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Power Rental-Global Market Outlook (2019-2027)

Power Rental-Global Market Outlook (2019-2027)

4.9 (83 reviews)
Published: March 2021 ID: SMRC20355
4.9 (83 reviews)
Published: March 2021 ID: SMRC20355

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Power Rental market accounted for $8.09 billion in 2019 and is expected to reach $16.48 billion by 2027 growing at a CAGR of 9.3% during the forecast period. The growing need for electrification and continuous power supply in developing regions, demand for continuous power supply from mining and oil & gas industries and ageing power infrastructure and need for grid stabilization are the major factors driving the market growth. However, fluctuations in raw material prices and stringent environmental regulations market may hinder the market growth.

Power rental, also known as power on hire comes with various advantages over the other counterparts. The rental generators are helpful over the purchased generators as they supply flexibility within the power rating needed, negligible maintenance and installation prices promptly available on short notice, and lower initial prices among other alternative options. The manufacturers mainly prefer hiring generators just in case of maintenance of the present power supply system, lack of accessibility of grid infrastructure, and demand for power for a temporary time period. The rental power is a popular concept for the events that are organized across completely different components of the planet.

Based on fuel type, the diesel segment accounted for considerable market share during the forecast period due to economical operation, easy availability and storage. Diesel generator sets are perfect for long-term (prime) operations with a load of range 70–80% as they are typically designed to supply the top operational efficiency.

By geography, South America region holds a largest market share in the power rental market during the forecast period. The South America region is among the key producer of lithium and graphite with mining activities in Brazil, Argentina and Chile. The grid infrastructure in South America has not reached the remote places such as the Caribbean islands where the power rental is still the major source of power. Owing to such conditions, the power rental market is expected to gain traction in the South America region.

Some of the key players profiled in the Power Rental market include Aggreko, APR Energy, Atlas Copco, Caterpillar Inc, Cummins Inc, FG Wilson, Generac Power Systems, Kohler Co, Newburn Power Rental Ltd,  NIDS Group, Shenton Group, Speedy Hire PLC, Sudhir Power Ltd, Wacker  Neuson Group, Wartsila company.

Fuels Type Covered:

• Dual Fuel
• Diesel
• Gas Generators
• Heavy Fuel Oil (HFO)  & Petrol
• Liquefied Petroleum Gas (LPG)
• Natural Gas
• Hybrid

Ratings Covered:

• Below 75 KVA
• 75 – 375 KVA
• 375 – 750 KVA
• Above 750 KVA

Equipments Type Covered:

• Clamps
• Generator
• Load Bank
• Temporary Power Plant
• Transformer
• Wires

Rentals Type Covered:

• Retail Rental
• Project Rental

Power Ratings Covered:

• Less than 10 kW
• 11 kW - 20 kW
• 21 kW - 50 kW
• 51 kW - 100 kW
• 101 kW - 250 kW
• 251 kW - 500 kW
• 501 kW - 1000 kW
• 1001 kW -1500 kW
• 1501 kW - 2000 kW
• 2001 kW - 2500 kW
• Above 2500 kW

Applications Covered:

• Continuous Power
• Standby Power
• Prime power

End Users Covered:

• Telecom & Datacenter
• Data Centre
• Electric Utilities
• Events
• Healthcare
• Hospitals
• Industrial
• Manufacturing
• Marine
• Military
• Offshore
• Oil and Gas
• Quarrying & Mining
• Shipping
• Telecom

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
•   Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
•   Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
•   Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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