The global Power Rental market was valued at US$ 14,580 Mn in 2019 and is projected to reach US$ 30,500 Mn by the end of 2030, with a CAGR of 8.36% from 2019-2030
The power rental market is defined as the rental business of power generators or generators on hire, to fulfill demands of continuous power supply in-case of irregular power cuts and temporary power back-up. This include diesel and gas generators, which are either fixed, portable or towable to support power requirements for demanding applications in industrial as well as commercial sectors.
The market in Asia Pacific Region is projected to exhibit the highest growth during the forecast period, owing to the increasing demand for continued power supply for demanding applications, in emerging economies such as China, India and others.
In the Fuel Type segment, Diesel Generator is expected to dominate the power rental market throughout the forecast period
The power rental equipment providers are doing strategic partnerships across the globe, with distributors and suppliers, to increase their market presence. They also rent/sell directly to the end users via sales representative to fulfil customer demands
Drivers: Unreliable and inconsistent power supply from local power grids
The growth in the power rental business is fueled by the unreliable power supply from the local grids due to poor power transmission network. This causes delay in the delivery of power for required production and operation within the end-use industries for demanding applications. Hence, auxiliary electrical power is required in the scenario of limited power supply, natural disasters, and lack of permanent power in remote locations. Rental generators comes handy while solving these problems for demanding applications in industrial and commercial sectors.
Challenges: Rise in energy transmission and distribution expenditure and economic slowdown
Over the past couple of years, the energy consumption per customer has increased multiple-folds. Hence, the energy transmission and distribution costs are increased, to improve electricity reliability, replacing aging power lines, as the end-use applications keeps growing demanding continuous power supply. Moreover, due to economic slowdown globally, there is uncertainty in the demand-supply for rental equipment which poses as a challenge for the market.
Opportunities: Increasing demand from developing economies such as China, India and MEA
There has been an increase in demand for generator rentals from emerging and developing nations in Asia-Pacific and Middle East & Africa. Countries such as China, India, African countries and GCC countries are running huge infrastructure project and manufacturing plants, which demands for power supply back-up in case of emergencies and power cuts. Having access to the power rental equipment, the industries such as mining, oil & gas, manufacturing, utilities and others and have steady power supply for operational support.
Global Power Rental Market is segmented into fuel such as Diesel, Gas, and Dual Fuel, by power rating such as 11-50 KW, 51-200 KW, 201-500 KW, 501-1000 KW, 1501-2000 KW, and Above 2000 KW. Further, market is segmented into end user such as Utilities, Oil & Gas, Events, Construction, Mining, and Shipping.
Also, Global Power Rental Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key Players are discussed in this report such as Aggreko, Rental Solutions & Services LLC., Soenergy International Inc., Hertz Corporation, Speedy Hire PLC, Kohler Co., and Atlas Copco CB
By Power Rating 11-50 KW 51-200 KW 201-500 KW 501-1000 KW 1501-2000 KW Above 2000 KW
By End User Utilities Oil & Gas Events Construction Mining Shipping
By Region North America Latin America Europe Asia Pacific Middle East & Africa
Key Questions Addressed by the Report What are the Key Opportunities in Global Power Rental Market? What will be the growth rate from 2019 to 2030? Which segment/region will have highest growth? What are the factors that will impact/drive the Market? What is the competitive Landscape in the Industry? What is the role of key players in the value chain? What are the strategies adopted by key players?
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Power Rental Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Rental Market, By Fuel
5.1 Y-o-Y Growth Comparison, By Fuel
5.2 Global Power Rental Market Share Analysis, By Fuel
5.3 Global Power Rental Market Size and Forecast, By Fuel
5.3.1 Diesel
5.3.2. Gas
5.3.3. Dual Fuel
6 Global Power Rental Market , By Power Rating
6.1 Y-o-Y Growth Comparison, By Power Rating
6.2 Global Power Rental Market Share Analysis, By Power Rating
6.3 Global Power Rental Market Size and Forecast, By Power Rating
6.3.1 11-50 KW
6.3.2 50-200 KW
6.3.3.201-500 KW
6.3.4.501- 1000 KW
6.3.5.1501-2000 KW
6.3.6. Above 2000 KW
7 Global Power Rental Market, End User
7.1 Y-o-Y Growth Comparison, End User
7.2 Global Power Rental Market Share Analysis, End User
7.3 Global Power Rental Market Size and Forecast, End User
7.3. 1Utillitis
7.3.2 Oil & Gas
7.3.3. Events
7.3.4. Construction
7.3.5. Mining
7.3.6. Shipping
8Global Power Rental Market, By Region
8.1 Global Power Rental Market Share Analysis, By Region
8.2 Global Power Rental Market Share Analysis, By Region
8.3 Global Power Rental Market Size and Forecast, By Region
9 North America Power Rental Market Analysis and Forecast (2020-2030)
9.1 Introduction
9.2 North America Power Rental Market Share Analysis, By Fuel
9.3 North America Power Rental Market Size and Forecast, By Power Rating
9.4 North America Power Rental Market Size and Forecast, End User
9.5 North America Power Rental Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropePower Rental Market Analysis and Forecast (2020-2030)
10.1 Introduction
10.2 Europe Power Rental Market Share Analysis, By Fuel
10.3 Europe Power Rental Market Size and Forecast, By Power Rating
10.4 Europe Power Rental Market Size and Forecast, End User
10.5 Europe Power Rental Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Power Rental Market Analysis and Forecast (2020-2030)
11.1 Introduction
11.2 Asia Pacific Power Rental Market Share Analysis, By Fuel
11.3 Asia Pacific Power Rental Market Size and Forecast, By Power Rating
11.4 Asia Pacific Power Rental Market Size and Forecast, End User
11.5 Asia Pacific Power Rental Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Power Rental Market Analysis and Forecast (2020-2030)
12.1 Introduction
12.2 Latin America Power Rental Market Share Analysis, By Fuel
12.3 Latin America Power Rental Market Size and Forecast, By Power Rating
12.4 Latin America Power Rental Market Size and Forecast, End User
12.5 Latin America Power Rental Market Size and Forecast, Country
13Middle East Power Rental Market Analysis and Forecast (2020-2030)
13.1 Introduction
13.2 Middle East Power Rental Market Share Analysis, By Fuel
13.3 Middle East Power Rental Market Size and Forecast, By Power Rating
13.4 Middle East Power Rental Market Size and Forecast, End User
13.5 Middle East Power Rental Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Aggreko
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Rental Solutions & Services LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Soenergy International Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Hertz Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Speedy Hire PLC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Kohler Co
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Atlas Copco CB
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
