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Gas Fueled Power Rental Market Size
- Report ID: GMI11059
- Published Date: Aug 2024
- Report Format: PDF
Gas Fueled Power Rental Market Size
Gas Fueled Power Rental Market was valued at USD 4 billion in 2023 and is projected to grow at a CAGR of 5% from 2024 to 2032. Ongoing stringent environmental regulations toward adoption of cleaner energy sources in association with integration of renewable energy source in these systems will influence the industry penetration. Growing infrastructure projects particularly in key geographies in line with burgeoning demand for temporary power solutions will sway the business outlook.
Gas fueled power rental refers to the temporary provision of power generation equipment that runs on natural gas or other gaseous fuels. These generators are rented out to customers for short-term or long-term use typically to supply electricity in locations where grid power is unavailable, unreliable, or insufficient. Rapid urbanization growth and continuous construction activity coupled with advancement in gas engine technologies will further boost the need for power rental solutions. Moreover, surging incorporation of IoT and remote monitoring technologies in these generators allows for better management of power output, fuel consumption and maintenance needs, which in turn will foster the business dynamics.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Gas Fueled Power Rental Market Size in 2023: | USD 4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 6.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 45 |
| Segments covered: | Power Rating, End Use, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Gas Fueled Power Rental Market Scope
