The global power rental market size was valued at USD 9,267.8 million in 2022 and is poised to grow at a significant CAGR of 5.6% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the power rental market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
The global power rental market segmentation:
1) By Power Rental: Below 75 kVA, 75 - 375 kVA, 375 - 750 kVA, above 750 kVA
2) By Fuel Type: Diesel, Gas, Others
3) By Application: Continuous Load, Standby Load, Peak Load
4) By End-User: Mining, Construction, Manufacturing, Utility, Events, Oil and Gas, Others
5) By Geography: Latin America, North America, Asia Pacific, the Middle East and Africa and Europe
The primary factors of the power rental market drivers are surging demand for uninterrupted and reliable power supply. The power rental market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to act for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The power rental market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the power rental market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by power rental market key players are Caterpillar Inc. (United States), Cummins Inc. (United States), Aggreko (United Kingdom), Atlas Copco (Sweden), Kohler-SDMO (France), Shenton Group (United Kingdom), NIDS GROUP (India), Jassim Transport & Stevedoring Co. K.S.C.C. (Kuwait), Pump Power Rental (United Kingdom), United Rentals (United States), Sudhir Power Ltd. (India), Modern Hiring Service (India), Newburn Power Rental Ltd (United Kingdom), Global Power Supply (United States), FG Wilson (United Kingdom), ProPower Rental (United States), APR Energy (United States) covered here to help them in strengthening their place in the market.
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