Over the projection period of 2022–2030, the global power rental market is expected to develop at a compound annual growth rate (CAGR) of 6.0%.
Power rental refers to the temporary leasing of machinery or systems, such as generator sets, load banks, electrical distribution systems, etc., in order to supply diverse businesses with an uninterrupted power supply. In times of power outages or other shortages, these systems are generally utilized to stabilize utility power networks and supply supplementary energy to companies. These systems are used for applications across many industrial verticals since they also provide enterprises with cost-effectiveness, high speed, flexibility, and reliability.

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GROWTH DRIVERS
Power rental has seen a sharp increase in demand over the past several years in both industrialized and developing countries. One of the main causes of this rising demand, which is also fueling the overall growth of the global power rental market, is the growing digitalization within the telecom sector, along with the growing implementation of supportive government initiatives to expand metro & airport networks and the increasing construction of hotels & shopping malls in their respective regions.
In addition, it appears that the participants in the global power rental market are putting more of an emphasis on introducing cutting-edge and novel power rental equipment to the market in order to meet the various power needs of end-users. One recent development is the appearance of equipment made to order that uses less fuel and emits less pollution while running in challenging conditions. During the projected period, market participants hope that the development of this equipment and other innovations would favor the expansion of the worldwide power rental market.
On the other hand, during the projection period of 2022–2030, it is anticipated that the implementation of strict laws for emission reduction in fossil fuel–powered equipment will somewhat restrain the expansion of the global power rental market.

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POWER RENTAL MARKET SEGMENTATION
By Fuel Type
• Diesel
• Natural Gas
• Others

By Power Rating
• 750 KVA

By Application:
• Peak Shaving
• Standby Power
• Base Load/ Continuous Load

By Equipment
• Generators
• Load Banks
• Transformers
• Others

By Rental Type
• Retail Rental
• Project Rental

By End-User
• Utilities
• Oil & gas
• Events
• Construction
• Mining
• Manufacturing
• Telecom & Datacenter
• Others

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

KEY COMPANIES IN POWER RENTAL MARKET
The research report offers a competitive analysis of prominent companies operating in the global power rental market. Some of the leading players profiled in the market research report include:
• Kohler
• Caterpillar, Inc.
• Aggreko Plc
• Atlas Copco Group
• Cummins, Inc.
• The Hertz Corporation
• Generac Power Systems
• Wacker Neuson SE
• United Rentals
• Herc Rental
• Multiquip
• HIMOINSA
• Other Players

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