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Europe Power Rental Market

Europe Power Rental Market Size, Share, Growth, Forecast: By Fuel Type: Diesel, Gas; By Rating: Up to 50 kW, 51–500 kW, Above 500 kW; By Application: Peak Shaving, Standby Power, Base Load/Continuous Power; By End Use: Utilities, Oil and Gas, Construction, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Europe Power Rental Market Outlook

The Europe power rental market is expected to attain USD 5.58 billion by 2032, rising from an estimated USD 3.99 billion in 2023 at a CAGR of 3.8% over the forecast period of 2024-2032.

 

Key Takeaways

  • The industrial production in Europe rose by 8% in 2021 compared to 2020. This upward trend has persisted with a subsequent 5% increase in 2022 compared to 2021.
  • The occurrence of frequent natural disasters and the prevalence of extreme climate conditions is leading to power outages.
  • The European construction sector contributes around 9% of the EU GDP.

 

The demand for power rental services in Europe is driven by the need for temporary power sources during large commercial and infrastructural construction. Generators are a reliable source of power for several sectors, including oil and gas and mineral mining to run heavy equipment for drilling and digging. Rental power services are also demanded during outdoor events or as a backup power supply during long-term power outages. Another key reason for hiring rental power services is the difficulty in transporting heavy generators from the office to different project sites. As a result, companies often opt for rental units closer to their worksite.

 

The Europe power rental market is driven by various factors, such as the demand for continuous power during outages, rising construction projects, and the demand for power rentals based on clean energy sources.

 

Some of the key trends are the cost-effectiveness of renting a generator, governmental focus on clean power sources, and frequent power supply cuts in the region. These factors are collectively influencing the Europe power rental market growth.

 

Europe Power Rental Market

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Key Trends and Developments

Rising demand for cost-effective power and frequent power outages in Europe are creating several opportunities in the market.

 

Date Company Details
Oct 2023 Atlas Copco The Atlas Copco Group acquired ACJ, s.r.o., a compressor distributor located in Samorin.
Jul 2023 Loxam Group Hune Rental S.L.U. (LoxamHune), a wholly-owned subsidiary of the Loxam Group (Loxam), acquired Talleres Arteixo S.L.U. (Arteixo Maquinaria), solidifying its position in the Spanish equipment rental market.
Mar 2023 Loxam Group Loxam acquired JIAB HYRCENTER through its subsidiary Ramirent AB reinforcing its footprint in northern Sweden. and solidified its status as Sweden's largest machine rental company.
Nov 2022 Atlas Copco Atlas Copco acquired Precision Pneumatics Ltd and Wearside Pneumatics Ltd, two privately owned compressed air distribution and service firms in the UK.

 

 

Trends Impact
Demand for clean power sources Power rental companies are focusing on new forms of power, such as green power produced from solar energy or hydrogenated vegetable oil, owing to their better adherence to environmental regulations.
Cost-effectiveness of power rentals Companies in downstream markets, such as construction, manufacturing, and mining, with temporary power requirements, consider investing in a rented generator more feasible than purchasing a new one.
Frequent power supply cuts in Europe The occurrence of frequent natural disasters and the prevalence of extreme climate conditions have been creating difficulties in electricity supply and consumption across Europe. This aids the demand for power rentals to ensure continuous power supply, propelling the Europe power rental market growth.

 

Figure: Advantages of Rental Power Generators over Permanent Generators

Europe Power Rental Market

 

Europe Power Rental Market Trends

The government’s rising focus on environmental well-being aids the demand for eco-friendly generators. For instance, natural gas generators burn approximately 85% cleaner than diesel-based generators. Further, consumers are adopting renewable energy-based power generators, as they are cleaner and more cost-effective options. The recurring blackouts across Europe, due to an ageing power network and changing climatic conditions are increasing the installation of emergency backup systems.

 

Market Segmentation

Europe Power Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Fuel Type Diesel, Gas, Alternative Fuels
Rating Up to 50 kW, 51–500 kW, Above 501 kW
Application Peak Shaving, Standby Power, Base Load/Continuous Power
End Use Utilities, Oil and Gas, Construction, Mining, Manufacturing, Shipping, Data Centres, Events, Others
Country United Kingdom, Germany, Italy, France, Others

 

The diesel segment is expected to hold a significant Europe power rental market share due to the rising use of diesel generators in powering heavy machinery in the mining sector

According to the Europe power rental market analysis, diesel-based generator sets are utilised across various sectors. They offer a continuous power supply, whether it's for managing peak demand, serving as backup during emergencies, or meeting the energy requirements of industrial, commercial, and residential settings. Diesel’s low volatility rate makes it a safe option in mining fields. Diesel generators play a vital role in providing power supply in remote locations. In mining, over 70% of power for heavy machinery is through diesel generators.

 

Europe Power Rental Market

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Residential standby generator installers favour natural gas, eliminating the burden of refuelling, as it's seamlessly delivered through utility lines when required. Gas generators offer advantages over other fuel-operated generators such as fuel storage duration, cost-effective usage, ease of use, and sustainability.

 

Key power rental companies like United Rentals, Boels, and Speedy have added solar-powered or hybrid generators to their product portfolio. Compared to traditional generators that are loud, create exhaust and require to be refuelled, solar generators are quiet, and clean and can operate independently without on-site supervision.

 

51-500 kW generators are key equipment in Europe power rental market having extended power demands

Larger industries and offices require generators exceeding 100 kW due to their substantial power demands, capable of extended operation on a full tank. Further, generators for oil and gas operations typically have power ratings ranging from 501 to 2500 kW, ensuring they can provide prime-rated or continuous operating power as needed.

 

Generators with lower power ratings are employed mostly in the residential and among SMEs with lower power requirements. Homes and small offices can operate on 1 kW to 10 kW generators. A 5 kW generator can power lights, fans, electric motors, and a refrigerator. Many households opt for reliable 50 kW generators as standby power sources, running on fuels like diesel, natural gas, or propane.

 

Competitive Landscape

The market is highly competitive due to its moderately fragmented structure. It is characterised by numerous global and regional players providing rental services within the region.

 

Company Name Year Founded Headquarters Products/Services
Aggreko Ltd 1962 Scotland, United Kingdom Mobile modular power, energy and temperature control services.
Caterpillar Inc. 1925 Texas, United States Power generation rentals include diesel and natural gas units. Manufacture of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
Atlas Copco AB 1873 Stockholm, Sweden Rental gensets, diesel generators, modular power stations, energy storage modules, transformers, etc.
Boels Topholding B.V. 1977 Limburg, The Netherlands Rental solutions such as power generators, fuel tanks, Earthmoving equipment, Railways equipment, etc.

 

Other key players in the Europe power rental market include Zwart Techniek B.V. and LOXAM Group, among others.

 

Europe Power Rental Market

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Europe Power Rental Market Analysis by Region

The United Kingdom holds a significant position in the Europe power rental market due to a growing construction sector

In 2023, the United Kingdom construction market was valued at approximately USD 386 billion, employing nearly 2.8 million individuals. According to the Europe power rental market analysis, the most robust sector within the construction market is infrastructure. The government has pledged USD 127.4 billion for economic infrastructure support from 2022 to 2025, with roughly half of the infrastructure investment coming from public funds.

 

In the German market, players such as MITTES Engineering GmbH, Krauter, and The Power Company offer a diverse range of power rental products. These products are deployed by various end-use sectors, such as mining, residential sector, and utilities, aiding the Europe power rental market development.

 

France witnessed an increase in non-residential construction activity by 6.6% at constant prices in 2022. The country observed 468 thousand permits for residential construction in 2021. The country hosts various international events, such as fashion shows, conferences, and cultural festivals, which require temporary power solutions. Some of the key players in France for power rental and temporary power solutions include Atlas Copco, Delta Service Location, Atawa, and Gearbooker, amongst others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Fuel Type
  • Rating
  • Application
  • End Use
  • Region
Breakup by Fuel Type
  • Diesel
  • Gas
  • Alternative Fuels
Breakup by Rating
  • Up to 50 kW
  • 51–500 kW
  • Above 501 kW
Breakup by Application
  • Peak Shaving
  • Standby Power
  • Base Load/Continuous Power   
Breakup by End Use
  • Utilities 
  • Oil and Gas
  • Construction   
  • Mining
  • Manufacturing   
  • Shipping   
  • Data Centres
  • Events
  • Others
Breakup by Region
  • United Kingdom
  • Germany
  • Italy
  • France
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aggreko Ltd.
  • Caterpillar Inc.
  • Atlas Copco AB
  • Boels Topholding B.V.
  • Zwart Techniek B.V.
  • LOXAM Group
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

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Europe Power Rental Market Report Snapshots

Europe Power Rental Market Size

Europe Power Rental Market Trends

Europe Power Rental Market Regional Analysis

Europe Power Rental Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Europe
7    Opportunities and Challenges in the Market
8    Europe Power Rental Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Power Rental Historical Market (2018-2023) 
    8.3    Europe Power Rental Market Forecast (2024-2032)
    8.4    Europe Power Rental Market Market by Fuel Type
        8.4.1    Diesel
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Gas
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Alternative Fuels
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Europe Power Rental Market by Rating 
        8.5.1    Up to 50 kW
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    51–500 kW
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Above 501 kW
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Europe Power Rental Market by Application
        8.6.1    Peak Shaving 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Standby Power
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Base Load/Continuous Power   
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Europe Power Rental Market by End Use
        8.7.1    Utilities 
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Oil and Gas   
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Construction   
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Mining   
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Manufacturing   
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Shipping   
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Data Centres   
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    Events
            8.7.8.1    Historical Trend (2018-2023)
            8.7.8.2    Forecast Trend (2024-2032)
        8.7.9    Others
    8.8    Europe Power Rental Market by Country
        8.8.1    United Kingdom
        8.8.2    Germany
        8.8.3    Italy
        8.8.4    France
        8.8.5    Others
9    Regional Analysis
    9.1    United Kingdom
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Germany
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Italy
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    France
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Aggreko Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Caterpillar Inc. 
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Atlas Copco AB
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Boels Topholding B.V.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Zwart Techniek B.V.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    LOXAM Group
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
13    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Europe Power Rental Market: Key Industry Highlights, 2018 and 2032
2.    Europe Power Rental Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
3.    Europe Power Rental Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
4.    Europe Power Rental Historical Market: Breakup by Rating (USD Million), 2018-2023
5.    Europe Power Rental Market Forecast: Breakup by Rating (USD Million), 2024-2032
6.    Europe Power Rental Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Europe Power Rental Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Europe Power Rental Historical Market: Breakup by End Use (USD Million), 2018-2023
9.    Europe Power Rental Market Forecast: Breakup by End Use (USD Million), 2024-2032
10.    Europe Power Rental Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Power Rental Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Power Rental Market Structure

Key Questions Answered in the Report

The power rental market in Europe reached a value of USD 3.99 billion in 2023.

The market is projected to grow at a CAGR of nearly 3.8% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 5.58 billion by 2032.

Power rental refers to the renting of generators. These generators may operate on diesel or natural gas.

Power rental companies take charge of the maintenance and repair of generators throughout the rental period. As a result, consumers do not have any maintenance hassles and experience a low risk of downtime.

The major drivers of the market include the expanding infrastructural sector, frequent power cuts, and the cost-effectiveness of power rentals.

Key trends aiding the market expansion include the development of power rentals that work on clean energy sources, rising mining operations, the need for temporary power in construction projects and an ageing power generation infrastructure leading to frequent power supply cuts.

The major rating segments in the market are up to 50 kW, 51–500 kW, and above 500 kW.

The significant application segments of the product are peak shaving, standby power, and base load/continuous power, among others.

The major countries for power rental in Europe include the United Kingdom, France, Germany, and Italy, among others.

The leading players in the market are Aggreko Ltd., Caterpillar Inc., Atlas Copco AB, Boels Topholding B.V., Zwart Techniek B.V., and LOXAM Group, among others.

Analyst Review

The Europe power rental market attained a value of USD 3.99 billion in 2023, driven by the easy availability of fuel. Aided by the development of the IT and healthcare sectors, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.8%. The industry is projected to reach USD 5.58 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on fuel types, the Europe market for power rental can be segmented into diesel, gas and alternative fuels. By rating, the industry can be divided into 50 kW, 51–500 kW, and above 500 kW. On the basis of application, the industry can be divided into peak shaving, standby power, and base load/continuous power. By end use, the industry is divided into utilities, oil and gas, construction, mining, manufacturing, shipping, data centres, and events, among others. The major regional markets for power rental are the United Kingdom, Germany, Italy, and France, among others. The key players in the above industry include Aggreko Ltd., Caterpillar Inc., Atlas Copco AB, Boels Topholding B.V., Zwart Techniek B.V. and, LOXAM Group, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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