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Report
Global Power Rental Market Report and Forecast 2023-2028
Market Report I 2023-10-05 I 141 Pages I EMR Inc.
Global Power Rental Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global power rental market is projected to grow at a CAGR of 5.80% between 2023 and 2028. Aided by increase in mining activities and growing deployment of rental generators in the construction industry, the market is expected to grow significantly by 2028.
Power rental solutions refer to the services where companies provide generators, equipment, and machinery on a rental basis to end-users. These solutions are inherently versatile, offering both temporary and long-term power solutions to sectors that require instant power or encounter regular power outages. Industries such as events, construction, mining, and oil and gas, frequently rely on power rental solutions to ensure uninterrupted operations.
One of the significant factors fuelling the power rental market demand is the transient necessity for power during public events, energy-intensive industrial activities, or emergency situations. Such scenarios often demand an immediate, robust, and reliable power source, thereby leading to the growing preference for rental power solutions. Furthermore, in locations where establishing a permanent power source is either impractical or excessively costly, power rental proves to be a cost-effective and efficient alternative.
The power rental market trends are not merely confined to emergency power solutions. With the progression of infrastructural projects globally, especially in developing economies, there is a prominent rise in demand for continuous power supply. Construction sites, remote mining operations, and offshore drilling activities particularly demonstrate situations where renting power equipment is more pragmatic than buying or establishing a permanent solution.
The power rental market analysis reveals that sectors such as entertainment and event management have developed a steadfast reliance on power rentals. Large-scale events, music festivals, and international conferences, where power disruption can result in significant financial and reputational damage, predominantly opt for power rental solutions, ensuring a seamless execution.
Industries are increasingly focusing on curtailing operational costs, and power rental solutions offer an optimal way to balance operational efficiency without the burdens of ownership, maintenance, and depreciation. Especially in regions with volatile electricity supplies or where grid infrastructure is underdeveloped, industries are more inclined to resort to power rentals, bolstering the power rental market growth.
Market Segmentation
The market can be divided based on fuel type, equipment type, power rating, application, end use, and region.
Market Breakup by Fuel Type
- Diesel
- Natural Gas
- Others
Market Breakup by Equipment Type
- Load Bank
- Generator
- Transformer
- Others
Market Breakup by Power Rating
- Up to 50 kW
- 51-500 kW
- 510-2,500 kW
- Above 2,500 kW
Market Breakup by Application
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
Market Breakup by End Use
- Utilities
- Oil and Gas
- Events
- Construction
- Mining
- Data Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global power rental market. Some of the major players explored in the report by Expert Market Research are as follows:
- Caterpillar, Inc.
- Aggreko Plc
- Atlas Copco Group
- Cummins, Inc.
- The Hertz Corporation
- Generac Power Systems
- Wacker Neuson SE
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Power Rental Market Analysis
8.1 Key Industry Highlights
8.2 Global Power Rental Historical Market (2018-2022)
8.3 Global Power Rental Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Natural Gas
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Power Rental Market by Equipment Type
8.5.1 Load Bank
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Generator
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Transformer
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 51 -500 kW
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 501 -2,500 kW
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Above 2,500 kW
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Standby Power
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Base Load/Continuous Power
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Power Rental Market by End Use
8.8.1 Utilities
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Oil and Gas
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Events
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Construction
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Mining
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Data Centres
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2018-2022)
8.8.6.3 Forecast Trend (2023-2028)
8.8.7 Others
8.9 Global Power Rental Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Power Rental Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Power Rental Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Power Rental Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Power Rental Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Power Rental Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Caterpillar, Inc.
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 Plc
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 Atlas Copco Group
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 Cummins, 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 The Hertz Corporation
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 Generac Power Systems
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 Wacker Neuson SE
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 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Power Rental Market: Key Industry Highlights, 2018 and 2028
2. Global Power Rental Historical Market: Breakup by Fuel Type (USD Billion), 2018-2022
3. Global Power Rental Market Forecast: Breakup by Fuel Type (USD Billion), 2023-2028
4. Global Power Rental Historical Market: Breakup by Equipment Type (USD Billion), 2018-2022
5. Global Power Rental Market Forecast: Breakup by Equipment Type (USD Billion), 2023-2028
6. Global Power Rental Historical Market: Breakup by Power Rating (USD Billion), 2018-2022
7. Global Power Rental Market Forecast: Breakup by Power Rating (USD Billion), 2023-2028
8. Global Power Rental Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Power Rental Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Power Rental Historical Market: Breakup by End Use (USD Billion), 2018-2022
11. Global Power Rental Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12. Global Power Rental Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Power Rental Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Power Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Power Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Power Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Power Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Power Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Power Rental Market Structure
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