Europe Power Rental Market by Type (Diesel, Gas), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping, Data Center), Application (Peak Shaving, Base Load, StandBy), Country - Forecasts to 2024
[113 Pages Report] The Europe power rental market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.6 billion in 2019, at a CAGR of 7.1% during the forecast period. The growth of the Europe power rental can be attributed to the expansion of IT and data center and growing investment in the construction industry.
Diesel power rental solutions to be the highest utilized solutions during the forecast period
The diesel segment is expected to hold the largest market share by 2024 because of its extensive usage in the manufacturing, healthcare, oil & gas, marine, and IT/telecom sectors. Moreover, the easy availability of fuel, ease of transportation & storage, and quick response to load changes are some of the factors that are expected to drive the diesel power rental market. However, to reduce emissions, developed countries such as the UK, Germany, France, the Netherlands, and Russia are rapidly adopting natural gas-based power generation technologies due to which the gas generators rental market is expected to grow at a faster pace during the forecast period.
By application, the standby power segment is anticipated to grow at the fastest rate during the forecast period
Standby power refers to the energy consumed by electronic and electrical appliances while they are switched off or in standby mode. A standby generator is an electrical back-up system that operates within seconds of a power outage. The transfer switch senses the loss of power and accordingly starts or shuts off the generator. Most units run on diesel, natural gas, or liquid propane gas. These generators are used in hospitals, office buildings, and schools, among others.
Russia is expected to account for the largest market size during the forecast period.
Russia is expected to lead the Europe power rental market during the forecast period. The growth of the IT and healthcare sectors in Russia play a significant role in the growth of the Europe power rental market. The power rental market in Russia is driven by the increasing oil & gas exploration and production activities coupled with construction industry growth in the nonresidential sector. The power rental solutions are required in the construction and oil & gas industry to meet the fluctuating power requirement of the project. The major end-user segment driving the power rental market in the region are utilities, oil & gas, and construction.
Key Market Players
The major players in the Europe power rental market are Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Atlas Copco (Sweden), Bredenoord (Netherland), and Loxam (France). Between 2014 and 2018, the companies adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the Europe power rental market.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20172024 |
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Base year considered |
2018 |
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Forecast period |
20192024 |
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Forecast units |
Value (USD) |
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Segments covered |
By fuel type, application, end-user, power rating, and region |
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Countries covered |
UK, Germany, Russia, France, Italy, Netherland, Belgium, Denmark, Luxemburg, and Turkey |
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Companies covered |
Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Atlas Copco (Sweden), Bredenoord (Netherland), Loxam (France). among others |
This research report categorizes the Europe power rental market by fuel type, application, end-user, power rating, and region
On the basis of fuel type, the Europe power rental market has been segmented as follows:
- Diesel
- Natural Gas
On the basis of application, the Europe power rental market has been segmented as follows:
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
On the basis of end-user, the Europe power rental market has been segmented as follows:
- Utilities
- Oil & Gas
- Mining
- Manufacturing
- Construction
- Events
- Shipping
- Data Center
- Others
On the basis of power rental, the Europe power rental market has been segmented as follows:
- Up to 50 kW
- 51 kW - 500 kW
- 501 kW - 2,500 kW
On the basis of region, the Europe power rental market has been segmented as follows:
- UK
- Germany
- Russia
- France
- Italy
- Turkey
- Netherlands
- Belgium
- Luxemburg
- Denmark
- Rest of Europe
Recent Developments
- In March 2019, Aggreko has won the contract to supply power generation equipment for meeting the need for temporary power during the 2019 Solheim Cup, to be held during 9th to 15th September 2019.
- In May 2019, Bredenoord will be expanding its capacity by 4.5 MWh with the help of a new battery pack in its rental fleet. This will help in enhancing the performance of stand by supply systems connected to the grid.
- In March 2019, Caterpillar introduced digital services for its rental customers. The company made an online facility for product research and buying. This platform helps in enhancing the digital capabilities of the company and provide easy, convenient solutions for customers to get products and services.
Key Questions Addressed by the Report
- The report identifies and addresses the key markets for the Europe power rental, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and make effective strategic decisions.
- The report addresses the market share analysis of key players in the market, and with the help of this, companies can enhance their revenues in the respective market.
- The report provides insights about emerging geographies for the market, and the entire market ecosystem can gain a competitive advantage from such insights.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Market Size Estimation
2.1.1 Ideal Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Calculation
2.1.3 Forecast
2.2 Some of the Insights of Industry Experts
3 Executive Summary (Page No. - 20)
4 Premium Insights (Page No. - 24)
4.1 Attractive Opportunities in the Europe Power Rental Market
4.2 Market, By Fuel & Country
4.3 Market, By Power Rating
4.4 Market, By Application
4.5 Market, By End-User
5 Market Overview (Page No. - 27)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Expansion of IT and Data Centers
5.2.1.2 Growing Investment in the Construction Industry
5.2.1.3 Cost Benefits of Power Rental Solutions
5.2.1.4 Rising Number of Expos, Concerts, Exhibitions, and Sporting Events in the Region
5.2.2 Restraints
5.2.2.1 Reducing Cost of Renewable Generation and Energy Storage
5.2.3 Opportunities
5.2.3.1 Potential Implementation of Digital Technologies in Power Rental Solutions
5.2.3.2 Increased Use of Bi-Fuel and Invertor Generators
5.2.3.3 Aging Power Infrastructure
5.2.4 Challenges
5.2.4.1 Stringent Regulation on Diesel Generator Emission and Noise Control Norms
5.2.4.2 Rise in the Demand for Decentralized Power Generation
6 Market, By Fuel Type (Page No. - 34)
6.1 Introduction
6.2 Diesel
6.2.1 Easy Availability & Transportation of Diesel is Expected to Drive the Segment During the Forecast Period
6.3 Gas
6.3.1 Russia is Expected to Dominate the Gas Segment During the Forecast Period
7 Market, By Power Rating (Page No. - 38)
7.1 Introduction
7.2 Up to 50 Kw
7.2.1 Growth of Industries Such as Data Centers, Shipping, and Events is Expected to Drive the Power Rental Market
7.3 51500 Kw
7.3.1 Rising Investment in the Construction Industry is Expected Drive the 51-500 Kw Segment
7.4 5012,500 Kw
7.4.1 Heavy Industries, Utilities, and Oil & Gas Sectors are Expected to Drive the 501-2,500 Kw Segment
8 Market, By Application (Page No. - 44)
8.1 Introduction
8.2 Peak Shaving
8.2.1 Russia is Expected to Dominate the Peak Shaving Segment During the Foreacast Period
8.3 Standby Power
8.3.1 Commercial, Facilities, and Data Centers are Expected to Drive the Standby Power Segment During the Forecast Period
8.4 Base Load/Continuous Power
8.4.1 Mining and Oil & Gas Industries are Expected to Be Key Industries for the Base Load Segment During the Forecast Period
9 Market, By End-User (Page No. - 49)
9.1 Introduction
9.2 Utilities
9.2.1 De-Commisioning of Nuclear Power Plants & Mordernizing of Transmission Network are Expected to Drive the Power Rental Market During the Forecast Period
9.3 Oil & Gas
9.3.1 Rising Demand for Energy is Expected to Drive the Demand for Power Rental Solutions
9.4 Construction
9.4.1 Increasing Investment in Construction Projects is Expected to Boost the Demand for Power Rental Solutions
9.5 Mining
9.5.1 Russia is Expected to Dominate the Mining Segment During the Foreacast Period
9.6 Manufacturing
9.6.1 Germany is Expected to Grow at the Fastest Rate in the Manufacturing Segment
9.7 Shipping
9.7.1 UK and Denmark are Key Market for the Shipping Industry in the Region
9.8 Data Centers
9.8.1 Rising Investments in the IT & Data Centers
9.9 Events
9.9.1 Events Segment in Germany is Expected to Grow at the Fastest Rate
9.10 Others
10 Market, By Country (Page No. - 60)
10.1 Introduction
10.2 UK
10.2.1 Oil & Gas, Construction, and Events are Key Industries Driving the Demand for Power Rental Solutions in the UK
10.3 Germany
10.3.1 Favorable Policy for Construction Sector is Expected to Drive the Power Rental Market in the Segment
10.4 Russia
10.4.1 Steady Rise in Demand for Energy is Expected to Drive the Russian Power Rental Market in the Oil & Gas Segment
10.5 Italy
10.5.1 Rising Number of Events is Expected to Drive the Demand for the Power Rental Market in Italy
10.6 France
10.6.1 Construction & Utilites are Key Industries Which are Expected to Drive the Demand for Power Rental Solutions in France
10.7 Turkey
10.7.1 501-2,500 Kw Segment is Expected to Dominate the Power Rental Market in Turkey
10.8 The Netherlands
10.8.1 Oil & Gas, Utilities, and Manufacturing are Key Sectors Which are Expected to Drive the Demand for Power Rental Solutions in the Netherlands
10.9 Belgium
10.9.1 Peak Shaving and Standby Power are Major Applications for Power Rental in Belgium
10.10 Luxembourg
10.10.1 Construction and Utilites are Key Industries Which are Expected to Drive the Demand for Power Rental Solutions in Luxembourg
10.10.2 By End-User
10.11 Denmark
10.11.1 Construction, Shipping, and Manufacturing are Key End-Users for Power Rental Solutions in Denmark
10.12 Rest of Europe
11 Competitive Landscape (Page No. - 85)
11.1 Introduction
11.2 Market Share, 2018
11.3 Competitive Scenario
11.3.1 New Product Developments
11.3.2 Investments & Expansions
11.3.3 Mergers & Acquisitions
11.3.4 Contracts & Agreements
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging
12 Company Profiles (Page No. - 90)
(Overview, Products Offered, Recent Developments, and MnM View)*
12.1 Aggreko
12.2 Caterpillar
12.2.2 Renting Partner Overview
12.2.2.1 Energyst
12.2.2.2 Zeppelin Rental
12.2.2.3 Pon Power Cat
12.2.2.4 CGT Cat
12.2.2.5 Borusan Cat
12.2.2.6 Eneria Cat
12.3 Atlas Copco
12.4 Bredenoord
12.5 Loxam
12.6 Boels Rental
12.7 Zwart Techniek
12.8 Colle Rental & Sales
12.9 Power Solutions
12.10 Generac
12.11 Bulterys
12.12 The Powershop
*Details on Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 113)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (71 Tables)
Table 1 Increasing Investment in the Construction Sector is A Key Determining Factor for the Europe Power Rental Market
Table 2 Europe Power Rental Market Snapshot
Table 3 Europe: Proposed Stage V Emission Standard for Non-Road Engines (Nre)
Table 4 Europe Power Rental Market Size, By Fuel Type, 20172024 (USD Million)
Table 5 Diesel: Market Size, By Country, 20172024 (USD Million)
Table 6 Gas: Market Size, By Country, 20172024 (USD Million)
Table 7 Generator Power Rating Categories Required By Different End-Users
Table 8 Europe Power Rental Market Size, By Power Rating, 20172024 (USD Million)
Table 9 Up to 50 Kw: Market Size, By Country, 20172024 (USD Thousands)
Table 10 51500 Kw: Market Size, By Country, 20172024 (USD Thousand)
Table 11 5012,500 Kw: Market Size, By Country, 20172024 (USD Thousand)
Table 12 Europe Power Rental Market Size, By Application, 20172024 (USD Million)
Table 13 Peak Shaving: Market Size, By Country, 20172024 (USD Thousand)
Table 14 Standby Power: Market Size, By Country, 20172024 (USD Thousand)
Table 15 Base Load/Continuous Power: Power Rental Market Size, By Country, 20172024 (USD Thousand)
Table 16 Europe Power Rental Market Size, By End-User, 20172024 (USD Million)
Table 17 Utilities: Market Size, By Country, 20172024 (USD Million)
Table 18 Oil & Gas: Market Size, By Country, 20172024 (USD Million)
Table 19 Construction: Market Size, By Country, 20172024 (USD Million)
Table 20 Mining: Market Size, By Country, 20172024 (USD Thousand)
Table 21 Manufacturing: Market Size, By Country, 20172024 (USD Thousand)
Table 22 Shipping: Market Size, By Country, 20172024 (USD Thousand)
Table 23 Data Centers: Market Size, By Country, 20172024 (USD Thousand)
Table 24 Events: Market Size, By Country, 20172024 (USD Million)
Table 25 Others: Market Size, By Country, 20172024 (USD Million)
Table 26 Europe Power Rental Market Size, By Country, 20172024 (USD Million)
Table 27 UK: Market Size, By Fuel Type, 20172024 (USD Million)
Table 28 UK: Market Size, By Power Rating, 20172024 (USD Million)
Table 29 UK: Market Size, By Application, 20172024 (USD Million)
Table 30 UK: Market Size, By End-User, 20172024 (USD Million)
Table 31 Germany: Market Size, By Fuel Type, 20172024 (USD Million)
Table 32 Germany: Market Size, By Power Rating, 20172024 (USD Million)
Table 33 Germany: Market Size, By Application, 20172024 (USD Million)
Table 34 Germany: Market Size, By End-User, 20172024 (USD Million)
Table 35 Russia: Market Size, By Fuel Type, 20172024 (USD Million)
Table 36 Russia: Market Size, By Power Rating, 20172024 (USD Million)
Table 37 Russia: Market Size, By Application, 20172024 (USD Million)
Table 38 Russia: Market Size, By End-User, 20172024 (USD Million)
Table 39 Italy: Market Size, By Fuel Type, 20172024 (USD Million)
Table 40 Italy: Market Size, By Power Rating, 20172024 (USD Million)
Table 41 Italy: Market Size, By Application, 20172024 (USD Million)
Table 42 Italy: Market Size, By End-User, 20172024 (USD Thousand)
Table 43 France: Market Size, By Fuel Type, 20172024 (USD Million)
Table 44 France: Market Size, By Power Rating, 20172024 (USD Million)
Table 45 France: Market Size, By Application, 20172024 (USD Million)
Table 46 France: Market Size, By End-User, 20172024 (USD Thousand)
Table 47 Turkey: Market Size, By Fuel Type, 20172024 (USD Million)
Table 48 Turkey: Market Size, By Power Rating, 20172024 (USD Million)
Table 49 Turkey: Market Size, By Application, 20172024 (USD Million)
Table 50 Turkey: Market Size, By End-User, 20172024 (USD Thousand)
Table 51 The Netherlands: Market Size, By Fuel Type, 20172024 (USD Million)
Table 52 The Netherlands: Market Size, By Power Rating, 20172024 (USD Thousand)
Table 53 The Netherlands: Market Size, By Application, 20172024 (USD Million)
Table 54 The Netherlands: Market Size, By End-User, 20172024 (USD Thousand)
Table 55 Belgium: Market Size, By Fuel Type, 20172024 (USD Thousand)
Table 56 Belgium: Market Size, By Power Rating, 20172024 (USD Thousand)
Table 57 Belgium: Market Size, By Application, 20172024 (USD Thousand)
Table 58 Belgium: Market Size, By End-User, 20172024 (USD Thousand)
Table 59 Luxembourg: Market Size, By Fuel Type, 20172024 (USD Thousand)
Table 60 Luxembourg: Market Size, By Power Rating, 20172024 (USD Thousand)
Table 61 Luxembourg: Market Size, By Application, 20172024 (USD Thousand)
Table 62 Luxembourg: Market Size, By End-User, 20172024 (USD Thousand)
Table 63 Denmark: Market Size, By Fuel Type, 20172024 (USD Thousand)
Table 64 Denmark: Market Size, By Power Rating, 20172024 (USD Thousand)
Table 65 Denmark: Market Size, By Application, 20172024 (USD Thousand)
Table 66 Denmark: Market Size, By End-User, 20172024 (USD Thousand)
Table 67 Rest of Europe: Market Size, By Fuel Type, 20172024 (USD Million)
Table 68 Rest of Europe: Market Size, By Power Rating, 20172024 (USD Million)
Table 69 Rest of Europe: Market Size, By Application, 20172024 (USD Million)
Table 70 Rest of Europe: Market Size, By End-User, 20172024 (USD Thousand)
Table 71 Caterpillar European Rental Partner, By Country
List of Figures (29 Figures)
Figure 1 Markets Covered: Europe Power Rental Market
Figure 2 Europe Power Rental Market
Figure 3 Germany is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 4 Oil & Gas Segment is Expected to Dominate the Market, By End-User, From 2019 to 2024
Figure 5 501 2,500 Kw Segment is Expected to Dominate the Market, By Power Rating, From 2019 to 2024
Figure 6 Diesel Segment is Expected to Dominate the Market, By Fuel Type, in 2019
Figure 7 Peak Shaving Segment is Expected to Dominate the Market, By Application, During the Forecast Period
Figure 8 Growing Investment in Construction Industry is Expected to Drive the Market Till the Forecast Period
Figure 9 Diesel Segment and Russia Dominated the Market in 2018
Figure 10 5012,500 Kw Segment is Expected to Dominate the Market During the Forecast Period
Figure 11 Peak Shaving Segment Dominated the Market, By Application, in 2018
Figure 12 Oil & Gas Segment Dominated the Market, By End-User, in 2018
Figure 13 Market Dynamics for the Market
Figure 14 Rise in Investments in the European Construction Industry
Figure 15 Rising Investments in the Field of Renewable Energy
Figure 16 Europe: Stage III A, III B, and IV Emission Standards for Nonautomobile Diesel Engines
Figure 17 Europe Power Rental Market Share (Value), By Fuel Type, 2018
Figure 18 Europe Power Rental Market Share (Value), By Power Rating, 20192024
Figure 19 Europe Power Rental Market Share (Value), By Application, 2018
Figure 20 Europe Power Rental Market Share, By End-User, 2018
Figure 21 Regional Snapshot: Russia Dominated the Power Rental Market in Europe During the Forecast Period
Figure 22 Contracts & Agreements is the Most Widely Adopted Development Strategy Between 2015 and April 2019
Figure 23 Market Share of Power Rental in Europe, 2018
Figure 24 Europe Power Rental Market, Competitive Leadership Mapping, 2018
Figure 25 Aggreko: Company Snapshot
Figure 26 Caterpillar: Company Snapshot
Figure 27 Atlas Copco: Company Snapshot
Figure 28 Loxam: Company Snapshot
Figure 29 Generac: Company Snapshot
The study involved major activities in estimating the current size of the Europe 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 involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the Europe power rental market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The Europe power rental comprises several stakeholders such as energy utilities, government, and industry associations, institutional investors, power and energy associations, and power grid infrastructure companies in the supply chain. The demand side of this market is characterized by the rising demand for uninterrupted power supply from end-users. Moreover, the demand is also driven by the increasing demand from the data center & IT facility. The supply side is characterized by new product launches and diverse application industries. 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:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the Europe power rental market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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 data triangulation and market breakdown processes have been employed, wherever applicable, to complete the market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, and forecast the Europe power rental market based on fuel type, power rating, end-user, application, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the Europe power rental market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the Europe power rental market with respect to major countries (UK, Germany, Russia, France, Italy, Netherland, Belgium, Denmark, Luxemburg, and Turkey)
- To profile key players and comprehensively analyze their market ranking and core competencies
- To analyze competitive developments such as mergers & acquisitions, expansions, new product developments, and contracts & agreements in the field of the Europe power rental market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Europe Power Rental Market