Power Rental Market

Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power Rating (Up to 50 kW, 51–500 kW, 501-2500 kW, Above 2500 kW), Application, End User and Region - Global Forecast to 2027

Report Code: EP 3534 Mar, 2022, by marketsandmarkets.com

[272 Pages Report] The global power rental market is projected to reach USD 12.8 billion by 2027 from an estimated USD 9.8 billion in 2022, at a CAGR of 5.6% during the forecast period. The rapid expansion of the industrial sector along with the Surging demand for uninterrupted & reliable power supply is expected to drive the demand for the global power rental market.

Power Rental Market

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Impact of Covid-19 on Power rental Market

COVID-19 has unleashed a devastating blow to the global economy and the energy sector, disrupting supply chains while choking off demand. The COVID-19 pandemic has not only affected the healthcare sector worldwide but also impacted the global economy. It has had a substantial economic impact on various industrial sectors, such as manufacturing, power generation, renewables, nuclear, and oil & gas. The power rental has been intermediately affected by the outbreak of Covid-19 and economic slowdown caused by it.

Power rental Market Dynamics

Driver: Surging demand for uninterrupted & reliable power supply

According to the International Energy Outlook 2021 by Energy Information Administration (EIA), the global electricity demand is expected to increase by 1.4% per year on average until 2040. A major part of the growth is expected to occur in non-OECD countries, such as China and India. However, the short-term electricity demand in 2020 decreased by 5% as a consequence of COVID-19 and the resultant economic downturn. From 2010 to 2018, the global electricity production capacity grew at a faster rate, and the growth of the T&D network development has not kept pace with it, thereby resulting in reliability issues such as power outages and surges. Developing regions face more blackouts and power outages, whereas developed regions face more brownouts and voltage fluctuations.

Hurricanes, wildfires, ice storms, flooding, heat waves, and other extreme weather events are growing in number or intensity with climate change. Weather-related incidents are creating power outages in China, India, Japan, the US, and Australia. According to the EIA, electricity customers in the US experienced over 8 hours of electric power interruptions in 2020. In February 2021, an extreme winter storm event caused a massive electricity generation failure in Texas, which resulted in a loss of power for more than 4.5 million customers. Such power outages are increasing the demand for power backup solutions and uninterrupted and reliable power supply for catering to emergency needs.  

Data centers are the major end users of electrical power and distribution systems. According to IEA, the global data center electricity demand in 2020 was 200–250 TWh or about 1% of the global electricity demand. This excludes energy used for cryptocurrency mining, which was ~100 TWh in 2020. Data centers require a highly reliable power supply to ensure proper functioning. The loss of power for even a short period can cause disruptions in the functioning of businesses and result in financial loss. Therefore, the rising need for highly reliable mediums of power supply is boosting the demand for backup generator sets. The manufacturing sector is one of the major end users of generator sets. Its unprecedented growth in developing nations is one of the major drivers for the power rental market.

Restraint: stringent government regulations associated with generators

Diesel generators are used for a wide range of applications, particularly in above 50 kW power ratings. When diesel is burnt, it emits oxides of nitrogen, carbon monoxide, and particulate matter. These emissions are directly released into the atmosphere and deteriorate the environment as well as inhabitants. Several regulations have been implemented across the world to reduce air and noise pollution by generator sets. With growing environmental concerns, each country has come up with its own set of regulations and policies to reduce air pollution. For instance, the UAE pledged to limit emissions and increase the share of clean energy in the energy mix to 24% by 2021, up from 0.2% in 2014. In 2005, Canada pledged a 30% reduction in greenhouse gas emissions by 2030. Environmental regulations, policies, and subsidy schemes vary country-wise based on the intensity of emissions caused by harmful gases such as SOx, NOx, and CO2.

Stringent governmental norms have been imposed for diesel fuel globally to reduce emissions and meet environmental regulations. In 2014, the US EPA mandated that the diesel standard for non-road diesel engines must be ultra-low sulfur diesel (ULSD). The main challenge for generator manufacturers is to reduce emission levels while maintaining performance levels. In 2016, Caterpillar launched C175-16 IMO Tier-II and IMO Tier-III emissions certified gensets with diesel engines for the offshore industry to meet the emission norms. During 2017–21, several manufacturers launched new products that comply with these stringent standards. However, there are new rules for genset manufacturers with regard to obtaining approvals as well as for noise pollution. The main aim of the new standards is to control air and noise pollution originating from DG sets. Also, to attenuate or minimize the noise produced by the components of diesel generators, manufacturers should provide an acoustic enclosure. This acts as a major challenge for the emerging and local companies operating in this market.

Opportunity: Integration of power rental equipment with renewable energy

Countries across the world are trying to limit their carbon footprint, and many companies have come up with integrated renewable, as well as hybrid, power rental solutions, helping them achieve their emission targets. For instance, Aggreko has launched a product called Y-Cube that can store up to 1 MW of equivalent electrical power. Likewise, Atlas Copco offers hybrid energy generation systems that can generate electricity through solar and diesel power and can store the produced energy for the optimum utilization of resources. Similarly, Europe-based Bredenoord provides the Mobile Solar Power Plant, Big Battery Box, and Mini-Sun Box power rental solutions that use solar energy and store it in batteries for later usage.

Challenge: Increased operational expenditure of diesel generator due to high fuel price

Diesel generator sets have been one of the most popular backup power solutions for many end users such as manufacturing and oil & gas owing to their quick start-up time, low initial investments, less space requirement, and ease of installation and operation. However, diesel generator sets entail high operating costs, which is mainly on account of the high cost of fuel. Fuel costs account for over 80% of the total life cycle cost of a diesel generator set. This has made diesel a less cost-efficient solution for backup, especially in view of the drop in solar power prices.

The low initial cost was one of the key factors driving the adoption of diesel generator sets. However, the difference in the costs of diesel generator sets and solar and wind power systems has reduced significantly over the past few years. In addition, the increasing focus of statutory authorities on pollution control is expected to drive up the capital costs of diesel generator sets. The price of crude oil and diesel has also increased consistently over the past three years. Crude oil prices increased in 2021 as increasing COVID- 19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. Thus, with the rising diesel fuel prices and falling solar and wind power prices, diesel generator sets have become a less cost-competitive option for providing power backup.

Market Trends

Power Rental Market by Trends

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By fuel type, the natural gas segment has the fastest growth in the power rental market during the forecast period.

The natural gas segment is estimated to be the fastest-growing segment of the power rental market, by fuel type, from 2022 to 2027. Natural gas can be used to power emergency and portable generators and is considered one of the most affordable and effective fuels among the non-renewable resources for power generation. Also, gas generators are cheaper and more environment-friendly compared with diesel generators, as gas reduces harmful air pollutants and carbon emissions compared with diesel. Natural gas generators operate on LPG, compressed gas, propane, and others; and can be found in different sizes, ranging from portable to industrial. These generators are less costly and more environment friendly compared to diesel generators only below 150 KVA. However, as power rating increases, the cost of gas generators surpass the cost of similarly powered diesel generators. Additionally, for power ratings above 150 kVA, the cost of gas generators increases by 60–100% in comparison to diesel generators. Another key factor while operating a natural gas generator is its requirement of a well-developed gas distribution network, for a regular supply of natural gas to feed the generators. According to US EIA, in 2020, the gas transportation network in the US delivered about 27.7 trillion cubic feet (Tcf) of gas to about 77.3 million customers. Since these generators are more efficient and cleaner than diesel generators, helping reduce greenhouse gas emissions; this segment is expected to grow at the highest CAGR in the market during the forecast period.

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

The peak shaving segment is estimated to be the fastest-growing segment of the power rental market, by application, from 2022 to 2027. Since the demand for power is increasing throughout the world, the generation has to grow as well in order to compensate for it. This demand especially rises during the daytime in summer and during night time in the winter season. The instantaneous growth in the level of demanded power is termed as peak demand and it is a common problem wherein utilities fall short of this requirement, specifically in the developing regions. Peak demand charges are applied during peak operational hours. Peak shaving generators help organizations with huge electricity consumption to reduce their utility costs during peak hours. These charges also vary according to the region as well as season, whereas the rates are normal for the off-peak period. In such times, in a few countries, the cost of operating this generator is less compared to the peak utility cost. Hence, to cut down on electricity bills, consumers use generators for their power requirements during peak hours. Moreover, in a few countries, the cost of operating power rental equipment is less compared to the peak utility cost or investing in the development of a new power plant. By using power rental solutions, utilities can ensure grid stability by feeding instantaneous additional power to the grid as and when required. Additionally, this solution of additional power supply is economical for the utilities.

By rental type, the project rental segment is expected to grow at the fastest rate during the forecast period.

The project rental segment of the power rental market, by rental type, is estimated to grow at a faster rate from 2022 to 2027. The equipment and solutions offered by major rental companies on a rental basis, including power, heating, and cooling, across key sectors in emerging/developing markets for various end-use customers with longer-rental duration are considered under this segment. In the case of project rental, generators are rented for a long period of time, generally for the entire duration of the particular project. For instance, oil & gas and mining projects. On the other hand, in retail rental, generators are rented for a short duration, mainly for commercial purposes. Various applications such as base load/continuous power and stand-by power supply are majorly required in the developing regions, which can be attributed to the growth of this project rental type over time. For instance, in Arad, Romania, a local utility was provided with 2 1 MW batteries for over a period of 36 months along with various other equipment such as diesel generators, gas generators, cables, and more. This impacted the surroundings of the utility in a positive manner by limiting the carbon emissions and providing heated water and electricity at economical prices.

North America: Key market for power rental market during the forecast period.

In this report, the power rental has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and Middle East & Africa. North America is expected to continue to dominate the power rental market during the forecast period, owing to factors such as increasing investments in the oil & gas, construction, and mining industries. Countries such as the US and Canada are the fastest-growing markets in the North American region. North America has a population of almost 530 million and an economy representing more than 25% of the world’s GDP. According to International Monetary Fund (IMF), the North American economy is expected to grow by approximately 5% in 2022. It is one of the major industrialized regions of the world. Additionally, the increased investments in the mining and related exploration activities in the region are also driving the requirement for power rental equipment during the forecast duration.

Power Rental Market by Region

Key Market Players

The global power rental market is dominated by a few global players, including Aggreko (UK), United Rentals (US), Caterpillar (US), Herc Rental (US), Ashtead Group (UK), and Atlas Copco (Sweden). Other major players in the market include Cummins (US), Bredenoord (UK), Kohler (US), Multiquip (US), SoEnergy (US), Allmand Brothers (US), Generac Power (US), Wacker Neuson (Germany), and more. New product launches, contracts, and agreements are among the key growth strategies adopted by some of the leading companies to increase their market shares and expand their geographic presence.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD)

Segments covered

Fuel type, power rating, end-user, rental type, equipment, application, and region

Geographies covered

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

Companies covered

Aggreko Plc (UK), Ashtead group Plc (UK), United rentals Inc ( US), Atlas copco (Sweden), Caterpillar Inc (US), Cumminc Inc (US), HERC Rentals (US), Generac holding Inc (US), Wartsila (Finland), Kohler Co (US), Soenergy international (US), Bredenoord (Netherlands), Allmand brothers Inc (US), Multiquip Inc (US), J&J Equipment rental & sales (US), Ahren rentals (US), One source rentals (US), DIR Rentals (US), APR Energy(US), Alfaris group (Dubai), Shenton group (UK), Propower rental (US), and Yanmar (Osaka).

This research report categorizes the power rental market Fuel type, power rating, end-user, rental type, equipment, application, and region

On the basis of by Fuel type, the market has been segmented as follows:

  • Diesel
  • Natural gas
  • Others

On the basis of by application, the market has been segmented as follows:

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

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

  • Generators
  • Transformers
  • Load Banks
  • Others

On the basis of by end-users, the market has been segmented as follows:

  • Utilities
  • Oil & gas
  • Construction
  • Manufacturing
  • Metal & Mining
  • IT and Data centers
  • Corporate & Retail
  • Events
  • Others

On the basis of by rental type, the market has been segmented as follows:

  • Retail Rental
  • Project Rental

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

  • Up to 50 kW
  • 51 kW – 500 kW
  • 501 kW – 2500 kW
  • Above 2500 kW

On the basis of region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In November 2021, Caterpillar Inc. announced a three-year project through collaboration with Microsoft and Ballard Power Systems to demonstrate a power system incorporating large-format hydrogen fuel cells to produce reliable and sustainable backup power for Microsoft data centers.
  • In June 2021, the first hydrogen power generation units piloted at the Aggreko Plc depot in Moerdijk, Netherlands for use in temporary power applications.
  • In April 2021: Atlas Copco introduced ZBC, the latest model in its lithium-ion energy storage system range called ZenergiZe. It can be used as a standalone source, combined with generators to make a hybrid power solution or renewable sources of energy as well as to create Microgrids.
  • In August 2020: Aggreko signed a contract to deliver three temporary power generators for the pro women’s golf in Scotland.
  • In May 2019: Bredenoord expanded its rental fleet with extra Big Battery Boxes, adding up to 4.5 MWh battery capacity.
  • In February 2019: Pramac (a subsidiary of Generac) acquired majority stakes in an Indian generator manufacturer called Captiva Energy Solutions. Captiva Energy manufactured, sold, and rented generators for various applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 POWER RENTAL MARKET, BY END USER: INCLUSIONS & EXCLUSIONS
           1.2.2 MARKET, BY FUEL TYPE: INCLUSIONS & EXCLUSIONS
           1.2.3 MARKET, BY POWER RATING: INCLUSIONS & EXCLUSIONS
           1.2.4 MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
           1.2.5 MARKET, BY EQUIPMENT: INCLUSIONS & EXCLUSIONS
           1.2.6 MARKET, BY RENTAL TYPE: INCLUSIONS & EXCLUSIONS
    1.3 MARKETS COVERED
           FIGURE 1 MARKETS COVERED: POWER RENTAL MARKET
           FIGURE 2 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 3 POWER RENTAL MARKET: RESEARCH DESIGN
           FIGURE 4 MARKET: DATA TRIANGULATION
    2.2 SECONDARY DATA
           2.2.1 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 KEY DATA FROM PRIMARY SOURCES
           2.3.2 BREAK-UP OF PRIMARIES
    2.4 SCOPE
           FIGURE 5 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR POWER RENTAL SOLUTIONS
    2.5 MARKET SIZE ESTIMATION
           2.5.1 DEMAND-SIDE ANALYSIS
                    FIGURE 6 YEAR-ON-YEAR CAPACITY ADDITION OF POWER RENTAL TECHNOLOGY ACROSS COUNTRIES IS KEY DETERMINING FACTOR FOR MARKET SIZE ESTIMATION
                    2.5.1.1 Key assumptions
                    2.5.1.2 Calculation
           2.5.2 FORECAST
           2.5.3 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 YEAR-ON-YEAR REVENUE OF COMPANIES PROVIDING POWER RENTAL EQUIPMENT ACROSS REGIONS IS KEY DETERMINING FACTOR
                    2.5.3.1 Supply-side calculation
           FIGURE 8 SUPPLY-SIDE CALCULATION ILLUSTRATION

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 GLOBAL POWER RENTAL MARKET SNAPSHOT
    FIGURE 9 NORTH AMERICA HELD LARGEST SHARE OF MARKET IN 2021
    FIGURE 10 UTILITIES SEGMENT IS EXPECTED TO DOMINATE MARKET FROM 2022 TO 2027
    FIGURE 11 501–2,500 KW SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF MARKET FROM 2022 TO 2027
    FIGURE 12 GENERATORS SEGMENT IS EXPECTED TO CAPTURE LARGEST SIZE OF MARKET FROM 2022 TO 2027
    FIGURE 13 DIESEL SEGMENT TO CAPTURE LARGEST SIZE OF MARKET IN 2022
    FIGURE 14 BASE LOAD/CONTINUOUS POWER SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
    FIGURE 15 RETAIL RENTAL SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES IN POWER RENTAL MARKET, 2022–2027
           FIGURE 16 FREQUENT POWER OUTAGES AND SURGING DEMAND FOR UNINTERRUPTED & RELIABLE POWER SUPPLY TO DRIVE GROWTH OF MARKET
    4.2 POWER RENTAL MARKET, BY REGION
           FIGURE 17 ASIA PACIFIC IS EXPECTED TO GROW AT FASTEST RATE IN GLOBAL MARKET DURING FORECAST PERIOD
    4.3 MARKET, BY END USER
           FIGURE 18 UTILITIES SEGMENT HELD LARGEST MARKET SHARE IN 2021
    4.4 MARKET, BY APPLICATION
           FIGURE 19 BASELOAD/ CONTINUOUS POWER SEGMENT DOMINATED MARKET IN 2021
    4.5 MARKET, BY POWER RATING
           FIGURE 20 501–2,000 KW SEGMENT HELD LARGEST SHARE OF MARKET IN 2021
    4.6 MARKET, BY FUEL TYPE
           FIGURE 21 DIESEL SEGMENT IS EXPECTED TO DOMINATE POWER RENTAL MARKET DURING FORECAST PERIOD 2021
    4.7 MARKET, BY EQUIPMENT
           FIGURE 22 GENERATORS SEGMENT IS EXPECTED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021
    4.8 MARKET, BY RENTAL TYPE
           FIGURE 23 RETAIL RENTAL SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 24 MARKET DYNAMICS FOR POWER RENTAL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rapid industrialization in developing economies of Asia Pacific
                               FIGURE 25 GREENFIELD PROJECT INVESTMENTS FOR MANUFACTURING AND CHEMICALS & CHEMICAL PRODUCTS IN ASIA, 2016–2020
                    5.2.1.2 Surging demand for uninterrupted and reliable power supply
                               FIGURE 26 AVERAGE DURATION OF TOTAL ANNUAL POWER INTERRUPTIONS IN US, 2013–2020
                    5.2.1.3 Growing need for electrification and continuous power supply in developing regions
                               TABLE 2 GLOBAL ELECTRICITY ACCESS RATE, 2019
           5.2.2 RESTRAINTS
                    5.2.2.1 Growing adoption of renewable energy sources and energy storage technologies
                               FIGURE 27 INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–2050
                               FIGURE 28 INSTALLATION OF BATTERY STORAGE CAPACITY, 2020–2050
                    5.2.2.2 Stringent government regulations associated with generators
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of power rental equipment with renewable energy sources
                               FIGURE 29 GLOBAL INVESTMENT IN POWER SECTOR, BY TECHNOLOGY, 2016–2021
                    5.2.3.2 Technological advancements in power rental equipment for operations enhancement
           5.2.4 CHALLENGES
                    5.2.4.1 Increased operating expenditure of diesel generators owing to high fuel prices
                               FIGURE 30 CRUDE OIL SPOT PRICES, JANUARY 2018–JANUARY 2022
                    5.2.4.2 Raw material and component shortage and sudden fluctuation in demand for power rental equipment
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 31 POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 33 KEY BUYING CRITERIA FOR TOP 4 END USER
                    TABLE 5 KEY BUYING CRITERIA, BY POWER RATING
    5.5 COVID-19 IMPACT ANALYSIS
           5.5.1 COVID-19 HEALTH ASSESSMENT
                    FIGURE 34 COVID-19 GLOBAL PROPAGATION
                    FIGURE 35 COVID-19 PROPAGATION IN SELECTED COUNTRIES
           5.5.2 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 36 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.6 AVERAGE SELLING PRICE TREND
           FIGURE 37 GLOBAL AVERAGE 24 HOURS RENTAL PRICE OF GENERATORS, 2021
    5.7 VALUE CHAIN ANALYSIS
           FIGURE 38 VALUE CHAIN ANALYSIS: POWER RENTAL MARKET
           5.7.1 COMPONENT MANUFACTURES
           5.7.2 EQUIPMENT MANUFACTURERS/ASSEMBLERS
           5.7.3 END USERS
           5.7.4 MAINTENANCE AND REPAIRS
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 DIRECT POWER INSTALLATION TECHNOLOGY
           5.8.2 POWER MANAGEMENT SYSTEMS
           5.8.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS
    5.9 KEY CONFERENCES & EVENTS TO BE HELD DURING 2022–2023
           TABLE 6 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.10 MARKET MAP
           FIGURE 39 MARKET MAP: POWER RENTAL MARKET
    5.11 CASE STUDY ANALYSIS
           5.11.1 APRIL 2020: MEMS PROVIDED POWER SUPPLY TO NHS NIGHTINGALE HOSPITAL IN LONDON IN SHORT SPAN DURING COVID-19
           5.11.2 DECEMBER 2019: AGGREKO PROVIDED POWER RENTAL SOLUTIONS FOR 4 MW OFF-GRID GAS PLANT FOR MINE REOPENING
           5.11.3 JANUARY 2021: PR POWER PROVIDED POWER RENTAL EQUIPMENT IN SHORT SPAN IN WESTERN AUSTRALIA
    5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.12.1 REVENUE SHIFT AND NEW REVENUE POCKETS
                     FIGURE 40 REVENUE SHIFT FOR POWER RENTAL
    5.13 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 7 POWER EQUIPMENT: INNOVATIONS AND PATENT REGISTRATIONS, 2017–2021
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 CODES AND REGULATIONS RELATED TO POWER RENTAL EQUIPMENT
                    TABLE 13 NORTH AMERICA: CODES AND REGULATIONS
                    TABLE 14 ASIA PACIFIC: CODES AND REGULATIONS
                    TABLE 15 REST OF THE WORLD: CODES AND REGULATIONS
                    TABLE 16 GLOBAL: CODES AND REGULATIONS
    5.14 TRADE DATA STATISTICS
           TABLE 17 GLOBAL IMPORT DATA OF GENERATORS, 2018–2020 (USD MILLION)
           TABLE 18 GLOBAL EXPORT DATA OF GENERATORS, 2018–2020 (USD MILLION)
    5.15 TARIFFS, CODES, AND REGULATIONS
           TABLE 19 RESIDENTIAL ELECTRICITY PRICES IN SELECTED ECONOMIES, 2018
           5.15.1 TARIFFS RELATED TO GENERATORS
                    TABLE 20 IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT < 75 KVA
                    TABLE 21 IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA
                    TABLE 22 IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA
                    TABLE 23 IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT > 750 KVA

6 POWER RENTAL MARKET, BY FUEL TYPE (Page No. - 106)
    6.1 INTRODUCTION
           FIGURE 41 POWER RENTAL MARKET SHARE, BY FUEL TYPE, 2021
           TABLE 24 MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
    6.2 DIESEL
           6.2.1 EASY AVAILABILITY AND STORAGE OF DIESEL ARE DRIVING DIESEL SEGMENT
                    TABLE 25 DIESEL: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 NATURAL GAS
           6.3.1 EXPANDING GAS DISTRIBUTION NETWORK TO DRIVE GROWTH OF NATURAL GAS SEGMENT DURING FORECAST PERIOD
                    TABLE 26 NATURAL GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.4 OTHERS
           TABLE 27 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)


7 POWER RENTAL MARKET, BY POWER RATING (Page No. - 111)
    7.1 INTRODUCTION
           FIGURE 42 POWER RENTAL MARKET SHARE, BY POWER RATING, 2021
           TABLE 28 MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
    7.2 UP TO 50 KW
           7.2.1 UP TO 50 KW POWER RENTAL EQUIPMENT ARE COMPACT AND PORTABLE
                    TABLE 29 UP TO 50 KW: MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.3 51 KW–500 KW
           7.3.1 GENERATORS IN 51 KW–500 KW POWER RATING CATEGORY ARE MOSTLY USED IN CONSTRUCTION AND OIL & GAS INDUSTRIES
                    TABLE 30 51 KW–500 KW: MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.4 501 KW–2,500 KW
           7.4.1 501–2,500 KW GENERATORS ARE MAINLY USED TO PROVIDE STANDBY POWER
                    TABLE 31 501 KW–2,500 KW: MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.5 ABOVE 2,500 KW
           7.5.1 ABOVE 2,500 KW GENERATORS ARE USED FOR UNINTERRUPTED POWER SUPPLY IN MINING AND OFFSHORE OIL & GAS OPERATIONS
                    TABLE 32 ABOVE 2,500 KW: MARKET, BY REGION, 2020–2027 (USD MILLION)

8 POWER RENTAL MARKET, BY APPLICATION (Page No. - 116)
    8.1 INTRODUCTION
           FIGURE 43 POWER RENTAL MARKET SHARE, BY APPLICATION, 2021
           TABLE 33 MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    8.2 PEAK SHAVING
           8.2.1 NEED TO REDUCE UTILITY COSTS DRIVES DEMAND FOR PEAK SHAVING
                    TABLE 34 PEAK SHAVING: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 STANDBY POWER
           8.3.1 REQUIREMENT OF POWER DURING GRID OUTAGE IS DRIVING DEMAND FOR STANDBY POWER
                    TABLE 35 STANDBY POWER: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.4 BASE LOAD/CONTINUOUS POWER
           8.4.1 INCREASING DEMAND FROM UTILITIES AND MINING END USERS IS DRIVING BASE LOAD/CONTINUOUS POWER SEGMENT
                    TABLE 36 BASE LOAD/CONTINUOUS POWER: MARKET, BY REGION, 2020–2027 (USD MILLION)

9 POWER RENTAL MARKET, BY EQUIPMENT (Page No. - 121)
    9.1 INTRODUCTION
           FIGURE 44 POWER RENTAL MARKET SHARE, BY EQUIPMENT, 2021
           TABLE 37 MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
    9.2 GENERATORS
           9.2.1 GENERATORS ARE USED FOR STANDBY POWER APPLICATIONS IN TELECOM, DATA CENTER, AND OTHER INDUSTRIES
                    TABLE 38 GENERATORS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.3 TRANSFORMERS
           9.3.1 INCREASING DEMAND FOR UTILITY-SCALE TEMPORARY POWER PLANTS IS DRIVING TRANSFORMERS MARKET
                    TABLE 39 TRANSFORMERS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.4 LOAD BANKS
           9.4.1 INCREASING NUMBER OF POWER PLANT INSTALLATIONS WORLDWIDE IS FUELING DEMAND FOR LOAD BANKS
                    TABLE 40 LOAD BANKS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.5 OTHERS
           TABLE 41 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)

10 POWER RENTAL MARKET, BY END USER (Page No. - 127)
     10.1 INTRODUCTION
           FIGURE 45 POWER RENTAL MARKET, BY END USER, 2021
           TABLE 42 MARKET, BY END USER, 2020–2027 (USD MILLION)
     10.2 UTILITIES
             10.2.1 INCREASING REQUIREMENT FOR CONTINUOUS POWER IS DRIVING DEMAND FOR POWER RENTAL SOLUTIONS FROM UTILITIES
                        TABLE 43 UTILITIES: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.3 OIL & GAS
             10.3.1 GROWING OIL AND GAS EXPLORATIONS IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS
                        TABLE 44 OIL & GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.4 MINING & METALS
             10.4.1 GROWING EXPLORATION OF METALS & MINERALS THROUGH MINING IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS
                        TABLE 45 MINING & METALS: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.5 MANUFACTURING
             10.5.1 INCREASING INVESTMENT IN MANUFACTURING SECTOR IN ASIA PACIFIC IS DRIVING MARKET
                        TABLE 46 MANUFACTURING: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.6 CONSTRUCTION
             10.6.1 INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTHEAST ASIAN COUNTRIES EXPECTED TO PROPEL MARKET GROWTH
                        TABLE 47 CONSTRUCTION: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.7 IT & DATA CENTERS
             10.7.1 INCREASING NUMBER OF DATA CENTRES IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS
                        TABLE 48 IT & DATA CENTERS: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.8 CORPORATE & RETAIL
             10.8.1 MASSIVE INVESTMENTS IN CORPORATE SECTOR BY BOTH PUBLIC AND PRIVATE ENTERPRISES IS EXPECTED TO PROPEL MARKET GROWTH
                        TABLE 49 CORPORATE & RETAIL: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.9 EVENTS
             10.9.1 GROWING NUMBER OF PUBLIC EVENTS IS BOOSTING DEMAND FOR POWER RENTAL SOLUTIONS
                        TABLE 50 EVENTS: MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.10 OTHERS
             TABLE 51 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)

11 POWER RENTAL MARKET, BY RENTAL TYPE (Page No. - 137)
     11.1 INTRODUCTION
             FIGURE 46 POWER RENTAL MARKET SHARE, BY RENTAL TYPE, 2021
             TABLE 52 MARKET, BY RENTAL TYPE, 2020–2027(USD MILLION)
     11.2 RETAIL RENTAL
             11.2.1 REQUIREMENT FOR CONTINUOUS POWER SUPPLY DURING PEAK HOURS AND POWER OUTAGES IS DRIVING MARKET
                        TABLE 53 RETAIL RENTAL: MARKET, BY REGION, 2020–2027 (USD MILLION)
     11.3 PROJECT RENTAL
             11.3.1 DEMAND FOR RENTAL POWER FROM UTILITIES AND OTHER LONG-DURATION USERS IS PROPELLING MARKET GROWTH
                        TABLE 54 PROJECT RENTAL: MARKET, BY REGION, 2020–2027(USD MILLION)

12 REGIONAL ANALYSIS (Page No. - 141)
     12.1 INTRODUCTION
             FIGURE 47 REGIONAL SNAPSHOT: ASIA PACIFIC TO BE FASTEST-GROWING MARKET, BY VALUE, DURING FORECAST PERIOD
             FIGURE 48 POWER RENTAL MARKET SHARE (VALUE), BY REGION, 2021
             TABLE 55 MARKET, BY REGION, 2020–2027 (USD MILLION)
     12.2 ASIA PACIFIC
             FIGURE 49 SNAPSHOT: MARKET IN ASIA PACIFIC
             12.2.1 BY FUEL TYPE
                        TABLE 56 ASIA PACIFIC: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             12.2.2 BY POWER RATING
                        TABLE 57 ASIA PACIFIC: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             12.2.3 BY APPLICATION
                        TABLE 58 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             12.2.4 BY END USER
                        TABLE 59 ASIA PACIFIC: MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.2.5 BY RENTAL TYPE
                        TABLE 60 ASIA PACIFIC: MARKET, BY RENTAL TYPE, 2020–2027 (USD MILLION)
             12.2.6 BY EQUIPMENT
                        TABLE 61 ASIA PACIFIC: MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
             12.2.7 BY COUNTRY
                        TABLE 62 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.2.7.1 China
                                     12.2.7.1.1 Rise in energy demand due to rapid urbanization and industrialization to create market growth opportunities
                                                    TABLE 63 CHINA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.2 India
                                     12.2.7.2.1 Increased need for reliable electricity and rapid economic growth to drive market
                                                    TABLE 64 INDIA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.3 Australia
                                     12.2.7.3.1 Increased construction and mining activities to accelerate market growth
                                                    TABLE 65 AUSTRALIA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.4 Japan
                                     12.2.7.4.1 High demand from utilities due to renovation of grid infrastructure to drive market
                                                    TABLE 66 JAPAN: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.5 South Korea
                                     12.2.7.5.1 Rising investments in manufacturing and marine industries in South Korea to drive market growth
                                                    TABLE 67 SOUTH KOREA: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.6 Bangladesh
                                     12.2.7.6.1 Expanding manufacturing sector and weak T&D infrastructure drive market growth
                                                    TABLE 68 BANGLADESH: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.7 Rest of Asia Pacific
                                     TABLE 69 REST OF ASIA PACIFIC: MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.3 NORTH AMERICA
             FIGURE 50 SNAPSHOT: MARKET IN NORTH AMERICA
             12.3.1 BY FUEL TYPE
                        TABLE 70 NORTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             12.3.2 BY POWER RATING
                        TABLE 71 NORTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             12.3.3 BY APPLICATION
                        TABLE 72 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             12.3.4 BY END USER
                        TABLE 73 NORTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.3.5 BY RENTAL TYPE
                        TABLE 74 NORTH AMERICA: MARKET, BY RENTAL TYPE, 2020–2027 (USD MILLION)
             12.3.6 BY EQUIPMENT
                        TABLE 75 NORTH AMERICA: MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
             12.3.7 BY COUNTRY
                        TABLE 76 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.3.7.1 US
                                     12.3.7.1.1 Increasing investment in construction, oil & gas exploration, and mining activities driving power rental market
                                                    TABLE 77 US: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.3.7.2 Canada
                                     12.3.7.2.1 Rising initiation of new mining and construction projects to boost market growth
                                                    TABLE 78 CANADA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.3.7.3 Mexico
                                     12.3.7.3.1 Increasing investments in oil & gas industry and data centers is propelling market growth
                                                    TABLE 79 MEXICO: MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.4 MIDDLE EAST & AFRICA
             12.4.1 BY FUEL TYPE
                        TABLE 80 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             12.4.2 BY POWER RATING
                        TABLE 81 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             12.4.3 BY APPLICATION
                        TABLE 82 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             12.4.4 BY END USER
                        TABLE 83 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.4.5 BY RENTAL TYPE
                        TABLE 84 MIDDLE EAST & AFRICA: MARKET, BY RENTAL TYPE, 2020–2027 (USD MILLION)
             12.4.6 BY EQUIPMENT
                        TABLE 85 MIDDLE EAST & AFRICA: MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
             12.4.7 BY COUNTRY
                        TABLE 86 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.4.7.1 Saudi Arabia
                                     12.4.7.1.1 Rising investment in oil & gas sector and data centers is favoring market growth
                                                    TABLE 87 SAUDI ARABIA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.2 UAE
                                     12.4.7.2.1 Demand from construction, oilfields, and manufacturing sectors leading to growth of power rental market
                                                    TABLE 88 UAE: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.3 Qatar
                                     12.4.7.3.1 Events and construction industries are expected to drive power rental market
                                                    TABLE 89 QATAR: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.4 Nigeria
                                     12.4.7.4.1 High dependence on rental generators to provide continued power supply substantiates market growth
                                                    TABLE 90 NIGERIA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.5 South Africa
                                     12.4.7.5.1 Increasing investment in mining sector to fuel demand for power rental solutions
                                                    TABLE 91 SOUTH AFRICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.6 Rest of Middle East & Africa
                                     TABLE 92 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.5 EUROPE
             12.5.1 BY FUEL TYPE
                        TABLE 93 EUROPE: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             12.5.2 BY POWER RATING
                        TABLE 94 EUROPE: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             12.5.3 BY APPLICATION
                        TABLE 95 EUROPE: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             12.5.4 BY END USER
                        TABLE 96 EUROPE: MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.5.5 BY RENTAL TYPE
                        TABLE 97 EUROPE: MARKET, BY RENTAL TYPE, 2020–2027 (USD MILLION)
             12.5.6 BY EQUIPMENT
                        TABLE 98 EUROPE: MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
             12.5.7 BY COUNTRY
                        TABLE 99 EUROPE: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.5.7.1 UK
                                     12.5.7.1.1 Rapid industrialization is expected to drive power rental market in UK
                                                    TABLE 100 UK: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.2 Russia
                                     12.5.7.2.1 Surging investments in oil & gas and mining sectors to accelerate power rental market growth in Russia
                                                    TABLE 101 RUSSIA: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.3 Germany
                                     12.5.7.3.1 Need for reliable backup power in manufacturing, data center, and construction sectors to boost market growth
                                                    TABLE 102 GERMANY: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.4 Italy
                                     12.5.7.4.1 Increasing focus on developments and events is expected to drive power rental market
                                                    TABLE 103 ITALY: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.5 France
                                     12.5.7.5.1 Demand for power rental solutions in mining sector and major events is fueling market growth
                                                    TABLE 104 FRANCE: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.6 Rest of Europe
                                     TABLE 105 REST OF EUROPE: MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.6 SOUTH AMERICA
             12.6.1 BY FUEL TYPE
                        TABLE 106 SOUTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             12.6.2 BY POWER RATING
                        TABLE 107 SOUTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             12.6.3 BY APPLICATION
                        TABLE 108 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             12.6.4 BY END USER
                        TABLE 109 SOUTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.6.5 BY RENTAL TYPE
                        TABLE 110 SOUTH AMERICA: MARKET, BY RENTAL TYPE, 2020–2027 (USD MILLION)
             12.6.6 BY EQUIPMENT
                        TABLE 111 SOUTH AMERICA: MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)
             12.6.7 BY COUNTRY
                        TABLE 112 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.6.7.1 Brazil
                                     12.6.7.1.1 Increasing investments in mining sector and expansion of data centers propel demand for power rental solutions
                                                   TABLE 113 BRAZIL: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.6.7.2 Argentina
                                     12.6.7.2.1 Investments in oil & gas, mining, and manufacturing industries to fuel demand for power rental equipment
                                                   TABLE 114 ARGENTINA: MARKET BY END USER, 2020–2027 (USD MILLION)
                        12.6.7.3 Chile
                                     12.6.7.3.1 Developments in infrastructure and mining sectors to augment market growth
                                                   TABLE 115 CHILE: MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.6.7.4 Rest of South America
                                    TABLE 116 REST OF SOUTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 187)
     13.1 KEY PLAYERS STRATEGIES
             TABLE 117 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022
     13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 118 POWER RENTAL MARKET: DEGREE OF COMPETITION
             FIGURE 51 MARKET SHARE ANALYSIS, 2020
     13.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
             FIGURE 52 TOP PLAYERS IN MARKET FROM 2016 TO 2020
     13.4 COMPETITIVE LEADERSHIP MAPPING
             13.4.1 STAR
             13.4.2 EMERGING LEADER
             13.4.3 PERVASIVE
             13.4.4 PARTICIPANT
                        FIGURE 53 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     13.5 START-UP/SME EVALUATION QUADRANT, 2021
             13.5.1 PROGRESSIVE COMPANIES
             13.5.2 RESPONSIVE COMPANIES
             13.5.3 DYNAMIC COMPANIES
             13.5.4 STARTING BLOCKS
                        FIGURE 54 POWER RENTAL MARKET: START-UP/SME EVALUATION QUADRANT, 2020
                        TABLE 119 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 120 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.6 POWER RENTAL MARKET: COMPANY FOOTPRINT
             TABLE 121 POWER RATING: COMPANY POWER RATING FOOTPRINT
             TABLE 122 FUEL TYPE: COMPANY FUEL TYPE FOOTPRINT
             TABLE 123 END USER: COMPANY END USER FOOTPRINT
             TABLE 124 REGION: COMPANY REGION FOOTPRINT
             TABLE 125 COMPANY FOOTPRINT
     13.7 COMPETITIVE SCENARIO
             TABLE 126 POWER RENTAL MARKET: PRODUCT LAUNCHES, JANUARY 2018–JANUARY 2022
             TABLE 127 MARKET: DEALS, JANUARY 2018–JANUARY 2022
             TABLE 128 MARKET: OTHERS, JANUARY 2018–JANUARY 2022

14 COMPANY PROFILES (Page No. - 206)
     14.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
             14.1.1 AGGREKO PLC
                        TABLE 129 AGGREKO PLC: BUSINESS OVERVIEW
                        FIGURE 55 AGGREKO PLC: COMPANY SNAPSHOT, 2020
                        TABLE 130 AGGREKO PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 131 AGGREKO PLC: PRODUCT LAUNCHES
                        TABLE 132 AGGREKO PLC: DEALS
                        TABLE 133 AGGREKO PLC: OTHERS
             14.1.2 ASHTEAD GROUP PLC
                        TABLE 134 ASHTEAD GROUP PLC: BUSINESS OVERVIEW
                        FIGURE 56 ASHTEAD GROUP PLC: COMPANY SNAPSHOT, 2021
                        TABLE 135 ASHTEAD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 136 ASHTEAD GROUP PLC: OTHERS
             14.1.3 UNITED RENTALS INC
                        TABLE 137 UNITED RENTALS INC: BUSINESS OVERVIEW
                        FIGURE 57 UNITED RENTALS INC: COMPANY SNAPSHOT, 2021
                        TABLE 138 UNITED RENTALS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 139 UNITED RENTALS INC: DEALS
                        TABLE 140 UNITED RENTALS INC: OTHERS
             14.1.4 ATLAS COPCO
                        TABLE 141 ATLAS COPCO: BUSINESS OVERVIEW
                        FIGURE 58 ATLAS COPCO: COMPANY SNAPSHOT, 2020
                        TABLE 142 ATLAS COPCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 143 ATLAS COPCO: PRODUCT LAUNCHES
                        TABLE 144 ATLAS COPCO: DEALS
                        TABLE 145 ATLAS COPCO: OTHERS
             14.1.5 CATERPILLAR INC.
                        TABLE 146 CATERPILLAR INC: BUSINESS OVERVIEW
                        FIGURE 59 CATERPILLAR INC: COMPANY SNAPSHOT, 2020
                        TABLE 147 CATERPILLAR INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 148 CATERPILLAR INC: DEALS
                        TABLE 149 CATERPILLAR INC: OTHERS
             14.1.6 CUMMINS INC.
                        TABLE 150 CUMMINS INC.: BUSINESS OVERVIEW
                        FIGURE 60 CUMMINS INC.: COMPANY SNAPSHOT, 2021
                        TABLE 151 CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 152 CUMMINS INC.: PRODUCT LAUNCHES
                        TABLE 153 HERC RENTALS: BUSINESS OVERVIEW
                        FIGURE 61 HERC RENTALS: COMPANY SNAPSHOT, 2020
                        TABLE 154 HERC RENTALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.8 GENERAC HOLDINGS INC.
                        TABLE 155 GENERAC HOLDINGS INC.: BUSINESS OVERVIEW
                        FIGURE 62 GENERAC HOLDINGS INC.: COMPANY SNAPSHOT, 2020
                        TABLE 156 GENERAC HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 157 GENERAC HOLDINGS INC: PRODUCT LAUNCHES
                        TABLE 158 GENERAC HOLDINGS INC: DEALS
                        TABLE 159 GENERAC HOLDINGS INC.: OTHERS
             14.1.9 WACKER NEUSON
                        TABLE 160 WACKER NEUSON: BUSINESS OVERVIEW
                        FIGURE 63 WACKER NEUSON: COMPANY SNAPSHOT, 2020
                        TABLE 161 WACKER NEUSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 162 WACKER NEUSON: PRODUCT LAUNCHES
                        TABLE 163 WACKER NEUSON: OTHERS
             14.1.10 KOHLER CO
                        TABLE 164 KOHLER CO: BUSINESS OVERVIEW
                        TABLE 165 KOHLER CO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.11 SOENERGY INTERNATIONAL
                        TABLE 166 SOENERGY INTERNATIONAL: BUSINESS OVERVIEW
                        TABLE 167 SOENERGY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 168 SOENERGY INTERNATIONAL: OTHERS
             14.1.12 BREDENOORD
                        TABLE 169 BREDENOORD: BUSINESS OVERVIEW
                        TABLE 170 BREDENOORD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 171 BREDENOORD: PRODUCT LAUNCHES
                        TABLE 172 BREDENOORD: DEALS
                        TABLE 173 BREDENOORD: OTHERS
             14.1.13 ALLMAND BROTHERS INC.
                        TABLE 174 ALLMAND BROTHERS INC.: BUSINESS OVERVIEW
                        TABLE 175 ALLMAND BROTHERS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 MULTIQUIP INC
                        TABLE 176 MULTIQUIP INC: BUSINESS OVERVIEW
                        TABLE 177 MULTIQUIP INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.15 OTHER KEY PLAYERS
                        14.1.15.1 J&J equipment rentals & sales
                        14.1.15.2 Ahern rentals
                        14.1.15.3 One source rentals
                        14.1.15.4 D.I.Y. rentals
                        14.1.15.5 APR energy
                        14.1.15.6 AL Faris Group
                        14.1.15.7 Shenton group
                        14.1.15.8 ProPower Rental
                        14.1.15.9 Yanmar
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

15 APPENDIX (Page No. - 264)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

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

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as industry publications, several newspaper articles, Statista Industry Journal, Factiva, and environment journal to identify and collect information useful for a technical, market-oriented, and commercial study of the power rental market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The Power rental market comprises several stakeholders such as Generator rental companies, Distributors, Power rental providers, Government and research organizations, Construction equipment rental association, American rental association Generator manufacturers, Mining companies, Power generation companies, Raw material suppliers and Oil & gas operators. The demand side of the market is characterized by increased investment in the construction, mining & metals and oil & gas sector. The supply side is characterized by investments & expansion and, partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Power Rental Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global power rental market and its dependent submarkets. These methods were also extensively used 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 market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and 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 the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to estimate the size of the global power rental market after COVID-19’s impact and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define and describe the power rental market based on fuel type, power rating, end-user, rental type, equipment, application, and region
  • To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze each segment/subsegment of the market with respect to individual growth trends, future expansions, and their contributions to the market
  • To analyze growth opportunities for stakeholders and the competitive landscape for market leaders 
  • To forecast the growth of the market with respect to six main regions—the North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
  • To strategically profile key players and comprehensively analyze their respective market shares and core competencies1
  • To analyze competitive developments such as investments & expansions, mergers & acquisitions, product launches, contracts & agreements, and joint ventures & collaborations in the market 

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to your specific needs. The following customization options are available for the report:

Company Information

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players 
Power Rental Market Size,  Share & Growth Report
Report Code
EP 3534
Published ON
Mar, 2022
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