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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).
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:
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Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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