Europe Power Rental Market to Reach US$ 6.9 Billion by 2032, Fueled by Growing Need for Reliable Power Supply in Industries

August 21, 2023 | Energy & Mining

According to the latest report by IMARC Group, titled “Europe Power Rental Market Report by Fuel Type (Diesel, Natural Gas, and Others), Equipment Type (Generator, Transformer, Load Bank, and Others), Power Rating (Up to 50 kW, 51 - 500 kW, 501 - 2,500 kW, Above 2,500 kW), Application (Peak Shaving, Standby Power, Base Load/Continuous Power), End Use Industry (Utilities, Oil & Gas, Events, Construction, Mining, Data Centers, and Others), and Country 2024-2032,” the Europe power rental market size reached US$ 4.5 Billion in 2023. Power rental, also known as temporary power or generator rental, refers to the practice of leasing or renting electrical power generation equipment on a short-term basis to meet temporary or emergency electricity needs. This service is provided by specialized power rental companies to various industries, businesses, events, construction sites, disaster-stricken areas, and other situations where a reliable and temporary power supply is required. Power rental solutions typically involve the rental of diesel generators, gas generators, transformers, load banks, distribution panels, and related accessories. These power systems come in various sizes and capacities, allowing clients to tailor the rental equipment to their specific power requirements. The rental duration also depends on the client's needs. This flexibility, convenience, and reliability make power rental a cost-effective and practical solution for bridging the gap in the power supply.

Europe Power Rental Market Trends:

The power rental market in Europe is experiencing significant growth, impelled by the increasing demand for a reliable and uninterrupted power supply in various industries. Besides this, the region's industrial sector heavily relies on a stable electricity source to maintain production, and any disruptions can result in substantial financial losses, creating a positive outlook for market expansion. Moreover, power rental services provide an essential backup during scheduled maintenance, unexpected outages, or periods of peak demand, ensuring continuous operations and reducing downtime. Furthermore, the bolstering growth of the construction industry, with construction projects often taking place in remote locations or areas with limited access to the power grid, is contributing to the surge in power rental demand. Concurrent with this, the increasing organization of concerts, festivals, sports events, and corporate gatherings that require substantial electricity to power lighting, sound systems, and other equipment is aiding in market expansion. Additionally, the surging adoption of renewable energy sources in the region and its commitment to reducing carbon emissions and moving towards a more sustainable energy landscape is influencing the market growth. Looking forward, the market value is projected to reach US$ 6.9 Billion by 2032, expanding at a CAGR of 4.7% during 2024-2032.

Market Summary:

On the basis of the fuel type, the market has been divided into diesel, natural gas, and others.
Based on the equipment type, the market is classified into generator, transformer, load bank, and others.
On the basis of the power rating, the market has been segregated into Up to 50 kW, 51 - 500 kW, 501 - 2,500 kW, and above 2,500 kW.
Based on the application, the market is categorized into peak shaving, standby power, and base load/continuous power.
On the basis of the end use industry, the market has been distinguished into utilities, oil & gas, events, construction, mining, data centers, and others.
Based on country, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Fuel Type, Equipment Type, Power Rating, Application, End Use Industry, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Europe Power Rental Market to Reach US$ 6.9 Billion by 2032, Fueled by Growing Need for Reliable Power Supply in Industries

Purchase options

Single User License ~~$3699~~ $2899
Five User License ~~$4699~~ $3899
Corporate User License ~~$5699~~ $4899

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.