Power Rental Market
Power Rental-Global Market Outlook (2019-2027)
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact Of Covid 19
4 Porters Five Force Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Power Rental Market, By Fuel Type
5.1 Introduction
5.2 Dual Fuel
5.3 Diesel
5.4 Gas Generators
5.5 Heavy Fuel Oil (HFO) & Petrol
5.6 Liquefied Petroleum Gas (LPG)
5.7 Natural Gas
5.8 Hybrid
6 Global Power Rental Market, By Rating
6.1 Introduction
6.2 Below 75 KVA
6.3 75 – 375 KVA
6.4 375 – 750 KVA
6.5 Above 750 KVA
7 Global Power Rental Market, By Equipment Type
7.1 Introduction
7.2 Clamps
7.3 Generator
7.4 Load Bank
7.5 Temporary Power Plant
7.6 Transformer
7.7 Wires
8 Global Power Rental Market, By Rental Type
8.1 Introduction
8.2 Retail Rental
8.3 Project Rental
9 Global Power Rental Market, By Power Rating
9.1 Introduction
9.2 Less than 10 kW
9.3 11 kW - 20 kW
9.4 21 kW - 50 kW
9.5 51 kW - 100 kW
9.6 101 kW - 250 kW
9.7 251 kW - 500 kW
9.8 501 kW - 1000 kW
9.9 1001 kW -1500 kW
9.10 1501 kW - 2000 kW
9.11 2001 kW - 2500 kW
9.12 Above 2500 kW
10 Global Power Rental Market, By Application
10.1 Introduction
10.2 Continuous Power
10.3 Standby Power
10.4 Prime Power
10.4.1 Peak Shaving
10.4.2 Base Loading
11 Global Power Rental Market, By End User
11.1 Introduction
11.2 Telecom & Datacenter
11.3 Data center
11.4 Electric Utilities
11.5 Events
11.6 Healthcare
11.7 Hospitals
11.8 Industrial
11.9 Manufacturing
11.10 Marine
11.11 Military
11.12 Offshore
11.13 Oil and Gas
11.14 Quarrying & Mining
11.15 Shipping
12 Global Power Rental Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Aggreko
14.2 APR Energy
14.3 Atlas Copco
14.4 Caterpillar Inc
14.5 Cummins Inc
14.6 FG Wilson
14.7 Generac Power Systems
14.8 Kohler Co
14.9 Newburn Power Rental Ltd
14.10 NIDS Group
14.11 Shenton Group
14.12 Speedy Hire PLC
14.13 Sudhir Power Ltd
14.14 Wacker Neuson Group
14.15 Wartsila
List of Tables
1 Global Power Rental Market Outlook, By Region (2018-2027) (US $MN)
2 Global Power Rental Market Outlook, By Fuel Type (2018-2027) (US $MN)
3 Global Power Rental Market Outlook, By Dual Fuel (2018-2027) (US $MN)
4 Global Power Rental Market Outlook, By Diesel (2018-2027) (US $MN)
5 Global Power Rental Market Outlook, By Gas Generators (2018-2027) (US $MN)
6 Global Power Rental Market Outlook, By Heavy Fuel Oil (HFO) & Petrol (2018-2027) (US $MN)
7 Global Power Rental Market Outlook, By Liquefied Petroleum Gas (LPG) (2018-2027) (US $MN)
8 Global Power Rental Market Outlook, By Natural Gas (2018-2027) (US $MN)
9 Global Power Rental Market Outlook, By Hybrid (2018-2027) (US $MN)
10 Global Power Rental Market Outlook, By Rating (2018-2027) (US $MN)
11 Global Power Rental Market Outlook, By Below 75 KVA (2018-2027) (US $MN)
12 Global Power Rental Market Outlook, By 75 – 375 KVA (2018-2027) (US $MN)
13 Global Power Rental Market Outlook, By 375 – 750 KVA (2018-2027) (US $MN)
14 Global Power Rental Market Outlook, By Above 750 KVA (2018-2027) (US $MN)
15 Global Power Rental Market Outlook, By Equipment Type (2018-2027) (US $MN)
16 Global Power Rental Market Outlook, By Clamps (2018-2027) (US $MN)
17 Global Power Rental Market Outlook, By Generator (2018-2027) (US $MN)
18 Global Power Rental Market Outlook, By Load Bank (2018-2027) (US $MN)
19 Global Power Rental Market Outlook, By Temporary Power Plant (2018-2027) (US $MN)
20 Global Power Rental Market Outlook, By Transformer (2018-2027) (US $MN)
21 Global Power Rental Market Outlook, By Wires (2018-2027) (US $MN)
22 Global Power Rental Market Outlook, By Rental Type (2018-2027) (US $MN)
23 Global Power Rental Market Outlook, By Retail Rental (2018-2027) (US $MN)
24 Global Power Rental Market Outlook, By Project Rental (2018-2027) (US $MN)
25 Global Power Rental Market Outlook, By Power Rating (2018-2027) (US $MN)
26 Global Power Rental Market Outlook, By Less than 10 kW (2018-2027) (US $MN)
27 Global Power Rental Market Outlook, By 11 kW - 20 kW (2018-2027) (US $MN)
28 Global Power Rental Market Outlook, By 21 kW - 50 kW (2018-2027) (US $MN)
29 Global Power Rental Market Outlook, By 51 kW - 100 kW (2018-2027) (US $MN)
30 Global Power Rental Market Outlook, By 101 kW - 250 kW (2018-2027) (US $MN)
31 Global Power Rental Market Outlook, By 251 kW - 500 kW (2018-2027) (US $MN)
32 Global Power Rental Market Outlook, By 501 kW - 1000 kW (2018-2027) (US $MN)
33 Global Power Rental Market Outlook, By 1001 kW -1500 kW (2018-2027) (US $MN)
34 Global Power Rental Market Outlook, By 1501 kW - 2000 kW (2018-2027) (US $MN)
35 Global Power Rental Market Outlook, By 2001 kW - 2500 kW (2018-2027) (US $MN)
36 Global Power Rental Market Outlook, By Above 2500 kW (2018-2027) (US $MN)
37 Global Power Rental Market Outlook, By Application (2018-2027) (US $MN)
38 Global Power Rental Market Outlook, By Continuous Power (2018-2027) (US $MN)
39 Global Power Rental Market Outlook, By Standby Power (2018-2027) (US $MN)
40 Global Power Rental Market Outlook, By Prime Power (2018-2027) (US $MN)
41 Global Power Rental Market Outlook, By Peak Shaving (2018-2027) (US $MN)
42 Global Power Rental Market Outlook, By Base Loading (2018-2027) (US $MN)
43 Global Power Rental Market Outlook, By End User (2018-2027) (US $MN)
44 Global Power Rental Market Outlook, By Telecom & Datacenter (2018-2027) (US $MN)
45 Global Power Rental Market Outlook, By Data center (2018-2027) (US $MN)
46 Global Power Rental Market Outlook, By Electric Utilities (2018-2027) (US $MN)
47 Global Power Rental Market Outlook, By Events (2018-2027) (US $MN)
48 Global Power Rental Market Outlook, By Healthcare (2018-2027) (US $MN)
49 Global Power Rental Market Outlook, By Hospitals (2018-2027) (US $MN)
50 Global Power Rental Market Outlook, By Industrial (2018-2027) (US $MN)
51 Global Power Rental Market Outlook, By Manufacturing (2018-2027) (US $MN)
52 Global Power Rental Market Outlook, By Marine (2018-2027) (US $MN)
53 Global Power Rental Market Outlook, By Military (2018-2027) (US $MN)
54 Global Power Rental Market Outlook, By Offshore (2018-2027) (US $MN)
55 Global Power Rental Market Outlook, By Oil and Gas (2018-2027) (US $MN)
56 Global Power Rental Market Outlook, By Quarrying & Mining (2018-2027) (US $MN)
57 Global Power Rental Market Outlook, By Shipping (2018-2027) (US $MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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