Market Research Report

Global Power Rental Market Research Report: Forecast (2024-2030)

By Equipment (Generators, Transformers, Load Banks, Ancillary Equipment), By Fuel Type (Diesel, Natural Gas), By Application (Peak Shaving, Base Load, Stand by), By Power Rating (U...p to 50 KW, 51KW - 500KW, 501KW- 2500 KW, Above 2500KW), By End-User (Power Utility, Manufacturing, Construction, Mining & Metals, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Aggreko Plc, Ashtead Group Plc., United Rental Inc., Atlas Copco, Caterpillar Inc., Generac Holdings Inc., Bredenoord, Nishio Rent All Singapore Pte Ltd., Herc Rental Inc., Rental Solutions & Services, LM Generating Power Co., Ltd., Speedy Hire Plc, APR Energy, Newburn Power Rental, Others) Read more

  • Energy
  • Nov 2023
  • 198
  • EN33024

Market Definition

Power renting refers to the renting of temporary power generation equipment such as generators, transporters, and Load banks, to fulfill the requirements of temporary power needs of the industries and manufacturing sectors. The temporary solutions are used to provide power backup in emergencies, supplement power during peak demand periods, and support construction projects, industrial operations, events, etc.

Market Insights & Analysis: Global Power Rental Market (2024-30):

The Global Power Rental Market size is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30. The market growth imputes to the rising demand for temporary power solutions in various industries such as construction, manufacturing, oil & gas, etc. The rising demand for reliable power networks in order to prevent unexpected situations such as circuit failure or temporary outage, is expanding the market growth. The rapid expansion of construction and mining activities is also responsible for driving the growth of the Power Rental Market. Additionally, the soaring growth of data centers is fueling the demand for power rental services throughout the world.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 7.4%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled Aggreko Plc, Ashtead Group Plc., United Rental Inc., Atlas Copco, Caterpillar Inc., Generac Holdings Inc., Bredenoord, Nishio Rent All Singapore Pte Ltd., Herc Rental Inc., Rental Solutions & Services, LM Generating Power Co., Ltd., Speedy Hire Plc, APR Energy, Newburn Power Rental, Others
Unit Denominations USD Million/Billion

 

Global Power Rental Market Driver:

The Rapid Expansion of the Construction Industry Fuelling the Market Growth – The construction activities in the residential, commercial, and hospitality sectors are increasing due to increased demand. The construction activities require electric power to run the various equipment and machinery at sites where construction takes place. The tools and machinery required at the construction sites including air compressors, hand drills, chain saws, battery chargers, electric welders, etc., have a power requirement for which the contractors or organizers hire power rental services to fulfil the requirement of energy during construction activities. Therefore, the surge in construction activities is driving the growth of the Power Rental Market.


Global Power Rental Market Research Report: Forecast (2024-2030)

Global Power Rental Market Challenge:

Stringent Government Regulations Limiting Market Growth – The governments of various countries are focusing on reducing emissions and meeting environmental regulations. With growing environmental concerns, each country has come up with its own sets of regulations and policies to reduce emissions.

Moreover, a country like the US is aiming towards curbing carbon emissions, by regulating diesel fuel consumption, which accounts for CO2 emissions, and greenhouse effects, negative effects on human health. For these reasons, the market growth is decreasing, which affects the market growth of the Power Rental market.

Global Power Rental Market Trend:

The Increased Adoption of Natural Gas-Powered Power Generators Bolstering the Market Growth – The deployment of renewables as an alternative power source to minimize carbon emissions is an emerging trend toward growth of the market. Environmental concerns regulations and convenience for fuel refill are some of the reasons that consumers choosing for natural gas generators over other fuel types.

Moreover, the continuous advancement in the natural gas generators is playing a pivotal role in the market expansion. Manufacturers are investing in R&D to enhance the efficiency, performance, and environmental friendliness of the product. The innovations include combustion systems, more efficient engines, and advanced monitoring and control systems. Consumers are shifting towards natural gas generators and this would help in the growth of the market in the forecast period.

Global Power Rental Market (2024-30): Segmentation Analysis

The Global Power Rental Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It also includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on Fuel Type:

  • Diesel
  • Natural Gas

Diesel generators are generally the most preferred choice among consumers. As diesel is more expensive than gas but it has higher energy density and also gives more energy out of the diesel. They offer a steady power supply in manufacturing, construction, mining, metals, etc. Diesel generators can last up to twice as natural gas generators, as they are built to tolerate the high temperatures and pressure associated with prolonged use.

Based on End User:

  • Power Utility
  • Manufacturing
  • Construction
  • Mining & Metals
  • Others (Events, Corporate & Retail)

The construction sector holds a significant market share among the end users. As construction activities in residential, and commercial activities are increasing due to increasing investment in real estate, infrastructure developments, etc. These construction activities require a steady power supply of energy, which is fulfilled by the power rental generators, buying the generators are costly affair for the constructors, that is why they own the power rental generators for the work. On the construction site energy is not available, so this needs an alternative to the huge demand for energy for efficient work. 

Global Power Rental Market (2024-30): Regional Projections

Geographically, the Global Power Rental Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

The North American region is expected to dominate the Global Power Rental Market during the forecast period, owing to factors such as increasing investment in construction, mining activities, IT and data centers, oil and gas, etc. Countries such as the US and Canada are the fastest-growing markets in the North American region.

Global Power Rental Industry Recent Development:

  • 2023: Aggreko Plc announced the acquisition of Resolute Industrial and Crestchic plc, creating additional growth opportunities through access to high return on capital equipment usually in short supply in the industry.

Gain a Competitive Edge with Our Global Power Rental Market Report

  1. Global Power Rental Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Power Rental Industry Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Power Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7.4% over the forecast period.

   A. The rapid expansion of the construction industry fuelling the market growth is the prominent factor expected to drive the Power Rental Market during 2024-30.

   A. Aggreko Plc, Ashtead Group Plc, United Rental Inc., Atlas Copco, Caterpillar Inc., Generac Holdings Inc., Bredenoord, Nishio Rent All Singapore Pte Ltd., Herc Rental Inc., Rental Solutions & Services, LM Generating Power Co. Ltd., Speedy Hire Plc, APR Energy, Newburn Power Rental, and others (Shenton Group, Modern Hiring Services, etc.), are the top companies in the Power Rental Market.

   A. Based on end users, the construction segment held the largest share of the Power Rental Market.

   A. North American region would present growth prospects in the Power Rental Market during 2024-30.

   A. The increased adoption of natural gas-powered power generators bolstering the market growth is the key trend shaping the growth of the Power Rental Market.

Global Power Rental Market Research Report (2024-2030) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Power Rental Market Trends & Insights
  5. Global Power Rental Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Power Rental Market Policies & Regulations
  7. Global Power Rental Market Hotspot & Opportunities
  8. Global Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment
        1. Generators- Market Size & Forecast 2019-2030F, USD Million
        2. Transformers- Market Size & Forecast 2019-2030F, USD Million
        3. Load Banks- Market Size & Forecast 2019-2030F, USD Million
        4. Ancillary Equipment- Market Size & Forecast 2019-2030F, USD Million
      2. By Fuel Type
        1. Diesel- Market Size & Forecast 2019-2030F, USD Million
        2. Natural Gas- Market Size & Forecast 2019-2030F, USD Million
      3. By Application
        1. Peak Shaving- Market Size & Forecast 2019-2030F, USD Million
        2. Base Load- Market Size & Forecast 2019-2030F, USD Million
        3. Stand by- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating
        1. Up to 50 KW- Market Size & Forecast 2019-2030F, USD Million
        2. 51KW - 500KW- Market Size & Forecast 2019-2030F, USD Million
        3. 501KW- 2500 KW- Market Size & Forecast 2019-2030F, USD Million
        4. Above 2500KW- Market Size & Forecast 2019-2030F, USD Million
      5. By End-User
        1. Power Utility- Market Size & Forecast 2019-2030F, USD Million
        2. Manufacturing- Market Size & Forecast 2019-2030F, USD Million
        3. Construction- Market Size & Forecast 2019-2030F, USD Million
        4. Mining & Metals- Market Size & Forecast 2019-2030F, USD Million
        5. Others (Events, Corporate & Retail)- Market Size & Forecast 2019-2030F, USD Million
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  9. North America Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis      
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment- Market Size & Forecast 2019-2030, USD Million
      2. By Fuel Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating- Market Size & Forecast 2019-2030F, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Canada Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. Mexico Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  10. South America Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment- Market Size & Forecast 2019-2030, USD Million
      2. By Fuel Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating- Market Size & Forecast 2019-2030F, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Argentina Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  11. Europe Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment- Market Size & Forecast 2019-2030, USD Million
      2. By Fuel Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating- Market Size & Forecast 2019-2030F, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Germany Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. France Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    6. Italy Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    7. Spain Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  12. The Middle East & Africa Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment- Market Size & Forecast 2019-2030, USD Million
      2. By Fuel Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating- Market Size & Forecast 2019-2030F, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Egypt
        5. Rest of the Middle East & Africa
    3. The UAE Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Saudi Arabia Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. South Africa Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    6. Egypt Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  13. Asia-Pacific Power Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment- Market Size & Forecast 2019-2030, USD Million
      2. By Fuel Type- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By Power Rating- Market Size & Forecast 2019-2030F, USD Million
      5. By End User- Market Size & Forecast 2019-2030, USD Million
      6. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Southeast Asia
        7. Rest of Asia-Pacific
    3. China Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Japan Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. India Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    6. South Korea Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    7. Australia Power Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment - Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  14. Global Power Rental Market Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Company Profiles 
      1.  Aggreko Plc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Ashtead Group Plc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. United Rental Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Atlas Copco
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Caterpillar Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Generac Holdings Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Bredenoord
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Nishio Rent All Singapore Pte Ltd.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      9. Herc Rental Inc.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      10. Rental Solutions & Services
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      11. LM Generating Power Co. Ltd.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      12. Speedy Hire Plc.
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      13. APR Energy
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      14. Newburn Power Rental
        1. Product Portfolio
        2. Strategic Alliances or Partnerships
        3. Recent Developments
        4. Financial Details
        5. Others
      15. Others (Shenton Group, Modern Hiring Services, etc.)
  16. Disclaimer


Power Rental Market Segmentation
Place an order
Only market data will be provided in the excel spreadsheet.

USD 3,700

The report will be delivered in PDF format without printing rights. It is advised for a single user.

USD 4,850

The report will be delivered in PDF format with printing rights. It is advised for up to five users.

USD 6,000

The report will be delivered in PDF format with printing rights and excel sheet. It is advised for companies where multiple users would like to access the report from multiple locations

USD 7,500

Request Sample Talk to our Consultant Request Customization
Related Reports