HOME Top Market Reports Power Rental Market by end user (industry, Utilities, Oil & Gas, Construction, Quarrying & Mining, Events, Shipping, and Others), Application (Peak Shaving, Base Load, & Standby), Type of Generator (Diesel, Gas, and Others), Power Rating (0-80, 81-280, 281-600,> 600kW), & by Region - Global Trends & Forecasts to 2020

Power Rental Market by end user (industry, Utilities, Oil & Gas, Construction, Quarrying & Mining, Events, Shipping, and Others), Application (Peak Shaving, Base Load, & Standby), Type of Generator (Diesel, Gas, and Others), Power Rating (0-80, 81-280, 281-600,> 600kW), & by Region - Global Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: EP 3534

 

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This report estimates the power rental market in terms of value in $million. This has been broken down into end-use industry, type of application, power rating (kW), type of generator, and region; it has been further split into countries.

The global power rental market is witnessing high growth on account of an increase in demand from developing economies, and lack of grid stability and support. The concept of power rental originated in North America; it is well developed in North America and in Western European countries. The power rental market is expected to grow in the Middle East, Africa, and Asia-Pacific mainly because of increasing urbanization and industrialization in these regions. Increasing construction and development activities in Middle East is major driver of power rental market in the region.

The global power rental market is expected to reach a value of $21.3 Billion by 2020, at a CAGR of 12.9 % from 2015 to 2020. The critical factors responsible for the growth of the market include increasing power consumption, aging power infrastructure, and increasing construction & developmental activities globally.

Power Rental Market

Source: Secondary Research, Experts Interview, and MarketsandMarkets Analysis

The power rental market has also been analyzed with respect to Porter's Five Forces model. Different market forces such as bargaining power of buyers, bargaining power of suppliers, degree of competition, threat of substitutes, and threat of new entrants have been analyzed with respect to the power rental market.

This report also includes profiles of leading equipment manufacturers and suppliers of temporary power equipment such as Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K), Speedy Hire (U.S.), Atlas Copco AB (Sweden), Bredenoord (The Netherlands), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation (U.S.), Kohler (U.S.), and So Energy International, Smart Energy Solutions (UAE) and Rental Solutions and Services headquartered in UAE. The report also provides a competitive landscape of major market players that includes new product developments, mergers & acquisitions, facility expansions, agreements & collaborations, and contracts.

Various secondary sources such as encyclopedias, directories, and databases have been used to identify and collect information that was useful for this extensive commercial study of the global power rental market. Primary sources, which include experts and suppliers from the industry, have been interviewed to obtain and verify critical information as well as assess future prospects of the power rental market.

Scope of the Report:

The global power rental market has been analyzed in terms of revenue ($million) for the aforesaid end-use industry, load/applications, power rating, generator type, and by region.

On the basis of end-use industry:

  • Utilities
  • Oil & Gas
  • Industrial
  • Construction
  • Quarrying and mining
  • Events
  • Shipping
  • Others

On the basis of application:

  • Peak shaving
  • Standby power
  • Base load/ Continuous power

On the basis of generator type:

  • Diesel
  • Gas
  • Others

On the basis of generator power rating (kW):

  • Less than 100
  • 101-350
  • 351-750
  • More than 750

On the basis of region:

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Russia
    • France
    • Italy
  • South America
    • Brazil
    • Argentina
    • Chile
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
  • Middle East
    • UAE
    • Iran
    • Qatar
    • Turkey
    • Saudi Arabia
  • Africa
    • Algeria
    • Nigeria
    • South Africa

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered (Sub-Segments Including GEO Segmentation)
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
           2.1.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Key Data From Primary Sources
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Power Rental Market
    4.2 The Middle East & Asia-Pacific Will Have High Growth Rates in the Power Rental Market
    4.3 Power Rental Market Size, By Application, 2014
    4.4 Power Rental Market Size, By Generator Type, 2020
    4.5 Power Rental Market: Developed vs Developing Nations
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Application
           5.2.2 By Generator Type
           5.2.3 By End-Use Industry
           5.2.4 By Generatot Power Rating
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Power Demand
                    5.3.1.2 Lack of Power Infrastructure
                    5.3.1.3 Events
                               5.3.1.3.1 Unforeseen Events
                               5.3.1.3.2 Planned Events
                    5.3.1.4 More Preference to Rent Instead of Buy
           5.3.2 Restraints
                    5.3.2.1 Stringent Emission Regulations
                    5.3.2.2 Rise in T&D Expenditure
           5.3.3 Opportunities
                    5.3.3.1 Obsolete Permanent Power Plants
                    5.3.3.2 Special Events in the Middle East & South America
                    5.3.3.3 High Growth Potential in Emerging Economies
           5.3.4 Challenges
                    5.3.4.1 Payments Issues in Underdeveloped & Developing Nations
                    5.3.4.2 Growing Focus on Renewable Energy
                    5.3.4.3 Intense Competition From Local Players
    5.4 Impact of Market Dynamics

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Power Rental Market, By End-Use Industry (Page No. - 52)
    7.1 Introduction
    7.2 Utilities
    7.3 Oil& Gas
    7.4 Industrial
    7.5 Construction
    7.6 Quarrying & Mining
    7.7 Shipping
    7.8 Events

8 Global Power Rental Market, By Generator Type (Page No. - 77)
    8.1 Introduction
    8.2 Diesel Generators
    8.3 Gas Generators
    8.4 Other Generators

9 Global Power Rental Market, By Application (Page No. - 82)
    9.1 Introduction
    9.2 Peak Shaving
    9.3 Standby Power
    9.4 Base Load/Continuous Power

10 Global Power Rental Market, By Generator Power Rating (KW) (Page No. - 87)
     10.1 Introduction
     10.2 0-80 KW Rating
     10.3 81-280 KW Rating
     10.4 281-600 KW Rating
     10.5 More Than 600 KW

11 Power Rental Market, By Region (Page No. - 92)
     11.1 Introduction
     11.2 Regional Analysis
     11.3 Asia-Pacific
             11.3.1 China
             11.3.2 India
             11.3.3 Australia
             11.3.4 Japan
     11.4 North America
             11.4.1 U.S
             11.4.2 Canada
             11.4.3 Mexico
     11.5 South America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Chile
     11.6 Europe
             11.6.1 U.K
             11.6.2 Germany
             11.6.3 Russia
             11.6.4 Italy
             11.6.5 France
             11.6.6 Turkey
     11.7 Middle East
             11.7.1 Saudi Arabia
             11.7.2 UAE
             11.7.3 IRAN
             11.7.4 Qatar
     11.8 Africa
             11.8.1 Algeria
             11.8.2 Nigeria
             11.8.3 South Africa

12 Competitive Landscape (Page No. - 127)
     12.1 Overview
     12.2 Market Share Analysis, By Key Players
     12.3 Competitive Situation & Trends
     12.4 Joint Ventures
     12.5 New Product/Technology Launches
     12.6 Expansions
     12.7 Mergers & Acquisitions
     12.8 Contracts & Agreements

13 Company Profiles (Page No. - 135)
     13.1 Introduction
     13.2 Aggreko PLC.
     13.3 APR Energy PLC.
     13.4 Ashtead Group PLC.
     13.5 Caterpillar Inc.
     13.6 Cummins Inc.
     13.7 Atlas Copco CB.
     13.8 Hertz Corporation.
     13.9 Speedy Hire PLC.
     13.10 United Rentals Inc.
     13.11 Bredenoord Exploitatiemij B.V.
     13.12 Kohler Co.Inc.
     13.13 Power Electrics (Bristol) Limited
     13.14 Rental Solutions & Services Llc.
     13.15 Smart Energy Solutions.
     13.16 Soenergy International Inc.

14 Appendix (Page No. - 165)
     14.1 Insights From Industry Experts
     14.2 Other Developments
     14.3 North America Temperature Control & Compressed Air Rental Market
             14.3.1 Overview
             14.3.2 North America Temperature Control & Compressed Air Rental Market
                        14.3.2.1 U.S. Tempearture Control & Compressed Air Rental Market
                        14.3.2.2 Canada Tempearture Control & Compressed Air Rental Market
     14.4 Discussion Guide
     14.5 Available Customizations
     14.6 Introducing RT: Real Time Market Intelligence
     14.7 Related Reports


List of Tables (121 Tables)

Table 1 Power Consumption (Quadrillion Btu), By Regions, 2010-2040
Table 2 Acsess of Electricity (% of Population)
Table 3 Impact Analysis of Market Dynamics
Table 4 Power Rental Market Size, By End-Use Industry, 2013-2020 ($Million)
Table 5 Average Retail Price of Electricity, By End-Use Sector, 2008-2014 (Cents Per Kilowatt-Hour)
Table 6 Utilities: Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 7 Asia-Pacific: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 8 North America: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 9 South America: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 10 Europe: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 11 Middle East: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 12 Africa: Electricity Consumption, By Country, 2008-2012 (Billion Kilowatt Hours)
Table 13 Oil Production, By Region, 2008-2013 (Thousand Barrels Daily)
Table 14 Oil & Gas: Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 15 Asia Pacific: Oil & Gas: Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 16 North America: Oil & Gas Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 17 South America: Oil & Gas Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 18 Europe: Oil & Gas Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 19 Middle East: Oil & Gas Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 20 Africa: Oil & Gas Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 21 Gross Domestic Product for Top 10 Countries, 2010-2013 ($Million)
Table 22 Industrial Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 23 Asia-Pacific: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 24 North America: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 25 South America: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 26 Europe: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 27 Middle East: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 28 Africa: Industrial Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 29 Construction Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 30 Asia-Pacific: Construction Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 31 North America: Construction Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 32 Europe: Construction Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 33 Middle East: Construction Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 34 Quarrying & Mining Power Rental Market, By Region, 2013-2020 ($Million)
Table 35 Asia-Pacific: Quarrying & Mining Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 36 North America: Quarrying & Mining Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 37 South America: Quarrying & Mining Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 38 Europe: Quarrying & Mining Power Rental Market Size, By Country, 2013-2020 ($Million)
Table 39 Shipping Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 40 List of Various Events Using Power Rental, 2014-2022
Table 41 Events Power Rental Market Size, By Region, 2013-2020 ($Million)
Table 42 Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 43 Diesel Generators Market Size, By Region, 2013–2020 ($Million)
Table 44 Gas Generators Market Size, By Region, 2013–2020 ($Million)
Table 45 Other Generators Market Size , By Region, 2013–2020 ($Million)
Table 46 Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 47 Peak Shaving Market Size, By Region, 2013–2020 ($Million)
Table 48 Standby Power Market Size, By Region, 2013–2020 ($Million)
Table 49 Base Load/Continuous Power Market Size, By Region, 2013–2020 ($Million)
Table 50 Generator Power Rating Required By Different End-Use Industries
Table 51 Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 52 0-80 KW Market Size, By Region, 2013–2020 ($Million)
Table 53 81-280 KW Market Size, By Region, 2013–2020 ($Million)
Table 54 281-600 KW Market Size, By Region, 2013–2020 ($Million)
Table 55 More Than 600 KW Market Size , By Region, 2013–2020 ($Million)
Table 56 Power Rental Market Size, By Region, 2013–2020 ($Million)
Table 57 Asia-Pacific: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 58 Asia-Pacific: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 59 Asia-Pacific: Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 60 Asia-Pacific: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 61 Asia-Pacific: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 62 China: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 63 India: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 64 Australia: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 65 Japan: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 66 North America: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 67 North America: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 68 North America: Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 69 North America: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 70 North America: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 71 U.S.: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 72 Canada: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 73 Mexico: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 74 South America: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 75 South America: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 76 South America: Power Rental Market Size, By Application Type, 2013–2020 ($Million)
Table 77 South America: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 78 South America: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 79 Brazil: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 80 Argentina: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 81 Chile: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 82 Europe: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 83 Europe: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 84 Europe: Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 85 Europe: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 86 Europe: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 87 U.K.: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 88 Germany: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 89 Russia: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 90 Italy: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 91 France: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 92 Turkey: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 93 Middle East: Oil Reserves, 2009–2013 (Thousand Barrels Daily)
Table 94 Middle East: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 95 Middle East: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 96 Middle East: Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 97 Middle East: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 98 Middle East: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 99 Saudi Arabia: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 100 UAE: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 101 IRAN: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 102 Qatar: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 103 Africa: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 104 Africa: Power Rental Market Size, By Generator Type, 2013–2020 ($Million)
Table 105 Africa: Power Rental Market Size, By Application, 2013–2020 ($Million)
Table 106 Africa: Power Rental Market Size, By Generator KW Rating, 2013–2020 ($Million)
Table 107 Africa: Power Rental Market Size, By Country, 2013–2020 ($Million)
Table 108 Algeria: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 109 Nigeria: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 110 South Africa: Power Rental Market Size, By End-Use Industry, 2013–2020 ($Million)
Table 111 Joint Ventures, 2011-2014
Table 112 New Product/Technology Launches, 2011-2014
Table 113 Expansions, 2011-2013
Table 114 Mergers & Acquisitions, 2011-2014
Table 115 Contracts & Agreements, 2011-2014
Table 116 North America Temperature Control Market Size (Value), By Country, 2013–2020 ($Million)
Table 117 North America Compressed Air Market Size (Value), By Country, 2013-2020 ($Million)
Table 118 U.S Temperature Control Market Size, By Country, 2013–2020 ($Million)
Table 119 U.S.: Compressed Air Rental Market Size, By Region 2013–2020 ($Million)
Table 120 Canada: Temperature Control Market Size, By Country, 2013–2020 ($Million)
Table 121 Canada: Compressed Air Rental Market Size, By Country, 2013–2020 ($Million)


List of Figures (48 Figures)

Figure 1 Markets Covered: Power Rental
Figure 2 Power Rental Market: Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Regional Market Share in the Power Rental Market in 2014
Figure 7 The Middle East is Expected to Dominate the Power Rental Market During the Forecast Period
Figure 8 Power Rental Market Share (Value), By End-Use Industry, 2015 & 2020
Figure 9 Power Rental Market Share (Value), By Power Rating, 2015 & 2020
Figure 10 Power Rental Market Share (Value), By Type of Generator, 2014
Figure 11 Increasing Power Demand Will Create Growth Opportunities in the Power Rental Market
Figure 12 Power Rental Market Share (Value), By Region, 2014
Figure 13 Peak Shaving Was Estimated to Occupy the Largest Market Share in 2014
Figure 14 Gas Generator Segment to Grow at A Rapid Rate in the Power Rental Market
Figure 15 Developing Economies to Grow Faster Than Developed Ones During 2015-2020
Figure 16 The Middle Eastern & Asia-Pacific Markets are Expected to Have High Growth Rates During 2015-2020
Figure 17 Market Segmentation: By Application, Type of Fuel, End Use Industry, Power Rating & Region
Figure 18 Market Dynamics for Power Rental Market
Figure 19 Energy Consumption in OECD & Non OECD Countries, 1990-2040
Figure 20 Value Chain Analysis: Major Value is Added During the Installation & Operation Phase
Figure 21 Porter’s Five Forces Analysis: the Bargaining Power of Buyers is Moderate to High in the Power Rental Market
Figure 22 Global Power Rental Market Share(Value), By End Use Industry, 2014
Figure 23 Power Rental Market Share (Value), By Generator Type, 2015
Figure 24 Power Rental Market Share (Value), By Application, 2015
Figure 25 Power Rental Market Share (Value), By KW Rating, 2015
Figure 26 Power Rental Market Share (Value), By Region, 2014
Figure 27 Asia-Pacific Power Rental Market Snapshot, 2015
Figure 28 North America Power Rental Market Snapshot, 2015
Figure 29 U.K. Electric Power Demand By Sector, 2012
Figure 30 Companies Adopted Partnerships/Agreements and Expansions as the Key Growth Strategies in the Past Four Years
Figure 31 Aggreko Held the Largest Share in the Power Rental Market, 2014
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Contracts & Agreements Was the Key Strategy
Figure 34 Geographic Revenue Mix of the Top Four Market Players
Figure 35 Aggreko PLC: Company Snapshot
Figure 36 Aggreko PLC: SWOT Analysis
Figure 37 APR Energy PLC: Company Snapshot
Figure 38 APR Energy PLC: SWOT Analysis
Figure 39 Ashtead Group PLC: Company Snapshot
Figure 40 Ashtead Group PLC: SWOT Analysis
Figure 41 Caterpillar Inc.: Company Snapshot
Figure 42 Caterpillar Inc.: SWOT Analysis
Figure 43 Cummins Inc.: Company Snapshot
Figure 44 Cummins Inc.: SWOT Analysis
Figure 45 Atlas Copco CB: Company Snapshot
Figure 46 Hertz Corporation: Company Snapshot
Figure 47 Speedy Hire PLC: Company Snapshot
Figure 48 United Rentals Inc.: Company Snapshot

The increasing demand for energy and rapidly growing economies in developing countries across the world are driving the power rental market. Ageing power infrastructure is also a major driving force of this market. Power rental equipment is used in many sectors, including utility, oil & gas, industrial, construction, and events.

The global power rental market is estimated to be valued at $10.4 Billion in 2014. In terms of end-user segments, utilities, oil & gas, industrial, construction, and quarrying & mining are the largest markets for power rental. Majority of the power rental market is captured by the utilities industry, which accounted for approximately 35% of the total share. The oil & gas industry held the second largest market share.

Power Rental Market Share (Value), by Region, 2014

Power Rental Market

Source: Mining-technology, BP Statistics, Oil & Gas Journal, World Bank, EIA, IEA, Company Annual Reports & Press Releases, Expert Interviews, MarketsandMarkets Analysis

North America held the largest market share of 20%, followed by the Middle East and Asia-Pacific. Growth in power demand and capacity expansion plans by power rental companies are the key market drivers. In addition, replacing ageing distribution grids and high demand for power in developing countries will act as growth catalysts for the market.

Some of the major companies which deal in the power rental market include Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K.), Speedy Hire (U.S.), Atlas Copco AB (Sweden), Bredenoord (The Netherlands), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation(U.S.), Kohler(U.S.), So Energy International (UAE), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE).

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