Published : 3 years ago, on 23/09/2021

The new report by Expert Market Research titled, ‘Global Mobile Power Generation Equipment Rentals Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global mobile power generation equipment rentals market, assessing the market based on its segments like type, application, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 6.2%

The market for mobile power generation equipment rentals has seen substantial growth due to factors such as the increased development of public infrastructure, growing industrial base, and the need for large volumes of energy during events and activities. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the mobile power generation equipment rentals market. Also expected to move the market ahead are increased construction operations and increased demand from the mining and oil and gas industries. Nonetheless, increasing microgrid competition, expanding use of energy storage systems, and pollution control regulations may hinder the mobile power generation equipment rentals industry’s growth over the forecast period.

Industry Definition and Major Segments

The mobile power generation equipment rentals industry can be broadly categorised based on types and applications.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/mobile-power-generation-equipment-rentals-market-report

Based on the type, the industry is divided into:

• Generator
• Turbine

Based on the application, the industry is divided into:

• Enterprise
• Personal

The regional markets for mobile power generation equipment rentals include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

 Market Trends

Geographically, the market in North America is expected to increase rapidly, with diesel generators leading the market. However, as environmental rules tighten in order to reduce carbon footprints, the focus on alternative fuel generators is growing. The United States is one of the leading countries that uses natural gas power generators to reduce pollution. Natural gas generators have a higher reliability since they have fewer failures during operation. Furthermore, during operation, natural gas generators often save between USD 1000 and USD 3000 per kilowatt. Growing energy demand, infrastructure projects, and the need for contact power are just a few of the key reasons driving the mobile power generation equipment rental market in North America. Furthermore, it is expected to invest in the oil and gas sector in the United States, which is expected to fuel the market during the forecast period. During the forecast period, the region’s construction sector is expected to exceed in investment. The rental generator business, as well as the oil and gas industry, are likely to benefit from the sector’s growth.

Key Market Players

The major players in the market are Aggreko Plc, APR Energy Plc, Caterpillar Inc. (NYSE: CAT), Cummins Inc., Siemens AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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