POWER RENTAL MARKET ANALYSIS

Regional Analysis

Global Power Rental Market: Regional Insights:

North America led the global power rental market in 2022 and is expected to witness a CAGR of 6.4% during the forecast period. Increasing demand for electricity and challenges in power sector such as federal carbon policies on carbon emission and meeting energy targets are the main reasons for development of global power rental market in this region. The emerging economies in Asia Pacific such as India and China are expected to propel the growth of power rental market in the region, in near future. Furthermore, industries such as construction, event, oil and gas, mining, manufacturing, and shipping have high requirement of rental electricity for continuous operation. These factors are highly responsible for growth of the power rental market in Asia Pacific.

• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa