Power Rental Systems Market Forecast 2020 – 2027 – Top Key Players Analysis
The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape.
Top Companies of 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.
Drivers of the Power Rental Systems Market:
Some of the factors responsible for the growth of the power rental systems market include rising industrial and commercial sectors and the growing demand for a backup power supply source to avoid downtime losses in industrial operations globally. Power rental systems are projected to create new growth opportunities in industrial and commercial applications as a source of backup power supply due to their remote monitoring and fully automatic synchronization. They are used for numerous application areas, including disaster relief recovery, newly built facilities, remote location construction projects, law enforcement endeavors, and mining camps. In addition to this, access to a high standard of equipment, paying for the asset over a fixed period of time, alternate power provider at the time of low power supply, and easy upgrading or replacing the equipment are some of the factors fuelling the demand of the rental power systems in industrial and commercial sectors.
The increasing electricity consumption and rising demand for momentary electricity supply sources at times of events, festivals, and fairs are further bolstering 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 accelerating the market in developing countries worldwide. On the other hand, growing environmental concerns and uncertainty in the prices of raw materials hinder the growth of the market during the forecast period. The emergence of the COVID 19 is projected to have a negative impact on the construction and manufacturing sectors, thus restraining the market growth of power rental systems in the upcoming years.
Segmentation of the Power Rental Systems Market:
By Fuel Type:
- Diesel
- Gas
- Others
By Equipment:
- Generator
- Load Banks
- Transformer
- Others
By Power Rating:
- Up to 50 kW
- 51 –500 kW
- 501 –2,500 kW
By Application:
- Peak Shaving
- Standby Power
- Base Load
By End-User:
- Utilities
- Oil & Gas
- Mining
- Manufacturing
- Construction
- Events
- Shipping
- Data Centre
- Others
By Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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