The global power rental market is expected to witness substantial growth during the forecast period due to increasing demand for power witnessed across the globe. The, progression of power infrastructure, enhanced power consumption and swelling construction & development is projected to stimulate the demand for power rental in the near future. Furthermore, increasing demand for power from oil & gas segment is a major driving force contributing towards the growth of power rental market across the globe. Additionally, increasing demand for power in developing countries is expected to further expose new growth opportunities for the power rental market across the globe.

The major factor pertaining towards the growth of global power rental market is the extensive demand for power and accessibility of innovative compressed air rental solutions. Extensive industrial movement and introduction of several macroeconomic factors is extensively contributing towards power demand.

Moreover, the major advantage involved with renting power equipment includes abandoning upfront outlay, tax savings, upgraded technology, reducing burden on balance sheet and evading transportation and storage cost. However, the manifestation of stringent regulations along with rising environmental awareness is expected to hamper the market growth in the near future.

Oil & gas, utilities, mining, industrial, construction, events, and others are the key end-users of power rental market. The utility segment has been generating largest revenue throughout the historical and forecasted period. Utilities segment includes power plants that are operated and maintained numerous utility enterprises and government organization. With the help of established distribution line the utility suppliers ensures efficient delivery of energy from power plants to commercial and residential buildings across the globe.

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On the basis of fuel type, the global power rental market is segmented into diesel generators, gas generators and others. In 2017, gas generators segment is anticipated to be the fastest growing power rental market, by fuel type. Gas generators can be found in variety of sizes that ranges from portable to industrial and works preciously well on natural gas.

Geographically, North America dominated the global power rental market and accounted for approax 30.0% of total revenue in 2017. The growth is mainly accredited towards increasing construction and progressive actions in this region.

Asia-Pacific holds enormous prospective for the industrial growth during the forecast period. According to a recent study, it has been observed that developing economies such as Brazil, India and Saudi Arabia have been extensively fulfilling demand for power rental in industrialized segment owing to robust growth in industrialization.

Key players in the global power rental market includes APR Energy, Aggreko PLC, United Rentals Inc., Herc Holdings Inc., Caterpillar Inc., Quippo Infrastructure Equipment Limited., Ashtead Group PLC, Atlas Copco AB, Al Faris Group, and Cummins Inc..

Global Power Rental Market Coverage

Application Insight and Forecast 2014-2024

Standby Power
Base Load/Continuous Power
Prime Power
End-User Insight and Forecast 2014-2024

Oil & Gas
Utilities
Mining
Industrial
Construction
Events
Others
Fuel Type Insight and Forecast 2014-2024

Diesel Generators
Gas Generators
Others
Power Rating Insight and Forecast 2014-2024

Up to 50 kW Power Rating
51 kW–500 kW Power Rating
501 kW–2,500 kW Power Rating
Above 2500 kW Power Rating
Geographical Segmentation

Power Rental Market by Region

North America

U.S.
Canada
Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific

Japan
China
India
Australia
South Korea
Thailand
Rest of Asia-Pacific
Latin America

Brazil
Mexico
Rest of Latin America
Middle East and Africa

Saudi Arabia
South Africa
Rest of MEA

Source: VynZ Research