European Power Rental Market size is expected to demonstrate a steady growth during the forecast period, according to a latest forecast report by Graphical Research.
The market growth is owing to robust construction activities driven by emerging trends in real estate sector. The development of the telecom sector following booming IT industry and ongoing digital revolution is projected to complement the business scenario. Growing demand for uninterrupted and reliable power supply due to unreliable grid infrastructure along with corporations relying heavily on power rental as a strategic stance will propel the business scenario.
COVID-19 pandemic has resulted in halting of major industry operations following strict implementation of public curfew and lockdowns. However, surging construction activities due to of robust construction of makeshift hospitals, is anticipated to augment the demand for power rental systems as an essential power supply source. Moreover, opening up of economies followed by rampant rise in production and construction activities will stimulate the market growth.
Prime or continuous power rental market will witness substantial progress owing to the unit’s wide-scale application across industries including mining, marine and construction. Growing product installation across industries including commercial complex, infrastructure and large industries with an objective to capitalize their operational performance is set to fuel the power rental business. Rising demand specifically from mining and the oil & gas industries driven by factors including the shale gas revolution will stimulate the business landscape.
Browse detailed statistical insights from the report, “Europe Power Rental Market Forecast 2027 By Application (Standby, Peak Shaving, Prime/Continuous), By Power Rating (< 75 kVA, 75 - 375 kVA, 375 - 750 kVA, > 750 kVA), By Fuel (Diesel, Gas), By End-Use (Telecom, Data Center, Healthcare, Oil & Gas, Electric Utilities, Offshore, Manufacturing, Construction, Mining, Marine), Research Report, Country Outlook (Germany, UK, Italy, France, Spain), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Diesel power rental units is projected to witness increased adoption owing to easy fuel availability and its ability to offer higher efficiency. Rising environmental concerns among institutions and individuals along with adoption of stringent emission norms may hamper the market statistics. However, low acquisition cost, enhanced energy density and longer shelf life are some of the key factors providing substantial thrust to the product distribution.
Large-scale adoption of mining projects along with elevating downtimes costs will positively impact the industry statistics. The constant demand for continuous and reliable power supply for power communication units and jobsite equipment primarily across the mining sites lacking basic access to grid will reinforce the market growth. Moreover, increasing popularity of powerful units based on end user preference towards suitability and viability will encourage the product adoption across the region.
The European power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Power Rating
- <75 KVA
- 75-375 KVA
- 375-750 KVA
- >750 KVA
Europe Market, By Fuel
Europe Market, By End Use
- Data Center
- Oil & Gas
- Electric Utilities
Europe Market, By Application
- Peak Shaving
The above information has been provided for the following countries: