Global Power Rental Market - Growth, Trends, and Forecast (Outlook to 2028)

The rapid industrialization coupled with continuous power demand, especially in growing economies, dealing with surviving power outages in factories and refineries, growing construction and infrastructure development, and the surge in offshore oil and gas power demand are significant drivers in the Power Rental market.

Rental generators are a fundamentally important aspect of every emergency management plan. During power interruptions, generators are either automatically or physically energized to power up life-safety items, including lights, fire protection, security, and other emergency-related equipment. Many rental generator sets feature multi-volt selector switches, as well as multi-phase and multi-amp compatibility. This makes them much more agile in diverse situations. With the addition of remote starters, multi-outlet/multi-rated power distribution boxes, and external fuel tank coupling, Rental generators can provide a range of power options to virtually any situation.

In October 2020, Aggreko announces the immediate availability of its solar power rental offer. The 1 MW PV solution is optimized for weak or off-grid applications and delivers clean energy innovation without long-term financial or technical commitment. Aggreko Solar Power can be contracted on a rental basis, with no upfront CAPEX required. Deployment time is three to four months; the system has low O&M requirements and is well suited for use in harsh and remote environments. Contract durations start at five years, which provides greater flexibility should business operations or market conditions change. The new system seamlessly integrates with the company’s battery storage products and thermal generators. All three assets are managed by intelligent software using one control system. The result is a high-performance hybrid system that operates more efficiently, uses significantly less fuel in combination with backup generators, and has a much lower CO2 footprint.

This report provides a comprehensive overview of the global Power Rental market. The study also comprehensively analyses the market based on fuel (gas, diesel, and others), end-users (Utilities, Oil & Gas, Petrochemical & refining, Building services & construction, Events, Manufacturing, Mining, and others), and geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa). It details out the significant factors influencing the market growth. This report discusses global opportunities and challenges, examines the drivers of structural change, and explores the business model options available to wealth managers wishing to seize the global potential and survive in the business long term.

The report also addresses present and future market opportunities, market trends, developments, region, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the power rental market. Further, power rental market size, demand forecast, and growth rates will also be provided in the report.