Power Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global power rental market has experienced a significant increase in demand as various industries resort to cost-cutting measures amidst the COVID-19 outbreak. Renting power equipment has emerged as a more profitable alternative to purchasing and installing it, leading to higher profits in a short span of time. According to Fairfield Market Research, the easy availability of power rental options has made it particularly popular in regions with limited grid infrastructure. Furthermore, the affordability of rental services is expected to be a key driver for market growth. Preliminary findings reveal that renting a 20 kW diesel generator costs between USD 100 and USD 150 per day, compared to the purchase cost of USD 2,500 to USD 3,000. As the benefits of power rentals outweigh the cons, analysts anticipate an unprecedented rise in the global power rental market between 2021 and 2025.

Diesel-Powered Generators Remain in High Demand

The upcoming report suggests that the demand for diesel-powered generators is expected to remain the highest between 2021 and 2025. Industries such as mining and manufacturing are driving the growth of these generators. Additionally, the affordability of diesel fuel is expected to contribute to market expansion in the coming years. The American Petroleum Institute states that the demand for diesel will remain strong as the global economy recovers in the post-pandemic world. The underdeveloped infrastructure for LPG and gas also emphasizes the significant attention diesel-powered generators are expected to receive in the foreseeable future.

Rental Companies Benefit from Changing Perspectives on Energy Consumption

The growing efforts to achieve decarbonization by 2050 are expected to generate a high demand for power rentals in the next five years. Research indicates that the U.S. administration plans to invest approximately US$2 trillion in achieving net-zero emissions in the power and utilities segment by 2035. Furthermore, the increasing shift towards electrification and electric vehicle sales is expected to drive investment in charging ports. Technology companies are also expected to enter the power rental market by investing in battery-related technologies. All of these factors are anticipated to augment the rental power market during the forecast period.

Asia Pacific Dominates Global Power Rental Market with China's Leading Role

Analysts predict that Asia Pacific will lead the global power rental market between 2021 and 2025, driven by the substantial demand for power in countries like India and China due to rapid urbanization and industrialization. Growing construction and building activities, manufacturing contracts, and the emergence of the IT sector are all expected to contribute to this demand. Initial findings suggest that power rental demand in Chinese provinces has surpassed that of Germany, indicating a shift in consumption patterns.

Key Players and Oligopolistic Competitive Landscape

Key players operating in the global power rental market include: APR Energy, Aggreko, Al Faris, Hertz System, Inc., Atlas Copco AB, United Rentals Inc., Caterpillar, Ashtead Group plc, Cummins Inc., Herc Rentals Inc., Newburn Power Rental Ltd., Sudhir Power Ltd., and JASSIM TRANSPORT & STEVEDORING CO. K.S.C.C. The competitive landscape in the global power rental market is oligopolistic in nature. During the forecast years, companies are expected to focus on strategic alliances to expand their market presence.

1. Executive Summary

1.1. Global Power Rental Market: Snapshot
1.2. Future Projections, 2023 - 2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights

2. Market Overview

2.1. Market Definitions and Segmentation
2.2. Market Dynamics
- 2.2.1. Driver
- 2.2.2. Restraint
- 2.2.3. Industry Challenges & Opportunities
2.3. Market Forces Analysis
- 2.3.1. Value Chain Analysis
- 2.3.2. Porters Five Forces Analysis
2.4. Challenges and Solutions
2.5. Supply Chain Impact Analysis
2.6. COVID-19 Impact Analysis
- 2.6.1. Pre and Post Covid-19 Analysis
2.7. Regulatory Scenario
2.8. Economic Analysis

3. Price Analysis

3.1. Key Price Indicators
3.2. Factors Affecting Cost
3.3. Price Analysis, by Region

4. Global Power Rental Market Outlook, 2018 - 2030

4.1. Global Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Diesel
  - 4.1.1.2. Natural Gas
  - 4.1.1.3. Misc.
- 4.1.2. Market Attractiveness Analysis
4.2. Global Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Prime Load
  - 4.2.1.2. Continuous Load
  - 4.2.1.3. Standby Load
- 4.2.2. Market Attractiveness Analysis
4.3. Global Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Electric Utilities
  - 4.3.1.2. Telecom
  - 4.3.1.3. Data Center
  - 4.3.1.4. Petrochemical & Refining
  - 4.3.1.5. Mining
  - 4.3.1.6. Manufacturing
  - 4.3.1.7. Construction
  - 4.3.1.8. Misc. (Marine, etc.)
- 4.3.2. Market Attractiveness Analysis
4.4. Global Power Rental Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. North America
  - 4.4.1.2. Europe
  - 4.4.1.3. Asia Pacific
  - 4.4.1.4. Latin America
  - 4.4.1.5. Middle East & Africa
- 4.4.2. Market Attractiveness Analysis

5. North America Power Rental Market Outlook, 2018 - 2030

5.1. North America Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Diesel
  - 5.1.1.2. Natural Gas
  - 5.1.1.3. Misc.
5.2. North America Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Prime Load
  - 5.2.1.2. Continuous Load
  - 5.2.1.3. Standby Load
5.3. North America Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Electric Utilities
  - 5.3.1.2. Telecom
  - 5.3.1.3. Data Center
  - 5.3.1.4. Petrochemical & Refining
  - 5.3.1.5. Mining
  - 5.3.1.6. Manufacturing
  - 5.3.1.7. Construction
  - 5.3.1.8. Misc. (Marine, etc.)
5.4. North America Power Rental Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. U.S.
  - 5.4.1.2. Canada

6. Europe Power Rental Market Outlook, 2018 - 2030

6.1. Europe Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Diesel
  - 6.1.1.2. Natural Gas
  - 6.1.1.3. Misc.
6.2. Europe Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Prime Load
  - 6.2.1.2. Continuous Load
  - 6.2.1.3. Standby Load
6.3. Europe Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Electric Utilities
  - 6.3.1.2. Telecom
  - 6.3.1.3. Data Center
  - 6.3.1.4. Petrochemical & Refining
  - 6.3.1.5. Mining
  - 6.3.1.6. Manufacturing
  - 6.3.1.7. Construction
  - 6.3.1.8. Misc. (Marine, etc.)
6.4. Europe Power Rental Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. Germany
  - 6.4.1.2. France
  - 6.4.1.3. U.K.
  - 6.4.1.4. Italy
  - 6.4.1.5. Spain
  - 6.4.1.6. Turkey
  - 6.4.1.7. Russia
  - 6.4.1.8. Rest of Europe
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Power Rental Market Outlook, 2018 - 2030

7.1. Asia Pacific Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Diesel
  - 7.1.1.2. Natural Gas
  - 7.1.1.3. Misc.
7.2. Asia Pacific Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Prime Load
  - 7.2.1.2. Continuous Load
  - 7.2.1.3. Standby Load
7.3. Asia Pacific Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Electric Utilities
  - 7.3.1.2. Telecom
  - 7.3.1.3. Data Center
  - 7.3.1.4. Petrochemical & Refining
  - 7.3.1.5. Mining
  - 7.3.1.6. Manufacturing
  - 7.3.1.7. Construction
  - 7.3.1.8. Misc. (Marine, etc.)
7.4. Asia Pacific Power Rental Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. China
  - 7.4.1.2. Japan
  - 7.4.1.3. South Korea
  - 7.4.1.4. India
  - 7.4.1.5. Southeast Asia
  - 7.4.1.6. Rest of Asia Pacific
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Power Rental Market Outlook, 2018 - 2030

8.1. Latin America Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Diesel
  - 8.1.1.2. Natural Gas
  - 8.1.1.3. Misc.
8.2. Latin America Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Prime Load
  - 8.2.1.2. Continuous Load
  - 8.2.1.3. Standby Load
8.3. Latin America Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Electric Utilities
  - 8.3.1.2. Telecom
  - 8.3.1.3. Data Center
  - 8.3.1.4. Petrochemical & Refining
  - 8.3.1.5. Mining
  - 8.3.1.6. Manufacturing
  - 8.3.1.7. Construction
  - 8.3.1.8. Misc. (Marine, etc.)
8.4. Latin America Power Rental Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. Brazil
  - 8.4.1.2. Mexico
  - 8.4.1.3. Argentina
  - 8.4.1.4. Rest of Latin America
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Power Rental Market Outlook, 2018 - 2030

9.1. Middle East & Africa Power Rental Market Outlook, by Fuel Type, Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Diesel
  - 9.1.1.2. Natural Gas
  - 9.1.1.3. Misc.
9.2. Middle East & Africa Power Rental Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Prime Load
  - 9.2.1.2. Continuous Load
  - 9.2.1.3. Standby Load
9.3. Middle East & Africa Power Rental Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Electric Utilities
  - 9.3.1.2. Telecom
  - 9.3.1.3. Data Center
  - 9.3.1.4. Petrochemical & Refining
  - 9.3.1.5. Mining
  - 9.3.1.6. Manufacturing
  - 9.3.1.7. Construction
  - 9.3.1.8. Misc. (Marine, etc.)
9.4. Middle East & Africa Power Rental Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. GCC
  - 9.4.1.2. South Africa
  - 9.4.1.3. Egypt
  - 9.4.1.4. Niegria
  - 9.4.1.5. Rest of Middle East & Africa
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Company Market Share Analysis, 2022
10.2. Competition Matrix (By Tier and Size of companies)
10.3. Strategic Collaborations
- 10.3.1. Joint Ventures
- 10.3.2. Mergers & Acquisitions
10.4. Company Profiles
- 10.4.1. Atlas Copco
  - 10.4.1.1. Company Overview
  - 10.4.1.2. Product Portfolio
  - 10.4.1.3. Financial Overview
  - 10.4.1.4. Business Strategies and Development
- 10.4.2. Caterpillar Inc.
- 10.4.3. Cummins Inc.
- 10.4.4. Wartsila Corporation
- 10.4.5. HIMOINSA
- 10.4.6. Generac Power Systems
- 10.4.7. Kohler Co
- 10.4.8. United Rentals Inc.
- 10.4.9. Shenton Group
- 10.4.10. Kirloskar
- 10.4.11. FG Wilson
- 10.4.12. Aggreko plc
- 10.4.13. APR Energy
- 10.4.14. Herc Rentals Inc.

11. Appendix

11.1. Acronyms and Abbreviations
11.2. Research Scope & Assumptions
11.3. Research Methodology and Information Sources