United States Power Rental Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Power Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The United States power rental market exhibited moderate growth during 2014-2019. Power rental refers to a service that provides temporary power equipment for heavy industrial construction, oil and gas exploration activities, mine excavation, and big infrastructure projects. This equipment can be used in various stages, ranging from power plant pre-commissioning activities to construction and site development activities. In the United States, most end users are adopting power rental services due to the increasing awareness of numerous monetary benefits, along with various functional advantages provided by these solutions.

The United States power rental market is primarily driven by the growing need for continuous and uninterrupted power supply for several critical application areas, including nuclear power plants, data centers, hospitals and commercial establishments. The implementation of stringent governmental regulations for emission control and the introduction of green power rental solutions have also positively impacted the market growth. Besides this, with the rising concerns about global warming, service providers are offering renewable power equipment to end users. For instance, Tesla, Inc., a US-based automotive and energy company, has recently launched a solar rental program for six states across the United States - New Mexico, Massachusetts, California, New Jersey, Connecticut and Arizona. Looking forward, IMARC Group expects the United States power rental market to continue its moderate growth during the forecast period (2020-2025).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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, equipment type, fuel type, power rating, application and end use industry.

Breakup by Equipment Type:

Generator
Transformer
Load Bank
Others

Breakup by Fuel Type:

Diesel
Natural Gas
Others

Breakup by Power Rating:

Up to 50 kW
51 –500 kW
501 –2,500 kW
Above 2,500 kW

Breakup by Application:

Peak Shaving
Standby Power
Base Load/Continuous Power

Breakup by End Use Industry:

Utilities
Oil & Gas
Events
Construction
Mining
Data Centers
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States power rental market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States power rental market?
What are the key regional markets?
What is the breakup of the market based on the fuel type?
What is the breakup of the market based on the equipment type?
What is the breakup of the market based on the power rating?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States power rental market and who are the key players?
What is the degree of competition in the industry?