Product ID: SQMIG55A2030
Report ID:
SQMIG55A2030 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Power Rental Market size was valued at USD 9.28 billion in 2019 and is poised to grow from USD 9.8 billion in 2023 to USD 16 billion by 2031, growing at a CAGR of 5.60% in the forecast period (2024-2031).
The global power rental market is expected to expand due to the rapid development of industrial sector and the increasing demand for an uninterrupted and stable power supply. The rising demand for dependable power supply, as well as global industrialisation, are driving market growth. The expanding usage of rental generators in the utility and industrial industries has been fuelled by the insecurity of power supply provided by small-scale power grids and limited access to the main transmission network. North America and Asia Pacific are expected to be the leading investor in the oil and gas business during the forecast period, implying a growth in infrastructure and an increase in the consumption of generator services. The rising demand for dependable electricity supply, as well as global industrialisation, are propelling the sector forward.
US Power Rental Market is poised to grow at a sustainable CAGR for the next forcast year.
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REQUEST FREE CUSTOMIZATIONPower Rental Market size was valued at USD 9.28 billion in 2019 and is poised to grow from USD 9.8 billion in 2023 to USD 16 billion by 2031, growing at a CAGR of 5.60% in the forecast period (2024-2031).
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Product ID: SQMIG55A2030