Power rental systems are used extensively in a range of industries, which demands continuous power. Major end-use industries for these systems are government, oil & gas, as well as and construction. Also, there is a need for continuous power in events, wherein these systems find huge demand. These systems are cost-effective, reliable, and flexible, which further bolster the demand for power rental systems.
MARKET DYNAMICS
The power rental systems market demand is propelled by the rising grid instability owing to aging conventional grids. Furthermore, the power rental systems market is also driven by the rising awareness regarding benefits offered by renting a system such as cost-efficiency. However, the increasing focus of government towards the use of renewable energy sources, as well as payment issues in underdeveloped or developing countries is one of the key factor hampering the power rental systems market growth.
MARKET SCOPE
The "Global Power rental systems Market Analysis to 2028" is a specialized and in-depth study of the power rental systems industry with a special focus on the global market trend analysis. The report aims to provide an overview of power rental systems market with detailed market segmentation by fuel type, application, end-user, and geography. The global power rental systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power rental systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power rental systems market is segmented into fuel type, application, and end-user. The market on the basis of fuel type is segmented into diesel, gas, and others. The application segment of power rental systems market is classified into peak shaving, continuous power, and standby. The power rental systems market by end-user is categorized into oil, gas & mining, industrial, construction, events, power and utilities, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power rental systems market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The power rental systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the power rental systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the power rental systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the power rental systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from power rental systems market are anticipated to lucrative growth opportunities in the future with the rising demand for power rental systems in the global market. Below mentioned is the list of few companies engaged in the power rental systems market.
The report also includes the profiles of key power rental systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aggreko PLC
- APR Energy
- Ashtead Group PLC
- Atlas Copco AB
- Caterpillar Inc.
- Cummins Inc.
- Herc Holdings Inc.
- Kohler Co.
- Quippo Infrastructure Equipment Limited
- United Rentals Inc.