Opportunities in the Global Mobile Power Generation Equipment Rentals and Purchases Outlook for 2020-2024

LONDON--(BUSINESS WIRE)--The global mobile power generation equipment rentals market is poised to grow by USD 1.50 billion during 2020-2024, progressing at a Compound Annual Growth Rate (CAGR) of about 6% during the forecast period. During the forecast period, the market will show an accelerating growth of $1.50 billion. The market is driven by the increasing infrastructural activities. In addition, the rising demand from the mining and oil and gas industry is anticipated to boost the growth of the mobile power generation equipment rentals market. 

The increasing number of new projects from government and non-government sectors related to development, engineering, maintenance, and management is leading to an increase in infrastructural activities. In addition, investments from both developed and developing countries are boosting the number of infrastructure programs. For instance, the US allocated USD 200 billion for infrastructural development under the President’s Budget for 2020. Similarly, the government of Abu Dhabi announced around USD 2.7 billion worth of infrastructure projects in February 2020. The implementation of these projects requires uninterrupted power flow for equipment functioning. This is propelling the demand for mobile power equipment systems to obtain high amounts of temporary power. These systems are cost-effective, flexible, and reliable. Thus, the increase in infrastructural activities is expected to drive market growth during the forecast period.

Power Generation Enterprises, Inc. (PGE) has established the necessary channels required to meet these market demands. Call (818) 484-8550 to speak with our team of experienced power systems representatives to learn more on how to purchase on-site power generation equipment for your next project.