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Published Date: 2014-01-28Number of Pages: 110

Power Rental Market (Application - Peak Shaving, Continuous Power, and Standby; End use - Government and Utilities, Oil, Gas and Mining, Construction, Industrial, and Events) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2019

Global Power Rental Market: Snapshot

Power rental systems cater to the needs of numerous industries during periods of power suspension. During such periods, the power rental units provide back-up systems to keep operations running. Emerging economies and high population rates require more power supply each day. By 2030, the electricity demand worldwide will double at an annual rate of 2.4%, according to the findings of IAEA (International Atomic Energy Agency).

Augmenting levels of urbanization all over the globe have spurred infrastructural growth, which will in turn boost the demand for power. Repetitive power shortages and inadequate infrastructure in developing countries have been urging several companies to opt for power rental-based solutions. Aged power plants along with power interruption will encourage the power rental market in the coming years.  By 2019, the global market for power rental systems is estimated to be worth US$20.64 bn. 

Petroleum Industry to Fuel Growth due to Need for Uninterrupted Power Supply

The market includes key end-user segments such as gas and mining, events market, industrial, construction, and government and utilities. Government offices and organizations, telecommunication service sectors, renewable power plants, and hospitals require uninterrupted power supply.

The global power rental market has been divided on the basis of end-use, application, and geography. The key applications in this market include continuous power, peak shaving, and standby systems. The report explains the current trends and projections as to which segment will lead in the application segment, along with statistical data supporting the findings. The peak shaving application market is expected to expand significantly during the forecast period due to energy intensive industries wanting to steer clear of power suspension during peak and non-peak hours.

MEA to Dominate due to Emergence of Altaaqa Global

The power rental market in China is projected to expand at a rapid rate on account of thermal power generation, which will, in turn boost demand in Asia Pacific. In the Middle East and Africa segment, the time is believed to be ripe for tremendous opportunities. This is because of the towering energy needs and popularity of tourism. In 2012, the MEA lead the global market for power rental, claiming about 31% of the revenue. One of the prominent factors behind this development is the establishment of Altaaqa Global, which primarily offers power solutions in and around Dubai, thereby assisting the expansion of the market.

Asia Pacific stood second in terms of revenue generation in 2012. Because of the hindrance caused by high levels of undersupply of energy that relies on an outdated, unstable power grid, it is expected that Asia Pacific will witness increasing energy demand, benefitting the market. In North America, the numerous regulatory policies conducted by the American Rental Association (ARA), in addition to growing end-user applications, have substantially profited the power rental market. There are several industries in Europe that generate energy in order to fulfill demand for the same.

Some key players in the market are Hertz Corporation, Kohler Co., United Rentals, Perennial Technologies Pvt Ltd, Atlas Copco AB, and Energyst. One of the leading companies in the power rental market is Aggreko. It has been dominating the market since 2012 and might continue to do so over the course of the forecast period. Customized products by Aggreko have become quite popular. Another market player, Caterpillar, overtook Aggreko, making its hold stronger in the U.S. In North America, APR Energy leads the market for power rental, efficiently fulfilling the demands of consumers. Growing number of market players, both on a local as well as international level, has led to intense competition.

Table of Contents

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Power Rental Systems: Industry Analysis

3.1 Introduction

3.2 Value chain analysis

3.3 Market Drivers

      3.3.1 Increased grid instability with aging conventional grids

      3.3.2 Growing alternating power spikes and rising number of events, augmenting the market

      3.3.3 Growing awareness towards curtailing energy demand during peak hours

3.4 Market Restraints

      3.4.1 Rise in environmental concerns and limited product differentiation

3.5 Market Opportunities

      3.5.1 Growing applications in off grid areas

3.6 Porter’s five forces analysis

      3.6.1 Bargaining power of suppliers

      3.6.2 Bargaining power of buyers

      3.6.3 Threat from substitutes

      3.6.4 Threat of new entrants

      3.6.5 Degree of competition

3.7 Market attractiveness analysis of power rental systems market, by end-use segment, 2012

3.8 Company market share analysis

      3.8.1 Power rental systems company market share analysis, 2012

 

Chapter 4 Power Rental Systems - End-Use Analysis

4.1 Power rental systems market: End-use overview

      4.1.1 Global power rental systems installation market, revenue share by end-use segment, 2012 - 2019

4.2 Government and utilities

      4.2.1 Global government and utilities end-use market estimates and forecast, 2012 – 2019 (USD Million)

4.3 Oil, gas and mining

      4.3.1 Global oil, gas and mining end-use market estimates and forecast, 2012 – 2019 (USD Million)

4.4 Construction

      4.4.1 Global construction end-use market estimates and forecast, 2012 – 2019 (USD Million)

4.5 Industrial

      4.5.1 Global industrial end-use market estimates and forecast, 2012 – 2019 (USD Million)

4.6 Events

      4.6.1 Global events end-use market estimates and forecast, 2012 – 2019 (USD Million)

4.7 Others (Residential and telecommunications, off grid areas and data centers)

      4.7.1 Global others end-use market estimates and forecast, 2012 – 2019 (USD Million)

 

Chapter 5 Power Rental Systems - Application Analysis

5.1 Power rental systems market: Application overview

      5.1.1 Global power rental systems installation market, revenue share by application segment, 2012 and 2019

5.2 Peak shaving

      5.2.1 Global peak shaving application market estimates and forecast, 2012 – 2019 (USD Million)

5.3 Continuous power

      5.3.1 Global continuous power application market estimates and forecast, 2012 – 2019 (USD Million)

5.4 Standby

      5.4.1 Global standby application market estimates and forecast, 2012 – 2019 (USD Million)

 

Chapter 6 Power Rental Systems - Regional Analysis

6.1 Power rental systems market: Geographic overview

      6.1.1 Global power rental systems installation market, revenue share by geography, 2012 - 2019

6.2 North America

      6.2.1 North America power rental systems market estimates and forecast, 2012 – 2019 (USD Million)

      6.2.2 North America power rental systems market estimate and forecast, by end-use segment, 2012 – 2019, (USD Million)

      6.2.3 North America power rental systems market estimate and forecast, by application segment, 2012 – 2019, (USD Million)

6.3 Europe

      6.3.1 Europe power rental systems market estimates and forecast, 2012 – 2019 (USD Million)

      6.3.2 Europe power rental systems market estimate and forecast, by end-use segment, 2012 – 2019, (USD Million)

      6.3.3 Europe power rental systems market estimate and forecast, by application segment, 2012 – 2019, (USD Million)

6.4 Asia Pacific

      6.4.1 Asia Pacific power rental systems market estimates and forecast, 2012 – 2019 (USD Million)

      6.4.2 Asia Pacific power rental systems installation market estimate and forecast, by end-use segment, 2012 – 2019, (USD Million)

      6.4.3 Asia Pacific power rental systems installation market estimate and forecast, by application segment, 2012 – 2019, (USD Million)

6.5 The Middle East and Africa (MEA)

      6.5.1 MEA power rental systems market estimates and forecast, 2012 – 2019 (USD Million)

      6.5.2 MEA power rental systems installation market estimate and forecast, by end-use segment, 2012 – 2019, (USD Million)

      6.5.3 MEA power rental systems installation market estimate and forecast, by application segment, 2012 – 2019, (USD Million)

6.6 Latin America

      6.6.1 Latin America power rental systems market estimates and forecast, 2012 – 2019 (USD Million)

      6.6.2 Latin America power rental systems installation market estimate and forecast, by end-use segment, 2012 – 2019, (USD Million)

      6.6.3 Latin America power rental systems installation market estimate and forecast, by application segment, 2012 – 2019, (USD Million)

 

Chapter 7 Company Profiles

7.1 Ashtead Group, PLC

      7.1.1 Company overview

      7.1.2 Financial overview

      7.1.3 Business strategy

      7.1.4 SWOT analysis

      7.1.5 Recent developments

7.2 Atlas Copco AB

      7.2.1 Company overview

      7.2.2 Product portfolio

      7.2.3 Financial overview

      7.2.4 Business strategy

      7.2.5 SWOT analysis

      7.2.6 Recent developments

7.3 Aggreko PLC

      7.3.1 Company overview

      7.3.2 Product portfolio

      7.3.3 Financial overview

      7.3.4 Business strategy

7.4 APR Energy

      7.4.1 Company overview

      7.4.2 Product portfolio

      7.4.3 Financial overview

      7.4.4 Business strategy

      7.4.5 SWOT analysis

      7.4.6 Recent developments

7.5 Bredenoord Exploitatiemij B.V.

      7.5.1 Company overview

      7.5.2 Product portfolio

      7.5.3 Business strategy

      7.5.4 SWOT analysis

      7.5.5 Recent developments

7.6 Caterpillar, Inc.

      7.6.1 Company overview

      7.6.2 Product portfolio

      7.6.3 Business strategy

      7.6.4 SWOT analysis

      7.6.5 Recent developments

7.7 Cummins, Inc.

      7.7.1 Company overview

      7.7.2 Product portfolio

      7.7.3 Business strategy

      7.7.4 SWOT analysis

      7.7.5 Recent developments

7.8 Energy International Inc, (IE)

      7.8.1 Company overview

      7.8.2 Business strategy

      7.8.3 SWOT analysis

      7.8.4 Recent developments

7.9 Hertz Corporation

      7.9.1 Company overview

      7.9.2 Product portfolio

      7.9.3 Financial overview

      7.9.4 Business strategy

      7.9.5 SWOT analysis

      7.9.6 Recent developments

7.10 Kohler. Co

      7.10.1 Company overview

      7.10.2 Product portfolio

      7.10.3 Business strategy

      7.10.4 SWOT analysis

      7.10.5 Recent developments

7.11 Perennial Technologies Private Ltd

      7.11.1 Company overview

      7.11.2 Product portfolio

      7.11.3 Business strategy

      7.11.4 SWOT analysis

      7.11.5 Recent developments

7.12 Power Electrics (Bristol) LIMITED

      7.12.1 Company overview

      7.12.2 Product portfolio

      7.12.3 Business strategy

      7.12.4 SWOT analysis

      7.12.5 Recent developments

7.13 Rental Solutions & Services (RSS)

      7.13.1 Company overview

      7.13.2 Product portfolio

      7.13.3 Business strategy

      7.13.4 SWOT analysis

      7.13.5 Recent developments

7.14 Rental Power Solutions

      7.14.1 Company overview

      7.14.2 Product portfolio

      7.14.3 Business strategy

      7.14.4 SWOT analysis

7.15 Speedy Hire Plc

      7.15.1 Company overview

      7.15.2 Product portfolio

      7.15.3 Financial overview

      7.15.4 Business strategy

      7.15.5 SWOT analysis

      7.15.6 Recent developments

7.16 United Rentals

      7.16.1 Company overview

      7.16.2 Product Portfolio

      7.16.3 Business strategy

      7.16.4 SWOT analysis

      7.16.5 Recent developments

7.17 Worldwide Power Products LLC

      7.17.1 Company overview

      7.17.2 Product portfolio

      7.17.3 Business strategy

      7.17.4 SWOT analysis

      7.17.5 Recent developments

List of Figures 

 

FIG. 1 Power Rental Systems: Market segmentation

FIG. 2 Global power rental systems market revenue, 2012 – 2019 (USD Million)

FIG. 3 Value chain analysis of power rental system

FIG. 4 Global electricity consumption, 2010 – 2019, TW

FIG. 5 Porter’s five forces analysis

FIG. 6 Market attractiveness analysis of power rental systems market, by end-use segment, 2012

FIG. 7 Company market share of power rental systems market, 2012

FIG. 8 Global power rental systems installation market, revenue share by end-use segment, 2012 and 2019

FIG. 9 Global government and utilities end-use market revenue, 2012 – 2019 (USD Million)

FIG. 10 Global oil, gas and mining end-use market revenue, 2012 – 2019 (USD Million)

FIG. 11 Global construction end-use market revenue, 2012 – 2019 (USD Million)

FIG. 12 Global industrial end-use market revenue, 2012 – 2019 (USD Million)

FIG. 13 Global events end-use market revenue, 2012 – 2019 (USD Million)

FIG. 14 Global others end-use market revenue, 2012 – 2019 (USD Million)

FIG. 15 Global power rental systems installation market, revenue share by application segment, 2012 and 2019

FIG. 16 Global peak shaving application market revenue, 2012 – 2019 (USD Million)

FIG. 17 Global continuous power application market revenue, 2012 – 2019 (USD Million)

FIG. 18 Global standby application market revenue, 2012 – 2019 (USD Million)

FIG. 19 Global power rental systems installation market, revenue share, by geography, 2012 and 2019

FIG. 20 North America power rental market revenue, 2012 – 2019 (USD Million)

FIG. 21 Europe power rental market revenue, 2012 – 2019 (USD Million)

FIG. 22 Asia Pacific power rental market revenue, 2012 – 2019 (USD Million)

FIG. 23 MEA power rental market, 2012 – 2019 (USD Million)

FIG. 24 Latin America power rental market revenue, 2012 – 2019 (USD Million)

List of Tables

 

TABLE 1 Global Power Rental Systems Market: Snapshot

TABLE 2 Drivers of global power rental systems market: Impact analysis

TABLE 3 Restraints of power rental systems market: Impact analysis

TABLE 4 North America power rental systems market revenue and forecast, by end user segment, 2011 - 2018 (USD Million) 

TABLE 5 North America power rental systems market revenue and forecast, by application segment, 2012 - 2019 (USD Million) 

TABLE 6 Europe  power rental systems market revenue and forecast, by end user segment, 2011 - 2018 (USD Million) 

TABLE 7 Europe  power rental systems market revenue and forecast, by application segment, 2012 - 2019 (USD Million) 

TABLE 8 Asia Pacific power rental systems market revenue and forecast, by end user segment, 2011 - 2018 (USD Million) 

TABLE 9 Asia Pacific  power rental systems market revenue and forecast, by application segment, 2012 - 2019 (USD Million) 

TABLE 10 MEA power rental systems market revenue and forecast, by end user segment, 2011 - 2018 (USD Million) 

TABLE 11 MEA  power rental systems market revenue and forecast, by application segment, 2012 - 2019 (USD Million) 

TABLE 12 Latin America power rental systems market revenue and forecast, by end user segment, 2011 - 2018 (USD Million) 

TABLE 13 Latin America power rental systems market revenue and forecast, by application segment, 2012 - 2019 (USD Million) 

Power rental systems are beneficial during power blackout/outages in order to keep the production process uninterrupted. Reliable power solutions minimize the idle time in production due to ad hoc power failures. Global electricity demand is expected to double by 2030 at an annual rate of 2.4% as per IAEA (International Atomic Energy Agency). Growing economies and population are driving the electricity demand which in turn are expected to push the overall power rental market over the forecast period. Power rental units act as a supplementary source which provides backup to power grids. Power rental units acts as a supplementary source which provides a backup to power grids. The power blackout made news in Europe and North America that nearly halted most of the industrial production. However, power rental solutions were to the rescue under such critical situation. Ageing power plants accompanied with outages are expected to bolster the power rental systems market. Increased events, fairs and festivals require substantial power which relies on power rental systems.

 

Peak shaving, continuous power supplies are some of the prominent applications discussed in this study that are driving power rental market. Power rental units find growing number of applications in government and petroleum industry that is likely to bolster power rental market growth over the coming couple of years. The Middle East and Africa accompanied by Asia Pacific are some of the regions actively dealing in oil extraction activities. Furthermore, these regions are witnessing rapid growth in construction industry. These factors are likely to attribute towards the growth of power rental product’s demand, thereby fuelling power rental market growth in respective regions.

 

This research study analyzes the market size of power rental systems, in terms of revenue. The power rental market has been segmented on the basis of application, end use and geography, in order to provide a holistic picture of the market. The report analyzes the rise in power demand owing to power shortages and penalty on extra power usage during peak hours. Market data for all segments has been provided on a regional level for the period 2012 to 2019. A comprehensive competitive landscape including company market share analysis has also been provided in this report.

 

Key applications analyzed in the report include peak shaving, continuous power and standby systems. The report gives a brief idea of the ongoing trends in the power rental market accompanied by the justification explaining which application segment is likely to excel over the forecast period. Power rental systems end user market segments estimated in this study include government and utilities, oil, gas and mining, construction, industrial, events. Power rental systems have substantial demand in several end use industries, which are also evaluated in this research study. Regional data has been provided for North America, Europe, Asia Pacific, and Rest of the World (RoW). It also provides detailed analysis, historical data, and statistically refined forecast for the segments covered. Regional analysis in this study describes the behavior of different end use industries owing to shortage of power supply. 

 

This report also includes Porter’s five forces model analysis, value chain analysis, and market attractiveness analysis by technology. Some of the key market participants that deal in power rental systems market include Aggreko plc, APR Energy LLC, Atlas Copco AB, and Energyst CAT Rental Power. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments.

 

The research provides detailed analysis of companies dealing in power rental systems, trend analysis and demand forecast by geography. The value chain for power rental systems study encompasses all the stages of setting up the systems and its applications. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the power rental market as below:

  • Power Rental Market: Application Analysis

    • Peak Shaving
    • Continuous Power
    • Standby
  • Power Rental Systems Market: End User Analysis

    • Government and Utilities
    • Oil, Gas and Mining
    • Construction
    • Industrial
    • Events
  • Power Rental Market: Regional Analysis

    • North America
    • Europe
    • Asia-Pacific
    • Rest of World (RoW)


 
 
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