Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power Rating (Up to 50 kW, 51–500 kW, 501-2500 kW, Above 2500 kW), Application, End User and Region - Global Forecast to 2027

Abstract
The global power rental market is projected to reach USD 12.8 billion by 2027 from an estimated market size of USD 9.8 billion in 2022, at a CAGR of 5.6% during the forecast period. The key drivers for the growth of the power rental market include government mandates and policies for environmental protection, the need for safe working environments in industrial facilities, increased demand for equipment reliability and extended lifecycle, and industrial development in developing countries.

The Diesel segment is expected to be the largest segment of the power rental market, by fuel type, during the forecast period

The power rental market, by fuel type, is segmented into diesel, natural gas and others. The diesel type segment is expected to be the largest segment in the power rental market, by fuel type, during the forecast period. The diesel segment is driven by the easy availability and storage of diesel in all the regions.

The 501 kW – 2500 kW segment is expected to be the largest contributor to the power rental market, by power rating, during the forecast period

The power rental market, by power rating, is segmented into Up to 50 kW, 51 kW – 500 kW, 501 kW – 2500 kW and above 2500 kW. The 501 kW – 2500 kW segment is expected to hold the largest size of the market for power rental during the forecast period. The 501 kW – 2,500 kW rating segment is driven by the increasing demand from the mining and utilities end-user segments.

The base load/continuous power segment is expected to be the largest market, by application, during the forecast period

The power rental market, by application, is segmented into Standby power, peak shaving and base load/continuous power. The market for base load/continuous power is expected to hold the largest size of the market for power rental during the forecast period. The growth of the base load/continuous power segment is driven by the increase in demand from events and power outages in rural areas.

The Generator segment is expected to be the largest market, by equipment, during the forecast period

The power rental market, by equipment, is segmented into generators, transformers, load banks and others. The generator segment is expected to be the largest market for power rental during the forecast period. The growth of the generators segment is driven by the increasing demand from end-use industries for various applications, majorly standby power.

The Utility end-user segment is expected to be the largest market, by end-user, during the forecast period

The power rental market, by end-user, is segmented into utility, oil & gas, construction, manufacturing, mining & metals, IT & Data centers, corporate & retail, events and others. The utility segment is expected to be the largest market for power rental during the forecast period. The growth of the utilities end-user segment is driven by the increasing requirement for power during peak hours in summer and natural calamities.

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

The power rental market, by rental type, is segmented into retail rental and project rental. The retail rental segment is expected to be the largest market for power rental during the forecast period. The market for retail rental is driven by the requirement for short-duration rental services, especially in all the developed regions.

North America is expected to dominate the global power rental market

The North America region is estimated to be the largest market for the power rental, followed by Asia Pacific. North America is expected to continue to dominate the power rental market during the forecast period, owing to factors such as increasing investments in the oil & gas, construction, and mining industries.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–45.2%, Tier II–32.7%, and Tier III–22.1%
By Designation: C-Level–43%, Managers - 38%, and Others– 19%
By Region: Middle East & Africa–3%, Asia Pacific–33.8%, North America–40.1%, Europe–22.1%

Note:Others include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:
The Power rental market is served by a mix of leading players with operational presence across the regions and local players commanding a strong supply network in the domestic market. The leading players in the global power rental market include Aggreko Plc (UK), Ashtead group (UK), United rentals (US) and Caterpillar Inc (US)

Research Coverage:
The report defines, describes, and forecasts the power rental market, by fuel type, power rating, application, equipment, end-user, rental type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the power rental market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for power rental, which would help power rental providers review the growth in demand.
2.The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Content
Table of Contents

1INTRODUCTION30
1.1STUDY OBJECTIVES30
1.2MARKET DEFINITION30
1.2.1POWER RENTAL MARKET, BY END USER: INCLUSIONS & EXCLUSIONS31
1.2.2POWER RENTAL MARKET, BY FUEL TYPE: INCLUSIONS & EXCLUSIONS32
1.2.3POWER RENTAL MARKET, BY POWER RATING: INCLUSIONS & EXCLUSIONS32
1.2.4POWER RENTAL MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS33
1.2.5POWER RENTAL MARKET, BY EQUIPMENT: INCLUSIONS & EXCLUSIONS33
1.2.6POWER RENTAL MARKET, BY RENTAL TYPE: INCLUSIONS & EXCLUSIONS33
1.3MARKETS COVERED34
FIGURE 1MARKETS COVERED: POWER RENTAL MARKET34
FIGURE 2GEOGRAPHIC SCOPE34
1.4YEARS CONSIDERED35
1.5CURRENCY35
1.6STAKEHOLDERS35
1.7SUMMARY OF CHANGES36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 3POWER RENTAL MARKET: RESEARCH DESIGN38
FIGURE 4POWER RENTAL MARKET: DATA TRIANGULATION39
2.2SECONDARY DATA40
2.2.1KEY DATA FROM SECONDARY SOURCES40
2.3PRIMARY DATA41
2.3.1KEY DATA FROM PRIMARY SOURCES41
2.3.2BREAK-UP OF PRIMARIES42
2.4SCOPE43
FIGURE 5MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR POWER RENTAL SOLUTIONS44
2.5MARKET SIZE ESTIMATION44
2.5.1DEMAND-SIDE ANALYSIS44
FIGURE 6YEAR-ON-YEAR CAPACITY ADDITION OF POWER RENTAL TECHNOLOGY ACROSS COUNTRIES IS KEY DETERMINING FACTOR FOR MARKET SIZE ESTIMATION44
2.5.1.1Key assumptions45
2.5.1.2Calculation45
2.5.2FORECAST46
 
2.5.3SUPPLY-SIDE ANALYSIS46
FIGURE 7YEAR-ON-YEAR REVENUE OF COMPANIES PROVIDING POWER RENTAL EQUIPMENT ACROSS REGIONS IS KEY DETERMINING FACTOR46
2.5.3.1Supply-side calculation47
FIGURE 8SUPPLY-SIDE CALCULATION ILLUSTRATION47
3EXECUTIVE SUMMARY48
TABLE 1GLOBAL POWER RENTAL MARKET SNAPSHOT49
FIGURE 9NORTH AMERICA HELD LARGEST SHARE OF POWER RENTAL MARKET
IN 202150
FIGURE 10UTILITIES SEGMENT IS EXPECTED TO DOMINATE POWER RENTAL MARKET FROM 2022 TO 202750
FIGURE 11501–2,500 KW SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF POWER RENTAL MARKET FROM 2022 TO 202751
FIGURE 12GENERATORS SEGMENT IS EXPECTED TO CAPTURE LARGEST SIZE OF POWER RENTAL MARKET FROM 2022 TO 202751
FIGURE 13DIESEL SEGMENT TO CAPTURE LARGEST SIZE OF POWER RENTAL MARKET
IN 202252
FIGURE 14BASE LOAD/CONTINUOUS POWER SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGEST SIZE OF POWER RENTAL MARKET DURING FORECAST PERIOD52
FIGURE 15RETAIL RENTAL SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SIZE OF POWER RENTAL MARKET DURING FORECAST PERIOD53
4PREMIUM INSIGHTS54
4.1ATTRACTIVE OPPORTUNITIES IN POWER RENTAL MARKET, 2022–202754
FIGURE 16FREQUENT POWER OUTAGES AND SURGING DEMAND FOR UNINTERRUPTED & RELIABLE POWER SUPPLY TO DRIVE GROWTH OF POWER RENTAL MARKET54
4.2POWER RENTAL MARKET, BY REGION55
FIGURE 17ASIA PACIFIC IS EXPECTED TO GROW AT FASTEST RATE IN GLOBAL POWER RENTAL MARKET DURING FORECAST PERIOD55
4.3POWER RENTAL MARKET, BY END USER55
FIGURE 18UTILITIES SEGMENT HELD LARGEST MARKET SHARE IN 202155
4.4POWER RENTAL MARKET, BY APPLICATION56
FIGURE 19BASELOAD/ CONTINOUOUS POWER SEGMENT DOMINATED MARKET IN 202156
4.5POWER RENTAL MARKET, BY POWER RATING56
FIGURE 20501–2,000 KW SEGMENT HELD LARGEST SHARE OF POWER RENTAL MARKET IN 202156
4.6POWER RENTAL MARKET, BY FUEL TYPE57
FIGURE 21DIESEL SEGMENT IS EXPECTED TO DOMINATE POWER RENTAL MARKET DURING FORECAST PERIOD 202157
4.7POWER RENTAL MARKET, BY EQUIPMENT57
FIGURE 22GENERATORS SEGMENT IS EXPECTED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202157
4.8POWER RENTAL MARKET, BY RENTAL TYPE58
FIGURE 23RETAIL RENTAL SEGMENT ACCOUNTED FOR LARGER SHARE OF POWER RENTAL MARKET IN 202158
5MARKET OVERVIEW59
5.1INTRODUCTION59
5.2MARKET DYNAMICS60
FIGURE 24MARKET DYNAMICS FOR POWER RENTAL MARKET60
5.2.1DRIVERS60
5.2.1.1Rapid industrialization in developing economies of Asia Pacific60
FIGURE 25GREENFIELD PROJECT INVESTMENTS FOR MANUFACTURING AND CHEMICALS & CHEMICAL PRODUCTS IN ASIA, 2016–202061
5.2.1.2Surging demand for uninterrupted & reliable power supply62
FIGURE 26AVERAGE DURATION OF TOTAL ANNUAL POWER INTERRUPTIONS IN US, 2013–202063
5.2.1.3Growing need for electrification and continuous power supply in developing regions63
TABLE 2GLOBAL ELECTRICITY ACCESS RATE, 201964
5.2.2RESTRAINTS64
5.2.2.1Growing adoption of renewable energy sources and energy storage technologies64
FIGURE 27INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–205065
FIGURE 28INSTALLATION OF BATTERY STORAGE CAPACITY, 2020–205066
5.2.2.2Stringent government regulations associated with generators66
5.2.3OPPORTUNITIES67
5.2.3.1Integration of power rental equipment with renewable energy sources67
FIGURE 29GLOBAL INVESTMENT IN POWER SECTOR, BY TECHNOLOGY, 2016–202167
5.2.3.2Technological advancements in power rental equipment for operations enhancement67
5.2.4CHALLENGES68
5.2.4.1Increased operating expenditure of diesel generators owing to high fuel prices68
FIGURE 30CRUDE OIL SPOT PRICES, JANUARY 2018–JANUARY 202269
5.2.4.2Raw material and component shortage and sudden fluctuation in demand for power rental equipment69
5.3PORTER’S FIVE FORCES ANALYSIS70
FIGURE 31POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS70
TABLE 3POWER RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS70
5.3.1THREAT OF NEW ENTRANTS71
5.3.2BARGAINING POWER OF SUPPLIERS71
5.3.3BARGAINING POWER OF BUYERS71
5.3.4THREAT OF SUBSTITUTES72
5.3.5DEGREE OF COMPETITION72
5.4KEY STAKEHOLDERS & BUYING CRITERIA72
5.4.1KEY STAKEHOLDERS IN BUYING PROCESS72
FIGURE 32INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS72
TABLE 4INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS (%)73
5.4.2BUYING CRITERIA73
FIGURE 33KEY BUYING CRITERIA FOR TOP 4 END USER73
TABLE 5KEY BUYING CRITERIA, BY POWER RATING74
5.5COVID-19 IMPACT ANALYSIS74
5.5.1COVID-19 HEALTH ASSESSMENT74
FIGURE 34COVID-19 GLOBAL PROPAGATION75
FIGURE 35COVID-19 PROPAGATION IN SELECTED COUNTRIES75
5.5.2COVID-19 ECONOMIC ASSESSMENT76
FIGURE 36REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 202076
5.6AVERAGE SELLING PRICE TREND76
FIGURE 37GLOBAL AVERAGE 24 HOURS RENTAL PRICE OF GENERATORS, 202177
5.7VALUE CHAIN ANALYSIS77
FIGURE 38VALUE CHAIN ANALYSIS: POWER RENTAL MARKET78
5.7.1COMPONENT MANUFACTURES78
5.7.2EQUIPMENT MANUFACTURERS/ASSEMBLERS79
5.7.3END USERS79
5.7.4MAINTENANCE AND REPAIRS79
5.8TECHNOLOGY ANALYSIS79
5.8.1DIRECT POWER INSTALLATION TECHNOLOGY79
5.8.2POWER MANAGEMENT SYSTEMS79
5.8.3ASSET PERFORMANCE MANAGEMENT SYSTEMS80
5.9KEY CONFERENCES & EVENTS TO BE HELD DURING 2022–202380
TABLE 6POWER RENTAL MARKET: DETAILED LIST OF CONFERENCES & EVENTS80
5.10MARKET MAP82
FIGURE 39MARKET MAP: POWER RENTAL MARKET83
5.11CASE STUDY ANALYSIS84
5.11.1APRIL 2020: MEMS PROVIDED POWER SUPPLY TO NHS NIGHTINGALE HOSPITAL IN LONDON IN SHORT SPAN DURING COVID-1984
5.11.2DECEMBER 2019: AGGREKO PROVIDED POWER RENTAL SOLUTIONS FOR 4 MW OFF-GRID GAS PLANT FOR MINE REOPENING84
5.11.3JANUARY 2021: PR POWER PROVIDED POWER RENTAL EQUIPMENT IN SHORT SPAN IN WESTERN AUSTRALIA85
5.12TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES85
5.12.1REVENUE SHIFT AND NEW REVENUE POCKETS85
FIGURE 40REVENUE SHIFT FOR POWER RENTAL86
5.13INNOVATIONS AND PATENT REGISTRATIONS86
TABLE 7POWER EQUIPMENT: INNOVATIONS AND PATENT REGISTRATIONS,
2017–202186
5.13.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
TABLE 8NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
TABLE 9EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS92
TABLE 10ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS92
TABLE 11REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS93
TABLE 12GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS93
5.13.2CODES AND REGULATIONS RELATED TO POWER RENTAL EQUIPMENT94
TABLE 13NORTH AMERICA: CODES AND REGULATIONS94
TABLE 14ASIA PACIFIC: CODES AND REGULATIONS95
TABLE 15REST OF THE WORLD: CODES AND REGULATIONS95
TABLE 16GLOBAL: CODES AND REGULATIONS96
5.14TRADE DATA STATISTICS98
TABLE 17GLOBAL IMPORT DATA OF GENERATORS, 2018–2020 (USD MILLION)98
TABLE 18GLOBAL EXPORT DATA OF GENERATORS, 2018–2020 (USD MILLION)99
5.15TARIFFS, CODES, AND REGULATIONS99
TABLE 19RESIDENTIAL ELECTRICITY PRICES IN SELECTED ECONOMIES, 2018100
5.15.1TARIFFS RELATED TO GENERATORS101
TABLE 20IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT < 75 KVA101
TABLE 21IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA102
TABLE 22IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT
375–750 KVA103
TABLE 23IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT > 750 KVA105
6POWER RENTAL MARKET, BY FUEL TYPE107
6.1INTRODUCTION108
FIGURE 41POWER RENTAL MARKET SHARE, BY FUEL TYPE, 2021108
TABLE 24POWER RENTAL MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)108
6.2DIESEL109
6.2.1EASY AVAILABILITY AND STORAGE OF DIESEL ARE DRIVING DIESEL SEGMENT109
TABLE 25DIESEL: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)109
6.3NATURAL GAS110
6.3.1EXPANDING GAS DISTRIBUTION NETWORK TO DRIVE GROWTH OF NATURAL GAS SEGMENT DURING FORECAST PERIOD110
TABLE 26NATURAL GAS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)110
6.4OTHERS111
TABLE 27OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)111
7POWER RENTAL MARKET, BY POWER RATING112
7.1INTRODUCTION113
FIGURE 42POWER RENTAL MARKET SHARE, BY POWER RATING, 2021113
TABLE 28POWER RENTAL MARKET, BY POWER RATING, 2020–2027 (USD MILLION)113
 
7.2UP TO 50 KW114
7.2.1UP TO 50 KW POWER RENTAL EQUIPMENT ARE COMPACT AND PORTABLE114
TABLE 29UP TO 50 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)114
7.351 KW–500 KW114
7.3.1GENERATORS IN 51 KW–500 KW POWER RATING CATEGORY ARE MOSTLY USED IN CONSTRUCTION AND OIL & GAS INDUSTRIES114
TABLE 3051 KW–500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)115
7.4501 KW – 2,500 KW115
7.4.1501–2,500 KW GENERATORS ARE MAINLY USED TO PROVIDE STANDBY POWER115
TABLE 31501 KW–2,500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)115
7.5ABOVE 2,500 KW116
7.5.1ABOVE 2,500 KW GENERATORS ARE USED FOR UNINTERRUPTED POWER SUPPLY IN MINING AND OFFSHORE OIL & GAS OPERATIONS116
TABLE 32ABOVE 2,500 KW: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)116
8POWER RENTAL MARKET, BY APPLICATION117
8.1INTRODUCTION118
FIGURE 43POWER RENTAL MARKET SHARE, BY APPLICATION, 2021118
TABLE 33POWER RENTAL MARKET, BY APPLICATION, 2020–2027 (USD MILLION)118
8.2PEAK SHAVING119
8.2.1NEED TO REDUCE UTILITY COSTS DRIVES DEMAND FOR PEAK SHAVING119
TABLE 34PEAK SHAVING: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)119
8.3STANDBY POWER120
8.3.1REQUIREMENT OF POWER DURING GRID OUTAGE IS DRIVING DEMAND FOR STANDBY POWER120
TABLE 35STANDBY POWER: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)120
8.4BASE LOAD/CONTINUOUS POWER121
8.4.1INCREASING DEMAND FROM UTILITIES AND MINING END USERS IS DRIVING BASE LOAD/CONTINUOUS POWER SEGMENT121
TABLE 36BASE LOAD/CONTINUOUS POWER: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)121
9POWER RENTAL MARKET, BY EQUIPMENT122
9.1INTRODUCTION123
FIGURE 44POWER RENTAL MARKET SHARE, BY EQUIPMENT, 2021123
TABLE 37POWER RENTAL MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)123
9.2GENERATORS124
9.2.1GENERATORS ARE USED FOR STANDBY POWER APPLICATIONS IN TELECOM, DATA CENTER, AND OTHER INDUSTRIES124
TABLE 38GENERATORS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)124
9.3TRANSFORMERS125
9.3.1INCREASING DEMAND FOR UTILITY-SCALE TEMPORARY POWER PLANTS IS DRIVING TRANSFORMERS MARKET125
TABLE 39TRANSFORMERS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)125
9.4LOAD BANKS126
9.4.1INCREASING NUMBER OF POWER PLANT INSTALLATIONS WORLDWIDE IS FUELING DEMAND FOR LOAD BANK126
TABLE 40LOAD BANKS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)126
9.5OTHERS127
TABLE 41OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)127
10POWER RENTAL MARKET, BY END USER128
10.1INTRODUCTION129
FIGURE 45POWER RENTAL MARKET, BY END USER, 2021129
TABLE 42POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)130
10.2UTILITIES130
10.2.1INCREASING DEMAND FOR CONTINUOUS POWER IS DRIVING DEMAND FOR POWER RENTAL SOLUTIONS FROM UTILITIES130
TABLE 43UTILITIES: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)131
10.3OIL & GAS131
10.3.1GROWING OIL AND GAS EXPLORATIONS IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS131
TABLE 44OIL & GAS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)132
10.4MINING & METALS132
10.4.1GROWING EXPLORATION OF METALS & MINERALS THROUGH MINING IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS132
TABLE 45MINING & METALS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)132
10.5MANUFACTURING133
10.5.1INCREASING INVESTMENT IN MANUFACTURING SECTOR IN ASIA PACIFIC IS DRIVING POWER RENTAL MARKET133
TABLE 46MANUFACTURING: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)133
10.6CONSTRUCTION134
10.6.1INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTHEAST ASIAN COUNTRIES IS EXPECTED TO PROPEL MARKET GROWTH134
TABLE 47CONSTRUCTION: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)134
10.7IT & DATA CENTERS135
10.7.1INCREASING NUMBER OF DATA CENTRES IS DRIVING MARKET FOR POWER RENTAL SOLUTIONS135
TABLE 48IT & DATA CENTERS: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)135
10.8CORPORATE & RETAIL135
10.8.1MASSIVE INVESTMENTS IN CORPORATE SECTOR BY BOTH PUBLIC AND PRIVATE ENTERPRISES IS EXPECTED TO PROPEL MARKET GROWTH135
TABLE 49CORPORATE & RETAIL: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)136
10.9EVENTS136
10.9.1GROWING NUMBER OF PUBLIC EVENTS IS BOOSTING DEMAND FOR POWER RENTAL SOLUTIONS136
TABLE 50EVENTS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)136
10.10OTHERS137
TABLE 51OTHERS: POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)137
11POWER RENTAL MARKET, BY RENTAL TYPE138
11.1INTRODUCTION139
FIGURE 46POWER RENTAL MARKET SHARE, BY RENTAL TYPE, 2021139
TABLE 52POWER RENTAL MARKET, BY RENTAL TYPE, 2020–2027(USD MILLION)139
11.2RETAIL RENTAL140
11.2.1REQUIREMENT FOR CONTINUOUS POWER SUPPLY DURING PEAK HOURS AND POWER OUTAGES IS DRIVING MARKET140
TABLE 53RETAIL RENTAL: POWER RENTAL MARKET, BY REGION,
2020–2027 (USD MILLION)140
11.3PROJECT RENTAL141
11.3.1DEMAND FOR RENTAL POWER FROM UTILITIES AND OTHER LONG-DURATION USERS IS PROPELLING MARKET GROWTH141
TABLE 54PROJECT RENTAL: POWER RENTAL MARKET, BY REGION,
2020–2027(USD MILLION)141
12POWER RENTAL MARKET, BY REGION142
12.1INTRODUCTION143
FIGURE 47REGIONAL SNAPSHOT: ASIA PACIFIC TO BE FASTEST-GROWING MARKET,
BY VALUE, DURING FORECAST PERIOD143
FIGURE 48POWER RENTAL MARKET SHARE (VALUE), BY REGION, 2021143
TABLE 55POWER RENTAL MARKET, BY REGION, 2020–2027 (USD MILLION)144
12.2ASIA PACIFIC144
FIGURE 49SNAPSHOT: POWER RENTAL MARKET IN ASIA PACIFIC145
12.2.1BY FUEL TYPE145
TABLE 56ASIA PACIFIC: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)145
12.2.2BY POWER RATING146
TABLE 57ASIA PACIFIC: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION)146
12.2.3BY APPLICATION146
TABLE 58ASIA PACIFIC: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION)146
12.2.4BY END USER146
TABLE 59ASIA PACIFIC: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)146
12.2.5BY RENTAL TYPE147
TABLE 60ASIA PACIFIC: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION)147
12.2.6BY EQUIPMENT147
TABLE 61ASIA PACIFIC: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION)147
12.2.7BY COUNTRY147
TABLE 62ASIA PACIFIC: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION)147
12.2.7.1China148
12.2.7.1.1Rise in energy demand due to rapid urbanization and industrialization to create growth opportunities148
TABLE 63CHINA: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)149
12.2.7.2India149
12.2.7.2.1Increased need for reliable electricity and rapid economic growth to drive market in India149
TABLE 64INDIA: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)150
12.2.7.3Australia150
12.2.7.3.1Development of construction and mining activities to accelerate market growth in Australia150
TABLE 65AUSTRALIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)151
12.2.7.4Japan151
12.2.7.4.1High demand from utilities due to renovation of grid infrastructure is expected to drive power rental market in Japan151
TABLE 66JAPAN: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)152
12.2.7.5South Korea152
12.2.7.5.1Growing investments in manufacturing and marine industries in South Korea to drive market growth152
TABLE 67SOUTH KOREA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)153
12.2.7.6Bangladesh153
12.2.7.6.1Growing manufacturing sector and weak T&D infrastructure drive market growth in Bangladesh153
TABLE 68BANGLADESH: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)154
12.2.7.7Rest of Asia Pacific154
TABLE 69REST OF ASIA PACIFIC: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)155
 
12.3NORTH AMERICA155
FIGURE 50SNAPSHOT: POWER RENTAL MARKET IN NORTH AMERICA156
12.3.1BY FUEL TYPE156
TABLE 70NORTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)156
12.3.2BY POWER RATING157
TABLE 71NORTH AMERICA: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION)157
12.3.3BY APPLICATION157
TABLE 72NORTH AMERICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION)157
12.3.4BY END USER157
TABLE 73NORTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)157
12.3.5BY RENTAL TYPE158
TABLE 74NORTH AMERICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION)158
12.3.6BY EQUIPMENT158
TABLE 75NORTH AMERICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION)158
12.3.7BY COUNTRY158
TABLE 76NORTH AMERICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION)158
12.3.7.1US159
12.3.7.1.1Increasing investment in construction, oil & gas exploration, and mining activities is driving power rental market in US159
TABLE 77US: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)159
12.3.7.2Canada160
12.3.7.2.1Rising initiation of new mining and construction projects to boost market growth in Canada160
TABLE 78CANADA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)161
12.3.7.3Mexico161
12.3.7.3.1Increasing investments in oil & gas industry and data centers is propelling market growth in Mexico161
TABLE 79MEXICO: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)162
12.4MIDDLE EAST & AFRICA162
12.4.1BY FUEL TYPE163
TABLE 80MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)163
12.4.2BY POWER RATING163
TABLE 81MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY POWER RATING, 2020–2027 (USD MILLION)163
 
12.4.3BY APPLICATION163
TABLE 82MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION)163
12.4.4BY END USER164
TABLE 83MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)164
12.4.5BY RENTAL TYPE164
TABLE 84MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION)164
12.4.6BY EQUIPMENT165
TABLE 85MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION)165
12.4.7BY COUNTRY165
TABLE 86MIDDLE EAST & AFRICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION)165
12.4.7.1Saudi Arabia166
12.4.7.1.1Rising investment in oil & gas sector and data centers is favoring market growth166
TABLE 87SAUDI ARABIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)166
12.4.7.2UAE167
12.4.7.2.1Demand from construction, oilfields, and manufacturing sectors leading to growth of power rental market in UAE167
TABLE 88UAE: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)167
12.4.7.3Qatar168
12.4.7.3.1Events and construction industries are expected to drive power rental market in Qatar168
TABLE 89QATAR: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)168
12.4.7.4Nigeria168
12.4.7.4.1High dependence on rental generators to provide continued power supply substantiates market growth in Nigeria168
TABLE 90NIGERIA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)169
12.4.7.5South Africa169
12.4.7.5.1Increasing investment in mining sector to fuel demand for power rental solutions in South Africa169
TABLE 91SOUTH AFRICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)170
12.4.7.6Rest of the Middle East & Africa170
TABLE 92REST OF MIDDLE EAST & AFRICA: POWER RENTAL MARKET,
BY END USER, 2020–2027 (USD MILLION)171
12.5EUROPE171
12.5.1BY FUEL TYPE172
TABLE 93EUROPE: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)172
 
12.5.2BY POWER RATING172
TABLE 94EUROPE: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION)172
12.5.3BY APPLICATION173
TABLE 95EUROPE: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION)173
12.5.4BY END USER173
TABLE 96EUROPE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)173
12.5.5BY RENTAL TYPE173
TABLE 97EUROPE: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION)173
12.5.6BY EQUIPMENT174
TABLE 98EUROPE: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION)174
12.5.7BY COUNTRY174
TABLE 99EUROPE: POWER RENTAL MARKET, BY COUNTRY, 2020–2027 (USD MILLION)174
12.5.7.1UK174
12.5.7.1.1Rapid industrialization is expected to drive power rental market in UK174
TABLE 100UK: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)175
12.5.7.2Russia175
12.5.7.2.1Surging investments in oil & gas and mining sectors to accelerate power rental market growth in Russia175
TABLE 101RUSSIA: POWER RENTAL MARKET, BY END USER,2020–2027 (USD MILLION)176
12.5.7.3Germany176
12.5.7.3.1Need for reliable backup power for manufacturing, data center, and construction sector to boost market growth in Germany176
TABLE 102GERMANY: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)177
12.5.7.4Italy177
12.5.7.4.1Increasing focus on developments and events is expected to drive power rental market in Italy177
TABLE 103ITALY: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)178
12.5.7.5France178
12.5.7.5.1Demand for power rental solutions in mining sector and major events is fueling market growth in France178
TABLE 104FRANCE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)179
12.5.7.6Rest of Europe179
TABLE 105REST OF EUROPE: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)180
12.6SOUTH AMERICA180
12.6.1BY FUEL TYPE181
TABLE 106SOUTH AMERICA: POWER RENTAL MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)181
12.6.2BY POWER RATING181
TABLE 107SOUTH AMERICA: POWER RENTAL MARKET, BY POWER RATING,
2020–2027 (USD MILLION)181
12.6.3BY APPLICATION181
TABLE 108SOUTH AMERICA: POWER RENTAL MARKET, BY APPLICATION,
2020–2027 (USD MILLION)181
12.6.4BY END USER182
TABLE 109SOUTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)182
12.6.5BY RENTAL TYPE182
TABLE 110SOUTH AMERICA: POWER RENTAL MARKET, BY RENTAL TYPE,
2020–2027 (USD MILLION)182
12.6.6BY EQUIPMENT182
TABLE 111SOUTH AMERICA: POWER RENTAL MARKET, BY EQUIPMENT,
2020–2027 (USD MILLION)182
12.6.7BY COUNTRY183
TABLE 112SOUTH AMERICA: POWER RENTAL MARKET, BY COUNTRY,
2020–2027 (USD MILLION)183
12.6.7.1Brazil183
12.6.7.1.1Increasing investments in mining sector and expansion of data centers propel demand for power rental solutions in Brazil183
TABLE 113BRAZIL: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)184
12.6.7.2Argentina184
12.6.7.2.1Investments in oil & gas, mining, and manufacturing industries to fuel demand for power rental equipment in Argentina184
TABLE 114ARGENTINA: POWER RENTAL MARKET BY END USER,
2020–2027 (USD MILLION)185
12.6.7.3Chile185
12.6.7.3.1Developments in infrastructure and mining sectors to augment market growth in Chile185
TABLE 115CHILE: POWER RENTAL MARKET, BY END USER, 2020–2027 (USD MILLION)186
12.6.7.4Rest of South America186
TABLE 116REST OF SOUTH AMERICA: POWER RENTAL MARKET, BY END USER,
2020–2027 (USD MILLION)187
13COMPETITIVE LANDSCAPE188
13.1KEY PLAYERS STRATEGIES188
TABLE 117OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022188
13.2MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS190
TABLE 118POWER RENTAL MARKET: DEGREE OF COMPETITION190
FIGURE 51POWER RENTAL MARKET SHARE ANALYSIS, 2020191
13.3REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS192
FIGURE 52TOP PLAYERS IN POWER RENTAL MARKET FROM 2016 TO 2020192
 
13.4COMPETITIVE LEADERSHIP MAPPING193
13.4.1STAR193
13.4.2EMERGING LEADER193
13.4.3PERVASIVE193
13.4.4PARTICIPANT193
FIGURE 53POWER RENTAL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021194
13.5START-UP/SME EVALUATION QUADRANT, 2021195
13.5.1PROGRESSIVE COMPANIES195
13.5.2RESPONSIVE COMPANIES195
13.5.3DYNAMIC COMPANIES195
13.5.4STARTING BLOCKS195
FIGURE 54POWER RENTAL MARKET: START-UP/SME EVALUATION QUADRANT, 2020196
TABLE 119POWER RENTAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES197
TABLE 120POWER RENTAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES198
13.6POWER RENTAL MARKET: COMPANY FOOTPRINT199
TABLE 121POWER RATING: COMPANY POWER RATING FOOTPRINT199
TABLE 122FUEL TYPE: COMPANY FUEL TYPE FOOTPRINT200
TABLE 123END USER: COMPANY END USER FOOTPRINT201
TABLE 124REGION: COMPANY REGION FOOTPRINT202
TABLE 125COMPANY FOOTPRINT203
13.7COMPETITIVE SCENARIO204
TABLE 126POWER RENTAL MARKET: NEW PRODUCT LAUNCHES, JANUARY 2018–JANUARY 2022204
TABLE 127POWER RENTAL MARKET: DEALS, JANUARY 2018–JANUARY 2022204
TABLE 128POWER RENTAL MARKET: OTHERS, JANUARY 2018–JANUARY 2022206
14COMPANY PROFILES207
14.1KEY PLAYERS207
(Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view)*
14.1.1AGGREKO PLC207
TABLE 129AGGREKO PLC: BUSINESS OVERVIEW207
FIGURE 55AGGREKO PLC: COMPANY SNAPSHOT, 2020208
TABLE 130AGGREKO PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED209
TABLE 131AGGREKO PLC: PRODUCT LAUNCHES210
TABLE 132AGGREKO PLC: DEALS211
TABLE 133AGGREKO PLC: OTHERS212
14.1.2ASHTEAD GROUP PLC214
TABLE 134ASHTEAD GROUP PLC: BUSINESS OVERVIEW214
FIGURE 56ASHTEAD GROUP PLC: COMPANY SNAPSHOT, 2021215
TABLE 135ASHTEAD GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED215
TABLE 136ASHTEAD GROUP PLC: OTHERS216
14.1.3UNITED RENTALS INC218
TABLE 137UNITED RENTALS INC: BUSINESS OVERVIEW218
FIGURE 57UNITED RENTALS INC: COMPANY SNAPSHOT, 2021219
TABLE 138UNITED RENTALS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED219
TABLE 139UNITED RENTALS INC: DEALS220
TABLE 140UNITED RENTALS INC: OTHERS221
14.1.4ATLAS COPCO223
TABLE 141ATLAS COPCO: BUSINESS OVERVIEW223
FIGURE 58ATLAS COPCO: COMPANY SNAPSHOT, 2020224
TABLE 142ATLAS COPCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED225
TABLE 143ATLAS COPCO: PRODUCT LAUNCHES225
TABLE 144ATLAS COPCO: DEALS226
TABLE 145ATLAS COPCO: OTHERS226
14.1.5CATERPILLAR INC.228
TABLE 146CATERPILLAR INC: BUSINESS OVERVIEW228
FIGURE 59CATERPILLAR INC: COMPANY SNAPSHOT, 2020229
TABLE 147CATERPILLAR INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED229
TABLE 148CATERPILLAR INC: DEALS232
TABLE 149CATERPILLAR INC: OTHERS232
14.1.6CUMMINS INC.234
TABLE 150CUMMINS INC.: BUSINESS OVERVIEW234
FIGURE 60CUMMINS INC.: COMPANY SNAPSHOT, 2021235
TABLE 151CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED236
TABLE 152CUMMINS INC.: PRODUCT LAUNCHES237
14.1.7HERC RENTALS238
TABLE 153HERC RENTALS: BUSINESS OVERVIEW238
FIGURE 61HERC RENTALS: COMPANY SNAPSHOT, 2020239
TABLE 154HERC RENTALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED240
14.1.8GENERAC HOLDINGS INC.241
TABLE 155GENERAC HOLDINGS INC.: BUSINESS OVERVIEW241
FIGURE 62GENERAC HOLDINGS INC.: COMPANY SNAPSHOT, 2020242
TABLE 156GENERAC HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED242
TABLE 157GENERAC HOLDINGS INC: PRODUCT LAUNCHES244
TABLE 158GENERAC HOLDINGS INC: DEALS245
TABLE 159GENERAC HOLDINGS INC.: OTHERS245
14.1.9WACKER NEUSON246
TABLE 160WACKER NEUSON: BUSINESS OVERVIEW246
FIGURE 63WACKER NEUSON: COMPANY SNAPSHOT, 2020247
TABLE 161WACKER NEUSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED247
TABLE 162WACKER NEUSON: PRODUCT LAUNCHES248
TABLE 163WACKER NEUSON: OTHERS248
 
14.1.10KOHLER CO249
TABLE 164KOHLER CO: BUSINESS OVERVIEW249
TABLE 165KOHLER CO: PRODUCTS/SOLUTIONS/SERVICES OFFERED249
14.1.11SOENERGY INTERNATIONAL251
TABLE 166SOENERGY INTERNATIONAL: BUSINESS OVERVIEW251
TABLE 167SOENERGY INTERNATONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED252
TABLE 168SOENERGY INTERNATIONAL: OTHERS252
14.1.12BREDENOORD253
TABLE 169BREDENOORD: BUSINESS OVERVIEW253
TABLE 170BREDENOORD: PRODUCTS/SOLUTIONS/SERVICES OFFERED254
TABLE 171BREDENOORD: PRODUCT LAUNCHES255
TABLE 172BREDENOORD: DEALS255
TABLE 173BREDENOORD: OTHERS256
14.1.13ALLMAND BROTHERS INC.257
TABLE 174ALLMAND BROTHERS INC.: BUSINESS OVERVIEW257
TABLE 175ALLMAND BROTHERS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED257
14.1.14MULTIQUIP INC259
TABLE 176MULTIQUIP INC: BUSINESS OVERVIEW259
TABLE 177MULTIQUIP INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED260
14.1.15OTHER KEY PLAYERS261
14.1.15.1J&J equipment rentals & sales261
14.1.15.2Ahern rentals261
14.1.15.3One source rentals262
14.1.15.4D.I.Y. rentals262
14.1.15.5APR energy262
14.1.15.6AL faris group263
14.1.15.7Shenton group263
14.1.15.8Propower rental264
14.1.15.9Yanmar264
*Details on Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15APPENDIX265
15.1INSIGHTS OF INDUSTRY EXPERTS265
15.2DISCUSSION GUIDE265
15.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL270
15.4AVAILABLE CUSTOMIZATIONS272
15.5RELATED REPORTS272
15.6AUTHOR DETAILS273