Power Rental Market by Fuel (Diesel, Gas, Dual Fuel & HFO), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region - Global Forecasts to 2022

  • ID: 4340223
  • Report
  • Region: Global
  • 197 Pages
  • Markets and Markets
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The Global Power Rental Market was Valued at USD 12.54 Billion in 2016 and is Projected to Reach USD 20.64 Billion by 2022, at a CAGR of 8.49%, from 2017 to 2022

FEATURED COMPANIES

  • Aggreko, PLC
  • Ashtead Group, PLC
  • Caterpillar, Inc.
  • Generac Power Systems
  • Multiquip, Inc.
  • United Rentals, Inc.
  • MORE

“The power rental market is projected to grow at a CAGR of 8.49%, from 2017 to 2022”

The power rental market is projected to reach USD 20.64 billion by 2022, at a CAGR of 8.49%, from 2017 to 2022. Power rental solutions are required by end-users, such as the utilities, oil & gas, manufacturing, and events sectors, that do not have access to permanent or sufficient grid power to managing peak loads and ensure smooth functioning. Moreover, these solutions can be deployed with a lower turnaround time and are less capital-intensive, which is expected to boost the demand for power rental solutions. The lack of power infrastructure and an increase in power demand would further drive the demand for power rental solutions. The power rental market is driven by the increasing power demand, lack of power infrastructure, and lesser turnaround time. However, there are various challenges faced by the market such as stringent emission regulations and a focus on renewable energy.

“The events end-user segment is expected to grow at the highest CAGR, from 2017 to 2022”

The events segment is expected to be the fastest growing power rental market, by end-user, from 2017 to 2022. Events are defined as planned public or social occasions and can be classified as musical, sports, and other entertainment activities. In this study, sporting events have also been considered as part of the market. The sports market recorded an expenditure of USD 145 billion in 2015 and is expected to grow at a CAGR of 4% (approximately) over the next five years. At events, there is a need to fast-track power to maintain a continuous supply of electricity resulting in the high demand for power rental solutions and providing a boost to the power rental market. The events power rental markets in Europe and North America are expected to have larger shares in comparison to the markets in other regions.

“The 1,501 kW-2,000 kW power rating segment is expected to be the largest market”

The 1,501 kW-2,000 kW segment is expected to be the largest power rental market, by power rating. Generators in the 501 kW-2,500 kW power rating category are used in the mining, oil & gas, manufacturing, shipping, and utility sectors. These generators can be used to provide standby power as well as power during peak shaving.

“The European market is expected to grow at the highest CAGR, from 2017 to 2022"

The European market is expected to grow at the highest CAGR, from 2017 to 2022. The increasing power consumption and aging power plants in Europe are driving the power rental market in the region. Furthermore, a majority of the nuclear power plants in Europe are over 40 years old, thus, increasing the risks of power outages and further driving the demand for power rental solutions.

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- 62%, Tier2- 23%, Tier 3- 15%
  • By Designation: D-Level- 40%, C-Level- 35%, Engineer Level- 25%
  • By Region: Asia-Pacific- 35%, Middle East-20%, North America-15%, Europe-12%, Africa-10%, South America- 8%

The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion

The leading players in the power rental market include Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and APR Energy, PLC (U.S.).

Research Coverage:

From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the power rental market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on products and integrated solutions and services offered by the top players in the global power rental market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the power rental market
  • Market Development: Comprehensive information about lucrative emerging markets-the report analyzes the markets for power rental across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global power rental market
  • Competitive Assessment: In-depth vendor DIVE analysis of all the strategies, products, and manufacturing capabilities of the leading players in the global power rental market
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FEATURED COMPANIES

  • Aggreko, PLC
  • Ashtead Group, PLC
  • Caterpillar, Inc.
  • Generac Power Systems
  • Multiquip, Inc.
  • United Rentals, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Power Rental Market, 2017-2022
4.2 Power Rental Market, By Region, 2016
4.3 Power Rental Market, By Application, 2017 & 2022
4.4 Power Rental Market, By End-Users, 2017 & 2022
4.5 Power Rental Market, By Fuel Type, 2017 & 2022

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Power
5.2.1.2 Obsolete T&D Infrastructure
5.2.1.3 New Customized Compressed Air Rental Solutions
5.2.2 Restraints
5.2.2.1 Payment Issues in Underdeveloped and Developing Nations
5.2.2.2 Uncertainty in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Obsolete Permanent Power Plants
5.2.3.2 Growth Potential in Emerging Economies
5.2.3.3 Next-Generation Air Compressors
5.2.4 Challenges
5.2.4.1 Influence of Oil Price Fluctuations on Oil Dependent Sectors
5.2.4.2 Stringent Emission Regulations
5.2.4.3 Growing Focus on Renewable Energy
5.3 Compressor Rental Market

6 Power Rental Market, By Application
6.1 Introduction
6.2 Peak Shaving
6.3 Standby Power
6.4 Base Load/Continuous Power

7 Power Rental Market, By End-Users
7.1 Introduction
7.2 Utilities
7.3 Oil & Gas
7.4 Events
7.5 Construction
7.6 Mining
7.7 Manufacturing
7.8 Shipping
7.9 Others

8 Power Rental Market, By Fuel Type
8.1 Introduction
8.2 Diesel Generators
8.3 Gas Generators
8.4 Others

9 Power Rental Market, By Power Rating
9.1 Introduction
9.2 Up to 50 kW Power Rating
9.3 51 kW-500 kW Power Rating
9.4 501 kW-2,500 kW Power Rating

10 Power Rental Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.2.1 China
10.2.2 India
10.2.3 Australia
10.2.4 Japan
10.2.5 Singapore
10.2.6 Indonesia
10.2.7 Bangladesh
10.2.8 The Rest of Asia-Pacific
10.3 North America
10.3.1 The U.S.
10.3.2 Canada
10.3.3 Mexico
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 The Rest of South America
10.5 Europe
10.5.1 The U.K.
10.5.2 Germany
10.5.3 Russia
10.5.4 Italy
10.5.5 France
10.5.6 Turkey
10.5.7 The Rest of Europe
10.6 Middle East
10.6.1 Saudi Arabia
10.6.2 The U.A.E.
10.6.3 Iran
10.6.4 Qatar
10.6.5 Oman
10.6.6 The Rest of the Middle East
10.7 Africa
10.7.1 Algeria
10.7.2 Egypt
10.7.3 South Africa
10.7.4 Nigeria
10.7.5 Libya
10.7.6 Mozambique
10.7.7 The Rest of Africa

11 Competitive Landscape
11.1 Overview
11.2 Key Players in the Power Rental Market
11.2.1 Growth Strategies in the Power Rental Market
11.3 Power Rental Market: Competitors’ Ranking, 2016
11.3.1 Growth Strategies in the Power Rental Market
11.4 Competitive Situation & Trends
11.5 Competitive Leadership Mapping
11.5.1 Visionary Leaders
11.5.2 Innovators
11.5.3 Dynamic Differentiators
11.5.4 Emerging Companies
11.6 Competitive Benchmarking
11.6.1 Strength of Product Portfolio (25 Companies)
11.6.2 Business Strategy Excellence (25 Companies)

12 Company Profiles
(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
12.1 Caterpillar, Inc.
12.2 Atlas Copco
12.3 Cummins, Inc.
12.4 United Rentals, Inc.
12.5 Ashtead Group, PLC
12.6 Aggreko, PLC
12.7 APR Energy, PLC
12.8 Bredenoord Exploitatiemij B.V.
12.9 Kohler Co.
12.10 Power Electrics Bristol Limited
12.11 Rental Solutions & Services, LLC
12.12 Smart Energy Solutions
12.13 Hertz Equipment Rental Corporation
12.14 Soenergy International, Inc.
12.15 Generac Power Systems
12.16 Multiquip, Inc.
12.17 Wacker Neuson SE
12.18 Wärtsilä Corporation

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts

List of Tables

Table 1 Power Rental Market Snapshot
Table 2 Power Generation (2012-2017)
Table 3 Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 4 Peak Shaving: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 5 Standby Power: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 6 Base Load/Continuous Power: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 7 Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 8 Utilities: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 9 Oil & Gas: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 10 Events: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 11 Construction: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 12 Mining: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 13 Manufacturing: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 14 Shipping: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 15 Others: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 16 Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 17 Diesel Generators: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 18 Gas Generators: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 19 Others Generator Segment: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 20 Generator Power Rating Categories Required By Different End-Users
Table 21 Power Rental Market Size, By Power Rating, 2015-2022 (USD Million)
Table 22 Less Than 10 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 23 11 kW-20 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 24 21 kW-50 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 25 51 kW-100 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 26 101 kW-250 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 27 251 kW-500 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 28 501 kW-1,000 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 29 1,001 kW-1,500 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 30 1,501 kW-2,000 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 31 2,001 kW-2,500 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 32 Above 2,500 kW Rating: Power Rental Market Size, By Region, 2015-2022 (USD Million)
Table 33 Power Rental Market Size, By Region, 2015- 2022 (USD Million)
Table 34 Asia-Pacific: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 35 Asia-Pacific: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 36 Asia-Pacific: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 37 Asia-Pacific: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 38 China: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 39 India: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 40 Australia: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 41 Japan: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 42 Singapore: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 43 Indonesia: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 44 Bangladesh: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 45 The Rest of Asia-Pacific: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 46 North America: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 47 North America: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 48 North America: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 49 North America: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 50 The U.S.: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 51 Canada: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 52 Mexico: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 53 South America: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 54 South America: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 55 South America: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 56 South America: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 57 Brazil: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 58 Argentina: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 59 Chile: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 60 The Rest of South America: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 61 Europe: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 62 Europe: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 63 Europe: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 64 Europe: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 65 The U.K.: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 66 Germany: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 67 Russia: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 68 Italy: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 69 France: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 70 Turkey: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 71 The Rest of Europe: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 72 Middle East: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 73 Middle East: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 74 Middle East: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 75 Middle East: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 76 Saudi Arabia: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 77 The U.A.E.: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 78 Iran: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 79 Qatar: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 80 Oman: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 81 The Rest of the Middle East: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 82 Africa: Power Rental Market Regional Snapshot
Table 83 Africa: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 84 Africa: Power Rental Market Size, By Fuel Type, 2015-2022 (USD Million)
Table 85 Africa: Power Rental Market Size, By Application, 2015-2022 (USD Million)
Table 86 Africa: Power Rental Market Size, By Country, 2015-2022 (USD Million)
Table 87 Algeria: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 88 Egypt: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 89 South Africa: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 90 Nigeria: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 91 Libya: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 92 Mozambique: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)
Table 93 The Rest of Africa: Power Rental Market Size, By End-Users, 2015-2022 (USD Million)

List of Figures

Figure 1 Markets Covered: Power Rental Market
Figure 2 Markets Covered: Compressor Rental Market
Figure 3 Power Rental Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Power Rental Market: Market Estimation Approach & Data Triangulation Methodology
Figure 8 The North American Market Dominated the Power Rental Market in 2016
Figure 9 The Utilities Segment is Expected to Lead the Power Rental Market, By End-Users, During the Forecast Period
Figure 10 Power Rental Market: Fuel Type Snapshot
Figure 11 Power Rental Market Share, By Application, 2017 & 2022
Figure 12 Increasing Power Demand is Expected to Drive the Power Rental Market During the Forecast Period
Figure 13 The North American Market is Expected to Hold the Largest Share in 2016
Figure 14 The Standby Power Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 15 The Utilities Segment is Expected to Lead the Power Rental Market During the Forecast Period
Figure 16 The Diesel Segment is Expected to Lead the Power Rental Market During the Forecast Period
Figure 17 Market Dynamics for the Power Rental Market
Figure 18 Compressor Rental Market: 2017-2022
Figure 19 Compressor Rental Market: 2016
Figure 20 Power Rental Market Share (Value), By Application, 2016
Figure 21 Power Rental Market Share (Value), By Generator Type, 2016
Figure 22 Power Rental Market Share (Value), By Power Rating, 2016
Figure 23 Regional Snapshot: the European Market to Be the Fastest Growing Market, ByCAGR , During the Forecast Period
Figure 24 Power Rental Market Share (Value), By Region, 2016
Figure 25 North American: Power Rental Market Regionalsnapshot
Figure 26 Companies Adopted New Product Launches, Contracts & Agreements, Mergers & Acquisitions, & Awards & Recognitions to Capture A Share of the Market
Figure 27 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2014-2017
Figure 28 Market Evaluation Framework: New Product Launches, Mergers, Acquisitions, & Partnerships, Contracts & Agreements, & Others Fueled the Growth of Companies From 2014 to 2017
Figure 29 Caterpillar, Inc.: Company Snapshot
Figure 30 Atlas Copco: Company Snapshot
Figure 31 Cummins, Inc.: Company Snapshot
Figure 32 United Rentals, Inc.: Company Snapshot
Figure 33 Ashtead Group, PLC: Company Snapshot
Figure 34 Aggreko, PLC: Company Snapshot
Figure 35 APR Energy, PLC: Company Snapshot
Figure 36 Generac Power Systems: Company Snapshot
Figure 37 Wacker Neuson SE: Company Snapshot
Figure 38 Wärtsilä Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • APR Energy, PLC
  • Aggreko, PLC
  • Ashtead Group, PLC
  • Atlas Copco
  • Bredenoord Exploitatiemij B.V.
  • Caterpillar, Inc.
  • Cummins, Inc.
  • Generac Power Systems
  • Hertz Equipment Rental Corporation
  • Kohler Co.
  • Multiquip, Inc.
  • Power Electrics Bristol Limited
  • Rental Solutions & Services, LLC
  • Smart Energy Solutions
  • Soenergy International, Inc.
  • United Rentals, Inc.
  • Wacker Neuson SE
  • Wärtsilä Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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