2024 Australia & New Zealand Power Rental Market

This analysis on the Australia & New Zealand Power Rental Market indicates that its value reached $570.1 million USD in 2023 and is projected to experience a compound annual growth rate (CAGR) exceeding 3.5% from 2023 to 2030. The market is propelled by several factors including an unreliable power grid, insufficient investment in power infrastructure, heightened demand from the construction sector, a burgeoning entertainment industry, weather-related incidents, increasing electrification, and the integration of intermittent sources of electricity. Additionally, the forecast period anticipates the emergence of new opportunities for power rental companies in the region with the growth in hydrogen production and the expansion of data centers. Nevertheless, challenges such as intense competition, economic slowdowns, shortages of skilled personnel, and logistical and freight obstacles persist.

In terms of industry trends, telematics, decarbonization efforts, the adoption of hybrid generator sets, and the gradual incorporation of battery energy storage systems are prominent. Presently, approximately 88.6 percent of rental generators in Australia & New Zealand rely on diesel, but there's a shift towards more energy-efficient and eco-friendly technologies to meet emission regulations at end-user levels.

The mining sector stands as one of the primary consumers of power rental services in both countries, closely followed by the construction industry. Key market players encompass Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and Kohler Co. (Clarke Energy), among others.

Report Scope

This Australia & New Zealand Power Generation Rental market research report includes market size, growth rates, vertical end user split, competitive market share data and revenue forecasts from 2023-2030 for the Australia & New Zealand markets. The study is a comprehensive analysis including market share splits by fuel type (diesel, natural gas, others), output power, application, end user group and rental provider. Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included in this analysis of the temporary power opportunity.

This study aims to provide a detailed analysis of the Australia & New Zealand Power Rental Market along with qualitative trends for the year 2023. The market numbers included in this report represent revenues generated by companies operating in the power rental market in Australia & New Zealand. The base year for the study is 2023 and the forecast period is from 2023 until 2030.

This study captures the following information on the Australia & New Zealand Power Rental Market:

• Market Size, Growth Rate, Revenue Forecasts (2023-2030)
• Growth Drivers & Restraints
• Market Data
• Quotes by Key Industry Participants
• Market Share Analysis
• Market Trends

Major Companies Featured: Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty. Limited (Seven Group Holdings), Kohler Co. (Clarke Energy), Total Generators, APR Energy (Atlas Corp.), Hirepool Ltd., Generator Rental Services Limited, Atlas Copco, Blue Diamond Machinery Pty. Ltd., East Coast Generators, and Kennards Hire Australia, among others.

Based on the mode of operation, electric power generators can be classified into:

• Prime Power: Prime power generators are designed to operate continuously for extended periods of time at variable load.
• Standby Power: Supplying emergency power during the duration of normal power interruption. Standby power is run only when there is an outage to the utility grid or there is a disruption in the main source of power.
• Peak-Load: Peak load is a period in which electrical power is provided at a significantly higher than average supply level. Peak Shaving is the process of reducing the amount of energy purchased during peak hours when the charges are highest.