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Press Release:

Global Power Rental Market to Reach 24.9 Billion by 2025, Supported by the Advent of Environment-Friendly Solutions

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Power Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global power rental market reached a value of US$ 8.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Power rental refers to the facility of temporarily renting power plants or generators for supplying energy to industrial units. It delivers functioning power equipment along with various scalable components, which are installed in power stations. It also offers reliability, flexibility, speed and cost-effectiveness to businesses for coping with brief shortages of power. The power rental services are aimed to stabilize utility power grids and provide additional energy to industries and support communities. Owing to this, it finds extensive application across the construction, mining, and oil & gas industries.

 

 
 

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Global Power Rental Market Trends:

The rising demand for uninterrupted power supply along with rapid industrialization across the globe are the key factors driving the market growth. The increasing instances of unreliable power supply generated through small-scale power grids and limited access to the main transmission network has catalysed the demand for rental generators across the utility and manufacturing industries. Furthermore, there is a growing requirement for scalable rental equipment that can overcome the problems associated with voltage sags & swells, and power outages. Additionally, rising awareness regarding the benefits of outsourcing power equipment is also impacting the market positively. Power rental systems enables consumers to obtain equipment according to their requirements in a cost-effective manner. Moreover, the implementation of favourable government initiatives to expand metro and airport networks, along with the construction of hotels and shopping malls, are further increasing the demand for power rental across both the developed and emerging nations. Other factors, including the adoption of natural gas-based power generators and the increasing deployment of renewables as an alternative power source to reduce carbon emissions, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global power rental market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on equipment type, fuel type, power rating, application and end use industry.

Breakup by Equipment Type:

 

 
 

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  • Generator
  • Transformer
  • Load Bank
  • Others

 

Breakup by Fuel Type:

  • Diesel
  • Natural Gas
  • Others


Diesel currently is the most popular fuel type across the globe, owing to its higher energy density as compared to natural gas.

Breakup by Power Rating:

  • Up to 50 kW
  • 51 –500 kW
  • 501 –2,500 kW
  • Above 2,500 kW


The 501 –2,500 kW power rating segment dominates the market.

Breakup by Application:

  • Peak Shaving
  • Standby Power
  • Base Load/Continuous Power


At present, base load/continuous power represents the leading application segment.

Breakup by End Use Industry:

  • Utilities
  • Oil & Gas
  • Events
  • Construction
  • Mining
  • Data Centers
  • Others


The utility industry accounts for the majority of the market share.

Regional Insights:

 

 
 

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  • North America
    • United States 
    • Canada 
  • Europe
    • Germany
    • United Kingdom
    • France
    • Russia
    • Italy 
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea 
    • India 
    • Australia 
    • Others
  • Latin America
    • Brazil 
    • Mexico 
    • Others
  • Middle East and Africa
    • Saudi Arabia 
    • United Arab Emirates 
    • South Africa
    • Others


North America exhibits a clear dominance in the market, holding the largest market share.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market, with some of the key players being Aggreko Plc, Caterpillar, Inc., Atlas Copco Group, Cummins, Inc., United Rentals, Inc., HIMOINSA S.L., Horizon Acquisition (Horizon Power Systems), The Hertz Corporation, Generac Power Systems, Wacker Neuson SE, Wärtsilä Oyj Abp, Speedy Hire Plc, Smart Energy Solutions (SES), and SoEnergy International, Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Equipment Type, Fuel Type, Power Rating, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States , Canada, Germany, United Kingdom, France, Russia, Italy, China, Japan, South Korea, India, Australia, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Companies Covered Aggreko Plc, Caterpillar, Inc., Atlas Copco Group, Cummins, Inc., United Rentals, Inc., HIMOINSA S.L., Horizon Acquisition (Horizon Power Systems), The Hertz Corporation, Generac Power Systems, Wacker Neuson SE, Wärtsilä Oyj Abp, Speedy Hire Plc, Smart Energy Solutions (SES) and SoEnergy International, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1 Power Rental Systems Overview
    4.2 Industry Overview
    4.3 Market Dynamics
        4.3.1 Drivers
        4.3.2 Restraints 
5   Global Power Rental Market
    5.1   Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Fuel Type
    5.5    Market Breakup by Equipment Type
    5.6    Market Breakup by Power Rating
    5.7    Market Breakup by Application
    5.8    Market Breakup by End-Use Industry
    5.9    Market Breakup by Region
    5.10    Market Forecast
6   Market Breakup by Fuel Type
    6.1    Diesel
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Natural Gas
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Others
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Equipment Type
    7.1    Generator
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Transformer
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Load Bank
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Others
        7.4.1    Market Trends
        7.4.2    Market Forecast
8   Market Breakup by Power Rating
    8.1    Up to 50 kW
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    51 –500 kW
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    501 –2,500 kW
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Above 2,500 kW
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by Application
    9.1    Peak Shaving
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Standby Power
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Base Load/Continuous Power
        9.3.1    Market Trends
        9.3.2    Market Forecast
10  Market Breakup by End Use Industry
    10.1    Utilities
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Oil & Gas
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Events
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Construction
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Mining
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6   Data Centers 
        10.6.1    Market Trends
        10.6.2    Market Forecast
    10.7    Others
        10.7.1    Market Trends
        10.7.2    Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 Market Trends
        11.1.2 United States 
                  11.1.2.1   Market Trends
                  11.1.2.2   Market Forecast
          11.1.3 Canada 
                  11.1.3.1   Market Trends
                  11.1.3.2   Market Forecast
          11.1.4 Market Forecast
          11.1.5 Key Manufacturers in North America   
     11.2    Europe
        11.2.1 Market Trends
        11.2.2 Germany
                  11.2.2.1   Market Trends
                  11.2.2.2   Market Forecast
        11.2.3 United Kingdom
                  11.2.3.1   Market Trends
                  11.2.3.2   Market Forecast
        11.2.4 France
                  11.2.4.1   Market Trends
                  11.2.4.2   Market Forecast
        11.2.5 Russia
                  11.2.5.1   Market Trends
                  11.2.5.2   Market Forecast
        11.2.6 Italy 
                  11.2.6.1   Market Trends
                  11.2.6.2   Market Forecast
        11.2.7 Others
                  11.2.7.1   Market Trends
                  11.2.7.2   Market Forecast
        11.2.8   Market Forecast
        11.2.9 Key Manufacturers in Europe
    11.3    Asia Pacific
        11.3.1    Market Trends
        11.3.2    China
                  11.3.2.1   Market Trends
                  11.3.2.2   Market Forecast
        11.3.3    Japan
                  11.3.3.1   Market Trends
                  11.3.3.2   Market Forecast
        11.3.4    South Korea 
                  11.3.4.1   Market Trends
                  11.3.4.2   Market Forecast
        11.3.5    India 
                  11.3.5.1   Market Trends
                  11.3.5.2   Market Forecast
        11.3.6    Australia 
                  11.3.6.1   Market Trends
                  11.3.6.2   Market Forecast
        11.3.7    Others
                  11.3.7.1   Market Trends
                  11.3.7.2   Market Forecast
         11.3.8 Market Forecast
        11.3.9 Key Manufacturers in Asia Pacific
   11.4    Latin America
        11.4.1    Market Trends
        11.4.2    Brazil 
                  11.4.2.1   Market Trends
                  11.4.2.2   Market Forecast
        11.4.3    Mexico 
                  11.4.3.1   Market Trends
                  11.4.3.2   Market Forecast
        11.4.4    Others
                  11.4.4.1   Market Trends
                  11.4.4.2   Market Forecast
        11.4.5   Market Forecast
        11.4.6   Key Manufacturers in Latin America
    11.5   Middle East and Africa
        11.5.1    Market Trends
        11.5.2    Saudi Arabia 
                  11.5.2.1   Market Trends
                  11.5.2.2   Market Forecast
        11.5.3    United Arab Emirates  
                  11.5.3.1   Market Trends
                  11.5.3.2   Market Forecast
        11.5.4    South Africa
                  11.5.4.1   Market Trends
                  11.5.4.2   Market Forecast
        11.5.5    Others
                  11.5.5.1   Market Trends
                  11.5.5.2   Market Forecast
        11.5.6   Market Forecast
        11.5.7   Key Manufacturers in Middle East & Africa
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porter’s Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  PESTEL Analysis
    15.1    Political
    15.2    Economic
    15.3    Social
    15.4    Technological
    15.5    Environmental
    15.6    Legal
16  Competitive Landscape
    16.1    Market Structure
    16.2    Product Benchmarking 
    16.3    Key Players
    16.4    Merger & Acquisitions
    16.5    Profiles of Key Players
        16.5.1    Aggreko Plc
        16.5.2    Caterpillar, Inc.
        16.5.3    Atlas Copco Group
        16.5.4    Cummins, Inc.
        16.5.5    United Rentals, Inc.
        16.5.6    HIMOINSA S.L.
        16.5.7    Horizon Acquisition (Horizon Power Systems)
        16.5.8    The Hertz Corporation
        16.5.9    Generac Power Systems
        16.5.10   Wacker Neuson SE
        16.5.11   Wärtsilä Oyj Abp
        16.5.12   Speedy Hire Plc
        16.5.13   Smart Energy Solutions (SES)
        16.5.14   SoEnergy International, Inc.

List of Figures

Figure 1: Global: Power Rental Market: Major Drivers and Challenges
Figure 2: Global: Power Rental Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Power Rental Market: Breakup by Fuel Type (in %), 2020
Figure 4: Global: Power Rental Market: Breakup by Equipment Type (in %), 2020
Figure 5: Global: Power Rental Market: Breakup by Power Rating (in %), 2020
Figure 6: Global: Power Rental Market: Breakup by Application (in %), 2020
Figure 7: Global: Power Rental Market: Breakup by End Use Industry (in %), 2020
Figure 8: Global: Power Rental Market: Breakup by Region (in %), 2020
Figure 9: Global: Power Rental Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Power Rental (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Power Rental (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Power Rental (Natural Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Power Rental (Natural Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Power Rental (Other Fuel Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Power Rental (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Power Rental (Generator) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Power Rental (Generator) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Power Rental (Transformer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Power Rental (Transformer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Power Rental (Load Bank) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Power Rental (Load Bank) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Power Rental (Other Equipment Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Power Rental (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Power Rental (Up to 50 kW) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Power Rental (Up to 50 kW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Power Rental (51 –500 kW) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Power Rental (51 –500 kW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Power Rental (501 –2,500 kW) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Power Rental (501 –2,500 kW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Power Rental (Above 2,500 kW) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Power Rental (Above 2,500 kW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Power Rental (Peak Shaving) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Power Rental (Peak Shaving) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Power Rental (Standby Power) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Power Rental (Standby Power) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Power Rental (Base Load/Continuous Power) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Power Rental (Base Load/Continuous Power) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Power Rental (Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Power Rental (Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Power Rental (Oil & Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Power Rental (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Power Rental (Events) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Power Rental (Events) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Power Rental (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Power Rental (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Power Rental (Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Power Rental (Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Power Rental (Data Centers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Power Rental (Data Centers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Global: Power Rental (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Global: Power Rental (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: North America: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: United States: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: United States: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Canada: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Canada: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: North America: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Germany: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: France: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Italy: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Europe: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Asia Pacific: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: China: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: China: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Japan: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Japan: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: South Korea: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: South Korea: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: India: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: India: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Australia: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Australia: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Asia Pacific: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Latin America: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Brazil: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Brazil: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Mexico: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Mexico: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Others: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Others: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Latin America: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Middle East and Africa: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Saudi Arabia: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 96: Saudi Arabia: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 97: United Arab Emirates: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 98: United Arab Emirates: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 99: South Africa: Power Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 100: South Africa: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 101: Middle East and Africa: Power Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 101: Global: Power Rental Industry: SWOT Analysis
Figure 102: Global: Power Rental Industry: Value Chain Analysis
Figure 103: Global: Power Rental Industry: Porter’s Five Forces Analysis
Figure 104: Global: Power Rental Industry: PESTEL Analysis


List of Tables

Table 1: Global: Power Rental Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Power Rental Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
Table 3: Global: Power Rental Market Forecast: Breakup by Equipment Type (in Million US$),2021-2026
Table 4: Global: Power Rental Market Forecast: Breakup by Power Rating (in Million US$), 2021-2026
Table 5: Global: Power Rental Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Power Rental Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 7: Global: Power Rental Market Forecast: Breakup by Region (in Million US$),2021-2026
Table 8: North America: Key Manufacturers
Table 9: Europe: Key Manufacturers
Table 10: Asia Pacific: Key Manufacturers
Table 11: Latin America: Key Manufacturers
Table 12: Middle East and Africa: Key Manufacturers
Table 13: Global: Power Rental Market Structure
Table 14: Global: Power Rental Market: Key Players
Table 15: Global: Power Rental Market: Product Benchmarking
Table 16: Global: Power Rental Market: Merger & Acquisitions

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Key Question Answered in this Report

According to the estimates by IMARC Group, the global power rental market is expected to witness a CAGR of 6% from 2021 to 2026.

The growing demand for uninterrupted power supply along with increasing pressure on power grids to cater to the rising power consumption needs, is currently driving the market for power rentals across the globe.

The emergence of electric power generators that help in reducing carbon emissions from conventional diesel-based gensets, represents one of the key trends in the global power rental market.

The market experienced a negative impact on account of the sudden outbreak of the COVID-19 pandemic as the implementation of numerous lockdown regulations had led to the temporary halt of numerous construction activities, thereby limiting the demand for power rentals.

On the basis of the fuel type, the market has been classified into diesel, natural gas, and others. Amongst these, diesel accounts for the majority of market share.

On the basis of the power rating, the market has been categorized into up to 50 kW, 51 – 500 kW, 501 – 2,500 kW, and above 2,500 kW. At present, 501-2,500 kW leads the global market.

On the basis of the application, the market has been divided into peak shaving, standby power, and base load/continuous power. In this segment, base load/continuous power dominates the global market.

On the basis of the end use industry, the market has been segregated into utilities, oil & gas, events, construction, mining, and others. At present, the utility industry accounts for the largest market share.  

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America holds the largest market share.

The key companies in the global power rental market are Aggreko Plc, Caterpillar, Inc., Atlas Copco Group, Cummins, Inc., United Rentals, Inc., HIMOINSA S.L., Horizon Acquisition (Horizon Power Systems), The Hertz Corporation, Generac Power Systems, Wacker Neuson SE, Wärtsilä Oyj Abp, Speedy Hire Plc, Smart Energy Solutions (SES), and SoEnergy International, Inc.

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