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Report Overview
The Europe power rental market is expected to attain USD 5.58 billion by 2032, rising from an estimated USD 3.99 billion in 2023 at a CAGR of 3.8% over the forecast period of 2024-2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The industrial production in Europe rose by 8% in 2021 compared to 2020. This upward trend has persisted with a subsequent 5% increase in 2022 compared to 2021.
- The occurrence of frequent natural disasters and the prevalence of extreme climate conditions is leading to power outages.
- The European construction sector contributes around 9% of the EU GDP.
Europe Power Rental Market Report Snapshots
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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Key Questions Answered in the Report
The power rental market in Europe reached a value of USD 3.99 billion in 2023.
The market is projected to grow at a CAGR of nearly 3.8% in the forecast period of 2024-2032.
The market is estimated to reach a value of about 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.
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