Global power rental market witnessed a massive spike in demand with the outbreak of COVID-19 has several industries resorted to cost cutting. The benefit of renting equipment versus purchasing and installing it has earned the global power rental market higher profits in short span of time. According to Fairfield Market Research, easy availability of power rental has increased its popularity in regions that have low-grid infrastructure. Furthermore, its affordability is also expected to be a primary key driver. Preliminary findings indicate that renting a 20 KW diesel generator costs USD100-USD150 a day as compared to purchase costs between US$ 2,500-3,000. Thus, as benefits outweigh the cons, analysts anticipate that the global power rental market will see an unprecedented rise between the forecast years of 2021 and 2025.
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