The global power rental market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2024–2031). The market growth is attributed to a shifting trend towards the adoption of natural and renewable power sources in power generation globally. Most power rental companies are keen on adopting natural gas as a power source for theirpower-renting equipment. For instance, in January 2024, United Rentals added several EHR Solar Battery Generators from Hipower to its North American fleet. The mobile microgrid solution pairs a battery energy storage system with power provided by integrated photovoltaic solar panels and a propane generator. In solar mode, the generator features a 5.0kW peak solar array with extendable panels, which convertthe energy into electricity and storeit within built-in batteries. Meanwhile, it can also power temporary office spaces such as container offices, mobile office trailers, and guard shacks and can potentially serve as the single source of power, depending on load requirements.
Browse the full report description of “Power Rental Market Size, Share & Trends Analysis Report by End User (Telecom and Data Center, Oil & Gas, Utilities, Manufacturing, Mining, and Construction, Others), by Power Rating UP TO 50 kW, 51 –500 kW, 501 –2,500 kW, and Above 2,500 kW), by Fuel (Diesel, and Gas), and by Application (Standby, Power Sharing, and Prime/Continuous). Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/power-rental-market
Moreover, government directives and regulations to reduce emissionsacross high carbon-emitting sectors such as mining, construction, oil, and gas havestimulated faster adoption of clean power sources in power generation. For instance, on March 16, 2023, the European Commission proposed the Net-Zero Industry Act (NZIA), working towards achieving the ‘Fit-for-55’ benchmark to reduce EU carbon emissions by 55.0% by 2030 compared to 1990 levels. The drafted legislation will streamline the regulatory framework surrounding critical net-zero technologies and improve the investment environment for manufacturing in the EU’s clean-technology sectors. The proposal’s overall provision mandates that the EU’s manufacturing capacity of strategic net-zero technologies reach at least 40.0% of the EU’s annual deployment needs by 2030. NZIA calls for generating 50Mt in annual growth of CO2 storage sites by 2030 with significant contributions made by gas and oil producers.
Market Coverage
• The market number available for 2023-2031
• Base year: 2024
• Forecast period: 2024-2031
• Segment Covered-
o By End User
o By Power Rating
o By Fuel
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape include Aggreko Ltd, United Rentals Inc., Atlas Copco AB, Cummins Inc., and Caterpillar.
Key questions addressed by the report
Global Power Rental Market Report Segment
By End User
By Power Rating
By Fuel
By Application
Global Power Rental Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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