Product Code: PM4849
The global power rental market size is expected to reach USD 17.49 billion by 2032, according to a new study by Polaris Market Research. The report "Power Rental Market Share, Size, Trends, Industry Analysis Report, By Equipment (Transformers, Generators, Load Banks, Others); By Fuel Type; By Application; By End User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Renewable energy integration is a key driver of the power rental market. With a global shift towards sustainability, there's a rising demand for incorporating renewable sources like solar, wind, and hydroelectric power. However, the intermittent nature of renewable energy generation presents challenges to maintaining a stable power supply. Power rental solutions address these challenges by providing backup power during low renewable energy production or system failures. Additionally, hybrid solutions combining renewables with diesel generators ensure uninterrupted power while minimizing environmental impact. As governments and businesses invest more in renewable projects, the demand for power rental services to support renewable energy integration is expected to escalate, fueling the market growth.
Natural disasters often cause widespread power outages, disrupting essential services. Power rental solutions restore electricity, enabling vital operations like healthcare and communication. These temporary systems also aid disaster recovery efforts, providing adaptable power support to relief operations and temporary shelters. With climate change increasing the frequency and severity of extreme weather events, the demand for reliable power rental solutions grows. As communities and organizations prioritize disaster preparedness, the power rental market continues to expand, offering indispensable support during crises.
Concerts, festivals, sports events, and corporate gatherings demand reliable power for lighting, sound systems, and AV equipment. Power rental solutions meet these needs by offering temporary electricity supply, ensuring seamless operations, and enhancing attendee experiences. The rising popularity of large-scale events and outdoor festivals further increases the demand for power rental services. As the events industry grows globally, particularly in emerging markets, the necessity for flexible and scalable power solutions becomes crucial. Power rental companies provide a range of generators and equipment tailored to event requirements, fueling the growth of the power rental market alongside the events and entertainment industry.
With the increasing use of mobile devices, internet connectivity, and cloud computing services, there's a rising demand for reliable power supply. Power rental solutions offer flexibility and scalability to meet the dynamic needs of these facilities during expansions, maintenance, or unforeseen outages. Telecom companies rely on these services for uninterrupted communication networks, while data centers require stable power sources to maintain critical operations and mitigate downtime risks. As the demand for telecom and data center services continues to surge globally, the power rental market is set for substantial growth, playing a pivotal role in supporting digital infrastructure.
Power Rental Market Report Highlights
In 2023, the generators segment held a significant revenue share owing to versatility, rapid deployment, and cost-effectiveness.
In 2023, the diesel segment held a major market revenue share owing to high power output, reliability, and longevity.
In 2023, the continuous power segment held a significant revenue share owing to wide use in critical applications such as healthcare facilities, data centers, and telecommunications networks.
In 2023, the utilities segment held a significant revenue share owing to grid stability maintenance, emergency backup, and remote area electrification.
In 2023, the North American region accounted for a significant market share due to increased construction activities, stringent regulations, and a growing events industry.
The market is highly competitive owing to the presence of global players, including Aggreko, Aksa Power Generation, Atlas Copco AB, Bredenoord, Caterpillar Inc., Cummins Inc., Herc Rentals, Kohler, Modern Energy Rental, Perennial Technologies, and United Rentals, Inc.
Polaris Market Research has segmented the Power Rental market report based on equipment, fuel type, application, end-user, and region:
Power Rental, Equipment Outlook (Revenue - USD Billion, 2019 - 2032)
- Transformers
- Generators
- Load Banks
- Others
Power Rental, Fuel Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Natural Gas
- Diesel
- Others
Power Rental, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Continuous Power
- Peak Shaving
- Standby Power
Power Rental, End User Outlook (Revenue - USD Billion, 2019 - 2032)
- Oil & Gas
- Manufacturing
- Utilities
- Construction
- Mining
- Others
Power Rental, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Netherlands
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Malaysia
- Indonesia
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Power Rental Market Insights
- 4.1. Power Rental - Industry Snapshot
- 4.2. Power Rental Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for reliable power supply is projected to spur the product demand
- 4.2.1.2. Rapid urbanization and industrialization are expected to drive power rental market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The high initial investment
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Power Rental Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Power Rental Market, by Equipment
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 5.3. Transformers
- 5.3.1. Global Power Rental Market, by Transformers, by Region, 2019-2032 (USD Billion)
- 5.4. Generators
- 5.4.1. Global Power Rental Market, by Generators, by Region, 2019-2032 (USD Billion)
- 5.5. Load Banks
- 5.5.1. Global Power Rental Market, by Load Banks, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Power Rental Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Power Rental Market, by Fuel Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 6.3. Natural Gas
- 6.3.1. Global Power Rental Market, by Natural Gas, by Region, 2019-2032 (USD Billion)
- 6.4. Diesel
- 6.4.1. Global Power Rental Market, by Diesel, by Region, 2019-2032 (USD Billion)
- 6.5. Others
- 6.5.1. Global Power Rental Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Power Rental Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Power Rental Market, by End User, 2019-2032 (USD Billion)
- 7.3. Oil & Gas
- 7.3.1. Global Power Rental Market, by Oil & Gas, by Region, 2019-2032 (USD Billion)
- 7.4. Manufacturing
- 7.4.1. Global Power Rental Market, by Manufacturing, by Region, 2019-2032 (USD Billion)
- 7.5. Utilities
- 7.5.1. Global Power Rental Market, by Utilities, by Region, 2019-2032 (USD Billion)
- 7.6. Construction
- 7.6.1. Global Power Rental Market, by Construction, by Region, 2019-2032 (USD Billion)
- 7.7. Mining
- 7.7.1. Global Power Rental Market, by Mining, by Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Power Rental Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Power Rental Market, by Application
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Power Rental Market, by Application, 2019-2032 (USD Billion)
- 8.3. Continuous Power
- 8.3.1. Global Power Rental Market, by Continuous Power, by Region, 2019-2032 (USD Billion)
- 8.4. Peak Shaving
- 8.4.1. Global Power Rental Market, by Peak Shaving, by Region, 2019-2032 (USD Billion)
- 8.5. Standby Power
- 8.5.1. Global Power Rental Market, by Standby Power, by Region, 2019-2032 (USD Billion)
9. Global Power Rental Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Power Rental Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Power Rental Market - North America
- 9.3.1. North America: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.3.2. North America: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.3.3. North America: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.3.4. North America: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.3.5. Power Rental Market - U.S.
- 9.3.5.1. U.S.: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.3.6. Power Rental Market - Canada
- 9.3.6.1. Canada: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4. Power Rental Market - Europe
- 9.4.1. Europe: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.2. Europe: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.3. Europe: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.4. Europe: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.5. Power Rental Market - UK
- 9.4.5.1. UK: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.6. Power Rental Market - France
- 9.4.6.1. France: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.6.2. France: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.3. France: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.6.4. France: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.7. Power Rental Market - Germany
- 9.4.7.1. Germany: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.8. Power Rental Market - Italy
- 9.4.8.1. Italy: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.9. Power Rental Market - Spain
- 9.4.9.1. Spain: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.10. Power Rental Market - Netherlands
- 9.4.10.1. Netherlands: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.4.11. Power Rental Market - Russia
- 9.4.11.1. Russia: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5. Power Rental Market - Asia Pacific
- 9.5.1. Asia Pacific: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.5. Power Rental Market - China
- 9.5.5.1. China: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.3. China: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.5.4. China: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.6. Power Rental Market - India
- 9.5.6.1. India: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.3. India: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.6.4. India: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.7. Power Rental Market - Japan
- 9.5.7.1. Japan: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.8. Power Rental Market - Malaysia
- 9.5.8.1. Malaysia: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.9. Power Rental Market - Indonesia
- 9.5.9.1. Indonesia: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.5.10. Power Rental Market - South Korea
- 9.5.10.1. South Korea: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.6. Power Rental Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.6.5. Power Rental Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.6.6. Power Rental Market - South Africa
- 9.6.6.1. South Africa: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.6.7. Power Rental Market - Israel
- 9.6.7.1. Israel: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.6.8. Power Rental Market - UAE
- 9.6.8.1. UAE: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.7. Power Rental Market - Latin America
- 9.7.1. Latin America: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.7.5. Power Rental Market - Mexico
- 9.7.5.1. Mexico: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.7.6. Power Rental Market - Brazil
- 9.7.6.1. Brazil: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Power Rental Market, by End User, 2019-2032 (USD Billion)
- 9.7.7. Power Rental Market - Argentina
- 9.7.7.1. Argentina: Power Rental Market, by Equipment, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Power Rental Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Power Rental Market, by Fuel Type, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Power Rental Market, by End User, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Aggreko
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Aksa Power Generation
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Atlas Copco AB
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Bredenoord
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Caterpillar Inc.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Cummins Inc.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Herc Rentals
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Kohler
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Modern Energy Rental
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Perennial Technologies
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. United Rentals, Inc
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development