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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2021, industrial production in Europe rose by 8% compared to 2020, followed by a 5% increase in 2022. This upward trend in industrial activity has heightened the need for temporary power solutions, particularly in sectors such as construction and manufacturing, where uninterrupted power supply is crucial.
- Frequent natural disasters and extreme climate conditions are also contributing to the rising demand for power rental services, as they lead to increased instances of power outages across the region. These outages necessitate the use of rental generators to ensure continuity in operations, especially during critical construction projects, leading to growth of power rental market in Europe.
- The European construction sector, which contributes around 9% of the EU GDP, is a key driver of this market, as ongoing infrastructure projects require reliable power sources to meet tight deadlines and operational demands. The UK has emerged as the leading market for power rentals, with France and Germany closely following due to their robust industrial activities and infrastructure investments.
Europe Power Rental Market Country Insights
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.
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
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.
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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