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Pulished Date July, 2021
ID: 11818
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Power Rental Market by Fuel (Diesel, Natural Gas), Power Rating (Up to 50 kW, 51 –500 kW, 501 –2,500 kW, Above 2,500 kW), Equipment (Generator, Transformer, Load Bank and Others), End User (Utilities, Oil & Gas, Events, Construction, Mining), Application (Peak Shaving, Base Load, Standby), and Region - Global Forecasts to 2021-2026

Pulished: July, 2021
ID: 11818
Pages: 180

Power Rental Market Size and Growth:

The global power rental market size is projected to arrive at USD 11.7 billion by 2026 from an expected worth of USD 8.6 billion in 2021, at a CAGR of 6.3%. Components driving the development of the interest for ceaseless force supply in oil and gas and mining businesses, developing requirements for jolt, just as the constant power supply of country regions. Maturing power framework and the requirement for network adjustment.

Power rental alludes to the office of briefly leasing power plants or generators for providing energy to mechanical units. It conveys working force gear alongside different adaptable parts, which are introduced in power stations. It likewise offers unwavering quality, adaptability, speed and cost-viability to organizations for adapting to brief deficiencies of force. The power rental administrations are intended to balance out utility force frameworks and give extra energy to enterprises and backing networks. Inferable from this, it discovers broad application across the development, mining, and oil and gas businesses.

Power Rental Market Trends:

China, India, and South Korea have arisen as significant speculation centers of force plant organizations across the Asia Pacific area. Consistent concentration towards assembling, the travel industry, and the setting up of key workplaces by different MNCs has prompted a huge expansion in development and business areas in the Asia Pacific locale. Among these. China represents 28% of the world's power age and its power request is ceaselessly developing. Additionally, in March 2021, the Government of India permitted 100% Foreign Direct Investment (FDI) in the mining area and the investigation of metal and mineral metals under the programmed course, which will move development in the area This factor is probably going to drive the interest for power rental administrations and gear during the estimated time frame.

Recent Developments in the power rental market:

Exxon Mobil has plans to put USD 50 billion in growing its coordinated activities in the US through 2025. This incorporates penetrating more oil and gas wells in the Permian Basin and building pipelines to move its creation to the Gulf Coast, where it is growing its downstream impression. Aggregately, these components are relied upon to drive the market for power rental arrangements in the future. ExxonMobil is searching for reasonable, versatile arrangements that address the three fundamental spaces of energy use: transportation, power age and assembling. We are additionally conveying trend setting innovations here where relevant.

Power Rental Market Drivers:

Mining and oil and gas examination exercises typically occur in distant regions. Human life at such regions is under steady peril in light of the significantly inflammable nature of the eliminated things; therefore, authentic illumination and power are key fundamentals for such undertakings. Driven by extending hypotheses, the mining and oil and gas organizations in the US, Australia, and various African countries are likely going to notice a basic turn of events. New mining projects are required to be dispatched in China, Australia, and India in the coming years. The components referred to above are fundamental to drive the interest for power rental plans. According to the Australian Bureau of Statistics, more than USD 2.3 billion was spent on mining examinations by Australia in 2019, a practically 19% development from the previous year.

Power Rental Market Restraints:

North America, Europe, and Asia Pacific locales have defined a few exacting guidelines to restrict fossil fuel byproducts from power age activities. Such guidelines additionally indicate the reasonable diesel generator clamor levels to decrease commotion contamination brought about by diesel genset activities. Various nations have their own arrangement of guidelines and approaches. For example, the European Union has set an objective of decreasing fossil fuel byproduct and related contamination by 20% by 2030. A few force rental organizations give various contamination control measures like silencers, strong establishment, and elastic in shear mounts, coverings, and adaptable elbows to lessen the clamor level, which, thus, raises the general expense of generator sets. In like manner, to fulfill discharge guidelines across different nations, rental diesel generators are needed to run on more energy-productive fuel, generally alluded to as super low sulfur diesel (ULSD). ULSD is more costly than standard diesel fuel in view of the extra handling needed to eliminate or bring down the sulfur content. The primary test for organizations giving generators on lease organizations is to decrease emanation levels while keeping up execution for supporting their organizations in a cutthroat world.

Opportunities in the power rental market:

As power rental necessities become progressively intricate, complex control frameworks are needed to coordinate an assortment of gear to guarantee steady, proficient, and solid tasks. Digitalization likewise changes the manner in which energy is devoured and empowers more prominent command over its utilization. Also, digitalization empowers moment criticism, which helps prescient upkeep. It can help increment the effectiveness of impermanent force frameworks to satisfy client assumptions and needs. Organizations are hoping to put more in computerized advances determined to bring down expenses and offer more customized administrations to clients, in this manner setting out a freedom for power rental specialist co-ops.

Power rental hardware is being coordinated with various sensors so the client, too as the rental organization, can acquire definite information about the presentation of the machine and its wellbeing. Organizations like Aggreko, United Rentals, and a couple of others have effectively done it. Caterpillar, Cummins, and Atlas Copco likewise fabricate motors and related force rental hardware with extra sensors for a similar explanation. In addition, the usage of computerized reasoning (AI) to consequently recognize a deficiency or defective activities is additionally helping clients or rental organizations to work gear distantly. These elements offer an extra chance to the power rental market for its development.

Challenges in the power rental market:

Some industry providers including the restricted item differentiators and part producers across the market make it a cutthroat market. Providers likewise represent a generous danger of in reverse incorporation from the makers of force rental frameworks, with lacking item separation bringing about center around customization and advancement. Inferable from the startling beginning of full scale factors including the COVID-19 shock, the market has been fastidiously influenced by the current turns of events. Expanding natural fears are probably going to confine the development of the worldwide market over the projected timetable.

Power Rental Market Segmentation:

Breakup by Equipment Type:

  • Generator
  • Transformer
  • Load Bank
  • Others

Breakup by Fuel Type:

  • Diesel
  • Natural Gas
  • Others

Breakup by Power Rating:

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

Breakup by Application:

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

Breakup by End Use Industry:

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

Power Rental Market Regional Analysis:

The worldwide power rental market is topographically partitioned by North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Among these areas, The Middle East and Africa had represented an eminent worldwide power rental portion of the overall industry in the year 2018. Fortune Business Insights predicts that it will stay one of the quickest creating areas during the figure time frame. This development is credited to the extension of the oil and gas industry just as the expanding number of development exercises happening in the district. Besides, an ascent in the mining exercises in Africa, expanding interest for mining and rental power from off-matrix gas and oil wells, and inaccessibility of framework structure are required to add to the power rental market development around here during the approaching years.

Impact of COVID-19 on power rental market:

The spread of COVID-19 across the world in the initial portion of 2020 constrained numerous nations into complete lockdown. Since governments and neighborhood specialists gave severe rules, all trivial activities were stopped. This unfavorably influenced the power rental market infeasibility from the suspension of exercises of end-clients. What's more, creation and inventory network delays are required to represent a momentary test to the power rental market, since end-client ventures are as yet not working at their full limit. In any case, numerous organizations have transformed this emergency into a chance to offer administrations to the general public. For example, Cummins changed over its air channel fabricating office into a respirator (filtration material for face veils) producing unit.

Power Rental Market Key Players:

  1. Caterpillar Inc. (United States)

  2. Cummins Inc. (United States)

  3. Aggreko (United Kingdom)

  4. Atlas Copco (Sweden)

  5. Kohler-SDMO (France)

  6. Shenton Group (United Kingdom)

  7. NIDS GROUP (India)

  8. Jassim Transport & Stevedoring Co. K.S.C.C. (Kuwait)

  9. Pump Power Rental (United Kingdom)

  10. United Rentals (United States)

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Power Rental Market, By Fuel                            

                                6.1.1 Diesel        

                                6.1.2 Natural Gas            

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Power Rental Market, By Power Rating                          

                                6.2.1 Up to 50 kW           

                                6.2.2 51 –500 kW            

                                6.2.3 501 –2,500 kW      

                                6.2.4 Above 2,500 kW   

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis              

                                6.2.7 Market Attractiveness Index           

                6.3 Power Rental Market, By Equipment               

                                6.3.1 Generator

                                6.3.2 Transformer           

                                6.3.3 Load Bank

                                6.3.4 Others      

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

                6.4 Power Rental Market, By End User                   

                                6.4.1 Utilities     

                                6.4.2 Oil & Gas 

                                6.4.3 Events      

                                6.4.4 Construction          

                                6.4.5 Mining      

                                6.4.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.7 Y-o-Y Growth Rate Analysis              

                                6.4.8 Market Attractiveness Index           

                6.5 Power Rental Market, By Application                              

                                6.5.1 Peak Shaving          

                                6.5.2 Base Load

                                6.5.3 Standby   

                                6.5.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.5.5 Y-o-Y Growth Rate Analysis              

                                6.5.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Fuel     

                                7.2.3 By Power Rating   

                                7.2.4 By Equipment        

                                7.2.5 By End User            

                                7.2.6 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Fuel     

                                7.3.3 By Power Rating   

                                7.3.4 By Equipment        

                                7.3.5 By End User            

                                7.3.6 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Fuel     

                                7.4.3 By Power Rating   

                                7.4.4 By Equipment        

                                7.4.5 By End User            

                                7.4.6 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Fuel     

                                7.5.3 By Power Rating   

                                7.5.4 By Equipment        

                                7.5.5 By End User            

                                7.5.6 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Fuel     

                                7.6.3 By Power Rating   

                                7.6.4 By Equipment        

                                7.6.5 By End User            

                                7.6.6 By Application       

8. Key Player Analysis                                    

                8.1 Caterpillar Inc. (United States)                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Cummins Inc. (United States)                             

                8.3 Aggreko (United Kingdom)                  

                8.4 Atlas Copco (Sweden)                           

                8.5 Kohler-SDMO (France)                          

                8.6 Shenton Group (United Kingdom)                    

                8.7 NIDS GROUP (India)                

                8.8 Jassim Transport & Stevedoring Co. K.S.C.C. (Kuwait)               

                8.9 Pump Power Rental (United Kingdom)                           

                8.10 United Rentals (United States)                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Power Rental Market By Region, From 2021-2026 ( USD Billion )
  2. Global Power Rental Market By Fuel, From 2021-2026 ( USD Billion )
  3. Global Diesel Market By Region, From 2021-2026 ( USD Billion )
  4. Global Natural Gas Market By Region, From 2021-2026 ( USD Billion )
  5. Global Power Rental Market By Power Rating, From 2021-2026 ( USD Billion )
  6. Global Up to 50 kW Market By Region, From 2021-2026 ( USD Billion )
  7. Global 51 –500 kW Market By Region, From 2021-2026 ( USD Billion )
  8. Global 501 –2,500 kW Market By Region, From 2021-2026 ( USD Billion )
  9. Global Above 2,500 kW Market By Region, From 2021-2026 ( USD Billion )
  10. Global Power Rental Market By Equipment, From 2021-2026 ( USD Billion )
  11. Global Generator Market By Region, From 2021-2026 ( USD Billion )
  12. Global Transformer Market By Region, From 2021-2026 ( USD Billion )
  13. Global Load Bank Market By Region, From 2021-2026 ( USD Billion )
  14. Global Others Market By Region, From 2021-2026 ( USD Billion )
  15. Global Power Rental Market By End User, From 2021-2026 ( USD Billion )
  16. Global Utilities Market By Region, From 2021-2026 ( USD Billion )
  17. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  18. Global Events Market By Region, From 2021-2026 ( USD Billion )
  19. Global Construction Market By Region, From 2021-2026 ( USD Billion )
  20. Global Mining Market By Region, From 2021-2026 ( USD Billion )
  21. Global Power Rental Market By Application, From 2021-2026 ( USD Billion )
  22. Global Peak Shaving Market By Region, From 2021-2026 ( USD Billion )
  23. Global Base Load Market By Region, From 2021-2026 ( USD Billion )
  24. Global Standby Market By Region, From 2021-2026 ( USD Billion )

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