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The global power rental market is projected to reach a size of USD 21.2 billion by 2023 Alexis Sanchez Jersey , at a CAGR of 7.89%, from an estimated USD 14.5 billion in 2018. This growth can be attributed to the limited access to electricity in rural areas and increase in power loss due to aging infrastructure.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market, namely, Caterpillar, Inc. (U.S.), Aggreko Alexandre Lacazette Jersey , PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and Generac Power Systems (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the report
On the basis of end-user, the power rental market has been segmented as follows:
Utilities
Oil & Gas
Mining
Manufacturing
Construction
Events
Shipping
Data Center
Others (Telecom Alex Oxlade-Chamberlain Jersey , Agriculture, Military, Hospital, and Commercials among others)
On the basis of application, the power rental market has been segmented as follows:
Peak Shaving
Standby Power
Base LoadContinuous Power
On the basis of power rating, the power rental market has been segmented as follows:
Less than 10 kW
11 kW - 20 kW
21 kW - 50 kW
51 kW - 100 kW
101 kW - 250 kW
251 kW - 500 kW
501 kW - 1,000 kW
1 Alex Iwobi Jersey ,001 kW -1,500 kW
1,501 kW - 2,000 kW
2,001 kW - 2,500 kW
Above 2,500 kW
On the basis of fuel Ainsley Maitland-Niles Jersey , the power rental market has been segmented as follows:
Diesel
Gas
Others (HFO, Dual Fuel, and Hybrid)
On the basis of equipment, the power rental market has been segmented as follows:
Generator
Load Banks
Transformer
Others (Wire, Clamps and Power Plant)
To speak to our analyst for a discussion on the above findings, click
Utilities segment is expected to be the largest market for the global power rental solutions during the forecast period
The power rental market in this report has been classified based on end-user into utilities, oil & gas Aaron Ramsey Jersey , mining, construction, manufacturing, events, shipping, data center, and others. Utilities includes power plants that are owned and operated by multiple utility companies or by the government. Utilities Cheap Arsenal Hats , with the help of distribution lines, deliver energy from power plants to homes and businesses across various countries. In the regions such as Africa and Asia Pacific, local grids lack reliable power supply because of poor transmission network. Unreliable supply from a local grid or limited access to the main transmission network prohibit the delivery of electricity required for commercial and residential users.
Objectives of the Study
鈥?To define, describe, analyze, and forecast the global power rental market on the basis of fuel type, power rating Cheap Arsenal Hoodies , application, end-user, and region
鈥?To provide a detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
鈥?To strategically analyze the power rental market with respect to individual growth trends, future expansions Cheap Arsenal Shirts , and contributions to the market
鈥?To analyze market opportunities for stakeholders in the power rental market and draw a competitive landscape for market players
鈥?To benchmark players within the market using proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategy
鈥?To compare key market players with respect to market share, product specifications, and applications
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鈥淣orth America is expected to hold the largest market size in the power rental market during the forecast period鈥?br > The North American market dominates the power rental market during the forecast period. The power rental market in North America is driven by the emergency power required by the utilities during the natural calamities affecting the power generation and T&D activities in the country. In addition to this growing oil & gas exploration and production activity coupled with construction industry growth in nonresidential sector are driving the requirement for power rental solution in the region. The power rental solutions are required in the construction and oil & gas industry to meet the fluctuating power requirement of the project. The major end-user segments driving the power rental market in the region are utilities, oil & gas, and construction.
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MarketsandMarkets鈩?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies鈥?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75 Cheap Arsenal Jerseys ,000 top officers across eight industries worldwide approach MarketsandMarkets鈩?for their painpoints around revenues decisions.
MarketsandMarkets鈥檚 flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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