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Power Rental Market Size
- Report ID: GMI1321
- Published Date: Mar 2023
- Report Format: PDF
Power Rental Market Size
Power Rental Market size surpassed USD 16.9 billion in 2023 and is anticipated to register 4.3% CAGR from 2024 to 2032. Burgeoning development of data centers and rising cost of unplanned outages coupled with heavy dependency on information sharing and constant communication is substantially increasing the rental adoption of gensets.
Strengthening consumer awareness and customer requirement for increased reliability and zero downtime will continue to necessitate the deployment of power rental equipment. Increasing population index and high standard of living in line with flourishing real estate sector which in turn will sway positive sway the power rental market outlook. Surging infrastructural investments along with robust development of manufacturing facilities will propel the business outlook. The government schemes & funding toward the development of industrial facilities will foster the deployment of these units.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Power Rental Market Size in 2023: | USD 16.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.3% |
| 2032 Value Projection: | USD 24.8 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 520 |
| Tables, Charts & Figures: | 812 |
| Segments covered: | Power Rating, Fuel, End Use, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Power Rental Market Scope
