A comprehensive overview of the Generator Rental market is recently added by UnivDatos Market Insights to its humongous database. The Generator Rental market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Generator Rental market. The Generator Rental market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Generator Rental market at the global and regional levels. Generator Rental market is expected to grow at a CAGR of XX% from 2021-2027 to exceed US$ XX million by 2027.

Market Overview  

Rental Companies are growing at a significant pace as new companies are entering the market and the idea of renting consumer products and electronics is becoming less alien to all. 2020 saw a rise in several new North American players. According to IRN (International Rental News Magazine) the top 100 rental companies had a combined turnover of US$ 62.99 billion (€53.2 billion), which is a 10% like-for-like increase from the year before. Additionally, the top 50 company listing reached a staggering 799,179 units in 2019 as compared to 691,465 units in 2018. The global rental market is growing significantly especially in Asia. The 2019, Access50 list saw many new company entries particularly from China.

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COVID-19 Impact

The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Generator Rental industry also saw a slowdown during the pandemic as the industries were shut and production of affected. According to International Energy Agency (IEA), the energy demand decline in 2020 is the largest in the last 70 years. As compared to 2019, the global energy demand in 2020 declined by 6% which is a 7 times greater fall than the 2009 financial crisis. From 2015-2019, the mean electricity generation of 16 European countries dropped 9% (25 GW) in April 2020. The decrease in power generation also decreased the number of generator rentals.

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Generator Rental market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Power Rating, the market is primarily segmented into

  • Below 75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • Above 750 kVA

Amongst Power Rating, the Above 750 kVA segment of the Generator Rental market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 and is growing at a CAGR of XX% from 2021-2027.

By Fuel Type, the market is primarily segmented into

  • Diesel
  • Gas
  • Others

Amongst Fuel Type, Diesel segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period.

By Application, the market is primarily segmented into

  • Continuous Load
  • Standby Load
  • Peak Load

Amongst Application, the Continuous Load segment of the Generator Rental market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 and is growing at a CAGR of XX% from 2021-2027.

By End-User, the market is primarily segmented into

  • Mining
  • Construction
  • Manufacturing
  • Utility
  • Events
  • Oil & Gas
  • Others

Amongst End-User, Mining segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period.

Generator Rental Market Geographical Segmentation Includes:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Based on the estimation, the Asia Pacific region dominated the Generator Rental market with almost XX% revenue share in 2020 and saw the highest CAGR of XX% in the forecast period due to growth in industrialization.

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The major players targeting the market includes

  • Caterpillar
  • Cummins Inc.
  • HIMOINSA
  • AKSA POWER GENERATION
  • Aggreko plc.
  • United Rentals, Inc.
  • APR Energy
  • AGCO Corporation
  • Herc Rentals Inc.
  • Ashtead Group plc. Wartsila

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Generator Rental market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the Generator Rental market?
  • Which factors are influencing the Generator Rental market over the forecast period?
  • What are the global challenges, threats, and risks in the Generator Rental market?
  • Which factors are propelling and restraining the Generator Rental market?
  • What are the demanding global regions of the Generator Rental market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Tags: Generator Rental Market, Generator Rental Market Share, Generator Rental Market Size, Generator Rental Market trend

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