Power Rental Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Power rental is the form of mobile power solution that provides flexible, reliable and cost-effective power for any short or long-term need across the globe. The market for power rental has witnessed significant growth due to rising demand from various applications such as peak shaving, standby power and base load. The major factors driving the growth of market include increase in demand of power, lack of power infrastructure and revamping of old transmission and distribution infrastructure across end-use industries, globally.

Market Dynamics

The demand for reliable economic power and continuous power supply has led to the growth of power rentals market across the globe. Increased use of power rental in oil & gas and construction sector is expected to change the dynamics of the market in near future. However, growing opportunities across European region as well as increased focus on the use of gas generators are major opportunity areas for the market. The major challenges currently restraining the market growth include payment issues in underdeveloped and developing nations and fluctuation in raw material prices.

Market Classification and Overview

The power rental market is bifurcated on the basis of fuel type, application, power rating, end-use industry, and geography. The different types of fuel of power rental include diesel, gas generator, dual fuel & heavy fuel oil (HFO). Diesel generator is the largest and most mature market as it caters to almost every type of application. Gas generator is the fastest growing market segments as it runs mainly on natural gas and is more efficient and cleaner compared to diesel generators, thus reduces greenhouse gas emissions. Based on power rating, the market is segmented into up to 50 kW, 51 kW-500 kW, 501 kW-2,500 kW and above 2,500 kW power rating generators. Based on application, the market is segmented into peak shaving, base load, and standby among others. Based on end use industry, the market is further segmented into utilities, oil & gas, events, construction, mining, manufacturing, shipping and others. Oil & gas is the fastest growing market owing to the rising use of power generators for temporary power requirements in onshore and offshore oil & gas fields and during planned and unplanned maintenance shutdowns.

Regional Overview

The market for power rental is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America was the major contributors to the growth of power rentals market in 2015. Europe was the second biggest market followed by Asia-Pacific. The power rentals market in Europe is estimated to grow at a fast rate due to increasing power consumption and aging power plants in the region. The North America market for power rental is likely to grow at a significant rate owing to the rise in demand of rental generators due to an increase in infrastructure development and growing end-user awareness towards rental benefits.

Report Coverage

Market	Power Rental Market
Analysis Period	2015 – 2026
Historic Data	2015 – 2016
Base Year	2017
Forecast Data	2018 – 2026
Market Stratification	Fuel Type, Application, End-Use Industry, Power Rating, Geography
Regional Scope	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage	Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Caterpillar, Inc., Aggreko PLC, Cummins, Inc., United Rentals, Inc., APR Energy PLC, Atlas Copco, Energyst, and Himoinsa are few key players operating in power rental market.

Market Segmentation

Market By Fuel Type

·         Diesel

·         Gas Generator

·         Others

Market By Application

·         Peak Shaving

·         Base Load/ Continuous Power

·         Standby

·         Others

Market By End-Use Industry

·         Utilities

·         Oil & Gas

·         Events

·         Construction

·         Manufacturing

·         Shipping

·         Others

Market By Power Rating

·         Up to 50 kW Power rating

·         51 kW-500 kW Power rating

·         501 kW-2,500 kW Power rating

·         Above 2,500 kW Power rating

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA