Acumen Research and Consulting recently published report titled “Power Rental Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030”
TOKYO, Aug. 14, 2022 (GLOBE NEWSWIRE) -- The Global Power Rental Market Size is valued at USD 9,142 million in 2021 and is estimated to achieve a market size of USD 16,366 million by 2030; growing at a CAGR of 7.1%.
The increasing number of continuous and uninterrupted power supply and the growing number of power outages in emerging countries are the leading factors boosting the global power rental market revenue. Peak power demand, or the highest demand in a given period, has constantly grown faster than base power demand, or total power requirement, over the last decade. Peak demand is increasing the need for utilities to generate power quickly. According to the International Energy Agency (IEA), global electricity demand surged in 2021, creating strains in major markets driven by the rapid economic rebound and more extreme weather conditions than in 2020. For instance, as per the IEA’s Electricity Market Report 2022, last year’s increase of over 1500 terawatts-hours was the largest ever. As a result, the increasing need for power requires power rental services to satisfy the global need.
Request For Free Sample Report @
https://www.acumenresearchandconsulting.com/request-sample/569
Power Rental Market Size 2021
Power Rental Market Forecast 2030
Power Rental Market CAGR During 2022 - 2030
Power Rental Market Analysis Period
Power Rental Market Base Year
Power Rental Market Forecast Data
By Fuel, By Power Rating, By End-User Industries, And By Region
Power Rental Market Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
APR Energy, Aggreko Plc., Ashtead Group Plc., Caterpillar Inc., Bredenoord Exploitatiemij B.V., Herc Rentals Inc., Cummins, Inc., L.M. Generating Power Co. Ltd., United Rentals, Inc., and Speedy Hire Plc.
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
COVID-19 Impact on the Global Power Rental Market Value
COVID-19 pandemic has halted many commercial and industrial activities due to the rapid spread of infection. Global lockdowns, travel restrictions, work-from-home policies, and the postponement of global events have all had a negative impact on power rental market sales in 2020 and 2021. In addition, according to the International Energy Agency (IEA), global energy demand dropped 5% in 2020; energy-related CO2 emissions declined by 7%, and energy investment fell by 18%. However, with the resumption of lockdowns and steadily increasing manufacturing and other power-consuming industries, the market is expected to do well in the coming years.
Global Power Rental Market Dynamics
Surging demand for reliable power supply is expected to boost the power rental market growth. According to the International Energy Agency, global electricity demand is expected to rise by 1.4 percent per year on average by 2040. Furthermore, the growing number of power outages is driving up demand in the power rental market. Floods, hurricanes, ice storms, wildfires, and other extreme weather events have increased as a result of climate change. Power outages are being caused by weather-related events in countries such as China, Japan, India, Australia, and the United States. As a result, the growing number of power outages is increasing the demand for power backup solutions.
However, strict government guidelines concerning generators are a major factor limiting the market growth. According to one of the guidelines proposed by the Central Pollution Control Board (CPCB) in collaboration with the Ministry of Environment and Forests, the emission of oxides of hydrocarbons and nitrogen from a 19KW diesel generator should not exceed 7.5g/KW-hr. These regulations apply to all generators manufactured or imported into India. Aside from that, the growing emphasis on renewable energy sources is another factor that will prevent the market from expanding in the near future.
In contrast, the incorporation of power rental equipment with renewable energy is expected to generate numerous market growth opportunities from 2022 to 2030. Because of growing environmental concerns and government regulations, many businesses have shifted their focus to renewable energy rental equipment. Atlas Copco, Aggreko, and Bredenoord, among others, have developed new product lines of renewable energy power rental equipment.
Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/power-rental-market
The global market is divided into four segments: fuel, power rating, end-user industries, and region.
Based on fuel, the market is divided into diesel, gas, and dual fuel. The diesel power rental equipment will perform well in the industry owing to its ability to provide flexible, scalable, and weather-independent operations. In addition to that, diesel power rental generators offer higher operational efficiency and enhance engine performance which also drives the segment demand.
By power rating, the distribution includes up to 50 KW, 51 to 500 KW, 501 to 2,500 KW, and above 2,500 KW. Based on our power rental industry analysis, the 501 to 2,500 KW power rating generated the largest market shares in 2021 and is likely to do so in the coming years.
The end-user industries segment is split into utilities, oil & gas, events, construction, mining, shipping, and others. In 2021, the utilities sub-segment achieved the utmost shares in the market and is expected to continue its trend in the coming period. However, mining and oil & gas are the industries that are extensively fueling the demand for power rental equipment during the projected timeframe from 2022 to 2030.
Power Rental Market Regional Outlook
The global power rental market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Currently, the Asia-Pacific region will occupy a significant market share owing to the rapidly growing need for power in emerging countries. The widespread mining sector, ongoing construction activities, investments in the oil & gas sectors, and the presence of a high population are all the prime factors that are supporting the Asia-Pacific power rental market growth.
North America and Europe are the prominent regions that use power rental equipment. However, the Middle East & Africa is one of the fastest growing regions in the power rental market. The flourishing oil & gas industry and increased construction activities are driving the Middle East & African market. Furthermore, Latin America is observing notable growth due to the rising mining activities in Argentina, Brazil, and Chile.
Buy this premium research report –
https://www.acumenresearchandconsulting.com/buy-now/0/569
Some prominent power rental companies covered in the industry are Atlas Copco AB, AB Volvo, Caterpillar Inc., Doosan Heavy Industries & Construction Co., Ltd, CNH Industrial N.V., J C Bamford Excavators Ltd., Hitachi Construction Machinery Co., Ltd, Komatsu Ltd., John Deere, and Liebherr Group.
Browse More Research Topic on Energy Sector:
The Ionic Exchange Based Liquid Nuclear Waste Treatment Market is expected to grow at a CAGR of around 13.6% from 2020 to 2027 and expected to reach the market value of around USD 2,587.2 Million by 2027.
The Bio LPG Market is expected to grow at a CAGR of around 47.1% from 2020 to 2027 and expected to reach the market value of around USD 60.4 Billion by 2027.
The Solar Inverter Market is expected to grow at a CAGR of around 15.6% from 2020 to 2027 and expected to reach the market value of around USD 27.6 Billion by 2027.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
For Latest Update Follow Us on Twitter and, LinkedIn
Markets correspondent Jared Blikre takes a look at the declining pricing for cryptocurrencies bitcoin and ethereum as the FDIC issue letters to five crypto companies.
In the world of stock legends, George Soros stands out. While his political activities have been a lightning rod for controversy, no one can doubt his financial acumen. After all, he’s the ‘man who broke the Bank of England,’ and made a billion dollars in one day when he shorted the Pound Sterling back in 1992. His hedge fund, Soros Fund Management, showed three decades of sustained gains, averaging 30% annual returns through the year 2000. During this time, and today in the management of his pe
The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.
It's no wonder Altria's (NYSE: MO) stock has lost more than a fifth of its value in just a couple of months. Marketing partner Philip Morris International (NYSE: PM) is getting cold feet on working with Altria to sell its IQOS heated tobacco device while also just acquiring the leading competitor to Altria's own smokeless tobacco products. At the same time, the federal government all but obliterated Altria's $13 billion investment in Juul Labs, the one-time electronic-cigarette leader.
Yahoo Finance Live anchors discuss GM announcing the resumption of share buybacks and dividends.
A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.
For investors looking to maximize their wealth by the time they retire, the following pair of beaten-down businesses that possess strong growth capabilities are a worthwhile place to start. Freelance marketplace operator Fiverr (NYSE: FVRR) was a pandemic-lockdown superstar. Although Fiverr's stock price is down 65% in 2022 and off 82% from its all-time high, the freelance shop is still growing, albeit at a slower rate as SMBs became more cautious due to rampant inflation and rising energy costs and interest rates.
The past few weeks have been refreshing for Cathie Wood and fans of her style of growth stock investing. The CEO and co-founder of Ark Invest publishes the buys and sells of her firm's exchange-traded funds (ETFs) every market day, giving the public insight into her latest allocation strategies.
Jake Freeman cashed out his 6% stake in the meme stock after it exploded on Tuesday.
Back up the EV on shares of General Motors, says this one analyst.
Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its biggest gain in five months.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapC
(Bloomberg) -- Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc., scoring a 56% gain on an investment he held for roughly seven months.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapCovid’s Harmful Effects on the Brain Reverberate
The Federal Energy Regulatory Commission filing could mean that Berkshire Hathaway will continue to increase its stake in Occidental.
In this article, we discuss 10 Cathie Wood stocks to buy before the bull run starts. If you want to see more stocks preferred by Cathie Wood to load up on before the bull run begins, click 5 Cathie Wood Stocks to Buy Before the Bull Run Starts. Cathie Wood, the founder and CIO of […]
(Bloomberg) -- One big force at the center of the two-month equity rally is showing signs of fatigue. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapCovid’s Harmful Effects on the Brain Reverberate Years LaterIt’s the behavior of short sellers, whose frantic efforts to unwind bearish wage
Cisco Systems' (NASDAQ: CSCO) stock rose 4% during after-hours trading on Wednesday, Aug. 17, following its earnings report for its fiscal fourth quarter and the full year 2022. Revenue for the networking hardware and software maker stayed nearly flat from a year ago at $13.
One of the big reasons for investing in real estate investment trusts (REITs) is the kind of dividends many pay. While Treasury bonds are just beginning to catch up with inflation, some REITs offer better yields as long as investors are willing to accept the risks attached to owning them. Here are seven REITs with better-than-average, hard-to-ignore dividend yields: AGNC Investment Corp. (NASDAQ: AGNC) is paying 11.36% at a price of $12.57. The Bethesda, Maryland-based company specializes in res
The zany story of Bed Bath & Beyond's stock price gets zanier.