14-Apr-2022 | Zion Market Research
According to Zion Market Research study, Power Rental market accrued ROI of approximately around US$ 9.79 billion in 2021 and is expected to gain income of almost US$ 16.71 billion in 2028. Apparently, Power Rental industry is set to register humungous gains of nearly 7.8% in time interval of 2022 to 2028. Moreover, growth of power rental market over forecasting timespan is subject to rise in demand for power in mining activities. In addition to this, rise in faults in power transmission lines along with high rate of failure of power producing devices has resulted in humungous need for hiring services of firms in power rental business. Furthermore, unexpected power outages and blackouts have resulted in requirement of reliable power backup in commercial buildings and industrial complexes in emerging economies. This has triggered growth of power rental industry in recent years. Escalating demand for incessant supply of electricity in industrial sector will embellish expansion of power rental industry over ensuing years.
Diesel Segment To Make Notable Contributions Towards Power Rental Market Size By 2028
Expansion of diesel segment over forecasting timeline is subject to rise in installation of diesel-fueled units across globe. Moreover, ability of diesel-fueled units in providing weather-independent, flexible, and scalable operations has made most preferred fuel across globe. Furthermore, low upfront costs of diesel will propel surge in size of power rental industry. In addition to this, diesel improves performance of engine and increases operational efficiency, thereby proliferating revenue of power rental market.
Continuous Load Segment To Lead Application Landscape In 2022-2028
The segmental dominance in coming years can be attributed to rise in utilization of power rental systems in oil & gas, mining, and construction sectors. Furthermore, consistent power supply has accounted majorly towards growth of power rental market.
Utilities Segment To Account Majorly Towards Power Rental Market Share By 2028
Segmental growth over upcoming years can be attributed to massive use of utilities connected through a grid for developing a distribution network for power supply.
North American Power Rental Market To Expand Assiduously Over Forecast Period
Growth of regional market over forecast timeframe can be credited to rise in funding of mining, oil & gas, and construction sectors. In addition to this, surge in oil & gas exploration activities in sub-continent will contribute sizably towards regional market growth.
Few of the key participants have strongly dominated growth of power rental market and this trend is likely to remain even in upcoming years. They include Kohler-SDMO, APR Energy Limited, Atlas Copco, NIDS GROUP, United Rentals, Inc., Power Electrics, Shenton Group, Cummins Inc., ProPower Rental, Caterpillar Inc., and Speedy Hire plc.
Browse the full “Power Rental Market- By Power Rating (Below 75kVA, 75-375 KVA, 375-750 KVA, And Above 750 KVA), By Fuel Type (Diesel, Gas, And Others), By End-User (Mining, Utility, Construction, Manufacturing, And Oil & Gas), And By Application (Continuous Load, Peak Load, And Standby Load): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/power-rental-market
The global Power Rental Market is segmented as follows:
By Power Rating
By Fuel Type
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