The Global Power Generator Rental Market size was valued at USD 5.34 Billion in 2023 and the total Global Power Generator Rental revenue is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 7.62 Billion by 2030.
Power Generator Rental Market Overview:
The Power Generator Rental Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Power Generator Rental Market, as well as the causes for variances in the industry’s growth in various places.
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Power Generator Rental Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Power Generator Rental Market Drivers:
Nations are actively transitioning away from fossil fuels, accelerating the adoption of renewable energy sources worldwide, notably shifting from coal. Consequently, investments in renewable technologies have surged in recent years. While renewables offer a promising avenue to meet global energy demands sustainably, their intermittent nature poses challenges. Given that energy storage technologies are still in nascent stages, backup power solutions become crucial for ensuring uninterrupted power supply to industries and households. Power rental services and equipment emerge as viable solutions to bridge this gap, offering easy accessibility, minimal maintenance requirements, and cost-effectiveness. This aspect is expected to serve as a significant driver for the growth of the Power Rental Market during the forecast period.
The extensive utilization of rental power within the mining industry is poised to accelerate power generator rental market growth.
The mining industry emerges as a significant consumer of rental power solutions. Mining sites, often located in remote areas detached from the grid, heavily rely on temporary generator sets. Rental generators witness moderate demand within industrial sectors, particularly during peak load demand or brief outages, necessitating additional power support beyond existing systems. Given the mining industry's dependence on rental power due to inadequate grid power supplies, it is poised to drive power generator rental market growth substantially during the forecast period.
Power Generator Rental Market Segmentation:
by Generator Rating
Up to 100 KVA
101- 500 KVA
501- 1000 KVA
Above 1000 KVA
by Fuel Type
Diesel
Natural Gas
by End Users
Utilities
Mining
Oil & Gas
Events
Construction
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Power Generator Rental Market Key Players: The key players are
Global Power Generator Rental Providers in North America:
1. Kohler: Headquarters in Kohler, Wisconsin, United States
2. United Rentals, Inc.: Headquarters in Stamford, Connecticut, United States.
3. Caterpillar Inc.: Headquarters in Deerfield, Illinois, United States.
4. Cummins Inc.: Headquarters in Columbus, Indiana, United States.
5. Herc Rental: Headquarters in Bonita Springs, Florida, United States.
6. Sunbelt: Headquarters in Fort Mill, South Carolina, United States.
7. APR Energy: Headquarters in Jacksonville, Florida, United States
Global Power Generator Rental Providers in Europe:
8. Aggreko PLC: Headquarters in Glasgow, Scotland, United Kingdom.
9. Atlas Copco AB: Headquarters in Stockholm, Sweden.
10. Ashtead Group: Headquarters in London, United Kingdom.
11. Atlas Copco: Headquarters in Stockholm, Sweden.
12. Speedy Hire: Headquarters in Newton-le-Willows, United Kingdom.
13. Bredenoord: Headquarters in Apeldoorn, Netherlands
Global Power Generator Rental Providers in Asia-Pacific:
14. China Engineers Limited: Headquarters in Hong Kong, China.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Power Generator Rental Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Power Generator Rental Market Report are:
Which sub-segment had the largest share in the Power Generator Rental Market?
How is the competitive landscape of the Power Generator Rental Market in 2023?
Which are the key drivers impacting the Power Generator Rental Market growth?
Which region holds the maximum share in the Power Generator Rental Market?
What will be the CAGR of the Power Generator Rental Market during the forecast period (2023-2029)?
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