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Power Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5656407
Description Jump to:
The global power rental market size reached US$ 19.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 28.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.74% during 2023-2028.

Power rental refers to the facility of temporarily renting power plants or generators for supplying energy to industrial units. It delivers functioning power equipment along with various scalable components, which are installed in power stations. It also offers reliability, flexibility, speed and cost-effectiveness to businesses for coping with brief shortages of power. The power rental services are aimed to stabilize utility power grids and provide additional energy to industries and support communities. Owing to this, it finds extensive application across the construction, mining, and oil & gas industries.

Global Power Rental Market Trends:

The rising demand for uninterrupted power supply along with rapid industrialization across the globe are the key factors driving the market growth. The increasing instances of unreliable power supply generated through small-scale power grids and limited access to the main transmission network has catalysed the demand for rental generators across the utility and manufacturing industries. Furthermore, there is a growing requirement for scalable rental equipment that can overcome the problems associated with voltage sags & swells, and power outages. Additionally, rising awareness regarding the benefits of outsourcing power equipment is also impacting the market positively. Power rental systems enables consumers to obtain equipment according to their requirements in a cost-effective manner. Moreover, the implementation of favourable government initiatives to expand metro and airport networks, along with the construction of hotels and shopping malls, are further increasing the demand for power rental across both the developed and emerging nations. Other factors, including the adoption of natural gas-based power generators and the increasing deployment of renewables as an alternative power source to reduce carbon emissions, are projected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global power rental market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment type, fuel type, power rating, application and end use industry.

Breakup by Equipment Type:

  • Generator
  • Transformer
  • Load Bank
  • Others

Breakup by Fuel Type:

  • Diesel
  • Natural Gas
  • Others
Diesel currently is the most popular fuel type across the globe, owing to its higher energy density as compared to natural gas.

Breakup by Power Rating:

  • Up to 50 kW
  • 51 -500 kW
  • 501 -2,500 kW
  • Above 2,500 kW
The 51 -500 kW power rating segment dominates the market.

Breakup by Application:

  • Peak Shaving
  • Standby Power
  • Base Load/Continuous Power
At present, base load/continuous power represents the leading application segment.

Breakup by End Use Industry:

  • Utilities
  • Oil & Gas
  • Events
  • Construction
  • Mining
  • Data Centers
  • Others
The Utilities industry accounts for the majority of the market share.

Regional Insights:

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Italy
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Others
North America exhibits a clear dominance in the market, holding the largest market share.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market, with some of the key players being Aggreko Plc, Caterpillar, Inc., Atlas Copco Group, Cummins, Inc., United Rentals, Inc., HIMOINSA S.L., Horizon Acquisition (Horizon Power Systems), The Hertz Corporation, Generac Power Systems, Wacker Neuson SE, Wärtsilä Oyj Abp, Speedy Hire Plc, Smart Energy Solutions (SES), and SoEnergy International, Inc.

Key Questions Answered in This Report

1. What was the size of the global power rental market in 2022?
2. What is the expected growth rate of the global power rental market during 2023-2028?
3. What has been the impact of COVID-19 on the global power rental market?
4. What are the key factors driving the global power rental market?
5. What is the breakup of the global power rental market based on the equipment type?
6. What is the breakup of the global power rental market based on the fuel type?
7. What is the breakup of the global power rental market based on the power rating?
8. What is the breakup of the global power rental market based on the application?
9. What is the breakup of the global power rental market based on the end use industry?
10. What are the key regions in the global power rental market?
11. Who are the key players/companies in the global power rental market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Power Rental Systems Overview
4.2 Industry Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
5 Global Power Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Fuel Type
5.5 Market Breakup by Equipment Type
5.6 Market Breakup by Power Rating
5.7 Market Breakup by Application
5.8 Market Breakup by End-Use Industry
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Fuel Type
6.1 Diesel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Natural Gas
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Equipment Type
7.1 Generator
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Transformer
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Load Bank
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Power Rating
8.1 Up to 50 kW
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 51 -500 kW
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 501 -2,500 kW
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Above 2,500 kW
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Peak Shaving
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Standby Power
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Base Load/Continuous Power
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End Use Industry
10.1 Utilities
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oil & Gas
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Events
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Construction
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Mining
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Data Centers
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 United States
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.1.3 Canada
11.1.3.1 Market Trends
11.1.3.2 Market Forecast
11.1.4 Market Forecast
11.1.5 Key Manufacturers in North America
11.2 Europe
11.2.1 Market Trends
11.2.2 Germany
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 United Kingdom
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 France
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Russia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Italy
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.2.8 Market Forecast
11.2.9 Key Manufacturers in Europe
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 China
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 Japan
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 South Korea
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 India
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Australia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.3.8 Market Forecast
11.3.9 Key Manufacturers in Asia Pacific
11.4 Latin America
11.4.1 Market Trends
11.4.2 Brazil
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Mexico
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.4.4 Others
11.4.4.1 Market Trends
11.4.4.2 Market Forecast
11.4.5 Market Forecast
11.4.6 Key Manufacturers in Latin America
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Saudi Arabia
11.5.2.1 Market Trends
11.5.2.2 Market Forecast
11.5.3 United Arab Emirates
11.5.3.1 Market Trends
11.5.3.2 Market Forecast
11.5.4 South Africa
11.5.4.1 Market Trends
11.5.4.2 Market Forecast
11.5.5 Others
11.5.5.1 Market Trends
11.5.5.2 Market Forecast
11.5.6 Market Forecast
11.5.7 Key Manufacturers in Middle East & Africa
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 PESTEL Analysis
15.1 Political
15.2 Economic
15.3 Social
15.4 Technological
15.5 Environmental
15.6 Legal
16 Competitive Landscape
16.1 Market Structure
16.2 Product Benchmarking
16.3 Key Players
16.4 Merger & Acquisitions
16.5 Profiles of Key Players
16.5.1 Aggreko Plc
16.5.2 Caterpillar, Inc.
16.5.3 Atlas Copco Group
16.5.4 Cummins, Inc.
16.5.5 United Rentals, Inc.
16.5.6 HIMOINSA S.L.
16.5.7 Horizon Acquisition (Horizon Power Systems)
16.5.8 The Hertz Corporation
16.5.9 Generac Power Systems
16.5.10 Wacker Neuson SE
16.5.11 Wärtsilä Oyj Abp
16.5.12 Speedy Hire Plc
16.5.13 Smart Energy Solutions (SES)
16.5.14 SoEnergy International, Inc.
List of Figures
Figure 1: Global: Power Rental Market: Major Drivers and Challenges
Figure 2: Global: Power Rental Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Power Rental Market: Breakup by Fuel Type (in %), 2022
Figure 4: Global: Power Rental Market: Breakup by Equipment Type (in %), 2022
Figure 5: Global: Power Rental Market: Breakup by Power Rating (in %), 2022
Figure 6: Global: Power Rental Market: Breakup by Application (in %), 2022
Figure 7: Global: Power Rental Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Power Rental Market: Breakup by Region (in %), 2022
Figure 9: Global: Power Rental Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Power Rental (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Power Rental (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Power Rental (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Power Rental (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Power Rental (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Power Rental (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Power Rental (Generator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Power Rental (Generator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Power Rental (Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Power Rental (Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Power Rental (Load Bank) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Power Rental (Load Bank) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Power Rental (Other Equipment Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Power Rental (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Power Rental (Up to 50 kW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Power Rental (Up to 50 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Power Rental (51 -500 kW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Power Rental (51 -500 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Power Rental (501 -2,500 kW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Power Rental (501 -2,500 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Power Rental (Above 2,500 kW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Power Rental (Above 2,500 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Power Rental (Peak Shaving) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Power Rental (Peak Shaving) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Power Rental (Standby Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Power Rental (Standby Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Power Rental (Base Load/Continuous Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Power Rental (Base Load/Continuous Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Power Rental (Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Power Rental (Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Power Rental (Oil & Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Power Rental (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Power Rental (Events) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Power Rental (Events) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Power Rental (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Power Rental (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Power Rental (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Power Rental (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Power Rental (Data Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Power Rental (Data Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Global: Power Rental (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Global: Power Rental (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: North America: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United States: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United States: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Canada: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Canada: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: North America: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Europe: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Asia Pacific: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: China: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: China: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Japan: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Japan: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: South Korea: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: South Korea: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: India: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: India: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Australia: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Australia: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Asia Pacific: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Latin America: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Saudi Arabia: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Saudi Arabia: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: United Arab Emirates: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: United Arab Emirates: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: South Africa: Power Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: South Africa: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Middle East and Africa: Power Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 102: Global: Power Rental Industry: SWOT Analysis
Figure 103: Global: Power Rental Industry: Value Chain Analysis
Figure 104: Global: Power Rental Industry: Porter’s Five Forces Analysis
Figure 105: Global: Power Rental Industry: PESTEL Analysis
List of Tables
Table 1: Global: Power Rental Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Power Rental Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
Table 3: Global: Power Rental Market Forecast: Breakup by Equipment Type (in Million US$), 2023-2028
Table 4: Global: Power Rental Market Forecast: Breakup by Power Rating (in Million US$), 2023-2028
Table 5: Global: Power Rental Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Power Rental Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 7: Global: Power Rental Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: North America: Key Manufacturers
Table 9: Europe: Key Manufacturers
Table 10: Asia Pacific: Key Manufacturers
Table 11: Latin America: Key Manufacturers
Table 12: Middle East and Africa: Key Manufacturers
Table 13: Global: Power Rental Market Structure
Table 14: Global: Power Rental Market: Key Players
Table 15: Global: Power Rental Market: Product Benchmarking
Table 16: Global: Power Rental Market: Merger & Acquisitions

Companies Mentioned

  • Aggreko Plc
  • Caterpillar Inc.
  • Atlas Copco Group
  • Cummins Inc.
  • United Rentals Inc.
  • HIMOINSA S.L.
  • Horizon Acquisition (Horizon Power Systems)
  • The Hertz Corporation
  • Generac Power Systems
  • Wacker Neuson SE
  • Wärtsilä Oyj Abp
  • Speedy Hire Plc
  • Smart Energy Solutions (SES)
  • SoEnergy International Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedJuly 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 19.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 28.7 Billion
Compound Annual Growth Rate6.9%
Regions CoveredGlobal
No. of Companies Mentioned14

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