March 09, 2023 09:00 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, March 09, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - As per a TMR study, the generator rental market was valued at US$ 4.7 Bn in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2031. Portable generator
Generators are products which are used to ensure consistent supply of electricity during a power outage. Generators are available in four different power ratings- below 100 kVA, 100-500kVA, 501-1000kVA, and above 1000kVA.
However, not all enterprises globally can afford to purchase generators and as a result are likely to seek rental generators to meet their needs. Some of the benefits associated with renting generators are low maintenance costs, zero installation expenditure, easy scalability, and improved flexibility