Leading Companies in Power Rental Industry - Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US) and Caterpillar (US)
The global power rental market is forecast to reach USD 14.2 billion by 2029 from an estimated USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period (2024-2029). Rapid industrialization in emerging countries of Asia Pacific, integration of power rental generators with renewable energy resources, increasing demand for power supply are the key factors driving the power rental market.
The power rental market is served by a mix of large international players with a global operational presence and local players with a strong domestic supply network.
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The key players in the power rental market include companies such as Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US), Caterpillar (US), Cummins Inc (US).
Aggreko is a global leader in the provision of temporary power, heating, cooling, and energy services. The company was established in 1962 and has evolved into a trusted partner for diverse industries, offering innovative solutions to address temporary and off-grid energy needs. With a presence in over 100 countries and a fleet of specialized equipment, Aggreko serves customers across various sectors, including events, utilities, construction, oil and gas, manufacturing, and mining. With a comprehensive suite of solutions, global reach, commitment to sustainability, and a culture of innovation, Aggreko continues to empower customers to thrive in a rapidly evolving energy landscape.
Ashtead Group plc is a multinational equipment rental company headquartered in London, England. The company operates its business through three segments namely Rental Equipment, Sale of Used Rental Equipment, and Sale of New Equipment. It majorly focuses on its rental business operations through three business units, that includes, Sunbelt US, Sunbelt UK, and Sunbelt Canada providing various rental equipment. The company's major branch, Sunbelt Rentals, offers a wide variety of tools and equipment for industrial, construction, and other specialized applications all throughout the United States and Canada. A-Plant provides a comparable selection of tools and services to clients in the United Kingdom. Overall, Ashtead Group plc continues to be a leading player in the equipment rental industry, providing innovative solutions and exceptional service to customers around the world.
United Rentals is among the largest equipment rental companies in the world, providing a wide range of equipment and tools for construction, industrial, and commercial projects. United Rentals has over 1,000 outlets, and is headquartered in Stamford, Connecticut. The company provides a wide range of rental equipment, including larger equipment for jobs like gardening, plumbing, and electrical work, as well as smaller tools and equipment for heavy gear like generators, forklifts, and earthmoving equipment. United Rentals is a trusted partner for customers in need of rental equipment and solutions, offering a vast selection of high-quality equipment, reliable service, and expertise to support a wide range of projects and industries.
Caterpillar is one of the leading producers of industrial gas turbines, diesel and natural gas engines, construction and mining equipment, diesel-electric locomotives, and also provides maintenance and other services to its customers during the course of their product life cycles. The corporation is primarily divided into four business segments: energy and transportation, resource industries, construction industries, and all other businesses, which provide the company's financial business services. The company offers equipment rental services through its construction industries business segment. The business runs a rental division known as Cat Rental, which runs outlets under the moniker rental store. Caterpillar, Inc. established a subsidiary in 2002 as a joint venture with its current dealers in the European market. The company has its operational presence worldwide along with manufacturing sites in major regions such as Americas, Asia Pacific, and Europe.
Related Reports:
Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power rating (Up to 50 kW, 51- 500 kW, 501-2000 kW, Above 2500 kW), Application, End User and Region - Global Forecast to 2029
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