Global Power Rental Market

Power rental refers to the temporary rental of power plants or generators for the provision of electricity to manufacturing units. It provides practical control equipment along with different scalable modules that are mounted in power stations. It also ensures stability, versatility, speed, and cost-effectiveness for companies to deal with short-term power shortages. The electricity rental programmes are aimed to maintain utility power grids and deliver additional resources to businesses and sustain communities. As a result, it is extensively used in the manufacturing, mining, and oil & gas sectors.

The global power rental market size was valued at >USD 14 billion in 2019. In addition, it is projected to gather a CAGR of above 7% over the forecast years 2020-2028. Increasing need for continuous power supply in pharmaceutical industry, transportation & logistics, building & construction, energy industry, oil & gas, marine industry, and data centre is expected to increase power rental market penetration over the coming years.

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Oil, mining, and gas exploration activities typically take place in rural areas. Human life at such locations is in immediate trouble owing to the enormously flammable nature of the extracted products; thus, adequate electricity and light are essential necessities for such operations. Driven by increasing spending, the mining and oil & gas industries in Australia, the US, and several African countries are expected to see a major expansion of the global power rental market. New mining ventures are set to begin in India, China, and Australia in the coming years. Such factors are significant to streamline the global power rental market.

In addition, rising awareness of the benefits of outsourcing power equipment has a positive influence on the power rental industry. Power rental systems allow customers to procure appliances in a cost-effective way, in compliance with their specifications. Likewise, the introduction of beneficial administrative policies to expand the airport and metro networks, along with the shopping centers and hotels is further increasing the need for power rental in both emerging and emerged countries. Other trends, including the growing adoption of renewables as a supplementary source of energy to mitigate carbon emissions and usage of natural gas-based generators, are expected to further push the target market demand.

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The major players of the global power rental market are Caterpillar, Atlas Copco, Cummins, United Rentals, Ashtead Group, Aggreko, APR Energy, Bredenoord Exploitatiemij B.V., Kohler, and Rental Solutions & Services. Moreover, the market comprises several other prominent players in the power rental market that are Herc Holdings, Generac Power Systems, Wacker Neuson SE, Wärtsilä Corporation, Speedy Hire, Smart Energy Solutions, Soenergy International, and Multiquip. The power rental market consists of well-established global as well as local players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.

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Key Segments of the Global Power Rental Market

Fuel Type Overview, 2018-2028 (USD Million)

Diesel
Gas
Others
Application Overview, 2018-2028 (USD Million)

Peak Shaving
Standby Power
Base Load
End User Overview, 2018-2028 (USD Million)

Utilities
Oil & Gas
Construction
Mining
Manufacturing
Others
Regional Overview, 2018-2028 (USD Million)

North America

U.S.
Canada
Europe

UK
Germany
France
Rest of Europe
Asia Pacific

China
Japan
India
Rest of Asia-Pacific
Middle East and Africa

UAE
South Africa
Rest of Middle East and Africa
South America

Brazil
Rest of South Americ
What does the report include?

The study on the global power rental market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the power rental industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on fuel fuel type and application. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Some Major Points from TOC:

Chapter 1 Introduction

1.1 Introduction to the Study

1.2 Market Definition and Scope

1.3 Units, Currency, Conversions and Years Considered

1.4 Key Stakeholders

1.5 Key Questions Answered

Chapter 2 Research Methodology

2.1 Introduction

2.2 Data Capture Sources

2.2.1 Primary Sources

2.2.2 Secondary Sources

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Data Triangulation

2.6 Assumptions and Limitations

Chapter 3 Executive Summary

Chapter 4 Market Outlook

Continue……

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