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Global Power Rental Systems Market By Application (Continuous Power, Peak Shaving and Standby Power), By End User (Government & Utilities, Construction, Event Management, Oil & Gas, Industrial and Others), By Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5214407
  • Report
  • November 2020
  • Region: Global
  • 185 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
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FEATURED COMPANIES

  • Aggreko PLC
  • AI Faris Group
  • Ashtead Group PLC
  • Atlas Copco AB
  • Caterpillar, Inc.
  • Cummins, Inc.
  • MORE
The Global Power Rental Systems Market size is expected to reach $32 billion by 2026, rising at a market growth of 8.9% CAGR during the forecast period. Power rental systems are back-up systems that are facilitated to several industries in the course of power suspension in order to keep operations running. Power rental systems are mostly used as a substitute power provider during low power supply. In addition to it, these rental systems also provide peak shaving that allows industries to distribute the electrical load equally during peak and non-peak hours. These systems are mainly used in incipient countries because power consumption is more due to the rising population and the growing adoption of smart grid systems.

The growing demand for power-based systems in both commercial and industrial applications is a prime factor that is likely to drive the growth of the market across the world in the coming years. In addition to it, increasing awareness of restricted power consumption all through non-peak and peak hours is another factor anticipated to support the growth of the market. Furthermore, increasing demand for a temporary supply of power source especially at the time of festivals, fairs, and other events is likely to drive the market growth in the near future. Moreover, growing focus towards declining peak power consumption to decrease electricity cost is the major factor that is anticipated to support the growth of the market.

Moreover, these systems also act as a stand-in power supply in periods of unplanned power losses. Enticements and schemes by the authorities of government, such as feed-in-tariff, in the regions like the Asia Pacific, and North America are likely to boost the demand for DEG systems. Schemes announced by the government are aiming to validate the setting up of such rental systems in the commercial, industrial, and residential applications. These power rental systems can also function off-grid as well as on-grid contingent on their locations and also the applications. Numerous benefits of circulated energy generation compared to conventional sources of power generation are likely to boost the market.

The economy of the world has been hit hard by the outbreak of the novel coronavirus. The virus was first acknowledged in China in December 2019 and ever since it has become a health threat for the world. As per the World Health Organization (WHO), the COVID-19 has affected 140 countries and has also begun lockdowns in a few countries this has resulted in limiting industrial growth. Though, the constant demand for new projects in order to answer the crisis such as the healthcare sector will certainly have an impact on the market outlook.

Based on Application, the market is segmented into Continuous Power, Peak Shaving and Standby Power. Based on End User, the market is segmented into Government & Utilities, Construction, Event Management, Oil & Gas, Industrial and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The major strategies followed by the market participants are Acquisitions and Partnerships. Based on the Analysis presented in the Cardinal matrix; Atlas Copco AB, Cummins, Inc., and Caterpillar, Inc. are the forerunners in the Power Rental Systems Market. Companies such as Aggreko PLC, Kohler Co., and United Rentals, Inc., Herc Holdings, Inc., and Ashtead Group PLC are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Caterpillar, Inc., Atlas Copco AB, Hertz Global Holdings, Inc., Ashtead Group PLC, Cummins, Inc., United Rentals, Inc., Herc Holdings, Inc. (Herc Rentals, Inc.), Aggreko PLC, AI Faris Group and Kohler Co.

Strategies deployed in Power Rental Systems Market

Partnerships, Collaborations, and Agreements:

May-2020: Caterpillar's ERS (Energy Rental Solutions) collaborated with Texada Software, a wholly-owned subsidiary of Noble Iron Inc. Under this collaboration, Caterpillar selected Texada Software as its equipment rental software provider. ERS Cat deployed Texada’s SRM (Systematic Rental Management), FleetLogic mobile field service and logistics application, and GateWay e-commerce suite in all of its locations.

Dec-2019: Kohler Co. got distribution rights in New York City, Long Island, New Jersey, and Metro Philadelphia to Kinsley Power Systems. The distributorship has serviced and rented power systems in this area for years and now immediately began selling Kohler products. The company has been providing Kohler sales, service, and rentals in New England and upstate New York.

Jun-2019: Aggreko signed a cooperation agreement with Wartsila, a company that manufactures and services power sources and other equipment. The agreement was focused on launching a completely new concept for the power market built around the Wartsila Modular Block solution. This is a prefabricated, modular, and expandable enclosure that features medium-speed Wartsila 32 and 34 family engines that can run on a variety of fuels.

Jun-2019: Cummins Arabia Collaborated with Speedy International. Following the collaboration, the companies announced the development of two C440D5 units enclosed in a customized soundproof and weatherproof container, bespoke power generation solution.

Acquisition and Mergers:

Jul-2018: United Rentals, Inc. acquired BakerCorp International, a company that provides tanks, pumps, trench shoring, and filtration systems. The acquisition augmented United Rentals' bundled solutions for fluid storage, transfer, and treatment. It also expanded the strategic account base and grabbing the opportunity to increase revenue and enhance customer service by cross-selling to its broader customer base.

Jun-2018: Aggreko acquired Generator Hire Service (“GHS”), an Australian Rental company. The acquisition expanded Aggreko's businesses in Local markets. The companies combined their operations in Australia. Following this combination, the companies have been providing niche distribution offerings.

Feb-2018: Aggreko took over A Contact Electric Rentals, LP, a provider of specialized medium and high voltage electrical distribution and transformer rental equipment. The acquisition enabled Aggreko to be on the top position in specialty power solution providers.

Product Launches and Product Expansions:

May-2020: Caterpillar introduced the Cat GC diesel generator sets, a new line of standby power solutions. These solutions are configured with an optimized mix of common features that provide excellent customer value by delivering performance with a minimal footprint. The line includes eight new models with standby power ratings from 250 kW to 600 kW, and is designed to Caterpillar’s high standards for reliability and productivity, with best-in-class support from the Cat dealer network.

Apr-2020: Kohler Co. launched the KD Series 4500kVA diesel-powered generator sets to cater to the market response and increasing demand for power in mission-critical applications.

Jul-2019: Caterpillar released the XQP1100, a 50/60 Hz switchable rental generator set under Cat Rental power. The generator was aimed to fulfill the needs of the modern rental market, such as switchable configurations. The product offers class-leading Brake Specific Fuel Consumption (BSFC) for reduced environmental impact.

Scope of the Study

Market Segmentation:

By Application
  • Continuous Power
  • Peak Shaving
  • Standby Power
By End User
  • Government & Utilities
  • Construction
  • Event Management
  • Oil & Gas
  • Industrial
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Caterpillar, Inc.
  • Atlas Copco AB
  • Hertz Global Holdings, Inc.
  • Ashtead Group PLC
  • Cummins, Inc.
  • United Rentals, Inc.
  • Herc Holdings, Inc. (Herc Rentals, Inc.)
  • Aggreko PLC
  • AI Faris Group
  • Kohler Co.
Unique Offerings from the Publisher
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aggreko PLC
  • AI Faris Group
  • Ashtead Group PLC
  • Atlas Copco AB
  • Caterpillar, Inc.
  • Cummins, Inc.
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Power Rental Systems Market, by Application
1.4.2 Global Power Rental Systems Market, by End User
1.4.3 Global Power Rental Systems Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan - 2020, May) Leading Players

Chapter 4. Global Power Rental Systems Market by Application
4.1 Global Continuous Power - Power Rental Systems Market by Region
4.2 Global Peak Shaving Power Rental Systems Market by Region
4.3 Global Standby Power - Power Rental Systems Market by Region

Chapter 5. Global Power Rental Systems Market by End Use
5.1 Global Government & Utilities Power Rental Systems Market by Region
5.2 Global Construction Power Rental Systems Market by Region
5.3 Global Event Management Power Rental Systems Market by Region
5.4 Global Oil & Gas Power Rental Systems Market by Region
5.5 Global Industrial Power Rental Systems Market by Region
5.6 Global Others Power Rental Systems Market by Region

Chapter 6. Global Power Rental Systems Market by Region
6.1 North America Power Rental Systems Market
6.1.1 North America Power Rental Systems Market by Application
6.1.1.1 North America Continuous Power - Power Rental Systems Market by Country
6.1.1.2 North America Peak Shaving Power Rental Systems Market by Country
6.1.1.3 North America Standby Power - Power Rental Systems Market by Country
6.1.2 North America Power Rental Systems Market by End Use
6.1.2.1 North America Government & Utilities Power Rental Systems Market by Country
6.1.2.2 North America Construction Power Rental Systems Market by Country
6.1.2.3 North America Event Management Power Rental Systems Market by Country
6.1.2.4 North America Oil & Gas Power Rental Systems Market by Country
6.1.2.5 North America Industrial Power Rental Systems Market by Country
6.1.2.6 North America Others Power Rental Systems Market by Country
6.1.3 North America Power Rental Systems Market by Country
6.1.3.1 US Power Rental Systems Market
6.1.3.1.1 US Power Rental Systems Market by Application
6.1.3.1.2 US Power Rental Systems Market by End Use
6.1.3.2 Canada Power Rental Systems Market
6.1.3.2.1 Canada Power Rental Systems Market by Application
6.1.3.2.2 Canada Power Rental Systems Market by End Use
6.1.3.3 Mexico Power Rental Systems Market
6.1.3.3.1 Mexico Power Rental Systems Market by Application
6.1.3.3.2 Mexico Power Rental Systems Market by End Use
6.1.3.4 Rest of North America Power Rental Systems Market
6.1.3.4.1 Rest of North America Power Rental Systems Market by Application
6.1.3.4.2 Rest of North America Power Rental Systems Market by End Use
6.2 Europe Power Rental Systems Market
6.2.1 Europe Power Rental Systems Market by Application
6.2.1.1 Europe Continuous Power - Power Rental Systems Market by Country
6.2.1.2 Europe Peak Shaving Power Rental Systems Market by Country
6.2.1.3 Europe Standby Power - Power Rental Systems Market by Country
6.2.2 Europe Power Rental Systems Market by End Use
6.2.2.1 Europe Government & Utilities Power Rental Systems Market by Country
6.2.2.2 Europe Construction Power Rental Systems Market by Country
6.2.2.3 Europe Event Management Power Rental Systems Market by Country
6.2.2.4 Europe Oil & Gas Power Rental Systems Market by Country
6.2.2.5 Europe Industrial Power Rental Systems Market by Country
6.2.2.6 Europe Others Power Rental Systems Market by Country
6.2.3 Europe Power Rental Systems Market by Country
6.2.3.1 Germany Power Rental Systems Market
6.2.3.1.1 Germany Power Rental Systems Market by Application
6.2.3.1.2 Germany Power Rental Systems Market by End Use
6.2.3.2 UK Power Rental Systems Market
6.2.3.2.1 UK Power Rental Systems Market by Application
6.2.3.2.2 UK Power Rental Systems Market by End Use
6.2.3.3 France Power Rental Systems Market
6.2.3.3.1 France Power Rental Systems Market by Application
6.2.3.3.2 France Power Rental Systems Market by End Use
6.2.3.4 Russia Power Rental Systems Market
6.2.3.4.1 Russia Power Rental Systems Market by Application
6.2.3.4.2 Russia Power Rental Systems Market by End Use
6.2.3.5 Spain Power Rental Systems Market
6.2.3.5.1 Spain Power Rental Systems Market by Application
6.2.3.5.2 Spain Power Rental Systems Market by End Use
6.2.3.6 Italy Power Rental Systems Market
6.2.3.6.1 Italy Power Rental Systems Market by Application
6.2.3.6.2 Italy Power Rental Systems Market by End Use
6.2.3.7 Rest of Europe Power Rental Systems Market
6.2.3.7.1 Rest of Europe Power Rental Systems Market by Application
6.2.3.7.2 Rest of Europe Power Rental Systems Market by End Use
6.3 Asia Pacific Power Rental Systems Market
6.3.1 Asia Pacific Power Rental Systems Market by Application
6.3.1.1 Asia Pacific Continuous Power - Power Rental Systems Market by Country
6.3.1.2 Asia Pacific Peak Shaving Power Rental Systems Market by Country
6.3.1.3 Asia Pacific Standby Power - Power Rental Systems Market by Country
6.3.2 Asia Pacific Power Rental Systems Market by End Use
6.3.2.1 Asia Pacific Government & Utilities Power Rental Systems Market by Country
6.3.2.2 Asia Pacific Construction Power Rental Systems Market by Country
6.3.2.3 Asia Pacific Event Management Power Rental Systems Market by Country
6.3.2.4 Asia Pacific Oil & Gas Power Rental Systems Market by Country
6.3.2.5 Asia Pacific Industrial Power Rental Systems Market by Country
6.3.2.6 Asia Pacific Others Power Rental Systems Market by Country
6.3.3 Asia Pacific Power Rental Systems Market by Country
6.3.3.1 China Power Rental Systems Market
6.3.3.1.1 China Power Rental Systems Market by Application
6.3.3.1.2 China Power Rental Systems Market by End Use
6.3.3.2 Japan Power Rental Systems Market
6.3.3.2.1 Japan Power Rental Systems Market by Application
6.3.3.2.2 Japan Power Rental Systems Market by End Use
6.3.3.3 India Power Rental Systems Market
6.3.3.3.1 India Power Rental Systems Market by Application
6.3.3.3.2 India Power Rental Systems Market by End Use
6.3.3.4 South Korea Power Rental Systems Market
6.3.3.4.1 South Korea Power Rental Systems Market by Application
6.3.3.4.2 South Korea Power Rental Systems Market by End Use
6.3.3.5 Singapore Power Rental Systems Market
6.3.3.5.1 Singapore Power Rental Systems Market by Application
6.3.3.5.2 Singapore Power Rental Systems Market by End Use
6.3.3.6 Malaysia Power Rental Systems Market
6.3.3.6.1 Malaysia Power Rental Systems Market by Application
6.3.3.6.2 Malaysia Power Rental Systems Market by End Use
6.3.3.7 Rest of Asia Pacific Power Rental Systems Market
6.3.3.7.1 Rest of Asia Pacific Power Rental Systems Market by Application
6.3.3.7.2 Rest of Asia Pacific Power Rental Systems Market by End Use
6.4 LAMEA Power Rental Systems Market
6.4.1 LAMEA Power Rental Systems Market by Application
6.4.1.1 LAMEA Continuous Power - Power Rental Systems Market by Country
6.4.1.2 LAMEA Peak Shaving Power Rental Systems Market by Country
6.4.1.3 LAMEA Standby Power - Power Rental Systems Market by Country
6.4.2 LAMEA Power Rental Systems Market by End Use
6.4.2.1 LAMEA Government & Utilities Power Rental Systems Market by Country
6.4.2.2 LAMEA Construction Power Rental Systems Market by Country
6.4.2.3 LAMEA Event Management Power Rental Systems Market by Country
6.4.2.4 LAMEA Oil & Gas Power Rental Systems Market by Country
6.4.2.5 LAMEA Industrial Power Rental Systems Market by Country
6.4.2.6 LAMEA Others Power Rental Systems Market by Country
6.4.3 LAMEA Power Rental Systems Market by Country
6.4.3.1 Brazil Power Rental Systems Market
6.4.3.1.1 Brazil Power Rental Systems Market by Application
6.4.3.1.2 Brazil Power Rental Systems Market by End Use
6.4.3.2 Argentina Power Rental Systems Market
6.4.3.2.1 Argentina Power Rental Systems Market by Application
6.4.3.2.2 Argentina Power Rental Systems Market by End Use
6.4.3.3 UAE Power Rental Systems Market
6.4.3.3.1 UAE Power Rental Systems Market by Application
6.4.3.3.2 UAE Power Rental Systems Market by End Use
6.4.3.4 Saudi Arabia Power Rental Systems Market
6.4.3.4.1 Saudi Arabia Power Rental Systems Market by Application
6.4.3.4.2 Saudi Arabia Power Rental Systems Market by End Use
6.4.3.5 South Africa Power Rental Systems Market
6.4.3.5.1 South Africa Power Rental Systems Market by Application
6.4.3.5.2 South Africa Power Rental Systems Market by End Use
6.4.3.6 Nigeria Power Rental Systems Market
6.4.3.6.1 Nigeria Power Rental Systems Market by Application
6.4.3.6.2 Nigeria Power Rental Systems Market by End Use
6.4.3.7 Rest of LAMEA Power Rental Systems Market
6.4.3.7.1 Rest of LAMEA Power Rental Systems Market by Application
6.4.3.7.2 Rest of LAMEA Power Rental Systems Market by End Use

Chapter 7. Company Profiles
7.1 Caterpillar, Inc.
7.1.1 Company Overview
7.1.1 Financial Analysis
7.1.2 Segmental and Regional Analysis
7.1.3 Research & Development Expense
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Product Launches and Product Expansions:
7.2 Atlas Copco AB
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Geographical Expansions:
7.3 Hertz Global Holdings, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 Ashtead Group PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.5 Cummins, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 United Rentals, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Acquisition and Mergers:
7.7 Herc Holdings, Inc. (Herc Rentals, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Partnerships, Collaborations, and Agreements:
7.7.4.2 Geographical Expansions:
7.8 Aggreko PLC
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.4.2 Acquisition and Mergers:
7.8.4.3 Product Launches and Product Expansions:
7.9 Al Faris Group
7.9.1 Company Overview
7.10. Kohler Co.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
7.10.2.2 Product Launches and Product Expansions:
7.10.2.3 Acquisition and Mergers:
Note: Product cover images may vary from those shown
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  • Caterpillar, Inc.
  • Atlas Copco AB
  • Hertz Global Holdings, Inc.
  • Ashtead Group PLC
  • Cummins, Inc.
  • United Rentals, Inc.
  • Herc Holdings, Inc. (Herc Rentals, Inc.)
  • Aggreko PLC
  • AI Faris Group
  • Kohler Co.
Note: Product cover images may vary from those shown
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