Home Rental industry Electricity Rental Market in the Americas to Grow $ 873.83 Million |...

Electricity Rental Market in the Americas to Grow $ 873.83 Million | Aggreko Plc, APR Energy, Ashtead Group Plc and Atlas Copco AB emerging as dominant players

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NEW YORK, January 6, 2022 / PRNewswire / – Electricity Rental Market in America Facts at a Glance-

Compelling Opportunities in the Americas Electricity Rental Market by Product and End User – Forecast and Analysis 2021-2025

  • Total Pages: 120

  • Companies: 10+ – Including Aggreko Plc, APR Energy, Ashtead Group Plc, Atlas Copco AB, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Herc Rentals Inc., Siemens AG and United Rentals Inc.

  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape; COVID impact and recovery analysis

  • Segments: Product (diesel generators and gas generators) and End user (utilities sector, oil and gas sector, industrial sector and others).

  • Geographies: North America and South America

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According to the recent Technavio market study, the Electricity rental market in America should increase by $ 873.83 million from 2020 to 2025. However, the market growth dynamics are expected to slow to a CAGR of 5.34% during the forecast period. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

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Supplier Information-

The electricity rental market is fragmented due to the presence of many regional and global players. To be competitive in the market, suppliers focus on introducing differentiated products at competitive prices.

Aggreko Plc: The company offers generators and power turbines for hire. It offers diesel and natural gas generators for planned and emergency applications.

APR Energy: The company provides rental generators and mobile gas turbine power plants.

Ashtead Group Plc: The company offers power generation equipment such as turbines and generators for hire.

Atlas Copco AB: The company offers mobile diesel generators for hire.

Caterpillar Inc .: The company offers generators ranging from 20 to 2,000 kilowatts of electricity for hire.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Latest drivers and trends driving the market –

Legacy mines operating in the Americas have a high demand for rental electricity because they had limited resources during their development and operation. In addition, the integration of new equipment in these mines has further increased the need for an uninterrupted power supply. These factors have increased the demand for temporary power solutions as they offer the flexibility of a scalable power supply, based on power requirements over short periods of time. With the growth of the mining industry, the demand for such power rental solutions is expected to increase and thus drive the market growth.

Growing concerns about emissions from power plants have led to the demand for efficient power generation solutions that consume less fuel and also emit less greenhouse gases. This has increased the adoption of gas generators as they help lower emissions and generate more electricity. Adopting these generators enables market vendors to lower total cost of ownership, improve operational efficiency, and realize greater profits. This trend is expected to positively impact the growth of the market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:

Mobile Power Generation Equipment Rental Market by Product and Geography – Forecast and Analysis 2021-2025

Oil and Gas Industry Generator Rental Market by Product, Application and Geographic Forecast and Analysis 2021-2025

Electricity Rental Market in the Reach of the Americas

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Deceleration to a CAGR of 5.34%

Market growth 2021-2025

$ 873.83 million

Market structure

Fragmented

Annual growth (%)

5.93

Regional analysis

Americas and rest of the Americas

Efficient contribution to the market

Americas 100%

Main consumer countries

Americas

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Aggreko Plc, APR Energy, Ashtead Group Plc, Atlas Copco AB, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Herc Rentals Inc., Siemens AG and United Rentals Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio