Power Rental Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

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Power Rental Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

Status : May, 2021 | Energy & Mining

Report Digest

Power Rental Market: Overview

The power rental market may gain substantial growth prospects across the assessment period of 2019-2029 on the back of factors like the escalating need for uninterrupted electrification, extensive demand for continuous power supply across industries like oil and gas, and mining industries, and the frequent need for power supply in remote areas.

Renting power equipment is better than purchasing one for short-term uses. It saves money and enables specialty performance. It also eliminates the responsibility of maintenance, service, and testing. These aspects may bring promising growth opportunities for the power rental market during the assessment period of 2019-2029.

The utilization of power rental services across end-uses such as data center, telecom, electric utilities, manufacturing, offshore, hospitals, shipping, and military will invite promising growth prospects for the power rental market. Based on rental type, the power rental market can be segmented into retail rental and project rental. On the basis of equipment, the power rental market can be classified into load banks, transformers, clamps, wires, temporary power plants, and generators.

This report has considerable information on many factors etched with the growth of the power rental market. Vital points such as emerging trends, partnerships, collaborations, and the geographical landscape associated with the power rental market have been studied and included in the report. The stakeholders and CXOs can gain intensive information from this report. This report also has expansive information about the SARS-CoV-2 pandemic effect on the power rental market.

Power Rental Market: Competitive Prospects

The power rental market has numerous players but a few key players acquire the majority growth share. The players in the power rental market are always in the pursuit of enhancing their revenues by introducing attractive rental schemes that resonate with the end-users.                                              

Activities like mergers, acquisitions, partnerships, collaborations, and joint ventures help the players to increase the dominance across the power rental market. This aspect eventually helps in increasing the growth rate of the power rental market.

The players invest heftily in advertising initiatives to promote their services. A sizeable social media presence also attracts considerable attention of the consumers. Crafting a great advertising strategy helps the players in the power rental market to garner expansive growth prospects.

Some well-entrenched players in the power rental market are Bredenoord, Aggreko, Herc Rental, Atlas Copco, Caterpillar, Kohler, Wacker Neuson, Ashtead Group, SoEnergy, Allmand Brothers, and Multiquip.

Power Rental Market: Key Trends

The escalating requirement for rental equipment that can tackle the problems associated with power outages, voltage sags, and swells may invite profitable growth opportunities for the power rental market. Cost-effectiveness is also an important factor that helps in increasing the growth rate of the power rental market.

Furthermore, these rental units can be set up without any additional infrastructure and can be discontinued after its use. Longer life, high energy density of fuel, and easy availability are some of the important aspects that invite extensive growth prospects for the power rental market.

The installation of utility-scale power generation plants on a rental basis in some parts of the country may bring substantial growth for the power rental market.

Power Rental Market: Regional Perspective

North America may harness substantial growth for the power rental market during the tenure of 2019-2029. Escalating investments in the construction and oil and gas sectors may invite great growth prospects for the power rental market. Furthermore, the rising usage of diesel-powered generators in the region may also help in escalating the growth opportunities.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?