The Global Power Rental Market size was valued at USD 12,898 Million in 2024 and is estimated to grow at a CAGR of around 4.93% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Power Rental Market Driver:
The Rapid Expansion of the Construction Industry Fuelling the Market Growth – The construction activities in the residential, commercial, and hospitality sectors are increasing due to increased demand. The construction activities require electric power to run the various equipment and machinery at sites where construction takes place. The tools and machinery required at the construction sites including air compressors, hand drills, chain saws, battery chargers, electric welders, etc., have a power requirement for which the contractors or organizers hire power rental services to fulfil the requirement of energy during construction activities. Therefore, the surge in construction activities is driving the growth of the Power Rental Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Power Rental Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Equipment
- Generators- Market Size & Forecast 2019-2030F, USD Million
- Transformers- Market Size & Forecast 2019-2030F, USD Million
- Load Banks- Market Size & Forecast 2019-2030F, USD Million
- Ancillary Equipment- Market Size & Forecast 2019-2030F, USD Million
- By Fuel Type
- Diesel- Market Size & Forecast 2019-2030F, USD Million
- Natural Gas- Market Size & Forecast 2019-2030F, USD Million
- By Application
- Peak Shaving- Market Size & Forecast 2019-2030F, USD Million
- Base Load- Market Size & Forecast 2019-2030F, USD Million
- Stand by- Market Size & Forecast 2019-2030F, USD Million
- By Power Rating
- Up to 50 KW- Market Size & Forecast 2019-2030F, USD Million
- 51KW – 500KW- Market Size & Forecast 2019-2030F, USD Million
- 501KW- 2500 KW- Market Size & Forecast 2019-2030F, USD Million
- Above 2500KW- Market Size & Forecast 2019-2030F, USD Million
- By End-User
- Power Utility- Market Size & Forecast 2019-2030F, USD Million
- Manufacturing- Market Size & Forecast 2019-2030F, USD Million
- Construction- Market Size & Forecast 2019-2030F, USD Million
- Mining & Metals- Market Size & Forecast 2019-2030F, USD Million
- Others (Events, Corporate & Retail)- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Aggreko Plc, Ashtead Group Plc., United Rental Inc., Atlas Copco, Caterpillar Inc., Generac Holdings Inc., Bredenoord, Nishio Rent All Singapore Pte Ltd., Herc Rental Inc., Rental Solutions & Services, LM Generating Power Co., Ltd., Speedy Hire Plc, APR Energy, Newburn Power Rental, Others, are looking forward to strengthening their market positions.
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We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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