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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.
Base Year
Historical Year
Forecast Year
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.
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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.
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.
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.
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.
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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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
Market Breakup by Application
Market Breakup by Region
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.
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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 ...
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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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.
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 Type |
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Breakup by Application |
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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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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
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
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
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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