Power Rental Market Size, Growth Opportunities, Trends by Manufacturers, Regions, Application & Forecast to 2027 The power rental market is expected to witness substantial growth by 2027 due to increasing energy demand across the globe and prevalent use of electrical appliances. In addition, accelerating adoption of solar power for varied applications is also expected to create numerous growth opportunities for industry participants in the coming years. Browse key industry insights spread across 440 pages with 531 market data tables & 50 figures & charts from the report, “Power Rental Market Forecasts By Power Rating (< 75 kVA, 75 375 kVA, 375 - 750 kVA, > 750 kVA), Fuel (Diesel, Gas), End-Use (Telecom, Data Center, Healthcare, Oil & Gas, Electric Utilities, Offshore, Manufacturing, Construction, Mining, Marine), Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/power-rental-market During the COVID-19 pandemic, overall power demand in commercial buildings and manufacturing plants dropped massively. However, energy consumption for housing applications rose by around 30% over the 2020 lockdown period. The increase in household power demand was driven by higher occupancy patterns during the day due to extended stay-at-home regulations. As a result, there was a surge in the use of energy intensive systems, such as lighting, air conditioning, heating, and appliances. To accommodate the escalating power demand during the pandemic, industry players introduced novel solutions to cater to energy requirements of consumers globally. For instance, in October 2020, Aggreko, a leading provider of modular power, temperature control, mobile, and energy services, launched its solar power rental offer. The company optimized its 1 MW PV solution for weak or off-grid deployment and was designed to deliver clean energy innovation. The solution did entail long-term technical or financial commitments as no upfront CAPEX payment was required. Moreover, the company announced that these systems could be availed for a minimum fiveyear period. The solution offered a deployment time of about three or four months and had low O&M requirements, which made it suitable for utilization in remote and harsh environments. The solution was equipped with the company's solar PV panels that have a single-axis tracking system, which could boost power delivery by 10-20%. Aggreko Solar Power integrated PV string inverters and containerized controls to enhance resilience through decreased installation time. As governments across the globe have begun to ease lockdown restrictions, the commercial and manufacturing sectors are resuming operations. This has positively influenced market demand across key end-use verticals. The global power rental market has been segmented on the basis of power rating, fuel, enduse, application, and region. In terms of end-use, the market has further been divided into © 2021 Global Market Insights Inc. All Rights Reserved
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