Power Rental Market

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

Published ON Feb, 2024
Report Code EP 3534
Report Code: EP 3534 Feb, 2024, by marketsandmarkets.com

[297 Pages Report] 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). There are several factors contributing to the development of the power rental market. Businesses are prompted to investigate alternate power options by energy unpredictability, which in turn promotes innovation in the power rental market. The generator fleets' adaptability is very important in the market. Moreover, the need for renewable fuels would be met by power rental providers. Furthermore, flexibility will always be essential to the future of power rental. Global industrialization, the necessity for constant energy supply, and the growing demand for a stable power supply are other factors driving market expansion.

Power Rental Market

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Power Rental Market Opportunities

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Power Rental Market Dynamics

Driver: Increasing need for electrification and continuous power supply in emerging economies

The growing demand for continuous power supply and electrification in emerging nations is anticipated to be a major factor for the market for power rentals to rise. To sustain economic growth, raise living standards, and accommodate growing populations, there is an increasing demand for dependable and easily accessible power in these economies as they experience fast urbanization, industrialization, and infrastructure development. Nevertheless, many rising economies struggle with issues including inadequate generation capacity, unstable power infrastructure, and restricted access to the grid, which frequently causes interruptions and power outages. Power rental options provide an adaptable and affordable way to supply extra or temporary power in these kinds of situations, helping to close the gap between supply and demand. To guarantee a continuous supply of power for crucial operations, construction sites, remote areas, and temporary buildings can swiftly utilize rental generators, transformers, and other power equipment.

Restraint: Rigorous government regulations to restrict the market growth

Stringent government regulations associated with generators can act as a restraining factor for the market in several ways. Regulations related to emissions standards and environmental compliance may impose additional costs and requirements on rental companies, particularly for older or less efficient generator models. Compliance with these regulations may necessitate investments in upgrading equipment, retrofitting emission control technologies, or implementing pollution mitigation measures, increasing operating expenses and reducing profitability. Moreover, generator use may be restricted in some places or sensitive situations, such as residential neighborhoods, hospitals, and nature reserves, due to regulations governing noise emissions, air quality standards, and site permits. Adherence to these guidelines may limit the need of rented generators.

Opportunities: Integration of renewable energy with power rental equipment

The integration of renewable energy sources, such as solar and wind power, with power rental equipment presents a lucrative opportunity for the power rental market for various reasons. Renewable energy sources are becoming increasingly cost-competitive and widely adopted as part of efforts to reduce carbon emissions and transition towards a sustainable energy future. Rental businesses can provide clients with hybrid power solutions that blend the advantages of clean energy with the dependability and versatility of rental generators by fusing renewable energy sources with power rental equipment. Renewable energy integration enhances the resilience and reliability of power rental solutions by reducing reliance on fossil fuels and grid electricity, thereby providing lucrative opportunity to the power rental providers.

Challenges: Rising operating expenditure of fuel generators due to high prices

The increase in fuel prices also increases the operating costs associated with running diesel or gas generators also rise, leading to higher rental rates for customers. This can make power rental services less cost-effective compared to grid electricity or alternative power sources, potentially reducing the demand for rental generators among price-sensitive customers. Furthermore, increasing gasoline prices might reduce rental firms' profit margins, especially if they are unable to pass the entire cost rise on to clients because of contractual restrictions or competitive pressures. This might limit spending on customer service, fleet development, and technological improvements, which would hinder rental firms' capacity to develop and flourish in a cutthroat industry.

Power rental Market Ecosystem

Leading companies in this market include well-established, financially secure providers of power rental. These corporations have been long operating in the market and have a differentiated product portfolio, modern manufacturing technologies, and robust sales and marketing networks. Major companies in this market include Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US), Caterpillar (US), Cummins Inc (US).

Power Rental Market Ecosystem

The retail rental segment is expected to be the largest market by rental type during the forecast period.

By rental type, the power rental market is divided into retail rental and project rental. The retail rental segment is expected to be the largest in the market since in developed markets such as North America and Europe, customer requirements tend to be relatively more minor, short-term, but often complex projects and key events. Thus, various key companies are focusing on offering rental solutions for power, heating, and cooling. For instance, Aggreko Plc provided onsite power, cooling, and heating for over 100 tents and facilities, including grandstands, catering and hospitality, giant spectator video screens, operations buildings, the PGA Championship Golf Shop, the International Pavilion, and the opening and closing ceremonies. Therefore, there is an increasing demand for retail rental services that provide continuous power supply during peak hours and power outages.

By end user, the utilities segment is expected to be the largest segment during the forecast period.

This report segments the power rental market based on sources into utilities, oil & gas, mining & metals, manufacturing, construction, it & data centers, corporate & retail, events, and others.

The utilities segment is expected to be the largest in the market. Utilities play a critical role in power generation, transmission, and distribution, providing electricity to residential, commercial, and industrial customers. Utilities often require temporary or supplementary power solutions to support maintenance activities, grid upgrades, peak demand periods, and emergency response efforts. Power rental services offer utilities a flexible and cost-effective option for accessing additional power capacity during these times, ensuring uninterrupted service to customers and maintaining grid stability.

“North America”: The largest in the power rental market.

North America emerges as the largest region in the power rental market. North America has a mature and well-established economy with a high level of industrialization, urbanization, and infrastructure development. This drives demand for temporary power solutions in various sectors, including construction, manufacturing, oil and gas, utilities, events, and entertainment. As a result, the region has a large and diverse customer base for power rental services, contributing to market growth. Moreover, North America has a robust regulatory framework and reliable power infrastructure, which makes it conducive to the adoption of power rental solutions.

North American Power Rental Market Size, and Share

Key Market Players

The power rental market is dominated by a few major players that have a wide regional presence. The major players in the market are Aggerko (UK), Ashtead Group plc (UK), United Rentals, Inc. (US), Caterpillar (US), Cummins Inc (US). Between 2020 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD)

Segments Covered

Fuel type, equipment, power rating, application, rental type, end user

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

Aggreko (UK), Ashtead group plc (UK), United Rentals, Inc. (US), Herc Rentals Inc. (US), Generac Power Systems, Inc. (US), Wacker Neuson SE(Germany) and Caterpillar (US), Atlas Copco AB (Sweden), Cummins Inc. (US), Briggs & Stratton (US), Shenton Group (UK), Saini Diesel Power Service Pvt Ltd. (India), Multiquip Inc (US), and Allmand Bros. (US), Koher (US), Brednoord (Netherlands), Aska power generation (Turkey), and Al Faris (Dubai), Trinnity  power (Canada), Mordern energy rental (India), T&T Power Group (Canada), Perennial Technologies (India), Fuel Gard Fuel Supply Systems (US) and Indeck power (US)

This research report categorizes the power rating market by fuel type, equipment, power rating, application, rental type, end user and region

On the basis of fuel type, the power rental market has been segmented as follows:
  • Diesel
  • Natural gas
  • Other Fuel Type
On the basis of equipment, the market has been segmented as follows:
  • Generators
  • Transformers
  • Load Banks
  • Other Equipment
On the basis of power rating, the market has been segmented as follows:
  • Up to 50 kW
  • 51-500 kW
  • 501-2500 kW
  • Above 2500 kW
On the basis of application, the market has been segmented as follows:
  • Peak Shaving
  • Standby Power
  • Base load/continuous power
On the basis of rental type, the market has been segmented as follows:
  • Retail Rental
  • Project Rental
On the basis of end user, the market has been segmented as follows:
  • Utilities
  • Oil & gas
  • Mining & metals
  • Manufacturing
  • Construction
  • IT & Data centers
  • Corporate & Retail
  • Events
  • Others
On the basis of region, the market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2022, United Rentals completed the acquisition of assets of Ahern Rentals. The acquisition, treated as a business combination, involved the eighth-largest equipment rental company in North America, primarily serving customers in the construction and industrial sectors across 30 states. The strategic move aims to increase capacity in key geographies, enhance the availability of high-demand equipment, and create cross-sell opportunities for an expanded customer base.
  • In February 2023, Caterpillar Inc. has announced the introduction of the Cat® XQ330 mobile diesel generator set, a new power solution for standby and prime power applications that meets U.S. EPA Tier 4 Final emission standards. The XQ330 is powered by a fuel-efficient Cat C9.
  • In June 2022, Cummins Inc. launched a new 1MW twinpack rental generator, the C1000D6RE. The C1000D6RE is a 40ft power unit that combines two Cummins 15L, 500kW generators into a single container and is capable of withstanding extreme weather conditions and has a full sound attenuation package to minimize noise levels.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    1.2.1.1 Power rental market: Inclusions and exclusions, by end user
                    1.2.1.2 market: Inclusions and exclusions, by fuel type
                    1.2.1.3 market: Inclusions and exclusions, by power rating
                    1.2.1.4 market: Inclusions and exclusions, by application
                    1.2.1.5 market: Inclusions and exclusions, by equipment
                    1.2.1.6 market: Inclusions and exclusions, by rental type
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA 
           FIGURE 1 POWER RENTAL MARKET: RESEARCH DESIGN
           FIGURE 2 DATA TRIANGULATION
    2.2 SECONDARY DATA 
           2.2.1 KEY SECONDARY SOURCES
    2.3 PRIMARY DATA 
           FIGURE 3 KEY INDUSTRY INSIGHTS
           FIGURE 4 BREAK DOWN OF PRIMARIES
    2.4 SCOPE 
           FIGURE 5 MAIN METRICS CONSIDERED TO ASSESS DEMAND FOR POWER RENTAL SOLUTIONS
    2.5 MARKET SIZE ESTIMATION 
           2.5.1 DEMAND-SIDE ANALYSIS
                    FIGURE 6 YEAR-ON-YEAR CAPACITY ADDITION OF POWER RENTAL TECHNOLOGY ACROSS COUNTRIES
                    2.5.1.1 Assumptions for demand-side analysis
                    2.5.1.2 Calculations for demand-side analysis
           2.5.2 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 YEAR-ON-YEAR REVENUE OF COMPANIES PROVIDING POWER RENTAL EQUIPMENT ACROSS REGIONS
                    2.5.2.1 Calculations for supply-side analysis
                               FIGURE 8 ILLUSTRATION OF SUPPLY-SIDE CALCULATIONS
    2.6 FORECAST 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    TABLE 1 GLOBAL POWER RENTAL MARKET SNAPSHOT 
    FIGURE 9 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2023 
    FIGURE 10 UTILITIES SEGMENT TO DOMINATE POWER RENTAL MARKET FROM  2023 TO 2029 
    FIGURE 11 501–2,500 KW SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 
    FIGURE 12 GENERATORS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 
    FIGURE 13 DIESEL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 
    FIGURE 14 BASE LOAD/CONTINUOUS POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 
    FIGURE 15 RETAIL RENTAL SEGMENT TO HOLD LARGER MARKET SHARE IN 2029 
 
4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER RENTAL MARKET 
           FIGURE 16 FREQUENT POWER OUTAGES AND SURGING DEMAND FOR UNINTERRUPTED & RELIABLE POWER SUPPLY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
    4.2 POWER RENTAL MARKET, BY REGION 
           FIGURE 17 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY END USER 
           FIGURE 18 UTILITIES SEGMENT HELD LARGEST MARKET SHARE IN 2023
    4.4 MARKET, BY APPLICATION 
           FIGURE 19 BASELOAD/CONTINUOUS POWER SEGMENT DOMINATED MARKET IN 2023
    4.5 MARKET, BY POWER RATING 
           FIGURE 20 501–2,000 KW SEGMENT HELD LARGEST MARKET SHARE IN 2023
    4.6 MARKET, BY FUEL TYPE 
           FIGURE 21 DIESEL SEGMENT TO DOMINATE MARKET IN 2023
    4.7 MARKET, BY EQUIPMENT 
           FIGURE 22 GENERATORS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
    4.8 MARKET, BY RENTAL TYPE 
           FIGURE 23 RETAIL RENTAL SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2023
 
5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 POWER RENTAL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rapid industrialization in developing economies of Asia Pacific
                    5.2.1.2 Surging demand for uninterrupted and reliable power supply
                               FIGURE 25 GLOBAL AND REGIONAL PERCENTAGE CHANGES IN ELECTRICITY DEMAND, 2019–2025
                    5.2.1.3 Growing need for electrification and continuous power supply in developing regions
           5.2.2 RESTRAINTS
                    5.2.2.1 Growing adoption of renewable energy sources and energy storage technologies
                               FIGURE 26 INSTALLED RENEWABLE ELECTRICITY GENERATION CAPACITY, 2020–2050
                               FIGURE 27 INSTALLATION OF BATTERY STORAGE CAPACITY, 2016–2023
                    5.2.2.2 Stringent government regulations to reduce air and noise pollution by generators
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of power rental equipment with renewable energy sources
                    5.2.3.2 Technological advancements in power rental equipment for operational enhancement
           5.2.4 CHALLENGES
                    5.2.4.1 Increased operating expenditure of diesel generators owing to high fuel prices
                    5.2.4.2 Raw material and component shortage and sudden fluctuation in demand for power rental equipment
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 2 COMPANIES AND THEIR ROLES IN POWER RENTAL ECOSYSTEM
           FIGURE 29 POWER RENTAL MARKET: ECOSYSTEM ANALYSIS
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 30 MARKET: VALUE CHAIN ANALYSIS
           5.5.1 COMPONENT MANUFACTURES
           5.5.2 EQUIPMENT MANUFACTURERS/ASSEMBLERS
           5.5.3 END USERS
           5.5.4 MAINTENANCE AND REPAIR SERVICE PROVIDERS
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 DIRECT POWER INSTALLATION TECHNOLOGY
           5.6.2 POWER MANAGEMENT SYSTEMS
           5.6.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS
           5.6.4 SMART POWER RENTALS
    5.7 PATENT ANALYSIS 
           FIGURE 31 PATENT REGISTRATIONS FOR POWER RENTAL PRODUCTS AND EQUIPMENT, 2020–2023
           TABLE 3 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2023
    5.8 TRADE ANALYSIS 
           5.8.1 IMPORT AND EXPORT SCENARIOS
                    TABLE 4 IMPORT DATA FOR HS CODE 8501 GENERATORS, 2020–2022 (USD MILLION)
                    TABLE 5 EXPORT DATA FOR HS CODE 8501 GENERATORS, 2020–2022 (USD MILLION)
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE 24-HOUR RENTAL PRICE OF GENERATORS, BY POWER RATING
                    FIGURE 32 AVERAGE 24-HOUR RENTAL PRICE OF GENERATORS, BY POWER RATING, 2021, 2022, 2023, AND 2029
                    TABLE 6 AVERAGE 24-HOUR RENTAL PRICE OF GENERATORS, BY POWER RATING, 2021,  2022, 2023, AND 2028 (USD)
           5.9.2 AVERAGE 24-HOUR RENTAL PRICE OF GENERATORS, BY REGION
                    TABLE 7 AVERAGE 24-HOUR RENTAL PRICE OF GENERATORS, BY REGION, 2020, 2021, 2022, AND 2029
                    FIGURE 33 AVERAGE 24-HOUR RENTAL PRICE TREND, BY REGION, 2020, 2021,  2022, AND 2029
    5.10 TARIFF AND REGULATORY LANDSCAPE 
           5.10.1 TARIFFS
                    TABLE 8 IMPORT TARIFF LEVIED ON HS 850161 AC GENERATORS OF OUTPUT <75 KVA
                    TABLE 9 IMPORT TARIFF LEVIED ON HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA
                    TABLE 10 IMPORT TARIFF LEVIED ON HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA
                    TABLE 11 IMPORT TARIFF LEVIED ON HS 850164 AC GENERATORS OF OUTPUT >750 KVA
           5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 16 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           5.10.3 REGULATIONS RELATED TO GENERATOR SETS
                    TABLE 17 GENERATOR SALES MARKET: REGULATIONS
    5.11 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 34 POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 18 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 BARGAINING POWER OF SUPPLIERS
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 THREAT OF SUBSTITUTES
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 CASE STUDY ANALYSIS 
           5.12.1 MEMS PROVIDED POWER SUPPLY TO NHS NIGHTINGALE HOSPITAL IN LONDON IN SHORT SPAN
           5.12.2 AGGREKO PROVIDED POWER RENTAL SOLUTIONS FOR 4 MW OFF-GRID GAS PLANT FOR MINE REOPENING
           5.12.3 PR POWER PROVIDED POWER RENTAL EQUIPMENT IN SHORT SPAN IN WESTERN AUSTRALIA
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER
                    TABLE 19 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER
           5.13.2 BUYING CRITERIA
                    FIGURE 36 KEY BUYING CRITERIA FOR TOP END USERS
                    TABLE 20 KEY BUYING CRITERIA FOR TOP END USERS
    5.14 KEY CONFERENCES AND EVENTS, 2024 
                    TABLE 21 MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024
 
6 POWER RENTAL MARKET, BY RENTAL TYPE (Page No. - 100)
    6.1 INTRODUCTION 
           FIGURE 37 RETAIL RENTAL SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2023
           TABLE 22 MARKET, BY RENTAL TYPE, 2020–2022 (USD MILLION)
                    TABLE 23 POWER RENTAL MARKET, BY RENTAL TYPE, 2023–2029 (USD MILLION)
    6.2 RETAIL RENTAL 
           6.2.1 REQUIREMENT FOR CONTINUOUS POWER SUPPLY DURING PEAK HOURS AND POWER OUTAGES TO DRIVE MARKET
                    TABLE 24 RETAIL RENTAL: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 25 RETAIL RENTAL: MARKET, BY REGION, 2023–2029 (USD MILLION)
    6.3 PROJECT RENTAL 
           6.3.1 GROWING DEMAND FOR RENTAL POWER IN UTILITIES AND LONG-DURATION PROJECTS TO DRIVE MARKET
                    TABLE 26 PROJECT RENTAL: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 27 PROJECT RENTAL: MARKET, BY REGION 2023–2029 (USD MILLION)
 
7 POWER RENTAL MARKET, BY POWER RATING (Page No. - 104)
    7.1 INTRODUCTION 
           FIGURE 38 501–2,500 KW SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
           TABLE 28 MARKET, BY POWER RATING, 2020–2022 (USD MILLION)
           TABLE 29 POWER RENTAL MARKET, BY POWER RATING, 2023–2029 (USD MILLION)
    7.2 UP TO 50 KW 
           7.2.1 PORTABILITY AND EASE IN TRANSPORTATION TO DRIVE DEMAND
                    TABLE 30 UP TO 50 KW: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 31 UP TO 50 KW: MARKET, BY REGION, 2023–2029 (USD MILLION)
    7.3 51–500 KW 
           7.3.1 HIGH INVESTMENTS IN OIL & GAS AND CONSTRUCTION INDUSTRIES TO FUEL DEMAND
                    TABLE 32 51–500 KW: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 33 51–500 KW: MARKET, BY REGION, 2023–2029 (USD MILLION)
    7.4 501–2,500 KW 
           7.4.1 RISING USE TO PROVIDE STANDBY AND BASE LOAD/CONTINUOUS POWER SUPPLY DURING POWER OUTAGES TO DRIVE MARKET
                    TABLE 34 501–2,500 KW: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 35 501–2,500 KW: MARKET, BY REGION, 2023–2029 (USD MILLION)
    7.5 ABOVE 2500 KW 
           7.5.1 REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY IN MINING AND OFFSHORE OIL & GAS OPERATIONS TO DRIVE DEMAND
                    TABLE 36 ABOVE 2,500 KW: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 37 ABOVE 2,500 KW: MARKET, BY REGION, 2023–2029 (USD MILLION)
 
8 POWER RENTAL MARKET, BY FUEL TYPE (Page No. - 111)
    8.1 INTRODUCTION 
           FIGURE 39 DIESEL SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2023
           TABLE 38 MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
           TABLE 39 MARKET, BY FUEL TYPE, 2023–2029 (USD MILLION)
    8.2 DIESEL 
           8.2.1 EASY AVAILABILITY AND STORAGE OF DIESEL TO DRIVE MARKET
                    TABLE 40 DIESEL: POWER RENTAL MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 41 DIESEL: MARKET, BY REGION, 2023–2029 (USD MILLION)
    8.3 NATURAL GAS 
           8.3.1 EXPANDING GAS DISTRIBUTION NETWORK TO DRIVE MARKET
                    TABLE 42 NATURAL GAS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 43 NATURAL GAS: MARKET, BY REGION 2023–2029 (USD MILLION)
    8.4 OTHER FUEL TYPES 
           TABLE 44 OTHER FUEL TYPES: MARKET, BY REGION, 2020–2022 (USD MILLION)
           TABLE 45 OTHER FUEL TYPES: MARKET, BY REGION, 2023–2029 (USD MILLION)
 
9 POWER RENTAL MARKET, BY EQUIPMENT (Page No. - 117)
    9.1 INTRODUCTION 
           FIGURE 40 GENERATORS SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2023
           TABLE 46 MARKET, BY EQUIPMENT, 2020–2022 (USD MILLION)
           TABLE 47 MARKET, BY EQUIPMENT, 2023–2029 (USD MILLION)
    9.2 GENERATORS 
           9.2.1 RISING USE OF GENERATORS FOR STANDBY POWER APPLICATIONS IN TELECOMMUNICATIONS AND DATA CENTER INDUSTRIES TO DRIVE MARKET
                    TABLE 48 GENERATORS: POWER RENTAL MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 49 GENERATORS: MARKET, BY REGION, 2023–2029 (USD MILLION)
    9.3 TRANSFORMERS 
           9.3.1 AGING T&D NETWORK TO DRIVE DEMAND
                    TABLE 50 TRANSFORMERS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 51 TRANSFORMERS: MARKET, BY REGION 2023–2029 (USD MILLION)
    9.4 LOAD BANKS 
           9.4.1 RISING POWER PLANT INSTALLATIONS WORLDWIDE TO FUEL DEMAND
                    TABLE 52 LOAD BANKS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 53 LOAD BANKS: MARKET, BY REGION, 2023–2029 (USD MILLION)
    9.5 OTHER EQUIPMENT 
           TABLE 54 OTHER EQUIPMENT: MARKET, BY REGION, 2020–2022 (USD MILLION)
           TABLE 55 OTHER EQUIPMENT: MARKET, BY REGION, 2023–2029 (USD MILLION)
 
10 POWER RENTAL MARKET, BY END USER (Page No. - 123)
     10.1 INTRODUCTION 
               FIGURE 41 UTILITIES SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2023
               TABLE 56 MARKET, BY END USER, 2020–2022 (USD MILLION)
               TABLE 57 MARKET, BY END USER, 2023–2029 (USD MILLION)
     10.2 UTILITIES 
             10.2.1 INCREASING REQUIREMENT FOR CONTINUOUS POWER TO DRIVE DEMAND
                       TABLE 58 UTILITIES: POWER RENTAL MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 59 UTILITIES: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.3 OIL & GAS 
             10.3.1 INCREASING OIL & GAS EXPLORATION TO FUEL DEMAND
                       TABLE 60 OIL & GAS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 61 OIL & GAS: MARKET, BY REGION 2023–2029 (USD MILLION)
     10.4 METALS & MINING 
             10.4.1 GROWING EXPLORATION OF METALS & MINERALS TO FUEL DEMAND
                       TABLE 62 METALS & MINING: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 63 METALS & MINING: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.5 MANUFACTURING 
             10.5.1 INCREASING INVESTMENTS IN ASIA PACIFIC MANUFACTURING SECTOR TO DRIVE MARKET
                       TABLE 64 MANUFACTURING: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 65 MANUFACTURING: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.6 CONSTRUCTION 
             10.6.1 RISE IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTHEAST ASIA TO DRIVE MARKET
                       TABLE 66 CONSTRUCTION: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 67 CONSTRUCTION: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.7 IT & DATA CENTERS 
             10.7.1 INCREASING NUMBER OF DATA CENTERS TO FUEL MARKET GROWTH
                       TABLE 68 IT & DATA CENTERS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 69 IT & DATA CENTERS: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.8 CORPORATE & RETAIL 
             10.8.1 HIGH INVESTMENTS IN CORPORATE SECTOR BY PUBLIC AND PRIVATE ENTERPRISES TO DRIVE MARKET
                       TABLE 70 CORPORATE & RETAIL: MARKET, BY REGION,  2020–2022 (USD MILLION)
                       TABLE 71 CORPORATE & RETAIL: MARKET, BY REGION,  2023–2029 (USD MILLION)
     10.9 EVENTS 
             10.9.1 RISING NUMBER OF PUBLIC EVENTS TO FUEL DEMAND
                       TABLE 72 EVENTS: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 73 EVENTS: MARKET, BY REGION, 2023–2029 (USD MILLION)
     10.10 OTHER END USERS 
               TABLE 74 OTHER END USERS: MARKET, BY REGION, 2020–2022 (USD MILLION)
               TABLE 75 OTHER END USERS: MARKET, BY REGION, 2023–2029 (USD MILLION)
 
11 POWER RENTAL MARKET, BY APPLICATION (Page No. - 135)
     11.1 INTRODUCTION 
               FIGURE 42 BASE LOAD/CONTINUOUS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
               TABLE 76 MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
               TABLE 77 POWER RENTAL MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
     11.2 PEAK SHAVING 
             11.2.1 NEED TO REDUCE UTILITY COSTS TO DRIVE DEMAND
                       TABLE 78 PEAK SHAVING: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 79 PEAK SHAVING: MARKET, BY REGION, 2023–2029 (USD MILLION)
     11.3 STANDBY POWER 
             11.3.1 REQUIREMENT FOR POWER DURING GRID OUTAGES TO DRIVE DEMAND
                       TABLE 80 STANDBY POWER: MARKET, BY REGION, 2020–2022 (USD MILLION)
                       TABLE 81 STANDBY POWER: MARKET, BY REGION 2023–2029 (USD MILLION)
     11.4 BASE LOAD/CONTINUOUS POWER 
             11.4.1 INCREASING DEMAND IN UTILITIES AND MINING INDUSTRY TO FUEL MARKET GROWTH
                       TABLE 82 BASE LOAD/CONTINUOUS POWER: MARKET, BY REGION,  2020–2022 (USD MILLION)
                       TABLE 83 BASE LOAD/CONTINUOUS POWER: MARKET, BY REGION,  2023–2029 (USD MILLION)
 
12 POWER RENTAL MARKET, BY REGION (Page No. - 140)
     12.1 INTRODUCTION 
               FIGURE 43 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
               FIGURE 44 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2023
               TABLE 84 MARKET, BY REGION, 2020–2022 (USD MILLION)
               TABLE 85 MARKET, BY REGION, 2023–2029 (USD MILLION)
     12.2 EUROPE 
             12.2.1 EUROPEAN MARKET: RECESSION IMPACT
                       TABLE 86 EUROPE: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
                       TABLE 87 EUROPE: MARKET, BY FUEL TYPE, 2023–2029 (USD MILLION)
                       TABLE 88 EUROPE: MARKET, BY EQUIPMENT, 2020–2022 (USD MILLION)
                       TABLE 89 EUROPE: MARKET, BY EQUIPMENT, 2023–2029 (USD MILLION)
                       TABLE 90 EUROPE: MARKET, BY POWER RATING, 2020–2022 (USD MILLION)
                       TABLE 91 EUROPE: MARKET, BY POWER RATING, 2023–2029 (USD MILLION)
                       TABLE 92 EUROPE: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                       TABLE 93 EUROPE: MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                       TABLE 94 EUROPE: MARKET, BY RENTAL TYPE, 2020–2022 (USD MILLION)
                       TABLE 95 EUROPE: MARKET, BY RENTAL TYPE, 2023–2029 (USD MILLION)
                       TABLE 96 EUROPE: MARKET, BY END USER, 2020–2022 (USD MILLION)
                       TABLE 97 EUROPE: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       TABLE 98 EUROPE: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                       TABLE 99 EUROPE: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                       12.2.1.1 Germany
                                   12.2.1.1.1 Need for reliable backup power in manufacturing, data center, and construction sectors to boost market growth
                                                       TABLE 100 GERMANY: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 101 GERMANY: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.2.1.2 UK
                                   12.2.1.2.1 Rapid industrialization to drive market
                                                       TABLE 102 UK: POWER RENTAL MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 103 UK: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.2.1.3 Russia
                                   12.2.1.3.1 Steady growth in renewable power generation to fuel market growth
                                                       TABLE 104 RUSSIA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 105 RUSSIA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.2.1.4 France
                                   12.2.1.4.1 Rising demand for power rental solutions in mining industry and major events to drive market
                                                       TABLE 106 FRANCE: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 107 FRANCE: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.2.1.5 Italy
                                   12.2.1.5.1 Government-led investments in mining industry and increasing demand for rental power solutions in utilities to drive market
                                   TABLE 108 ITALY: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 109 ITALY: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.2.1.6 Rest of Europe
                                   TABLE 110 REST OF EUROPE: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 111 REST OF EUROPE: MARKET, BY END USER, 2023–2029 (USD MILLION)
     12.3 NORTH AMERICA 
               FIGURE 45 NORTH AMERICA: MARKET SNAPSHOT
             12.3.1 NORTH AMERICAN MARKET: RECESSION IMPACT
                       TABLE 112 NORTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
                       TABLE 113 NORTH AMERICA: MARKET, BY FUEL TYPE, 2023–2029 (USD MILLION)
                       TABLE 114 NORTH AMERICA: MARKET, BY EQUIPMENT, 2020–2022 (USD MILLION)
                       TABLE 115 NORTH AMERICA: MARKET, BY EQUIPMENT, 2023–2029 (USD MILLION)
                       TABLE 116 NORTH AMERICA: MARKET, BY POWER RATING,  2020–2022 (USD MILLION)
                       TABLE 117 NORTH AMERICA: MARKET, BY POWER RATING,  2023–2029 (USD MILLION)
                       TABLE 118 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                       TABLE 119 NORTH AMERICA: MARKET, BY APPLICATION,  2023–2029 (USD MILLION)
                       TABLE 120 NORTH AMERICA: MARKET, BY RENTAL TYPE, 2020–2022 (USD MILLION)
                       TABLE 121 NORTH AMERICA: MARKET, BY RENTAL TYPE,  2023–2029 (USD MILLION)
                       TABLE 122 NORTH AMERICA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                       TABLE 123 NORTH AMERICA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       TABLE 124 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                       TABLE 125 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                       12.3.1.1 US
                                   12.3.1.1.1 Increasing investment in construction, oil & gas exploration, and mining activities to drive market
                                                       TABLE 126 US: POWER RENTAL MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 127 US: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.3.1.2 Canada
                                   12.3.1.2.1 Rising initiation of new mining and construction projects to boost market growth
                                                       TABLE 128 CANADA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 129 CANADA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.3.1.3 Mexico
                                   12.3.1.3.1 Increasing investments in oil & gas and data center industries to fuel market growth
                                                       TABLE 130 MEXICO: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 131 MEXICO: MARKET, BY END USER, 2023–2029 (USD MILLION)
     12.4 ASIA PACIFIC 
               FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT
             12.4.1 ASIA PACIFIC MARKET: RECESSION IMPACT
                       TABLE 132 ASIA PACIFIC: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
                       TABLE 133 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2023–2029 (USD MILLION)
                       TABLE 134 ASIA PACIFIC: MARKET, BY EQUIPMENT, 2020–2022 (USD MILLION)
                       TABLE 135 ASIA PACIFIC: MARKET, BY EQUIPMENT, 2023–2029 (USD MILLION)
                       TABLE 136 ASIA PACIFIC: MARKET, BY POWER RATING, 2020–2022 (USD MILLION)
                       TABLE 137 ASIA PACIFIC: MARKET, BY POWER RATING, 2023–2029 (USD MILLION)
                       TABLE 138 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                       TABLE 139 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                       TABLE 140 ASIA PACIFIC: MARKET, BY RENTAL TYPE, 2020–2022 (USD MILLION)
                       TABLE 141 ASIA PACIFIC: MARKET, BY RENTAL TYPE, 2023–2029 (USD MILLION)
                       TABLE 142 ASIA PACIFIC: MARKET, BY END USER, 2020–2022 (USD MILLION)
                       TABLE 143 ASIA PACIFIC: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       TABLE 144 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                       TABLE 145 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
             12.4.2 CHINA
                       12.4.2.1 Rise in energy demand due to rapid urbanization and industrialization to drive market
                                   TABLE 146 CHINA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 147 CHINA: MARKET, BY END USER, 2023–2029 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Increased need for reliable electricity and rapid economic growth to drive market
                                   TABLE 148 INDIA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 149 INDIA: MARKET, BY END USER, 2023–2029 (USD MILLION)
             12.4.4 AUSTRALIA
                       12.4.4.1 Increased construction and mining activities to accelerate market growth
                                   TABLE 150 AUSTRALIA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 151 AUSTRALIA: MARKET, BY END USER, 2023–2029 (USD MILLION)
             12.4.5 JAPAN
                       12.4.5.1 High demand from utilities due to renovation of grid infrastructure to drive market
                                   TABLE 152 JAPAN: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 153 JAPAN: MARKET, BY END USER, 2023–2029 (USD MILLION)
             12.4.6 SOUTH KOREA
                       12.4.6.1 Rising investments in manufacturing sector and marine industry to drive market
                                   TABLE 154 SOUTH KOREA: POWER RENTAL MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 155 SOUTH KOREA: MARKET, BY END USER, 2023–2029 (USD MILLION)
             12.4.7 BANGLADESH
                       12.4.7.1 Expanding manufacturing sector and underdeveloped T&D infrastructure to drive market
                                   TABLE 156 BANGLADESH: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                   TABLE 157 BANGLADESH: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.4.7.2 Rest of Asia Pacific
                                   TABLE 158 REST OF ASIA PACIFIC: MARKET, BY END USER,  2020–2022 (USD MILLION)
                                   TABLE 159 REST OF ASIA PACIFIC: MARKET, BY END USER,  2023–2029 (USD MILLION)
     12.5 SOUTH AMERICA 
             12.5.1 SOUTH AMERICAN MARKET: RECESSION IMPACT
                       TABLE 160 SOUTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
                       TABLE 161 SOUTH AMERICA: MARKET, BY FUEL TYPE, 2023–2029 (USD MILLION)
                       TABLE 162 SOUTH AMERICA: MARKET, BY EQUIPMENT, 2020–2022 (USD MILLION)
                       TABLE 163 SOUTH AMERICA: MARKET, BY EQUIPMENT, 2023–2029 (USD MILLION)
                       TABLE 164 SOUTH AMERICA: MARKET, BY POWER RATING,  2020–2022 (USD MILLION)
                       TABLE 165 SOUTH AMERICA: MARKET, BY POWER RATING,  2023–2029 (USD MILLION)
                       TABLE 166 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                       TABLE 167 SOUTH AMERICA: MARKET, BY APPLICATION,  2023–2029 (USD MILLION)
                       TABLE 168 SOUTH AMERICA: MARKET, BY RENTAL TYPE, 2020–2022 (USD MILLION)
                       TABLE 169 SOUTH AMERICA: MARKET, BY RENTAL TYPE, 2023–2029 (USD MILLION)
                       TABLE 170 SOUTH AMERICA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                       TABLE 171 SOUTH AMERICA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       TABLE 172 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                       TABLE 173 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                       12.5.1.1 Brazil
                                   12.5.1.1.1 Increasing investments in mining industry and expansion of data centers to propel demand
                                                       TABLE 174 BRAZIL: POWER RENTAL MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 175 BRAZIL: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.5.1.2 Argentina
                                   12.5.1.2.1 Investments in oil & gas and mining industries and manufacturing sector to fuel demand
                                                       TABLE 176 ARGENTINA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 177 ARGENTINA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.5.1.3 Chile
                                   12.5.1.3.1 Infrastructure development and expansion of mining industry to augment market growth
                                                       TABLE 178 CHILE: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 179 CHILE: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.5.1.4 Rest of South America
                                                       TABLE 180 REST OF SOUTH AMERICA: MARKET, BY END USER,  2020–2022 (USD MILLION)
                                                       TABLE 181 REST OF SOUTH AMERICA: MARKET, BY END USER,  2023–2029 (USD MILLION)
     12.6 MIDDLE EAST & AFRICA 
             12.6.1 MIDDLE EASTERN & AFRICAN MARKET:  RECESSION IMPACT
                       TABLE 182 MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY FUEL TYPE,  2020–2022 (USD MILLION)
                       TABLE 183 MIDDLE EAST & AFRICA: MARKET, BY FUEL TYPE,  2023–2029 (USD MILLION)
                       TABLE 184 MIDDLE EAST & AFRICA: MARKET, BY EQUIPMENT,  2020–2022 (USD MILLION)
                       TABLE 185 MIDDLE EAST & AFRICA: MARKET, BY EQUIPMENT,  2023–2029 (USD MILLION)
                       TABLE 186 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING,  2020–2022 (USD MILLION)
                       TABLE 187 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING,  2023–2029 (USD MILLION)
                       TABLE 188 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2020–2022 (USD MILLION)
                       TABLE 189 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2023–2029 (USD MILLION)
                       TABLE 190 MIDDLE EAST & AFRICA: MARKET, BY RENTAL TYPE,  2020–2022 (USD MILLION)
                       TABLE 191 MIDDLE EAST & AFRICA: MARKET, BY RENTAL TYPE,  2023–2029 (USD MILLION)
                       TABLE 192 MIDDLE EAST & AFRICA: MARKET, BY END USER,  2020–2022 (USD MILLION)
                       TABLE 193 MIDDLE EAST & AFRICA: MARKET, BY END USER,  2023–2029 (USD MILLION)
                       TABLE 194 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY,  2020–2022 (USD MILLION)
                       TABLE 195 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY,  2023–2029 (USD MILLION)
                       TABLE 196 GCC COUNTRIES: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                       TABLE 197 GCC COUNTRIES: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                       12.6.1.1 GCC countries
                                   12.6.1.1.1 Increasing foreign direct investments in renewable energy and infrastructure development to accelerate market growth
                       12.6.1.2 Saudi Arabia
                                   12.6.1.2.1 Rising investments in oil & gas and data center industries to fuel market growth
                                                       TABLE 198 SAUDI ARABIA: POWER RENTAL MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 199 SAUDI ARABIA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.6.1.3 UAE
                                   12.6.1.3.1 Rising demand from construction industry, oilfields, and manufacturing sector to drive market
                                                       TABLE 200 UAE: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 201 UAE: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.6.1.4 Qatar
                                   12.6.1.4.1 Increasing number of events and expanding construction industry to drive market
                                                       TABLE 202 QATAR: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 203 QATAR: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.6.1.5 Rest of GCC countries
                                   TABLE 204 REST OF GCC COUNTRIES: MARKET, BY END USER,  2020–2022 (USD MILLION)
                                   TABLE 205 REST OF GCC COUNTRIES: MARKET, BY END USER,  2023–2029 (USD MILLION)
                       12.6.1.6 Nigeria
                                   12.6.1.6.1 High dependence on rental generators to provide continued power supply to drive market
                                                       TABLE 206 NIGERIA: MARKET, BY END USER, 2020–2022 (USD MILLION)
                                                       TABLE 207 NIGERIA: MARKET, BY END USER, 2023–2029 (USD MILLION)
                       12.6.1.7 Rest of Middle East & Africa
                                   TABLE 208 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER,  2020–2022 (USD MILLION)
                                   TABLE 209 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER,  2023–2029 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 205)
     13.1 OVERVIEW 
     13.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 
               TABLE 210 MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS,  2020–2023
     13.3 MARKET SHARE ANALYSIS, 2022 
               FIGURE 47 POWER RENTAL MARKET SHARE ANALYSIS OF FIVE KEY PLAYERS, 2022
               TABLE 211 MARKET: DEGREE OF COMPETITION, 2022
               FIGURE 48 INDUSTRY CONCENTRATION, 2023
     13.4 REVENUE ANALYSIS, 2018–2022 
               FIGURE 49 MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS,  2018–2022
     13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             13.5.1 STARS
             13.5.2 PERVASIVE PLAYERS
             13.5.3 EMERGING LEADERS
             13.5.4 PARTICIPANTS
                       FIGURE 50 MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
             13.5.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023
                       13.5.5.1 Overall footprint
                                   TABLE 212 OVERALL COMPANY FOOTPRINT
                       13.5.5.2 Fuel type footprint
                                   TABLE 213 COMPANY FUEL TYPE FOOTPRINT
                       13.5.5.3 Equipment footprint
                                   TABLE 214 COMPANY EQUIPMENT FOOTPRINT
                       13.5.5.4 Power rating footprint
                                   TABLE 215 COMPANY POWER RATING FOOTPRINT
                       13.5.5.5 Application footprint
                                   TABLE 216 COMPANY APPLICATION FOOTPRINT
                       13.5.5.6 Rental type footprint
                                   TABLE 217 COMPANY RENTAL TYPE FOOTPRINT
                       13.5.5.7 End user footprint
                                   TABLE 218 COMPANY END USER FOOTPRINT
                       13.5.5.8 Regional footprint
                                   TABLE 219 COMPANY REGION FOOTPRINT
     13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                       FIGURE 51 POWER RENTAL MARKET: COMPANY EVALUATION MATRIX:  START-UPS/SMES, 2023
             13.6.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
                       13.6.5.1 List of key start-ups/SMEs
                                   TABLE 220 MARKET: LIST OF KEY START-UPS/SMES
                       13.6.5.2 Competitive benchmarking of start-ups/SMEs
                                   TABLE 221 MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
     13.7 COMPETITIVE SCENARIOS AND TRENDS 
             13.7.1 PRODUCT LAUNCHES
                       TABLE 222 MARKET: PRODUCT LAUNCHES, OCTOBER 2020–JUNE 2022
             13.7.2 DEALS
                       TABLE 223 MARKET: DEALS, JANUARY 2020–AUGUST 2022
 
14 COMPANY PROFILES (Page No. - 225)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     14.1 KEY PLAYERS 
             14.1.1 AGGREKO
                       TABLE 224 AGGREKO: COMPANY OVERVIEW
                       TABLE 225 AGGREKO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 226 AGGREKO: PRODUCT LAUNCHES
                       TABLE 227 AGGREKO: DEALS
                       TABLE 228 AGGREKO: OTHERS
             14.1.2 ASHTEAD GROUP PLC
                       TABLE 229 ASHTEAD GROUP PLC: COMPANY OVERVIEW
                       FIGURE 52 ASHTEAD GROUP PLC: COMPANY SNAPSHOT
                       TABLE 230 ASHTEAD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.3 UNITED RENTALS, INC.
                       TABLE 231 UNITED RENTALS, INC.: COMPANY OVERVIEW
                       FIGURE 53 UNITED RENTALS, INC.: COMPANY SNAPSHOT
                       TABLE 232 UNITED RENTALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 233 UNITED RENTALS, INC.: DEALS
                       TABLE 234 UNITED RENTALS, INC.: OTHERS
             14.1.4 ATLAS COPCO AB
                       TABLE 235 ATLAS COPCO AB: COMPANY OVERVIEW
                       FIGURE 54 ATLAS COPCO AB: COMPANY SNAPSHOT
                       TABLE 236 ATLAS COPCO AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 237 ATLAS COPCO AB: PRODUCT LAUNCHES
                       TABLE 238 ATLAS COPCO AB: OTHERS
             14.1.5 CATERPILLAR
                       TABLE 239 CATERPILLAR: COMPANY OVERVIEW
                       FIGURE 55 CATERPILLAR: COMPANY SNAPSHOT
                       TABLE 240 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 241 CATERPILLAR: DEALS
             14.1.6 CUMMINS INC.
                       TABLE 242 CUMMINS INC.: COMPANY OVERVIEW
                       FIGURE 56 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 243 CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 244 CUMMINS INC.: PRODUCT LAUNCHES
             14.1.7 HERC RENTALS INC.
                       TABLE 245 HERC RENTALS INC.: COMPANY OVERVIEW
                       FIGURE 57 HERC RENTALS INC.: COMPANY SNAPSHOT
                       TABLE 246 HERC RENTALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.8 GENERAC POWER SYSTEMS, INC
                       TABLE 247 GENERAC POWER SYSTEMS, INC: COMPANY OVERVIEW
                       FIGURE 58 GENERAC POWER SYSTEMS, INC: COMPANY SNAPSHOT
                       TABLE 248 GENERAC POWER SYSTEMS, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 249 GENERAC POWER SYSTEMS, INC: PRODUCT LAUNCHES
             14.1.9 WACKER NEUSON SE
                       TABLE 250 WACKER NEUSON SE: COMPANY OVERVIEW
                       FIGURE 59 WACKER NEUSON SE: COMPANY SNAPSHOT
                       TABLE 251 WACKER NEUSON SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 252 WACKER NEUSON SE: PRODUCT LAUNCHES
                       TABLE 253 WACKER NEUSON SE: EXPANSIONS
             14.1.10 KOHLER
                                   TABLE 254 KOHLER: COMPANY OVERVIEW
                                   TABLE 255 KOHLER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.11 AKSA POWER GENERATION
                                   TABLE 256 AKSA POWER GENERATION: COMPANY OVERVIEW
                                   TABLE 257 AKSA POWER GENERATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.12 BREDENOORD
                                   TABLE 258 BREDENOORD: COMPANY OVERVIEW
                                   TABLE 259 BREDENOORD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 260 BREDENOORD: DEALS
             14.1.13 ALLMAND BROS.
                                   TABLE 261 ALLMAND BROS: COMPANY OVERVIEW
                                   TABLE 262 ALLMAND BROS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 MODERN ENERGY RENTAL PVT. LTD.
                                   TABLE 263 MODERN ENERGY RENTAL PVT. LTD: COMPANY OVERVIEW
                                   TABLE 264 MODERN ENERGY RENTAL PVT. LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.15 PERENNIAL TECHNOLOGIES
                                   TABLE 265 PERENNIAL TECHNOLOGIES: COMPANY OVERVIEW
                                   TABLE 266 PERENNIAL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.16 CARRIER
                                   TABLE 267 CARRIER: COMPANY OVERVIEW
                                   TABLE 268 CARRIER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.17 FUEL GARD FUEL SUPPLY SYSTEMS
                                   TABLE 269 FUEL GARD FUEL SUPPLY SYSTEMS: COMPANY OVERVIEW
                                   TABLE 270 FUEL GARD FUEL SUPPLY SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.18 INDECK POWER EQUIPMENT COMPANY
                                   TABLE 271 INDECK POWER EQUIPMENT COMPANY: COMPANY OVERVIEW
                                   TABLE 272 INDECK POWER EQUIPMENT COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.19 SAINI DIESEL POWER SERVICE PVT LTD
                                   TABLE 273 SAINI DIESEL POWER SERVICE PVT LTD: COMPANY OVERVIEW
                                   TABLE 274 SAINI DIESEL POWER SERVICE PVT LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.20 MULTIQUIP INC.
                                   TABLE 275 MULTIQUIP INC: COMPANY OVERVIEW
                                   TABLE 276 MULTIQUIP INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 TRINITY POWER
             14.2.2 T&T POWER GROUP
             14.2.3 BRIGGS & STRATTON
             14.2.4 AL FARIS
             14.2.5 SHENTON GROUP
 
15 APPENDIX (Page No. - 289)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the power rental market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and United States Energy Association, to identify and collect information useful for a technical, market-oriented, and commercial study of the global power rental market. The other secondary sources included annual reports of the companies involved in the market, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The power rental market comprises power rental providers, manufacturers of subcomponents of power plant, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for clean energy and energy efficiency. The supply side industry experts such as vice presidents, CEOs, marketing directors, technology directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents: 

Power Rental  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both supply side and demand side analysis were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Identification of major players in the market across countries. Key players in the power rental market include Aggreko, United Rentals, Ashtead Group, Herc Rentals, Caterpillar, Atlas Copco, and Cummins.
  • Determining the revenues and business strategy specifics, such as the inorganic and organic growth strategy details, of major power rental equipment providers.
  • The market share of individual power rental segments, namely, equipment, fuel type, application, power rating, rental type, and end user, are determined by consolidating and evaluating the product offerings of major companies.
  • In addition, country-level demand for power rental equipment from end users, such as utilities, oil & gas, mining & metals, manufacturing, construction, and IT & data centers, and supportive policy developments across regions during the forecast period has been analyzed. The analysed data then verified through primaries to determine the country-wise and regional landscape.

Global Power Rental Market Size: Supply Side Analysis

Power Rental  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Power Rental Market Size: Demand side Analysis

Power Rental  Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. The complete market engineering process is done to arrive at the exact statistics for all the segments and subsegments, also data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by examining various factors and trends from both the demand- and supply sides. Along with this, the market has been validated through both the top-down and bottom-up approaches.

Market Definition

The power rental market is defined as the revenue generated either through providing equipment on rent such as load banks, generators, fuel tanks, cables, transformers, and power accessories or by renting temporary power plants. Power rental equipment majorly operates on diesel, gas, and other fuels such as gasoline, hybrid fuel, and heavy fuel oil (HFO). This equipment is used for peak shaving, standby power, and base load/continuous load applications by the utilities, oil & gas, events, construction, mining & metals, manufacturing, IT & data centers, corporate & retail, and other end users. Other industries include shipping, agriculture, aerospace and defense, wherein this equipment is majorly used for the generation of backup power.

Key Stakeholders

  • Consulting companies in the energy and power sector
  • Consulting companies in the oil & gas sector
  • Generator raw materials and component manufacturers
  • Engine/generator manufacturers, dealers, and suppliers
  • Governments and research organizations
  • Investment banks
  • Petroleum companies (diesel and natural gas suppliers)
  • Construction and infrastructure development companies
  • Power grid infrastructure companies
  • Power plant project developers
  • Power rental companies
  • Shareholders or investors

Objectives of the Study

  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries.
  • To define, describe, analyze, and forecast the size of the global power rental market based on fuel type, power rating, application, equipment, end user, rental type, and region.
  • To provide detailed information about key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market.
  • To analyze market opportunities for stakeholders in the market and draw a competitive landscape for market players.
  • To analyze competitive developments such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, joint ventures, collaborations, and acquisitions in the market.
  • To compare key market players with respect to the market share, product specifications, and applications.

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Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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