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America Power Rental Market to Witness A Phenomenal Growth by 2026

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According to the Graphical Research new growth forecast report titled “America Power Rental Market Size By Power Rating (<75 KVA, 75-375 KVA, 375-750 KVA, >750 KVA), By Fuel (Diesel, Gas, Others), By End-Use (Telecom, Data Center, Healthcare, Oil & Gas, Electric Utilities, Offshore, Manufacturing, Construction, Mining, Marine), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Country Outlook (U.S. Canada, Brazil, Argentina), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” to Witness A Phenomenal Growth by 2026.

The market will experience growth on account of emerging trends in real estate along with unreliable grid infrastructure. Burgeoning expansion of the telecom sector is projected to complement the business scenario. Rapidly rising demand for uninterrupted power supply even from remote areas in this region coupled with major corporations relying heavily on power rental as a strategic stance will further boost the product adoption.

Coming out of the second quarter, the economy will recover from the COVID-19 impact. The pent-up demand coupled with rampant rise in production will drive the product adoption. Increasing orders from the commercial and industrial sector coupled with surge in construction & infrastructure development is projected to stimulate the market growth.

Prime or continuous will undergo significant surge owing to the widespread application across industries including mining, construction, marine and oil & gas. Increasing demand specifically from the oil & gas and mining industries on account of the shale gas revolution will positively impact the business scenario. Additionally, customer inclination toward powerful units owing to their viability and suitability will encourage the product growth.

Diesel is set to register high growth rate owing to the high efficiency rate coupled with ease of availability. Low acquisition cost associated with diesel along with its high energy density and longer life span are some of the key factors complementing the product adoption. Although rising environmental awareness acts as a major hinderance, the gradual development of anti-emission technologies has positively influenced the business landscape.

Mining will account for a major share in the market on account of limited grid connectivity across operation sites, as these mining operations often take place in remote areas. The continuous need of uninterrupted power supply for jobsite equipment and power communication systems among others will encourage the market growth.

Some of the key market players are increasingly investing to expand their product offerings and developing rental schemes to attract new customers and expanding their customer base. Some of the strategies adopted by the players in the market include realizing economies of scale and backward integration will aid the manufacturers in acquiring greater market share. Some of the major players in the market are United Rentals, Cummins, Caterpillar, Ingersoll Rand, Wagner, Generac, Kohler, Wärtsilä, and Atlas Copco amongst others.