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Global Power Rental Market: By Fuel Type: Diesel, Natural Gas, Others; By Equipment Type: Generator, Transformer, Others; By Power Rating; By Application; By End Use Industry; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Power Rental Market Outlook

The global power rental market size reached a value of about USD 15 billion in 2019. The market is further expected to increase at a CAGR of 8.5% between 2020 and 2025 to reach a value of approximately USD 25 billion by 2025. 

North America is the leading region for the power rental market. The increasing popularity of the hybrid rental power generator is one of the key reasons for the fast growth of the power rental market in the region.

Based on fuel type, diesel is the dominating type of fuel in the industry, whereas 501 – 2,500 kW is the leading segment of power ratings. The application sector is being led by base load/continuous power. The end-use sector is dominated by the utilities industry.

 

Properties and Applications

Power rental is a service field, which operates around the provision of temporary power equipment for commercial buildings, major infrastructure projects, heavy industrial construction projects, or mining activity. This technology can be used at different stages, from building and site development to pre-commissioning activities. Such service companies provide various safety tools that can perform efficient and reliable fuel control procedures. Many of the power rental solutions comprise of welding machines, wires, diesel generators, mobile lighting towers, and distribution panels. Compared to the generators purchased, the rental systems offer low installation costs, minimal maintenance, versatility in the required power level, and are easily available on short notice.

Based on equipment type, the power rental market can be divided into:

  • Generator
  • Transformer
  • Load Bank
  • Others

The fuel type in the power rental market can be segmented into the following:

  • Diesel
  • Natural Gas
  • Others

On the basis of power rating, the industry can be categorised into:

  • Up to 50 kW
  • 51 –500 kW
  • 501 –2,500 kW
  • Above 2,500 kW
  • Others

The major application sectors in the industry can be divided into:

  • Peak Shaving
  • Standby Power
  • Base Load/Continuous Power

It leading end-use industries are:

  • Utilities
  • Oil and Gas
  • Events
  • Construction
  • Mining
  • Data Centres
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The increased demand for uninterrupted electricity supply, together with rapid industrialisation throughout the globe, are important factors boosting the power rental market growth. The rising cases of inadequate electricity supply generated by small-scale power grids and insufficient access to the main transmission network have fuelled the demand for rental generators across the utility and manufacturing sectors. In addition, there is an increasing market for flexible rental equipment, which can solve the problems associated with voltage sags and swells and power outages. The increasing awareness of the advantages of outsourcing equipment also has a positive effect on the industry. Power rental systems allow consumers to access equipment in a cost-effective manner, in accordance with their needs. In addition, the introduction of favourable policies to extend the metro and airport networks, together with the building of hotels and shopping malls, is further increasing the power rental market in both developed and developing countries. Other trends, including the introduction of natural gas-based generators and the growing use of renewables as an alternative source of energy to minimize carbon emissions, are expected to further drive the demand.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global power rental market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Aggreko plc
  • Caterpillar Inc.
  • Atlas Copco
  • Cummins Inc.
  • United Rentals, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Power Rental Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Power Rental Historical Market (2015-2019) 
    8.3    Global Power Rental Market Forecast (2020-2025)
    8.4    Global Power Rental Market by Fuel Type
        8.4.1    Diesel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)    
        8.4.2    Natural Gas
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Others
    8.5    Global Power Rental Market by Equipment Type
        8.5.1    Generator
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Transformer
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Load Bank
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Others
    8.6    Global Power Rental Market by Power Rating
        8.6.1    Up to 50 kW
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    51-500 kW 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    501-2500 kW
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Above 2500 kW
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Others
    8.7    Global Power Rental Market by Application
        8.7.1    Peak Shaving
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Standby Power
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
                8.7.3    Base Load/Continuous Power
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2015-2019)
            8.7.3.3    Forecast Trend (2020-2025)
    8.8    Global Power Rental Market by End Use Industry
        8.8.1    Utilities
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2015-2019)
            8.8.1.3    Forecast Trend (2020-2025)
        8.8.2    Oil & Gas
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2015-2019)
            8.8.2.3    Forecast Trend (2020-2025)
        8.8.3    Events
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2015-2019)
            8.8.3.3    Forecast Trend (2020-2025)
        8.8.4    Construction
        8.8.4.1    Market Share
        8.8.4.2    Historical Trend (2015-2019)
        8.8.4.3    Forecast Trend (2020-2025)
        8.8.5    Mining
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2015-2019)
            8.8.5.3    Forecast Trend (2020-2025)
        8.8.6    Data Centres 
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2015-2019)
            8.8.6.3    Forecast Trend (2020-2025)
        8.8.7    Others
    8.9    Global Power Rental Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
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    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Aggreko plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Financial Summary
            12.2.1.5    Certifications
        12.2.2    Caterpillar Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Financial Summary
            12.2.2.5    Certifications
        12.2.3    Atlas Copco
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Financial Summary
            12.2.3.5    Certifications
        12.2.4    Cummins Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Financial Summary
            12.2.4.5    Certifications
        12.2.5    United Rentals, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Financial Summary
            12.2.5.5    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Power Rental Market: Key Industry Highlights, 2015 and 2025
2.    Global Power Rental Historical Market: Breakup by Fuel Type (USD Billion), 2015-2019
3.    Global Power Rental Market Forecast: Breakup by Fuel Type (USD Billion), 2020-2025
4.    Global Power Rental Historical Market: Breakup by Equipment Type (USD Billion), 2015-2019
5.    Global Power Rental Market Forecast: Breakup by Equipment Type (USD Billion), 2020-2025
6.    Global Power Rental Historical Market: Breakup by Power Rating (USD Billion), 2015-2019
7.    Global Power Rental Market Forecast: Breakup by Power Rating (USD Billion), 2020-2025
8.    Global Power Rental Historical Market: Breakup by Application (USD Billion), 2015-2019
9.    Global Power Rental Market Forecast: Breakup by Application (USD Billion), 2020-2025
10.    Global Power Rental Historical Market: Breakup by End Use Industry (USD Billion), 2015-2019
11.    Global Power Rental Market Forecast: Breakup by End Use Industry (USD Billion), 2020-2025
12.    Global Power Rental Historical Market: Breakup by Region (USD Billion), 2015-2019
13.    Global Power Rental Market Forecast: Breakup by Region (USD Billion), 2020-2025
14.    North America Power Rental Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    North America Power Rental Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Europe Power Rental Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Europe Power Rental Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Asia Pacific Power Rental Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Asia Pacific Power Rental Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Latin America Power Rental Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Latin America Power Rental Market Forecast: Breakup by Country (USD Billion), 2020-2025
22.    Middle East and Africa Power Rental Historical Market: Breakup by Country (USD Billion), 2015-2019
23.    Middle East and Africa Power Rental Market Forecast: Breakup by Country (USD Billion), 2020-2025
24.    Global Power Rental Market Structure

Key Questions Answered in the Report

In 2019, the global power rental market attained a value of almost USD 15 billion.

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 8.5%.

By 2025, the market is estimated to reach a value of about USD 25 billion.

The major drivers of the industry such as rising disposable incomes, growing industrialisation, rising infrastructural growth, growing demand for uninterrupted electricity supply, cos-effectiveness of these solutions, and the rising awareness of the advantages of such solutions are expected to aid the market growth.

The growing shift towards natural gas-based generators and the rising use of renewables in order to counter the rising carbon emissions are the major trends guiding the growth of the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.

The major equipment types in the industry are generator, transformer, and load bank, among others.

Diesel is the leading fuel type in the industry. 

The most significant power rating type in the industry is 501–2,500 kW.

Base load/continuous power accounts for the largest market share among other application segments in the industry.

The utilities sector is the largest end-use sector in the market.

The key players in the industry are Aggreko plc, Caterpillar Inc., Atlas Copco, Cummins Inc., and United Rentals, Inc., among others.

Analyst Review

The global power rental market attained a value of USD 15 billion in 2019 driven by rising industrialisation and growing commercial construction. Aided by the rising demand for uninterrupted power supply, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8.5%. The market is projected to reach USD 25 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on equipment type, the power rental market is segmented into generator, transformer, and load bank, among others. On the basis of fuel type, diesel accounts for the largest share in the market. Up to 50 kW, 51–500 kW, 501 –2,500 kW, and above 2,500 kW, among others, are the major types of power rating in the market, with the 501–2,500 kW segment leading the market. Base load/continuous power is the largest application segment in the market. Based in end-use industries, the industry is divided into utilities, oil and gas, events, construction, mining, and data centres, among others, with the utilities segment accounting for the largest share in the market. The major regional markets for power rental are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Aggreko plc, Caterpillar Inc., Atlas Copco, Cummins Inc., and United Rentals, Inc., among others.

The growing shift towards natural gas-based generators and the rising use of renewables in order to counter the rising carbon emissions are the major trends guiding the growth of the market. 

The major drivers of the industry such as rising disposable incomes, growing industrialisation, rising infrastructural growth, growing demand for uninterrupted power supply, cos-effectiveness of power rental solutions, and the rising awareness of the advantages of such solutions are expected to aid the industry growth. 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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