Global Power Rental market accounted for $8.09 billion in 2019 and is expected to reach $16.48 billion by 2027 growing at a CAGR of 9.3% during the forecast period. The growing need for electrification and continuous power supply in developing regions, demand for continuous power supply from mining and oil & gas industries and ageing power infrastructure and need for grid stabilization are the major factors driving the market growth.
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By geography, South America region holds a largest market share in the power rental market during the forecast period. The South America region is among the key producer of lithium and graphite with mining activities in Brazil, Argentina and Chile. The grid infrastructure in South America has not reached the remote places such as the Caribbean islands where the power rental is still the major source of power. Owing to such conditions, the power rental market is expected to gain traction in the South America region.
Some of the key players profiled in the Power Rental market include Aggreko, APR Energy, Atlas Copco, Caterpillar Inc, Cummins Inc, FG Wilson, Generac Power Systems, Kohler Co, Newburn Power Rental Ltd, NIDS Group, Shenton Group, Speedy Hire PLC, Sudhir Power Ltd, Wacker Neuson Group, Wartsila company.
Fuels Type Covered in Power Rental Market
• Dual Fuel
• Diesel
• Gas Generators
• Heavy Fuel Oil (HFO) & Petrol
• Liquefied Petroleum Gas (LPG)
• Natural Gas
• Hybrid
Ratings Covered:
• Below 75 KVA
• 75 – 375 KVA
• 375 – 750 KVA
• Above 750 KVA
Equipments Type Covered:
• Clamps
• Generator
• Load Bank
• Temporary Power Plant
• Transformer
• Wires
Rentals Type Covered:
• Retail Rental
• Project Rental
Power Ratings Covered:
• Less than 10 kW
• 11 kW – 20 kW
• 21 kW – 50 kW
• 51 kW – 100 kW
• 101 kW – 250 kW
• 251 kW – 500 kW
• 501 kW – 1000 kW
• 1001 kW -1500 kW
• 1501 kW – 2000 kW
• 2001 kW – 2500 kW
• Above 2500 kW
Applications Covered:
• Continuous Power
• Standby Power
• Prime power
End Users Covered:
• Telecom & Datacenter
• Data Centre
• Electric Utilities
• Events
• Healthcare
• Hospitals
• Industrial
• Manufacturing
• Marine
• Military
• Offshore
• Oil and Gas
• Quarrying & Mining
• Shipping
• Telecom
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