The Worldwide Power Rental Industry is Expected to Reach $24.4 Billion by 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Power Rental Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.

The global power rental market is evaluated at US$15.066 billion for the year 2019 growing at a CAGR of 8.37% reaching the market size of US$24.408 billion by the year 2025.

Power rental is the facility to hire a power source to provide to an industrial unit or wherever required. Power rental has a number of benefits over the other solutions available for the same purpose. The key advantages of a power rental solution over its counterparts is that it gives the customer a significant level of flexibility in the power rating that can be given, moreover, it has almost negligible installation and maintenance costs. Additionally, a key factor that has been driving the market of power rental is the fact that they are readily available on short notices which has proved to be noticeably beneficial for a number of firms.

Moreover, power rental is not just used for particular companies but also for the events that happen all around the world as it is costlier to buy a whole new source of power which might be useless after the event wraps up and thus this proves to be a more efficient option for the organizers. The market of power rental is also fuelled by the growth of oil & gas projects around the globe which requires power for a particular period of time during exploration or production.

The advent of COVID-19 had an adverse impact on the market since the pandemic brough the activities in various industries to a standstill including all the oil & gas, construction and mining projects across several countries and slowed the growth of the power rental market to a significant level in the year 2020. With the industries getting back on the track and recovering after suffering losses due to the pandemic, major activities like production and exploration have resumed. The growth of the power rental market is expected to show gradual increase initially but is expected to witness rapid growth after the industries resume full-fledged activities in the coming years.

The segmentation of the power rental market has been done into fuel type used, applications, end user industry, and geography. By fuel type, the classification of the market has been done into diesel and gas. On the basis of applications, the segmentation of the market has been done into standby, peak shaving, base load. By the end user industry, the market has been segmented as Oil & gas, construction, mining, events and others. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, Middle East and Africa, and the Asia Pacific.

Companies Mentioned

• Wartsila
• United Rentals Inc.
• Caterpillar
• Sunbelt Rentals Ltd
• Wacker Neuson SE
• Herc Rentals Inc.
• Atlas Copco (India) Ltd
• Cummins Inc.
• Aggreko
• Generac Power Systems, Inc

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Power rental Market Analysis, by Fuel

5.1. Introduction

5.2. Diesel

5.3. Gas

6. Power rental Market Analysis, by Application

6.1. Introduction

6.2. Standby

6.3. Peak Shaving

6.4. Base load

7. Power rental Market Analysis, by End user

7.1. Introduction

7.2. Oil & gas

7.3. Construction

7.4. Mining

7.5. Events

7.6. Others

8. Power rental Market Analysis, by Geography

8.1. Introduction

8.2. North America

8.3. South America

8.4. Europe

8.5. Middle East and Africa

8.6. Asia Pacific

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/9yvbc4