HOME Research Insight APR Energy, PLC (U.S.) and Aggreko, PLC (U.K.) are the Major Players in the Power Rental Market



APR Energy, PLC (U.S.) and Aggreko, PLC (U.K.) are the Major Players in the Power Rental Market


The global power rental market is projected to grow at a CAGR of 8.49%, from 2017 to 2022. The North American market is estimated to be the largest market for power rental, followed by the African market in 2017. This trend is expected to continue till 2022. The growth of the power rental market is driven by increasing power demand, lack of power infrastructure, and revamping of old T&D infrastructure.

The power rental market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solutions providers in the power rental market include Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and APR Energy, PLC (U.S.).

The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from 2014 to February 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period. A few key integrated solutions providers have been highlighted in the section below.

APR Energy, PLC (U.S.) offers power solutions to mitigate power outages, improve grid optimization, and increase stabilization. The solutions offered by the company are used for a range of applications, including supplemental base load capacity, natural disasters, seasonal peak shaving, backup for scheduled or unscheduled outages, dedicated industrial power, and grid stability and support. The company operates in 30 countries and has installed over 3 GW of power capacity in the past decade. Its customers range from sovereign utility providers in high-growth emerging markets to public and private utilities in developed markets. Contracts & agreements are one of the main strategies adopted by the company. For instance, in June 2016, APR Energy received a contract worth USD 450 million from the Ministry of Energy and Mining in Argentina to provide 350 MW of generation capacity.

Aggreko, PLC (U.K.) provides power rental solutions and equipment for customers as well as contractual turnkey solutions, including servicing and maintenance. In 2016, the company’s rental solutions segment contributed to around 25% of the total revenue. The products and services offered by the company include gas and diesel generators, load banks, chiller rentals, and heaters and air conditioners for emergency and planned projects. The products offered by the company find application in various industries, such as construction, events, oil & gas, facility management, food and beverage, mining, manufacturing, shipping, refining, telecommunication, utility distribution, and utility generation. Aggreko operates in 100 countries through 208 sales and service centers. The company has been awarded various contracts to provide power rental solutions which have helped improve its top line. For instance, in February 2016, it was awarded a contract by Levis Stadium (U.S.) to provide power and temperature control solutions for the national football championship game held in Santa Clara, California (U.S.).

Related Reports:

Power Rental Market by Fuel (Diesel, Gas, Dual Fuel & HFO), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping), Application (Peak Shaving, Base Load, Stand by), by Region - Global Forecasts to 2022

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