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
[192 Pages Report] 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.
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.
Diesel generator accounts for the largest market size during the forecast period.
Diesel generators are being used for standby, peak shaving, and continuous power generation purposes for decades. The diesel generators have long running life, easy fuel availability, and quick response. These are the factors that boost the growth of the diesel generator market worldwide. The advantages of using a diesel generator is its continuous stream of voltage power, without peaks and dips of other devices, thus, helping to regulate fluctuations. Diesel generators find applications mainly in commercial and various manufacturing facilities and are also available in portable forms, which are primarily used by residential customers. These were the major reasons behind the diesel generator market holding the maximum share in 2017.
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.
The major players in the global power rental market are Aggreko (UK), Caterpillar (US), United Rental (US), Atlas Copco (Sweden), Cummins (US), Ashtead Group (UK), SEL (US), APR Energy (US), Kohler (US), Rental Solutions & Services (UAE), HERC (US), Generac Power Systems (US), Wacker Neuson (Germany), and Wartsila Corporation (Finalnc). Aggreko, United Rental, Caterpillar are the prominent player of the market. The players are adopting inorganic growth strategies for the expansion of their presence in various regions
Scope of the report
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
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)
On the basis of region, the power rental market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East
- South America
- Africa
Recent Developments
- In April 2017, United Rentals, Inc. acquired NES Rentals Holdings II, Inc. The acquisition is expected to increase the companys presence in the East Coast, Gulf states, and the Midwest of the US.
- In November 2017, Aggreko received a contract to provide around 60 generators supplying more than 10 MVA (mega volt ampere) of energy, distributed through more than 240 panel and 26 km of cable for Glasgow 2018 European Championship
- In June 2017, Caterpillar Inc. and Ritchie Bros. formed a partnership under which Ritchie Bros. will become Caterpillars preferred global partner for onsite and online auctions for 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.
Key Questions addressed by the report
- The report identifies and addresses key markets for power rental, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into the drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and make better strategic decisions.
- Comprehensive mapping of the competitive landscape and the market participant behavior
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)
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
13.1 Benchmarking
13.2 Caterpillar
13.3 Atlas Copco
13.4 Cummins
13.5 United Rentals
13.6 Ashtead Group
13.7 Aggreko, PLC
13.8 APR Energy
13.9 Bredenoord Exploitatiemij B.V.
13.10 Kohler Co.
13.11 Rental Solutions & Services
13.12 Herc Holdings Inc
13.13 Generac Power Systems
13.14 Wacker Neuson SE
13.15 Wδrtsilδ Corporation
13.16 Speedy Hire PLC.
13.17 Smart Energy Solutions
13.18 Soenergy International
13.19 Multiquip Inc.
*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, 20162023 (USD Million)
Table 5 Utilities: Power Rental Market, By Region, 20162023 (USD Million)
Table 6 Oil & Gas: Market, By Region, 20162023 (USD Million)
Table 7 Events: Market, By Region, 20162023 (USD Million)
Table 8 Construction: Market, By Region, 20162023 (USD Million)
Table 9 Mining: Market, By Region, 20162023 (USD Million)
Table 10 Manufacturing: Market, By Region, 20162023 (USD Million)
Table 11 Shipping: Market, By Region, 20162023 (USD Million)
Table 12 Data Center: Market, By Region, 20162023 (USD Million)
Table 13 Others: Market, By Region, 20162023 (USD Million)
Table 14 Power Rental Market, By Application, 20162023 (USD Million)
Table 15 Peak Shaving: Market, By Region, 20162023 (USD Million)
Table 16 Standby Power: Market, By Region, 20162023 (USD Million)
Table 17 Base Load/Continuous Power: Market Size, By Region, 20162023 (USD Million)
Table 18 Generator Power Rating Categories Required By Different End-Users
Table 19 Power Rental Market, By Power Rating, 20162023 (USD Million)
Table 20 Less Than 10 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 21 11 20 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 22 21 50 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 23 51 Kw100 Kw Rating: Power Rental Market, By Region, 20162023 (USD Million)
Table 24 101 250 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 25 251 500 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 26 501 Kw1,000 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 27 1,001 1,500 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 28 1,5012,000 Kw Rating: Market Size, By Region, 20162023 (USD Million)
Table 29 2,001 2,500 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 30 Above 2,500 Kw Rating: Market, By Region, 20162023 (USD Million)
Table 31 Power Rental Market, By Fuel Type, 20162023(USD Million)
Table 32 Diesel Generators: Market, By Region, 20162023 (USD Million)
Table 33 Gas Generators: Market, By Region, 20162023(USD Million)
Table 34 Others Generator Segment: Market, By Region, 20162023 (USD Million)
Table 35 Power Rental Market, By Equipment, 20162023 (USD Million)
Table 36 Generator: Market, By Region, 20162023 (USD Million)
Table 37 Transformer: Market, By Region, 20162023 (USD Million)
Table 38 Load Bank: Market, By Region, 20162023 (USD Million)
Table 39 Others: Market, By Region, 20162023 (USD Million)
Table 40 Power Rental Market, By Region, 20162023 (USD Million)
Table 41 Asia Pacific: Power Rental Market, By End-User, 20162023 (USD Million)
Table 42 Asia Pacific: Market, By Fuel Type, 20162023 (USD Million)
Table 43 Asia Pacific: Market, By Application, 20162023 (USD Million)
Table 44 Asia Pacific: Market, By Equipment, 20162023 (USD Million)
Table 45 Asia Pacific: Market, By Country, 20162023 (USD Million)
Table 46 China: Market, By End-User, 20162023 (USD Million)
Table 47 India: Market, By End-User, 20162023 (USD Million)
Table 48 Australia: Power Rental Market, By End-User, 20162023 (USD Million)
Table 49 Japan: Market, By End-User, 20162023 (USD Million)
Table 50 Singapore: Market, By End-User, 20162023 (USD Million)
Table 51 Indonesia: Market, By End-User, 20162023 (USD Million)
Table 52 Bangladesh: Market, By End-User, 20162023 (USD Million)
Table 53 The Rest of Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 54 North America: Power Rental Market, By End-User, 20162023 (USD Million)
Table 55 North America: Market, By Fuel Type, 20162023 (USD Million)
Table 56 North America: Market, By Application, 20162023 (USD Million)
Table 57 North America: Market, By Equipment, 20162023 (USD Million)
Table 58 North America: Market, By Country, 20162023 (USD Million)
Table 59 US: Power Rental Market Size, By End-User, 20162023 (USD Million)
Table 60 Canada: Market Size, By End-User, 20162023 (USD Million)
Table 61 Mexico: Market, By End-User, 20162023 (USD Million)
Table 62 South America: Power Rental Market, By End-User, 20162023 (USD Million)
Table 63 South America: Market, By Fuel Type, 20162023 (USD Million)
Table 64 South America: Market, By Application, 20162023 (USD Million)
Table 65 South America: Market, By Equipment, 20162023 (USD Million)
Table 66 South America: Market, By Country, 20162023 (USD Million)
Table 67 Brazil: Power Rental Market, By End-User, 20162023 (USD Million)
Table 68 Argentina: Market, By End-User, 20162023 (USD Million)
Table 69 Chile: Market Size, By End-User, 20162023 (USD Million)
Table 70 The Rest of South America: Market, By End-User, 20162023 (USD Million)
Table 71 Europe: Power Rental Market, By End-User, 20162023 (USD Million)
Table 72 Europe: Market, By Fuel Type, 20162023 (USD Million)
Table 73 Europe: Market, By Application, 20162023 (USD Million)
Table 74 Europe: Market, By Equipment, 20162023 (USD Million)
Table 75 Europe: Market, By Country, 20162023 (USD Million)
Table 76 UK: Market, By End-User, 20162023 (USD Million)
Table 77 Germany: Power Rental Market, By End-User, 20162023 (USD Million)
Table 78 Russia: Market, By End-User, 20162023 (USD Million)
Table 79 Italy: Market, By End-User, 20162023 (USD Million)
Table 80 France: Market, By End-User, 20162023 (USD Million)
Table 81 Turkey: Market, By End-User, 20162023 (USD Million)
Table 82 Rest of Europe: Market, By End-User, 20162023 (USD Million)
Table 83 Middle East: Power Rental Market, By End-User, 20162023 (USD Million)
Table 84 Middle East: Market, By Fuel Type, 20162023 (USD Million)
Table 85 Middle East: Market, By Application, 20162023 (USD Million)
Table 86 Middle East: Market, By Country, 20162023 (USD Million)
Table 87 Middle East: Market, By Country, 20162023 (USD Million)
Table 88 Saudi Arabia: Market, By End-User, 20162023 (USD Million)
Table 89 UAE: Market, By End-User, 20162023 (USD Million)
Table 90 Iran: Market, By End-User, 20162023 (USD Million)
Table 91 Qatar: Market, By End-User, 20162023 (USD Million)
Table 92 OMAN: Market, By End-User, 20162023 (USD Million)
Table 93 Rest of the Middle East: Market, By End-User, 20162023 (USD Million)
Table 94 Africa: Power Rental Market, By End-User, 20162023 (USD Million)
Table 95 Africa: Market, By Fuel Type, 20162023 (USD Million)
Table 96 Africa: Market, By Application, 20162023 (USD Million)
Table 97 Africa: Market, By Equipment, 20162023 (USD Million)
Table 98 Africa: Market, By Country, 20162023 (USD Million)
Table 99 Algeria: Market, By End-User, 20162023 (USD Million)
Table 100 Egypt: Market, By End-User, 20162023 (USD Million)
Table 101 South Africa: Market, By End-User, 20162023 (USD Million)
Table 102 Nigeria: Market, By End-User, 20162023 (USD Million)
Table 103 Libya: Market, By End-User, 20162023 (USD Million)
Table 104 Mozambique: Market, By End-User, 20162023 (USD Million)
Table 105 The Rest of Africa: Market, By End-User, 20162023 (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 Market 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 Market 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, 20182023
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 Market 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, 20182023
Figure 26 Power Rental Share (Value), By Application, 2017
Figure 27 Power Rental Share (Value), By Power Rating, 20182023
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, 20182023
Figure 30 Regional Snapshot: the African Market to Be the Fastest Growing Market, By Value, During the Forecast Period
Figure 31 Power Rental Market Share (Value), By Region, 2018
Figure 32 North American Power Rental Market 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 Market 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:
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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 industrys 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 power rental 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 clients specific needs. The following customization options are available for this report:
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Growth opportunities and latent adjacency in Power Rental Market