Market Overview:
The global generator rental market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for generators in various applications such as utilities, oil & gas, mining, construction, events and others. Additionally, the growing awareness about the benefits of using generators for backup power has led to an increase in demand for generator rentals globally. The diesel generator segment is expected to dominate the global generator rental market during the forecast period from 2018 to 2030. This can be attributed to their high efficiency and durability when compared with other types of generators available in the market.
Product Definition:
Generator rental is a service in which generators are leased to businesses or individuals for a short period of time. This service can be used for a variety of reasons, such as providing backup power during an outage or supplying power to a construction site. The importance of generator rental lies in the fact that it can provide temporary power when needed, which can be critical in certain situations.
Diesel Generator:
Diesel generator is the power source used in case of a grid failure or electrical outages. It is also known as diesel genset, it's an engine with accessories that are used to convert chemical energy into mechanical energy. The main function of this equipment is to provide electricity during a power outage.
In the past few years, there has been an increase in demand for rental services and consumer purchase of these generators as they are easy to use.
Gas Generator:
A gas generator is a mechanical device that produces energy from a combustion of gases. The most common types of generators used for power production are internal combustion (IC) engines, electric/electronic, and steam turbine. A gas generator works on the basic principle of thermodynamics; i.e., the heat generated in an engine or by hot water flowing through turbines is converted to electrical energy via coolant systems and generators producing electricity.
Application Insights:
The utilities application segment led the market and accounted for more than a 38% share of the global revenue in 2017. The segment is likely to witness significant growth over the forecast period owing to rapidly growing urbanization, increasing electricity demand from renewable sources, and rapid industrialization.
Increasing demand for power during emergencies such as natural disasters or electrical outages is expected to drive product rentals in utility applications over the forecast period. In addition, rising need for reliable generators that are capable of handling high-demand power loads with ease is projected to fuel industry expansion over the next eight years.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for rental generators in countries such as China, India, Japan, South Korea and Australia. In addition, rising investments by various companies for setting up renewable energy plants are anticipated to drive the regional market further.
North America accounted for a significant share of revenue in 2017 owing to growing demand from end-users such as oil & gas sector and utilities sector due to heavy snowfall or other calamities that caused power outages. However, slow economic growth along with limited access of electricity due to ice/snow storms may hinder the region’s growth during 2018-2030 period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and the consequent need for reliable power supply in new towns and cities
- Proliferation of data centers, which require backup generators to ensure uninterrupted power supply
- Growing popularity of off-grid renewable energy systems that rely on generators for backup power
- Increased awareness about the importance of generator rental services for businesses during emergencies or natural disasters
Scope Of The Report
Report Attributes
Report Details
Report Title
Generator Rental Market Research Report
By Type
Diesel Generator, Gas Generator
By Application
Utilities, Oil & Gas, Mining, Construction, Events, Others
By Companies
Aggreko, Atlas Copco, Cummins, Energyst, United Rentals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Generator Rental Market Report Segments:
The global Generator Rental market is segmented on the basis of:
Types
Diesel Generator, Gas Generator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utilities, Oil & Gas, Mining, Construction, Events, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aggreko
- Atlas Copco
- Cummins
- Energyst
- United Rentals
Highlights of The Generator Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Generator
- Gas Generator
- By Application:
- Utilities
- Oil & Gas
- Mining
- Construction
- Events
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Generator Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Generator rental is the use of a generator to power essential equipment or services during an emergency.
Some of the major companies in the generator rental market are Aggreko, Atlas Copco, Cummins, Energyst, United Rentals.
The generator rental market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Generator Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Generator Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Generator Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Generator Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Generator Rental Market Size & Forecast, 2018-2028
4.5.1 Generator Rental Market Size and Y-o-Y Growth
4.5.2 Generator Rental Market Absolute $ Opportunity
Chapter 5 Global Generator Rental Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Generator Rental Market Size Forecast by Type
5.2.1 Diesel Generator
5.2.2 Gas Generator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Generator Rental Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Generator Rental Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Oil & Gas
6.2.3 Mining
6.2.4 Construction
6.2.5 Events
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Generator Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Generator Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Generator Rental Analysis and Forecast
9.1 Introduction
9.2 North America Generator Rental Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Generator Rental Market Size Forecast by Type
9.6.1 Diesel Generator
9.6.2 Gas Generator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Generator Rental Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Oil & Gas
9.10.3 Mining
9.10.4 Construction
9.10.5 Events
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Generator Rental Analysis and Forecast
10.1 Introduction
10.2 Europe Generator Rental Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Generator Rental Market Size Forecast by Type
10.6.1 Diesel Generator
10.6.2 Gas Generator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Generator Rental Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Oil & Gas
10.10.3 Mining
10.10.4 Construction
10.10.5 Events
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Generator Rental Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Generator Rental Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Generator Rental Market Size Forecast by Type
11.6.1 Diesel Generator
11.6.2 Gas Generator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Generator Rental Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Oil & Gas
11.10.3 Mining
11.10.4 Construction
11.10.5 Events
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Generator Rental Analysis and Forecast
12.1 Introduction
12.2 Latin America Generator Rental Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Generator Rental Market Size Forecast by Type
12.6.1 Diesel Generator
12.6.2 Gas Generator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Generator Rental Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Oil & Gas
12.10.3 Mining
12.10.4 Construction
12.10.5 Events
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Generator Rental Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Generator Rental Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Generator Rental Market Size Forecast by Type
13.6.1 Diesel Generator
13.6.2 Gas Generator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Generator Rental Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Oil & Gas
13.10.3 Mining
13.10.4 Construction
13.10.5 Events
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Generator Rental Market: Competitive Dashboard
14.2 Global Generator Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aggreko
14.3.2 Atlas Copco
14.3.3 Cummins
14.3.4 Energyst
14.3.5 United Rentals
