According to the research report titled ‘Europe Power Rental Market Forecast 2027 By Application, By Power Rating, By Fuel, By End-Use, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe power rental market is expected to witness exponential growth through 2027.

Increasing demand for electricity, rising government investments in creating smart electric infrastructure, surging frequency of power outages, aging electric grid infrastructure, and extreme climatic conditions are some of the prominent factors driving the expansion of the Europe power rental market.

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The COVID-19 outbreak has had a drastic impact in Europe which resulted in a significant cut down in industrial activities as well as disruptions in the supply chain. However, the government is providing financial aid to businesses to recover from losses, which in turn will augment the industry outlook in the subsequent years.

Based on fuel type, the gas segment is expected to gain momentum over the forecast timeline, on account of rising awareness among the regional population concerning the importance of using renewable energy sources, and strict rules and regulations to reduce the emission rates of industries.

Moving on to the application landscape, the standby power rental equipment segment is anticipated to gain traction over the analysis period, owing to rising demand among end-users for electricity supply in case of power outages, focus on enhancing the supply chain network, and saving huge financial and product losses.

In terms of end-user landscape, the construction segment is expected to witness notable returns over the forecast time spell, ascribed to the rapidly increasing infrastructure projects.

From the regional perspective, the U.K. market is expected to grow exponentially over the forthcoming years, due to growing concerns over recurring blackouts, aging power networks, and mounting natural disasters.

The prominent companies operating in the Europe power rental market are Aggreko plc, Wagner Equipment Co., Cummins Inc., Bredenoord, Wärtsilä Corporation, Generac Power System Inc., Loxam, Kohler Co., Caterpillar Inc., and Atlas Copco.