United States Power Rental Market Growth, Share, Trends, and Report 2023-2028

 IMARC Group, a leading market research company, has recently released a report titled “United States Power Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States power rental market demand, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the United States’ power rental market?

The United States power rental market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2022, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

Request to Get the Sample Report: https://www.imarcgroup.com/united-states-power-rental-market/requestsample

What is power rental?

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. These tools can be used in numerous stages, ranging from power plant pre-commissioning actions to construction and site development movements. In the United States, most end users are adopting rental services, owing to the increasing awareness of several monetary benefits and various functional advantages provided by these solutions.



Market Trends and Drivers:

The escalating demand for continuous and uninterrupted energy supply in numerous essential sectors, such as nuclear power plants, data centers, hospitals, and commercial establishments, is primarily driving the United States power rental market. Furthermore, the implementation of strict government regulations to control emissions and the introduction of eco-friendly solutions are also augmenting the market growth. Apart from this, service providers are now offering renewable power equipment to the masses, on account of the increasing concerns about global warming, which is positively influencing the market growth across the country.

Moreover, the rising requirement for scalable rental tools to overcome the problems associated with voltage sags, swells, and energy outages is further bolstering the market growth. Besides this, the widespread adoption of these power systems enables individuals to obtain equipment according to their needs in a cost-effective manner, which is acting as another significant growth-inducing factor.

Additionally, the elevating demand for natural gas-based energy generators and the increasing deployment of renewables as an alternative power source to reduce carbon emissions are expected to drive the United States power rental market in the coming years.

Explore Full Report Description At: https://www.imarcgroup.com/united-states-power-rental-market

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Fuel Type:

  • Diesel
  • Natural Gas
  • Others

Breakup by Equipment Type:

  • Generator
  • Transformer
  • Load Bank
  • 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

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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