Power Rental Systems Market Insights, Deep Analysis of Key Vendor in the Industry 2020-2027
Power Rental Systems Insights:
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Power Rental Systems Market:
The leading players in the Power Rental Systems Market:
- Aggreko
- Atlas Copco AB
- United Rentals, Inc.
- Caterpillar Inc.
- Herc Rentals Inc.
- Cummins Inc.
- Ashtead Group Plc.
- Atlas Corporation
- Al Faris
- Kohler Co.
Key Drivers of Power Rental Systems Market:
Some of the factors responsible for the growth of the power rental systems market include increasing industrial and commercial sectors and strong demand for a backup power supply source to avoid downtime losses in industrial operations globally. Power rental systems are projected to find vast growth opportunities in industrial and commercial applications as sources of backup power supply due to their remote monitoring and fully automatic synchronization. They are used for several application areas, including newly built facilities, disaster relief recovery, remote location construction projects, mining camps, and law enforcement endeavors. Moreover, alternate power provider at the time of low power supply, access to a higher standard of equipment, paying for the asset over a fixed period of time, and easy upgrading or replacing the equipment are some other factors fuelling the demand for rental power systems in commercial and industrial sectors.
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The increasing electricity consumption and growing demand for momentary electricity supply sources at times of events, festivals, and fairs are anticipated to drive the growth of this market in the upcoming years. Limited access to electricity in rural areas and a rise in power loss driven by aging infrastructure are further bolstering the market in the developing economies worldwide. On the other hand, increasing environmental concerns and variations in the prices of raw materials will hinder the growth of the market during the forecast period. The emergence of the COVID 19 is anticipated to significantly impact the construction and manufacturing sectors, thus negatively impacting the market growth of power rental systems in the upcoming years.
Power Rental Systems Market Segmentation:
The power rental systems market has been segmented into the following categories:
Power Rental Systems Market by Fuel Type:
- Diesel
- Gas
- Others
Power Rental Systems Market by Equipment:
- Generator
- Load Banks
- Transformer
- Others
Power Rental Systems Market by Power Rating:
- Up to 50 kW
- 51 –500 kW
- 501 –2,500 kW
Power Rental Systems Market by Application:
- Peak Shaving
- Standby Power
- Base Load
Power Rental Systems Market by End-User:
- Utilities
- Oil & Gas
- Mining
- Manufacturing
- Construction
- Events
- Shipping
- Data Centre
- Others
Power Rental Systems Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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