Product ID: SQMIG55A2030
Global Power Rental Market Size, Share, Growth Analysis, By Power rating(Below 75 kVA, 75-375 kVA), By Fuel type(Gas, Diesel), By Application(Continuous load, Standby load), By End user(Mining, Construction) - Industry Forecast 2024-2031
Report ID:
SQMIG55A2030 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Global Power Rental Market Dynamics
Power Rental Market Driver
Increasing Demand for Continuous and Reliable Power Supply
- According to the Energy Information Administration's (EIA) International Energy Outlook 2021, global power demand is predicted to rise by 1.4 percent per year on average until 2040. Non-OECD countries such as China and India are likely to contribute significantly to growth. However, as a result of COVID-19 and the resulting economic crisis, short-term power consumption in 2020 fell by 5%.
- Developing countries experience power blackouts and power outages, while power issues developed countries pertain to brownouts and voltage swings.
Power Rental Market Restraints
Generators are Subject to Severe Regulatory Controls
- Diesel generators are utilised for a variety of purposes, particularly those with power outputs more than 50 kW. Diesel combustion produces nitrogen oxides, carbon monoxide, and particulate matter.
- These emissions are immediately emitted into the atmosphere and harm both ecosystem and the people who live there. Several laws have been put in place all around the world to limit air and noise pollution caused by generator sets. With growing environmental concerns, each country has developed its own set of air pollution legislation and policies.
Global Power Rental Market Report Snapshots
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