Power Rental Market

1. Power Rental Market to reach USD 12.2 billion by 2027 The power Rental Market has been valued at USD 8.6 billion in the year 2021 and it is estimated to reach USD 12.2 billion by the year 2027, with a CAGR of 6.5% from 2022 to 2027. Power Rental is a popular concept for events that are organized across different parts of the world. Power on hire is generally preferred in areas with low grid infrastructure, which includes islands present in the Asia Pacific and Latin America regions; these are the main factors that have considerably increased the demand for Power Rental in the market, thereby driving the huge growth of the Power Rental market in the upcoming years Market Drivers and Restraints: The main factors that have considerably increased the demand for Power Rental in the market are mainly the increase in instances of unreliable power supply generated through small-scale power grids and limited access to the main transmission network have propelled the demand for rental generators across the utility and manufacturing industries. Furthermore, the rise in requirement for scalable rental equipment that can overcome the problems associated with voltage sags & swells and power outages notably contributes to the growth of the market, globally. Moreover, the rise in awareness regarding the benefits of outsourcing power rental systems is positively impacting the market growth; these are the main factors that have considerably increased the demand for Power Rental in the market, thereby driving the huge growth of the Power Rental market in the upcoming years To know more read: https://www.marketdataforecast.com/market-reports/power-rental-market The report is segmented as: Power Rental Market is segmented on the basis of: by Fuel (Diesel, Natural Gas), By Power Rating (Up to 50 kW, 51 –500 kW, 501 –2,500 kW, Above 2,500 kW), Equipment (Generator, Transformer, Load Bank, and Others), By End User (Utilities, Oil & Gas, Events, Construction, Mining), By Application (Peak Shaving, Base Load, Standby) Geographical Segmentation:

2. The power Rental Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and the rest of the world. North America has the dominant share in Power Rental due to the increase in deployment of renewables as an alternative power source to reduce carbon emissions these are the main factors that have considerably increased the demand for Power Rental in North America, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Power Rental Market Click the link to get a Sample Copy of the Report: https://www.marketdataforecast.com/market-reports/power-rental-market/request-sample Impact of COVID-19 on the Market Covid -19 pandemic has created huge losses in every sector across the world, and a temporary lack of growth in export and import activities, which has impacted the raise of the Power Rental market growth. Due to covid-19 many companies have shut down and stopped their production and have decreased the availability of Power Rental. The government restrictions like lockdown in many countries have stopped the production of products by manufacturing companies. In recent days relaxation in restrictions by the government and people getting vaccinated to stop the spread of the corona virus is expected to raise the Power Rental market growth. ABOUT US: Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs. Contact Us: Market Data Forecast Website: https://www.marketdataforecast.com Phone: +1-888-702-9626 Email: contact@marketdataforecast.com