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Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power rating (Up to 50 kW, 51- 500 kW, 501-2000 kW, Above 2500 kW), Application, End-user and Region - Forecast to 2029

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    Report

  • 287 Pages
  • March 2024
  • Region: Global
  • Markets and Markets
  • ID: 5178596
Description Jump to:
The global power rental market is forecast to reach USD 14.2 billion by 2029 from an estimated USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period (2024-2029). The events and entertainment industry's continuous growth necessitates reliable power sources for concerts, festivals, and corporate events, driving the need for rental power services.

Other fuel type: The second fastest segment of the power rental market, by fuel type

Based on fuel type, the power rental market has been split into three types: diesel, natural gas, and other fuel type. Other fuel types are majorly comprised of hybrid & HFO, which is expected to be the second fastest segment in the market. Hybrid & HFO uses a low amount of non-renewable fossil fuels and burns with lower emissions and less waste. This makes it an environmentally friendly option compared with regular diesel engines. Hybrid & HFO sets are expected to replace diesel standby, or backup generator sets in the developed countries of Asia-Pacific with a well-established gas distribution network. All these factors are driving the market for other fuel types.

Load bank segment is expected to emerge as the second-largest segment based on equipment

Based on equipment, the power rental market has been segmented into generators, transformers, load bank, and fuel tank & wires. Since load banks offer vital testing and maintenance services for power generation equipment, load banks are a major factor in the growth of the power rental sector. Load banks are tools that replicate electrical loads and apply them to generators so that users can test the equipment's functionality, capacity, and efficiency in different scenarios. This testing is essential for verifying the reliability and readiness of generators before deployment in critical applications such as backup power or temporary power solutions.

Asia-Pacific is expected to be the second largest region in the power rental market

Asia-Pacific is expected to be the second largest region in the power rental markets between 2024-2029. The market in Asia-Pacific includes China, India, Australia, Japan, South Korea, Bangladesh, Rest of Asia-Pacific countries. The growing focus on disaster preparedness and resilience, particularly in the Asia-Pacific region, which is prone to natural disasters such as typhoons, earthquakes, and floods, drives the demand for backup power solutions, boosting the power rental market. Moreover, deals and contracts done by the companies operating in the Asia-Pacific power rental market would further drive the market in the region. For instance, Caterpillar signed a five-year contract for international power rental projects with APAC Energy Rentals, a Singapore-based power rental company.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
  • By Company Type: Tier 1 - 45.2%, Tier 2 - 32.7%, and Tier 3 - 22.1%
  • By Designation: C-Level - 43%, Director Levels - 38%, and Others - 19%
  • By Region: North America - 40.1%, Europe - 22.1%, Asia-Pacific - 33.8%, the Middle East & Africa - 3%, and South America - 1%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The power rental market is dominated by a few major players that have a wide regional presence. The leading players in the power rental market are Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US), Caterpillar (US), Cummins Inc (US).

Research Coverage

The report defines, describes, and forecasts the global power rental market, by fuel type, by equipment, by power rating, by application, by rental type, by end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the power rental market.

Key Benefits of Buying the Report

  • Rapid industrialization in emerging economies across the world, surging demand for uninterrupted and reliable power supply, and increasing demand for electrification and uninterrupted power supply in emerging countries to drive the demand. Factors such as stringent government regulations associated with generators would hinder market growth. Integration of power rental equipment with renewable energy sources to offer lucrative opportunities in this market. Rising operating expenditure of diesel generators due to high fuel prices and fluctuations in raw material and components are major challenges faced by countries in this market.
  • Product Development/ Innovation: Trends such as the integration of renewable energies play a pivotal trend in the development of power rental market. Moreover, generators are undergoing a series of technological advances that make them unique compared to the conventional diesel generators in use. Technologies such as direct power installation technology, power management systems, asset performance management systems are among the key technologies that would be driving the power rental market during the forecast period.
  • Market Development: Collaboration with equipment manufacturers, technology providers, and energy service companies would facilitate market development by leveraging complementary capabilities, resources, and expertise. Strategic partnerships and acquisitions enable companies to expand their product portfolios, enter new market segments, and enhance their competitive position in the market.
  • Market Diversification: Aggreko boosted its investments in hydrogen technology with the first hydrogen power generation units pilot project at the Aggreko depot in Moerdijk, Netherlands for use in temporary power applications. The company has ten 50 kVA hydrogen combustion gensets ready for customer installations in Europe.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US), Caterpillar (US), Cummins Inc (US) among others in the power rental market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.2.1.1 Power Rental Market: Inclusions and Exclusions, by End-user
1.2.1.2 Power Rental Market: Inclusions and Exclusions, by Fuel Type
1.2.1.3 Power Rental Market: Inclusions and Exclusions, by Power Rating
1.2.1.4 Power Rental Market: Inclusions and Exclusions, by Application
1.2.1.5 Power Rental Market: Inclusions and Exclusions, by Equipment
1.2.1.6 Power Rental Market: Inclusions and Exclusions, by Rental Type
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Currency Considered
1.4 Limitations
1.5 Stakeholders
1.6 Summary of Changes
1.7 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 1 Power Rental Market: Research Design
Figure 2 Data Triangulation
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.3 Primary Data
Figure 3 Key Industry Insights
Figure 4 Break Down of Primaries
2.4 Scope
Figure 5 Main Metrics Considered to Assess Demand for Power Rental Solutions
2.5 Market Size Estimation
2.5.1 Demand-Side Analysis
Figure 6 Year-On-Year Capacity Addition of Power Rental Technology Across Countries
2.5.1.1 Assumptions for Demand-Side Analysis
2.5.1.2 Calculations for Demand-Side Analysis
2.5.2 Supply-Side Analysis
Figure 7 Year-On-Year Revenue of Companies Providing Power Rental Equipment Across Regions
2.5.2.1 Calculations for Supply-Side Analysis
Figure 8 Illustration of Supply-Side Calculations
2.6 Forecast
3 Executive Summary
Table 1 Global Power Rental Market Snapshot
Figure 9 North America Held Largest Market Share in 2023
Figure 10 Utilities Segment to Dominate Power Rental Market from 2023 to 2029
Figure 11 501-2,500 kW Segment to Hold Largest Market Share in 2029
Figure 12 Generators Segment to Hold Largest Market Share in 2029
Figure 13 Diesel Segment to Hold Largest Market Share in 2029
Figure 14 Base Load/Continuous Power Segment to Hold Largest Market Share in 2029
Figure 15 Retail Rental Segment to Hold Larger Market Share in 2029
4 Premium Insights
4.1 Attractive Opportunities for Players in Power Rental Market
Figure 16 Frequent Power Outages and Surging Demand for Uninterrupted & Reliable Power Supply to Create Lucrative Opportunities for Market Players
4.2 Power Rental Market, by Region
Figure 17 Asia-Pacific Power Rental Market to Register Highest CAGR During Forecast Period
4.3 Power Rental Market, by End-user
Figure 18 Utilities Segment Held Largest Market Share in 2023
4.4 Power Rental Market, by Application
Figure 19 Baseload/Continuous Power Segment Dominated Market in 2023
4.5 Power Rental Market, by Power Rating
Figure 20 501-2,000 kW Segment Held Largest Market Share in 2023
4.6 Power Rental Market, by Fuel Type
Figure 21 Diesel Segment to Dominate Power Rental Market in 2023
4.7 Power Rental Market, by Equipment
Figure 22 Generators Segment to Account for Largest Market Share in 2023
4.8 Power Rental Market, by Rental Type
Figure 23 Retail Rental Segment Accounted for Larger Market Share in 2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Power Rental Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rapid Industrialization in Developing Economies of Asia-Pacific
5.2.1.2 Surging Demand for Uninterrupted and Reliable Power Supply
Figure 25 Global and Regional Percentage Changes in Electricity Demand, 2019-2025
5.2.1.3 Growing Need for Electrification and Continuous Power Supply in Developing Regions
5.2.2 Restraints
5.2.2.1 Growing Adoption of Renewable Energy Sources and Energy Storage Technologies
Figure 26 Installed Renewable Electricity Generation Capacity, 2020-2050
Figure 27 Installation of Battery Storage Capacity, 2016-2023
5.2.2.2 Stringent Government Regulations to Reduce Air and Noise Pollution by Generators
5.2.3 Opportunities
5.2.3.1 Integration of Power Rental Equipment with Renewable Energy Sources
5.2.3.2 Technological Advancements in Power Rental Equipment for Operational Enhancement
5.2.4 Challenges
5.2.4.1 Increased Operating Expenditure of Diesel Generators Owing to High Fuel Prices
5.2.4.2 Raw Material and Component Shortage and Sudden Fluctuation in Demand for Power Rental Equipment
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 28 Trends/Disruptions Impacting Customers’ Businesses
5.4 Ecosystem Analysis
Table 2 Companies and Their Roles in Power Rental Ecosystem
Figure 29 Power Rental Market: Ecosystem Analysis
5.5 Value Chain Analysis
Figure 30 Power Rental Market: Value Chain Analysis
5.5.1 Component Manufactures
5.5.2 Equipment Manufacturers/Assemblers
5.5.3 End-users
5.5.4 Maintenance and Repair Service Providers
5.6 Technology Analysis
5.6.1 Direct Power Installation Technology
5.6.2 Power Management Systems
5.6.3 Asset Performance Management Systems
5.6.4 Smart Power Rentals
5.7 Patent Analysis
Figure 31 Patent Registrations for Power Rental Products and Equipment, 2020-2023
Table 3 Power Rental Market: Innovations and Patent Registrations, 2020-2023
5.8 Trade Analysis
5.8.1 Import and Export Scenarios
Table 4 Import Data for HS Code 8501 Generators, 2020-2022 (USD Million)
Table 5 Export Data for HS Code 8501 Generators, 2020-2022 (USD Million)
5.9 Pricing Analysis
5.9.1 Average 24-Hour Rental Price of Generators, by Power Rating
Figure 32 Average 24-Hour Rental Price of Generators, by Power Rating, 2021, 2022, 2023, and 2029
Table 6 Average 24-Hour Rental Price of Generators, by Power Rating, 2021, 2022, 2023, and 2028 (USD)
5.9.2 Average 24-Hour Rental Price of Generators, by Region
Table 7 Average 24-Hour Rental Price of Generators, by Region, 2020, 2021, 2022, and 2029
Figure 33 Average 24-Hour Rental Price Trend, by Region, 2020, 2021, 2022, and 2029
5.10 Tariff and Regulatory Landscape
5.10.1 Tariffs
Table 8 Import Tariff Levied on HS 850161 AC Generators of Output < 75 Kva
Table 9 Import Tariff Levied on HS 850162 AC Generators of Output 75-375 Kva
Table 10 Import Tariff Levied on HS 850163 AC Generators of Output 375-750 Kva
Table 11 Import Tariff Levied on HS 850164 AC Generators of Output >750 Kva
5.10.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.10.3 Regulations Related to Generator Sets
Table 17 Generator Sales Market: Regulations
5.11 Porter's Five Forces Analysis
Figure 34 Power Rental Market: Porter's Five Forces Analysis
Table 18 Power Rental Market: Porter's Five Forces Analysis
5.11.1 Threat of New Entrants
5.11.2 Bargaining Power of Suppliers
5.11.3 Bargaining Power of Buyers
5.11.4 Threat of Substitutes
5.11.5 Intensity of Competitive Rivalry
5.12 Case Study Analysis
5.12.1 Mems Provided Power Supply to Nhs Nightingale Hospital in London in Short Span
5.12.2 Aggreko Provided Power Rental Solutions for 4 Mw Off-Grid Gas Plant for Mine Reopening
5.12.3 PR Power Provided Power Rental Equipment in Short Span in Western Australia
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 35 Influence of Key Stakeholders on Buying Process, by End-user
Table 19 Influence of Key Stakeholders on Buying Process, by End-user
5.13.2 Buying Criteria
Figure 36 Key Buying Criteria for Top End-users
Table 20 Key Buying Criteria for Top End-users
5.14 Key Conferences and Events, 2024
Table 21 Power Rental Market: List of Key Conferences and Events, 2024
6 Power Rental Market, by Rental Type
6.1 Introduction
Figure 37 Retail Rental Segment Accounted for Larger Share of Power Rental Market in 2023
Table 22 Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 23 Power Rental Market, by Rental Type, 2023-2029 (USD Million)
6.2 Retail Rental
6.2.1 Requirement for Continuous Power Supply During Peak Hours and Power Outages to Drive Market
Table 24 Retail Rental: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 25 Retail Rental: Power Rental Market, by Region, 2023-2029 (USD Million)
6.3 Project Rental
6.3.1 Growing Demand for Rental Power in Utilities and Long-Duration Projects to Drive Market
Table 26 Project Rental: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 27 Project Rental: Power Rental Market, by Region 2023-2029 (USD Million)
7 Power Rental Market, by Power Rating
7.1 Introduction
Figure 38 501-2,500 kW Segment Accounted for Largest Market Share in 2023
Table 28 Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 29 Power Rental Market, by Power Rating, 2023-2029 (USD Million)
7.2 Up to 50 kW
7.2.1 Portability and Ease in Transportation to Drive Demand
Table 30 Up to 50 kW: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 31 Up to 50 kW: Power Rental Market, by Region, 2023-2029 (USD Million)
7.3 51-500 kW
7.3.1 High Investments in Oil & Gas and Construction Industries to Fuel Demand
Table 32 51-500 kW: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 33 51-500 kW: Power Rental Market, by Region, 2023-2029 (USD Million)
7.4 501-2,500 kW
7.4.1 Rising Use to Provide Standby and Base Load/Continuous Power Supply During Power Outages to Drive Market
Table 34 501-2,500 kW: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 35 501-2,500 kW: Power Rental Market, by Region, 2023-2029 (USD Million)
7.5 Above 2500 kW
7.5.1 Requirement for Uninterrupted Power Supply in Mining and Offshore Oil & Gas Operations to Drive Demand
Table 36 Above 2,500 kW: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 37 Above 2,500 kW: Power Rental Market, by Region, 2023-2029 (USD Million)
8 Power Rental Market, by Fuel Type
8.1 Introduction
Figure 39 Diesel Segment Accounted for Largest Share of Power Rental Market in 2023
Table 38 Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 39 Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
8.2 Diesel
8.2.1 Easy Availability and Storage of Diesel to Drive Market
Table 40 Diesel: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 41 Diesel: Power Rental Market, by Region, 2023-2029 (USD Million)
8.3 Natural Gas
8.3.1 Expanding Gas Distribution Network to Drive Market
Table 42 Natural Gas: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 43 Natural Gas: Power Rental Market, by Region 2023-2029 (USD Million)
8.4 Other Fuel Types
Table 44 Other Fuel Types: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 45 Other Fuel Types: Power Rental Market, by Region, 2023-2029 (USD Million)
9 Power Rental Market, by Equipment
9.1 Introduction
Figure 40 Generators Segment Accounted for Largest Share of Power Rental Market in 2023
Table 46 Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 47 Power Rental Market, by Equipment, 2023-2029 (USD Million)
9.2 Generators
9.2.1 Rising Use of Generators for Standby Power Applications in Telecommunications and Data Center Industries to Drive Market
Table 48 Generators: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 49 Generators: Power Rental Market, by Region, 2023-2029 (USD Million)
9.3 Transformers
9.3.1 Aging T&D Network to Drive Demand
Table 50 Transformers: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 51 Transformers: Power Rental Market, by Region 2023-2029 (USD Million)
9.4 Load Banks
9.4.1 Rising Power Plant Installations Worldwide to Fuel Demand
Table 52 Load Banks: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 53 Load Banks: Power Rental Market, by Region, 2023-2029 (USD Million)
9.5 Other Equipment
Table 54 Other Equipment: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 55 Other Equipment: Power Rental Market, by Region, 2023-2029 (USD Million)
10 Power Rental Market, by End-user
10.1 Introduction
Figure 41 Utilities Segment Accounted for Largest Share of Power Rental Market in 2023
Table 56 Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 57 Power Rental Market, by End-user, 2023-2029 (USD Million)
10.2 Utilities
10.2.1 Increasing Requirement for Continuous Power to Drive Demand
Table 58 Utilities: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 59 Utilities: Power Rental Market, by Region, 2023-2029 (USD Million)
10.3 Oil & Gas
10.3.1 Increasing Oil & Gas Exploration to Fuel Demand
Table 60 Oil & Gas: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 61 Oil & Gas: Power Rental Market, by Region 2023-2029 (USD Million)
10.4 Metals & Mining
10.4.1 Growing Exploration of Metals & Minerals to Fuel Demand
Table 62 Metals & Mining: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 63 Metals & Mining: Power Rental Market, by Region, 2023-2029 (USD Million)
10.5 Manufacturing
10.5.1 Increasing Investments in Asia-Pacific Manufacturing Sector to Drive Market
Table 64 Manufacturing: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 65 Manufacturing: Power Rental Market, by Region, 2023-2029 (USD Million)
10.6 Construction
10.6.1 Rise in Infrastructure Development Activities in Southeast Asia to Drive Market
Table 66 Construction: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 67 Construction: Power Rental Market, by Region, 2023-2029 (USD Million)
10.7 IT & Data Centers
10.7.1 Increasing Number of Data Centers to Fuel Market Growth
Table 68 IT & Data Centers: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 69 IT & Data Centers: Power Rental Market, by Region, 2023-2029 (USD Million)
10.8 Corporate & Retail
10.8.1 High Investments in Corporate Sector by Public and Private Enterprises to Drive Market
Table 70 Corporate & Retail: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 71 Corporate & Retail: Power Rental Market, by Region, 2023-2029 (USD Million)
10.9 Events
10.9.1 Rising Number of Public Events to Fuel Demand
Table 72 Events: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 73 Events: Power Rental Market, by Region, 2023-2029 (USD Million)
10.10 Other End-users
Table 74 Other End-users: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 75 Other End-users: Power Rental Market, by Region, 2023-2029 (USD Million)
11 Power Rental Market, by Application
11.1 Introduction
Figure 42 Base Load/Continuous Segment Accounted for Largest Market Share in 2023
Table 76 Power Rental Market, by Application, 2020-2022 (USD Million)
Table 77 Power Rental Market, by Application, 2023-2029 (USD Million)
11.2 Peak Shaving
11.2.1 Need to Reduce Utility Costs to Drive Demand
Table 78 Peak Shaving: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 79 Peak Shaving: Power Rental Market, by Region, 2023-2029 (USD Million)
11.3 Standby Power
11.3.1 Requirement for Power During Grid Outages to Drive Demand
Table 80 Standby Power: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 81 Standby Power: Power Rental Market, by Region 2023-2029 (USD Million)
11.4 Base Load/Continuous Power
11.4.1 Increasing Demand in Utilities and Mining Industry to Fuel Market Growth
Table 82 Base Load/Continuous Power: Power Rental Market, by Region, 2020-2022 (USD Million)
Table 83 Base Load/Continuous Power: Power Rental Market, by Region, 2023-2029 (USD Million)
12 Power Rental Market, by Region
12.1 Introduction
Figure 43 Asia-Pacific to Exhibit Highest CAGR in Power Rental Market During Forecast Period
Figure 44 North America to Account for Largest Share of Power Rental Market in 2023
Table 84 Power Rental Market, by Region, 2020-2022 (USD Million)
Table 85 Power Rental Market, by Region, 2023-2029 (USD Million)
12.2 Europe
12.2.1 European Power Rental Market: Recession Impact
Table 86 Europe: Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 87 Europe: Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
Table 88 Europe: Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 89 Europe: Power Rental Market, by Equipment, 2023-2029 (USD Million)
Table 90 Europe: Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 91 Europe: Power Rental Market, by Power Rating, 2023-2029 (USD Million)
Table 92 Europe: Power Rental Market, by Application, 2020-2022 (USD Million)
Table 93 Europe: Power Rental Market, by Application, 2023-2029 (USD Million)
Table 94 Europe: Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 95 Europe: Power Rental Market, by Rental Type, 2023-2029 (USD Million)
Table 96 Europe: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 97 Europe: Power Rental Market, by End-user, 2023-2029 (USD Million)
Table 98 Europe: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 99 Europe: Power Rental Market, by Country, 2023-2029 (USD Million)
12.2.1.1 Germany
12.2.1.1.1 Need for Reliable Backup Power in Manufacturing, Data Center, and Construction Sectors to Boost Market Growth
Table 100 Germany: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 101 Germany: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.2.1.2 UK
12.2.1.2.1 Rapid Industrialization to Drive Market
Table 102 UK: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 103 UK: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.2.1.3 Russia
12.2.1.3.1 Steady Growth in Renewable Power Generation to Fuel Market Growth
Table 104 Russia: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 105 Russia: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.2.1.4 France
12.2.1.4.1 Rising Demand for Power Rental Solutions in Mining Industry and Major Events to Drive Market
Table 106 France: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 107 France: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.2.1.5 Italy
12.2.1.5.1 Government-Led Investments in Mining Industry and Increasing Demand for Rental Power Solutions in Utilities to Drive Market
Table 108 Italy: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 109 Italy: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.2.1.6 Rest of Europe
Table 110 Rest of Europe: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 111 Rest of Europe: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.3 North America
Figure 45 North America: Power Rental Market Snapshot
12.3.1 North American Power Rental Market: Recession Impact
Table 112 North America: Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 113 North America: Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
Table 114 North America: Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 115 North America: Power Rental Market, by Equipment, 2023-2029 (USD Million)
Table 116 North America: Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 117 North America: Power Rental Market, by Power Rating, 2023-2029 (USD Million)
Table 118 North America: Power Rental Market, by Application, 2020-2022 (USD Million)
Table 119 North America: Power Rental Market, by Application, 2023-2029 (USD Million)
Table 120 North America: Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 121 North America: Power Rental Market, by Rental Type, 2023-2029 (USD Million)
Table 122 North America: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 123 North America: Power Rental Market, by End-user, 2023-2029 (USD Million)
Table 124 North America: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 125 North America: Power Rental Market, by Country, 2023-2029 (USD Million)
12.3.1.1 US
12.3.1.1.1 Increasing Investment in Construction, Oil & Gas Exploration, and Mining Activities to Drive Market
Table 126 US: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 127 US: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.3.1.2 Canada
12.3.1.2.1 Rising Initiation of New Mining and Construction Projects to Boost Market Growth
Table 128 Canada: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 129 Canada: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.3.1.3 Mexico
12.3.1.3.1 Increasing Investments in Oil & Gas and Data Center Industries to Fuel Market Growth
Table 130 Mexico: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 131 Mexico: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4 Asia-Pacific
Figure 46 Asia-Pacific: Power Rental Market Snapshot
12.4.1 Asia-Pacific Power Rental Market: Recession Impact
Table 132 Asia-Pacific: Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 133 Asia-Pacific: Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
Table 134 Asia-Pacific: Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 135 Asia-Pacific: Power Rental Market, by Equipment, 2023-2029 (USD Million)
Table 136 Asia-Pacific: Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 137 Asia-Pacific: Power Rental Market, by Power Rating, 2023-2029 (USD Million)
Table 138 Asia-Pacific: Power Rental Market, by Application, 2020-2022 (USD Million)
Table 139 Asia-Pacific: Power Rental Market, by Application, 2023-2029 (USD Million)
Table 140 Asia-Pacific: Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 141 Asia-Pacific: Power Rental Market, by Rental Type, 2023-2029 (USD Million)
Table 142 Asia-Pacific: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 143 Asia-Pacific: Power Rental Market, by End-user, 2023-2029 (USD Million)
Table 144 Asia-Pacific: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 145 Asia-Pacific: Power Rental Market, by Country, 2023-2029 (USD Million)
12.4.2 China
12.4.2.1 Rise in Energy Demand due to Rapid Urbanization and Industrialization to Drive Market
Table 146 China: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 147 China: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.3 India
12.4.3.1 Increased Need for Reliable Electricity and Rapid Economic Growth to Drive Market
Table 148 India: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 149 India: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.4 Australia
12.4.4.1 Increased Construction and Mining Activities to Accelerate Market Growth
Table 150 Australia: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 151 Australia: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.5 Japan
12.4.5.1 High Demand from Utilities due to Renovation of Grid Infrastructure to Drive Market
Table 152 Japan: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 153 Japan: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.6 South Korea
12.4.6.1 Rising Investments in Manufacturing Sector and Marine Industry to Drive Market
Table 154 South Korea: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 155 South Korea: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.7 Bangladesh
12.4.7.1 Expanding Manufacturing Sector and Underdeveloped T&D Infrastructure to Drive Market
Table 156 Bangladesh: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 157 Bangladesh: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.4.7.2 Rest of Asia-Pacific
Table 158 Rest of Asia-Pacific: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 159 Rest of Asia-Pacific: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.5 South America
12.5.1 South American Power Rental Market: Recession Impact
Table 160 South America: Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 161 South America: Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
Table 162 South America: Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 163 South America: Power Rental Market, by Equipment, 2023-2029 (USD Million)
Table 164 South America: Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 165 South America: Power Rental Market, by Power Rating, 2023-2029 (USD Million)
Table 166 South America: Power Rental Market, by Application, 2020-2022 (USD Million)
Table 167 South America: Power Rental Market, by Application, 2023-2029 (USD Million)
Table 168 South America: Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 169 South America: Power Rental Market, by Rental Type, 2023-2029 (USD Million)
Table 170 South America: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 171 South America: Power Rental Market, by End-user, 2023-2029 (USD Million)
Table 172 South America: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 173 South America: Power Rental Market, by Country, 2023-2029 (USD Million)
12.5.1.1 Brazil
12.5.1.1.1 Increasing Investments in Mining Industry and Expansion of Data Centers to Propel Demand
Table 174 Brazil: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 175 Brazil: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.5.1.2 Argentina
12.5.1.2.1 Investments in Oil & Gas and Mining Industries and Manufacturing Sector to Fuel Demand
Table 176 Argentina: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 177 Argentina: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.5.1.3 Chile
12.5.1.3.1 Infrastructure Development and Expansion of Mining Industry to Augment Market Growth
Table 178 Chile: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 179 Chile: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.5.1.4 Rest of South America
Table 180 Rest of South America: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 181 Rest of South America: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6 Middle East & Africa
12.6.1 Middle Eastern & African Power Rental Market: Recession Impact
Table 182 Middle East & Africa: Power Rental Market, by Fuel Type, 2020-2022 (USD Million)
Table 183 Middle East & Africa: Power Rental Market, by Fuel Type, 2023-2029 (USD Million)
Table 184 Middle East & Africa: Power Rental Market, by Equipment, 2020-2022 (USD Million)
Table 185 Middle East & Africa: Power Rental Market, by Equipment, 2023-2029 (USD Million)
Table 186 Middle East & Africa: Power Rental Market, by Power Rating, 2020-2022 (USD Million)
Table 187 Middle East & Africa: Power Rental Market, by Power Rating, 2023-2029 (USD Million)
Table 188 Middle East & Africa: Power Rental Market, by Application, 2020-2022 (USD Million)
Table 189 Middle East & Africa: Power Rental Market, by Application, 2023-2029 (USD Million)
Table 190 Middle East & Africa: Power Rental Market, by Rental Type, 2020-2022 (USD Million)
Table 191 Middle East & Africa: Power Rental Market, by Rental Type, 2023-2029 (USD Million)
Table 192 Middle East & Africa: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 193 Middle East & Africa: Power Rental Market, by End-user, 2023-2029 (USD Million)
Table 194 Middle East & Africa: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 195 Middle East & Africa: Power Rental Market, by Country, 2023-2029 (USD Million)
Table 196 GCC Countries: Power Rental Market, by Country, 2020-2022 (USD Million)
Table 197 GCC Countries: Power Rental Market, by Country, 2023-2029 (USD Million)
12.6.1.1 GCC Countries
12.6.1.1.1 Increasing Foreign Direct Investments in Renewable Energy and Infrastructure Development to Accelerate Market Growth
12.6.1.2 Saudi Arabia
12.6.1.2.1 Rising Investments in Oil & Gas and Data Center Industries to Fuel Market Growth
Table 198 Saudi Arabia: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 199 Saudi Arabia: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6.1.3 UAE
12.6.1.3.1 Rising Demand from Construction Industry, Oilfields, and Manufacturing Sector to Drive Market
Table 200 UAE: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 201 UAE: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6.1.4 Qatar
12.6.1.4.1 Increasing Number of Events and Expanding Construction Industry to Drive Market
Table 202 Qatar: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 203 Qatar: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6.1.5 Rest of GCC Countries
Table 204 Rest of GCC Countries: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 205 Rest of GCC Countries: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6.1.6 Nigeria
12.6.1.6.1 High Dependence on Rental Generators to Provide Continued Power Supply to Drive Market
Table 206 Nigeria: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 207 Nigeria: Power Rental Market, by End-user, 2023-2029 (USD Million)
12.6.1.7 Rest of Middle East & Africa
Table 208 Rest of Middle East & Africa: Power Rental Market, by End-user, 2020-2022 (USD Million)
Table 209 Rest of Middle East & Africa: Power Rental Market, by End-user, 2023-2029 (USD Million)
13 Competitive Landscape
13.1 Overview
13.2 Strategies Adopted by Key Players, 2020-2023
Table 210 Power Rental Market: Overview of Strategies Adopted by Key Players, 2020-2023
13.3 Market Share Analysis, 2022
Figure 47 Power Rental Market Share Analysis of Five Key Players, 2022
Table 211 Power Rental Market: Degree of Competition, 2022
Figure 48 Industry Concentration, 2023
13.4 Revenue Analysis, 2018-2022
Figure 49 Power Rental Market: Revenue Analysis of Top Five Players, 2018-2022
13.5 Company Evaluation Matrix: Key Players, 2023
13.5.1 Stars
13.5.2 Pervasive Players
13.5.3 Emerging Leaders
13.5.4 Participants
Figure 50 Power Rental Market: Company Evaluation Matrix: Key Players, 2023
13.5.5 Company Footprint, Key Players, 2023
13.5.5.1 Overall Footprint
Table 212 Overall Company Footprint
13.5.5.2 Fuel Type Footprint
Table 213 Company Fuel Type Footprint
13.5.5.3 Equipment Footprint
Table 214 Company Equipment Footprint
13.5.5.4 Power Rating Footprint
Table 215 Company Power Rating Footprint
13.5.5.5 Application Footprint
Table 216 Company Application Footprint
13.5.5.6 Rental Type Footprint
Table 217 Company Rental Type Footprint
13.5.5.7 End-user Footprint
Table 218 Company End-user Footprint
13.5.5.8 Regional Footprint
Table 219 Company Region Footprint
13.6 Company Evaluation Matrix: Start-Ups/SMEs, 2023
13.6.1 Progressive Companies
13.6.2 Responsive Companies
13.6.3 Dynamic Companies
13.6.4 Starting Blocks
Figure 51 Power Rental Market: Company Evaluation Matrix: Start-Ups/SMEs, 2023
13.6.5 Competitive Benchmarking: Start-Ups/SMEs, 2023
13.6.5.1 List of Key Start-Ups/SMEs
Table 220 Power Rental Market: List of Key Start-Ups/SMEs
13.6.5.2 Competitive Benchmarking of Start-Ups/SMEs
Table 221 Power Rental Market: Competitive Benchmarking of Start-Ups/SMEs
13.7 Competitive Scenarios and Trends
13.7.1 Product Launches
Table 222 Power Rental Market: Product Launches, October 2020-June 2022
13.7.2 Deals
Table 223 Power Rental Market: Deals, January 2020-August 2022
14 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
14.1 Key Players
14.1.1 Aggreko
Table 224 Aggreko: Company Overview
Table 225 Aggreko: Products/Solutions/Services Offered
Table 226 Aggreko: Product Launches
Table 227 Aggreko: Deals
Table 228 Aggreko: Others
14.1.2 Ashtead Group PLC
Table 229 Ashtead Group PLC: Company Overview
Figure 52 Ashtead Group PLC: Company Snapshot
Table 230 Ashtead Group PLC: Products/Solutions/Services Offered
14.1.3 United Rentals, Inc.
Table 231 United Rentals, Inc.: Company Overview
Figure 53 United Rentals, Inc.: Company Snapshot
Table 232 United Rentals, Inc.: Products/Solutions/Services Offered
Table 233 United Rentals, Inc.: Deals
Table 234 United Rentals, Inc.: Others
14.1.4 Atlas Copco AB
Table 235 Atlas Copco AB: Company Overview
Figure 54 Atlas Copco AB: Company Snapshot
Table 236 Atlas Copco AB: Products/Solutions/Services Offered
Table 237 Atlas Copco AB: Product Launches
Table 238 Atlas Copco AB: Others
14.1.5 Caterpillar
Table 239 Caterpillar: Company Overview
Figure 55 Caterpillar: Company Snapshot
Table 240 Caterpillar: Products/Solutions/Services Offered
Table 241 Caterpillar: Deals
14.1.6 Cummins Inc.
Table 242 Cummins Inc.: Company Overview
Figure 56 Cummins Inc.: Company Snapshot
Table 243 Cummins Inc.: Products/Solutions/Services Offered
Table 244 Cummins Inc.: Product Launches
14.1.7 Herc Rentals Inc.
Table 245 Herc Rentals Inc.: Company Overview
Figure 57 Herc Rentals Inc.: Company Snapshot
Table 246 Herc Rentals Inc.: Products/Solutions/Services Offered
14.1.8 Generac Power Systems, Inc
Table 247 Generac Power Systems, Inc.: Company Overview
Figure 58 Generac Power Systems, Inc.: Company Snapshot
Table 248 Generac Power Systems, Inc.: Products/Solutions/Services Offered
Table 249 Generac Power Systems, Inc.: Product Launches
14.1.9 Wacker Neuson SE
Table 250 Wacker Neuson SE: Company Overview
Figure 59 Wacker Neuson SE: Company Snapshot
Table 251 Wacker Neuson SE: Products/Solutions/Services Offered
Table 252 Wacker Neuson SE: Product Launches
Table 253 Wacker Neuson SE: Expansions
14.1.10 Kohler
Table 254 Kohler: Company Overview
Table 255 Kohler: Products/Solutions/Services Offered
14.1.11 Aksa Power Generation
Table 256 Aksa Power Generation: Company Overview
Table 257 Aksa Power Generation: Products/Solutions/Services Offered
14.1.12 Bredenoord
Table 258 Bredenoord: Company Overview
Table 259 Bredenoord: Products/Solutions/Services Offered
Table 260 Bredenoord: Deals
14.1.13 Allmand Bros.
Table 261 Allmand Bros: Company Overview
Table 262 Allmand Bros: Products/Solutions/Services Offered
14.1.14 Modern Energy Rental Pvt. Ltd.
Table 263 Modern Energy Rental Pvt. Ltd.: Company Overview
Table 264 Modern Energy Rental Pvt. Ltd.: Products/Solutions/Services Offered
14.1.15 Perennial Technologies
Table 265 Perennial Technologies: Company Overview
Table 266 Perennial Technologies: Products/Solutions/Services Offered
14.1.16 Carrier
Table 267 Carrier: Company Overview
Table 268 Carrier: Products/Solutions/Services Offered
14.1.17 Fuel Gard Fuel Supply Systems
Table 269 Fuel Gard Fuel Supply Systems: Company Overview
Table 270 Fuel Gard Fuel Supply Systems: Products/Solutions/Services Offered
14.1.18 Indeck Power Equipment Company
Table 271 Indeck Power Equipment Company: Company Overview
Table 272 Indeck Power Equipment Company: Products/Solutions/Services Offered
14.1.19 Saini Diesel Power Service Pvt Ltd
Table 273 Saini Diesel Power Service Pvt Ltd.: Company Overview
Table 274 Saini Diesel Power Service Pvt Ltd.: Products/Solutions/Services Offered
14.1.20 Multiquip Inc.
Table 275 Multiquip Inc.: Company Overview
Table 276 Multiquip Inc.: Products/Solutions/Services Offered
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
14.2 Other Players
14.2.1 Trinity Power
14.2.2 T&T Power Group
14.2.3 Briggs & Stratton
14.2.4 Al Faris
14.2.5 Shenton Group
15 Appendix
15.1 Insights from Industry Experts
15.2 Discussion Guide
15.3 Knowledgestore: The Subscription Portal
15.4 Customization Options

Companies Mentioned

  • Aggreko
  • Ashtead Group PLC
  • United Rentals, Inc.
  • Atlas Copco AB
  • Caterpillar
  • Cummins Inc.
  • Herc Rentals Inc.
  • Generac Power Systems, Inc
  • Wacker Neuson SE
  • Kohler
  • Aksa Power Generation
  • Bredenoord
  • Allmand Bros.
  • Modern Energy Rental Pvt. Ltd.
  • Perennial Technologies
  • Carrier
  • Fuel Gard Fuel Supply Systems
  • Indeck Power Equipment Company
  • Saini Diesel Power Service Pvt Ltd
  • Multiquip Inc.
  • Trinity Power
  • T&T Power Group
  • Briggs & Stratton
  • Al Faris
  • Shenton Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages287
PublishedMarch 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 10.8 Billion
Forecasted Market Value ( USD ) by 2029 $ 14.2 Billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Power Rental Market

The Power Rental market is a subset of the electricity industry that focuses on providing temporary power solutions to customers. It involves the rental of generators, transformers, and other equipment to provide electricity for a variety of applications. This market is often used in emergency situations, such as natural disasters, or when a customer needs additional power for a short period of time. Power rental companies typically provide a range of services, including installation, maintenance, and fuel delivery. Power rental companies are typically large, well-established companies that have the resources to provide reliable and efficient services. They often have a wide range of equipment and services to meet the needs of their customers. Examples of power rental companies include Aggreko, APR Energy, Hertz Equipment Rental, and United Rentals. Show Less Read more

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