Power Rental Market: Market Segments: By Fuel Type (Diesel Generators and Gas Generators); By Power Rating (Less Than 50 KW, 51 KW to 500 KW and Above 500 KW); By Application (Peak Shaving, Base Load and Standby); By End-User (Utilities, Oil & gas, Events, Construction, Mining, Manufacturing, Telecom & Datacenter and Others); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
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 about 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.
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.
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. base load/continuous segment held the leading position with a market share of around 43.5% in the power rental market in 2019. To provide continuous electricity supply, the base load or continuous power plant needs minimum power generation.
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 ageing transmission and distribution lines.
Restrain
Stringent emission regulations
The 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. In addition, the increased emphasis on renewable energy is expected to further hamper the growth of this sector in the near future.
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. In addition, 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. In addition, 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.
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) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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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 |
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Market Position of Top Company |
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Qualitative Analysis |
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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) |
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Total Market |
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