Research Nester has released a report titled “United States (US) Power Rental Market – Demand Analysis & Opportunity Outlook 2025” which delivers detailed overview of the United States power rental market in terms of market segmentation by end use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The US power rental market is segmented by end use into oil & gas, construction, telecom, manufacturing, mining industry and others, out of which, the construction segment registered the largest market share of 32.61% in the year 2019 on the back of the growing development in the construction industry where the daily activities requiring higher electric power supply has increased significantly. Additionally, increasing requirement of adequate lighting services for running construction work without any interruptions and the increasing demand for diesel and natural gas generators in the railway construction business, roadways construction, building constructions, and others, are some of the additional factors anticipated to drive the growth of the construction segment in the United States power rental market. The construction segment registered a value of USD 2684.12 million in the year 2019 and is further anticipated to grow by 1.4x and gain an absolute $ opportunity of USD 965.3 million during the forecast period.
The United States (US) power rental market is anticipated to achieve a CAGR of 5.98% during the forecast period, i.e. 2020-2025. Increasing demand for power supply across the major end-user industries, including oil & gas, mining, manufacturing, construction, and related industries, growing power cuts on account of aging infrastructures and limited access to the power supply in the rural areas and remote locations in the U.S. are some of the major factors anticipated to promote towards the growth of the United States (US) power rental market. The market is anticipated to reach a value of USD 9900.69 million in the year 2025 from a value of USD 8230.0 million in the year 2019 and gain an absolute $ opportunity of USD 2493.69 million during the forecast period.
Rapidly Growing Energy & Uninterrupted Power Supply Needs
The demand for generators has significantly increased in the United States over the years on the back of growing need for uninterrupted and reliable power supply to provide power backup in industrial buildings, data centers, and during emergencies. Increasing power demand from commercial and industrial sectors in the nation, coupled with the rapid development in the US infrastructure, aging grid infrastructure, and an increase in natural calamities in the country in the form of hurricanes that hampers power usage, are some of the factors anticipated to drive the market growth. Additionally, the increasing demand for power rental services from the end user industries, such as construction and oil & gas industry are anticipated to additionally drive the market growth.
However, concerns for the stringent government regulations, especially by the environmental agencies, such as the U.S. Environmental Protection Agency (EPA), that regulate the amount of carbon emitted into the atmosphere by generators, is anticipated to hamper the growth of the United States power rental market during the forecast period.
This report also provides the existing competitive scenario of the United States (US) power rental market, which includes company profiling of Caterpillar Inc. (NYSE: CAT), Cummins Inc. (NYSE: CMI), Atlas Copco Group (STO: ATCO-A), United Rentals, Inc. (NYSE: URI), APR Energy, Ingersoll-Rand plc, Briggs & Stratton Corporation (OTCMKTS: BGGSQ), Generac Power Systems, Inc. and Yamaha Corporation (TYO: 7951). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the United States (US) power rental market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.