Power Rental Market Top Key Players – Kohler, Caterpillar, Inc., Aggreko Plc, Atlas Copco Group, Cummins, Inc., The Hertz Corporation, Generac Power Systems, Wacker Neuson SE, United Rentals, Herc Rental, Multiquip, HIMOINSA

 

Over the projection period of 2022–2030, the global market for power rentals is expected to develop at a compound annual growth rate (CAGR) of 6.0%.

Power rental refers to the temporary leasing of machinery or systems, such as generator sets, load banks, electrical distribution systems, etc., in order to supply diverse businesses with an uninterrupted power supply. In times of power outages or other shortages, these systems are generally utilised to stabilise utility power networks and supply supplementary energy to companies. These systems are used for applications across many industrial verticals since they also provide enterprises with cost-effectiveness, high speed, flexibility, and reliability.

 

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GROWTH DRIVERS

Power rental has seen a sharp increase in demand over the past several years in both industrialized and developing countries. One of the main causes of this rising demand, which is also fueling the overall growth of the global power rental market, is the growing digitalization within the telecom sector, along with the growing implementation of supportive government initiatives to expand metro & airport networks and the increasing construction of hotels & shopping malls in their respective regions.

In addition, it appears that the participants in the global power rental market are putting more of an emphasis on introducing cutting-edge and novel power rental equipment to the market in order to meet the various power needs of end-users. One recent development is the appearance of equipment made to order that uses less fuel and emits less pollution while running in challenging conditions. During the projected period, market participants hope that the development of this equipment and other innovations would favour the expansion of the worldwide power rental market.

POWER RENTAL MARKET SEGMENTATION

By Fuel Type

·         Diesel

·         Natural Gas

·         Others

 

By Power Rating

·         <75 KVA

·         75-375 KVA

·         375-750 KVA

·         >750 KVA

 

By Application:

·         Peak Shaving

·         Standby Power

·         Base Load/ Continuous Load

 

By Equipment

·         Generators

·         Load Banks

·         Transformers

·         Others

 

By Rental Type

·         Retail Rental

·         Project Rental

 

By End-User

·         Utilities

·         Oil & gas

·         Events

·         Construction

·         Mining

·         Manufacturing

·         Telecom & Datacenter

·         Others

 

By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

 

KEY COMPANIES IN POWER RENTAL MARKET

The research report offers a competitive analysis of prominent companies operating in the global power rental market. Some of the leading players profiled in the market research report include:

·         Kohler

·         Caterpillar, Inc.

·         Aggreko Plc

·         Atlas Copco Group

·         Cummins, Inc.

·         The Hertz Corporation

·         Generac Power Systems

·         Wacker Neuson SE

·         United Rentals

·         Herc Rental

·         Multiquip

·         HIMOINSA

·         Other Players

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About Us:-                                            

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                                             

                                                                             

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