Power Rental Systems Market
Power Rental Systems Market Forecasts to 2030 - Global Analysis By Equipment Type (Generators, Load Banks, Transformers and Other Equipment Types), Power Rating (Low Power (Up to 50 kVA), Medium Power (51-500 kVA) and High Power (Above 500 kVA)), Rental Duration, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $10.88 BN |
|
Projected Year Value (2030) |
US $16.06 BN |
|
CAGR (2024-2030) |
6.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Power Rental Systems Market is accounted for $10.88 billion in 2024 and is expected to reach $16.06 billion by 2030 growing at a CAGR of 6.7% during the forecast period. Power rental systems are short-term power supply options that use rented generators and equipment to supply electricity for a range of uses. These systems provide scalable, adaptable power generation for events, industrial facilities, building sites, and emergency backup during blackouts. They enable businesses to meet short-term or supplemental power needs without making capital investments. Typically, they consist of generators, distribution equipment, fuel systems, and technical support services.
According to the U.S. Department of Energy, stationary and transportation energy storage combined markets are estimated to grow 2.5–4 terawatt-hours (TWh) annually by 2030.
Market Dynamics:
Driver:
Rising demand for uninterrupted power supply
The increasing need for reliable and continuous power in industries such as construction, oil & gas, and manufacturing drives the power rental systems market. Frequent power outages and inadequate grid infrastructure in many regions necessitate temporary power solutions. Additionally, rapid urbanization and industrialization further amplify demand for backup and peak load power systems. These factors collectively ensure that power rental systems remain a critical solution for maintaining operational continuity and meeting energy demands effectively.
Restraint:
Stringent environmental regulations
Environmental regulations targeting emissions and noise pollution from diesel generators pose challenges to the power rental systems market. Compliance with these regulations requires companies to invest in cleaner technologies, such as hybrid or renewable energy-integrated systems, which can increase costs. Furthermore, restrictions on generator use in sensitive areas, such as residential zones or nature reserves, limit market expansion. These regulatory pressures compel rental companies to adapt while managing operational expenses.
Opportunity:
Rising electrification in developing regions
Developing regions present significant opportunities due to increasing electrification efforts and infrastructure development. Many areas lack stable grid connectivity, creating demand for temporary power solutions during construction projects or emergencies. Governments’ focus on rural electrification and renewable energy integration further boosts the need for flexible rental systems. As industries expand in these regions, power rental providers can capitalize on the growing requirement for scalable and cost-effective energy solutions.
Threat:
Volatility in raw material prices
Fluctuating prices of raw materials like diesel and natural gas significantly impact operating costs for power rental companies. Rising fuel costs can lead to higher rental rates, making services less attractive to cost-sensitive customers. Additionally, geopolitical tensions and supply chain disruptions exacerbate price instability, affecting profitability. This volatility poses a challenge for rental providers striving to maintain competitive pricing while ensuring service quality.
Covid-19 Impact:
The COVID-19 pandemic caused disruptions across industries relying on power rentals, such as events and construction, leading to reduced demand. Conversely, sectors like healthcare saw increased reliance on temporary power solutions to support emergency facilities and field hospitals. Supply chain challenges also impacted equipment availability and delivery timelines. Despite these setbacks, the market rebounded post-pandemic as economic activities resumed, highlighting the critical role of power rentals in maintaining operational resilience during crises.
The generators segment is expected to be the largest during the forecast period
The generators segment is expected to account for the largest market share during the forecast period due to their versatility in providing reliable power across various sectors like construction, oil & gas, and events. Their ability to deliver consistent electricity in remote or grid-constrained areas makes them indispensable for temporary needs. Technological advancements have also improved generator efficiency and emissions compliance, aligning with environmental regulations. These factors ensure that generators remain the preferred choice for industries requiring scalable and dependable power solutions.
The medium power (51-500 kVA) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the medium power (51-500 kVA) segment is predicted to witness the highest growth rate due to their suitability for diverse applications across construction sites, small-scale industries, and commercial establishments. These systems offer an optimal balance between capacity and portability, making them ideal for temporary setups. The rising adoption of medium-power solutions in developing regions with expanding infrastructure projects further drives this segment’s growth.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rapid industrialization, urbanization, and infrastructure development in countries like China and India. Frequent power outages and inadequate grid connectivity drive demand for temporary solutions across sectors such as construction and manufacturing. Government initiatives promoting rural electrification and renewable energy integration further enhance market growth in this region.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to increasing investments in infrastructure projects and rising energy demands from industrial expansion. The region’s focus on renewable energy integration creates opportunities for hybrid rental systems. Additionally, growing awareness of energy security ensures sustained demand for flexible power solutions across emerging economies in this region.
Key players in the market
Some of the key players in Power Rental Systems Market include Aggreko, Caterpillar Inc., United Rentals Inc., Cummins Inc., Atlas Copco AB, Ashtead Group plc, Herc Rentals Inc., Generac Power Systems, APR Energy, Kohler Co., Wacker Neuson SE, Bredenoord, Wärtsilä, SoEnergy International, Shenton Group, Power Electrics, HIMOINSA and FG Wilson.
Key Developments:
In August 2024, Aggreko, a global leader in energy solutions, announced the addition of two new mid-node battery energy storage systems (BESS) to their Greener Upgrades line of temporary power options. The two integrated energy storage solutions are excellent options for North America customers looking for greener and more efficient energy options for larger projects and a wider variety of applications across different sectors, expanding on the capabilities of Aggreko’s 30 kVA and 60 kVA small-node models.
In January 2024, Caterpillar Inc. is set to demonstrate the Power of Possible at CES® 2024, one of the largest tech events in the world. The exhibit will highlight Caterpillar’s electric machines and energy solutions, designed to meet the evolving needs of our customers as they electrify their job sites. As a technology leader for nearly a century, Caterpillar continues to innovate and invest in electrification, alternative fuels, connectivity, and digital solutions to help our customers meet their sustainability goals.
Equipment Types Covered:
• Generators
• Load Banks
• Transformers
• Power Distribution Units (PDUs)/Switchgear
• Cables and Accessories
Power Ratings Covered:
• Low Power (Up to 50 kVA)
• Medium Power (51-500 kVA)
• High Power (Above 500 kVA)
Rental Durations Covered:
• Short-term (1-6 months)
• Medium-term (6-12 months)
• Long-term (Over 12 months)
End Users Covered:
• Energy & Resources
• Industrial
• Utilities & Infrastructure
• Construction & Development
• Commercial & Events
• Public & Emergency Services
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 2022, 2023, 2024, 2026, and 2030
- 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
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 End User Analysis
3.7 Emerging Markets
3.8 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 Systems Market, By Equipment Type
5.1 Introduction
5.2 Generators
5.2.1 Diesel Generators
5.2.2 Gas Generators
5.2.3 Hybrid Generators
5.3 Load Banks
5.4 Transformers
5.5 Power Distribution Units (PDUs)/Switchgear
5.6 Cables and Accessories
6 Global Power Rental Systems Market, By Power Rating
6.1 Introduction
6.2 Low Power (Up to 50 kVA)
6.3 Medium Power (51-500 kVA)
6.4 High Power (Above 500 kVA)
7 Global Power Rental Systems Market, By Rental Duration
7.1 Introduction
7.2 Short-term (1-6 months)
7.3 Medium-term (6-12 months)
7.4 Long-term (Over 12 months)
8 Global Power Rental Systems Market, By End User
8.1 Introduction
8.2 Energy & Resources
8.2.1 Oil and Gas (Onshore)
8.2.2 Offshore Operations
8.2.3 Mining Operations
8.3 Industrial
8.3.1 Manufacturing & Process Industries
8.3.2 Heavy Industry
8.3.3 Warehousing & Logistics
8.4 Utilities & Infrastructure
8.4.1 Power Generation & Distribution
8.4.2 Data Centers
8.4.3 Telecommunications
8.4.4 Water Treatment Facilities
8.5 Construction & Development
8.5.1 Infrastructure Projects
8.5.2 Commercial Construction
8.5.3 Temporary Construction Sites
8.6 Commercial & Events
8.6.1 Events & Entertainment
8.6.2 Retail Centers
8.6.3 Hospitality Venues
8.6.4 Office Complexes
8.7 Public & Emergency Services
8.7.1 Healthcare Facilities
8.7.2 Emergency Response
8.7.3 Government Facilities
8.7.4 Educational Institutions
9 Global Power Rental Systems Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Aggreko
11.2 Caterpillar Inc.
11.3 United Rentals Inc.
11.4 Cummins Inc.
11.5 Atlas Copco AB
11.6 Ashtead Group plc
11.7 Herc Rentals Inc.
11.8 Generac Power Systems
11.9 APR Energy
11.10 Kohler Co.
11.11 Wacker Neuson SE
11.12 Bredenoord
11.13 Wärtsilä
11.14 SoEnergy International
11.15 Shenton Group
11.16 Power Electrics
11.17 HIMOINSA
11.18 FG Wilson
List of Tables
1 Global Power Rental Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Power Rental Systems Market Outlook, By Equipment Type (2022-2030) ($MN)
3 Global Power Rental Systems Market Outlook, By Generators (2022-2030) ($MN)
4 Global Power Rental Systems Market Outlook, By Diesel Generators (2022-2030) ($MN)
5 Global Power Rental Systems Market Outlook, By Gas Generators (2022-2030) ($MN)
6 Global Power Rental Systems Market Outlook, By Hybrid Generators (2022-2030) ($MN)
7 Global Power Rental Systems Market Outlook, By Load Banks (2022-2030) ($MN)
8 Global Power Rental Systems Market Outlook, By Transformers (2022-2030) ($MN)
9 Global Power Rental Systems Market Outlook, By Power Distribution Units (PDUs)/Switchgear (2022-2030) ($MN)
10 Global Power Rental Systems Market Outlook, By Cables and Accessories (2022-2030) ($MN)
11 Global Power Rental Systems Market Outlook, By Power Rating (2022-2030) ($MN)
12 Global Power Rental Systems Market Outlook, By Low Power (Up to 50 kVA) (2022-2030) ($MN)
13 Global Power Rental Systems Market Outlook, By Medium Power (51-500 kVA) (2022-2030) ($MN)
14 Global Power Rental Systems Market Outlook, By High Power (Above 500 kVA) (2022-2030) ($MN)
15 Global Power Rental Systems Market Outlook, By Rental Duration (2022-2030) ($MN)
16 Global Power Rental Systems Market Outlook, By Short-term (1-6 months) (2022-2030) ($MN)
17 Global Power Rental Systems Market Outlook, By Medium-term (6-12 months) (2022-2030) ($MN)
18 Global Power Rental Systems Market Outlook, By Long-term (Over 12 months) (2022-2030) ($MN)
19 Global Power Rental Systems Market Outlook, By End User (2022-2030) ($MN)
20 Global Power Rental Systems Market Outlook, By Energy & Resources (2022-2030) ($MN)
21 Global Power Rental Systems Market Outlook, By Oil and Gas (Onshore) (2022-2030) ($MN)
22 Global Power Rental Systems Market Outlook, By Offshore Operations (2022-2030) ($MN)
23 Global Power Rental Systems Market Outlook, By Mining Operations (2022-2030) ($MN)
24 Global Power Rental Systems Market Outlook, By Industrial (2022-2030) ($MN)
25 Global Power Rental Systems Market Outlook, By Manufacturing & Process Industries (2022-2030) ($MN)
26 Global Power Rental Systems Market Outlook, By Heavy Industry (2022-2030) ($MN)
27 Global Power Rental Systems Market Outlook, By Warehousing & Logistics (2022-2030) ($MN)
28 Global Power Rental Systems Market Outlook, By Utilities & Infrastructure (2022-2030) ($MN)
29 Global Power Rental Systems Market Outlook, By Power Generation & Distribution (2022-2030) ($MN)
30 Global Power Rental Systems Market Outlook, By Data Centers (2022-2030) ($MN)
31 Global Power Rental Systems Market Outlook, By Telecommunications (2022-2030) ($MN)
32 Global Power Rental Systems Market Outlook, By Water Treatment Facilities (2022-2030) ($MN)
33 Global Power Rental Systems Market Outlook, By Construction & Development (2022-2030) ($MN)
34 Global Power Rental Systems Market Outlook, By Infrastructure Projects (2022-2030) ($MN)
35 Global Power Rental Systems Market Outlook, By Commercial Construction (2022-2030) ($MN)
36 Global Power Rental Systems Market Outlook, By Temporary Construction Sites (2022-2030) ($MN)
37 Global Power Rental Systems Market Outlook, By Commercial & Events (2022-2030) ($MN)
38 Global Power Rental Systems Market Outlook, By Events & Entertainment (2022-2030) ($MN)
39 Global Power Rental Systems Market Outlook, By Retail Centers (2022-2030) ($MN)
40 Global Power Rental Systems Market Outlook, By Hospitality Venues (2022-2030) ($MN)
41 Global Power Rental Systems Market Outlook, By Office Complexes (2022-2030) ($MN)
42 Global Power Rental Systems Market Outlook, By Public & Emergency Services (2022-2030) ($MN)
43 Global Power Rental Systems Market Outlook, By Healthcare Facilities (2022-2030) ($MN)
44 Global Power Rental Systems Market Outlook, By Emergency Response (2022-2030) ($MN)
45 Global Power Rental Systems Market Outlook, By Government Facilities (2022-2030) ($MN)
46 Global Power Rental Systems Market Outlook, By Educational Institutions (2022-2030) ($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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