The GMI Research speculates that the Power Rental Systems Market will notice an upsurge in demand over the forecast period. This is because of the rising demand for momentary electricity supply sources at times of festivals, events, and fairs.
Introduction of the Power Rental Systems Market:
Power rental systems broadly mean load banks, power generators, and transformers that impart the feature of momentarily renting power to supply energy to industrial units. They are implemented across industrial and commercial uses to subsist with power shortages and offer extra energy to industries. These systems have properties like adaptability, dependability, high speed, and cost-efficiency to businesses.
Key Market Players:
- 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
The enlarging commercial and industrial sectors accompanied with their implementation across law-enforcing efforts, mining camps, fragile location construction projects, freshly built facilities, and protection from disasters are driving the growth of global power rental systems market size. In addition, various factors like admittance to a piece of better standard tool, easy improvement and substitution of the equipment, backup power provider during low power supply and return for the asset evade a fixed period of time along with the escalating demand for a power backup source to avoid the chances of downtime losses in industrial functions further stimulate the power rental systems market size. Furthermore, as per the power rental systems market report, the inadequate approach to electricity in rural areas and augmentation power failure led by senile infrastructure are strengthening the market demand, especially across emerging nations. The system is contemplated to witness robust growth in industrial and commercial areas as a backup power supply source because of its remote monitoring and mechanized synchronization.
Moreover, the surging electricity consumption and higher demand for transitory electricity supply sources during festivals, events, and fairs will pave the way for market growth. However, growing apprehension towards the environment and volatility in the prices of raw materials are restraining the power rental systems market size. Also, the sudden outbreak of the coronavirus pandemic had 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:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI is a marketing research company that offers with business insights and research reports for every enterprise. Our team helps clients acknowledge the influence of market dynamics like size, share, drivers, growth opportunities, etc. Our team of analysts and industry experts conduct market intelligence studies to ensure all relevant and fact-based research reaches wide range of sectors. The organisation accumulates all relevant information about the industry using internal and external databases. Our prime emphasis lies in comprehending our clients about all emerging opportunities and challenges across different industries. We provide step-by-step help to our client to reach a managerial and actionable decision.
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