The Global Power Rental Market a was valued at over USD 12.0 billion. However, in 2020, during the pandemic, its valuation dropped down to nearly USD 9.0 billion. It is projected to register a compound annual growth rate of more than 6% from 2021 to 2026. At the end of the forecast period, the power rental market is estimated to reach a valuation of over USD 13.0 billion.
The temporary renting of power plants or generators is referred to as power rental. Power rentals offer reliability, flexibility, speed and cost-effectiveness along with the option to scale. It helps to stabilize utility power grids and can also be used to provide additional energy as and when needed.
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The global Offshore Wind Energy Market is projected to grow at a CAGR of 15.2% to reach USD 61.9 billion by 2026 from 23 billion in 2019. Offshore Wind Energy plant is an infrastructure facility used to ..