2019 Market Trends In The Power Rental Industry

2019 Market Trends In The Power Rental Industry
2019 Market Trends In The Power Rental Industry

The market for global power rental is projected by 2023 to grow to 21,765.1 million dollars, at a compound annual growth rate between 2017 to 2023 of 9.06%. Power rentals are rentals of generator sets which run on diesel, gas, or other fuels to generate power and have various commercial and industrial applications. A power rental may be defined by renting of a temporary generator or power plant. Burning fossil fuels generates power by generating steam to drive large, electricity-producing turbines. Power supply shortages will lead to a marked increase in the demand for power rental equipment. Ultimately this, in turn, will lead to tremendous growth in the power rental market. Increasing demand for power rentals from industries related to construction is fueling the general growth experienced by the power rental market. 

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