San Antonio, Texas – Experiencing a transformative phase, the North American modular space rental market is witnessing significant traction driven by thriving demand from the construction, education, and government sectors. Expected to surge to $6.1 billion by 2030, the industry presents a landscape comprised of both challenges and avenues for growth.
According to a Verify Markets 2024 report on the North American modular space rental market, in 2023, the construction segment dominated the market, capturing an estimated 44.0 percent share, closely followed by the education and government sectors. The market's trajectory is marked by a 15.0 percent growth in 2021 and a remarkable 20.0 percent in 2022 due to extended equipment lead times amid the pandemic, a construction boom, and inflationary pressures. However, 2023 underwent a gradual slowdown, reverting the market to pre-pandemic levels. The U.S. market is poised for consistent growth. Conversely, Canada might experience a temporary setback due to a slight decline in building permits with expected market recovery by 2025.
Key market trends encompass rising rental prices, diverse applications, sustainability, and technology innovation. The heightened demand has led to a significant surge in rental prices. This surge underscores the cost-effectiveness and sustainability of modular spaces. Modular spaces surpass traditional construction applications, finding utility in temporary offices, healthcare facilities, disaster relief efforts, and retail spaces. The versatility of modular spaces drives their adoption across a wide range of sectors.
Environmental consciousness fuels the adoption of eco-friendly materials and energy-efficient practices within the modular space sector. Strategies such as waste reduction and smart energy management systems are gaining prominence. Integration of technology, including smart building systems and IoT devices, enhances the functionality and efficiency of modular spaces, catering to evolving consumer demands.
Market drivers include a surge in commercial applications, urbanization, infrastructure development, economic growth, and institutional use. Restraints encompass supply chain interruptions, industry business cycles, heightened competition, and challenges in adapting to evolving regulations and labor shortages impeding growth.
Market participants must strategically expand rental fleets into untapped regions to capitalize on emerging opportunities while optimizing existing resources. Non-traditional markets such as temporary residential housing, public education, and healthcare facilities offer avenues for sustained development. Addressing evolving regulations is paramount, necessitating robust compliance strategies to mitigate market growth barriers.
In navigating the dynamic landscape of the North American modular space rental market, strategic adaptation, innovation, and regulatory compliance are imperative. Through proactive measures and strategic partnerships, the industry can navigate challenges and harness growth opportunities, ensuring sustained success amidst evolving market dynamics. Major players such as WillScot Mobile Mini, ATCO, and McGrath RentCorp are poised to play pivotal roles in shaping the market's trajectory in the coming years. Other market players include Black Diamond Group, United Rentals, Modular Space Corporation, , Triumph Modular, Satellite Shelters, Inc., Vanguard Modular Building Systems, LLC, and Redi-Bilt.
A copy of the North American Modular Space Rental Market research report can be obtained at www.verifymarkets.com.
Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with an analysis of secondary resources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>San Antonio, Texas – Undergoing significant transformation, the North American portable storage rental market is fueled by robust demand from construction, commercial, and industrial sectors. Projected to approach $5.0 billion by 2030 for the United States and Canada, the industry demands strategic navigation amid a landscape filled with both challenges and opportunities.
According to a Verify Markets 2024 report on the North American Portable Storage Rental Market, in 2023, the largest end user vertical was construction, closely trailed by the commercial segment. Urbanization, infrastructure development, and construction expansion are the driving forces reshaping North America's economic contours, highlighting the need for flexible storage solutions fostering market growth. Portable storage containers are widely adopted across commercial settings, meeting diverse needs such as e-commerce distribution, retail support, and logistics optimization. This versatility underscores the containers' relevance across various business domains. Adaptable portable storage solutions are increasingly integrated into government, education, and the military sectors, addressing requirements for field hospitals and equipment storages, driving market expansion.
Despite dominance in the market by a few players, consolidation prevails as smaller market participants emphasize differentiation and innovation. One avenue is through the expansion of Value-Added Products and Services (VAPS). VAPS can maximize revenue through customizable solutions and targeted pricing strategies, enhancing competitiveness and revenue growth. An example is Mobile Mini's PRORACK by WillScot which, included in portable storage containers, can considerably expand their functionality. PRORACK introduces adjustable surfaces, enabling configurations for workstations, pipe racks, tool organizers, or general material storage. This adaptability enhances their indispensability across various industries and applications.
Heightened competition underscores the importance of strategic positioning in overcoming persistent supply chain delays and addressing regulatory compliance challenges spanning environmental, zoning, health, and safety regulations. Rental companies should recognize the cyclical nature of the industry and develop strategies for sustained growth and customer diversity.
Like many industries, the portable storage rental market experiences skilled labor deficits that impede operational efficiency and hinder equipment transportation and maintenance services. Accordingly, market participants must implement strategies for sustained growth and operational resilience. To capitalize on emerging opportunities amidst market uncertainties, exploring untapped markets and optimizing existing resources is vital. Flexibility and affordability are key to meeting evolving construction demands. Understanding market fluctuations and capitalizing on commercial sector opportunities, particularly with e-commerce businesses, is essential for sustainable growth.
The North American portable storage rental market presents promising opportunities amidst dynamic industry trends. Strategic adaptation, innovation, and regulatory compliance are critical for navigating challenges and capitalizing on growth prospects. Through flexibility, innovation, and strategic partnerships, the industry can thrive in an increasingly competitive landscape. Major market participants include: WillScot Mobile Mini Holdings Corp, ATCO Ltd., McGrath RentCorp (acquired by WillScot Mobile Mini Holdings Corp in February 2024), United Rentals, Go Mini’s, MI-BOX Mobile Storage & Moving. CubeSmart, Door to Door Storage, Inc., and UNITS Moving and Portable Storage, among others.
A copy of the North American Portable Storage Rental Market research report can be obtained at www.verifymarkets.com.
Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with an analysis of secondary resources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
Equipment rental companies are finding themselves at a pivotal juncture. The demand for equipment and turnkey solutions is on the rise, however, businesses are facing personnel shortages that hinder their ability to operate efficiently and effectively. These shortages, exacerbated by rising interest rates that render the terms for capital purchases prohibitively expensive, underscore a critical gap in the market. This scenario presents a unique opportunity for equipment rental companies to evolve beyond traditional rental models and offer value-added services that address customer challenges head-on. By integrating services along with technicians and operators; rental companies can be positioned as solution providers that can add value where customers face shortcomings.
Opportunity: Direct Fired Heaters for Pest Control
Direct-fired heaters emerge as a potent solution for pest control, notably in combating bed bug infestations. These heaters generate a substantial volume of hot air, crucial for swiftly and efficiently heating spaces to temperatures that eradicate bed bugs. By offering these heaters with trained personnel, equipment rental companies can augment their pest control services, providing a value-added proposition. Given the anticipated increase in pest activity due to climate change, with predictions suggesting up to five additional insect life cycles per season for a 2°C temperature rise, the relevance of such services is poised to escalate.
Opportunity: Mobile Water Treatment Equipment for Contaminated Water
The necessity for treated feed water spans across boiler operations, pumps, and numerous industrial processes, presenting a convergence opportunity for equipment rental companies. With documented shortcomings in municipal water systems and the deteriorating state of America’s drinking water infrastructure, the demand for mobile water treatment solutions is acute. Equipment rental firms are ideally positioned to supply these water treatment units, equipped with trailers or trucks and complemented by trained technicians. This turnkey solution is invaluable for communities, industries, or agricultural operations lacking the expertise to effectively tackle water quality issues. The recent merger of Evoqua and Xylem underscores the market potential for such convergence.
Opportunity: Operators & Value-Added Services for Production Rental
The production equipment rental sector is characterized by a unique scenario where crew members often own and operate their equipment. This presents an opportunity for rental companies to collaborate with crews, offering comprehensive services to the production industry. Companies like TAIT, PRG, NEP, fuse, 4Wall, WFW, and Solotech have already ventured into providing value-added services such as production services, virtual production, and design engineering. By including operators and value-added services in rental packages, these companies can streamline the production or event planning process, offering a more integrated solution.
Opportunity: Air Scrubbers and Negative Air Machines for Construction and Restoration
Maintaining air quality and controlling dust during construction, renovation, or restoration projects is a formidable challenge. Air scrubbers and negative air machines play a crucial role in filtering airborne particles, safeguarding worker health and preventing dust dissemination. Equipment rental companies that offer these machines, along with knowledgeable personnel to oversee their operation, can significantly aid construction and restoration firms, especially those facing staffing shortages.
Opportunity: Tank Degassing Services for Petrochemical Customers
In the petrochemical sector, tank degassing is a critical service required to prepare tanks for maintenance or decommissioning. This process, aimed at removing hazardous gases and vapors, necessitates specialized degassing equipment and certified operators. Equipment rental companies can fulfill this need, ensuring petrochemical operations are conducted safely and efficiently, while also mitigating the challenge of sourcing qualified personnel for such specialized tasks.
Opportunity: Robotic Camera Systems for Live Broadcasting
The advent of robotic camera systems has revolutionized live broadcasting, especially for sports events and large-scale conferences. These systems facilitate dynamic camera movements and angles without requiring large crews. Equipment rental companies that provide these advanced robotic cameras, along with operators skilled in their programming and control, enable broadcasters to produce high-quality live content with reduced on-site personnel.
Conclusion
By incorporating specific equipment types, such as direct-fired heaters, generators, air scrubbers, and robotic camera systems, into their offerings (and pairing these with expert operators), equipment rental companies are uniquely positioned to meet the diverse needs of their clients. This strategic approach not only bridges the gap caused by personnel shortages across various industries, but also cements the role of rental companies as indispensable partners capable of delivering comprehensive solutions. As businesses continue to navigate the challenges of limited staffing and specialized needs, the role of equipment rental companies in providing value-added services is set to become increasingly vital.
Further insights are available as part of Verify Markets’ Rental Equipment & Power Solutions market research services. Please see the following reports:
]]>San Antonio, Texas -- A new analysis by Verify Markets on the Australia & New Zealand Power Rental Market shows the market was valued at $570.1 million USD in 2023 and is expected to grow at a compound annual growth rate (CAGR) of over 3.5 percent from 2023 to 2030. Key market drivers in this market include unreliable power grid, lack of investment in power infrastructure, increasing demand from construction, a growing entertainment industry, weather events, increasing electrification, and integration of intermittent sources of electricity. Moreover, during the forecast period, the growth in hydrogen production and expansion of data centers are expected to create new opportunities for power rental companies in the region. The key challenges include high competition, economic slowdown, skilled personnel shortages, and logistics and freight issues.
Telematics, decarbonization, hybrid generator sets, and the gradual adoption of battery energy storage systems constitute key trends in the industry. Currently, around 88.6 percent of rental generators in the Australia & New Zealand operate on diesel. However, the market is transitioning towards more energy-efficient and environmentally-friendly technologies to meet emission standards at end user levels.
The mining industry is one of the largest users of power rental services in Australia and New Zealand, followed by construction. Key players in this market include Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and Kohler Co. (Clarke Energy), among others.
This report provides an in-depth analysis of the overall Australia & New Zealand Power Rental Market. The report captures various market dynamics such as market drivers, market restraints, major trends, competitive landscape, opportunities & strategic recommendations in addition to the following:
A copy of the 2024 Australia & New Zealand Power Rental Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
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SAN ANTONIO, TX, UNITED STATES, January 9, 2024 – A new analysis by Verify Markets reveals a robust resurgence in the Latin American Air Compressor Rental Market, mirroring the post-COVID-19 trend observed in North America. According to some market participants, 2021 and 2022 marked substantial growth, recording increases of approximately 15.0% and 20.0%, respectively. This surge in demand is linked to extended equipment lead times and deferred facility maintenance during the upheaval caused by the pandemic.
In terms of revenues, the Latin American Air Compressor Rental Market witnessed a year-on-year growth of 10.0% in 2022. However, there has been a gradual slowdown in growth during 2023, bringing the market back to pre-pandemic levels. The market size stood at $197.8 million in 2023, with a projected growth of over $250.0 million by 2030.
As the Latin American Air Compressor Rental Market continues to show significant shifts due to supply chain dynamics. Prolonged lead times for new air compressors and repair parts have stimulated increased demand for rentals, providing advantages to companies with resilient supply chains. However, these dynamics simultaneously present challenges for air compressor rental companies by disrupting manufacturing and expansion plans due to heightened lead times and increased costs for new equipment. Other challenges impacting the market include increased pricing, uncertainties in economic and political landscapes, intensifying competition, and the emergence of environmental regulations.
Despite these challenges, the Latin American Air Compressor Rental Market is poised for growth, propelled by factors such as the advantages of renting equipment, the need for temporary alternatives, urbanization, construction growth, and demand from key sectors like oil & gas.
The Latin American Air Compressor Rental Market report is segmented by equipment type, end user, engine type, horsepower range, and pressure, with primary customers spanning the petrochemical & refining, general manufacturing, pharmaceutical, food & beverages, construction, painting & sandblasting sectors. The construction sector maintains its dominance in the air compressor rental market, commanding over 30.0% market share in 2023, closely followed by general manufacturing.
In a country-level analysis of the region, Brazil's air compressor rental market is the largest among Latin American countries and showcases growth, with an exponential annual increase in machines being sold to rental companies which signals a positive outlook. Mexico, despite a projected lower economic growth of 4.3% in 2024 and 4.3% in 2025, experiences heightened foreign investment in the construction of industrial facilities, contributing to market expansion. On the other hand, Argentina faces challenges due to political and economic uncertainty. Nonetheless, the Argentinean air compressor market anticipates the highest growth among Latin American countries, driven by opportunities in the mining and oil & gas sectors.
Trends in the Latin American Air Compressor Rental Market include escalating rental prices driven by high demand and a highly competitive landscape featuring local businesses, global competitors, multiproduct rental companies, OEMs, and dealers. Research and development is focused on enhancing energy efficiency, with smart compressors offering real-time equipment monitoring through connected devices and IoT solutions.
Some of the key companies covered in the Latin American Air Compressor Rental Market include report include Atlas Copco Inc., Ingersoll Rand Inc., Arlug Brazil, Sullair Argentina S.A., and KAESER Kompressoren SE. This report provides an in-depth analysis of the overall Latin American Air Compressor Rental Market and various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
A copy of the Latin American Air Compressor Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>But what exactly does this paradigm shift entail? Instead of the conventional purchase or rental of physical equipment, CaaS allows customers to enter contracts based on specific service outcomes, like maintaining certain temperature ranges or paying for units of cold air. This arrangement, typically more costly than traditional electricity per unit, incentivizes customers to minimize cooling consumption.
This innovative pay-per-service approach effectively removes the initial investment barrier for customers. Under CaaS contracts, the provider or financier assumes ownership of the equipment and responsibility for maintenance and utility bills, motivating them to ensure high-quality maintenance and energy efficiency.
The Urgency of Efficient Cooling
Addressing climate goals, especially reducing emissions from air conditioning and cooling systems, is critical. The International Energy Agency “Future of Cooling” report estimates that $6.9 trillion USD will be invested in air conditioning globally over the next 30 years. Currently, cooling accounts for 10.0% of global electricity consumption, a figure expected to triple by 2050, consuming as much electricity as all of China and India today.
The Climate Finance Lab indicates that if CaaS captures 2.0% of commercial cooling assets in developing countries by 2030, it could represent over $88.0 billion in commercial cooling finance.
The inefficiency of current cooling systems is a significant issue, with average efficiency below half of what is available and a third of the best technology. The potential savings by 2050 are substantial. Furthermore, Hydrofluorocarbons (HFCs) used in cooling are potent greenhouse gases that must be phased down. In regions like Latin America, where heat stress already causes annual GDP losses of $52.3 billion, efficient cooling is not a luxury but a necessity.
According to the Climate Finance Lab, CaaS can save up to 23.0% of cooling costs for customers and reduce emissions from electricity use and coolant leakage by up to 49.0% while promoting a circular economy through modular, reusable, and recyclable equipment.
Latin America: Challenges Amid Opportunities
Despite its early stage, the demand for CaaS is growing in Latin America, especially in sectors with high cooling needs, such as the hospitality industry. Mexico and Brazil, followed by Argentina and Costa Rica, are recognized as having significant potential for implementing CaaS in the region.
In Mexico, one of main markets around the world poised for growth in cooling demand, installation and operation for seven years of a single 1200-TR (tons of refrigeration) high-efficiency chiller through CaaS yields a reduction of nearly 18,000 tons of CO2 emissions when compared to the operation of a legacy low-efficiency unit over the same period. This emissions reduction from a single system is equivalent to the energy use of 1,945 homes for one year.
Industry participants interviewed by Verify Markets highlight the slow but growing interest and application of CaaS in Latin America. Some Mexican temporary cooling rental firms are increasingly adopting the CaaS model, offering extensive maintenance agreements on a monthly subscription basis. One industry player in Mexico shared, “We had so much demand that I told some clients they needed to contract a policy with us. We take care of their equipment, monitor them, and perform preventive and corrective maintenance for a monthly fee. This model has been very viable for us.”
However, transitioning from traditional ownership to a service-based model in Latin America has its challenges, primarily in altering consumer mindsets. The shift towards renting versus owning is gradual, with cultural adjustments needed.
According to a market participant interviewed by Verify Markets, “Despite all the benefits of renting, people still want to own their machines. The main competitors for rental companies are the machine sellers. The change is very slow, and there is a lot of cultural work to be done.” Another cooling rental firm added, "In Latin America, unlike the United States or Europe, we approach financial mathematics differently. They would never buy a machine that they can rent if renting makes more financial sense. Here, in Latin America, the combination of a higher cost of capital and a culture that leans towards, ‘If I can, I'll buy it and it's mine,' puts us behind in terms of rental compared to other regions of the world."
Challenges remain, as another industry voice pointed out, “Getting people to understand the concept of CaaS is quite a challenge. Negotiating and convincing the customer can be difficult in this part of the world.”
Even with these obstacles, CaaS is slowly establishing itself as a viable, cost-effective, and convenient cooling solution. Another participant noted the creativity involved in structuring CaaS agreements, stating, “We are offering CaaS, and it's mixed with rental, with the difference lying in the fine print of the rental agreement. By saving the customer the installation cost, it's a way to gain free financing.”
Cooling-as-a-Service in Latin America heralds a progressive approach to HVAC management, offering flexibility, cost savings, and resource efficiency. As the region adapts to this model, it stands on the cusp of revolutionizing the HVAC industry, promising innovative solutions for cooling needs. The road ahead involves customer education and service model refinement, but the potential benefits position CaaS as a trend to watch in Latin America's cooling rental market.
A copy of the Latin American Temporary Cooling Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, January 2, 2024 -- A detailed analysis by Verify Markets indicates a steady rise in the Latin American Temporary Cooling Market, with an expected growth rate of over 5.0% CAGR from 2023 to 2030. The market size, valued at $175.0 million in 2023, is projected to reach over $250.0 million by 2030.
The market is primarily driven by the industrial and commercial sectors. Brazil leads the Latin American market with over 45.0% of the market share, followed by Mexico at over 25.0%, and Argentina at over 10.0%. The market's evolution is intricately linked to the relative economic weight of each nation within the region, climatic challenges, lead times for new equipment, and macroeconomic factors like interest rate hikes influencing demand.
Despite favorable growth prospects, the Latin American temporary cooling market encounters some challenges. Key among these are economic volatility and political uncertainty within the region, which present a double-edged sword: while they can spur rental activity due to capital expenditure caution, they also foster reluctance that hinders long-term planning and investment in rental infrastructure.
In Latin America, the temporary cooling rental market primarily addresses the immediate needs arising from machinery breakdowns and industrial idle time. This reactive approach underlines a prevailing mentality that still favors ownership over renting. The market is ripe for a paradigm shift as businesses begin to recognize the economic and operational benefits of a rental model. Despite this, the transition away from traditional ownership is gradual, reflecting a cautious stance towards embracing the flexibility and cost-efficiency that renting cooling equipment can provide in the long-term.
In an era of innovative service models, the Latin American temporary cooling market is slowly embracing Cooling-as-a-Service (CaaS). This progressive approach offers a pay-per-use model that aligns with the growing demand for financial flexibility and operational efficiency. CaaS eliminates the need for substantial upfront investments in cooling infrastructure, instead providing a full-service solution that covers installation, maintenance, and upgrades. This shift not only caters to the immediate needs of businesses looking to optimize cash flow, but also resonates with the broader market trend towards sustainable practices as it encourages the use of energy-efficient and environmentally-friendly cooling systems. Read more about CaaS in Latin America in our article here.
Some of the key companies covered in this report include Aggreko, Trane, Grupo TECSIR, Tecnogera, A Geradora, and TODOCHILLER, among others. This report provides an in-depth analysis of the overall Latin American Temporary Cooling Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends and a competitive landscape assessment.
A copy of the Latin American Temporary Cooling Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, November 29, 2023 -- A comprehensive analysis by Verify Markets shows that the North American Energy as a Service (EaaS) Market is experiencing an unprecedented boom, projected to expand at a double digit growth rate of over 10.0% CAGR from 2023 to 2030. This impressive growth trajectory is primarily fueled by a confluence of factors, including a surge in data center construction, increased adoption of renewable energy sources, aging power infrastructure, and a supportive regulatory environment.
The North American Energy as a Service (EaaS) Market was valued at $617.1 million in 2023 and witnessing a transformative shift driven by the rise of decentralized power generation, energy storage technologies, and the prevalence of smart devices. These advancements have ushered in a new era of innovative business models in the energy sector, with digitalization and smart meter usage playing a pivotal role in enabling extensive data collection and analysis, thereby facilitating automation and the development of cutting-edge energy services.
However, the EaaS market is still in its nascent stage and faces challenges in market adoption due to the perception of high customization and complexity in projects and the complex regulations for participating in the wholesale electricity markets. Despite these challenges, the evolving competitive landscape, characterized by emerging players from the energy service market, suggests a dynamic growth potential and opportunities for innovative, customized energy solutions. As the EaaS market continues to evolve, increased participation in the wholesale electricity market is expected to drive market growth by increasingly offering microgrids the chance to generate revenue, optimize costs, and contribute to grid stability.
The North American Energy as a Service (EaaS) Market has been segmented by application, service model, fuel type, and end user. Among the different end users, the commercial sector, which includes industries such as food and beverage, warehouses, and retail stores, accounted for a significant 34.0% of the market in 2023. This substantial share underscores the sector's critical requirement for consistent and dependable energy solutions, vital for various operations ranging from food preservation to extensive distribution networks. It is anticipated that the commercial sector, together with data centers, will progressively embrace EaaS as a strategy to manage energy expenses, guarantee reliability, and enhance sustainability.
In terms of fuel type, natural gas leads the way, followed by diesel and renewables, with natural gas generators predominantly used for energy cost optimization. Notably, CHP microgrids account for over 10.0% of the sector, mainly serving commercial and institutional areas with baseload power and heat.
Some of the key companies covered in this report included Enchanted Rock LLC, PowerSecure International, Inc., Mesa Natural Gas Solutions, LLC., AEP Onsite Partners, LLC, Schneider Electric SE, RePower, L.L.C, Bloom Energy Corp, Bloom Energy, Power Utilities, Capstone Green Energy, and some Power Utilities, among others. This report provides an in-depth analysis of the overall North American Energy as a Service (EaaS) Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
This report provides an in-depth analysis of the overall North American Energy as a Service (EaaS) Market. The report captures various market dynamics such as market drivers, market restraints, major trends, and competitive landscape in addition to the following:
A copy of the overall North American Energy as a Service (EaaS) Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, TX, UNITED STATES, November 28, 2023 -- A comprehensive market analysis by Verify Markets reveals that the Asia Pacific Power Rental Market is on a significant growth trajectory, valued at $1,610.3 million USD in 2023. The market is poised for a steady expansion, projecting a compound annual growth rate (CAGR) of over 4.0 percent from 2023 to 2030. Key growth drivers include an unreliable power grid, burgeoning demands from construction, mining, and mission-critical facilities, a flourishing entertainment industry, and the increasing integration of renewable energy sources.
India stands out as the leading power rental market in the Asia Pacific, with 35.0% of the market share and a forecasted CAGR of over 5.0 percent. The market in India is primarily propelled by rapid advancements in major energy-intensive industries such as construction, manufacturing, mining, and oil & gas.
Despite the robust growth expected in the region, the power rental market faces notable challenges. High competition, a slowdown in manufacturing sectors, and a shortage of skilled personnel are some of the critical issues confronting the market.
Approximately 80.0 percent of rental generators in the region currently operate on diesel, favored for their ease of operation, low maintenance, extended operating life, and robust fuel availability. However, natural gas generators are gaining ground, particularly in the oil & gas segment, where they can utilize syngas byproducts from wellheads, reducing flaring and enhancing environmental sustainability.
In terms of technology innovation and trends, the market is increasingly moving towards energy-efficient and eco-friendly technologies to align with stringent emission standards at the end-user level. The mining industry emerges as one of the largest users of power rental services, closely followed by utilities. Prominent players in this market include Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and APR Energy (Atlas Corp.), among others.
This report provides an in-depth analysis of the overall Asia Pacific Power Rental Market. The report captures various market dynamics such as market drivers, market restraints, major trends, and competitive landscape in addition to the following:
A copy of the 2023 Asia Pacific Power Rental Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, TX, UNITED STATES, October 5, 2023 - According to a recent analysis conducted by Verify Markets, the Indonesian Residential Water Treatment Market is currently experiencing a surge in demand. The market has surpassed a value of over $59.0 million in 2022. The market is expected to grow over a CAGR of over 16.0 percent during the forecast period.
Key competitive factors in this market encompass after-sales services, sustainability practices, affordability, and the adoption of an omni-channel approach. In Indonesia, water purifier companies leverage an omni-channel strategy to present customers with various avenues for product acquisition, through online and/or offline channels. This approach enables them to extend their reach to a broader customer base while ensuring a seamless and convenient shopping experience. Furthermore, these companies entice customers with discounts, recognizing the significance of price sensitivity in consumer purchasing decisions. Additionally, they prioritize after-sales services to guarantee customer satisfaction and promote long-term product usage. As an example, Coway stands out by offering a comprehensive after-sales package, which encompasses product warranties, complimentary installation and upkeep, as well as round-the-clock customer support.
The surging demand for clean drinking water is the primary catalyst in this market, driven by Indonesia's burgeoning population and rapidly expanding economy. This need pronounced in both urban and rural areas, where deficient infrastructure, subpar water quality, and high costs persist as significant challenges. As a result, consumers are increasingly turning to water purifiers to ensure reliable access to safe drinking water. Despite government efforts, enhancing water infrastructure and sanitation in rural and informal settlements remains a formidable task. Consequently, the water purification market in Indonesia is poised for substantial growth in the foreseeable future, with more households prioritizing the adoption of water purifiers.
In Indonesia, brands like Coway and Cuckoo utilize loyalty programs to foster customer retention. Water purifier innovation is on the rise, with brands like Cuckoo, Coway, LG, and Philips offering diverse features. These purifiers employ advanced filtration technologies like reverse osmosis and ultrafiltration. Some feature IoT connectivity for convenient control via a smartphone app. User-friendly designs, energy efficiency, and self-sterilization are also common. Compact designs and smart features cater to smaller living spaces. Self-cleaning functions enhance performance and longevity by removing contaminants.
The Indonesian Residential Water Treatment Market report is segmented by POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
The key players within the market include Coway Co., Ltd., LG Corporation, Cuckoo Homesys Co. Ltd., Kyowon L&C Co., Ltd. Unilever, PT Citra Sukses Mandiri, PT. Yamaha Motor Nuansa Indonesia, PT Sentrasarana Tirtabening, PT HYDRO Water Technology, and others.
Carbon and reverse osmosis technologies are extremely popular in Indonesia. Systems priced under $600.00 make up majority of the market. A copy of the Indonesian Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>San Antonio, Texas -- A new analysis by Verify Markets on the North American Mobile Water Treatment Market shows the market was valued at $725.7 Million USD in 2022 and is expected to grow to reach over $1.0 billion at a compound annual growth rate (CAGR) of over 5.0 percent from 2022 to 2029. Key market drivers in this market include short-term operating contracts, planned maintenance and capacity expansion, emergencies, regulatory requirements, the need for customized solutions, and pilot studies. The key challenges include economic volatility and rising operating costs, a highly competitive market, a decline in water consumption due to shifts in the power industry, the impact of COVID-19, and rising instances of cyber-attacks.
Resin technology stands out as the primary technology employed to achieve faster responses and improved accessibility in North America. In addition to resin technology, mobile water treatment providers are also incorporating membrane technology and granular activated carbon as significant technologies.
The power industry is one of the largest users of mobile water treatment services. However, it was observed that there was also a significant increase in the demand from the petrochemicals and oil & gas industry. The key players in this market include Veolia Water Technologies, Inc., Evoqua Water Technologies, and MPW Industrial Services.
This report provides an in-depth analysis of the overall North American Mobile Water Treatment Market. The report encompasses a range of market dynamics, including factors that drive the market, the market challenges, the industry outlook of end users, technology trends, and the following aspects:
A copy of the 2023 North American Water Treatment Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, TX, UNITED STATES, September 21, 2023 - According to a recent analysis conducted by Verify Markets, the Korean Residential Water Treatment Market is currently experiencing steady growth. The market has surpassed a value of over $2.5 billion in 2022. The market is expected to grow over a CAGR of over 6.5 percent during the forecast period.
Key competitive factors in this market include strong after-sales service, innovative and contemporary designs, effective marketing strategies, promotions, and discounts. Market leaders like Coway, LG, and Samsung are vying to lead the industry in offering cutting-edge water treatment systems to both South Korean and global consumers. These companies are leveraging Internet of Things (IoT), artificial intelligence (AI), and voice command functionalities to appeal to tech-savvy Korean customers who value advanced appliances that enhance their lifestyle and home aesthetics. By incorporating IoT and AI technologies, they aim to create water treatment systems that are more efficient, user-friendly, and environmentally conscious. Additionally, there is a strong emphasis on design, with systems being tailored to seamlessly integrate with customers' lifestyles, preferences, and home decor.
Many companies are focusing on developing sleek and space-saving water treatment systems that can be easily installed in compact spaces. These systems not only deliver effective water treatment, but also contribute to a clean and visually appealing kitchen, giving the illusion of more space.
Key drivers in this market include the growing popularity of rental models due to increased convenience and affordability, a preference for high-tech lifestyle products, and heightened concerns about water quality. The recent economic slowdown, attributed to inflation and rising household debt, coupled with an aging population, has led to a surge in demand for cost-effective rental products in Korea. The success of rental water treatment systems can be attributed to their convenient after-sales support, user-friendly payment options, and affordability.
The Korean Residential Water Treatment Market report is segmented by POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
The key players within the market include Coway Co., Ltd., SK Magic Co., Ltd., LG Corporation, Chungho Nais Co., Ltd., Cuckoo Homesys Co. Ltd., Kyowon L&C Co., Ltd. and others.
Membrane technologies are extremely popular in Korea and most products are capable of dispensing hot and cold water. Mobile apps, Wi-Fi connectivity, and voice navigation are popular features in premium products in Korea.
A copy of the Korean Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, September 20, 2023 - According to a recent analysis conducted by Verify Markets, the Taiwan Residential Water Treatment Market is in a phase of steady expansion. The market has now surpassed a value of $340.0 million and is anticipated to exceed $520.0 million in revenue over the projected period. The market is expected to grow over a CAGR of 6.0 percent during the forecast period.
Competitive factors in the market include price sensitivity, e-commerce, and participation in trade exhibitions. A significant number of Taiwanese consumers are keenly attuned to pricing and actively seek out bargains and discounts when making purchasing decisions. Consequently, many brands in Taiwan roll out promotions and sales events throughout the year to entice customers and enhance sales. Notable among these are the Single's Day Sale and Double 11, both observed on November 11th, which have gained popularity not only in Taiwan, but also in other parts of the world. Overall, these online sales events have entrenched themselves as integral elements of the Taiwanese shopping landscape, eagerly anticipated by consumers as opportunities to save money and acquire desired products.
Furthermore, the inclination towards compact and customizable water purifiers in Taiwan mirrors the evolving preferences and needs of consumers. With a growing focus on health and environmental consciousness, the demand for high-quality water purifiers that offer convenience and user-friendliness is expected to continue its upward trajectory.
To cater to user needs, water purifier brands are integrating digital displays into their products, providing users with easy access to crucial information about the purifier's performance and water quality. These displays offer advanced functionalities like real-time monitoring, alerts for maintenance or filter replacement, and customizable settings. Numerous companies are also committed to offering products that conserve water and energy, aligning with their dedication to sustainable and eco-friendly practices. Through the promotion of water and energy efficiency, these companies aim to curtail waste and reduce the environmental footprint of their products.
In terms of sales, systems falling within the $300 USD to $600 USD price range hold a substantial share of revenue in the residential water treatment market. Popular technologies in Taiwan include carbon and ionizers.
Key market players include Panasonic Corporation, The 3M Company, Pentair Plc (Everpure), Taiwan Sakura Corporation, Brita, Chanson Water Co., and others.
The Taiwan Residential Water Treatment Market report is segmented by POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, constraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
A copy of the Taiwan Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, September 19, 2023 -- A recent analysis conducted by Verify Markets reveals that the Thailand Residential Water Treatment Market is experiencing consistent growth. The market's value has surpassed $390.0 million and is projected to exceed $550.0 million in revenue during the forecast period. Key market drivers encompass factors such as deteriorating water quality, heightened product awareness, increasing health consciousness, a shift towards eco-friendly lifestyles, and the rise of e-commerce.
Companies employ diverse strategies to promote their water treatment systems and captivate customer interest. One favored tactic involves offering membership discounts and rewards, a strategy well-received by Thai consumers who appreciate point accumulation and special privileges.
Social media serves as a pivotal platform for product promotion, enabling customers to conveniently engage with representatives and make purchases. Moreover, companies are harnessing cultural festivals, like Loy Krathong, to provide enticing discounts and attract customers. Leading players like Coway employ bundle discounts and cross-selling techniques to promote their products. Additionally, trade-in promotions from companies such as Coway and PURE are enticing customers to upgrade by exchanging their old products.
Consumer concerns surrounding water quality, taste, and installation significantly influence purchasing decisions in Thailand's water purifier market. Market players effectively address these concerns by highlighting product features that alleviate these issues. For example, they emphasize their products' ability to efficiently remove pollutants from water, resulting in enhanced water quality and taste. Additionally, they emphasize filter life and replacement options, ensuring customers are well-informed about maintenance requirements.
In the residential water treatment market, systems priced between $300 USD and $600 USD constitute a substantial portion of sales by revenue. Popular technologies in Thailand include carbon and UV, although there is a growing preference for reverse osmosis, other membrane technologies, and ionizers. Reverse osmosis is expected to grow tremendously over the forecast period.
Key market players include Amway, Thiensurat Public Company Limited, Siam Cast Nylon Co., Ltd (Pure), Giffarine Skyline Unity Co., Ltd., Coway Co., Ltd., and Mazuma Co. Ltd.
The Thailand Residential Water Treatment Market report is segmented by POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, constraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
A copy of the Thailand Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, September 18, 2023 -- A recent analysis conducted by Verify Markets reveals that the Singapore Residential Water Treatment Market is experiencing consistent growth. The market's value has surpassed $35.0 million and is projected to exceed $50.0 million in revenue. The COVID-19 pandemic has instigated a notable shift in the attitudes of Singaporeans towards adopting healthier lifestyles. With a heightened awareness of the significance of maintaining good health and immunity, many individuals have taken a more proactive approach to enhance their overall well-being.
Technological advancements have been instrumental in propelling the market forward. Auto sterilization, a feature present in select water purifiers utilizing UV light and other technologies, has gained prominence. Key companies like 3M and Hydroflux emphasize attributes such as user-friendliness, straightforward filter replacement, and low maintenance. Some companies, like Cuckoo, Hydroflux, and Wells, have introduced products with rotating or adjustable faucets.
Furthermore, products offering hot, cold, and ambient water options are particularly sought after in Singapore. Nearly all major companies provide products with both hot and cold water functionalities. Notably, Cuckoo recently unveiled a product designed to deliver sterilized water for cleaning produce and baby bottles, claiming to even eliminate pesticides. Many brands are introducing various customer-friendly design elements, including magnetic drip trays, concealed/open trays, and other innovative features, all aimed at enhancing the overall user experience. These design enhancements are intended to make their products more convenient, efficient, and user-friendly.
Prominent players in the market include Hydroflux Marketing Pte. Ltd, NOVITA SG PTE LTD, The 3M Company, and Brita GmbH, among others. Ionizers and nanofiltration comprise over 50.0 percent of the Point of Use (POU) market in terms of technology revenue, while premium products priced above $900 USD account for over 50.0 percent of the market's revenue.
The primary competitive factors in this market revolve around sustainability and discounts. Brands like Novita, LivingCare, Aquakent, and 3M claim eco-friendly and sustainable attributes. LivingCare asserts that their product is eco-friendly with virtually zero standby energy consumption. Cosmo claims that its COSMO Quantum product conserves energy while in eco-saving mode. Novita aligns its product with Singapore's initiative to reduce greenhouse emissions, incorporating an instant heating system that minimizes carbon emissions. Markdowns, special deals, and promotional offers are commonly employed marketing strategies to entice customers and boost sales.
The Singapore Residential Water Treatment Market report is segmented by POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, constraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
A copy of the Singapore Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX, UNITED STATES, September 13, 2023 -- According to a recent analysis by Verify Markets, the United States Residential Water Treatment Market is witnessing a steady growth, particularly in the aftermath of the COVID-19 pandemic. This surge can be attributed to heightened health concerns, advancements in technology, and a growing emphasis on sustainability. Trust in bottled water over the years has been steadily declining and consumers are moving towards water filters.
Moreover, the market is being propelled by technological innovations such as Wi-Fi connectivity, mobile app control, voice commands, and compact designs, which are driving the demand for residential water treatment systems. However, the market faces challenges including heightened price sensitivity, government initiatives to enhance water quality, and a downturn in the housing market.
Given the highly competitive nature of the U.S. water treatment systems industry, companies must continuously innovate, differentiate themselves, and closely monitor consumer preferences and technological advancements to maintain their success. In 2022, the U.S. Residential Water Treatment Market was valued at over $2.2 billion, and it is projected to exceed $3.0 billion in the forecast period.
The point-of-use (POU) segment dominated the market in 2022, followed by the point-of-entry category. Carbon technology emerged as the most popular, closely followed by reverse osmosis, which has gained traction due to its high effectiveness in removing impurities from water. This includes contaminants like lead, bacteria, viruses, and various chemicals, addressing growing concerns about water safety and quality.
Notable companies in the POU market include Culligan International Company, Pentair Plc, Ecowater Systems, Rainsoft, The 3M Company, and Kinetico Incorporated. Within the point-of-use market, systems priced between $300 and $600 constitute over 35 percent of total revenues, followed by systems priced over $900.
Key players in the point-of-entry (POE) market include Culligan International Company, Kinetico Incorporated, EcoWater Systems LLC, A.O. Smith, Pentair Plc, Rainsoft, and The 3M Company.
The U.S. Residential Water Treatment Market report is segmented by POE systems, POU systems, pitchers, and replacement filters. The study is based on data from 2022, with forecasts provided until 2029. The report encompasses various market dynamics such as growth drivers, constraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.
A copy of the U.S. Residential Water Treatment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987
]]>SAN ANTONIO, TX, UNITED STATES, August 24, 2023 -- A new analysis by Verify Markets unveils the North American Air Compressor Rental Market has demonstrated a rapid resurgence following the aftermath of the COVID-19 pandemic. Notably, the years 2021 and 2022 witnessed remarkable growth, with increases of approximately 17.0% and 20.0%, respectively. This surge in demand can be attributed to extended equipment lead times and deferred facility maintenance that transpired during the pandemic's disruption.
Supply chain constraints exert a dual influence on the North American Air Compressor Rental Market. Extended lead times for new air compressors and repair parts have surged demand for rentals, driven by users facing equipment delays. Rental companies with robust supply chains capitalized on this, fueling market growth. Conversely, these constraints pose challenges for air compressor rental companies. Lengthened lead times and increased costs for new air compressors and components have disrupted manufacturing and fleet expansion plans.
Furthermore, the shortage of skilled labor is emerging as a critical constraint for rental companies, impacting multiple aspects ranging from equipment delivery and setup to installation and maintenance services. The scarcity of proficient technicians hampers system design and troubleshooting during repairs, thus constraining the growth potential of some companies.
Besides the aforementioned challenges, the air compression rental market is a mature, well-established market with strong demand across different customer segments. The benefits of renting versus owning equipment, urbanization, and construction growth, and demand from the petrochemical & refining segment are major drivers behind strengthening interests in air compressor rental.
The North American Air Compressor Rental Market report has been segmented by type of equipment (Oil-flooded, Oil-free, and Instrument Quality), end user, type of engine, horsepower range, and pressure. Main customers include petrochemical & refining, general manufacturing, pharmaceutical, food & beverages, construction, painting & sandblasting.
The petrochemical and refining sector remains a dominant force in the air compressor rental market, constituting a substantial 55.0 percent share of the oil-free air compressor segment. This sector's dynamics, influenced by evolving U.S. refinery trends and operational capacity, continue to shape demand patterns for air compressor rentals.
Similarly, the construction sector retains its dominance in the oil-flooded air compressor rental market, capturing 65.0 percent of the market share. The sector's extensive reliance on compressors for diverse construction applications underscores its pivotal role in the market's landscape. As urbanization continues to drive construction activity, the air compressor rental market is poised to benefit from heightened demand within the construction industry.
Oil-flooded air compressors are the most rented, representing 48.0 percent of the total air compressor rental market. IQ air compressors are seen as a cost-effective alternative to their oil-free counterparts in some categories where the perceived risk can be minimized and managed, and the economic benefit outweighs the potential risk factor of failure and oil contamination of the process.
Some of the key companies covered in this report include Atlas Copco USA Holdings Inc., Aggreko, LLC, United Rentals, Inc., Sunbelt Rentals, Inc., Herc Rentals Inc., CAT Dealership Network. This report provides an in-depth analysis of the overall North American Air Compressor Rental Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends and a competitive landscape assessment.
A copy of the North American Air Compressor Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
Our research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, TX, UNITED STATES, August 22, 2023 -- A fresh analysis by Verify Markets reveals that the North American Battery Energy Storage Systems (BESS) Market is experiencing significant growth, especially in the wake of recent technological advancements and regulatory shifts. In particular, 2021 and 2022 saw substantial developments, with market dynamics being influenced by factors such as grid stability, renewable energy integration, and electric vehicle growth. By the end of 2022 the battery energy storage systems industry in North America approached an incredible $5.0 billion in revenue, which is remarkable for a market that was in its infancy five years ago.
Supply chain dynamics play a pivotal role in the BESS market. Extended lead times for new battery systems and components have increased demand for advanced storage solutions, especially among customers facing equipment delays. Companies with efficient supply chains have leveraged this scenario, propelling market growth. On the flip side, these supply chain challenges have disrupted manufacturing plans and the expansion strategies of several firms in the BESS sector. Moreover, the scarcity of skilled labor in the BESS domain is becoming a significant challenge. This shortage affects various operations, from system design and installation to maintenance and troubleshooting. The lack of experienced technicians can hinder growth prospects for some companies in the market.
Despite these challenges, the BESS market is burgeoning, driven by the benefits of advanced storage solutions, urbanization, and the increasing integration of renewable energy sources. The North American BESS Market report segments the market by end user, battery chemistry, application, and capacity. Key sectors include residential, commercial, utilities, and transportation. Among the various battery chemistries, lithium-ion batteries dominate the market, given their high energy density and decreasing costs. Safety concerns and higher costs associated with Nickel Manganese Cobalt (NMC) batteries, as featured in current generation products like Tesla’s Powerwall and LG Energy Solution’s RESU Flex residential battery storage system, are shifting market dominance toward Lithium Iron Phosphate (LFP) batteries. However, emerging technologies like sodium-ion batteries are also gaining traction, offering cost-effective and sustainable alternatives.
The utility sector remains a dominant player in the BESS market, given the increasing need for grid stabilization and renewable energy integration. This sector's dynamics, influenced by evolving energy consumption patterns and regulatory frameworks, continue to shape demand for advanced battery storage solutions. Similarly, the residential sector is witnessing a surge in demand for BESS, driven by the increasing adoption of solar energy solutions and the need for backup power sources. As urbanization and technological advancements continue, the BESS market is set to benefit from increased demand across various sectors.
Key companies profiled in the North American Battery Energy Storage Systems (BESS) Market report include Tesla, Inc., Enphase Energy, LG Energy Solution, Fluence Energy, Panasonic Corporation, Samsung SDI, CATL, Stem Inc., Generac Corporation and BYD Lithium Battery. The report offers a comprehensive analysis of the North American Battery Energy Storage Systems (BESS) Market, capturing growth drivers, restraints, market revenues and forecasts, technological trends, and a competitive landscape assessment. Market share figures are available by battery chemistry, power range, application (prime, peak shaving, and standby power), connection type (front-of-the-meter, behind-the-meter, off-grid/rental), and company revenue.
A copy of the North American Battery Energy Storage Systems (BESS) Market research report can be obtained at www.verifymarkets.com.Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX July 12, 2023 – A recent analysis by Verify Markets of the North American Trench Shoring Equipment Rental Market reveals that it reached revenues of $1,858.5 million in 2022 and has experienced significant growth over the past three years, despite the challenges posed by the COVID-19 pandemic and supply chain limitations. The market has witnessed increased work activity, and it is anticipated to maintain a compound annual growth rate (CAGR) of over 6.0% from 2022 to 2029.
While the market has exhibited resilience and growth, it is anticipated to face a temporary deceleration in its expansion during 2023 and 2024. This slowdown can be attributed to a decrease in residential and non-residential construction activities and the complexities associated with implementing federal infrastructure funding. However, the market is expected to regain momentum as infrastructure expansion, investment in upgrading the pipeline and water infrastructure, heightened awareness, and enhanced regulations pertaining to trench shoring equipment usage come into effect.
One of the major driving factors for the North American Trench Shoring Equipment Rental Market is the Infrastructure Investment and Jobs Act, commonly known as the Bipartisan Infrastructure Law (BIL). This legislation, signed in November 2021, has allocated more than $1 trillion for infrastructure improvements across the United States, with specific funds allocated to transportation, water, and broadband infrastructure projects. The implementation of the BIL is expected to lead to increased construction activity, subsequently driving the demand for trench shoring equipment rental to ensure worker safety during construction.
Furthermore, the investment in upgrading pipeline infrastructure will drive the demand for trench shoring equipment rental. As more pipelines are upgraded and installed, the need for shoring equipment to ensure worker safety and prevent soil collapse during excavation and construction will increase. The oil and gas industry, in particular, maintains stringent safety requirements, making shoring equipment essential to meet those standards.
Among the different end user segments (water, wastewater, and storm infrastructure, oil & gas distribution infrastructure, transport infrastructure and electrical utility), the water, wastewater, and storm infrastructure sector represented half of the total market in 2022, and is expected to experience the higher increase during the forecast period, driven by the $55 billion allocated to water infrastructure by the BIL and the materialization of projects to upgrade the water infrastructure to reduce sewage overflows and comply with the Clean Water Act.
Some of the key companies covered in this report include United Rentals, Inc., Sunbelt Rentals, Inc., Herc Rentals, Inc., National Trench Safety, LLC, Trench Shoring Company, and D.P. Nicoli, among others. This report provides an in-depth analysis of the overall North American Trench Shoring Equipment Rental Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends and a competitive landscape assessment.
A copy of the North American Trench Shoring Equipment Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX July 12, 2023 -- A new analysis by Verify Markets on the North American Tank Degassing Market shows the market was valued at $165.2 million USD in 2022 and is expected to growth at a compound annual growth rate (CAGR) of over 8.0 percent from 2022 to 2029. Key market drivers in this market include expansion of oil & gas industry, increasing demand from petrochemical end users, geopolitical tension between Russia and European Union, and safety and evolving regulatory requirements on emissions. The key challenges include high competition, economic slowdown due to COVID-19, and a transition in end users’ industry, such as a shift from conventional resources of energy to renewable energy.
Thermal oxidation is the leading technology used for tank degassing across North America. Activated carbon, nitrogen purging, and internal combustion are other key technologies being implemented to carry out tank degassing. The market is evolving towards more energy efficient and eco-friendly technologies while prioritizing safety.
Oil & gas industry is one of the largest users of tank degassing services, followed by petrochemicals. Key players in this market include Envent Corporation, Evergreen North America Industrial Services, Clean Harbors, Inc., Vapor Point LLC, among others.
This report provides an in-depth analysis of the overall North American Tank Degassing Market. The report captures various market dynamics such market drivers, market restraints, end users’ industry outlook, technology trends, in addition to the following:
A copy of the 2023 North American Tank Degassing Market report be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, TX, June 26, 2023 -- A new analysis by Verify Markets shows the North American Boiler Rental Market valued at roughly $575 million in 2022. The market is mature, fragmented, and regionalized by specialty rental companies like WARE, Inc., Nationwide Boiler, Wabash Power Equipment and, more recently, Atlas Copco Specialty Rental. Currently, the market has very little direct exposure to the largest general equipment rental companies. Atlas Copco's 2019 market entrance with the acquisition of Powerhouse has been a turning point as a major multinational industrial brand entered the North American market. Verify Markets expects further consolidation in the years to come mirroring other specialty rental equipment categories.
Since the last time Verify Markets looked at the boiler rental industry 2017, the costs of boilers have nearly doubled. Amidst the pandemic, steel (often used in boiler construction) prices were up 50 percent. These higher steel prices have since gone down, but similar to the automotive industry, boiler OEMs have not passed the lower steel prices down to the customer. Now exists a general acceptance for the new higher boiler costs.
]]>SAN ANTONIO, TX, June 26, 2023 -- A new analysis by Verify Markets shows the North American Boiler Rental Market valued at roughly $575.0 million in 2022. The market is mature, fragmented, and regionalized by specialty rental companies like WARE, Inc., Nationwide Boiler, Wabash Power Equipment and, more recently, Atlas Copco Specialty Rental. Currently, the boiler rental market has very little direct exposure to the largest general equipment rental companies. Atlas Copco's 2019 market entry with the acquisition of Powerhouse has been a turning point as a major multinational industrial brand entered the North American market. Verify Markets expects further consolidation in the years to come, mirroring other specialty rental equipment categories.
Since the last time Verify Markets researched the boiler rental industry in 2017, the costs of boilers have nearly doubled. Amidst the pandemic, steel (often used in boiler construction) prices were up 50.0 percent. These higher steel prices have since gone down, but similar to the automotive industry, boiler OEMs have not passed the lower steel prices down to the customer, leading to a general acceptance for the new higher boiler costs.
Supply chain issues have caused delays in new manufacturing capacity for boilers. The lead time for a new piece of machinery is close to 1 year. Accordingly, customers are often required to rent when boilers require maintenance and/or replacement. Since the COVID-19 pandemic, there have been shortages in boiler elements; like pumps, electrical components, chipsets, etc. Rental companies and customers are encouraged to buy manufacturing capacity in advance to secure their necessary burners and boilers. With a limited supply of boilers available for purchase, companies are turning to rentals to meet their immediate needs.
Opportunities and Trends in Fire Tube, Water Tube, and Hydronic Boilers
Fire Tube Boilers are known for their durability and efficiency. Despite being one of the oldest designs, they continue to be in high demand due to their simplicity of design, ease of operation, and low cost of maintenance. The rental market for fire tube boilers remains strong due to their versatility and ability to handle a wide range of pressures.
Water Tube Boilers, on the other hand, are recognized for their high efficiency and capability to generate steam at high pressure and temperature. They're particularly suitable for heavy-duty operations, making them a popular choice for industries like power generation, petrochemicals, and district heating. Renting water tube boilers can help companies tackle peak loads without needing large capital investments, providing a substantial boost to the boiler rental market.
Hydronic Boilers offer unique benefits, including efficient heating and a compact design. This type of boiler transfers heat through water, making it a possible choice for space heating in hospitals, commercial and multi-family buildings, and for process heating applications in the food & beverage industry.
The steam boiler rental market in the U.S. and Canada is ripe with opportunities, driven by a mix of industry demand, rising equipment costs, fleet shortages, and long lead times for parts and maintenance. A well-funded capital group with the right technical know-how and fleet mixture could prosper and thrive within the boiler rental market.
More detailed information and a complete market analysis on the North American boiler rental industry is available in Verify Markets’ report entitled 2023 - North American Boiler Rental Market.
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Overall, 2022 was a very good year for growth for the power generation equipment rental industry. One of the main factors driving market growth was supply chain disruptions, which have led to longer lead times for new generators and replacement parts. Accordingly, rental generators have been increasing used due to delays in replacement and maintenance cycles of old equipment. It is also increasingly common for new installations to use rental equipment until permanent generators are delivered. Other drivers include recovery of non-residential construction activities, aging power infrastructure, and higher oil & gas prices, which have also contributed to above average market growth rates for 2022.
]]>SAN ANTONIO, TX, February 1, 2023 -- A new analysis by Verify Markets shows the North American Power Rental Market valued at $1,645.5 million in 2022. The North American Power Rental Market is mature and fragmented, although it has experienced a great deal of consolidation where large national rental companies have been acquiring small, regional competitors and specialty rental providers.
Overall, 2022 was a very good year for growth for the power generation equipment rental industry. One of the main factors driving market growth was supply chain disruptions, which have led to longer lead times for new generators and replacement parts. Accordingly, rental generators have been increasing used due to delays in replacement and maintenance cycles of old equipment. It is also increasingly common for new installations to use rental equipment until permanent generators are delivered. Other drivers include recovery of non-residential construction activities, aging power infrastructure, and higher oil & gas prices, which have also contributed to above average market growth rates for 2022.
“In 2023, the power rental market is expected to experience lower demand due to the threat of a U.S. recession, lower oil & gas prices, and supply chain constraints. Fear of impending recession is leading some rental companies to reduce their demand for new equipment. However, economic uncertainty can make some customers opt to rent generators in lieu of making the long-term commitment to purchase equipment. This situation is projected to reduce the impact of an economic recession in the power rental industry,” states Georgina Carraway, Research Manager for Verify Markets.
Besides a risk of an economic recission, rental companies have been deterred by stringent environmental regulations, specifically the Environment Protection Agency’s (EPA) Tier IV Final implementation in the United Sates, and the prospects of Tier V emission standards in California and supplemental corresponding federal-level regulations.
The Energy-as-a-Service (EaaS) model has been impacting the power rental for long-term rental applications. EaaS is a financing model that enables customers to avoid the upfront capital expense of purchasing a microgrid by offering a multi-year contract where the customer only pays for energy used while the service provider assumes the risk of ownership for all microgrid equipment. Energy-as-a-service is growing rapidly as a type of long-term power rental option for larger electricity customers, including oil & gas, mining, large industrial, and mission critical facilities such as hospitals and data centers, which are looking to lower their carbon footprint, increase resiliency, and offset the power they buy from the local utility.
The North American Power Rental Market report has been segmented by type of fuel type, application, end user industry, and output range. Main customers include industrial, oil & gas, utility, construction, commercial, and entertainment, among others. In 2022, the industrial sector represented the majority share of the total power rental market in North America. The industrial segment includes petrochemicals and refining facilities, mining, manufacturing plants and processing, etc. These companies use rental generators for maintenance, standby power in case of emergency, and seasonal peak shaving. Among the different end user segments, the industrial, utility, and commercial sectors are likely to experience high growth during the forecast period.
Some of the companies mentioned in this report include Aggreko plc., Caterpillar, Inc., United Rentals, Inc., Sunbelt Rentals, Inc., Herc Rental Services, Trane Technologies, Carrier Rentals, H&E Equipment Services, Sunstate Equipment Co., Enchanted Rock, Tangent Energy Solutions, Mesa Solutions, and Doosan Portable Power, among many others. This report provides an in-depth analysis of the overall North American Power Rental Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecast, technology trends, and competitive landscape.
A copy of the North American Power Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Rental Equipment & Power Solutions market research and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, TX December 20, 2022 -- A new analysis by Verify Markets estimates that the North American Temporary Cooling Market is approaching $1.0 billion for 2022 and is expected experience strong growth during through the forecast period. Demand for temporary cooling equipment has rapidly increased over the last two years driven by longer lead times for new cooling equipment, the recovery of construction activities, expansion and upgrading of datacenters, and warmer weather conditions.
The COVID-19 pandemic has affected the production of system component parts due to the closure of many factories and supply chain delays within affected countries, especially in Asia. Port congestion, truck driver shortages, and rising raw material costs are also important factors contributing to supply chain constraints. Lead times have increased dramatically, and delays are expected to continue for the near-term.
“There are longer lead times for new HVAC equipment and for replacement parts. Supply chain disruptions have benefited the cooling rental market as temporary equipment is used during both replacement and maintenance efforts and for new installations. Rental duration has also increased. On the other hand, rental companies are also facing longer lead times for new equipment and parts needed to expand and maintain their fleet. As a result, fleet utilization rates have significantly increased over the last two years,” states Research Manager for Verify Markets Georgina Carraway.
Another important factor contributing to future market growth includes the recovery of the construction sector. Non-residential building construction spending is expected to expand 9.1% for 2022. During construction and/or expansion efforts, contractors tend to rent cooling equipment to reduce downtimes while awaiting delivery of newly ordered air conditioners.
The North American Temporary Cooling Market report has been segmented by equipment type, air-cooled versus water-cooled, capacity, and end user industry. Main customers include industrial, healthcare, commercial buildings, education, datacenters, events, and others. In 2022, the industrial sector is expected to represent a majority share of the total temporary cooling market in North America. The industrial segment includes petrochemical and refining facilities, manufacturing, and processing plants, etc. These industries use rental cooling equipment for both process cooling applications and for backup cooling during equipment failures, repairs, and scheduled maintenance.
There is an increasing trend of industrial process cooling for specialty water chilling applications for the rental industry, especially where cooling is needed for a limited period of time and where a capital expenditure for outright purchase of a water chiller does not make sense. Testing requirements, oil refining & chemical processing, seasonal food products, ice-skating rinks, cold storage, and standby services are some examples for water-cooled chillers.
The U.S. Environmental Protection Agency (EPA) predicts at least 40 states will have water shortages by 2024. Accordingly, water management is becoming a risk management issue for industrial and datacenter customers. To decrease water dependability and contribute to conservation efforts, datacenter managers are focusing on implementing precision cooling strategies that improve water usage effectiveness (WUE). Some of the strategies include economizing air-cooled chillers to incorporate an additional coil upstream to provide economization as ambient and facility-operating conditions allow and pairing water-cooled chiller plants with adiabatic dry coolers, especially during peak temperature days. Water efficiency efforts have the potential to be “low hanging fruit” to implement, benchmark, and assess the benefits of digital transformation for the process cooling and rental industries.
Some of the companies covered in the North American Temporary Cooling Market report include Aggreko plc., Caterpillar, Inc., United Rentals, Inc., Sunbelt Rentals, Inc., Trane Rental Services, Carrier Rentals, Resolute Industrial (Mobile Air & Power Rentals), Daikin Applied Americas, and TEM-Total Environmental Management, Inc., among others. This report provides an in-depth analysis of the overall North American Temporary Cooling Market . The report captures various market dynamics such as growth drivers, restraints, market revenue, market forecast (2022-2029), technology trends, and competitive landscape.
A copy of the North American Temporary Cooling Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
SAN ANTONIO, October 20, 2022 -- A new analysis by Verify Markets shows that the North American Cooling Towers: OEM and Rental Markets is projected to grow due to demand from oil refineries and the commercial segment. The OEM market for cooling towers is expected to witness a CAGR of over 4.0 percent and the rental market is expected to witness a double-digit growth rate.
Key trends within the market include environmentally responsible cooling systems, remote monitoring and pre-assembled cooling towers. Some of the key drivers within the market include investments, increasing construction activities, high demand from data centers, and an aging infrastructure. Cooling towers with advanced, modular designs are often constructed of heavy mill galvanized or stainless steel and are growing at a higher rate as compared to field-erected cooling towers.
End users prefer buying cooling towers as compared to renting. The rental solution is short-term and considered very expensive. For any critical operation, where stable operating temperatures are required, end users generally buy more cooling towers than they need as a backup rather than renting. Aggreko led the rental market in 2021, followed by Sunbelt in the second place.
Competitive market - The North American cooling towers market is highly competitive. The OEM market was led by SPX Cooling Technologies, Inc. in 2021. Wet cooling towers are most commonly used in the market. They are considered to be environmentally-friendly and have better efficiency as compared to dry cooling towers. Wet cooling towers made up more than 80 percent share by revenue in 2021.
Some of the key companies in the North American Cooling Towers Market covered in this report include Sunbelt Rentals, United Rentals, Trane Rental Services, Carrier Rentals, Caterpillar Inc., Midwest Cooling Tower Services, LLC., SPX Cooling Technologies, Inc., Evapco, Inc., Baltimore Aircoil Company, Cooling Tower Depot, Inc, International Cooling Tower, Inc., Resolute Industrial Holdings, LLC, Herc Rentals, Total Environmental Management, Inc. Power Mechanical, and Cooling Tower Depot, Inc, Delta Cooling Tower, Babcock & Wilcox Enterprises, Inc., Midwest Cooling Towers, Inc., OBR Cooling Towers Inc., J.E. Johnson, Inc., United Metal Products, Ershigs, Inc., Thermal Care, Inc., Bondtech Corp., Berg Chilling Systems, Inc., Advantage Engineering, Inc., Pioneer Air Systems, Inc., Pre-Heat, Inc., Samco Technologies, Inc., Star Cooling Towers, Brentwood Industries, Inc, Cooling Tower Systems, Inc., American Cooling Tower Inc., Amcot Cooling Tower Co, Cooling Towers LLC, Noya, Inc., REYMSA COOLING TOWERS, INC., and others.
For the purposes of this study, the North American Cooling Towers: OEM and Rental Markets analysis was focused on the cooling tower projects. Chillers, air conditioners, and spot coolers were considered out of scope for this study and have been excluded from the analysis. The base year for the study is 2021 and the forecast period is from 2021 until 2028.
This study captures the following information on the North American Cooling Towers Market: Market Size, Growth Rate, Revenue Forecasts (2021-2028), Growth Drivers & Restraints, Market Share Analysis by End users, by Cooling Towers Type, by Cooling Towers Form, by Country, by Cooling Towers Capacity, by Cooling Towers Construction, by Service, and Others, Rental Market Forecasts (2021-2028) and Market Estimations, Market Trends, and Quotes by Key Industry Participants.
A copy of the North American Cooling Towers Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Rental Equipment & Power Solutions Subscription market research and consulting practice. Other market reports include:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987.
]]>SAN ANTONIO, September 20, 2022 -- A new analysis by Verify Markets shows that the North American Pump Equipment: OEM and Rental Markets is projected to grow over 7.0% in 2022. The market is expected to be driven by increasing oil & gas prices, population and urbanization growth, the consequential increase in residential and non-residential construction activities, and water and wastewater infrastructure expansions and upgrades. Revenues derived from pump equipment rental were estimated to be over $1.5 billion in 2021 and reach over $2.5 billion in 2028. Sales of new pump equipment were estimated to be over $2.0 billion in 2021 and expected to grow at a CAGR of over 3.0% from 2021 to 2028.
“Most pump equipment OEMs have been affected by supply chain constraints. However, longer lead times for new pump equipment has benefited the rental market. Rental pumps are used during replacement of old equipment or in new installations,” notes Georgina Carraway, Research Manager at Verify Markets.
Shortage of skilled personnel has also been limited the growth potential of the market during 2021. North American pump rental companies and OEMs are having difficulty finding and retaining skilled talent. This shortage can often result in poor system design, installation, and difficulty in troubleshooting a problem during maintenance and repair. To overcome this challenge, companies are focusing on training and increasing the incentives for existing employees. Some companies are also focused on growing their digital-enabled service capabilities to move from a scheduled-based maintenance model to a usage-based, predictive maintenance.
Despite these challenges, companies are optimistic about the future. The municipal and construction market segments are projected to continue expanding during the next years due to urbanization, population growth, and aging water infrastructure. Moreover, market participants expects that the U.S Infrastructure Bill will boost the demand for pump equipment in these sectors during the forecast period.
The North American Pump Equipment: OEM and Rental Markets report has been segmented by end user, type of pump and pump size. Main customers include municipality, construction, oil & gas, industrial, and mining. The oil & gas sector is one of the main end users of pump equipment in North America. As rising oil & gas prices have increased profit margins in the sector, companies are expanding existing plants, driving the pump retrofit market. In the long-term of the forecast period, the oil & gas sector is expected to reduce its share of the market, as long-term capital investment in the hydrocarbon industries is projected to decrease.
Some of the key companies covered in this report include major rental market participants like Sunbelt Rentals, United Rentals, Xylem Inc. (Godwin), Rain for Rent, and HERC Rentals Inc., Global Pumps, Mersino Equipment Rental, MacAllister Machinery Company, Inc., and Moving Water Industries (MWI Pumps), among others. Major OEM market participants include Flowserve Corporation, Xylem Inc., Sulzer Ltd., ITT Gould Pumps, KSB, Wilo, Gundfos, EBARA International Corporation, Gorman-Rupp Pumps, and Pentair, among others. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecast, technology trends and competitive landscape.
A copy of the North American Pump Equipment: OEM and Rental Markets research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Rental Equipment & Power Solutions Subscription market research and consulting practice. Other market reports include:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987
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San Antonio, TX - August 23, 2022 -- A new analysis by Verify Markets shows the North American Outdoor Drinking Fountains Market was valued at over $30.0 million in 2021. The market is expected to witness slow growth during the forecast period (2021-2028). Key factors driving growth include an emphasis on environmentally-friendly drinking water solutions, school mandates, the infrastructure bill, grants, financial aid, rising health consciousness, and instances of extreme warm weather. Growth in bottle filling stations with reliable plumbing infrastructure and in-built filters will likely result in a demand shift from bottled water to water dispensing systems. Outdoor drinking fountains with bottle fillers are in demand, capturing over 35.0 percent of the market.
State governments and municipalities are extensively promoting water fountains and bottle filling stations at public places such as recreational centers and national parks, among others, with the primary aim to reduce plastic waste. Additionally, states across U.S. have been introducing bills to ensure accessibility to clean potable water for children. Demand for drinking fountains and bottle-fillers will grow with increasing health awareness and plastic waste awareness in citizens.
“Educational institutes are expected to undergo an increased demand for drinking fountains in the coming years. The demand will likely be driven by mandates to provide free potable water in schools and rise in condominium construction,” notes Shilpa Tiku, Chief Research Officer and Partner at Verify Markets.
Pricing plays a significant role in the outdoor drinking fountains market since the demand is highly dependent on economic conditions and funding. Depending upon the material and features, the price for drinking fountains ranges from $564.00 to more than $16,000.00. Nearly 50.0 percent of the drinking fountains are available at lower-mid price range ($2,000.00-$5,000.00).
Key challenges in the North American Outdoor Drinking Fountains Market include sustaining a volatile economy and changing regulations, threat of substitution (the convenience offered by bottled water), deteriorating plumbing infrastructure, poor water quality, and COVID – 19 and elevated hygiene concerns. COVID-19 has resulted in supply chain bottlenecks, and labor shortages which has significantly impacted companies’ operations such as increased lead times. This has resulted in increased operating costs, thereby impacting the market share. Companies with robust distribution network were able to retain customers and sustain market share. The key players in this market include Most Dependable Fountains, Inc., Haws Corporation, Elkay Manufacturing Company, Murdock Manufacturing, Inc., Stern-Williams Products, LLC, and Willoughby Stainless Fountains.
Trends -
A copy of the North American Outdoor Drinking Fountains Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987
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San Antonio, TX - July 27, 2022 -- A new analysis by Verify Markets shows the United States PFAS (per-and polyfluoroalkyl substances) Analytical Instrumentation Market was valued at over $75.0 million USD in 2021 and expected to grow at a compound annual growth rate (CAGR) of over 20.0 percent from 2021 to 2028, reaching revenues over $350.0 million USD by 2028. Currently, the market is dominated by a few companies that hold a significant market share. Key competitors have an advantage with brand recognition. However, it is unlikely for a dominant player to emerge by capturing the majority of market share in the future as new players are likely to flood the market with intensifying competition.
Main drivers for PFAS analytical instrumentation demand is increased awareness about the widespread prevalence of PFAS contamination, approval of PFAS Action Act of 2021 by the U.S. House of Representatives and the $10.0 billion funding allotted to address PFAS contamination through President Biden’s Bipartisan Infrastructure Law. The PFAS Action act is likely to significantly fast-track the process for categorizing certain PFAS compounds as unsafe and allow the EPA significant discretion over future PFAS regulation.
“States are increasingly taking action and developing limits. Once PFAS is discovered and determined to be in concentrations that can likely be harmful to human health, each individual state will likely implement more stringent limits. This will have a larger economic effect and higher market revenue,” notes Shilpa Tiku, Chief Research Officer at Verify Markets. “With increasing awareness and public outrage regarding PFAS, PFAS manufacturers will likely continue to be sued. In addition to utilities, there are several manufacturers and companies that are responsible for contamination that are worried about being fined from a litigation perspective.”
The initial market growth spike is likely to be driven by commercial testing laboratories, utilities, and regulatory bodies. In 2021, commercial testing laboratories have emerged as the largest end user segment of PFAS analytical instruments, followed by wastewater treatment utilities. There has been a growing concern among companies that manufacture products that utilize PFAS in some aspect of the manufacturing process, or end product, about being subjected to PFAS product liability lawsuits. An increased understanding of the potential health impact of unknown PFAS compounds is likely to put pressure on more industries to start testing and limiting PFAS in their products in the future. The long-term market growth is likely to be sustained by industries, academia, and regulatory bodies.
The key factors influencing sales of PFAS analytical instruments are ease of use, data reproducibility and reliability, low cost of ownership, and prompt after sales customer service. Companies are increasingly integrating service offerings and consumables to help customers improve productivity and operational efficiency.
The demand for LC-MS/MS instruments from manufacturers of products containing PFAS is likely to increase in future. The manufacturers need to understand PFAS contributing products and detectable contamination guidelines. Companies must have an opportunity to assess and correct the situation before facing significant fines and litigation. Most of the PFAS regulation in the United States, is likely to be focused on limiting total PFAS where measurement of overall PFAS through a combustion IC (ion chromatography), or CIC, technique will be useful in understanding what level of treatment is needed based on the level of contamination.
The complexity of the instrumentation and shortage of experienced professionals for PFAS analysis are likely to be the barriers in widespread adoption of PFAS analytical instrumentation. There is limited or no toxicity data available for most of PFAS currently being used in commerce, and it is challenging for the EPA to research and understand the risks these substances may pose to human health and the environment in the short-term.
The United States PFAS Analytical Instrumentation Market report has been segmented by technology, end-user, and distribution channel. Some of the key companies covered in the report include Thermo Fisher Scientific Inc., Shimadzu Corporation, Agilent Technologies, Inc., Perkin Elmer and Metrohm AG. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecast, market trends, and the competitive landscape.
A copy of the United States PFAS Analytical Instrumentation Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Water and Wastewater Treatment Subscription market research and consulting practice.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
]]>SAN ANTONIO, July 12, 2022 -- A new analysis by Verify Markets shows the African Power Rental Market was valued at $1,065.2 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of over 8.0% from 2021 to 2028. The growth will primarily be driven by low electrification, high population growth, and increasing investments in infrastructure projects in the construction, mining, and tourism industries in Egypt, South Africa, and Nigeria. Higher commodity prices are also fueling investment in the mining and oil & gas sectors, driving the demand for power rental in the region.
“International power rental companies are concentrating their efforts in compelling local end users about the benefits of renting versus buying generators. International market players have stated that national companies, especially in the oil and gas sectors, are more prone to either buy generators or to rent from local rental companies,” stated Georgina Carraway, Research Manager with Verify Markets.
Among the six countries analyzed in the report (Algeria, Angola, Egypt, Ghana, Nigeria, and South Africa), Nigeria is projected to experience the highest growth rate (over 10.0 percent), driven by lack of electricity infrastructure and increasing demand from a rapidly expanding industrial segment. The South African market was the largest in terms of revenue in 2021, representing around 30.0 percent of the African market. South Africa has suffered from incessant power cuts, with power utility Eskom unable to provide the electricity its growing population requires. Accordingly, power renal companies have an opportunity to provide grid stability through rental solutions.
Despite the market potential, power rental companies are under threat from cleaner, more environmentally friendly technologies. Increasing renewable energy capacity is projected to affect the power rental market negatively as more rural communities and remote areas are expected to replace their energy consumption from diesel generators for new centralized generation renewable energy facilities. Nevertheless, this is not expected to hinder growth in the short- to medium-term. The relatively low cost of generators, in addition to its greater power generation capacity, will ensure that this remains the first choice for most end users.
The continuous and prime power segments account for the biggest portion of the market, owing to increasing load shedding, the unreliability of the power grid, and the lack of electricity infrastructure. Sectors like mining, oil & gas, and construction require a continuous supply of power since they are far from the electric grid. Prime power rental is demanded by facilities that require a primary power source apart from the utility grid; such as oil & gas, military, agricultural, and water and wastewater treatment facilities, among others.
The African Power Rental Market report has been segmented by type of contract, fuel, application, power output and end user. Main customers include oil & gas, mining, utilities, industrial and construction. For 2021, the oil & gas and mining customers together comprised almost 50.0 percent of overall market share. Africa is a major producer of many key mineral commodities with bountiful reserves of metals and minerals such as gold, diamond, cobalt, bauxite, iron ore, coal, and copper across the continent. The oil & gas and mining segments are expected to continue dominating the market, driven by the recovery of the commodity prices.
Major player Aggreko plc has two types of businesses in Africa: “local business” (transactional rental) and “projects”. The company mainly operates under the project model, which represents an estimated 75.0 percent of Aggreko’s revenues. Barloworld is the largest Caterpillar dealer in the region and Mantrac is the second-largest Caterpillar dealer in Africa, in terms of rental power. Some of the companies covered in this report include Aggreko plc., Barloworld, Mantrac, Mikano International Limited, Jubaili Bros, Generator Plant Hire, New Way, Atlas Copco, Grupo Vendap, Bundu Power, Amimer Enérgie SPA, Bergerat Monnoyeur Algerie, Himoinsa, JA Delmas, Globale Realisation SARL, African Power Services, BIA Group, Eagle Pride Power, Powerhouse, EURL SAMISEC, Asfour engineering, ELKatamy, Power Rent, CPT Gorup, TAQA Arabia, Sakr Power Generation, G&J Technical Services, Anointed Electrical Engineering, Services Limited, Davero Engineering, Power & Co Engineering Ltd., Iskus power ltd, and Konnected, among others.
This report provides an in-depth analysis of the overall the African Power Rental Market, by country and as a continent. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecast, technology trends and competitive landscape.
A copy of the African Power Rental Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research subscription and consulting practice. Other power rental market reports:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987
]]>SAN ANTONIO, TX, UNITED STATES -- A new analysis by Verify Markets shows the Global Temporary Power Projects Market was valued at $2,062.0 million in 2021 and is expected to continue growing at a compound annual growth rate (CAGR) of over 7.0 percent from 2021 to 2028.Temporary power projects are defined as generators over 400 kVA that are rented through short- to medium-term contracts. These contracts generally have a fixed rental cost based on the power output and a variable operation and maintenance cost based on the electricity generated or the hours of operation.
"Many power rental companies have stated that large end users are increasingly requiring complete energy solutions that involve operation and maintenance services. Moreover, some companies are expanding their services to include fuel provisions, site permits, and more,” states Senior Consultant for Verify Markets Georgina Carraway.
The COVID-19 outbreak has had a negative impact on revenues for temporary power companies in 2020 and 2021. Most companies have been affected by lower demand and supply chain constraints. However, the market has been recovering and is expected to experience higher than pre-pandemic growth rates in 2022, driven by the expansion of mining and oil & gas activities and the lack of government investment in energy infrastructure in most developing countries.
Among the different regions, the Middle East & Africa region held the majority of the temporary power projects opportunity with 47.1 percent of the global market. Middle East & Africa is also the fastest growing region. In 2021, the oil & gas and mining sector combined represented almost half of total temporary power opportunity in world. This segment is expected to continue dominating the market driven by the rapid increase in the oil & gas and metal prices.
The Global Temporary Power Projects Market report has been segmented by region (Middle East & Africa, Latin America, Asia Pacific, and Europe), fuel, output, application, and end user. Main customers include utilities, mining, oil & gas, and industrial. Utilities have traditionally been one of the main end users for temporary power projects to supplement the power demand while expanding the permanent energy capacity or during periods of high electricity demand. They also rent generators to provide electricity to remote areas. Power projects are highly preferred in the mining and oil & gas industries since the companies prefer to outsource the power generation to a rental company, concentrate on their core business, and not worry about equipment operation, maintenance, and fuel provision.
Some of the key companies covered in the 2022 Global Temporary Power Projects Market report include Aggreko plc, Caterpillar, Inc., Altaaqa Global, APR Energy, Tecnogera-Locação E Transformacao de Energia Ltda, A Geradora Aluguel de Máquinas S.A., and Clarke Energy. This report provides an in-depth analysis of the overall Global Temporary Power Projects Market. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends and a competitive landscape assessment.
A copy of the 2022 Global Temporary Power Projects Marketresearch report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Rental Equipment & Power Solutions Subscription market research and consulting practice. Other market reports include:
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1.210.595.6987
]]>San Antonio, Texas -- A new analysis by Verify Markets on the North American Water Dispensing Solutions/Drinking Fountains Market shows the market was valued at $269.5 million USD in 2021 and is expected to grow at a compound annual growth rate (CAGR) of over 5.0 percent from 2021 to 2028. Key market drivers in this market include emphasis on environmentally friendly reusable and refillable bottles, smart products, the COVID-19 pandemic, and rising health consciousness. The key challenges include sustaining a volatile economy and changing regulations, the threat of substitution - convenience offered by bottled water, and poor water quality from deteriorating plumbing infrastructure.
“Water dispensers with antimicrobial surfaces are gaining momentum after the pandemic. Leading players are increasingly emphasizing surface hygiene and containing the growth of microorganisms by incorporating new material technologies in their units,” notes Shilpa Tiku, Chief Research Officer at Verify Markets. Bottle filler units are now the leading type of products sold.
The market is gradually evolving towards smart products. In addition to conventional filter replacement alerts, the latest water dispensing solutions, especially bottle filling stations, are equipped with features such as display depicting number of plastic bottles saved, real-time monitoring for fault detection, and remote monitoring, among others. Leading players in the water dispensing solutions space emphasize sustainability in their marketing communications. Healthy hydration, plastic-free, good for the planet, pet-friendly, and supporting healthy growth in children are some of the key claims being promoted by market players.
Indoor applications made up most sales revenues in 2021. The educational institutes and offices/corporate end user groups together made up 70.0 percent of the revenues and replacement units accounted for over half the sales in 2021. Key players in this market include Elkay Manufacturing Company, Oasis International, Haws Corporation, Murdock Manufacturing, Inc., Most Dependable Fountains, Inc., Filtrine Manufacturing Company, Stern-Williams Products, LLC, and several others.
This report provides an in-depth analysis of the overall North American Water Dispensing Solutions/Drinking Fountains Market. The report captures various market dynamics such market drivers, market restraints, product and design trends, retrofitting, customization, pricing trends, in addition to the following:
A copy of the North American Water Dispensing Solutions/Drinking Fountains Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Water and Wastewater Treatment Subscription market research and consulting practice.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
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