The power rental market is defined as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such coal, oil, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire providing flexibility, reliability, speed, and cost-effectiveness. Moreover, power on rent delivers complete operating power packages and delivers scalable components within large power station installations to various industrial applications.
This report projects the trends and opportunities of the global power rental market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
The global power rental market is expected to witness significant growth during the forecast period on account of increase in demand for power worldwide. Moreover, the increase in power consumption, development of power infrastructure, and increase in construction is anticipated to boost the demand for power rental in the coming years. Furthermore, increase in demand for power from oil & gas industry is another major factor that boosts the market growth. However, the enforcement of stringent regulations on emissions occurred by generators coupled with rise in transmission and distribution expenditure is expected to hinder the market growth. However, the demand for power in emerging economies such as India and China is expected to set up new growth opportunities for the global power rental market in the upcoming years.
The global power rental market is segmented based on fuel, power rating, end-user industries, and geography. On the basis of fuel, the market is classified as diesel, gas, and dual fuel. On the basis of power rating, the market is categorized into 11-50 kW, 51-200 kW, 201-500 kW, 501-1,000 kW, 1,501-2,000 kW, and above 2,000 kW. On the basis of end-user industries, the market is diversified into utilities, oil & gas, events, construction, mining, and shipping. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector include Aggreko PLC., Caterpillar Inc., Ashtead Group PLC., Cummins Inc., Atlas Copco CB, Speedy Hire PLC, Kohler Co., Hertz Corporation, Soenergy International Inc., and Rental Solutions & Services LLC.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
- Major countries in each region are mapped as per key trends and opportunities of the market and presence of major players.
- Region-wise and country-wise market conditions are analyzed in the report.
- Key players of the power rental market are also listed.
- This study evaluates value chain to understand the competitive environment across geographies.
- An in-depth analysis of segmentation is provided to elucidate the dominant opportunities.
Power Rental Market Key Segments:
By Power Rating
- 11-50 kW
- 51-200 kW
- 201-500 kW
- 501-1,000 kW
- 1,501-2,000 kW
- Above 2,000 kW
By End-User Industries
- Oil & Gas
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Kingdom of Saudi Arabia
- South Africa
- Rest of LAMEA