Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1238741

Cover Image

PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1238741

UK Power Rental Market - Strategic Assessment & Forecast 2023-2029

PUBLISHED:
PAGES: 95 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
PDF (Single User License)
USD 2500
PDF (5 User License)
USD 3000
PDF (Corporate User License)
USD 3500

Add to Cart

The UK power rental market size is expected to grow at a CAGR of 5.12% from 2022 to 2029

KEY HIGHLIGHTS

  • National Grid has submitted its application as of November 2022 for development consent to the Planning Inspectorate for the Yorkshire Green Energy Enablement Project. Should the project receive consent, the reinforcement works would begin in the summer of 2024 and be operational in 2027. The project forms part of the electricity network upgrades identified across the UK to help deliver the government's net zero targets for 2050.
  • Storm Franklin severely impacted parts of the UK with strong winds and heavy rain in February 2022. UK Power Networks believed it had restored electricity to 98% of properties across east and south-east England, but 8,500 remained without power during the storm. These situations will require backup power, and rental power equipment could bring situations under control. These naturally occurring calamities will push UK power rental market growth.
  • Battersea Power Station, which had been decommissioned, is now being reconstructed in seven phases with a capital of USD 11 billion. The main focus of this project is to bring the 80-year-old structure converted into a mixed-use development that comprises several restaurants, shops, bars, residential units, and office spaces. The whole project is expected to be completed by 2025.
  • Construction 2025' is a joint strategy that sets out the sector and government to work in partnership to put Britain at the front position of global construction over the coming years. Additionally, the construction of a few energy projects in the UK, such as the Clay Tye battery storage site in Essex (99MW) and the Kype Muir onshore wind farm extension in South Lanarkshire with a capacity of 155 MW, are likely to push the UK power rental market demand.
  • Aggreko had been the Official Modular Energy Solutions supporter for Birmingham 2022. It supported various major venues, such as Alexander Stadium and Coventry Stadium & Arena, to other key sites, including the Birmingham 2022 Athletes' Villages at the University of Birmingham and the University of Warwick. It provided 117 of the latest stage V generators with a range of 30KVA -600 KVA, which used HVO as fuel in October 2022. Aggreko also produced around 10.8 MWh of clean solar energy at Victoria Park in Royal Leamington Spa with the help of hybrid generators.

SEGMENTATION ANALYSIS

Segmentation By Fuel

  • Natural Gas
  • Diesel
  • Others (Propane, Hydrogen, Renewable Sources)

Segmentation By Power Rating

  • >75KVA
  • 75-375KVA
  • 375-1,000KVA
  • Above 1,000 KVA

Segmentation By Equipment

  • Generators
  • Load Banks
  • Transformers
  • Others

Segmentation By End-User

  • Construction
  • Retail
  • Oil & Gas
  • Mining
  • Events
  • Utilities
  • IT & Data Center
  • Manufacturing
  • Others

Segmentation By Application

  • Standby
  • Continuous
  • Peak Shaving

MARKET TRENDS & DRIVERS

Governments' Focus on Clean Energy and Investments Are Likely to Propel the UK Power Rental Market

  • In 2021, the government planned to increase its offshore wind power capacity from 30GW to 40 GW in 2030. The plan aims to reach net-zero emissions by 2050, aligning with the global climate goals listed in the Paris Climate Agreement. An investment of USD 223 million is planned to upgrade the country's port. In 2021, the government announced investments of USD 132 million in constructing two offshore wind ports.
  • Aggreko collaborated with the R&A to deliver a renewable energy solution at the 149th Open Championship, held at Royal St George's Golf Club in Sandwich, England, between 11 to 18 July 2021. The hybrid system is a significant development in Aggreko's Net Zero path since it will cut carbon emissions by up to 40% compared to the older fossil fuel systems. Two renewable microgrids from Aggreko were delivered, and they will provide 100 percent reliable electricity without a connection to the grid. Since the solution was deployed in March 2021 for the event's setup, it has already produced over 21000 kWh of solar energy and saved 25 tons of CO2. Moreover, for the first time in The Open's history, all of the site's generators had operated on HVO, a sustainable biodiesel.
  • The UK government funded USD 9 million for 24 projects under the Longer Duration Energy Storage (LODES) competition. This funding is projected to support the development of new energy storage technologies, help the UK transition to renewable energy sources, and further contribute to the UK power rental market.
  • UK's plan 'Build Back Greener' and 'Net Zero Strategy' 2021 has prompted the development of the UK's first decarbonized industrial cluster. Additionally, the UK government has also committed to unlock USD 95.92 billion for private investment by 2030 and support the development of green industries by 2050.

Approval of Various Standards and Guidelines to Enhance the Safety Aspect of Fuels or Equipment

  • The government had approved HVO as renewable fuel as it has met the EN15940 standards, and imports of HVO are being certified by (SCC (International Sustainability & Carbon Certification). As of March 2022, Aggreko had also switched its operations to HVO and only stocked white HVO fuel at their depots. Businesses will be forced to transition to HVO (Hydrotreated Vegetable Oil) due to government reforms affecting red diesel starting on 1 April 2022. Nitrogen dioxide and Carbon monoxide emissions are greatly reduced and eliminated using HVO.
  • The UK government is expected to invest USD 4.3 billion in constructing 40 hospitals by 2030. The government is implementing new guidelines that will help to standardize the design for new hospitals and use modular construction methods to accelerate the building program. The government had also announced USD 1 billion for upgrading its facilities in the existing 20 hospitals. This construction plan is expected to drive the demand UK power rental market.
  • The United Kingdom (UK) has proposed a new temporary Electricity Generator Levy, which will apply from 1 January 2023. This levy is separate from the Energy Profits Levy, which applies to the oil and gas sector. The government has not yet published draft legislation, but it has issued a technical note on the proposals, summarized in this alert.

VENDOR LANDSCAPE

  • The key players in the UK Power Rental market are United Rentals, Sunbelt, Aggreko, Speedy, Atlas Copco, Caterpillar, Cummins, and Kohler power.
  • The top 4 prominent vendors, including United Rentals, Sunbelt Rentals, Aggreko, and Speedy, account for 44% of the UK Power Rental market share.
  • Sunbelt introduced alternative fuel to its UK hiring equipment with combustion engines, which involves burning fossil-fuel-based red diesel.

Prominent Vendors

  • United Rentals, Inc.
  • Sunbelt Rentals, Inc.
  • Aggreko
  • Speedy
  • Caterpillar
  • Atlas Copco
  • Cummins Inc.
  • KOHLER

Other Prominent Vendors

  • Generac Power Systems, Inc.
  • Boels Rental
  • HSS Hire Group
  • The Hireman

KEY QUESTIONS ANSWERED

  • 1. How big is the UK power rental market?
  • 2. What is the growth rate of the UK power rental market?
  • 3. What are some significant opportunities in the U.K. power rental market?
  • 4. Which fuel type is projected to dominate the UK power rental market?
  • 5. Which are the key vendors in the UK power rental market?
Product Code: ARZ230216

TABLE OF CONTENTS

  • 1. Introduction
  • 1.1. Key Insights of UK Power Rental Market
  • 1.2. Executive Summary
  • 2. UK Power Rental Market
  • 2.1. Future Outlook -UK Power Rental Market by Value
  • 2.2. UK Power Rental Market- By Segments
  • 2.2.1. UK Power Rental Market by Value
  • 2.2.1.1. UK Power Rental Market Size and Forecast by Million ($million)
  • 2.3. Power Rental Market, By Fuel
  • 2.3.1. Diesel, Market Size and Forecast 2020-2029($ Million)
  • 2.3.2. Natural Gas, Market Size and Forecast 2020-2029($ Million)
  • 2.3.3. Others, Market Size and Forecast 2020-2029($ Million)
  • 2.4. Power Rental Market, By End User
  • 2.4.1. Construction, Market Size and Forecast 2020-2029($ Million)
  • 2.4.2. Retail, Market Size and Forecast 2020-2029($ Million)
  • 2.4.3. Oil and Gas, Market Size and Forecast 2020-2029($ Million)
  • 2.4.4. Mining, Market Size and Forecast 2020-2029($ Million)
  • 2.4.5. Events, Market Size and Forecast 2020-2029($ Million)
  • 2.4.6. Utilities Market Size and Forecast 2020-2029($ Million)
  • 2.4.7. IT & Data Centers, Market Size and Forecast 2020-2029($ Million)
  • 2.4.8. Manufacturing, Market Size and Forecast 2020-2029($ Million)
  • 2.4.9. Others, Market Size and Forecast 2020-2029($ Million)
  • 2.5. Power Rental Market, By Equipment
  • 2.5.1. Generator, Market Size and Forecast 2020-2029($ Million)
  • 2.5.2. Load Bank, Market Size and Forecast 2020-2029($ Million)
  • 2.5.3. Transformer, Market Size and Forecast 2020-2029($ Million)
  • 2.5.4. Others, Market Size and Forecast 2020-2029($ Million
  • 2.6. Power Rental Market, By Application
  • 2.6.1. Standby power, Market Size and Forecast 2020-2029($ Million)
  • 2.6.2. Continuous power, Market Size and Forecast 2020-2029($ Million)
  • 2.6.3. Peak shaving, Market Size and Forecast 2020-2029($ Million)
  • 2.7. Power Rental Market, By Power Rating
  • 2.7.1. (0-50KW) Market Size and Forecast 2020-2029($ Million)
  • 2.7.2. (50-500KW) Market Size and Forecast 2020-2029($ Million)
  • 2.7.3. (500-2500KW) Market Size and Forecast 2020-2029($ Million)
  • 2.7.4. (Above 2500KW) Market Size and Forecast 2020-2029($ Million)
  • 3. Geographical Analysis
  • 3.1. Key Economic cities in UK
  • 4. Market Dynamics
  • 4.1. Market Trends
  • 4.2. Market Drivers
  • 4.3. Market Opportunities
  • 4.4. Market Restraints
  • 5. Technological Development
  • 6. Competitive Landscape
  • 6.1. Company Profile of major Vendors
  • 6.2. Other Prominent vendors
  • 7. Report Summary
  • 7.1. List of Abbreviations
  • 8. Appendix (Report Scope & Definition)
  • 8.1. Research Methodology
  • 8.2. Market Definition, Inclusion & Exclusion
Product Code: ARZ230216

LIST OF EXHIBITS

  • 1. Net Zero in UK will greatly increase electricity demand while almost fully decarbonizing
  • 2. UK Power Rental Market ($ million)
  • 3. Global Power Rental Market by Geography 2022
  • 4. Europe Power Rental Market by Country 2022
  • 5. UK Power Rental Market ($Million)
  • 6. Global electricity demand
  • 7. Power rental by end user 2022(%)
  • 8. Percentage of Energy Generated by sources 2022
  • 9. Natural Gas power rental by value ($ million)
  • 10. Diesel power rental by value ($ million)
  • 11. Others, power rental by value ($ million)
  • 12. <75 KVA power rental by value ($ million)
  • 13. 75-375 KVA power rental by value ($ million)
  • 14. 375-1,000 KVA power rental by value ($ million)
  • 15. Above 1,000 KVA power rental by value ($ million)
  • 16. Generators power rental by value ($ million)
  • 17. Load Bank power rental by value ($ million)
  • 18. Transformer power rental by value ($ million)
  • 19. Others power rental by value ($ million)
  • 20. Construction power rental by value ($ million)
  • 21. Retail power rental by value ($ million)
  • 22. Oil & Gas power rental by value ($ million)
  • 23. Mining power rental by value ($ million)
  • 24. Events power rental by value ($ million)
  • 25. Utilities power rental by value ($ million)
  • 26. IT & Datacentre power rental by value ($ million)
  • 27. Manufacturing power rental by value ($ million)
  • 28. Others power rental by value ($ million)
  • 29. Standby power rental by value ($ million)
  • 30. Continuous power rental by value ($ million)
  • 31. Peak shaving power rental by value ($ million)
  • 32. Top cluster share 2022
  • 33. Northern Ireland Renewable Electricity Generation 2021
  • 34. Market share 2021(% share)
  • 35. United Rentals, Total revenue ($ Billion)
  • 36. Sunbelt rentals, Total equipment rental by segment 2021(% share)
  • 37. Aggreko, Total sales by segment 2020 (% share)
  • 38. Atlas Copco, Total Revenue ($ billion)
  • 39. Cummins, Total Revenue ($ billion)

LIST OF TABLES

  • 1. By Fuel Type, Total Incremental Opportunity, 2022-2029
  • 2. By Power Rating, Total Incremental Opportunity, 2022-2029
  • 3. By Equipment, Total Incremental Opportunity, 2022-2029
  • 4. By End user, Total Incremental Opportunity, 2022-2029
  • 5. By Application, Total Incremental Opportunity, 2022-2029
  • 6. Ongoing Energy projects in UK
  • 7. Developments/ projects
  • 8. Power Rental Market size & forecast, by type ($ million)
  • 9. Power Rental by Fuel Market Size & Forecast ($ million)
  • 10. Power Rental by Power Rating Market size & Forecast ($ million)
  • 11. Power Rental by Application Market Size & Forecast ($ million)
  • 12. Power Rental by Equipment Market Size & Forecast ($ million)
  • 13. Power Rental by End-user Market Size & Forecast ($ million)
  • 14. List of abbreviations
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!