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Report Overview

The global mobile power generation equipment rentals market attained a value of USD 3,856.30 million in 2023. The market is estimated to grow at a CAGR of 6.29% during 2024-2032 to reach a value of USD 6,726.61 million by 2032.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • 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.
Global Mobile Power Generation Equipment Rentals Market Reports Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 3,856.30
Market Size 2032 USD Million 6,726.61
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.29%
CAGR 2024-2032 - Market by Region Asia Pacific 6.9%
CAGR 2024-2032 - Market by Country India 7.9%
CAGR 2024-2032 - Market by Country Brazil 7.7%
CAGR 2024-2032 - Market by Type Generator 6.7%
CAGR 2024-2032 - Market by Application Personal 5.8%
Market Share by Country 2023 UK 3.8%

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.

Global Mobile Power Generation Equipment Rentals Market

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Key Trends and Developments

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.

Global Mobile Power Generation Equipment Rentals Market By Application

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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
CAGR 2024-2032 - Market by Type
Generator 6.7%
Turbine XX%
CAGR 2024-2032 - Market by Application
Personal 5.8%
Enterprise XX%
CAGR 2024-2032 - Market by Region
Asia Pacific 6.9%
Latin America 6.7%
North America 6.1%
Europe XX%
Middle East and Africa XX%
CAGR 2024-2032 - Market by Country
India 7.9%
Brazil 7.7%
Canada 7.0%
China 6.6%
Mexico 6.5%
USA XX%
UK XX%
Germany XX%
France XX%
Italy XX%
Australia 4.7%
Saudi Arabia XX%
Japan 4.1%
2023 Market Share by Country
UK 3.8%
USA XX%
Canada XX%
Germany XX%

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.

Global Mobile Power Generation Equipment Rentals Market By Region

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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

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.

Cummins Inc. is an American multinational corporation that specialises in diesel and alternative fuel engines ...

Siemens AG

Siemens AG is a German multinational technology conglomerate with operations encompassing automation, digitali...

*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 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.

*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 global mobile power generation equipment rentals market is projected to grow at a CAGR of 6.29% between 2024 and 2032.

The major market drivers include the growing demand for emergency power equipment, rising infrastructure and construction activities, increasing energy demand, and rapid industrialisation and urbanisation.

The key trends guiding the growth of the market include the launch of improved mobile power generation equipment by manufacturers and growing technological advancements.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Generator and turbine are the leading types of mobile power generation equipment rentals in the market.

Enterprise and personal segments represent the significant applications of the product.

The major players in the market are Aggreko Plc, APR Energy Plc, Caterpillar Inc., Cummins Inc., and Siemens AG, among others.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Type
  • Application
  • Region
Breakup by Type
  • Generator
  • Turbine
Breakup by Application
  • Enterprise
  • Personal
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aggreko Plc
  • APR Energy Plc
  • Caterpillar Inc
  • Cummins Inc.
  • Siemens AG .
  • Others
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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124