Power rental market is anticipated to grow at a CAGR of 6.5% during the forecast period (2025-2031). The power Rental or power hiring market comprises renting power equipment over purchase due to initial cost-benefit and low to no maintenance cost. Most industries prefer to rent power equipment due to flexibility in power rating, lack of power grid infrastructure, and high availability of rental equipment, specifically the mining industry based on their remote location of servicing. Other utilities include fulfilling demand on peak power load, temporary power requirement, weak power supply, generator maintenance, and others.
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The sector remains the biggest consumer of power rental services attributed to the remote location of servicing and lack of constant power supply. Whereas, the industry has substantially grown in developing economies contributed by increased infrastructure development, urbanization, industrial production, and rising demand by the power and cement sector. For instance, according to IBEF India, important minerals showed positive growth during September 2023 over September 2022 including Manganese Ore (51.5%), Gold (22.8%), Iron Ore (17%), Coal (16%), Limestone (13.7%), Natural gas (U) (6.6%), Lignite (6.2%) Bauxite (3.5%), Zinc Conc. (1.6%), Chromite (1.6%), Copper Conc. (0.2%). Also, in the budget 2023-24, capital investment outlay for infrastructure was increased by 33.0% to $122.0 billion, which would be 3.3% of GDP. The infrastructure finance secretariat was established to enhance opportunities for private investment in infrastructure that will assist all stakeholders in more private investment in infrastructure.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Power Rental Market Report Segment
By End User
- Telecom And Data Center
- Oil & Gas
- Utilities
- Manufacturing
- Mining And Construction
- Others (Offshore, Healthcare, Marine)
By Power Rating
- UP TO 50 kw
- 51 –500 kw
- 501 –2,500 kw
- Above 2,500 kw
By Fuel
- Diesel
- Gas
By Application
- Standby
- Peak Shaving
- Prime/Continuous
Global Power Rental Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power rental market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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