Report Scope & Overview:

Power Rental Market Size will be valued at USD 16.41 billion by 2030, and it was valued at USD 10.37 billion in 2022, and grow at a CAGR of 5.9% over the forecast period 2023-2030.

The power Renting producing units that generate electricity using gas, diesel, or any other fuel is known as power renting. It includes active power plants as well as numerous components deployed in power plants. It also gives businesses the reliability, flexibility, speed, and cost-effectiveness they need to deal with short-term power outages. Energy rental services are designed to help communities by strengthening their electricity systems and providing additional industrial power and support. As a result, it is widely used in the building, mining, and oil and gas industries.

Power Rental Market Revenue 2030

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  • Increasing Demand for a continuous and reliable power source.


  • Generator-related government regulations.


  • This will be covered under the final version of the report.


  • expenditures on operations.


COVID-19 has caused havoc in the world economy and energy sector, disrupting supply chains at a time when demand is high. The COVID-19 outbreak has an impact on the global economy as well as the global healthcare sector. Manufacturing, electricity generation, renewable energy, nuclear power, and oil and gas have all suffered substantial economic consequences. During the Covid-19 outbreak and the resulting recession, power rental was impacted.

Based on application, The top shaving category is expected to be the fastest expanding segment of the power rental market. In order to keep up with global energy consumption, generation must increase as well. This demand is particularly high during the summer and at night during the winter. High demand refers to a rapid increase in energy demand, which is a prevalent concern when resources are few, especially in developing countries. During peak working hours, high demand expenses are used. During peak hours, extensive shaving generators assist power utility companies in lowering their operating expenses. These fees vary by region and season, with prices that are average at the time of non-arrival. In such instances, the cost of operating this generator is quite low in comparison to the high cost of equipment in a few countries. As a result, consumers are adopting generators to meet their energy needs during peak periods in order to save money on their electricity bills. Furthermore, in a few nations, the cost of renting equipment is quite low when compared to the high cost of operating or developing a new energy facility. Resources can ensure grid stability by swiftly providing additional power to the grid as needed by utilising power renting solutions. This additional power supply method also conserves resources.

Based on fuel type, Natural gas is the fastest expanding area of the electricity leasing market. It may be used to power emergencies and portable generators, and it is one of the most cost-effective and efficient fuels among renewable energy sources. In addition, compared to diesel generators, gas generators are less expensive and more environmentally beneficial, as gas emits fewer hazardous pollutants and emissions. Natural gas generators that run on LPG, compressed gas, propane, and other gases are available in a range of sizes, from small to large. When compared to diesel generators of less than 150 KVA, these generators are comparatively economical and environmentally beneficial. The cost of gas generators, on the other hand, rises faster than the cost of diesel generators operating at the same rate. The US gas network has provided around 26.9 trillion cubic feet (TCF) of gas to nearly 77.9 million users, according to the US EIA. Because these generators are most efficient and clean than diesel generators, they help to reduce pollutants; at the time of forecasting, this category is predicted to develop at the fastest CAGR in the power renting market.



  • Diesel

  • Gas

  • Others


  • Generators

  • Transformers

  • Load Banks

  • Others


  • Base load/Continuous Power

  • Standby power

  • Peak shaving


  • Oil & gas

  • Utilities

  • Shipping

  • Manufacturing

  • Mining

  • Construction

  • Other

 Power Rental Market Segmentation Analysis

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Power rental market were studied in five regions: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. Due to factors such as increased investment in the oil and gas, construction, and mining industries, North America is likely to continue to lead the energy rental market during the forecast period. The fastest expanding markets in the North American region are the United States and Canada.

Due to the rapid expansion of commercial spaces such as supermarkets, hotels, and department stores, Asia-Pacific has a big share, which has raised the demand for reliable electricity and hence the usage of rental facilities. Due to increased government spending on public institutions, Southeast Asian countries such as Thailand and Indonesia are experiencing the expansion of commercial infrastructure. Furthermore, rapid digitalization in line with the current Industrial Revolution 4.0 is projected to have a significant impact on the industry's expansion.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in Global Power rental Market are Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other.

Caterpillar-Company Financial Analysis

Power Rental Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 10.37 Billion
Market Size by 2030 US$ 16.41 Billion
CAGR CAGR of 5.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Fuel Type (Diesel, Gas, Others)
• By Equipment (Generators, Transformers, Load Banks, Others)
• By Application (Base Load/Continuous Power, Standby Power, Peak Shaving)
• By End-User (Oil & Gas, Utilities, Shipping, Manufacturing, Mining, Construction, Other)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other.
Key Drivers • Increasing Demand for a continuous and reliable power source.
RESTRAINTS • Generator-related government regulations.

Frequently Asked Questions

The Power rental Market size was valued at 9.8  billion in 2021 at a CAGR of 5.9%.

Increasing Demand for a continuous and reliable power source is driving the Power rental Market.

The key players in Global Power rental Market are Herc Rentals Inc., Caterpillar, Cummins Inc., Aggreko, APR Energy, United Rentals, Inc., Ashtead Group plc, Al Faris, Kohler Co., Bredenoord, Altaaqa Global, Atlas Copco AB, Hertz System, Inc., HIMOINSA and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Power rental Market Segmentation, by Fuel type


8.2 Diesel

8.3 Gas

8.4 Others


9. Global Power rental Market Segmentation, by equipment

9.1 Introduction

9.2 Generators

9.3 Transformers

9.4 Load Banks

9.5 Others


10. Global Power rental Market Segmentation, By application 

10.1 Introduction

10.2 Base load/Continuous Power

10.3 Standby power

10.4 Peak shaving


11. Global Power rental Market Segmentation, By End-User

11.1 Introduction

11.2 Oil & gas

11.3 Utilities

11.4 Shipping

11.5 Manufacturing

11.6 Mining

11.7 Construction

11.8 Other


13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2    Canada

13.2.3    Mexico

13.3        Europe

13.3.1    Germany

13.3.2    UK

13.3.3    France

13.3.4    Italy

13.3.5    Spain

13.3.6    The Netherlands

13.3.7    Rest of Europe

13.4        Asia-Pacific

13.4.1    Japan

13.4.2    South Korea

13.4.3    China

13.4.4    India

13.4.5    Australia

13.4.6    Rest of Asia-Pacific

13.5        The Middle East & Africa

13.5.1    Israel

13.5.2    UAE

13.5.3    South Africa

13.5.4    Rest

13.6        Latin America

13.6.1    Brazil

13.6.2    Argentina

13.6.3    Rest of Latin America


14. Company Profiles


14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Herc Rentals Inc.

14.3 Caterpillar

14.4 Cummins Inc.

14.5 Aggreko

14.6 APR Energy

14.7 United Rentals, Inc.

14.8 Ashtead Group plc

14.9 Al Faris

14.10 Kohler Co.

14.11 Bredenoord

14.12 Altaaqa Global

14.13 Atlas Copco AB

14.14 Hertz System, Inc.


14.16 Other.


15. Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments


16. Conclusion


An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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