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United Kingdom Power Rental Market Size, Share, Forecast: By Fuel Type: Diesel, Gas, Alternative Fuel; By Rating: Up to 50 kW, 51 –500 kW, Above 500 kW; By Application: Peak Shaving, Standby Power, Prime/Continuous Power; By End Use: Utilities, Oil and Gas, Events, Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
United Kingdom Power Rental Market Outlook
The United Kingdom power rental market size reached approximately USD 791.0 million in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of around USD 1,090.6 million by 2032.
Key Takeaways
- Sustainable backup power is gaining traction as it helps in reducing carbon emissions and combat climate change.
- The electrification of various end-use sectors in the UK such as manufacturing and construction is increasing the demand for power backups, at a significant rate.
- During October–December 2023, the manufacturing sector of the UK accounted for 9.3% of total UK economic output (Gross Value Added).
The United Kingdom power rental market is being driven by the expanding manufacturing sector. With an annual output of about GBP 183 billion, the UK stands as the ninth-largest manufacturing nation in the world. Manufacturing processes greatly rely on electricity, hence consistent power is key to the facilities. Power generators have gained traction as an indispensable backup solution, safeguarding organisations and manufacturing facilities from unexpected outages and ensuring uninterrupted productivity.
Renting diesel generators provides cost efficiency as they reduce maintenance costs as compared to regular generators. Diesel generators are developed to withstand higher power loads and can operate for longer periods, making them durable and reliable. Furthermore, the fuel efficiency offered by diesel generators and lower expenses are increasing its adoption significantly, thereby supporting the United Kingdom power rental market growth.
Reportedly, the construction volume output from June 2022 to June 2023 in Northern Ireland increased by 7.8% year on year. The growth was majorly driven by repair and maintenance work, which in 2023 witnessed a year-on-year increase of 17%. The frequent occurrences of power outages in various parts of the UK including Northern Ireland and England due to severe storms and other climatic conditions are necessitating the adoption of power backups.
Market Segmentation
United Kingdom Power Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
- Diesel
- Gas
- Alternative Fuel
Market Breakup by Rating
- Up to 50 kW
- 51 –500 kW
- Above 500 kW
Market Breakup by Application
- Peak Shaving
- Standby Power
- Prime/Continuous Power
Market Breakup by End Use
- Utilities
- Oil and Gas
- Events
- Construction
- Mining
- Manufacturing
- Data Centres
- Others
Market Breakup by Region
- England
- Wales
- Scotland
- Northern Irela
Competitive Landscape
Companies are increasingly providing power rental solutions with alternate renewable fuels as part of the country’s transition towards net zero economy.
- Atlas Copco AB
- Aggreko Ltd
- Ashtead Group plc
- Caterpillar Inc.
- Cummins Inc
- LOXAM Group
- Johnson Controls International Plc
- United Rentals, Inc
- Stuart Power Ltd
- Finning International Inc
- 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:
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| Breakup by Fuel Type |
|
| Breakup by Rating |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe Power Rental Market Overview
8.1 Key Industry Highlights
8.2 Europe Power Rental Historical Market (2018-2023)
8.3 Europe Power Rental Market Forecast (2024-2032)
9 United Kingdom Power Rental Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Power Rental Historical Market (2018-2023)
9.3 United Kingdom Power Rental Market Forecast (2024-2032)
10 United Kingdom Power Rental Market by Fuel Type
10.1 Diesel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Alternative Fuel
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United Kingdom Power Rental Market by Rating
11.1 Up to 50 kW
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 51 –500 kW
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 500 kW
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United Kingdom Power Rental Market by Application
12.1 Peak Shaving
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Standby Power
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Prime/Continuous Power
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United Kingdom Power Rental Market by End Use
13.1 Utilities
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Oil and Gas
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Events
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Construction
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Mining
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Manufacturing
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Data Centres
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 United Kingdom Power Rental Market by Region
14.1 England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Wales
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Scotland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Northern Ireland
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Atlas Copco AB
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aggreko Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ashtead Group plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Caterpillar Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cummins Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 LOXAM Group
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Johnson Controls International Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 United Rentals, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Stuart Power Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Finning International Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 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. United Kingdom Power Rental Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Power Rental Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
4. United Kingdom Power Rental Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
5. United Kingdom Power Rental Historical Market: Breakup by Rating (USD Million), 2018-2023
6. United Kingdom Power Rental Market Forecast: Breakup by Rating (USD Million), 2024-2032
7. United Kingdom Power Rental Historical Market: Breakup by Application (USD Million), 2018-2023
8. United Kingdom Power Rental Market Forecast: Breakup by Application (USD Million), 2024-2032
9. United Kingdom Power Rental Historical Market: Breakup by End Use (USD Million), 2018-2023
10. United Kingdom Power Rental Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. United Kingdom Power Rental Historical Market: Breakup by Region (USD Million), 2018-2023
12. United Kingdom Power Rental Market Forecast: Breakup by Region (USD Million), 2024-2032
13. United Kingdom Power Rental Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 791.0 million in 2023.
The market is estimated to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1,090.6 million by 2032.
The growth of the power rental market in the United Kingdom is due to the expansion of the manufacturing and construction sector, the electrification of industries, and the occurrences of power outages.
The major end uses are utilities, oil and gas, events, construction, mining, manufacturing, data centres, and others.
The different fuel types for power rentals are diesel, gas, and alternative fuel.
The key markets include England, Wales, Scotland, and Northern Ireland.
The major players in the market are Atlas Copco AB, Aggreko Ltd, Ashtead Group plc, Caterpillar Inc, Cummins Inc, LOXAM Group, Johnson Controls International Plc, United Rentals, Inc, Stuart Power Ltd, and Finning International Inc, among others.
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