Generator Rental Market - Forecast(2024 - 2030)

Report Code: EPR 0090 Report Format: PDF + Excel

Generator Rental Market Overview:

Generator Rental Market size is valued at $4800 Million in 2022 and is expected to reach a value of $7000 Million by 2030 at a CAGR of 5% during the forecast period 2023-2030. The generator rental market has experienced significant growth and evolution in recent years. Fueled by factors such as increasing demand for reliable power sources, rapid industrialization, frequent occurrence of natural disasters, and the need for temporary power solutions at events and construction sites, the generator rental industry has expanded to become a crucial component of the broader power sector. 

Businesses and individuals alike are recognizing the value of renting generators to ensure uninterrupted power supply during planned maintenance, emergencies, or remote operations. This trend has led to the emergence of numerous players in the generator rental market, offering a wide range of generator capacities and types to cater to diverse customer needs. 

As sustainability and environmental concerns gain prominence, there is also a growing emphasis on energy-efficient and eco-friendly generator solutions within the rental market. Overall, the generator rental market's outlook remains promising as it continues to adapt to changing power demands and technological advancements, positioning itself as an indispensable service for various industries.

Market Snapshot:

Generator Rental Market - Report Coverage:

The “Generator Rental Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Generator Rental Market.

AttributeSegment

By Fuel Type

  • Natural Gas

  • Diesel

  • Others

By Power Rating

  • Below 100kVA

  • 100kVA-500kVA

  • 501kVA-1000kVA

  • Above 1000kVA

By Application

  • Peak Load Sharing

  • Standby Load

  • Continuous Load

By End-use

  • Oil & Gas

  • Mining

  • Construction

  • Events

  • Utilities

  • Others

 

 

 

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).

Generator Rental Market - Top Trends: 

Rise in Demand for Temporary Power Solutions: The increasing need for reliable power sources during planned maintenance, construction projects, events, and emergencies has led to a consistent demand for generator rentals. Businesses and industries that require uninterrupted power supply are turning to rental services to ensure operational continuity.

Tech Integration and Remote Monitoring: Many generator rental companies are incorporating advanced technologies, such as IoT (Internet of Things), to remotely monitor and manage their generator fleets. This enables real-time tracking of generator performance, fuel consumption, maintenance needs, and even predictive analytics to optimize operations.

Focus on Fuel Efficiency and Environmental Concerns: Environmental awareness and regulations are pushing the generator rental market toward eco-friendly solutions. Companies are increasingly offering generators with improved fuel efficiency, reduced emissions, and noise levels to align with sustainability goals and meet stricter environmental standards.

Hybrid and Renewable Energy Solutions: The integration of hybrid power systems and renewable energy sources like solar and wind with traditional generators is gaining traction. Generator rental providers are diversifying their offerings to include hybrid solutions, providing cost savings and reduced environmental impact.

Customization and Scalability: Customers now seek tailor-made solutions to meet specific power requirements. Generator rental companies are offering scalable options, allowing clients to easily adjust the capacity of rented generators based on their changing needs.

Generator Rental Market - Company Product Analysis

PowerGen Solutions: PowerGen Solutions offers a comprehensive range of generator solutions under their PowerMax Series. These generators are designed to cater to a diverse set of industries and applications, from events to construction projects and emergency backup power.

Key Features: 

Advanced Telematics: The PowerMax generators come equipped with integrated IoT technology for remote monitoring and management. Customers can track fuel levels, runtime, and maintenance requirements through a user-friendly online portal or mobile app.

Fuel Efficiency: PowerGen Solutions places a strong emphasis on fuel efficiency. The PowerMax generators incorporate advanced engine management systems to optimize fuel consumption, reducing operating costs and environmental impact.

EcoPower Solutions: EcoPower Solutions specializes in eco-friendly generator options, with their GreenGen Hybrid Generators leading the market in sustainable power solutions.

Key Features:

Hybrid Integration: The GreenGen Hybrid Generators combine traditional diesel generators with renewable energy sources like solar panels and wind turbines. This integration reduces fuel consumption and emissions while providing reliable power.

Smart Load Management: EcoPower's generators feature advanced load management systems that intelligently distribute power between the diesel generator and renewable sources, optimizing efficiency.

MegaPower Rentals: MegaPower Rentals specializes in heavy-duty generators designed to meet the demands of industrial applications and large-scale events.

Key Features:

High Power Output: The MegaPower Heavy-Duty Generators offer substantial power output, making them suitable for industries with high energy requirements, such as construction, manufacturing, and mining.

Robust Construction: These generators are built to withstand harsh environments and heavy usage. They feature rugged enclosures, heavy-duty components, and enhanced cooling systems to ensure reliable performance.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Generator Rental Market. The top 10 companies in this industry are listed below:

  1. Aggreko Plc
  2. United Rentals
  3. Sunbelt Rentals
  4. Herc Rentals
  5. Cummins Inc.
  6. Caterpillar Inc.
  7. Rental Solutions & Services (RSS)
  8. Generac Power Systems
  9. Atlas Copco
  10. Altaaqa Global

Scope of Report: 

Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

5%

Market Size in 2030

$7000

Segments Covered

By Fuel Type, By Power Rating, By Application, By End-use and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Kohler Company
  2. AKSA Power Generation
  3. Cummins Inc
  4. Caterpillar Inc
  5. Herc Rentals Inc.
  6. Ashtead Group (parent company of Sunbelt Rentals)
  7. Hertz Equipment Rental Corporation
  8. Speedy Hire
  9. APR Energy
  10. Power Electrics


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1. Generator Rental Market - Overview
    1.1. Definitions and Scope
2. Generator Rental Market - Executive Summary
3. Generator Rental Market - Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Generator Rental Market - Start-up Companies Scenario (Premium)
    4.1 Key Start-up Company Analysis by
    4.2 Investment
    4.3 Revenue
    4.4 Venture Capital and Funding Scenario
5. Generator Rental Market – Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Generator Rental Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Challenges
    6.4 Porter's Five Force Model
    6.5 Bargaining Power of Suppliers
    6.6 Bargaining Powers of Customers
    6.7 Threat of New Entrants
    6.8 Rivalry Among Existing Players
    6.9 Threat of Substitutes
7. Generator Rental Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Generator Rental Market – By Fuel Type (Market Size – $Million/$Billion) 
    8.1. Natural Gas
         8.1.1 Market Size and Forecast, By Region
         8.1.2 Market Share Analysis, By Country
    8.2 Diesel
        8.2.1 Market Size and Forecast, By Region
        8.2.2 Market Share Analysis, By Country
    8.3 Others
        8.3.1 Market Size and Forecast, By Region
        8.3.2 Market Share Analysis, By Country
9. Generator Rental Market – By Power Rating (Market Size – $Million/$Billion) 
    9.1 Below 100kVA
        9.1.1 Market Size and Forecast, By Region
        9.1.2 Market Share Analysis, By Country
    9.2 100kVA-500kVA
        9.2.1 Market Size and Forecast, By Region
        9.2.2 Market Share Analysis, By Country
    9.3 501kVA-1000kVA
        9.3.1 Market Size and Forecast, By Region
        9.3.2 Market Share Analysis, By Country
    9.4 Above 1000kVA
        9.4.1 Market Size and Forecast, By Region
        9.4.2 Market Share Analysis, By Country
10. Generator Rental Market – By Application (Market Size – $Million/$Billion) 
     10.1 Peak Load Sharing
          10.1.1 Market Size and Forecast, By Region
          10.1.2 Market Share Analysis, By Country
     10.2 Standby Load
          10.2.1 Market Size and Forecast, By Region
          10.2.2 Market Share Analysis, By Country
     10.3 Continuous Load
          10.3.1 Market Size and Forecast, By Region
          10.3.2 Market Share Analysis, By Country
11. Generator Rental Market – By End-use (Market Size – $Million/$Billion) 
     11.1 Oil & Gas
          11.1.1 Market Size and Forecast, By Region
          11.1.2 Market Share Analysis, By Country
     11.2 Mining
          11.2.1 Market Size and Forecast, By Region
          11.2.2 Market Share Analysis, By Country
     11.3 Construction
          11.3.1 Market Size and Forecast, By Region
          11.3.2 Market Share Analysis, By Country
     11.4 Events
          11.4.1 Market Size and Forecast, By Region
          11.4.2 Market Share Analysis, By Country
     11.5 Utilities
          11.5.1 Market Size and Forecast, By Region
          11.5.2 Market Share Analysis, By Country
     11.6 Others
          11.6.1 Market Size and Forecast, By Region
          11.6.2 Market Share Analysis, By Country
12. Generator Rental Market – by Geography (Market Size – $Million/$Billion) 
     12.1 North America
          12.1.1 The U.S.
          12.1.2 Canada
          12.1.3 Mexico
     12.2 Europe
          12.2.1 UK
          12.2.2 Germany
          12.2.3 France
          12.2.4 Italy
          12.2.5 Spain
          12.2.6 Russia
          12.2.7 Rest of Europe
     12.3 Asia-Pacific
          12.3.1 China
          12.3.2 India
          12.3.3 Japan
          12.3.4 South Korea
          12.3.5 Australia & New Zealand
          12.3.6 Rest of Asia-Pacific
     12.4 South America
          12.4.1 Brazil
          12.4.2 Argentina
          12.4.3 Chile
          12.4.4 Colombia
          12.4.5 Rest of South America
     12.5 Rest of the World
          12.5.1 Middle East
          12.5.2 Africa
13. Generator Rental Market – Entropy
14. Generator Rental Market – Industry/Segment Competition Landscape Premium 
     14.1 Market Share Analysis
          14.1.1 Market Share by Product Type – Key Companies
          14.1.2 Market Share by Region – Key Companies
          14.1.3 Market Share by Country – Key Companies
     14.2 Competition Matrix
     14.3 Best Practices for Companies
15. Generator Rental Market – Key Company List by Country Premium Premium 
16. Generator Rental Market - Company Analysis
     16.1 Aggreko Plc
     16.2 United Rentals
     16.3 Sunbelt Rentals
     16.4 Herc Rentals
     16.5 Cummins Inc.
     16.6 Caterpillar Inc.
     16.7 Generac Power Systems
     16.8 Atlas Copco
     16.9 Altaaqa Global
     16.10 Ashtead Group (parent company of Sunbelt Rentals)
     16.11 Hertz Equipment Rental Corporation
     16.12 Speedy Hire
     16.13 APR Energy
     16.14 Rental Solutions & Services (RSS)
     16.15 Power Electrics
     16.16 Cummins Power Generation
     16.17 Trane Rentals
     16.18 Sudhir Power Ltd.
     16.19 Kohler Power Systems
     16.20 A-Plant

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The Generator Rental is forecast to grow at 5% during the forecast period 2023-2030.

Global Generator Rental Market size is estimated to reach $7000 Million by 2030.

The leading players in the Generator Rental Market are Kohler Company, AKSA Power Generation, Cummins Inc, Caterpillar Inc, Herc Rentals Inc.