Global Power Rental Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global power rental systems market in its upcoming report titled, “Global Power Rental Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global power rental systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global power rental systems market report has been segmented on the basis of end-use, application, and region.

“The Power Rental Systems Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Power rental systems provide back-up systems to several industries during periods of power suspension to keep operations running.  Power rental systems are used as an alternate power provider at the time of low power supply. In addition, these systems provide peak shaving which allows industries to allocate electrical load equally during non-peak and peak hours. These systems are majorly used in emerging countries as power consumption is more owing to rising population and increasing adoption of smart grid systems.

Increasing demand of power based systems in commercial and industrial applications is a key factor expected to drive growth of the global market over the forecast period. In addition, rising awareness to limited power consumption during non-peak and peak hours is another factor expected to support growth of the target market. Moreover, increasing demand of temporary power supply source during the time of festivals, fairs, and events is expected to drive growth of this market in the near future. Furthermore, increasing focus towards decreasing peak power consumption to reduce electricity cost is further expected to support growth of this market.

Rising environmental concerns is a key factor expected to restrain growth of the global market over the forecast period. In addition, limited variation of power rental system product is other factor expected to hamper growth of the target market in the near future.

Innovative product development by using advanced technologies are expected to create potential revenue opportunities for players operating in the market during the forecast period.

The market in North America followed by Europe is projected to have significant growth in terms of revenue, owing to increasing demand of power rental units by end-use segment in various countries in these regions. The market in Asia Pacific is expected to account for significant growth over the forecast period, owing to rising industrial applications and increasing awareness of power consumption in developing countries such as India and China. The market in Middle East & Africa is expected to register significant growth in the near future, owing to increasing demand of power rental systems in oil and gas, industrial, and construction sectors in this region.

Global power rental systems market segmentation:

Segmentation by application:

• Peak Shaving
• Continuous Power
• Standby Power

Segmentation by end-use:

• Government
• Oil and Gas
• Construction
• Industrial
• Events
• Others (Residential and telecommunications off grid areas)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa