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Generator Rental Market Size to Worth Around USD 6.2 Bn by 2030

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The worldwide Generator Rental market measurement is anticipated to achieve USD 6.2 billion by 2030 and is anticipated to increase at a CAGR of 5.1% from 2021 to 2030.

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The rise in demand for uninterrupted power supply in end-use industries and rapid industrialization are the key factors expected to boost the global generator rental market during the forecast period.

The global generator rental market is broadly affected by several factors such as rise in demand for electricity, growth in investment in the construction sector, rapid urbanization, and technological innovation with respect to product design. Furthermore, increase in incidence of power outage and lack of grid infrastructure in rural areas are anticipated to propel the global generator rental market in the near future.

Dynamics

The construction sector is a major end user of generator rental. Construction activities in residential, commercial, industrial, and utilities sectors in developed and developing economies across the globe have been increasing significantly since the past few years. This has been driving the global generator rental market.

Major developing countries have been introducing various reforms and regulations, including Foreign Direct Investment (FDI), to boost infrastructure development as well as the real estate sector. For instance, as per FDI India, the real estate sector in India is expected to reach value of US$ 1 Trn by 2030. It is projected to contribute about 13% to the country’s total Gross Domestic Product (GDP) by 2025.

Several countries across the globe are investing significantly in the development of the construction sector. This is boosting the global construction sector. Companies are focusing more on rental services in order to meet the instant power requirements of the sector. This is likely to propel the global generator rental market.

The consumption of electricity has been increasing significantly across the globe. The continuous rise in electricity consumption has created a mismatch between demand and supply. This is anticipated to drive the generator rental market during the forecast period.

Report Highlights Details
Market Size US$ 6.2 billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Power Rating, End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Caterpillar, Cummins Inc., HIMOINSA, AKSA POWER GENERATION, Aggreko plc, Kohler Co., United Rentals, Inc., APR Energy, AGCO Corporation, Herc Rentals Inc., Ashtead Group plc. Wartsila, Generac Power Systems, Inc., and Cooper Equipment Rentals

Report Highlights

In terms of end user, utilities is anticipated to be a highly lucrative segment of the global generator rental market during the forecast period.

Based on type, the diesel segment dominated the global generator rental market in 2020. Ease of availability, reliability, and cost effectiveness are major factors propelling the segment of the global generator rental market during the forecast period.

In terms of power rating, the above 1000kVA segment dominated the global generator rental market in 2020.

The generator rental market in Asia Pacific is expected to expand significantly during the forecast period, owing to rise in commercial and industrial activities in the region. Rapid urbanization, increase in disposable income, government reforms, and economic growth are some of the key factors propelling the construction industry in Asia Pacific. Uninterrupted power supply is required for the proper functioning of heavy equipment such as mixers in the construction sector. Hence, most consumers prefer generator sets to ensure smooth operation. This is anticipated to drive the generator rental market.

Middle East & Africa held key share of the global generator rental market in 2020. Ongoing investment in exploration and production activities are factors propelling the demand for generator rental in the region. Furthermore, lack of access to electricity, primarily in Sub-Saharan Africa, is a major factor driving the demand for generator rental in the region.

Key Players

Major players operating in the global generator rental market are Caterpillar, Cummins Inc., HIMOINSA, AKSA POWER GENERATION, Aggreko plc, Kohler Co., United Rentals, Inc., APR Energy, AGCO Corporation, Herc Rentals Inc., Ashtead Group plc. Wartsila, Generac Power Systems, Inc., and Cooper Equipment Rentals.

Market Segmentation

By Type

  • Diesel
  • Natural Gas
  • Others (including Biofuel and HFO)

By Power Rating

  • Below 100 kVA
  • 100 kVA -500 kVA
  • 501 kVA -1000 kVA
  • Above 1000 kVA

By End User

  • Utilities
  • Oil & Gas
  • Mining
  • Construction
  • Events
  • Others (Including Telecom)

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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Research Methodology

The research methodology adopted by analysts for compiling the global generator rental market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global generator rental market.

Table of Contents

Chapter 1.   Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.   Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.   Executive Summary

3.1.  Market Snapshot

Chapter 4.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Generator Rental Market, By Type

7.1.  Generator Rental Market, by Type, 2021-2027

7.1.1.     Diesel

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Natural Gas

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Others (including Biofuel and HFO)

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Generator Rental Market, By Power Rating

8.1.  Generator Rental Market, by Power Rating, 2021-2027

8.1.1.     Below 100 kVA

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     100 kVA -500 kVA

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     501 kVA -1000 kVA

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Above 1000 kVA

8.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Generator Rental Market, By End User

9.1.  Generator Rental Market, by End User, 2021-2027

9.1.1.     Utilities

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Oil & Gas

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Mining

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     Construction

9.1.4.1.          Market Revenue and Forecast (2016-2027)

9.1.5.     Events

9.1.5.1.          Market Revenue and Forecast (2016-2027)

9.1.6.     Others (Including Telecom)

9.1.6.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.       Global Generator Rental Market, Regional Estimates and Trend Forecast

10.1.         North America

10.1.1.  Market Revenue and Forecast, by Type (2016-2027)

10.1.2.  Market Revenue and Forecast, by Power Rating (2016-2027)

10.1.3.  Market Revenue and Forecast, by End User (2016-2027)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.1.4.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.1.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.1.5.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.1.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.         Europe

10.2.1.  Market Revenue and Forecast, by Type (2016-2027)

10.2.2.  Market Revenue and Forecast, by Power Rating (2016-2027)

10.2.3.  Market Revenue and Forecast, by End User (2016-2027)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.4.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.2.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.5.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.2.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.6.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.2.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.7.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.2.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.         APAC

10.3.1.  Market Revenue and Forecast, by Type (2016-2027)

10.3.2.  Market Revenue and Forecast, by Power Rating (2016-2027)

10.3.3.  Market Revenue and Forecast, by End User (2016-2027)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.4.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.3.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.5.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.3.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.6.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.3.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.7.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.3.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.         MEA

10.4.1.  Market Revenue and Forecast, by Type (2016-2027)

10.4.2.  Market Revenue and Forecast, by Power Rating (2016-2027)

10.4.3.  Market Revenue and Forecast, by End User (2016-2027)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.4.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.4.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.5.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.4.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.6.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.4.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.7.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.4.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.5.         Latin America

10.5.1.  Market Revenue and Forecast, by Type (2016-2027)

10.5.2.  Market Revenue and Forecast, by Power Rating (2016-2027)

10.5.3.  Market Revenue and Forecast, by End User (2016-2027)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.5.4.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.5.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.5.5.2.       Market Revenue and Forecast, by Power Rating (2016-2027)

10.5.5.3.       Market Revenue and Forecast, by End User (2016-2027)

Chapter 11.  Company Profiles

11.1.                 Caterpillar

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 Cummins Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 HIMOINSA

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 AKSA POWER GENERATION

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 Aggreko plc

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 Kohler Co.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 United Rentals, Inc.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.                 APR Energy

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.                 AGCO Corporation

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.             Herc Rentals Inc.

11.10.1.                  Company Overview

11.10.2.                  Product Offerings

11.10.3.                  Financial Performance

11.10.4.                  Recent Initiatives

Chapter 12.  Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.  Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

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