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 : January, 2022 | 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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?