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Power Rental Market Size

Report ID: GMI1321
Published Date: Mar 2023
Report Format: PDF

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Power Rental Market Size

Power Rental Market size surpassed USD 16.9 billion in 2023 and is anticipated to register 4.3% CAGR from 2024 to 2032. Burgeoning development of data centers and rising cost of unplanned outages coupled with heavy dependency on information sharing and constant communication is substantially increasing the rental adoption of gensets.

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Strengthening consumer awareness and customer requirement for increased reliability and zero downtime will continue to necessitate the deployment of power rental equipment. Increasing population index and high standard of living in line with flourishing real estate sector which in turn will sway positive sway the power rental market outlook. Surging infrastructural investments along with robust development of manufacturing facilities will propel the business outlook. The government schemes & funding toward the development of industrial facilities will foster the deployment of these units.

Power Rental Market Report Attributes
Report Attribute	Details
Base Year:	2023
Power Rental Market Size in 2023:	USD 16.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.3%
2032 Value Projection:	USD 24.8 Billion
Historical Data for:	2019 to 2023
No. of Pages:	520
Tables, Charts & Figures:	812
Segments covered:	Power Rating, Fuel, End Use, Application
Growth Drivers:	North America Increasing intensity & frequency of weather-related disasters Escalating data center outage costs Growing demand for uninterrupted power supply Europe Flourishing the real estate sector Expansion of the data center industry Favorable regulatory policies to boost investment Asia Pacific Rapid industrialization & infrastructure development Burgeoning expansion in the telecom & construction sector Africa Unreliable grid infrastructure coupled with rapid population growth Ongoing construction boom
Pitfalls & Challenges:	Stringent government regulations toward diesel-based equipment Shifting trends toward renewable power generation

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of power rental crossed USD 16.9 billion in 2023 and is expected to depict over 4.3% CAGR between 2024 and 2032, due to growing prevalence of natural disasters.

The data center end use segment is anticipated to register over 4% growth rate through 2032, on account of the rapid expansion of data center infrastructure.

The Europe market is projected to surpass USD 2 billion by 2032, owing to growing digital infrastructure in the region.

Atlas Copco AB, Caterpillar, United Rentals, Inc., Cummins Inc., Aggreko, Generac Power Systems, Inc., and KOHLER-SDMO are some of the companies operating in the industry.