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The Europe power rental market exhibited moderate growth during 2014-2019. Power rental is the process of renting power plants or generators for temporarily supplying energy to industrial sites. It includes various scalable components that are installed in power stations and deliver different power functioning equipment. Power rental is reliable, flexible, speed, and cost-effective in nature and helps businesses cope with brief power outages. It also stabilizes the utility of power grids while providing additional energy to industries and supporting communities. As a result, power rental finds extensive applications across various sectors such as construction, mining, and oil and gas.
The Europe power rental market is primarily driven by the expanding IT sector, along with the growing number of data centers. Additionally, unreliable supply of power from the local grid or limited access to the main transmission network in the developing regions in Europe has led to a shortage of electricity. As a result, there is a high demand for power rental solutions in these countries. Moreover, several utility companies are rapidly adopting power rental solutions during the peak demand period to meet the deficit. Looking forward, IMARC Group expects the Europe power rental market to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe power rental market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, fuel type, equipment type, power rating, application and end use industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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