Global Power Rental Systems Market is predicted to succeed in USD 20 billion by 2028 from USD 10.6 b
The Global Power Rental Systems Market is predicted to succeed in USD 20 billion by 2028 from USD 10.6 billion in 2019, growing at a CAGR of 8.2% over the forecast period. Increasing grid instability including power spikes in times of peak demand is predicted to be a key driver for the event of the market. Additionally, the increased focus towards reduction of peak power consumption so as to scale back electricity cost is predicted to reinforce the expansion of the market. Power rental systems are utilized in a spread of industries where there's high demand for continuous power. Key end-use markets for these systems were government, oil and gas and construction, which together accounted for over 60% of worldwide revenues in 2016. High dependency on power for daily operation of those industries may be a key driver for substantial use of power rental systems. The utilization of those systems in events, wherein there's high demand for temporary power, was a little segment in 2016 but is predicted to grow at the highest CAGR from 2013 to 2020.