IMARC Group, a leading market research company, has recently releases report titled “United States Power Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Future Prospects.” The study provides a detailed analysis of the industry, including the United States power rental market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Market Insight:
Power rental is a service that offers temporary electricity supply for various industrial activities, such as mine excavation, construction, oil and gas exploration, etc. Some of the most common power rental solutions include welding generators, mobile lighting towers, diesel or gas generators, distribution boards, cables, etc. These solutions offer flexibility, reliability, speed, cost-effectiveness, etc., to businesses to cope with temporary power shortages. As a result, power rental services find extensive applications across numerous industries, such as construction, mining, oil and gas, etc.
Market Trends and Drivers:
The lack of suitable grid infrastructures and the widespread prevalence of power outages are primarily driving the United States power rental market. Apart from this, the increasing number of infrastructure development projects is leading to the growing requirement for reliable and continuous power supply, which is further catalyzing the market growth.
Moreover, the launch of several favorable initiatives by government bodies to expand airport and metro networks is augmenting the regional market. Besides this, the escalating number of retail and commercial infrastructural projects across the country is acting as another significant growth-inducing factor. Furthermore, numerous other factors, including the inflating adoption of natural gas-based power generators and the elevating utilization of renewable energy as an alternative power source to minimize carbon emissions, are anticipated to fuel the United States power rental market in the coming years.
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Market Segmentation:
The report has segmented the United States power rental market on the basis of fuel type, equipment type, power rating, application, end use industry and region.
Based on Fuel Type:
- Diesel
- Natural Gas
- Others
Based on Equipment Type:
- Generator
- Transformer
- Load Bank
- Others
Based on Power Rating:
- Up to 50 kW
- 51 –500 kW
- 501 –2,500 kW
- Above 2,500 kW
Based on Application:
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
Based on End Use Industry:
- Utilities
- Oil Gas
- Events
- Construction
- Mining
- Data Centers
- Others
Regional Analysis:
- Northeast
- Midwest
- South
- West
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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