Power Rental Market Size is valued at USD 10.9 Bn in 2024 and is predicted to reach USD 18.9 Bn by the year 2034 at a 5.8% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
The temporary provision of power-producing equipment and services to meet immediate or temporary power needs is referred to as power renting. Renting generators, transformers, distribution panels, and related accessories from power rental firms or service providers are required. Increasing faults in transmission and distribution lines, equipment failure in power generation, unexpected grid problems, natural calamities, and a variety of other reasons are constantly disrupting power supply around the world. Various governmental and commercial agencies are quickly implementing measures to shorten the duration of power outages to allow consumers to continue with their operations.
However, the COVID-19 epidemic caused delays in building projects, industrial operations, and other industries that rely on temporary power solutions. Lockdown measures, social distance requirements, and workforce constraints resulted in project delays or temporary shutdowns, leading to lower demand for power leasing services.
The Power Rental Market is segmented on the basis of Fuel Type, Application, Equipment, Rental Type, Power Rating And End-Users. The market segmentation is as diesel, natural gas, and others based on fuel type. The application segment includes standby power, peak shaving, and base load/continuous power. By equipment, the market is segmented into generators, transforms, load banks, and others. The power Rating segment consists of Up to 50 kW, 51 kW – 500 kW, 501 kW – 2500 kW, Above 2500 kW. The end-users segment includes utilities, metal & mining, oil & gas, construction, manufacturing, IT and data centres, corporate & retail, events, etc.
The natural gas segment is expected to hold a major share of the global Power Rental Market in 2022. Natural gas powers emergency and portable generators and is regarded as an efficient nonrenewable energy source. Furthermore, gas generators are less expensive and more environmentally beneficial than diesel generators since gas minimizes hazardous air pollutants and carbon emissions when compared to diesel. Natural gas generators run on LPG, compressed gas, propane, and other fuels and come in a variety of sizes ranging from portable to industrial. These generators are less expensive and more environmentally friendly than diesel generators with less than 150 KVA capacities.
The Rental Type segment is projected to grow at a rapid rate in the global Power Rental Market. Due to the demand for power increasing over the world, the generation must increase to compensate. This demand is especially high during the day in the summer and at night in the winter. Peak demand is the instantaneous increase in the level of needed power, and it is a prevalent problem where utilities fall short of this requirement, particularly in growing nations. During peak operational hours, peak demand charges are levied. Peak shaving generators assist businesses with high electricity use lower their utility expenses during peak hours. These fees vary according to geography as well as season, with off-peak rates being the most common.
The North American, Power Rental Market, is likely to register the maximum market share in terms of revenue in the near future as a result of factors such as increased investment in the oil and gas, building, and mining industries. The North American region's fastest-growing markets are the United States and Canada. North America has a population of about 530 million people and an economy that accounts for more than 25% of global GDP. It is one of the world's most industrialized regions. Furthermore, growing investments in mining and related exploratory activities in the region are pushing the need for power leasing equipment over the projection period.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 10.9 Bn |
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Revenue Forecast In 2034 |
USD 18.9 Bn |
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Growth Rate CAGR |
CAGR of 5.8% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Fuel Type, By Application, By Equipment, By Rental Type, By Power Rating, By End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Aggreko (UK), Caterpillar (US), Herc Rental (US), Ashtead Group (UK), Atlas Copco (Sweden), Cummins (US), Multiquip (US), Bredenoord (UK), Kohler (US), SoEnergy (US), Allmand Brothers (US), Wacker Neuson (Germany), Generac Power (US). |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Power Rental Market Snapshot
Chapter 4. Global Power Rental Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry
Chapter 5. Market Segmentation 1: By Fuel type Estimates & Trend Analysis
5.1. By Fuel type & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Fuel type:
5.2.1. Diesel
5.2.2. Natural gas
5.2.3. Others
Chapter 6. Market Segmentation 2: By Power rating Estimates & Trend Analysis
6.1. By Fuel type & Market Share, 2024-2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Power rating:
6.2.1. Up to 50 kW
6.2.2. 51 kW – 500 kW
6.2.3. 501 kW – 2500 kW
6.2.4. Above 2500 kW
Chapter 7. Market Segmentation 3:By End-user Estimates & Trend Analysis
7.1. By Fuel type & Market Share, 2024-2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-user:
7.2.1. Utilities
7.2.2. Oil & gas
7.2.3. Construction
7.2.4. Manufacturing
7.2.5. Metal & Mining
7.2.6. IT and Data centers
7.2.7. Corporate & Retail
7.2.8. Events
7.2.9. Others
Chapter 8. Market Segmentation 4: By Rental type Estimates & Trend Analysis
8.1. By Fuel type & Market Share, 2024-2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Rental type:
8.2.1. Retail Rental
8.2.2. Project Rental
Chapter 9. Market Segmentation 5: By Equipment Estimates & Trend Analysis
9.1. By Fuel type & Market Share, 2024-2034
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Equipment:
9.2.1. Generators
9.2.2. Transformers
9.2.3. Load Banks
9.2.4. Others
Chapter 10. Market Segmentation 6: By Application Estimates & Trend Analysis
10.1. By Fuel type & Market Share, 2024-2034
10.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
10.2.1. Standby Power
10.2.2. Peak Shaving
10.2.3. Base Load/ Continuous Power
Chapter 11. Power Rental Market Segmentation 7: Regional Estimates & Trend Analysis
11.1. North America
11.1.1. North America Power Rental Market revenue (US$ Million) estimates and forecasts By Fuel type, 2021-2034
11.1.2. North America Power Rental Market revenue (US$ Million) estimates and forecasts By Power rating, 2021-2034
11.1.3. North America Power Rental Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
11.1.4. North America Power Rental Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
11.1.5. North America Power Rental Market revenue (US$ Million) estimates and forecasts By, Rental type 2021-2034
11.1.6. North America Power Rental Market revenue (US$ Million) estimates and forecasts By, Equipment 2021-2034
11.1.7. North America Power Rental Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
11.1.7.1. U.S.
11.1.7.2. Canada
11.2. Europe
11.2.1. Europe Power Rental Market revenue (US$ Million) by By Fuel type, 2021-2034
11.2.2. Europe Power Rental Market revenue (US$ Million) estimates and forecasts By Power rating, 2021-2034
11.2.3. Europe Power Rental Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
11.2.4. Europe Power Rental Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
11.2.5. Europe Power Rental Market revenue (US$ Million) estimates and forecasts By Rental type,2021-2034
11.2.6. Europe Power Rental Market revenue (US$ Million) estimates and forecasts By Equipment,2021-2034
11.2.7. Europe Power Rental Market revenue (US$ Million) by country, 2021-2034
11.2.7.1. Germany
11.2.7.2. Poland
11.2.7.3. France
11.2.7.4. Italy
11.2.7.5. Spain
11.2.7.6. UK
11.2.7.7. Rest of Europe
11.3. Asia Pacific
11.3.1. Asia Pacific Power Rental Market revenue (US$ Million) by By Fuel type, 2021-2034
11.3.2. Asia Pacific Power Rental Market revenue (US$ Million) estimates and forecasts By Power rating, 2021-2034
11.3.3. Asia Pacific Power Rental Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
11.3.4. Asia Pacific Power Rental Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
11.3.5. Asia Pacific Power Rental Market revenue (US$ Million) estimates and forecasts By Rental type, 2021-2034
11.3.6. Asia Pacific Power Rental Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
11.3.7. Asia Pacific Power Rental Market revenue (US$ Million) by country, 2021-2034
11.3.7.1. China
11.3.7.2. India
11.3.7.3. Japan
11.3.7.4. Australia
11.3.7.5. Rest of Asia Pacific
11.4. Latin America
11.4.1. Latin America Power Rental Market revenue (US$ Million) by By Fuel type, 2021-2034
11.4.2. Latin America Power Rental Market revenue (US$ Million) estimates and forecasts By Power rating, 2021-2034
11.4.3. Latin America Power Rental Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
11.4.4. Latin America Power Rental Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
11.4.5. Latin America Power Rental Market revenue (US$ Million) estimates and forecasts By Rental type, 2021-2034
11.4.6. Latin America Power Rental Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
11.4.7. Latin America Power Rental Market revenue (US$ Million) by country, (US$ Million) 2021-2034
11.4.7.1. Brazil
11.4.7.2. Rest of Latin America
11.5. Middle East & Africa
11.5.1. Middle East & Africa Power Rental Market revenue (US$ Million) by By Fuel type, (US$ Million)
11.5.2. Middle East & Africa Power Rental Market revenue (US$ Million) estimates and forecasts By Power rating, 2021-2034
11.5.3. Middle East & Africa Power Rental Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
11.5.4. Middle East & Africa Power Rental Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
11.5.5. Middle East & Africa Power Rental Market revenue (US$ Million) estimates and forecasts By Rental type, 2021-2034
11.5.6. Middle East & Africa Power Rental Market revenue (US$ Million) estimates and forecasts By Equipment, 2021-2034
11.5.7. Middle East & Africa Power Rental Market revenue (US$ Million) by country, (US$ Million) 2021-2034
11.5.7.1. South Africa
11.5.7.2. GCC Countries
11.5.7.3. Rest of MEA
Chapter 12. Competitive Landscape
12.1. Major Mergers and Acquisitions/Strategic Alliances
12.2. Company Profiles
12.2.1. Aggreko Plc
12.2.2. Ashtead Group Plc
12.2.3. United Rentals Inc
12.2.4. Atlas Copco
12.2.5. Caterpillar Inc.
12.2.6. Cummins Inc
12.2.7. Generac Holdings Inc.
12.2.8. Wacker Neuson
12.2.9. Kohler Co
12.2.10. Bredenoord
Power Rental Market By Fuel Type-
Power Rental Market By Application-
Power Rental Market By Equipment-
Power Rental Market By Rental Type-
Power Rental Market By Power Rating -
Power Rental Market By End-Users-
Power Rental Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
