Market Forecast By Types (Diesel Genset Rental, Gas Genset Rental), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA, Above 1000 KVA), Gas Genset (Below 100 KVA, 100.1-375 KVA, 375.1-1000 KVA, Above 1000 KVA)), By Applications (Standby Genset Rental, Prime/ Continuous Genset Rental), By Prime Applications (Peak Load, Base Load), By Verticals (Utilities, Oil & Gas, Construction, Manufacturing, Quarrying & Mining, Commercial, Others (Agriculture, Municipal Work, And Events)) And Competitive Landscape
Product Code: ETC150374 | Publication Date: Jan 2025 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 12 | No. of Tables: 4 | |
Report Name | Australia Genset Rental Market |
CAGR | 6.5% |
Growing Sector | Renewable Energy |
Forecast Period | 2025-2031 |
The Australia Genset Rental Market report thoroughly covers the market by Type, by KVA rating, by application, by verticals and by prime application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia genset rental market is experiencing steady growth, driven by increasing demand across various industries such as mining, construction, and events. A genset, or generator set, is crucial for providing temporary power solutions in locations where grid power is unavailable or unreliable. In Australia, the mining sector is a significant contributor to market demand, as operations often require reliable and continuous power in remote areas. Additionally, construction activities in urban and rural areas demand portable power solutions to maintain productivity. The market is also influenced by the growing event industry, which relies on gensets to power concerts, festivals, and outdoor events. As the nation continues to invest in infrastructure and development projects, the need for flexible and dependable power supply solutions is expected to drive further growth in the genset rental market.
According to 6Wresearch, Australia Genset Rental Market size is projected to witness a CAGR of 6.5% during the forecast period of 2025-2031. the increasing demand for backup power solutions due to the frequent occurrences of natural disasters and power outages. In addition, the expansion of construction projects and infrastructural development across the country has bolstered the need for reliable power sources, thus expanding the genset rental market. Moreover, the mining industry in Australia, known for its remote operations, relies heavily on gensets to power essential machinery and equipment.
The stringent government regulations regarding emissions and environmental compliance, which can increase operational costs for rental companies. Additionally, the fluctuating raw material prices for genset components can lead to unpredictability in pricing strategies. Another challenge is the rising competition from alternative energy sources, such as solar and wind power, which are becoming increasingly viable and cost-effective. Despite these challenges, the Australian genset rental market is poised for continued growth, adapting to new regulations and technological advancements to meet customers' evolving needs.
The Australia genset rental market is characterized by the presence of several leading players who cater to diverse industry needs. Among the top companies are Aggreko, a global leader known for its extensive fleet and innovative power solutions; Kennards Hire, which offers a comprehensive range of rental equipment tailored for both commercial and residential projects; and Cummins Australia, which provides reliable genset options with cutting-edge technology. These companies, along with others like Coates Hire and Atlas Copco, drive the market by delivering sustainable and efficient energy solutions, responding swiftly to the growing demand across sectors such as mining, construction, and events. Their competitive strategies include expanding service networks, investing in cleaner technologies, and enhancing customer experience through value-added services.
The Australian genset rental market has been experiencing a significant boost due to various government initiatives aimed at supporting infrastructure development and ensuring reliable power supply across the country. The government has been investing in large-scale infrastructure projects, which require temporary power solutions to support construction and operation. Furthermore, efforts to enhance renewable energy integration often necessitate backup power during transitions, propelling the demand for genset rentals. Notably, several state-led programs and incentives for disaster preparedness and emergency response have underscored the importance of genset rentals as reliable power sources during critical situations. These initiatives not only help stabilize the energy grid but also drive the overall growth of the genset rental market in Australia.
The future of the genset rental market in Australia looks promising, driven by technological advancements and increased demand across various sectors. With the growing emphasis on sustainable energy solutions, companies are likely to invest in environmentally friendly generator sets that offer higher efficiency and lower emissions. This shift toward greener technology will not only help reduce the carbon footprint but also align with Australia’s commitment to cleaner energy initiatives. Additionally, the construction, mining, and events industries continue to drive the demand for versatile and reliable power solutions, ensuring a steady growth trajectory for the genset rental market. The integration of digital and IoT technologies will enable remote monitoring and management of gensets, enhancing operational efficiency and reliability. As these innovations unfold, the genset rental market in Australia is poised to adapt to evolving energy demands while supporting economic growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the diesel genset rental market in Australia is experiencing significant growth, driven by the demand for reliable and efficient power solutions across various sectors. Industries such as construction, mining, and events frequently require robust power sources in locations where access to the grid may be limited or unreliable. Renting diesel generators provides companies with the flexibility to manage short-term or project-specific energy needs without the commitment of purchasing equipment outright. Additionally, the availability of gensets in a range of capacities allows businesses to select models that precisely match their power requirements, ensuring cost-effectiveness and efficiency.
In the Australian genset rental market, diesel generators with capacities above 1000 KVA are particularly sought after for large-scale operations requiring substantial power output. These high-capacity gensets are critical in supporting industrial applications such as large construction projects, significant mining operations, and extensive public events where energy demands are heightened. The advantage of such powerful generators is their ability to deliver a stable and continuous power supply, essential for operations where any interruption could lead to substantial financial and operational setbacks. Companies often turn to these high-capacity genset rentals as a cost-effective solution, enabling them to access the latest in generator technology without the financial burden of ownership.
Prime gensets are designed for regular, consistent power needs, making them ideal for applications where utility power is unreliable or not available. They are capable of operating for extended periods at varying load levels, often seen in remote mining sites or in off-grid projects. In contrast, continuous gensets are intended to provide a constant power supply at a fixed load, common in settings where an uninterruptible power source is critical, such as data centers or critical healthcare facilities. These gensets ensure uninterrupted operations with efficient fuel consumption, catering to the power needs of industries that demand reliable and constant energy. Both types of genset rentals offer businesses the flexibility to scale their power solutions according to operational demands, ensuring efficiency and cost-effectiveness without the need for large capital investments.
In the Australian genset rental market, base load gensets play a crucial role in providing steady and reliable power for applications that require a consistent supply. Base load generators are typically employed in scenarios where there is a constant demand for power over long periods, such as in industrial manufacturing, large-scale infrastructure projects, or regional townships. Their functionality ensures seamless operation, mitigating the risk of power interruptions that could disrupt business activities. These gensets are designed to run continuously at or near their rated capacity, thereby ensuring maximum efficiency. As industries continue to prioritize sustainability and cost-effectiveness, base load generators also feature innovative technology aimed at reducing emissions and optimizing fuel consumption.
The quarrying and mining sector in Australia significantly benefits from the genset rental market due to its demanding power requirements and remote locations. Genset rentals offer a practical solution for these industries, providing robust and adaptable power sources that are crucial for operations such as extracting, crushing, and transporting raw materials. In environments where access to grid power is challenging or non-existent, rental gensets ensure that mining and quarrying operations can function efficiently without interruption. The versatility of genset rentals allows for customized power solutions, accommodating the fluctuating energy needs of different phases of mining projects. Additionally, with technological advancements, these gensets are becoming more efficient and environmentally friendly, aligning with the industry's increasing focus on sustainable practices.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Australia Genset Rental Market Overview |
3.1 Australia Genset Rental Market Revenues, 2021-2031F |
3.2 Australia Genset Rental Market Industry Life Cycle |
3.3 Australia Genset Rental Market Porter’s Five Forces Model |
3.4 Australia Genset Rental Market Ecosystem |
3.5 Australia Genset Rental Market Revenue Share, By Types, 2021 & 2031F |
3.6 Australia Genset Rental Market Revenue Share, By Applications, 2021 & 2031F |
4. Australia Genset Rental Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Australia Genset Rental Market Trends |
6. Australia Genset Rental Market Overview |
6.1 Australia Genset Rental Market Revenues |
6.2 Australia Genset Rental Market Revenue Share and Revenues, By Types |
6.3 Australia Genset Rental Market Revenue Share and Revenues, By Applications |
7. Australia Genset Rental Market Opportunity Assessment |
7.1 Australia Genset Rental Market Opportunity Assessment, 2031F |
8. Australia Genset Rental Market Competitive Landscape |
8.1 Australia Genset Rental Market Revenue Share, By Company, 2021 |
8.2 Australia Genset Rental Market Competitive Benchmarking, 2021 |
8.3 Australia Genset Rental Market Competitive Benchmarking, on Technical Parameters |
9. Company Profiles |
9.1 Aggreko PLC |
9.2 Atlas Copco |
9.3 Caterpillar Inc. |
9.4 Cummins Inc. |
9.5 Aksa Power Generation |
9.6 Teksan |
9.7 APR Energy |
9.8 Himoinsa S.L. |
9.9 United Rentals Inc. |
9.10 AGCO Corporation |
10. Key Strategic Recommendations |
11. Disclaimer |
Market Forecast By Types (Diesel Genset Rental, Gas Genset Rental), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA, Above 1000 KVA), Gas Genset (Below 100 KVA, 100.1-375 KVA, 375.1-1000 KVA, Above 1000 KVA)), By Applications (Standby Genset Rental, Prime/ Continuous Genset Rental), By Prime Applications (Peak Load, Base Load), By Verticals (Utilities, Oil & Gas, Construction, Manufacturing, Quarrying & Mining, Commercial, Others (Agriculture, Municipal Work, And Events)) And Competitive Landscape
Product Code: ETC150374 | Publication Date: Feb 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 12 | No. of Tables: 4 |
Australia Genset Rental Market report comprehensively covers the market by Types, KVA ratings, Applications, Prime Applications, and Verticals. The Australia Genset Rental market outlook report provides an unbiased and detailed analysis of the Australia Genset Rental market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
As a result of huge investment in the mining sector and oil & gas exploration activities in the country, the Australia genset rental market revenues witnessed significant growth during the past years. The demand for rental gensets is anticipated to witness a decline during the year 2020, owing to market slowdown as an impact of curtailment measures imposed in the country to prevent community spread of coronavirus outbreaks. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.
According to 6Wresearch, Australia Genset Rental Market size is expected to grow at a CAGR of 11.1% during 2020-2026. The genset rental market revenues in Australia are anticipated to show strong growth during the forecast period as a result of government policies to support economic development and growing investments in tourism and construction sectors.
In terms of Genset rental types, Lower operational costs, higher fuel efficiency, and high energy output associated with diesel generators make them preferable over gas Genset. Thus, diesel gensets garnered the majority of revenues in genset rental market in Australia and the same trend is anticipated to continue over the coming years as well.
The report provides a detailed analysis of the following market segments: