2021 NORTH AMERICAN ELECTRICAL DISTRIBUTION EQUIPMENT RENTAL MARKET

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Verify Markets' North American Electrical Distribution Rental market research report includes market size, growth rates, vertical end-user split, competitive market share data and revenue forecasts from 2020-2027 for the United States and Canada.  The study is a comprehensive analysis including market share splits by type of equipment (transformers, panelboards and switchboards, switchgears, other distribution equipment), voltage (low voltage, medium voltage, high voltage), end user group (oil & gas, construction, utility, commercial, industrial, entertainment, others) and market shares by revenue for rental providers.  Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included. Executive summary available, please email us at info@verifymarkets.com.

[Published February 2021] 

The North American electrical distribution equipment rental market is mature and competitive with the presence of local, regional, and national market participants. The market has experienced moderate to steady growth during the last few years and has been affected by the COVID-19 pandemic during 2020. However, increasing urbanization and population growth, the recovery of the industrial activity, and aging power infrastructure are projected to drive the demand for electrical distribution equipment rental during the next seven years.

This study aims to provide a detailed analysis of the North American electrical distribution equipment rental market along with qualitative trending information for the year 2020.

The market numbers included in this report represent revenues generated by companies operating in the United States and Canadian electrical distribution equipment rental market. The base year for the study is 2020 and the forecast period is from 2020 until 2027.

This study captures the following information on North American Power Rental Market:

  • Market Size, Growth Rate, Revenue Forecasts (2020-2027)
  • Growth Drivers & Restraints
  • Market Data
  • Market Share Analysis
  • Market Trends

    Companies Featured:  Aggreko plc, United Rentals, Inc., Cummins Inc., Sunbelt Rentals, Inc., Sunbelt Transformer, Ltd., Caterpillar Inc., Herc Rentals, Inc., and Trinity Power Corporation, among others.

    Customer segments include:

    • Construction - Construction sites commonly use transformers that range from 2,500 kVA to 5,000 kVA. Distribution panels are also used to ensure the safe distribution of power. Other equipment used include fusible switches, cables, and circuit breakers.
    • Oil & Gas The oil & gas industry uses electrical distribution equipment in upstream, midstream, and downstream applications. Dry-type transformers are more common in the oil & gas segment where the demands for safety and reliability are particularly stringent.
    • Utility -Utilities rent backup transformers in case of planned or unplanned maintenance. Liquid filled transformers are used in the utility segment due to the necessity of higher outputs. Typically, the ratings range from 115kVA up to 60 MVA. A switchgear is also use at solar plants to supplement for redundancy and change outs.
    • Commercial - Includes office buildings, restaurants, resorts, offices, shopping malls, schools, healthcare centers, enterprise, and data centers. Data centers are heavily dependent on temporary power. Electrical distribution equipment, such as transformers and power distribution panels, form an integral part of their operation.
    • Industrial - Industrial end users are comprised of factories and manufacturing units such as semiconductors, pulp and paper, food processing units, marine, chemicals, petrochemicals, rubber, metals, and mining. Both dry-type and liquid filled transformers are typically used in manufacturing applications. Larger manufacturing plants use liquid filled transformers from 111kVA to 10MVA, while medium and smaller manufacturers use dry type transformers ranging between 16kVA – 4MVA.
    • Entertainment - Includes television broadcasts, movie productions, sporting events, concert touring, and major corporate events that often rely on temporary power distribution. 

     

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