Report Overview

Global Power Rental Market: Overview

Global power rental market is anticipated to worth USD 22,816 million by 2025, with a CAGR of 7.13% during 2019-2025. Power Rental is an Equipment rental used for fuel saving, extra power, shared savings, reduced gensets. The rental power is used to stabilize the utility power grids and to provide extra energy to the communities and support industries that are facing efficiency problems due to the insufficient power supply. The growing demand for electricity, coupled with the uninterrupted power supply in underdeveloped and developing countries are vital factors expected to encourage the growth of the Global Power Rental market in the upcoming period.

In addition, the increase in power outages, improvement in power infrastructure, and growth in the construction industry is anticipated to boost the demand for power rental in the coming years. Moreover, an increase in demand for power from the oil & gas industry is factors estimated to accelerate the growth of the power rental market in the next few years. Furthermore, strict regulations and pollutions by various governments for reducing pollution which result as of rising ecological concerns will boost the global power rental market growth.

Additionally, in developing countries local grids are unable to provide reliable supply, owing to poor or lack of transmission network which result in delivery of electricity are not equivalent to requirement power, in such instance, there will be a high demand for electrical equipment like power rental in the global market that proves a temporary solution. Furthermore, rising awareness among consumers about the advantages of solution for uninterrupted power supply will fuel the growth of Power Rental market in the forecast period.

Power Rental Fuel Type analysis

On the basis of Fuel type, the Power Rental market has been segmented into Diesel Generators, and Gas Generators. Diesel Generators dominates the global Power Rental owing to the easy availability of fuel, long-running life and cost-effective. Moreover, assurance of a steady power supply helps in reducing maintenance cost and less flammable properties of diesel generators will boost the power rental market over the forecast period. Gas Generators will be the fastest growing segment due to its properties which offer seamless, noise-free, and clean power energy. Furthermore, gas generator rentals will work smoothly even higher loads. Moreover, the government’s regulations and policies towards natural gas and carbon emission will boost the gas generators market over the forecast period.

Power Rental Power Rating Type Analysis

On the basis of Power rating type, the Power Rental market has been segmented into less than 50 kW, 50 kW–500 kW, 501 kW-1000 kW, and above 1000 kW. Above 1000 kW segment dominates the global Power Rental owing to its application in large power plant like the mining, oil & gas, manufacturing, shipping and utility sectors where the need of smooth & need of reliable power supply. Moreover, its application in remote areas to provide standby power, as well as power during peak shaving, will boost above 1000 kW market. Less than 50 kW segment market will drive by its demand in residential and smaller commercial industries. 50 kW–500 kW market will influence by its demand in a large shopping mall, industrial towers, and commercial complexes. 501 kW-1000 kW segment market will bolster by its uses in medium to large scale industries.

Power Rental End-User Analysis

On the basis of End-user type, the Power Rental market has been segmented into Commercial, Manufacturing, Events, Construction, Utilities, Mining, Oil & Gas and Others. Utility segment dominates the market owing to demand continuous power supply during peak hours for running regularly basis. The commercial sector will influence its need for uninterrupted power supply without fluctuations. The construction sector market will drive by the growth of infrastructural development. Oil & gas segment is expected to drive by huge power requirement in onshore and offshore oil and gas fields.

Power Rental Application Type analysis

On the basis of application, the Global Power Rental market has been segmented into Prime Power, Standby Power, and Continuous Power. By application type, Standby Power will lead the market due to its properties to consume power by electronic and electrical appliances while they are switched off or in standby mode. Prime Power will grow significantly as its properties to provide reliability & durability, System paralleling, remote operation and monitoring. Continuous power segment will influence by its properties such as low fuel consumption, deliver unmatched flexibility, expandability.

Regional analysis of Power Rental market

On the basis of region, the Power Rental market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific dominates the world Power Rental market over the forecast period owing to the growing demand from utility sector, increasing number of construction projects, power grid unavailability in remote locations, extreme weather events, and post-disaster emergencies in this region to fuel the growth of the Asia Pacific market in the next few years. The major contribution from China, Japan, South Korea, and India is expected to augment the growth of the market in the forecast period. The Middle East & Africa is projected to be the fastest growing market throughout the forecast period due to the frequent power outage, unstable power supply and aging power infrastructure in the region are driving the mine operators to shift towards power rental solution to meet their power requirement.

Objective of the Study:

·         To analyze and forecast market size of the world Power Rental market, in terms of useful & volume

·         To examine the careful market segmentation and forecast the market size, in terms useful, on the premise of the region by segmenting world Power Rental market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East, and geographical area.

·         To outline, categorized and forecast the world Power Rental on the premise of product kind and application.

·         To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world Power Rental market.

·         To pinpoint the drivers and challenges for world Power Rental Market

·         To spot the profile of leading players, that area unit concerned within the producing and provide off Power Rental globally.

Global Power Rental Market Competitive Landscape

Companies , such as , Caterpillar Inc., Aggreko PLC, Cummins Inc., United Rentals Inc., APR Energy, Atlas Copco AB, Ashtead Group PLC, Speedy Hire PLC, Kohler Co., Hertz Corporation, Soenergy International Inc., Generac Power Systems, Herc Holdings Inc., Al Faris Group, and Quippo Infrastructure Equipment Limited are the key players in manufacturing of power rental.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Raw material suppliers

·         Global Power Rental manufacturers

·         Research organizations and consulting companies

·         Global Power Rental suppliers

·         Organizations, associations, and alliances related to Power Rental market

·         Regulatory bodies

Scope of the Report

By Fuel Type

·         Diesel Generators

·         Gas Generators

By Power Rating

·         less than 50 kW

·         50 kW–500 kW

·         501 kW-1000 kW

·         Above 1000 kW

By End-User

·         Commercial

·         Manufacturing

·         Events

·         Construction

·         Utilities

·         Mining

·         Oil & Gas

·         Others

By Application

·         Prime Power

·         Standby Power

·         Continuous Power

In addition, the report provides analysis of the Power Rental market with respect to the following geographic segments:

• North America

  • ·         U.S.

    ·         Canada

• Europe

  • ·         Germany

    ·         UK.

    ·         Italy

    ·         France

    ·         Rest of Europe

• Asia Pacific (APAC)

  • ·         China

    ·         India

    ·         Japan

    ·         Australia

    ·         South Korea

    ·         Indonesia

    ·         Rest of Asia Pacific

• LATAM

  • ·         Brazil

    ·         Argentina

    ·         Rest of Latin America

• MEA

  • ·         Saudi Africa

    ·         UAE

    ·         Egypt

    ·         Rest of Middle-East

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.