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Global Power Rental Market By Fuel Type, By Power Rating, By End-User, By Application, By Region, By Company, Competition, Forecast & Opportunities, 2024

  • ID: 4755346
  • Report
  • Region: Global
  • 110 pages
  • TechSci Research
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Global Power Rental Market Anticipated to Grow at a CAGR of 9% and Surpass $20 Billion by 2024

FEATURED COMPANIES

  • Aggreko, PLC
  • Atlas Copco
  • Caterpillar Inc.
  • Herc Holdings Inc.
  • Kohler Co.
  • Multiquip Inc.
  • MORE

"Global Power Rental Market By Fuel Type (Diesel Generators, and Gas Generators), By Power Rating (Up to 50 kW, 51 kW-500 kW, 501 kW-1000 kW, Above 1000 kW), By End-User (Commercial, Manufacturing, Events, Construction, Utilities, Mining, Oil & Gas and Others), By Application (Prime Power, Standby Power, Continuous Power), By Region, By Company, Competition, Forecast & Opportunities, 2024"

The Global power rental market is anticipated to grow at a CAGR of 9% and surpass $20 billion by 2024 on account of increasing power loss due to aging infrastructure and limited access to electricity in rural areas. Rental power plants are the best solution for the temporary power shortage. The rental power plants are designed to stabilize the utility power grids and to provide extra energy to the communities and support industries that are facing efficiency problems due to insufficient power supply.

Upsurge in the demand from the events and entertainment industry and power needs in the natural disaster-affected regions are some of the factors driving the power rental market growth, globally. Growing demand for electricity coupled with power outages, which is a common problem in underdeveloped and developing nations, would boost the global power rental market. Furthermore, rising awareness about the advantages of outsourcing is making customers more bias towards renting power, as this allows them to focus on their core competencies expertise instead of worrying over managing finances for purchasing the machine.

In terms of fuel type, the global power rental market is categorized into diesel generators, gas generators and others. The diesel generators category accounted for a significant portion of the power rental market in 2018, as these generators provide a quick response, as well as have a long running life and easy availability of fuel. Moreover, diesel generators help regulate fluctuations by providing continuous stream of voltage power, without dips and peaks of other devices. Diesel generators are used in many manufacturing and commercial facilities and are easily available in portable form, thus diesel run generators are expected to maintain their strong market position during the forecast period.

In terms of application, the global power rental market is categorized into commercial, manufacturing, event, construction, utilities, mining, oil & gas and others. The utilities category accounted for a significant portion of the global market in 2018, owing to aging fleet of thermal power plants in various regions, which in turn is resulting in their conversion or decommissioning into natural gas-fueled plants. Thus, to fill the power supply demand gap during the maintenance, conversion or shut down of power plants, utility companies are renting power generators of different ratings.

Regionally, North America is the largest market for power rental across the globe, on account of aging infrastructure and increasing power demand in the region. Moreover, power rental market in Middle East & Africa is witnessing significant growth, backed by increasing number of construction projects, growing utilities sector, extreme weather conditions, post-disaster emergencies and unavailability of power grid in remote locations. Over the coming years, power rental market in Middle East & Africa is expected to register significant growth.

The Global power rental market is highly fragmented, owing to the presence of many power rental players in the market. Vendors provide required power solutions such as modular generation systems to meet the evolving needs of the end-user industries. Some of the leading players in the global power rental market are Kohler Co., Atlas Copco, Caterpillar Inc., Aggreko PLC, among others.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast the global power rental market size, in terms of value.
  • To forecast the global power rental market based on fuel type, power rating, end-user, application and regional distribution.
  • To identify drivers and challenges for the global power rental market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the global power rental market.
  • To conduct the pricing analysis for the global power rental market.
  • To identify and analyze the profile of leading players operating in the the global power rental market.

Some of the leading players in the global power rental market are Kohler Co., Atlas Copco, Caterpillar Inc., Aggreko PLC, Speedy Hire PLC, Herc Holdings Inc., Multiquip Inc., Bredenoord Exploitatiemij B.V., Wacker Neuson SE and Wärtsilä Corporation.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of service providers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the service offerings, distribution channels and presence of all major providers across the globe.

The author calculated the global power rental market size using a top down approach, where data for various application across various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

  • Power rental vendors
  • Power utility providers
  • Energy regulatory agencies
  • Distributors and suppliers
  • Organizations, forums and alliances related to power rental market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, end users etc. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the global power rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Fuel Type:

  • Diesel Generators
  • Gas Generators
  • Others

Market, by Power Rating:

  • Up to 50 kW
  • 51 kW-500 kW
  • 501 kW-1000 kW
  • Above 1000 kW

Market, by End-User:

  • Commercial
  • Manufacturing
  • Event
  • Construction
  • Utilities
  • Mining
  • Oil & Gas
  • Others

Market, by Application:

  • Prime Power
  • Standby Power
  • Continuous Power

Market, by Region:

  • Asia-Pacific
  • - China
  • - India
  • - Japan
  • - South Korea
  • - Australia
  • - Indonesia
  • - Malaysia
  • Europe
  • - France
  • - Germany
  • - United Kingdom
  • - Italy
  • - Spain
  • North America
  • - United States
  • - Mexico
  • - Canada
  • South America
  • - Brazil
  • - Argentina
  • - Colombia
  • Middle East & Africa
  • - Nigeria
  • - Saudi Arabia
  • - UAE
  • - Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global power rental market.

Available Customizations:

With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

*Note - Custom Research License:

For both the Single and Enterprise user license, 10% report specific customization is available free of any additional cost, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aggreko, PLC
  • Atlas Copco
  • Caterpillar Inc.
  • Herc Holdings Inc.
  • Kohler Co.
  • Multiquip Inc.
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
4.6. Unmet Needs

5. Global Power Rental Market Overview

6. Global Power Rental Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Fuel Type (Diesel Generators, Gas Generators, Others)
6.2.2. By Power Rating (Up to 50 kW, 51 kW-500 kW, 501 kW-1000 kW, Above 1000 kW)
6.2.3. By End-User (Commercial, Manufacturing, Events, Construction, Utilities, Mining, Oil & Gas and Others)
6.2.4. By Application (Prime Power, Standby Power, Continuous Power)
6.2.5. By Company
6.2.6. By Region
6.3. Market Attractiveness Index

7. Asia-Pacific Power Rental Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Power Rating
7.2.2. By End-User
7.2.3. By Application
7.2.4. By Country
7.3. Market Attractiveness Index
7.4. Asia-Pacific: Country Analysis
7.4.1. China Power Rental Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Power Rating
7.4.1.2.2. By End-User
7.4.2. India Power Rental Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Power Rating
7.4.2.2.2. By End-User
7.4.3. Japan Power Rental Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Power Rating
7.4.3.2.2. By End-User
7.4.4. South Korea Power Rental Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Power Rating
7.4.4.2.2. By End-User
7.4.5. Australia Power Rental Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Power Rating
7.4.5.2.2. By End-User
7.4.6. Indonesia Power Rental Market Outlook
7.4.6.1. Market Size & Forecast
7.4.6.1.1. By Value
7.4.6.2. Market Share & Forecast
7.4.6.2.1. By Power Rating
7.4.6.2.2. By End-User
7.4.7. Malaysia Power Rental Market Outlook
7.4.7.1. Market Size & Forecast
7.4.7.1.1. By Value
7.4.7.2. Market Share & Forecast
7.4.7.2.1. By Power Rating
7.4.7.2.2. By End-User

8. Europe Power Rental Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Power Rating
8.2.2. By End-User
8.2.3. By Application
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Europe: Country Analysis
8.4.1. France Power Rental Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Power Rating
8.4.1.2.2. By End-User
8.4.2. Germany Power Rental Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Power Rating
8.4.2.2.2. By End-User
8.4.3. United Kingdom Power Rental Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Power Rating
8.4.3.2.2. By End-User
8.4.4. Italy Power Rental Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Power Rating
8.4.4.2.2. By End-User
8.4.5. Spain Power Rental Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Power Rating
8.4.5.2.2. By End-User

9. North America Power Rental Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Power Rating
9.2.2. By End-User
9.2.3. By Application
9.2.4. By Country
9.3. Market Attractiveness Index
9.4. North America: Country Analysis
9.4.1. United States Power Rental Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Power Rating
9.4.1.2.2. By End-User
9.4.2. Mexico Power Rental Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Power Rating
9.4.2.2.2. By End-User
9.4.3. Canada Power Rental Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Power Rating
9.4.3.2.2. By End-User

10. South America Power Rental Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Power Rating
10.2.2. By End-User
10.2.3. By Application
10.2.4. By Country
10.3. Market Attractiveness Index
10.4. South America: Country Analysis
10.4.1. Brazil Power Rental Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Power Rating
10.4.1.2.2. By End-User
10.4.2. Argentina Power Rental Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Power Rating
10.4.2.2.2. By End-User
10.4.3. Colombia Power Rental Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Power Rating
10.4.3.2.2. By End-User

11. Middle East and Africa Power Rental Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Power Rating
11.2.2. By End-User
11.2.3. By Application
11.2.4. By Country
11.3. Market Attractiveness Index
11.4. MEA: Country Analysis
11.4.1. Nigeria Power Rental Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Power Rating
11.4.1.2.2. By End-User
11.4.2. Saudi Arabia Power Rental Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Power Rating
11.4.2.2.2. By End-User
11.4.3. UAE Power Rental Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Power Rating
11.4.3.2.2. By End-User
11.4.4. Qatar Power Rental Market Outlook
11.4.4.1. Market Size & Forecast
11.4.4.1.1. By Value
11.4.4.2. Market Share & Forecast
11.4.4.2.1. By Power Rating
11.4.4.2.2. By End-User

12. Pricing Analysis

13. Market Dynamics
13.1. Drivers
13.2. Challenges

14. Market Trends & Developments

15. Competitive Landscape
15.1. Competition Outlook
15.2. Company Profiles
15.2.1. Basic Details
15.2.2. Financials (As reported)
15.2.3. Supply Chain Analysis
15.2.4. Key Market Focus and Geographical Presence
15.2.5. Planned Investments
15.2.6. Pricing of Target Products
15.2.7. Market Positioning
15.3. Global Players Profiled (Leading Companies)
15.3.1 Kohler Co.
15.3.2 Atlas Copco
15.3.3 Caterpillar Inc.
15.3.4 Aggreko, PLC
15.3.5 Speedy Hire PLC
15.3.6 Herc Holdings Inc.
15.3.7 Multiquip Inc.
15.3.8 Bredenoord Exploitatiemij B.V.
15.3.9 Wacker Neuson SE
15.3.10 Wärtsilä Corporation
(Note: The companies list can be customized based on the client requirements)

16. Strategic Recommendations

*Full List of Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Kohler Co.
  • Atlas Copco
  • Caterpillar Inc.
  • Aggreko, PLC
  • Speedy Hire PLC
  • Herc Holdings Inc.
  • Multiquip Inc.
  • Bredenoord Exploitatiemij B.V.
  • Wacker Neuson SE
  • Wärtsilä Corporation
Note: Product cover images may vary from those shown
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