The Power Rental market size will grow from USD 13.73 Billion in 2017 to USD 22.45 Billion by 2023, at an estimated CAGR of 8.54%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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This growth can be attributed to the increasing power demand, lack of power infrastructure, and revamping of old T&D infrastructure. The standby power segment is expected to grow at the highest CAGR during the forecast period. Standby power refers to the power consumed by electronic and electrical appliances while they are switched off or in standby mode. A standby generator is an electrical backup system that operates within seconds of a power outage. The transfer switch senses the loss of power and accordingly starts or shuts off the generator. Most units run on diesel, natural gas, or liquid propane gas. These generators are used in hospitals, office buildings, and schools, among others.
By Market Players:
Caterpillar, Inc. , Atlas Copco , Cummins, Inc. , United Rentals, Inc. , Ashtead Group, PLC , Aggreko, PLC , APR Energy, PLC , Bredenoord Exploitatiemij B.V. , Kohler Co. , Power Electrics Bristol Limited , Rental Solutions & Services, LLC , Wärtsilä Corporation, Hertz Equipment Rental Corporation , Soenergy International, Inc. , Generac Power Systems , Multiquip, Inc. , Wacker Neuson SE ,
Peak Shaving , Standby Power , Base Load/Continuous Power,
Utilities , Oil & Gas , Events , Construction , Mining
By Fuel Type
Diesel Generators , Gas Generators , Others,
By Power Rating
Up to 50 kW Power Rating , 51 kW–500 kW Power Rating , 501 kW–2,500 kW Power Rating, ,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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