According to the research report titled ‘North America Power Rental Market Forecast 2027 By Fuel, By Power Rating, By End-Use, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America power rental market is slated to register significant growth during 2021-2027.

Rise in retrofitting activities of the prevailing electrical infrastructure in commercial & residential areas, and increasing population prompting rapid urbanization are variables driving the progress of North America power rental industry.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4037696/  

Moreover, the demand for power rental services is growing tremendously because many companies refrain from buying additional power infrastructure for their operations as its causes a dent in their finances.

Besides, power rental services are easier to set up and the cost of installation is also quite low in comparison. Therefore, major organizations rent out the power infrastructure to make optimum utilization of their capital investment, which is further amplifying the scope of market.

In terms of fuel type, the gas vertical is estimated to record substantial expansion during the projected timeline, owing to the surging demand for eco-friendly systems for emergency electricity backup. As gas-based power grids do not use fossil fuels, they comply with the energy-efficiency standards and pollution emission levels set by the government, thus bolstering the segmental development.

Based on end-user ambit, the healthcare vertical of North America power rental market is anticipated to grow remarkably during the forecast period, due to the necessity for continuous power supply for patients suffering from chronic ailments like COVID-19, etc. These systems help in providing backup for ICU patients and are installed at a much lower rate thereby compensating for the costs incurred during sudden power outages.

Concerning geographical terrain, Canada market is poised to witness colossal growth during the assessment timeframe, attributed to the increasing demand for energy supply, rise in construction activities, and establishments of malls, retail stores, etc. to accommodate the needs of the increasing population base in the country. 

The top players in North America power rental marketplace include Propower Rental, Inc., Atlas Copco AB, Kohler Co., Caterpillar, Inc., C&S Himoinsa Pvt. Ltd., Aggreko plc, Wärtsilä Oyj Abp, Cummins, Inc., Wacker Neuson SE, and Generac Power Systems, Inc. among others.