Power Rental Market Size, Share, Trends and Global Industry Statistics 2023-2028

How Big is the Power Rental Market?

The global power rental market size reached US$ 19.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.74% during 2023-2028.

Industry Overview of the Power Rental Market:

Power rental refers to the practice of leasing or renting electrical power generation equipment for temporary or emergency use. This equipment typically includes generators, transformers, and related infrastructure. Power rentals have several application areas such as hospitals, data centers, construction sites, events, industries, and mining and oil operations. This equipment avoids the high capital costs of purchasing and maintaining power equipment. It can easily scale power capacity up or down based on specific needs. This equipment can also ensure uninterrupted power supply in critical situations and offers eco-friendly options like low-emission generators. The properties of this equipment include scalability, fuel options, remote monitoring, noise control, and maintenance.

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Power Rental Market Trends:

Increasing global energy consumption is driving the need for additional power sources, including rental power solutions. In addition to this, aging power grids and infrastructure require backup power to maintain reliability thus proliferating the market growth. Besides this, urban expansion often outpaces the development of permanent power infrastructure, necessitating temporary power solutions thus bolstering market growth. In line with this, ongoing construction projects, especially in developing regions, rely on rental power for on-site electricity needs thereby fueling market growth.

Furthermore, expanding industries and manufacturing facilities require supplemental power during peak production periods thereby contributing to the market growth. Moreover, power rental is crucial for disaster recovery, as it provides emergency electricity when conventional grids are disrupted thus fostering market growth. Power is needed in remote areas where permanent infrastructure is impractical or unavailable thus fostering the market growth. Additionally, large-scale events, such as sports events and concerts, require rental power for lighting, sound, and temporary facilities thus boosting market growth.


Key Market Segmentation:

The report has segmented the global power rental market based on fuel type, equipment type, power rating, application, end use industry and region.

Breakup by Fuel Type:

  • Diesel
  • Natural Gas
  • Others

Breakup by Equipment Type:

  • Generator
  • Transformer
  • Load Bank
  • 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
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape with Key Players:

The competitive landscape of the power rental market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Aggreko Plc
  • Caterpillar, Inc.
  • Atlas Copco Group
  • Cummins, Inc.
  • United Rentals, Inc.
  • HIMOINSA S.L.
  • Horizon Acquisition (Horizon Power Systems)
  • The Hertz Corporation
  • Generac Power Systems
  • Wacker Neuson SE
  • Wärtsilä Oyj Abp
  • Speedy Hire Plc
  • Smart Energy Solutions (SES)
  • SoEnergy International, Inc.

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1639&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
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Website: https://www.imarcgroup.com/

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