Report overview
Power rental, also known as power on hire comes with numerous advantages over the other counterparts. Power rental refers to the facility of temporarily renting power plants or generators for supplying energy to industrial units. It delivers functioning power equipment along with various scalable components, which are installed in power stations. It also 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. Owing to this, it finds extensive application across the construction, mining, and oil & gas industries.
This report aims to provide a comprehensive presentation of the global market for Power Rental Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Rental Systems. This report contains market size and forecasts of Power Rental Systems in global, including the following market information:
Global Power Rental Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Power Rental Systems market was valued at US$ 18760 million in 2022 and is projected to reach US$ 27030 million by 2029, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The top three brand owners are United Rentals, Ashtead Group, Aggreko. Each of sales respectively with global revenue market share about 4%, 2%, 1%. Other key manufacturers include Herc Rentals, Caterpillar, Cummins, Atlas Copco, Kohler Co., Himoinsa, Bredenoord.
Asia Pacific is the largest consumption region and holds the share about 35%. Besides, Europe and North America have good market prospect and they account for over 50% of the total share.
Power Rental Systems can be used in Government and Utilities, Oil, Gas and Mining, Construction, etc. And according to type, Continuous Power dominates this market and occupies over 45 percent of the global total.
We surveyed the Power Rental Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Rental Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Power Rental Systems Market Segment Percentages, by Type, 2022 (%)
Peak Shaving
Continuous Power
Standby Power
Global Power Rental Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Power Rental Systems Market Segment Percentages, by Application, 2022 (%)
Government and Utilities
Oil, Gas and Mining
Construction
Industrial
Events
Others
Global Power Rental Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Power Rental Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Power Rental Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Power Rental Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
United Rentals
Ashtead Group
Aggreko
Herc Rentals
Caterpillar
Cummins
Atlas Copco
Kohler Co.
Himoinsa
Bredenoord
Outline of Major Chapters:
Chapter 1: Introduces the definition of Power Rental Systems, market overview.
Chapter 2: Global Power Rental Systems market size in revenue.
Chapter 3: Detailed analysis of Power Rental Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Power Rental Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
