Power Rental Market

Power Rental Market by Fuel (Diesel & Gas), Power Rating, Equipment, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping, Data Center), Application (Peak Shaving, Base Load, Standby), Region - Global Forecasts to 2023

Report Code: EP 3534 Nov, 2018, by marketsandmarkets.com

[192 Pages Report] MarketsandMarkets forecasts the global power rental market is projected to reach a size of USD 21.2 billion by 2023, at a CAGR of 7.89%, from an estimated USD 14.5 billion in 2018. This growth can be attributed to the limited access to electricity in rural areas and increase in power loss due to aging infrastructure.

Power Rental Market

By end-user, the utilities segment is expected to grow at the fastest rate during the forecast period.

The report segments the power rental market, by end-user, into utilities, oil & gas, minning, manufacturing, construction, events, shipping, and data center. Local grids lack reliable supply, mainly due to poor or lack of transmission network in regions such as Africa, Asia Pacific, and in developing countries. Unreliable supply from a local grid or limited access to the main transmission network may prohibit the delivery of electricity required to sustain production and operations. In such cases, there will be a high demand for generators, as users avoid traditional power grids to limit their use of the grid. Hence, there is continuous demand for power rental from power plants in order to ensure continued power supply. Utility companies use rental generators mainly during the peak demand period

By application, the standby power segment is expected to grow at the fastest rate during the forecast period.

A standby generator is an electrical back-up system that operates within seconds of a power outage. The transfer switch senses the loss of power and accordingly starts or shuts off the generator. Most units run on diesel, natural gas, or liquid propane gas. These generators are used in hospitals, office buildings, and schools, among others.

Power Rental Market

North America is expected to account for the largest market size during the forecast period

In this report, the power rental market has been analyzed with respect to 6 regions, namely, North America, Europe, South America, Asia Pacific, Africa, and the Middle East. The market in North America is estimated to be the largest during the forecast period. Increasing power demand and aging infrastructure are some of the key factors responsible for the growth of the power rental market. According to National Energy Board Canada, total export of 72.1 tWh (tera watt hours) of electricity was done to US in 2017. The US government have been trying to reduce the electricity import in the country over a decade. But the increasing oil prices have impacted the growth, creating the power deficit. The deficit provides market opportunity for power rental solution. Such factors would boost the power rental market in the region during the forecast period.

Market Dynamics

Driver:  Limited access to electricity in rural areas

According to the Energy Access Outlook 2017, 14% of the total world population still lacks access to electricity. In addition, there are frequent power cuts and blackouts in many regions. The main reasons for the power cuts and blackouts are aging T&D lines, increasing power deficit in Africa & East Asia, and increasing demand from the urban population. According to Energy Access Outlook 2017, only 73% of the global rural population had access to electricity in 2016, on the contrary, 96% of the urban population had access to electricity for the same year. Globally, 1,060 million people in 2016 did not have access to electricity out of which 588 million people lived in Africa. This clearly states that Africa as a continent is experiencing electricity deficit and poor power infrastructure. However, different economies in Africa such as Nigeria, Algeria, and South Africa are growing which, in turn, are creating requirements for additional power. Power rental solutions are used to meet the growing requirements in these regions and across different countries suffering from power deficit. The power rental companies provide a set of temporary power plants in remote areas, which have limited access to transmission and distribution lines, catering to power requirements in Africa and East Asia. Thus, the limited access to electricity in regions such as Africa and East Asia are creating an opportunity for the power rental market.

Restraint:  Slowdown in global economies

The global slowdown in the major economies across the world is one of the major restraints that hampers the growth of the power rental market. The major consumers for power rental solution in economies such as the US, India, China, Germany, Japan, and the UK are construction, mining, and oil & gas industries. The slowdown in these industries has affected the growth of the power rental market. For instance, global oil prices witnessed a decline in 2015–2016, following the shale gas boom in North America since 2008. Regions like the Middle East and Africa are largely affected by the decline of oil & gas prices. The decline in oil & gas prices has forced oil & gas companies to hold investments in some of the major developmental projects. The decrease in investments in the oil & gas sector has affected the power rental market, as oil & gas end-user segment requires power rental solution during plant maintenance activity or during construction activity. The decrease in investments has put these activities on hold, affecting the oil & gas market. In addition, in the regions such as the Middle East and Africa, income from oil & gas export is the backbone of the economy. The decrease in prices and a decrease in export have reduced investments in long-term projects in the construction industry. The decreasing investments in the construction industry affect the power rental market, as power rental solutions are required to meet the fluctuating power requirements in the different phases of the construction projects. The construction and oil & gas industry holds a significant market share for power rental solutions. Thus, the slowdown in the global economies is acting as a restrain for the market.

Opportunity: Obsolete permanent power plants

The power plant in the developed countries is reaching toward the end of its life cycle. According to the World Bank, approximately there are 487 oil, gas, or nuclear power plants located across the the globe that are commissioned before 1975. These power generating plants are not modernized, which brings the need to replace these obsolete distribution grids and generating plants. This creates a requirement for reliable backup in the form of power rental or temporary power solutions. New permanent power plants require years of planning and finance to be generated. Moreover, financing these plants would also pose a challenge, particularly for emerging countries. This makes power rental solutions a highly advantageous option as they can be provided within weeks and the initial capital requirement is also low. Power rental can be supplied across the grid without the need for setting up any additional transmission infrastructure and can also be demobilized to serve other customers after the permanent demand capacity is met.

Challenge:  Stringent emission regulations effecting diesel fuel type generator

Environmental agencies constantly exert pressure on various countries to reduce their carbon emissions, forcing them to set aggressive targets. The European Union has set a target of 20% reduction, and the US government has set a target of 17% reduction by 2020, while India has also set a target of 20% reduction in the emissions. Brazil, Mexico, and South Africa have set a reduction target of over 30% by 2020. Several regulations have been implemented across the globe to reduce air and noise pollution caused by generator sets. With growing environmental concern, each country has its own set of regulations to reduce air and noise pollution. To meet these emission standards in many countries, generators are required to run on Ultra-Low Sulfur Diesel (ULSD). The US environment regulation requires 97% reduction in sulfur content of the diesel fuel. ULSD is more expensive than the standard diesel fuel as it requires additional processes to remove the sulfur content. Thus, the stringent norms possess a challenge for the power rental solution as power rental companies need to upgrade their fleet to a standard which is in accordance with the government standards and the use of ULSD will increase its power generation cost. Hence, the stringent norms are directly impacting the cost of investment for the power rental companies.

Power Rental Market

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD)

Segments covered

End-User, Application, Fuel, Power Rating, Equipment

Geographies covered

North America, Asia Pacific, South America, Europe, and Middle East & Africa

Companies covered

Aggreko (UK), United Rental (US), Caterpillar (US), Cummins (US), and Ashtead Group (UK) among others

This research report categorizes the market based on end-user, application, power rating, fuel, equipment and region

On the basis of end-user, the power rental market has been segmented as follows:

  • Utilities
  • Oil & Gas
  • Mining
  • Manufacturing
  • Construction
  • Events
  • Shipping
  • Data Center
  • Others (Telecom, Agriculture, Military, Hospital, and Commercials among others)

On the basis of application, the power rental market has been segmented as follows

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

On the basis of power rating, the power rental market has been segmented as follows:

  • Less than 10 kW
  • 11 kW - 20 kW
  • 21 kW - 50 kW
  • 51 kW - 100 kW
  • 101 kW - 250 kW
  • 251 kW - 500 kW
  • 501 kW - 1,000 kW
  • 1,001 kW -1,500 kW
  • 1,501 kW - 2,000 kW
  • 2,001 kW - 2,500 kW
  • Above 2,500 kW

On the basis of fuel, the power rental market has been segmented as follows:

  • Diesel
  • Gas
  • Others (HFO, Dual Fuel, and Hybrid)

On the basis of equipment, the power rental market has been segmented as follows:

  • Generator
  • Load Banks
  • Transformer
  • Others (Wire, Clamps and Power Plant)

By Region

  • Asia Pacific
  • Europe
  • North America
  • Middle East
  • Latin America
  • Africa

Key Market Players

Aggreko (UK), United Rental (US), Caterpillar (US), Cummins (US), and Ashtead Group (UK) among others

Caterpillar manufactures construction and mining equipment, diesel & natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through 4 business segments, namely, construction industries, resource industries, energy & transportation, and financial products. In 2002, Caterpillar, Inc. formed a subsidiary called Energyst, which has 3 distributors, namely, Barloworld Equipment, FINNING, and Pon Power & Pon Equipment. Energyst was created to provide turnkey rental solutions for power and temperature control products. Caterpillar’s product and services portfolio includes reciprocating engines, generator sets, marine propulsion systems, gas turbines, and turbine-related services. Caterpillar, Inc. supplies power rental equipment through its energy and transportation segment. The segment supports customers in the oil & gas, power generation, marine, and rail industries.  

Recent Developments

  • In March 2018, Atlas Copco launched QAC 1450, which is an ISO containerized unit housing two compact 725 kVA (kilo volt ampere) generator.
  • In January 2018, Atlas Copco has extended its range of QIS generators with the addition of 5 models that deliver optimized performance in the most demanding industrial environments. The new generators have a range of 875–1420 kVA.
  • In July 2018, Cummins launched 2 new models for the QSL8.9G generator series: C25N6 and C150N6. These are Cummins’s commercial generator sets and are used for stationary standby power applications.
  • In June 2017, Caterpillar Inc. and Ritchie Bros. formed a partnership under which Ritchie Bros. will become Caterpillar’s preferred global partner for onsite and online auctions of used Caterpillar equipment. The partnership is expected to strengthen Ritchie Bros’ relationship with independent Caterpillar dealers around the world by providing them enhanced and continued access to a global auction marketplace to sell their used equipment.
  • In April 2016, United Rentals launched a new online service that allows renters to browse prices, reserve, and schedule equipment through any internet-enabled device. The service fully automates the selection, order, confirmation, and payment process and is available to all commercial and consumer renters.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the Power Rental market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Introduction
           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
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Power Rental Market, By Country
    4.2 Power Rental, By End-User
    4.3 Power Rental, By Application
    4.4 Power Rental, By Power Rating
    4.5 Power Rental, By Fuel Type
    4.6 Power Rental, By Equipment
    4.7 North American Power Rental Market

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Limited Access to Electricity in Rural Areas
                    5.2.1.2 Increase in Power Loss Due to Aging Infrastructure.
                    5.2.1.3 New Customized Compressed Air Rental Solution
           5.2.2 Restraints
                    5.2.2.1 Slowdown in Global Economies
                    5.2.2.2 Uncertainty in Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Obsolete Permanent Power Plants
                    5.2.3.2 Deccarbonization & Decentralization of Energy Mix
                    5.2.3.3 Next Generation Air Compressors
           5.2.4 Challenges
                    5.2.4.1 Stringent Emission Regulations Effecting Diesel Fuel Type Generator

6 Power Rental Market, By End-User (Page No. - 48)
    6.1 Introduction
    6.2 Utilities
           6.2.1 Africa is Expected to Hold the Largest Market Share
    6.3 Oil & Gas
           6.3.1 North America is Expected to Hold the Largest Market Share
    6.4 Events
           6.4.1 Africa is Expected to Be the Fastest Growing Market for Event Segment
    6.5 Construction
           6.5.1 Asia Pacific is Expected to Hold the Largest Market Share of Construction Segment
    6.6 Mining
           6.6.1 North America is Expected to Grow in Mining Segment Driving Demand for Power Rental Solution
    6.7 Manufacturing
           6.7.1 Increasing Investment in Manufacturing Sector in Asia Pacific is Driving the Power Rentals Market in Manufacturing Segment
    6.8 Shipping
           6.8.1 South America is Expected to Grow at the Fastest Rate in the Shipping Segment
    6.9 Data Center
           6.9.1 North America is Expected to Create Demand in Data Center Segment
    6.10 Others

7 Power Rental Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Peak Shaving
           7.2.1 The Aging T&D Infrastructure is Expected to Drive Peak Shaving Market
    7.3 Standby Power
           7.3.1 Increasing Requirement of Continuous Power Flow to Maintain Efficiency is Driving the Standby Power Market
    7.4 Base Load/Continuous Power
           7.4.1 Increasing Demand From Utilities and Mining End-User is Driving Base Load/Continuous Power Market

8 Power Rental Market, By Power Rating (Page No. - 63)
    8.1 Introduction
    8.2 Up to 50 Kw Power Rating
           8.2.1 Increasing Requirement in Construction Industry is Driving the Market for Up to 50 Kw Segment
    8.3 51 –500 Kw Power Rating
           8.3.1 North America is Expected to Be the Largest Market in 51 – 500 Kw Segment
    8.4 501 –2,500 Kw Power Rating
           8.4.1 Oil & Gas and Utilities are Driving the Market for 501-2,500 Kw Segment

9 Power Rental Market, By Fuel Type (Page No. - 72)
    9.1 Introduction
    9.2 Diesel Generators
           9.2.1 Technical Efficency and Easy Availability of Diesel are Driving the Diesel Generator Market
    9.3 Gas Generators
           9.3.1 Stringent Emission Norms are Creating Market for Gas Generator
    9.4 Others

10 Power Rental Market, By Equipment (Page No. - 77)
     10.1 Introduction
     10.2 Generator
             10.2.1 Increasing Demand for Continuous Power Supply is Creating Opportunity for Generators
     10.3 Transformer
             10.3.1 Increasing Demand for Temporary Power Plant is Driving Transformer Market
     10.4 Load Bank
             10.4.1 Manufacturing and Construction Industries are Driving the Load Bank Market
     10.5 Others

11 Power Rental Market, By Region (Page No. - 83)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 By End-User
             11.2.2 By Fuel Type
             11.2.3 By Application
             11.2.4 By Equipment
             11.2.5 By Country
                        11.2.5.1 China
                                     11.2.5.1.1 Growing Investment in Mining Activities is Expected to Create Opportunity for Power Rentals Market
                        11.2.5.2 India
                                     11.2.5.2.1 Increasing Investment in Manufacturing and Construction Sector is Expected to Drive the Power Rentals Market in India
                        11.2.5.3 Australia
                                     11.2.5.3.1 Aging Power Infrastructure and Growing Power Requirement are Driving the Power Rentals Market in the Region.
                        11.2.5.4 Japan
                                     11.2.5.4.1 Increasing Investment in the Construction Industry is Expected to Drive the Power Rentals Market in Japan
                        11.2.5.5 Singapore
                                     11.2.5.5.1 Manufacturing and Construction Industries are Expected to Drive the Power Rentals Market in Singapore
                        11.2.5.6 Indonesia
                                     11.2.5.6.1 Utilities and Manufacturing Sectors are Driving the Power Rentals Market in Indonesia
                        11.2.5.7 Bangladesh
                                     11.2.5.7.1 Poor T&D Infrastructure is Driving the Market in Bangladesh
                        11.2.5.8 The Rest of Asia Pacific
     11.3 North America
             11.3.1 By End-User
             11.3.2 By Fuel Type
             11.3.3 By Application
             11.3.4 By Equipment
             11.3.5 By Country
                        11.3.5.1 Us
                                     11.3.5.1.1 Aging T&D Infrastructure and Increasing Power Requirement are Driving the Power Rentals Market in the Region.
                        11.3.5.2 Canada
                                     11.3.5.2.1 Utilities and Oil & Gas Industries are Expected to Drive the Power Rentals Market in Canada
                        11.3.5.3 Mexico
                                     11.3.5.3.1 Growing Industrialization and Increasing Power Requirement is Driving the Power Rentals Market in Mexico
     11.4 South America
             11.4.1 By End-User
             11.4.2 By Fuel Type
             11.4.3 By Application
             11.4.4 By Equipment
             11.4.5 By Country
                        11.4.5.1 Brazil
                                     11.4.5.1.1 Utilities is Expected to Drive the Requirement for Power Rental Solution in Brazil
                        11.4.5.2 Argentina
                                     11.4.5.2.1 Lack of Centralized Grid and Poor T&D Infrastructure are Driving the Power Rentals Market in the Region
                        11.4.5.3 Chile
                                     11.4.5.3.1 Utilities are the Largest End-User for Power Rentals Market in Chile
                        11.4.5.4 The Rest of South America
     11.5 Europe
             11.5.1 By End-User
             11.5.2 By Fuel Type
             11.5.3 By Application
             11.5.4 By Equipment
             11.5.5 By Country
                        11.5.5.1 UK
                                     11.5.5.1.1 Oil & Gas and Construction Industries are Expected to Drive the Power Rentals Market in the Region
                        11.5.5.2 Germany
                                     11.5.5.2.1 Increasing Investment in Construction Industry is Expected to Drive the Power Rentals Market in the Country.
                        11.5.5.3 Russia
                                     11.5.5.3.1 Oil & Gas End-User Segment is Expected to Hold the Largest Share for Power Rentals Market in Russia
                        11.5.5.4 Italy
                                     11.5.5.4.1 Increasing Events Activities is Expected to Drive the Power Rentals Market in Italy
                        11.5.5.5 France
                                     11.5.5.5.1 Aging Power Plants are Driving the Requirement for Power Rental Solution
                        11.5.5.6 Turkey
                                     11.5.5.6.1 Utilities are Expected to Drive Demand for Power Rental Solution in Turkey
                        11.5.5.7 Rest of Europe
     11.6 Middle East
             11.6.1 By End-User
             11.6.2 By Fuel Type
             11.6.3 By Application
             11.6.4 By Equipment
             11.6.5 By Country
                        11.6.5.1 Saudi Arabia
                                     11.6.5.1.1 Stable Oil Prices are Expected to Promote Major Oil & Gas Projects, Creating Requirement for Power Rental Solutions
                        11.6.5.2 UAE
                                     11.6.5.2.1 The Growing Power Requirement is Expected to Drive the Power Rental
                        11.6.5.3 Iran
                                     11.6.5.3.1 Poor Power Infrastructure is Creating Opportunity for Power Rentals Market
                        11.6.5.4 Qatar
                                     11.6.5.4.1 Utilities are Expected to Drive the Power Rentals Market in Qatar
                        11.6.5.5 OMAN
                                     11.6.5.5.1 Event Segment is Expected to Be the Fastest Growing End-User Segment for Power Rentals Market in OMAN
                        11.6.5.6 Rest of the Middle East
     11.7 Africa
             11.7.1 By End User
             11.7.2 By Fuel Type
             11.7.3 By Application
             11.7.4 By Equipment
             11.7.5 By Country
                        11.7.5.1 Algeria
                                     11.7.5.1.1 Utility Segment is Expected to Hold the Largest Share
                        11.7.5.2 Egypt
                                     11.7.5.2.1 Utility is Expected to Be the Fastest Growing Market for Power Rental in Egypt
                        11.7.5.3 South Africa
                                     11.7.5.3.1 Increasing Investment in Mining Activities is Driving the Power Rentals Market in the Country
                        11.7.5.4 Nigeria
                                     11.7.5.4.1 Utility Holds the Largest Market Share for Power Rentals Market in Nigeria
                        11.7.5.5 Libya
                                     11.7.5.5.1 The Aging Power Infrastructure is Driving the Power Rentals Market in Libya
                        11.7.5.6 Mozambique
                                     11.7.5.6.1 Increasing Power Requirement is Driving the Power Rentals Market in the Country
                        11.7.5.7 The Rest of Africa

12 Competitive Landscape (Page No. - 141)
     12.1 Introduction
     12.2 Ranking of Players, 2017
     12.3 Competitive Scenario
             12.3.1 Competitive Analysis
             12.3.2 Contracts & Agreements
             12.3.3 New Product Developments
             12.3.4 Investments & Expansions
             12.3.5 Mergers & Acquisitions

13 Company Profiles (Page No. - 148)
     13.1 Benchmarking
     13.2 Caterpillar
             13.2.1 Overview
             13.2.2 Products Offered
             13.2.2 Recent Developments
             13.2.4 MnM View
     13.3 Atlas Copco
             13.3.1 Overview
             13.3.2 Products Offered
             13.3.2 Recent Developments
             13.3.4 MnM View
     13.4 Cummins
             13.4.1 Overview
             13.4.2 Products Offered
             13.4.3 Recent Developments
             13.4.4 MnM View
     13.5 United Rentals
             13.5.1 Overview
             13.5.2 Products Offered
             13.5.3 Recent Developments
             13.5.4 MnM View
     13.6 Ashtead Group
             13.6.1 Overview
             13.6.2 Products Offered
             13.6.3 Recent Developments
             13.6.4 MnM View
     13.7 Aggreko, Plc
             13.7.1 Overview
             13.7.2 Products Offered
             13.7.3 Recent Developments
             13.7.4 MnM View
     13.8 APR Energy
             13.8.1 Overview
             13.8.2 Product Offered
             13.8.3 Recent Developments
             13.8.4 MnM View
     13.9 Bredenoord Exploitatiemij B.V.
             13.9.1 Overview
             13.9.2 Products Offered
             13.9.3 Recent Developments
             13.9.4 MnM View
     13.10 Kohler Co.
             13.10.1 Overview
             13.10.2 Products Offered
             13.10.3 Recent Developments
             13.10.4 MnM View
     13.11 Rental Solutions & Services
             13.11.1 Overview
             13.11.2 Products Offered
             13.11.3 Recent Developments
             13.11.4 MnM View
     13.12 Herc Holdings Inc
             13.12.1 Overview
             13.12.2 Products Offered
             13.12.3 Recent Developments
             13.12.4 MnM View
     13.13 Generac Power Systems
             13.13.1 Overview
             13.13.2 Products Offered
             13.13.3 Recent Developments
             13.13.4 MnM View
     13.14 Wacker Neuson SE
             13.14.1 Overview
             13.14.2 Products Offered
             13.14.3 Recent Developments
             13.14.4 MnM View
     13.15 Wδrtsilδ Corporation
             13.15.1 Overview
             13.15.2 Products Offered
             13.15.3 Recent Developments
             13.15.4 MnM View
     13.16 Speedy Hire Plc.
             13.16.1 Overview
             13.16.2 Products Offered
             13.16.3 Recent Developments
             13.16.4 MnM View
     13.17 Smart Energy Solutions
             13.17.1 Overview
             13.17.2 Products Offered
             13.17.3 Recent Developments
             13.17.4 MnM View
     13.18 Soenergy International
             13.18.1 Overview
             13.18.2 Products Offered
             13.18.3 Recent Developments
             13.18.4 MnM View
     13.19 Multiquip Inc.
             13.19.1 Overview
             13.19.2 Products Offered
             13.19.1 Recent Developments
             13.19.2 MnM View

*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.

14 Appendix (Page No. - 184)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (106 Tables)

Table 1 Global Power Rental Market Snapshot
Table 2 Global Electricity Access Rate
Table 3 GDP Contribution (Agriculture, Construction, Mining, Manufacturing, and Utilities) From Top 7 Countries (USD Billion)
Table 4 Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 5 Utilities: Market, By Region, 2016–2023 (USD Million)
Table 6 Oil & Gas: Market, By Region, 2016–2023 (USD Million)
Table 7 Events: Market, By Region, 2016–2023 (USD Million)
Table 8 Construction: Market, By Region, 2016–2023 (USD Million)
Table 9 Mining: Market, By Region, 2016–2023 (USD Million)
Table 10 Manufacturing: Market, By Region, 2016–2023 (USD Million)
Table 11 Shipping: Market, By Region, 2016–2023 (USD Million)
Table 12 Data Center: Market, By Region, 2016–2023 (USD Million)
Table 13 Others: Market, By Region, 2016–2023 (USD Million)
Table 14 Power Rental Market, By Application, 2016–2023 (USD Million)
Table 15 Peak Shaving: Market, By Region, 2016–2023 (USD Million)
Table 16 Standby Power: Market, By Region, 2016–2023 (USD Million)
Table 17 Base Load/Continuous Power: Market Size, By Region, 2016–2023 (USD Million)
Table 18 Generator Power Rating Categories Required By Different End-Users
Table 19 Market, By Power Rating, 2016–2023 (USD Million)
Table 20 Less Than 10 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 21 11 –20 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 22 21 –50 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 23 51 Kw–100 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 24 101 –250 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 25 251 –500 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 26 501 Kw–1,000 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 27 1,001 –1,500 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 28 1,501–2,000 Kw Rating: Market Size, By Region, 2016–2023 (USD Million)
Table 29 2,001 –2,500 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 30 Above 2,500 Kw Rating: Market, By Region, 2016–2023 (USD Million)
Table 31 Power Rental Market, By Fuel Type, 2016–2023(USD Million)
Table 32 Diesel Generators: Market, By Region, 2016–2023 (USD Million)
Table 33 Gas Generators: Market, By Region, 2016–2023(USD Million)
Table 34 Others Generator Segment: Market, By Region, 2016–2023 (USD Million)
Table 35 Market, By Equipment, 2016–2023 (USD Million)
Table 36 Generator: Market, By Region, 2016–2023 (USD Million)
Table 37 Transformer: Market, By Region, 2016–2023 (USD Million)
Table 38 Load Bank: Market, By Region, 2016–2023 (USD Million)
Table 39 Others: Market, By Region, 2016–2023 (USD Million)
Table 40 Market, By Region, 2016–2023 (USD Million)
Table 41 Asia Pacific: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 42 Asia Pacific: Market, By Fuel Type, 2016–2023 (USD Million)
Table 43 Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market, By Equipment, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market, By Country, 2016–2023 (USD Million)
Table 46 China: Market, By End-User, 2016–2023 (USD Million)
Table 47 India: Market, By End-User, 2016–2023 (USD Million)
Table 48 Australia: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 49 Japan: Market, By End-User, 2016–2023 (USD Million)
Table 50 Singapore: Market, By End-User, 2016–2023 (USD Million)
Table 51 Indonesia: Market, By End-User, 2016–2023 (USD Million)
Table 52 Bangladesh: Market, By End-User, 2016–2023 (USD Million)
Table 53 The Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 54 North America: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 55 North America: Market, By Fuel Type, 2016–2023 (USD Million)
Table 56 North America: Market, By Application, 2016–2023 (USD Million)
Table 57 North America: Market, By Equipment, 2016–2023 (USD Million)
Table 58 North America: Market, By Country, 2016–2023 (USD Million)
Table 59 US: Power Rental Market Size, By End-User, 2016–2023 (USD Million)
Table 60 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Mexico: Market, By End-User, 2016–2023 (USD Million)
Table 62 South America: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 63 South America: Market, By Fuel Type, 2016–2023 (USD Million)
Table 64 South America: Market, By Application, 2016–2023 (USD Million)
Table 65 South America: Market, By Equipment, 2016–2023 (USD Million)
Table 66 South America: Market, By Country, 2016–2023 (USD Million)
Table 67 Brazil: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 68 Argentina: Market, By End-User, 2016–2023 (USD Million)
Table 69 Chile: Market Size, By End-User, 2016–2023 (USD Million)
Table 70 The Rest of South America: Market, By End-User, 2016–2023 (USD Million)
Table 71 Europe: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 72 Europe: Market, By Fuel Type, 2016–2023 (USD Million)
Table 73 Europe: Market, By Application, 2016–2023 (USD Million)
Table 74 Europe: Market, By Equipment, 2016–2023 (USD Million)
Table 75 Europe: Market, By Country, 2016–2023 (USD Million)
Table 76 UK: Market, By End-User, 2016–2023 (USD Million)
Table 77 Germany: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 78 Russia: Market, By End-User, 2016–2023 (USD Million)
Table 79 Italy: Market, By End-User, 2016–2023 (USD Million)
Table 80 France: Market, By End-User, 2016–2023 (USD Million)
Table 81 Turkey: Market, By End-User, 2016–2023 (USD Million)
Table 82 Rest of Europe: Market, By End-User, 2016–2023 (USD Million)
Table 83 Middle East: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 84 Middle East: Market, By Fuel Type, 2016–2023 (USD Million)
Table 85 Middle East: Market, By Application, 2016–2023 (USD Million)
Table 86 Middle East: Market, By Country, 2016–2023 (USD Million)
Table 87 Middle East: Market, By Country, 2016–2023 (USD Million)
Table 88 Saudi Arabia: Market, By End-User, 2016–2023 (USD Million)
Table 89 UAE: Market, By End-User, 2016–2023 (USD Million)
Table 90 Iran: Market, By End-User, 2016–2023 (USD Million)
Table 91 Qatar: Market, By End-User, 2016–2023 (USD Million)
Table 92 OMAN: Market, By End-User, 2016–2023 (USD Million)
Table 93 Rest of the Middle East: Market, By End-User, 2016–2023 (USD Million)
Table 94 Africa: Power Rental Market, By End-User, 2016–2023 (USD Million)
Table 95 Africa: Market, By Fuel Type, 2016–2023 (USD Million)
Table 96 Africa: Market, By Application, 2016–2023 (USD Million)
Table 97 Africa: Market, By Equipment, 2016–2023 (USD Million)
Table 98 Africa: Market, By Country, 2016–2023 (USD Million)
Table 99 Algeria: Market, By End-User, 2016–2023 (USD Million)
Table 100 Egypt: Market, By End-User, 2016–2023 (USD Million)
Table 101 South Africa: Market, By End-User, 2016–2023 (USD Million)
Table 102 Nigeria: Market, By End-User, 2016–2023 (USD Million)
Table 103 Libya: Market, By End-User, 2016–2023 (USD Million)
Table 104 Mozambique: Market, By End-User, 2016–2023 (USD Million)
Table 105 The Rest of Africa: Market, By End-User, 2016–2023 (USD Million)
Table 106 Aggreko & APR Energy, the Most Active Players in the Market Between 2014 and September 2018


List of Figures (46 Figures)

Figure 1 Markets Covered: Power Rental Market
Figure 2 Geographic Scope
Figure 3 Power Rental Market: Research Design
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Estimation Approach & Data Triangulation Methodology
Figure 8 North America Held the Largest Share in the Power Rental Industry in 2017
Figure 9 Utilities Segment is Expected to Dominate the Power Rental Market From 2018 to 2023
Figure 10 501— 2,500 Kw Segment is Expected to Dominate the Market From 2018 to 2023
Figure 11 Generator Segment is Expected to Dominate the Power Rental Market From 2018 to 2023
Figure 12 Diesel Segment is Estimated to Dominate the Power Rental Industry in 2018
Figure 13 Peak Shaving Segment is Expected to Dominate the Power Rental Market During the Forecast Period
Figure 14 Attractive Opportunities in the Power Rental Market, 2018–2023
Figure 15 UAE is Expected to Grow at the Fastest Rate in the Global Power Rental Market During the Forecast Period
Figure 16 Utilities Segment to Dominate the Market in 2017
Figure 17 Standby Power Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 18 1,501 -2,000 Kw Segment is Estimated to Hold Largest Share of the Market in 2018
Figure 19 Diesel Segment is Expected to Dominate the Power Rental Market During the Forecast Period
Figure 20 Generator Segment is Expected to Dominate the Market During the Forecast Period
Figure 21 North America Accounted for the Largest Share of the Power Rental Industry in 2017
Figure 22 Market Dynamics for the Power Rental Market
Figure 23 Transmission and Distribution on Infrastructure Age, Relative to Use Life, Us,2017
Figure 24 Plant Type Distribution for Recent and Planned Retirement, 2017-2023
Figure 25 Power Rental Market, By End-User, 2018–2023
Figure 26 Power Rental Share (Value), By Application, 2017
Figure 27 Power Rental Share (Value), By Power Rating, 2018–2023
Figure 28 Power Rental Share (Value), By Generator Type, 2017
Figure 29 Generator Segment Expected to Be Prominent in the Power Rental Market, By Equipment, 2018–2023
Figure 30 Regional Snapshot: the African Market to Be the Fastest Growing Market, By Value, During the Forecast Period
Figure 31 Power Rental Industry Share (Value), By Region, 2018
Figure 32 North American Power Rental Industry Snapshot, 2017
Figure 33 African Power Rental Snapshot, 2017
Figure 34 Contracts & Agreements is the Most Widely Adopted Development Strategy Between 2014 and September 2018
Figure 35 Ranking of Key Players in Power Rental Industry in 2017
Figure 36 Caterpillar: Company Snapshot
Figure 37 Atlas Copco: Company Snapshot
Figure 38 Cummins: Company Snapshot
Figure 39 United Rentals: Company Snapshot
Figure 40 Ashtead Group, PLC: Company Snapshot
Figure 41 Aggreko, PLC: Company Snapshot
Figure 42 Hertz Equipment Rental Corporation: Company Snapshot
Figure 43 Generac Power Systems: Company Snapshot
Figure 44 Wacker Neuson Se: Company Snapshot
Figure 45 Wδrtsilδ Corporation: Company Snapshot
Figure 46 Speedy Hire PLC.: Company Snapshot

 The study involved 4 major activities in estimating the current size for the power rental market. An exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases

Primary Research

The power rental market comprises several stakeholders such as energy utilities, government and industry associations, institutional investors, power and energy associations, and power grid infrastructure companies in the supply chain. The demand side of this market is characterized by the development in the industry such as utilities, events, oil & gas, shipping, manufacturing, construction as the demand for power increases. The supply side is characterized by new product launches and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Power Rental Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the power rental market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size from estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying the various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, analyze, and forecast the global power rental market on the basis of fuel type, power rating, application, end-user, and region
  • To provide a detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders in the power rental market and draw a competitive landscape for market players
  • To benchmark players within the market using proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategy
  • To compare key market players with respect to market share, product specifications, and applications

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

Detailed analyses and profiling of additional market players (up to 5)

COVID-19

Get in-depth analysis of the COVID-19 impact on the Power Rental Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Power Rental Market

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Nov, 2018
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