The Europe power rental market value reached around USD 3.99 Billion in 2023 due to the increasing frequency of power outages and the ageing infrastructure of power grids. This necessitates reliable temporary power solutions, particularly in sectors like utilities and construction. The construction industry is witnessing a surge in demand for power rentals due to ongoing projects like the Hinkley Point C nuclear power plant, which requires consistent energy supply amidst fluctuating grid availability. Furthermore, the cost-effectiveness of renting over owning equipment allows companies to allocate resources more efficiently. As a result, the industry is expected to grow at a CAGR of 3.80% during the forecast period of 2024-2032 to attain a value of USD 5.58 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Europe Power Rental Market Outlook
*this image is indicative*
| Europe Power Rental Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 3.99 |
| Market Size 2032 | USD Billion | 5.58 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.8% |
| CAGR 2024-2032 - Market by Country | Germany | 4.3% |
| CAGR 2024-2032 - Market by Application | Peak Shaving | 3.7% |
| CAGR 2024-2032 - Market by End Use | Utilities | 4.0% |
| Market Share by Country 2023 | United Kingdom | 19.4% |
The Europe power rental market is driven by the need for temporary power sources during large commercial and infrastructural construction. Generators are a reliable source of power for several sectors, including oil and gas and mineral mining to run heavy equipment for drilling and digging. Rental power services are also demanded during outdoor events or as a backup power supply during long-term power outages. Another key reason for hiring rental power services is the difficulty in transporting heavy generators from the office to different project sites. As a result, companies often opt for rental units closer to their worksite.
The growth of the Europe power rental market is driven by various factors, such as the demand for continuous power during outages, rising construction projects, and the demand for power rentals based on clean energy sources. Some of the key trends are the cost-effectiveness of renting a generator, governmental focus on clean power sources, and frequent power supply cuts in the region. These factors are collectively influencing the market growth. Rising demand for cost-effective power and frequent power outages in Europe are creating several opportunities in the market.
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Rising demand for clean power sources, increasing cost-effectiveness of power rentals, and growing frequency of natural disasters are the key trends propelling the market growth.
Power rental companies are focusing on new forms of power, such as green power produced from solar energy or hydrogenated vegetable oil, owing to their better adherence to environmental regulations. The government’s rising focus on environmental well-being aids the demand for eco-friendly generators. For instance, natural gas generators burn approximately 85% cleaner than diesel-based generators, which can contribute to the demand of Europe power rental market. Moreover, Germany plans to reach greenhouse gas neutrality by 2045 and the country is formulating a plan to reduce emissions by around 65 per cent by 2030 and 88 per cent by 2040. This is expected to fuel the demand for green power sources among rental companies. Further, consumers are adopting renewable energy-based power generators, as they are cleaner and more cost-effective options. The recurring blackouts across Europe, due to an ageing power network and changing climatic conditions are increasing the installation of emergency backup systems.
Companies in downstream markets, such as construction, manufacturing, and mining, with temporary power requirements, consider investing in a rented generator more feasible than purchasing a new one, which boosts the Europe power rental market value. As per the Eurofer forecasts, the construction sector in the region is expected to reach a growth rate of 2% year-on-year in 2025. The renovation subsector is also expected to witness growth in 2025. The housing market in the Netherlands witnessed an upward trend in the construction sector with a rise in building permits as well as growth in the sales of new homes in 2024. Spain’s construction sector, on the other hand, witnessed a growth rate of 4.5% in 2023. These positive trends in the construction sector of the region indicate a rising demand for power rentals.
The ageing power infrastructure across Europe is a significant driver for the power rental market. Many countries are facing challenges related to outdated electrical grids, which often lead to frequent power outages. For instance, in the UK, approximately 30% of the electricity distribution network is over 40 years old, necessitating ongoing maintenance and upgrades. During these maintenance periods, utility companies increasingly rely on rental power solutions to ensure uninterrupted service, leading to Europe power rental market expansion. In Germany, the government has recognised the need to modernise its energy infrastructure, leading to initiatives that involve substantial grid upgrades. During these upgrades, rental generators are deployed extensively to maintain service continuity. Similarly, in France, during the maintenance of aging electrical grids, rental companies have provided backup generators to ensure that essential services such as hospitals and emergency services remain operational. In 2023, a major upgrade in Paris required the use of temporary generators to support public transportation systems while work was being completed on the main electrical lines. The upgrade involved extensive work on the Grand Paris Express, a massive public transport project aimed at enhancing connectivity across the city and its suburbs.
The demand for temporary power solutions during events and emergencies is surging across Europe. The region hosts numerous large-scale events annually, such as music festivals and sports tournaments, which require substantial temporary power setups. For example, the Glastonbury Festival in the UK attracts over 200,000 attendees each year and relies heavily on rental generators to provide power for stages, lighting, and amenities. In 2023 alone, it was estimated that outdoor events in Europe would require over 1 GW of additional temporary power capacity, highlighting the scale of this demand. Moreover, the increasing frequency of natural disasters in Europe necessitates reliable backup power solutions for emergency response teams. For instance, Slovenia faced devastating floods in August 2023, which were reported to have caused damage equivalent to approximately 16% of the country's GDP. The floods overwhelmed infrastructure and led to power outages across affected regions. In response, local authorities used rental generators to power emergency response centers and medical facilities, allowing them to provide aid and support to those impacted by the disaster. Another example is the Eurovision Song Contest, which requires extensive temporary power setups for its elaborate staging and broadcasting needs. In 2023, when held in Liverpool, UK, organisers used multiple rental companies to provide sufficient power for performances and audience facilities. This trend drives revenue for rental companies but also enhances their role as critical partners in both planned events and unplanned emergencies across Europe.
The occurrence of frequent natural disasters and the prevalence of extreme climate conditions have been creating difficulties in electricity supply and consumption across Europe. This has created the demand for power rentals to ensure continuous power supply, propelling the Europe power rental market revenue.
For instance, in 2023, Europe was affected by wildfires in many regions such as Greece, Portugal, Spain, and Italy. As per the industry reports, the wildfire in Greece was the largest ever recorded in Europe with around 96,000 hectares affected by it. In Jun 2024, Germany, on the other hand, witnessed floods that caused significant damage to life and property. Moreover, in September 2024, Central and Eastern European regions were widely affected by floods due to Storm Boris. These calamities greatly boosted the demand for power rental supplies.
Figure: Advantages of Rental Power Generators over Permanent Generators
The European Union's stringent emission standards and regulations can greatly affect the demand for power rentals. Green power rentals which are powered by renewable energy sources such as solar and wind often come at higher costs compared to the generators powered by traditional sources, hindering their adoption due to budget constraints.
Fluctuating fuel prices can also negatively affect the power rental demand forecast. Many power rental companies depend on diesel generators but regular volatility in fuel prices can increase their cost. For instance, fuel prices increased in 2024 with the latest diesel price being 150.1 pence/litre. Furthermore, the retailers also increased their diesel margins more than for petrol in 2023, which meant paying 13 pence per litre more for diesel in the first five months of 2023.
Rental power units allow companies to meet their temporary power needs cost-effectively. Instead of spending funds to pay for a permanent unit that would be sold with depreciation on project completion, companies opt to lease one for the short term. As per the Eurostat data, around 99% of the companies in the EU region are small and medium-sized, creating more demand for power rentals in SMEs. Rental power units also help companies overcome the challenges of transporting their permanent generators from the office location to the worksite, boosting the power rental demand. Companies often choose power rental companies located closer to the project site to save time and achieve a reliable power source.
In remote project areas with no direct connection to a traditional power source, rental generators provide construction, mining, or infrastructure power services without having to purchase the equipment outright. Further, as the demand for commodities increases, the need for a stable power source to conduct mining operations, is rising.
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“Europe Power Rental Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on fuel type, the market is divided into:
On the basis on rating, the market is classified into:
Based on application, the market is segregated into:
On the basis of end use, the market is divided into:
Based on country, the market is classified into:
| CAGR 2024-2032 - Market by | Country |
| Germany | 4.3% |
| France | 4.0% |
| United Kingdom | XX% |
| Italy | XX% |
| Others | XX% |
Market Analysis by Fuel Type
According to the Europe power rental market analysis, diesel-based generator sets are utilised across various sectors. They offer a continuous power supply, whether it's for managing peak demand, serving as backup during emergencies, or meeting the energy requirements of industrial, commercial, and residential settings. Diesel’s low volatility rate makes it a safe option in mining fields. Diesel generators play a vital role in providing power supply in remote locations. In mining, over 70% of power for heavy machinery is through diesel generators, boosting the Europe power rental demand growth.
Residential standby generator installers favour natural gas, eliminating the burden of refuelling, as it's seamlessly delivered through utility lines when required. Gas generators offer advantages over other fuel-operated generators such as fuel storage duration, cost-effective usage, ease of use, and sustainability.
Key power rental companies like United Rentals, Boels, and Speedy have added solar-powered or hybrid generators to their product portfolio. Compared to traditional generators that are loud, create exhaust and require to be refuelled, solar generators are quiet, and clean and can operate independently without on-site supervision.
Market Analysis by Rating
Larger industries and offices require generators exceeding 100 kW due to their substantial power demands, capable of extended operation on a full tank. Further, generators for oil and gas operations typically have power ratings ranging from 501 to 2500 kW, ensuring they can provide prime-rated or continuous operating power as needed, and contribute to the growth of the Europe power rental industry.
Generators with lower power ratings are employed mostly in the residential and among SMEs with lower power requirements. Homes and small offices can operate on 1 kW to 10 kW generators. A 5-kW generator can power lights, fans, electric motors, and a refrigerator. Many households opt for reliable 50 kW generators as standby power sources, running on fuels like diesel, natural gas, or propane.
Market Analysis by Application
Peak shaving accounts for a large power rental market share in Europe and is expected to witness a CAGR of 3.7 in the forecast period as many companies in the region are offering rental generators for temporary power supply during high-demand periods. Businesses, such as those specialising in the manufacturing sector, can save a lot of operational costs by not relying on the grid for power supply during peak hours. Standby power applications are also gaining prominence in the market due to rising demand for backup power supply from data centres and hospitals which need continuous power supply.
| CAGR 2024-2032 - Market by | Application |
| Peak Shaving | 3.7% |
| Standby Power | XX% |
| Base Load/Continuous Power | XX% |
Market Analysis by End Use
Power rental demand is growing in the utilities sector as it is expected to have a CAGR of 4.0%. Several countries, mainly in the Western European region, are dealing with ageing infrastructure which requires constant maintenance, During the maintenance period, utility providers depend on power rental services which can offer constant power supply, boosting the Europe power rental market opportunities.
| CAGR 2024-2032 - Market by | End Use |
| Utilities | 4.0% |
| Construction | 3.7% |
| Oil and Gas | 3.4% |
| Mining | XX% |
| Manufacturing | XX% |
| Others | XX% |
The demand for power rentals in the construction sector is expected to have a CAGR of 3.7%. With the rising investment in residential and commercial buildings as well as transportation networks, the demand for power rentals, specifically if grid power is not available constantly in the region, is rising. For instance, the construction of the Hinkley Point C nuclear power plant began in 2016 and is expected to be completed by 2026, creating great demand for power rentals.
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United Kingdom Europe Power Rental Market Drivers
In 2023, the United Kingdom construction market was valued at approximately USD 386 billion, employing nearly 2.8 million individuals. According to the Europe power rental industry analysis, the most robust sector within the construction market is infrastructure. The government has pledged USD 127.4 billion for economic infrastructure support from 2022 to 2025, with roughly half of the infrastructure investment coming from public funds.
Germany Europe Power Rental Market Trends
In the German market, players such as MITTES Engineering GmbH, Krauter, and The Power Company offer a diverse range of power rental products. These products are deployed by various end-use sectors, such as mining, residential sector, and utilities, increasing the Europe power rental industry revenue.
France Europe Power Rental Market Analysis
France witnessed an increase in non-residential construction activity by 6.6% at constant prices in 2022. The country observed 468 thousand permits for residential construction in 2021. The country hosts various international events, such as fashion shows, conferences, and cultural festivals, which require temporary power solutions. Some of the key players in France for power rental and temporary power solutions include Atlas Copco, Delta Service Location, Atawa, and Gearbooker, amongst others.
The market is highly competitive due to its moderately fragmented structure. It is characterised by numerous global and regional players providing rental services within the region. Power rental companies in Europe power rental market are investing in eco-friendly technologies to comply with stringent European Union emissions regulations. The companies are readily developing hybrid solutions that combine diesel generators with renewable energy sources like solar power to reduce carbon emissions as these green solutions help them cater to the growing demand for sustainable energy rentals.
Founded in 1962 and based in Scotland, United Kingdom, the company is mainly known for its mobile modular power, energy and temperature control services.
Founded in 1925 and based in Texas, United States, the company is known for its Power generation rentals inclu...
Founded in 1873 and based in Stockholm, Sweden, the company in Europe power rental market is known for its ren...
Founded in 1977 and based in Limburg, The Netherlands, the company is known for its Rental solutions such as p...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the Europe power rental market include Zwart Techniek B.V. and LOXAM Group, among others.
There are many startups working on product innovation like Power Equipment (EST) Digital Monitoring, and Remote Management Systems. With this technology, users can improve fuel efficiency, track real-time performance, and minimise operational costs resulting in efficient rental power solutions. As per the Europe power rental market dynamics and trends, other companies are offering reliable temporary power supply to the construction; events and utility sectors, namely peak shaving and continuous power requirements combined with emergency standby power.
Tesvolt
Based out of Germany, this startup focuses on manufacturing energy storage systems specifically targeted at industrial and commercial use cases. The move is in line with the increasing requirement for sustainable power solutions across Europe, responding to the need for grid-balancing and renewable energy integration by offering a series of power rental services that are underpinned by energy storage.
Instagrid
Based in Germany, this start-up in Europe power rental market specialises in portable battery-driven generators intended to take over conventional diesel devices. These are designed to lower emissions and clean power systems for the construction, events, and mobile workspace markets. Instagrids´s products offer this flexibility without compromising portability or zero-emission energy, making them sustainable alternatives to standard diesels.
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Europe Power Rental Market Size
Europe Power Rental Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 3.99 Billion.
The market is assessed to grow at a CAGR of 3.80% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 5.58 Billion by 2032.
Power rental refers to the renting of generators. These generators may operate on diesel or natural gas.
Power rental companies take charge of the maintenance and repair of generators throughout the rental period. As a result, consumers do not have any maintenance hassles and experience a low risk of downtime.
The major drivers of the market include the expanding infrastructural sector, frequent power cuts, and the cost-effectiveness of power rentals.
Key trends aiding the market expansion include the development of power rentals that work on clean energy sources, rising mining operations, the need for temporary power in construction projects and an ageing power generation infrastructure leading to frequent power supply cuts.
The major rating segments in the market are up to 50 kW, 51–500 kW, and above 500 kW.
The significant application segments of the product are peak shaving, standby power, and base load/continuous power, among others.
The major countries for power rental in Europe include the United Kingdom, France, Germany, and Italy, among others.
The leading players in the market are Aggreko Ltd., Caterpillar Inc., Atlas Copco AB, Boels Topholding B.V., Zwart Techniek B.V., and LOXAM Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel Type |
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| Breakup by Rating |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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