Global Power Rental Systems Market
The GMI Research forecasts that the Power Rental Systems Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing demand for momentary electricity supply sources at times of festivals, events, and fairs.
Introduction of the Power Rental Systems Market:
Power rental systems refer to the power generators, load banks, and transformers that provide the facility of momentarily renting power for supplying energy to industrial units. They are employed various industrial and commercial applications to cope with shortages of power and offer additional energy to industries and support communities. These systems have features like flexibility, reliability, speed, and cost-effectiveness to businesses. They are primarily used across industries in numerous situations, including planned power shutdowns, sudden power shutdown, seasonal changes in power demand, additional power for events, power demand in new construction, and extension sites.
Key Players of the Global Power Rental Systems Market:
- Kohler Co.
- Ashtead Group Plc
- Herc Rentals Inc.
- United Rentals, Inc.
- Aggreko
- Al Faris
- Atlas Corporation
- Cummins Inc.
- Caterpillar Inc.
- Atlas Copco AB
Power Rental Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The power rental systems market is primarily driven by the expanding industrial and commercial sectors along with their application across various areas, which include distant location construction projects, law-enforcing endeavours, and recovery from disaster, mining camps, and newly built facilities. In addition, several other factors such as ingress to a piece of better standard equipment, easy up gradation and replacement of the equipment, surrogate power provider during low power supply and paying for the asset over the fixed period of time coupled with the aggravating demand for a power backup source to avoid the chances of downtime losses in industrial operations further strengthen the power rental systems market size. Insufficient access to electricity in rural areas and surge in power loss due to senile infrastructure are stimulating the market, especially across emerging nations are propelling the market demand. The system is expected to experience robust growth in industrial and commercial applications as a backup power supply source because of its remote supervision and automated synchronization.
Moreover, the enlarging electricity consumption and mounting demand for momentary electricity supply sources at times of festivals, events, and fairs are contemplated to contribute to the market growth. However, increasing apprehension towards the environment and fluctuation in the prices of raw materials are hampering the power rental systems market share. Also, the sudden and widespread outbreak of the coronavirus pandemic left a substantial influence on the construction and manufacturing sectors, thereby adversely impacting the market growth.
Power Rental Systems Market Segmentation:
Segmentation by Fuel Type
- Diesel
- Gas
- Others
Segmentation by Equipment
- Generator
- Load Banks
- Transformer
- Others
Segmentation by Power Rating
- Up to 50 kW
- 51 –500 kW
- 501 –2,500 kW
Segmentation by Application
- Peak Shaving
- Standby Power
- Base Load
Segmentation by End user
- Utilities
- Oil & Gas
- Mining
- Manufacturing
- Construction
- Events
- Shipping
- Data Centre
- Others
Segmentation 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)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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