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The Power Rental Market Size will be valued at USD 16.4 billion by 2031, and it was valued at USD 10.3 billion in 2023, and grow at a CAGR of 6.0% over the forecast period 2024-2031.
The power rental market is experiencing a surge, driven by several key factors. the increasing demand for reliable power in developing economies with growing infrastructure projects and increasing demand for reliable power present a significant opportunity for the power rental market.
As these countries undergo rapid urbanization and industrialization, their need for dependable electricity to support growth is immense Beyond just emerging economies, established industries like construction and oil & gas also rely on temporary power solutions for maintenance or fluctuating needs, further fueling market expansion. The flexibility and cost-effectiveness of renting power equipment compared to purchasing it outright makes this a particularly attractive option for businesses. Also, integrating renewables reduces dependence on fossil fuels and the traditional grid, making power rental solutions more resilient. Example: During a natural disaster that disrupts the power grid, a hybrid rental solution with solar or wind power could still provide essential temporary power.
| Report Attributes | Details |
|---|---|
| Key Segments | • By Fuel Type (Diesel, Natural Gas, Other Fuel Type) • By Equipment (Generators, Transformers, Load Banks) • By Power rating (Up to 50 kW, 51- 500 kW, 501-2000 kW, Above 2500 kW) • By Application (Peak Shaving, Standby Power, Base load/continuous power) • By Rental type (Project Rental, Retail Rental) • By End User (Utilities, Manufacturing, Construction, Oil & gas, Mining & metals, IT & Data centers, Corporate & Retail, Events, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other. |
KEY DRIVERS:
Increasing Focus on Renewable Energy Integration
Growing Demand for Temporary Power
Construction sites Concerts, festivals, and outdoor events often require temporary power for lighting, tools, sound systems and equipment. Power outages caused by natural disasters or grid failures create a need for rental generators to maintain critical operations in homes, businesses, and infrastructure.
Example: During Hurricane Ian in 2022, the demand for rental generators skyrocketed in affected areas to power homes and businesses left without electricity.
RESTRAINTS:
Permitting Requirements for operating generators in certain locations can be a time-consuming and complex process.
Stringent government regulations curb the market growth
Stringent government regulations related to generators can curb the market in several ways. Emissions and environmental regulations can create additional costs and requirements for rental companies, especially for older or less efficient generator models. Compliance with these regulations may require investments to upgrade equipment, modernize emission control technologies or implement pollution reduction measures, increasing operating costs and reducing profitability. In addition, noise emission regulations, air quality standards, and building permits may limit the use of generators in some areas or sensitive situations, such as residential areas, hospitals, and nature reserves. Following these guidelines can limit the need for rental generators.
OPPORTUNITIES:
The power rental market is discovering a golden opportunity at the intersection of temporary power needs and the growing adoption of renewable energy.
Renewable energy sources are becoming increasingly cost-effective, making them a viable alternative to traditional diesel generators. The cost of solar panels has dropped by 89%. This trend makes solar power integration more attractive for rental companies. also, integrating renewables aligns with the global push for sustainable energy solutions, reducing reliance on fossil fuels and minimizing carbon emissions. Rental companies can offer clients hybrid power solutions that combine the benefits of clean energy with the reliability and flexibility of generators.
Example: A construction site could utilize solar panels during the day to power equipment, reducing fuel consumption and emissions from generators, which would then provide backup power at night or during peak demand periods.
CHALLENGES:
Increased Costs for Rental Companies and Operating Expenses
Higher fuel prices lead to a significant rise in operating expenses for companies running diesel or gas generators. This strain on profitability can have a ripple effect. As rental rates rise due to fuel costs, price-sensitive customers might be more likely to postpone non-essential projects requiring temporary power or seek alternative solutions. In a competitive market, companies might hesitate to raise rates excessively to avoid losing customers to competitors. so, Companies need to find innovative strategies to manage costs, explore alternative fuel sources, and potentially offer hybrid solutions to remain competitive and adapt to the changing energy landscape.
Sanctions imposed on Russia have disrupted the flow of critical components needed for generator manufacturing. This can lead to shortages of rental generators, impacting companies' ability to fulfil customer needs. A report by The Business Times in Singapore highlights concerns about potential generator shortages due to supply chain disruptions caused by the war. the war has caused significant volatility in global energy prices, leading to a sharp rise in fuel costs for diesel and gas generators. This significantly increases operating expenses for rental companies. The International Energy Agency (IEA) reported a 70% increase in global natural gas prices between January and March 2022, highlighting the war's impact on energy costs. However, the war has created a critical need for temporary power solutions in Ukraine and surrounding areas to support reconstruction efforts and maintain essential services in war-torn regions. A news report by Reuters mentions a surge in demand for generators in Ukraine as people seek backup power due to damaged infrastructure.
Businesses become more cautious during economic downturns, often postponing or cancelling non-essential projects that rely on temporary power, like construction or infrastructure upgrades. According to a report by Dodge Data & Analytics, construction spending in the US declined by 2.4% in Q1 2023 compared to the previous quarter. This trend indicates a potential slowdown in projects requiring rental generators. The construction sector, particularly non-essential segments like hospitality or retail development, might see a significant decline in demand for rental generators. Events with temporary power needs, like concerts or festivals, might be scaled back or cancelled due to reduced consumer spending and tighter corporate budgets. Overall, an economic slowdown presents challenges for the power rental market. Reduced demand, particularly in non-essential sectors, and increased competition can put pressure on rental rates and profitability. However, the need for temporary power in essential services can offer some stability during these times.
By Fuel Type
Diesel
Natural gas
Other Fuel Type
By Equipment
Generators
Transformers
Load Banks
Other Equipment
Generators form the backbone of the power rental market. They offer reliable temporary power for various Rental Types, with capacities ranging from small portable units to powerful industrial generators. The diesel generator segment held the largest share of the global power rental market in 2022, highlighting the dominance of generators.
Transformers play a crucial role in voltage regulation and distribution within temporary power setups. They ensure that the rented power source delivers electricity at the appropriate voltage for the connected equipment. and Switchgear equipment provides protection and control functionalities within temporary power systems. They allow for safe and efficient power distribution and can include circuit breakers, fuses, and switches.
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By Power Rating
Up to 50 kW
51-500 kW
501-2500 kW
Above 2500 kW
By Application
Peak Shaving
Standby Power
Base load/continuous power
By Rental Type
Project Rental
Retail Rental
The Retail Rental segment is expected to be the largest market by rental type during the forecast period 2024-2031. According to the rental type, the electrical rental market is divided into retail and project rental. The retail segment is expected to be the largest in the market as developed markets such as North America and Europe have relatively smaller customer requirements, short-term but often complex projects and key events. As a result, several key companies are focused on providing leasing solutions for electricity, heating and cooling. For example, Aggreko Oyj provided on-site electricity, cooling and heating for more than 100 tents and facilities, including grandstands, catering and hospitality, giant video screens, function buildings, PGA Championship golf shop, international pavilion and opening and closing ceremonies. Ceremonies Therefore, there is a growing demand for retail rental services that provide continuous power supply during peak hours and blackouts.
By End User
Utilities
Manufacturing
Construction
Oil & gas
Mining & metals
IT & Data Centers
Corporate & Retail
Events
Others
Based on End-User the Utilities segment is expected to be the largest in the market. Utilities play a key role in the generation, transmission and distribution of electricity, providing electricity to residential, commercial and industrial customers. Electric utilities often require temporary or supplemental power solutions to support maintenance operations, network upgrades, peak demand and emergency response. Power rental services offer power companies a flexible and cost-effective way to obtain additional power capacity during these times, which ensures uninterrupted service to customers and maintains grid stability.
North America is emerging as the largest region in the Power rental market. North America has a mature and established economy and a high level of industrialization, urbanization and infrastructure development. Due to factors such as increased investment in the oil and gas, construction, and mining industries, North America is likely to continue to lead the energy rental market during the forecast period. The fastest expanding markets in the North American region are the United States and Canada.
Due to the rapid expansion of commercial spaces such as supermarkets, hotels, and department stores, Asia-Pacific has a big share, which has raised the demand for reliable electricity and hence the usage of rental facilities. Due to increased government spending on public institutions, Southeast Asian countries such as Thailand and Indonesia are experiencing the expansion of commercial infrastructure. Furthermore, rapid digitalization in line with the current Industrial Revolution 4.0 is projected to have a significant impact on the industry's expansion.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The key players in Global Power rental Market are Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other.
In May 12, 2024: Aggreko, a leading global provider of rental power and temperature control solutions, announced a collaboration with sonnen, a German battery storage manufacturer. This partnership aims to integrate sonnen's battery storage technology with Aggreko's rental generators, offering customers hybrid power solutions that combine the reliability of generators with the clean energy benefits of battery storage.
In March 21, 2024: Caterpillar, a major manufacturer of power generation equipment, unveiled its new Cat® Microgrid Container solution. This pre-configured containerized power system combines generators, solar panels, and battery storage, offering a compact and scalable solution for temporary or remote power needs
In April 19, 2024: United Rentals, a major equipment rental company in North America, announced an investment in electric vehicle (EV) charging infrastructure. The company plans to expand its rental fleet to include EV chargers, catering to the growing demand for temporary power solutions for construction sites and events supporting electric vehicles
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 10.3 Billion |
| Market Size by 2031 | US$ 16.4 Billion |
| CAGR | CAGR of 6.0 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Drivers | • Increasing Demand for a continuous and reliable power source. |
| RESTRAINTS | • Generator-related government regulations. |
Ans. The Power rental Market size was valued at 10.3 billion in 2023 at a CAGR of 6.0%.
Ans. Increasing Demand for a continuous and reliable power source is driving the Power rental Market.
The key players in Global Power rental Market are Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenge
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Power Rental Market Segmentation, By Fuel Type
9.1 Introduction
9.2 Trend Analysis
9.3 Diesel
9.4 Natural Gas
9.5 Other Fuel Type
10. Power Rental Market Segmentation, By Equipment
10.1 Introduction
10.2 Trend Analysis
10.3 Generators
10.4 Transformers
10.5 Load Banks
10.6 Other Equipment
11. Power Rental Market Segmentation, By Power Rating
11.1 Introduction
11.2 Trend Analysis
11.3 Up to 50 kW
11.4 51- 500 kW
11.5 501-2000 kW
11.6 Above 2500 kW
12. Power Rental Market Segmentation, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Peak Shaving
12.4 Standby Power
12.5 Base load/continuous power
13. Power Rental Market Segmentation, By Rental Type
13.2 Introduction
13.3 Trend Analysis
13.3 Project Rental
13.4 Retail Rental
14. Power Rental Market Segmentation, By End-User
14.2 Introduction
14.2 Trend Analysis
14.3 Utilities
14.4 Manufacturing
14.5 Construction
14.6 Oil & gas
14.7 Mining & metals
14.8 IT & Data centers
14.9 Corporate & Retail
14.10 Events
14.11 Others
15. Regional Analysis
15.1 Introduction
15.2 North America
15.2.1 Trend Analysis
15.2.2 North America Power Rental Market By Country
15.2.3 North America Power Rental Market By Fuel Type
15.2.4 North America Power Rental Market By Equipment
15.2.5 North America Power Rental Market By Power Rating
15.2.6 North America Power Rental Market, Application
15.2.7 North America Power Rental Market, By Rental Type
15.2.8 North America Power Rental Market, By End -User
15.2.9 USA
15.2.9.1 USA Power Rental Market By Fuel Type
15.2.9.2 USA Power Rental Market By Equipment
15.2.9.3 USA Power Rental Market By Power Rating
15.2.9.4 USA Power Rental Market, Application
15.2.9.5 USA Power Rental Market, By Rental Type
15.2.9.6 USA Power Rental Market, By End -User
15.2.10 Canada
15.2.10.1 Canada Power Rental Market By Fuel Type
15.2.10.2 Canada Power Rental Market By Equipment
15.2.10.3 Canada Power Rental Market By Power Rating
15.2.10.4 Canada Power Rental Market, Application
15.2.10.5 Canada Power Rental Market, By Rental Type
15.2.10.6 Canada Power Rental Market, By End -User
15.2.11 Mexico
15.2.11.1 Mexico Power Rental Market By Fuel Type
15.2.11.2 Mexico Power Rental Market By Equipment
15.2.11.3 Mexico Power Rental Market By Power Rating
15.2.11.4 Mexico Power Rental Market, Application
15.2.11.5 Mexico Power Rental Market, By Rental Type
15.2.11.6 Mexico Power Rental Market, By End -User
15.3 Europe
15.3.1 Trend Analysis
15.3.2 Eastern Europe
15.3.2.1 Eastern Europe Power Rental Market By Country
15.3.2.2 Eastern Europe Power Rental Market By Fuel Type
15.3.2.3 Eastern Europe Power Rental Market By Equipment
15.3.2.4 Eastern Europe Power Rental Market By Power Rating
15.3.2.5 Eastern Europe Power Rental Market Application
15.3.2.6 Eastern Europe Power Rental Market, By Rental Type
15.3.2.7 Eastern Europe Power Rental Market, By End -User
15.3.2.8 Poland
15.3.2.8.1 Poland Power Rental Market By Fuel Type
15.3.2.8.2 Poland Power Rental Market By Equipment
15.3.2.8.3 Poland Power Rental Market By Power Rating
15.3.2.8.4 Poland Power Rental Market Application
15.3.2.8.5 Poland Power Rental Market, By Rental Type
15.3.2.8.6 Poland Power Rental Market, By End -User
15.3.2.9 Romania
15.3.2.9.1 Romania Power Rental Market By Fuel Type
15.3.2.9.2 Romania Power Rental Market By Equipment
15.3.2.9.3 Romania Power Rental Market By Power Rating
15.3.2.9.4 Romania Power Rental Market Application
15.3.2.9.5 Romania Power Rental Market, By Rental Type
15.3.2.9.6 Romania Power Rental Market, By End -User
15.3.2.10 Hungary
15.3.2.10.1 Hungary Power Rental Market By Fuel Type
15.3.2.10.2 Hungary Power Rental Market By Equipment
15.3.2.10.3 Hungary Power Rental Market By Power Rating
15.3.2.10.4 Hungary Power Rental Market Application
15.3.2.10.5 Hungary Power Rental Market, By Rental Type
15.3.2.10.6 Hungary Power Rental Market, By End -User
15.3.2.11 Turkey
15.3.2.11.1 Turkey Power Rental Market By Fuel Type
15.3.2.11.2 Turkey Power Rental Market By Equipment
15.3.2.11.3 Turkey Power Rental Market By Power Rating
15.3.2.11.4 Turkey Power Rental Market Application
15.3.2.11.5 Turkey Power Rental Market, By Rental Type
15.3.2.11.6 Turkey Power Rental Market, By End -User
15.3.2.12 Rest of Eastern Europe
15.3.2.12.1 Rest of Eastern Europe Power Rental Market By Fuel Type
15.3.2.12.2 Rest of Eastern Europe Power Rental Market By Equipment
15.3.2.12.3 Rest of Eastern Europe Power Rental Market By Power Rating
15.3.2.12.4 Rest of Eastern Europe Power Rental Market Application
15.3.2.12.5 Rest of Eastern Europe Power Rental Market, By Rental Type
15.3.2.12.6 Rest of Eastern Europe Power Rental Market, By End -User
15.3.3 Western Europe
15.3.3.1 Western Europe Power Rental Market By Country
15.3.3.2 Western Europe Power Rental Market By Fuel Type
15.3.3.3 Western Europe Power Rental Market By Equipment
15.3.3.4 Western Europe Power Rental Market By Power Rating
15.3.3.5 Western Europe Power Rental Market Application
15.3.3.6 Western Europe Power Rental Market, By Rental Type
15.3.3.7 Western Europe Power Rental Market, By End -User
15.3.3.8 Germany
15.3.3.8.1 Germany Power Rental Market By Fuel Type
15.3.3.8.2 Germany Power Rental Market By Equipment
15.3.3.8.3 Germany Power Rental Market By Power Rating
15.3.3.8.4 Germany Power Rental Market Application
15.3.3.8.5 Germany Power Rental Market, By Rental Type
15.3.3.8.6 Germany Power Rental Market, By End -User
15.3.3.9 France
15.3.3.9.1 France Power Rental Market By Fuel Type
15.3.3.9.2 France Power Rental Market By Equipment
15.3.3.9.3 France Power Rental Market By Power Rating
15.3.3.9.4 France Power Rental Market Application
15.3.3.9.5 France Power Rental Market, By Rental Type
15.3.3.9.6 France Power Rental Market, By End -User
15.3.3.10 UK
15.3.3.10.1 UK Power Rental Market By Fuel Type
15.3.3.10.2 UK Power Rental Market By Equipment
15.3.3.10.3 UK Power Rental Market By Power Rating
15.3.3.10.4 UK Power Rental Market Application
15.3.3.10.5 UK Power Rental Market, By Rental Type
15.3.3.10.6 UK Power Rental Market, By End -User
15.3.3.11 Italy
15.3.3.11.1 Italy Power Rental Market By Fuel Type
15.3.3.11.2 Italy Power Rental Market By Equipment
15.3.3.11.3 Italy Power Rental Market By Power Rating
15.3.3.11.4 Italy Power Rental Market Application
15.3.3.11.5 Italy Power Rental Market, By Rental Type
15.3.3.11.6 Italy Power Rental Market, By End -User
15.3.3.12 Spain
15.3.3.12.1 Spain Power Rental Market By Fuel Type
15.3.3.12.2 Spain Power Rental Market By Equipment
15.3.3.12.3 Spain Power Rental Market By Power Rating
15.3.3.12.4 Spain Power Rental Market Application
15.3.3.12.5 Spain Power Rental Market, By Rental Type
15.3.3.12.6 Spain Power Rental Market, By End -User
15.3.3.13 Netherlands
15.3.3.13.1 Netherlands Power Rental Market By Fuel Type
15.3.3.13.2 Netherlands Power Rental Market By Equipment
15.3.3.13.3 Netherlands Power Rental Market By Power Rating
15.3.3.13.4 Netherlands Power Rental Market Application
15.3.3.13.5 Netherlands Power Rental Market, By Rental Type
15.3.3.13.6 Netherlands Power Rental Market, By End -User
15.3.3.14 Switzerland
15.3.3.14.1 Switzerland Power Rental Market By Fuel Type
15.3.3.14.2 Switzerland Power Rental Market By Equipment
15.3.3.14.3 Switzerland Power Rental Market By Power Rating
15.3.3.14.4 Switzerland Power Rental Market Application
15.3.3.14.5 Switzerland Power Rental Market, By Rental Type
15.3.3.14.6 Switzerland Power Rental Market, By End-User
15.3.3.15 Austria
15.3.3.15.1 Austria Power Rental Market By Fuel Type
15.3.3.15.2 Austria Power Rental Market By Equipment
15.3.3.15.3 Austria Power Rental Market By Power Rating
15.3.3.15.4 Austria Power Rental Market Application
15.3.3.15.5 Austria Power Rental Market, By Rental Type
15.3.3.15.6 Austria Power Rental Market, By End -User
15.3.3.16 Rest of Western Europe
15.3.3.16.1 Rest of Western Europe Power Rental Market By Fuel Type
15.3.3.16.2 Rest of Western Europe Power Rental Market By Equipment
15.3.3.16.3 Rest of Western Europe Power Rental Market By Power Rating
15.3.3.16.4 Rest of Western Europe Power Rental Market Application
15.3.3.16.5 Rest of Western Europe Power Rental Market, By Rental Type
15.3.3.16.6 Rest of Western Europe Power Rental Market, By End -User
15.4 Asia-Pacific
15.4.1 Trend Analysis
15.4.2 Asia-Pacific Power Rental Market By country
15.4.3 Asia-Pacific Power Rental Market By Fuel Type
15.4.4 Asia-Pacific Power Rental Market By Equipment
15.4.5 Asia-Pacific Power Rental Market By Power Rating
15.4.6 Asia-Pacific Power Rental Market Application
15.4.7 Asia-Pacific Power Rental Market, By Rental Type
15.4.8 Asia-Pacific Power Rental Market, By End -User
15.4.9 China
15.4.9.1 China Power Rental Market By Fuel Type
15.4.9.2 China Power Rental Market By Equipment
15.4.9.3 China Power Rental Market By Power Rating
15.4.9.4 China Power Rental Market Application
15.4.9.5 China Power Rental Market, By Rental Type
15.4.9.6 China Power Rental Market, By End -User
15.4.10 India
15.4.10.1 India Power Rental Market By Fuel Type
15.4.10.2 India Power Rental Market By Equipment
15.4.10.3 India Power Rental Market By Power Rating
15.4.10.4 India Power Rental Market Application
15.4.10.5 India Power Rental Market, By Rental Type
15.4.10.6 India Power Rental Market, By End -User
15.4.11 Japan
15.4.11.1 Japan Power Rental Market By Fuel Type
15.4.11.2 Japan Power Rental Market By Equipment
15.4.11.3 Japan Power Rental Market By Power Rating
15.4.11.4 Japan Power Rental Market Application
15.4.11.5 Japan Power Rental Market, By Rental Type
15.4.11.6 Japan Power Rental Market, By End -User
15.4.12 South Korea
15.4.12.1 South Korea Power Rental Market By Fuel Type
15.4.12.2 South Korea Power Rental Market By Equipment
15.4.12.3 South Korea Power Rental Market By Power Rating
15.4.12.4 South Korea Power Rental Market Application
15.4.12.5 South Korea Power Rental Market, By Rental Type
15.4.12.6 South Korea Power Rental Market, By End -User
15.4.13 Vietnam
15.4.13.1 Vietnam Power Rental Market By Fuel Type
15.4.13.2 Vietnam Power Rental Market By Equipment
15.4.13.3 Vietnam Power Rental Market By Power Rating
15.4.13.4 Vietnam Power Rental Market Application
15.4.13.5 Vietnam Power Rental Market, By Rental Type
15.4.13.6 Vietnam Power Rental Market, By End -User
15.4.14 Singapore
15.4.14.1 Singapore Power Rental Market By Fuel Type
15.4.14.2 Singapore Power Rental Market By Equipment
15.4.14.3 Singapore Power Rental Market By Power Rating
15.4.14.4 Singapore Power Rental Market Application
15.4.14.5 Singapore Power Rental Market, By Rental Type
15.4.14.6 Singapore Power Rental Market, By End -User
15.4.15 Australia
15.4.15.1 Australia Power Rental Market By Fuel Type
15.4.15.2 Australia Power Rental Market By Equipment
15.4.15.3 Australia Power Rental Market By Power Rating
15.4.15.4 Australia Power Rental Market Application
15.4.15.5 Australia Power Rental Market, By Rental Type
15.4.15.6 Australia Power Rental Market, By End -User
15.4.16 Rest of Asia-Pacific
15.4.16.1 Rest of Asia-Pacific Power Rental Market By Fuel Type
15.4.16.2 Rest of Asia-Pacific Power Rental Market By Equipment
15.4.16.3 Rest of Asia-Pacific Power Rental Market By Power Rating
15.4.16.4 Rest of Asia-Pacific Power Rental Market Application
15.4.16.5 Rest of Asia-Pacific Power Rental Market, By Rental Type
15.4.16.6 Rest of Asia-Pacific Power Rental Market, By End -User
15.5 Middle East & Africa
15.5.1 Trend Analysis
15.5.2 Middle East
15.5.2.1 Middle East Power Rental Market By Country
15.5.2.2 Middle East Power Rental Market By Fuel Type
15.5.2.3 Middle East Power Rental Market By Equipment
15.5.2.4 Middle East Power Rental Market By Power Rating
15.5.2.5 Middle East Power Rental Market Application
15.5.2.6 Middle East Power Rental Market, By Rental Type
15.5.2.7 Middle East Power Rental Market, By End -User
15.5.2.8 UAE
15.5.2.8.1 UAE Power Rental Market By Fuel Type
15.5.2.8.2 UAE Power Rental Market By Equipment
15.5.2.8.3 UAE Power Rental Market By Power Rating
15.5.2.8.4 UAE Power Rental Market Application
15.5.2.8.5 UAE Power Rental Market, By Rental Type
15.5.2.8.6 UAE Power Rental Market, By End -User
15.5.2.9 Egypt
15.5.2.9.1 Egypt Power Rental Market By Fuel Type
15.5.2.9.2 Egypt Power Rental Market By Equipment
15.5.2.9.3 Egypt Power Rental Market By Power Rating
15.5.2.9.4 Egypt Power Rental Market Application
15.5.2.9.5 Egypt Power Rental Market, By Rental Type
15.5.2.9.6 Egypt Power Rental Market, By End -User
15.5.2.10 Saudi Arabia
15.5.2.10.1 Saudi Arabia Power Rental Market By Fuel Type
15.5.2.10.2 Saudi Arabia Power Rental Market By Equipment
15.5.2.10.3 Saudi Arabia Power Rental Market By Power Rating
15.5.2.10.4 Saudi Arabia Power Rental Market Application
15.5.2.10.5 Saudi Arabia Power Rental Market, By Rental Type
15.5.2.10.6 Saudi Arabia Power Rental Market, By End -User
15.5.2.11 Qatar
15.5.2.11.1 Qatar Power Rental Market By Fuel Type
15.5.2.11.2 Qatar Power Rental Market By Equipment
15.5.2.11.3 Qatar Power Rental Market By Power Rating
15.5.2.11.4 Qatar Power Rental Market Application
15.5.2.11.5 Qatar Power Rental Market, By Rental Type
15.5.2.11.6 Qatar Power Rental Market, By End -User
15.5.2.12 Rest of Middle East
15.5.2.12.1 Rest of Middle East Power Rental Market By Fuel Type
15.5.2.12.2 Rest of Middle East Power Rental Market By Equipment
15.5.2.12.3 Rest of Middle East Power Rental Market By Power Rating
15.5.2.12.4 Rest of Middle East Power Rental Market Application
15.5.2.12.5 Rest of Middle East Power Rental Market, By Rental Type
15.5.2.12.6 Rest of Middle East Power Rental Market, By End -User
15.5.3 Africa
15.5.3.1 Africa Power Rental Market By Country
15.5.3.2 Africa Power Rental Market By Fuel Type
15.5.3.3 Africa Power Rental Market By Equipment
15.5.3.4 Africa Power Rental Market By Power Rating
15.5.3.5 Africa Power Rental Market Application
15.5.3.6 Africa Power Rental Market, By Rental Type
15.5.3.7 Africa Power Rental Market, By End -User
15.5.3.8 Nigeria
15.5.3.8.1 Nigeria Power Rental Market By Fuel Type
15.5.3.8.2 Nigeria Power Rental Market By Equipment
15.5.3.8.3 Nigeria Power Rental Market By Power Rating
15.5.3.8.4 Nigeria Power Rental Market Application
15.5.3.8.5 Nigeria Power Rental Market, By Rental Type
15.5.3.8.6 Nigeria Power Rental Market, By End -User
15.5.3.9 South Africa
15.5.3.9.1 South Africa Power Rental Market By Fuel Type
15.5.3.9.2 South Africa Power Rental Market By Equipment
15.5.3.9.3 South Africa Power Rental Market By Power Rating
15.5.3.9.4 South Africa Power Rental Market Application
15.5.3.9.5 South Africa Power Rental Market, By Rental Type
15.5.3.9.6 South Africa Power Rental Market, By End -User
15.5.3.10 Rest of Africa
15.5.3.10.1 Rest of Africa Power Rental Market By Fuel Type
15.5.3.10.2 Rest of Africa Power Rental Market By Equipment
15.5.3.10.3 Rest of Africa Power Rental Market By Power Rating
15.5.3.10.4 Rest of Africa Power Rental Market Application
15.5.3.10.5 Rest of Africa Power Rental Market, By Rental Type
15.5.3.10.6 Rest of Africa Power Rental Market, By End -User
15.6 Latin America
15.6.1 Trend Analysis
15.6.2 Latin America Power Rental Market By country
15.6.3 Latin America Power Rental Market By Fuel Type
15.6.4 Latin America Power Rental Market By Equipment
15.6.5 Latin America Power Rental Market By Power Rating
15.6.6 Latin America Power Rental Market Application
15.6.7 Latin America Power Rental Market, By Rental Type
15.6.8 Latin America Power Rental Market, By End -User
15.6.9 Brazil
15.6.9.1 Brazil Power Rental Market By Fuel Type
15.6.9.2 Brazil Power Rental Market By Equipment
15.6.9.3 Brazil Power Rental Market By Power Rating
15.6.9.4 Brazil Power Rental Market Application
15.6.9.5 Brazil Power Rental Market, By Rental Type
15.6.9.6 Brazil Power Rental Market, By End -User
15.6.10 Argentina
15.6.10.1 Argentina Power Rental Market By Fuel Type
15.6.10.2 Argentina Power Rental Market By Equipment
15.6.10.3 Argentina Power Rental Market By Power Rating
15.6.10.4 Argentina Power Rental Market Application
15.6.10.5 Argentina Power Rental Market, By Rental Type
15.6.10.6 Argentina Power Rental Market, By End -User
15.6.11 Colombia
15.6.11.1 Colombia Power Rental Market By Fuel Type
15.6.11.2 Colombia Power Rental Market By Equipment
15.6.11.3 Colombia Power Rental Market By Power Rating
15.6.11.4 Colombia Power Rental Market Application
15.6.11.5 Colombia Power Rental Market, By Rental Type
15.6.11.6 Colombia Power Rental Market, By End-User
15.6.12 Rest of Latin America
15.6.12.1 Rest of Latin America Power Rental Market By Fuel Type
15.6.12.2 Rest of Latin America Power Rental Market By Equipment
15.6.12.3 Rest of Latin America Power Rental Market By Power Rating
15.6.12.4 Rest of Latin America Power Rental Market Application
15.6.12.5 Rest of Latin America Power Rental Market, By Rental Type
15.6.12.6 Rest of Latin America Power Rental Market, By End-User
16. Company Profiles
16.1 Herc Rentals Inc.
16.1.1 Company Overview
16.1.2 Financial
16.1.3 Products/ Services Offered
16.1.4 SWOT Analysis
16.1.5 The SNS View
16.2 Caterpillar
16.2.1 Company Overview
16.2.2 Financial
16.2.3 Products/ Services Offered
16.2.4 SWOT Analysis
16.2.5 The SNS View
16.3 Cummins Inc.
16.3.1 Company Overview
16.3.2 Financial
16.3.3 Products/ Services Offered
16.3.4 SWOT Analysis
16.3.5 The SNS View
16.4 Aggreko
16.4.1 Company Overview
16.4.2 Financial
16.4.3 Products/ Services Offered
16.4.4 SWOT Analysis
16.4.5 The SNS View
16.5 APR Energy
16.5.1 Company Overview
16.5.2 Financial
16.5.3 Products/ Services Offered
16.5.4 SWOT Analysis
16.5.5 The SNS View
16.6 United Rentals, Inc
16.6.1 Company Overview
16.6.2 Financial
16.6.3 Products/ Services Offered
16.6.4 SWOT Analysis
16.6.5 The SNS View
16.7 Ashtead Group plc
16.7.1 Company Overview
16.7.2 Financial
16.7.3 Products/ Services Offered
16.7.4 SWOT Analysis
16.7.5 The SNS View
16.8 Al Faris, Kohler Co.
16.8.1 Company Overview
16.8.2 Financial
16.8.3 Products/ Services Offered
16.8.4 SWOT Analysis
16.8.5 The SNS View
16.9 Bredenoord
16.9.1 Company Overview
16.9.2 Financial
16.9.3 Products/ Services Offered
16.9.4 SWOT Analysis
16.9.5 The SNS View
16.10 Altaaqa Global
16.10.1 Company Overview
16.10.2 Financial
16.10.3 Products/ Services Offered
16.10.4 SWOT Analysis
16.10.5 The SNS View
17. Competitive Landscape
17.1 Competitive Benchmarking
17.2 Market Share Analysis
17.3 Recent Developments
17.3.1 Industry News
17.3.2 Company News
17.3.3 Mergers & Acquisitions
18. Use Case and Best Practices
19. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Wireless Home Security Camera Market Size was valued at USD 8.25 Bn in 2023, and will reach $28.94 Bn by 2032, and grow at a CAGR of 15.09% by 2024-2032
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The Warehouse Automation Market Size was valued at USD 16.25 billion in 2023 and is expected to reach USD 53.01 billion by 2031 and grow at a CAGR of 15.93% over the forecast period 2024-2031.
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The Machine Vision Market Size was valued at USD 9.76 billion in 2023 and is expected to reach USD 20.17 billion by 2032 and grow at a CAGR of 7.11% over the forecast period 2024-2032.
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