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Report Overview
The global power rental market attained a value of nearly USD 10.30 Billion in 2023. The market is further expected to grow at a CAGR of 5.80% during the forecast period of 2024-2032 to reach a value of USD 17.11 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Power Rental Market
The report presents a detailed analysis of the following key players in the global power rental market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Caterpillar, Inc.
- Aggreko Plc
- Atlas Copco Group
- Cummins, Inc.
- The Hertz Corporation
- Generac Power Systems
- Wacker Neuson SE
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Power Rental Market Report Snapshots
*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 global power rental market attained a value of nearly USD 10.30 Billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is being driven by the rising demand for power rental in the mining industry, the low maintenance and enhanced flexibility offered by power rental, and the increasing investment concerns in the mining industry.
The industry is expected to be propelled by the rising demand for rental generators in the construction industry, the development of innovative power rental equipment, and the increasing trend of sustainability.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major fuel types of power rental in the industry are diesel and natural gas, among others.
The various equipment types of power rental are load bank, generator, and transformer, among others.
The several power ratings of power rental are up to 50 kW, 51-500 kW, 510-2,500 kW, and above 2,500 kW.
The numerous applications of power rental are peak shaving, standby power, and base load/continuous power.
The significant end uses in the market are utilities, oil and gas, events, construction, mining, and data centres, among others.
The major players in the industry are Caterpillar, Inc., Aggreko Plc, Atlas Copco Group, Cummins, Inc., The Hertz Corporation, Generac Power Systems, and Wacker Neuson SE, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.11 Billion by 2032.
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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