Press release
Power Rental Market Latest Innovations, Drivers, Types, Application And Industry Key Events to 2023
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The end-user category of utilities held the largest share in the power rental market during the historical period and is estimated to account for more than 45.0% share in the market in 2017. Increase in government regulations with respect to growing concerns regarding harmful emissions from old and outdated thermal power plants is driving the use of power rentals in the utilities sector, which, in turn, is contributing to their market growth.
Generators of power rating 51 kW–500 kW held the largest share in the power rental market during the historical period and are estimated to account for more than 45.0% of the market in 2017. The increasing demand for rental generators of 51 kW–500 kW power rating for different residential and commercial purposes is expected to drive their market growth.
During the forecast period, the power rental market is expected to witness the highest growth, of 11.0% CAGR, in the MEA region. This can be attributed to the growing utilities sector, increasing number of construction projects, power grid unavailability in remote locations, extreme weather events, and post-disaster emergencies in the region. Also, the region is expected to continue holding the largest share, of more than 30.0%, in the power rental market in the coming years.
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Some of the major players operating in the global power rental market are Aggreko PLC, APR Energy, Caterpillar Inc., United Rentals Inc., Cummins Inc., Herc Holdings Inc., Atlas Copco AB, Ashtead Group PLC, Al Faris Group, and Quippo Infrastructure Equipment Limited.
GLOBAL POWER RENTAL MARKET SEGMENTATION
By Fuel Type
Diesel generators
Gas generators
Others (gasoline, hydrogen, and solar generators)
By Application
Prime power
Standby power
Continuous power
By End User
Utilities
Oil and gas
Industrial
Construction
Events
Mining
Others (shipping, manufacturing, residential and commercial buildings, and military)
By Power Rating
Up to 50 kW
51 kW–500 kW
501 kW–2,500 kW
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
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