According to the research report titled, ‘North America Power Rental Market Forecast 2027 By Fuel, By Power Rating, By End-Use, By Application, Resaearch 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 anticipated to amass notable gains during the forecast period 2020-2027.
 

Increasing expansion and retrofitting activities of existing electrical infrastructure, prompt urbanization driven by surge in population, and rise in the number of people relocating from rural to urban areas are propelling the growth of North America power rental market.
 

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In addition, escalating demand from companies which do not prefer to purchase additional power infrastructure in order to limit unnecessary expenses, coupled with benefits of power rental services such as low requirement of equipment and lower costs of installation are aiding the industry outlook.
 

Furthermore, high demand for eco-friendly systems for emergency electric backup, rigid government policies to limit emissions, and favorable initiatives to develop strong LNG infrastructure to cater to electricity needs in an environment friendly way are positively swaying the market dynamics.
 

Based on power rating, the marketplace is split into < 75 kVA, 75-375 kVA, 375-750 kVA, and >750kVA, whereas bifurcation based on fuel includes diesel, gas, and others. With respect to application scope, the industry is classified into peak shaving, standby, and prime/continuous.
 

In terms of end use, North America power rental market is fragmented into data center, telecom, oil & gas, healthcare, offshore, electric utilities, offshore, construction, manufacturing, marine, mining, and others. Among these, the healthcare sector is witnessing significant demand for power rentals owing to surging demand for continuous power supply for patients suffering from COVID-19 who have been admitted to ICUs.
 

Regionally speaking, Canada power rental market is projected to showcase lucrative expansion trends during 2020-2027. This is accreditable to growing demand for continuous electricity supply and rising construction of public structures such as malls, and universities to meet the needs of rising population.
 

Key players operating in North America power rental market are ProPower Rental, Kohler Co., Himoinsa SL, Wartsila Oyj Abp, Wacker Neuson SE, Generac Power Systems, Inc., Cummins, Inc., Aggreko plc, Caterpillar, Inc., and Atlas Cocpo AB.