Power Rental Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Caterpillar Inc. (NYSE:CAT), Atlas Copco AB (Stockholm :ATCO-A.ST), Speedy Hire Plc (LSE :SDY.L),

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Power Rental Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.6% during the review period (2022 to 2027).

Power Rental Market Overview:

The power rental market is defined as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such coal, oil, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire providing flexibility, reliability, speed, and cost-effectiveness. Moreover, power on rent delivers complete operating power packages and delivers scalable components within large power station installations to various industrial applications.

Power rental is defined as renting generator sets for power generation that runs on gas, diesel, or any other fuel. It delivers functioning power equipment along with various scalable components, which are installed in power stations. In addition, it 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. Thus, it finds extensive application across the construction, mining, and oil & gas industries.

The power rental market is defined as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such coal, oil, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire providing flexibility, reliability, speed, and cost-effectiveness. Moreover, power on rent delivers complete operating power packages and delivers scalable components within large power station installations to various industrial applications.

Recent Development:

10 MW renewable energy solution fueled by biogas from Latin America’s largest landfill site to be delivered by Aggreko

Aggreko has signed a seven-year contract with Brazilian energy company EVA Energia for a 10 MW renewable power solution using landfill gas. The world’s leading provider of mobile and modular power solutions will deliver a complete system, producing power from biogas derived from two locations: Seropédica (Rio de Janeiro State), the largest landfill site in Latin America, and Mauá (São Paulo State).



Aggreko will provide a flexible, fast and cost-efficient way of delivering cleaner energy for approximately 40,000 households in the region, achieving a carbon saving of more than 100,000 tons over contract’s life. The innovative solution uses landfill gas that would otherwise be released into the atmosphere. The total amount of methane emissions avoided totals 24,440,400 Nm3 annually.

What are the major Applications, Types, and Regions of the Power Rental Market?

By Type, it is segmented into

• Diesel Generators


• Gas Generators


• Others

By Applications, it is segmented into

• Government & Utilities


• Oil & Gas


• Events


• Construction


• Industrial


• Others

Power Rental Market Regional Analysis

China, India, and South Korea have emerged as major investment hubs of power plant companies across the Asia Pacific region. Continuous focus towards manufacturing, tourism, and the setting up of key offices by various MNCs has led to a significant increase in construction and commercial sectors in the Asia Pacific region. Among these, China accounts for 28% of the world’s electricity generation and its electricity demand is continuously growing. Also, in March 2021, the Government of India allowed 100% Foreign Direct Investment (FDI) in the mining sector and the exploration of metal and non-metal ores under the automatic route, which will propel growth in the sector. This factor is likely to drive the demand for power rental services and equipment during the forecast period.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Power Rental Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Power Rental Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Power Rental Market Report Scope?

Scope of the Report covers the Power Rental Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants' environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Power Rental Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Power Rental Report

• Evaluate Power Rental market potential by analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Power Rental market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Power Rental Market is studied from 2017 - 2027.

Who are the key players in Power Rental Market?

Aggreko, Caterpillar Inc. (NYSE:CAT), Power Electrics, Generator Power, Atlas Copco AB (Stockholm :ATCO-A.ST), Speedy Hire Plc (LSE :SDY.L), HSS, Ashtead Group, Cummins and Others.

What are the significant types of Power Rental Market?

Diesel Generators, Gas Generators, Others.

What are the major end-use applications of Power Rental Market?

Government & Utilities, Oil & Gas, Events, Construction, Industrial, Others.

What segments are covered in the Power Rental Market report?

The Global Power Rental Market is segmented on the basis of Product, Application, and Geography.

How can I get a sample report/company profile for the Power Rental Market?

The sample report for the Power Rental Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report