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Global Power Generator Rental Market by Generator Rating (101- 500 kVA, 501- 1000 kVA, Above 1000 kVA), Fuel Type (Diesel, Natural Gas), End User - Forecast 2023-2030

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    Report

  • 186 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4968546
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The Power Generator Rental Market size was estimated at USD 13.04 billion in 2022, USD 13.87 billion in 2023, and is expected to grow at a CAGR of 6.47% to reach USD 21.55 billion by 2030.

The power generator rental market comprises services provided by companies that rent generators on a temporary basis to end-users who require power supply for various applications. These generators can be of different types and capacities, catering to different industry verticals, such as construction, mining, events, oil & gas, and emergency services. The rising frequency of power outages due to aging electrical grid infrastructure and natural disasters drives the demand for rental solutions. The surge in construction and infrastructure development activities in emerging economies bolsters the market significantly. The shift toward sustainable energy practices is motivating rental companies to offer eco-friendly generators, which appeal to environmentally conscious customers. The high operational costs involved in transporting and maintaining generators limit the adoption of rental power generators. Moreover, stringent environmental regulations regarding emissions are increasing the pressure on rental companies to invest in cleaner technologies, which may lead to higher rental prices. Volatility in fuel prices and the growing competition from alternative energy sources also pose significant challenges. Integrating renewable energy sources with conventional power generators to create hybrid systems poses potential opportunities for market growth. Expansion in emerging markets provides significant opportunities, coupled with an increased focus on event management and public infrastructure development.

Regional Insights

In the Americas, the power generator rental market is boosted by a combination of factors such as natural disasters, age-old grid infrastructure, construction activities, and an increase in outdoor events. Consumers in this region typically demonstrate a preference for rental generators due to lower capital investments and the flexibility to scale up and down based on project requirements. The growing awareness about the benefits of uninterrupted power supply in achieving business continuity during outages is further fuelling this market in the American region. European Union countries are experiencing a growing demand for generator rentals due to the increasing number of events and industrial activities and stringent regulations about energy use and emissions. The adoption of next-generation power generator systems that comply with the EU's emissions standards reflects the region's commitment to environmental conservation. Moreover, the expansion of renewable energy infrastructure in Europe is influencing the rental market as backup solutions are required for intermittent renewable sources. The Middle East and Africa (MEA) region exhibits a high demand for rental generators due to the extensive construction activities and the oil & gas sector's consistent growth. The region's hot climate adds to the need for reliable power generators to ensure uninterrupted air conditioning and industrial processes. Customers in the Africa and Middle East regions prioritize generator rentals for their scalability, especially for project-based work in the energy sector and public events. The Asia Pacific region is witnessing notable growth in the power generator rental market. This surge is attributed to the region's rapid industrialization, infrastructure development, and increased occurrence of power outages. In India, the demand is further driven by large-scale events, weddings, and increasing construction activities. Innovation is a key focus in the Asia Pacific market, with research into smart, connected generators capable of remote monitoring and diagnostics gaining traction.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Power Generator Rental Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Power Generator Rental Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Power Generator Rental Market, highlighting leading vendors and their innovative profiles. These include Agco Corporation, Aggreko Ltd., Aksa Power Generation Inc., Allmand Bros., Inc. by Briggs & Stratton, Ashtead Group PLC, Atlas Copco AB, Bredenoord, Caterpillar Inc., Cooper Equipment Rentals Ltd., Cummins Inc., Duthie Power Services, Energy Systems Southeast, LLC, GEN-TECH, Generac Power Systems, Inc., Herc Rentals Inc., Himoinsa S.L. by Yanmar Co., Ltd., Kohler Co., Multiquip Inc., Power Plus, Red-D-Arc Inc. by Air liquide S.A., Reddy Generators, Sime Darby Berhad, SoEnergy International, Sun for Rent, and United Rentals, Inc.

Market Segmentation & Coverage

This research report categorizes the Power Generator Rental Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Generator Rating
    • 101- 500 kVA
    • 501- 1000 kVA
    • Above 1000 kVA
    • Up to 100 kVA
  • Fuel Type
    • Diesel
    • Natural Gas
  • End User
    • Construction
    • Events
    • Mining
    • Oil & Gas
    • Utilities
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Power Generator Rental Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Power Generator Rental Market?
  3. What are the technology trends and regulatory frameworks in the Power Generator Rental Market?
  4. What is the market share of the leading vendors in the Power Generator Rental Market?
  5. Which modes and strategic moves are suitable for entering the Power Generator Rental Market?

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With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Power Generator Rental Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Demand for the Continuous Power Supply in the Oil & Gas and Construction & Utility Sector
5.1.1.2. Advantages of Rental Power Generator Over the Ownership
5.1.1.3. Growing Incidence of Power Outages
5.1.2. Restraints
5.1.2.1. Stringent Emission Regulations
5.1.3. Opportunities
5.1.3.1. Expanding Manufacturing Sector in Emerging Economies
5.1.3.2. Advancements Associated With Power Rental Generators
5.1.4. Challenges
5.1.4.1. Demand Fluctuations due to Economic Instability
5.2. Market Segmentation Analysis
5.2.1. Generator Rating: Growing utilization of 1000 kVA with expansion of industries and data centers
5.2.2. Fuel Type: Growing preference for natural gas generators due to its lower carbon emissions
5.2.3. End User: Rising construction activities owing the high adoption of power generators
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Power Generator Rental Market, by Generator Rating
6.1. Introduction
6.2. 101- 500 kVA
6.3. 501- 1000 kVA
6.4. Above 1000 kVA
6.5. Up to 100 kVA
7. Power Generator Rental Market, by Fuel Type
7.1. Introduction
7.2. Diesel
7.3. Natural Gas
8. Power Generator Rental Market, by End User
8.1. Introduction
8.2. Construction
8.3. Events
8.4. Mining
8.5. Oil & Gas
8.6. Utilities
9. Americas Power Generator Rental Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Power Generator Rental Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Power Generator Rental Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. United Rentals acquires EODev's GEH2 Hydrogen Power Generators
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. Speedy partners to rent fuel-cell generators
12.3.3. New Product Launch & Enhancement
12.3.3.1. Cummins Launches New Twinpack Rental Power Diesel Generator
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Agco Corporation
13.1.2. Aggreko Ltd.
13.1.3. Aksa Power Generation Inc.
13.1.4. Allmand Bros., Inc. by Briggs & Stratton
13.1.5. Ashtead Group PLC
13.1.6. Atlas Copco AB
13.1.7. Bredenoord
13.1.8. Caterpillar Inc.
13.1.9. Cooper Equipment Rentals Ltd.
13.1.10. Cummins Inc.
13.1.11. Duthie Power Services
13.1.12. Energy Systems Southeast, LLC
13.1.13. GEN-TECH
13.1.14. Generac Power Systems, Inc.
13.1.15. Herc Rentals Inc.
13.1.16. Himoinsa S.L. by Yanmar Co., Ltd.
13.1.17. Kohler Co.
13.1.18. Multiquip Inc.
13.1.19. Power Plus
13.1.20. Red-D-Arc Inc. by Air liquide S.A.
13.1.21. Reddy Generators
13.1.22. Sime Darby Berhad
13.1.23. SoEnergy International
13.1.24. Sun for Rent
13.1.25. United Rentals, Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. POWER GENERATOR RENTAL MARKET RESEARCH PROCESS
FIGURE 2. POWER GENERATOR RENTAL MARKET SIZE, 2022 VS 2030
FIGURE 3. POWER GENERATOR RENTAL MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. POWER GENERATOR RENTAL MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. POWER GENERATOR RENTAL MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. POWER GENERATOR RENTAL MARKET DYNAMICS
FIGURE 7. POWER GENERATOR RENTAL MARKET SIZE, BY GENERATOR RATING, 2022 VS 2030 (%)
FIGURE 8. POWER GENERATOR RENTAL MARKET SIZE, BY GENERATOR RATING, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. POWER GENERATOR RENTAL MARKET SIZE, BY FUEL TYPE, 2022 VS 2030 (%)
FIGURE 10. POWER GENERATOR RENTAL MARKET SIZE, BY FUEL TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. POWER GENERATOR RENTAL MARKET SIZE, BY END USER, 2022 VS 2030 (%)
FIGURE 12. POWER GENERATOR RENTAL MARKET SIZE, BY END USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES POWER GENERATOR RENTAL MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES POWER GENERATOR RENTAL MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA POWER GENERATOR RENTAL MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. POWER GENERATOR RENTAL MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. POWER GENERATOR RENTAL MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Agco Corporation
  • Aggreko Ltd.
  • Aksa Power Generation Inc.
  • Allmand Bros., Inc. by Briggs & Stratton
  • Ashtead Group PLC
  • Atlas Copco AB
  • Bredenoord
  • Caterpillar Inc.
  • Cooper Equipment Rentals Ltd.
  • Cummins Inc.
  • Duthie Power Services
  • Energy Systems Southeast, LLC
  • GEN-TECH
  • Generac Power Systems, Inc.
  • Herc Rentals Inc.
  • Himoinsa S.L. by Yanmar Co., Ltd.
  • Kohler Co.
  • Multiquip Inc.
  • Power Plus
  • Red-D-Arc Inc. by Air liquide S.A.
  • Reddy Generators
  • Sime Darby Berhad
  • SoEnergy International
  • Sun for Rent
  • United Rentals, Inc.

Methodology

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Table Information