Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Fuel Type (Diesel, Natural Gas), By Equipment (Generators, Transformers, Load Banks), By Power Rating (Up to 50 kW, 51–500 kW, 501-2500 kW, Above 2500 kW), By Application (Standby power, Peak shaving, Base load/ continuous power), By End User (Utilities, Oil & gas, Construction, Manufacturing, Metal & Mining, IT and Data centres, Corporate & Retail) And Competitive Landscape
Product Code: ETC4611892 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Power Rental Market |
Forecast period | 2024-2030 |
CAGR | 7% |
Growing Sector | Infrastructure |
Europe Power Rental Market report thoroughly covers the market by countries, type, KVA rating and end-user. 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 demand for dependable power sources is rising across a number of industries, including emergency response, construction, and events. As a result, the Europe Power Rental Market has experienced notable expansion. Businesses are choosing more and more flexible and scalable energy-efficient renting options with a focus on sustainability and lower carbon emissions. Technological developments in generator designs and the growing demand for a steady supply of electricity, especially in areas with unstable energy supplies, are the other factors driving this industry. In general, Europe's power renting market is changing quickly, which offers service providers a lot of options.
According to 6Wresearch, Europe Power Rental Market size is expected to grow at a significant CAGR of approximately 7% during 2024-2030. During this period, driven by the growing adoption of rental solutions across various sectors. The rising frequency of natural disasters, which raises the need for backup power systems, and the ongoing development of technologies like smart grid solutions and the integration of renewable energy are some of the factors driving this rise. The market is anticipated to grow rapidly as sectors look for more resilient power options, highlighting its critical position in Europe's energy ecology.
Moreover, there is a growing trend in Europe towards green power renting choices due to growing worries about climate change and the need for sustainable energy solutions. Initiatives like the European Green Deal, which seeks to make Europe carbon neutral by 2050, are to blame for this change. In order to offer better energy options, power rental firms are consequently making larger investments in ecologically friendly technology like biofuels and hybrid generators.
Despite with the encouraging development potential, there are a number of obstacles facing the Europe Power Rental Market. These include changes in the price of fuel, which can have an effect on operating expenses, and strict emission rules that require constant investments in compliance. Furthermore, rental companies may face pressure to continuously innovate in order to maintain market share due to the growing competition from alternative energy sources.
Some significant companies that are operating in the market and continuously contributing to its success are Aggreko, Caterpillar Inc., Hertz Equipment Rental Corporation, United Rentals, Generation Power, and A-Plant are key players shaping the industry landscape. These companies will probably have a significant impact on how Europe's power rental market develops in the future as demand for renewable energy solutions rises.
Government regulations have a big impact on the European power rental market, especially when it comes to safety and environmental restrictions. In order to comply with emission standards and lower carbon footprints, rental firms must invest in greener technology such as biofuel and hybrid generators. Regulations pertaining to noise pollution also affect the design of equipment, therefore quieter generator solutions are required for urban applications. Adherence guarantees adherence to the law and bolsters one's standing with eco-conscious clientele. Regulations encourage innovation and environmentally friendly behaviour as they change.
Emerging technologies and tendencies towards digitalisation are expected to bring about changes in the Europe Power Rental Market. Smart generators will provide real-time data on performance and fuel usage, and IoT connection will boost efficiency and monitoring capabilities. Hybrid power systems, which combine conventional generator configurations with solar and wind technologies to ensure a sustainable power supply and lower carbon emissions, will be made possible by renewable energy sources.
In addition, The European power rental market is expected to grow due to increased demand for temporary power during events and emergencies. Businesses will expand their services to cater to specific customer needs, giving them a competitive edge. Future developments will be influenced by investments in eco-friendly solutions and adherence to legislation, highlighting the market's creativity, flexibility, and commitment to sustainable energy methods.
According to Dhaval, Research Manager, 6Wresearch, Fuel type is used to categorise the Europe Power Rental Market; natural gas and diesel are the main alternatives. Because of their dependability and effectiveness, diesel generators are preferred for use in industrial, construction, and event settings. However, a move towards greener options is being prompted by regulatory restrictions and environmental concerns. While they produce fewer emissions and adhere to environmental standards, natural gas generators are becoming more and more popular, especially in metropolitan areas. The growing need for sustainable energy solutions is anticipated to drive an expansion in the utilisation of natural gas due to technological and infrastructural advances.
The Europe Power Rental Market is divided into four main groups based on power rating: up to 50 kW, 51–500 kW, 501-2500 kW, and above 2500 kW. Up to 50 kW generators are suitable for small-scale applications like residential use and construction. The 51–500 kW range caters to medium-scale applications like large events and industrial operations. The 501-2500 kW range is suitable for heavy-duty applications like construction and entertainment. Above 2500 kW generators are essential for large-scale operations, utility sectors, and critical infrastructure projects. In the Europe Power Rental Market, the 51-500 kW power rating segment is currently experiencing significant growth.
The end-users that comprise the utilities, oil and gas, manufacturing, metal and mining, corporate and retail, IT and data centres, and construction are the segments that make up the Europe Power Rental Market. Generators are necessary for maintenance, emergency backup, and periods of high demand for utility companies. The oil and gas industry uses temporary electricity for processing, extraction, and exploration. Generators are used in construction to provide short-term energy needs, and energy needs are managed by manufacturers at moments of peak production. Power is needed for heavy machinery and continuous processing in the metal and mining industries. In the event of a grid outage, the data centre and IT industries depend on generators for backup power.
The power rental market in the UK, France, Italy, Russia, Spain, and Rest of Europe is influenced by events, construction, infrastructure projects, sustainability, remote operational requirements, renewable energy sources, retail, entertainment, and emergency management sectors. The need for temporary power solutions is fuelled by France's varied economy, which includes the energy, aerospace, and agricultural sectors. The need for additional power sources is driven by the building sector in Italy and seasonal swings in demand during peak travel seasons. Russia's market is further impacted by its large geographic area and remote operational needs.
The Europe Power Rental Market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Power Rental Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Power Rental Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Power Rental Market - Industry Life Cycle |
3.4 Europe Power Rental Market - Porter's Five Forces |
3.5 Europe Power Rental Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Power Rental Market Revenues & Volume Share, By Fuel Type, 2020 & 2030F |
3.7 Europe Power Rental Market Revenues & Volume Share, By Equipment, 2020 & 2030F |
3.8 Europe Power Rental Market Revenues & Volume Share, By Power Rating, 2020 & 2030F |
3.9 Europe Power Rental Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Europe Power Rental Market Revenues & Volume Share, By End User, 2020 & 2030F |
4 Europe Power Rental Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Power Rental Market Trends |
6 Europe Power Rental Market, 2020- 2030 |
6.1 Europe Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
6.2 Europe Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
6.3 Europe Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
6.4 Europe Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
6.5 Europe Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
7 Germany Power Rental Market, 2020 - 2030 |
7.1 Germany Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
7.2 Germany Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
7.3 Germany Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
7.4 Germany Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
7.5 Germany Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
8 United Kingdom Power Rental Market, 2020- 2030 |
8.1 United Kingdom Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
8.2 United Kingdom Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
8.3 United Kingdom Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
8.4 United Kingdom Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
8.5 United Kingdom Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
9 France Power Rental Market, 2020- 2030 |
9.1 France Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
9.2 France Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
9.3 France Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
9.4 France Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
9.5 France Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
10 Italy Power Rental Market, 2020- 2030 |
10.1 Italy Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
10.2 Italy Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
10.3 Italy Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
10.4 Italy Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
10.5 Italy Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
11 Russia Power Rental Market, 2019 - 2029 |
11.1 Russia Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
11.2 Russia Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
11.3 Russia Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
11.4 Russia Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
11.5 Russia Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
12 Spain Power Rental Market, 2020- 2030 |
12.1 Spain Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
12.2 Spain Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
12.3 Spain Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
12.4 Spain Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
12.5 Spain Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
13 Rest of Europe Power Rental Market, 2020- 2030 |
13.1 Rest of Europe Power Rental Market, Revenues & Volume, By Fuel Type, 2020- 2030 |
13.2 Rest of Europe Power Rental Market, Revenues & Volume, By Equipment, 2020- 2030 |
13.3 Rest of Europe Power Rental Market, Revenues & Volume, By Power Rating, 2020- 2030 |
13.4 Rest of Europe Power Rental Market, Revenues & Volume, By Application, 2020- 2030 |
13.5 Rest of Europe Power Rental Market, Revenues & Volume, By End User, 2020- 2030 |
14 Europe Power Rental Market Key Performance Indicators |
15 Europe Power Rental Market - Opportunity Assessment |
15.1 Europe Power Rental Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Power Rental Market Opportunity Assessment, By Fuel Type, 2020 & 2030F |
15.3 Europe Power Rental Market Opportunity Assessment, By Equipment, 2020 & 2030F |
15.4 Europe Power Rental Market Opportunity Assessment, By Power Rating, 2020 & 2030F |
15.5 Europe Power Rental Market Opportunity Assessment, By Application, 2020 & 2030F |
15.6 Europe Power Rental Market Opportunity Assessment, By End User, 2020 & 2030F |
16 Europe Power Rental Market - Competitive Landscape |
16.1 Europe Power Rental Market Revenue Share, By Companies, 2023 |
16.2 Europe Power Rental Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Fuel Type (Diesel, Natural Gas), By Equipment (Generators, Transformers, Load Banks), By Power Rating (Up to 50 kW, 51–500 kW, 501-2500 kW, Above 2500 kW), By Application (Standby power, Peak shaving, Base load/ continuous power), By End User (Utilities, Oil & gas, Construction, Manufacturing, Metal & Mining, IT and Data centres, Corporate & Retail) And Competitive Landscape
Product Code: ETC4611892 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
Report Name | Europe Power Rental Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 5.8% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Fuel Type, By Equipment, By Power Rating, By Application, By End User |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
Europe Power Rental Market report thoroughly covers the market by country, fuel type, equipment, power rating, application, and end user. 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.
Europe Power Rental Market has attained significant growth and the market is projected to accomplish a major rise during the forecast period. Some significant factors propelling the market growth are the rise in demand for uninterrupted and reliable power supply, the growing requirement for backup power solutions, and the rising focus on environmental and sustainability concerns.
According to 6Wresearch, the Europe Power Rental Market size is likely to grow at a CAGR of 5.8% during the forecast period 2023-2029. The Europe Power Rental Industry is witnessing a number of driving factors contributing to its progress. Firstly, the rise in demand for reliable and uninterrupted power supply across many sectors and industries, including manufacturing, construction, events, as well as utilities, is a major driver. Power rentals provide a quick and flexible solution during planned maintenance, emergencies, or temporary events. In addition, the rising requirement for backup power solutions on the back of frequent weather-related disruptions and natural calamities amplifies the demand for power rental services and this trend is particularly essential in regions susceptible to extreme weather conditions, where businesses and infrastructure need consistent temporary power sources.
Furthermore, the rising focus on sustainability and the environment has led to the adoption of cleaner as well as more efficient power solutions. Power rental players are increasingly offering eco-friendly options such as hybrid generators and gas-powered units. The market is also coming across some challenges including the volatility in fuel prices, regulatory complexities and compliance with evolving environmental standards, and competition from alternative energy sources as well as technologies.
Some of the most prominent players that are running in this market include:
Governments in Europe enforce stringent regulations aimed at decreasing emissions and promoting cleaner energy sources. This includes directives linked to exhaust emissions, noise pollution, as well as the use of eco-friendly technologies in power generation. Governments across the region set forth regulations related to safety standards in power generation and distribution. These regulations in the market cover equipment safety, installation guidelines, and operational procedures with the purpose of preventing accidents and ensuring the well-being of workers and the public. European nations often have energy efficiency regulations and targets in place. These regulations motivate the use of efficient equipment, endorse energy conservation practices, as well as incentivize the adoption of renewable energy sources. These regulations have been aiding in Europe Power Rental Market Growth.
According to Dhaval, Research Manager, 6Wresearch, the Natural Gas segment by fuel type has been undergoing significant growth. Factors such as the availability of natural gas infrastructure and environmental concerns contribute to its rising adoption for power rental purposes.
By equipment, generators attained significant growth in the market and it will continue to remain the dominant segment in the future. Generators have a crucial role to play in offering temporary power solutions, and they are witnessing prominent growth in demand.
The report provides a detailed analysis of the following market segments: