The global mobile power generation equipment rental market will be driven by the increasing demand for emergency power during natural disasters during the forecast period 2021-2026, according to expert market research
The new Market Research Expert Report titled “Global Rental market for mobile power generation equipment Report and Forecast 2021-2026 ‘, gives an in-depth analysis of the global mobile power generation equipment rental market, assessing the market on the basis of its segments like type, application, and major regions like North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, and analyzes the market based on Porter’s SWOT and Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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The main highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 6.2%
The rental market for mobile power generation equipment has seen substantial growth owing to factors such as increased development of public infrastructure, growth of industrial base, and the need for large volumes of energy during events and activities. In addition, increased knowledge in different industries offers huge market opportunity for key players in the mobile power generation equipment rental market. Increased construction operations and increased demand from mining, oil and gas industries are also expected to drive the market forward. Nonetheless, increasing competition from microgrids, increasing use of energy storage systems and pollution control regulations may hamper the growth of the power generation equipment rental industry. mobile during the forecast period.
Definition of the industry and main segments
The mobile power generation equipment rental industry can be broadly classified on the basis of types and applications.
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According to the type, the industry is divided into:
Based on the application, the industry is divided into:
The regional markets for the rental of mobile power generation equipment include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Geographically, the market in North America is expected to grow rapidly with diesel generators leading the market. However, as environmental rules tighten to reduce the carbon footprint, the focus is on alternative fuel generators. The United States is one of the leading countries to use natural gas generator sets to reduce pollution. Natural gas generators have higher reliability because they have fewer breakdowns during operation. In addition, during operation, natural gas generators often save between $ 1,000 and $ 3,000 per kilowatt. Growing demand for energy, infrastructure projects and the need for contact power are just a few of the major reasons driving the mobile power generation equipment rental market in North America. In addition, it is expected to invest in the oil and gas sector in the United States, which is expected to fuel the market during the forecast period. During the forecast period, the region’s construction sector is expected to exceed investment. The generator set rental business, as well as the oil and gas industry, are expected to benefit from the growth of the sector.
Key market players
The main players in the market are Aggreko Plc, APR Energy Plc, Caterpillar Inc. (NYSE: CAT), Cummins Inc., Siemens AG, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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