Global Mobile Power Generation Equipment Rentals Market Report and Forecast 2024-2032

Global Mobile Power Generation Equipment Rentals Market Outlook

The global mobile power generation equipment rentals market is expected to grow at a CAGR of 6.2% during the forecast period 2024-2032.

Key Takeaways

• In 2022, the power generation capacity of India rose to nearly 400 gigawatts, surpassing the previous year’s growth of 382 gigawatts.

• In 2022, net generation of electricity from utility-scale generators in the United States was about 4.24 trillion kilowatt-hours (kWh).

• According to Global Power Plant Index, there are currently 187 and 1300 geothermal and biomass power plants respectively in the world.

As per the IEA, in 2023, only 40-45% of the population had access to electricity in Sub-Saharan Africa

Mobile power generation equipment, such as portable power stations and generators, provides versatile power solutions for various applications. These solutions range from transforming job sites into permanent or temporary power plants to providing backup power in emergencies. Portable power stations offer features like USB ports, solar panel inputs, and wireless charging, making them suitable for camping, outdoor activities, or as a backup power source.

Mobile power generation equipment rentals market share is increasing due to the presence of by various companies such as Cat Rental Store, Sunbelt Rentals, Herc Rentals, United Rentals, and MacAllister Rentals. These companies offer various portable and mobile generator sets for rent, including towable, portable, and skid-mounted generators with power output ranging up to 1900W. Renting power generation systems provides increased flexibility and access to a complete range of equipment required to power different operations. It is often the most economical solution for temporary power needs, such as remote job sites, planned facility maintenance, outage emergencies, or other events.

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Key Trends and Developments

Increasing demand for emergency power during natural disasters, shift towards gas generators, and rising adoption of mobile power systems in rural areas are increasing the market growth.

January, 2024

Cummins Inc. unveiled a USD 580 million project at its Rocky Mount Engine Plant (RMEP) in North Carolina, which aims to achieve zero emissions. This strategic initiative is expected to generate around 80 additional jobs, providing both short-term employment opportunities and long-term job stability.

November, 2023

Siemens Smart  Infrastructure (SI) collaborated with Aspern Smart City Research (ASCR) in Vienna to enhance its grid capacity and expedite the energy transition. This innovative software is projected to reduce power outages by 30 percent, contributing to more reliable energy supply.

September, 2021

Aggr eko announced that it has exceeded a record of 2GW of live gas generation capacity. The company's innovative approach to monetising stranded gas assets and increased demand for flare gas to power projects have been key drivers in achieving this milestone.

February, 2020

Atlas  Corp. acquired APR Energy Limited in a USD 750 million transaction. The acquisition enabled the company to provide large-scale power solutions and mobile power plants to customers worldwide.

Increasing demand for emergency power during natural disasters

The demand for emergency power during natural disasters is one of the mobile power generation equipment rentals market trends. Such disasters lead to grid failure that results in power outages in the affected region, which thereby increases the demand for mobile power generation systems as they provide emergency power.

Growing adoption of mobile power plants for rural electrification

There is a lack of consistent electricity supply in underdeveloped nations, especially in rural areas. As the establishment of new power plants for a consistent supply of electricity is time-consuming and expensive, there is increasing adoption of rental mobile power generation systems in these regions to offer a short-term power supply.

Gradual shift to gas generators

The demand for gas generators has been increasing and this mobile power generation equipment rentals market trend is driven by several factors, including the consideration of natural gas as a less polluting fuel, rise in natural gas usage in the residential sector, and the increasing need for power in various sectors.

Increasing infrastructural activities around the globe

Infrastructure development, including engineering, construction, maintenance, and management of events, requires high-power solutions for a prolonged period. Due to rising infrastructure activities across the globe, there is an increasing adoption of mobile power generation equipment.

The global mobile power generation equipment rentals market development is being driven by the rising demand for energy along with rapid urbanisation and industrialisation. Factors such as the increased development of public infrastructure, growing industrial base, rising construction operations, increased demand from mining and oil and gas industries, and the need for large volumes of energy during events and activities would significantly boost the mobile power generation equipment rentals market growth.

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Market Segmentation

Global Mobile Power Generation Equipment Rentals Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Generator

• Turbine

Market Breakup by Application

• Enterprise

• Personal

Market Breakup by Region 

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Generators and turbines propel the market demand due to the rising demand for power in emergencies

In types of equipment, generators and turbines are anticipated to equally capture the mobile power generation equipment rentals market share in the forecast period. Generators are devices that convert mechanical energy into electrical energy and are commonly used for powering small appliances, providing backup power during emergencies, and for various industrial applications. Therefore, the increasing demand for primary power, backup power, and standby power solutions across commercial, industrial, and residential sectors is driving the segment’s growth.

Whereas turbines convert available energy forms into rotation and are used in mobile power generation equipment rentals for powering large-scale events, rural electrification, and continuous power supply at data centres. According to mobile power generation equipment rentals market analysis, several factors such as increased public infrastructure constructions, rising demand from the mining and oil and gas industry, and the requirement for large volumes of power during events are significantly contributing to the growth of turbines segment.

Enterprises holds a significant market share as they use the equipment for short-term power demands

According to mobile power generation equipment rentals market report, the enterprise segment is witnessing significant growth owing to the increasing adoption of mobile power generation equipment rentals by businesses to meet short-term power demands.

This equipment includes portable generators, which are used by construction companies at off-the-grid job sites, by event planners for powering of large-scale events, and by data centres for continuous power supply in emergencies. Mobile power generation equipment enhances operational efficiency and guarantees uninterrupted operations for various businesses and sectors, which is driving the segment’s growth.

In addition, factors such as flexibility, cost-effectiveness, and scalability of rental alternatives which enable individuals to acquire reliable power solutions without making significant upfront commitments are expected to fuel the growth of the ‘personal’ segment, which in turn, will increase the mobile power generation equipment rentals market size during the forecast period.

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Competitive Landscape

Market players are entering into acquisitions and expanding their geographical expansion to stay ahead in the market.

APR Energy Plc provides power solutions and manage both short and long-term energy projects. The company was founded in 2004 and is headquartered in Florida, United States. It primarily serve sectors such as utilities, mining, oil and gas, heavy industry, military, and renewable energy integration.

Cummins Inc. is an American multinational corporation that specialises in diesel and alternative fuel engines and generators, and related components and technology. It also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control, electrical power generation systems, and trucks. The company was founded in 1919 and is headquartered in Indiana, USA.

Siemens AG is a German multinational technology conglomerate with operations encompassing automation, digitalisation, distributed energy systems, and rail transport solutions. The company was founded in 1847 and is headquartered in Munich, Germany. It operates in various divisions, including energy, industry, infrastructure, transportation, and healthcare.

Other key players in the global mobile power generation equipment rentals market analysis include Aggreko Plc and Caterpillar Inc., among others.

North America is one of the prominent regions due to the increasing demand for emergency backup power solutions for government and defence operations

As per the mobile power generation equipment rentals market segmentation, the North American region is anticipated to hold a dominant position in the market. The increasing focus on alternative backup solutions for continuous electric supply in the US has led to an increased demand for generators with renewable fuels, energy storage systems, and microgrids. Generators can provide backup power with natural fuels, leading to optimising fuel costs. Concurrently, mobile microgrids, offered by Siemens Government Technologies in US, are being increasingly considered as the ultimate emergency backup power source for critical government and defence operations, providing reliable, on-demand power.

In addition, the increasing demand for mobile power generation equipment rentals in the Asia Pacific region can be credited to several factors. The rapid expansion of commercial spaces, such as malls, hotels, and retail stores, has significantly boosted the demand for stable power supply, thereby augmenting the utilisation of power rentals. Additionally, the lack of reliable grid infrastructure, the growing need for electrification, and the continuous power supply in developing or rural regions are driving the demand for mobile power generation equipment rentals.

Furthermore, India, China, the United States, and Mexico are creating a substantial demand for mobile power generation equipment rentals products and services due to frequent oil and gas drilling activities. These activities require continuous uninterrupted power supply, which, in turn, fuels the mobile power generation equipment rentals market demand.

Key Highlights of the Report