Product Overview

Power Rental is characterized as a power that is leased out for a particular amount of time and is controlled by either a written or verbal agreement. Power rental signifies the facility of temporarily renting generators or power plants for providing energy to industrial units. In many industries, power rental is increasingly used, as it can supply instant power, such as for power outages in remote areas without power networks. Increased end-customer advantage, increased profitability, fuel management, fleet management, reliability, design alignment, and after-sales service are the advantages of power rental. Industries need a constant power supply to prevent financial losses. Industries, therefore, use additional power by adopting short-term measures, such as leasing or leasing additional power by the use of diesel generators to meet their power needs.

Market Highlights

Power Rental Market is expected to project a notable CAGR of 6.9% in 2030.

Power Rental Market to surpass USD 13.4 billion by 2030 from USD 8.9 billion in 2019 at a CAGR of 6.9% throughout the forecast period, i.e., 2019-30. The growing demand for power and the availability of new personalized rental solutions for compressed air are the key factors driving the growth of the global market for power rental. The key benefit of renting power equipment is the abandonment of upfront investment, tax reductions, improved infrastructure, reduction of balance sheet burden, and avoidance of transport and storage costs. Due to different macroeconomic factors and extensive industrial movement, an increase in power demand is observed. These factors are contributing to the rapid growth of the worldwide power rental market.

Power Rental Market: Segments

Continuous power segment to grow with the highest CAGR during 2019-30

Power Rental Market is segmented by applications as peak shaving, continuous power, standby. baseload/continuous segment held the leading position with a market share of around 43.5% in the power rental market in 2019. To provide a continuous electricity supply, the baseload or continuous power plant needs minimum power generation. Geothermal power plants, tidal power plants, and coal-fired power plants are the other types of continuous power plants, among others. As continuous-power generators are used in a wide range of settings, including mines, manufacturing sites, construction sites, and oil and gas plants, the continuous power group is expected to produce the highest CAGR over the forecast period.

Oil & gas to grow with the highest CAGR during 2019-30

Power Rental Market is segmented by end-user into utilities, construction, oil & gas, manufacturing, mining, shipping, events, and others. The utility segment has been generating the largest revenue throughout the historical and forecast period. The section of utilities includes power plants owned and maintained by various utility companies and government agencies. Utility suppliers ensure an efficient supply of energy from power plants to commercial and residential buildings around the globe with the aid of an existing distribution line. The initial investment in the establishment of durable power plants requires tremendous capital investment. Besides, the growing demand for the establishment of consistent economic power has accentuated the need for fully capable and affordable operating power rental systems around the world. Due to the high adoption rate of power rental technologies by industries, the segment of the oil & gas industry is expected to expand over the forecast period. The world's ever-increasing demand for oil and gas is the key factor driving the growth of the global rental market for electricity.

Power Rental Market: Market Dynamics

Drivers

Growing foreign investments along with ongoing technological advancements

The share of the diesel power rental market will be complemented by rising foreign investment along with ongoing technological developments, including high reliability and performance. Frequent power cuts and blackouts would have a positive effect on the outlook of the sector, along with aging transmission and distribution lines. Without the additional facilities, the rental units can quickly be set up and can be demobilized to support other projects after fulfilling the demand. Some of the main factors confirming the demand scenario are easy to supply, longer life cycle, and higher fuel energy density. Gas-based power rental demand would be motivated by the implementation of strict government guidelines against rising emission rates, followed by increasing adoption of renewable systems. The growth of the market will be enhanced by increasing consumer inclination towards operational suitability & economic viability. Besides, the growing market for green alternatives will shift to sustainability and hybrid technology in line with the shifting emphasis.

Demand for continuous power supply from Core industries

In remote areas, mining and oil & gas exploration operations typically take place. Due to the highly inflammable nature of the extracted goods, human life at such locations is constantly threatened; adequate lighting and power are therefore essential requirements for such operations. The mining and oil & gas industries in the US, Australia, and many African countries are likely to experience noteworthy growth, driven by growing investment. New mining ventures are anticipated to be launched in the coming years in China, Australia, and India. To propel the demand for power rental solutions, the factors listed above are imperative. Collectively, these variables are expected to drive the power rental solutions industry in the future.

Restrain

Stringent emission regulations

Government agencies' stringent pollution regulations and the impact of oil price volatility on sectors dependent on oil are expected to impede the growth of the global power rental industry. Besides, the increased emphasis on renewable energy is expected to further hamper the growth of this sector in the near future. Several strict regulations have been formulated in the North America, Europe, and Asia Pacific regions to restrict carbon emissions from power generation operations. Such regulations also define the allowable noise levels of diesel generators to reduce the noise emissions generated by the operation of diesel generators. Different nations have their own set of laws and regulations. Multiple emission prevention measures such as silencers, solid foundations, and rubber in shear mounts, canopies, and flexible elbows are offered by many power rentals companies to minimize the noise level, which in turn increases the total cost of generator sets.

Power Rental Market: Key Players

Atlas Copco AB

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

AGGREKO PLC

Ashtead Group plc

Bredenoord

BOWMAN POWER

Caterpillar Inc.

Cummins Inc.

Kohler Co.

One Source Equipment Rentals, Inc.

Power Rental Market: Regions

Power Rental Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Power Rental Market in North America held the largest market share of XX.X% in the year 2019 and it is expected to continue its market dominance in the future owing to factors such as growing investments in the industries of oil & gas, manufacturing, and mining. Besides, the increased investment in mining and related exploration activities in the area is also driving the demand for rental of electrical equipment over the forecast period. With the highest CAGR, MEA is expected to rise, and this is due to the rising demand for electricity from the construction sector, as well as the need to supply power to outdated power plants. Besides, the rise in investments in infrastructure in countries such as the U.A.E., Oman, and Saudi Arabia is expected to further fuel demand for leased power in the region in the coming years, with the market expected to expand at its fastest during the forecast period.

Competitive Landscape:

The Power Rental market, which is highly competitive, consists of several major players such as Aggreko (UK), United Rentals (US), Caterpillar (US), Herc Rental (US), Ashtead Group (UK), and Atlas Copco (Sweden) hold a substantial market share in the Power Rental market. Other players analyzed in this report are Speedy Hire (UK), Cummins (US), Bredenoord (UK), Kohler (US), Multiquip (US), SoEnergy (US), Allmand Brothers (US), Generac Power (US), Wacker Neuson (Germany) among others.

The market competition has been stepped up by the availability of many players offering Power Rental. For Instance, In August 2020: Aggreko signed a contract to deliver three temporary power generators for the pro women’s golf in Scotland.

Power Rental Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Power Rental Market report also contains analysis on:

Power Rental Market Segments:

By Fuel Type:

Diesel Generators

Gas Generators

By Power Rating:

Up to 50 kW

51 kW–500 kW

501 kW–2,500 kW

By Application:

Peak Shaving

Standby Power

Base Load/ Continuous Load

By End-User:

Utilities

Oil & gas

Events

Construction

Mining

Manufacturing

Telecom & Datacenter

Others

Power Rental Market Dynamics

Power Rental Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Power Rental Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Power Rental Market

What could be the challenging factors in the growth of Power Rental Market

What are the growth drivers for the Power Rental Market

Contents

1. Executive Summary

2. Power Rental Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Power Rental Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Power Rental Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Power Rental: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Fuel Type: Market Share (2020-2030F)

12.2.1. Diesel Generators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Gas Generators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Application: Market Share (2020-2030F)

12.3.1. Peak Shaving, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Standby Power, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Base Load/ Continuous Load, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4 By Power Rating: Market Share (2020-2030F)

12.4.1. Up to 50 kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. 51 kW–500 kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. 501 kW–2,500 kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5 By End-User: Market Share (2020-2030F)

12.5.1. Utilities, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.2. Oil & gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.3. Events, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Construction, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.5. Mining, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.6. Manufacturing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.7. Energy and Utilities, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.8. Telecom & Datacenter, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.8. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. Atlas Copco AB

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. AGGREKO PLC

13.3. Ashtead Group plc

13.4. Bredenoord

13.5. BOWMAN POWER

13.6. Caterpillar Inc.

13.7. Cummins Inc.

13.8. Kohler Co.

13.9. One Source Equipment Rentals, Inc.

13.10. Wacker Neuson

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)