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: ETC160018 | Publication Date: Jan 2025 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Turkey Genset Rental Market |
CAGR | 8% |
Growing Sector | Telecommunications |
Forecast Period | 2025-2031 |
The Turkey 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 Turkey genset rental market has shown significant growth in recent years, driven by an increasing demand for uninterrupted power supply across various sectors. The rapid industrialization, coupled with infrastructural development, has amplified the need for reliable and temporary power solutions. Genset rentals offer a flexible and cost-effective alternative to purchasing, especially for short-term projects and emergencies. Factors such as fluctuating power rates, an unreliable grid in certain areas, and a rise in construction activities have further propelled the market. Additionally, the option to rent versatile and scalable power units appeals to businesses ranging from small enterprises to large industrial players, highlighting the market's adaptability to meet diverse energy requirements across Turkey.
According to 6Wresearch, Turkey Genset Rental Market size is projected to witness a CAGR of 8% during the forecast period of 2025-2031. The genset rental market in Turkey is primarily driven by rapid industrialization and urbanization, which have significantly increased the demand for reliable power solutions. The country's growing construction industry also supports this demand, as gensets provide essential backup power during projects, ensuring uninterrupted operations. Additionally, the increasing occurrence of power outages has prompted businesses to seek temporary power alternatives, further boosting the genset rental sector.
One major obstacle is the volatility of fuel prices, which can affect the cost-effectiveness of genset rentals. Furthermore, stringent environmental regulations require companies to adopt cleaner technologies, which may necessitate additional investments in newer, more efficient equipment. Moreover, intensified competition among suppliers can lead to pricing pressures, and the entry of global players into the market elevates the need for local companies to innovate and differentiate their offerings to maintain their market share.
The genset rental market in Turkey is witnessing significant growth, driven by increasing demand across various sectors including construction, mining, and events. Leading players in this market are continually evolving to meet the diverse needs of their customers by offering a range of advanced power solutions. Some of the key players include Aggreko, which is renowned for its extensive fleet of generators and tailored services. Another major player is Energyst, known for its robust solutions and strong customer service focus. Additionally, companies like Rental Power Solutions and Hertz Equipment Rental have made substantial investments to strengthen their presence in the Turkish market, offering competitive pricing and a wide array of gensets suitable for different applications.
The Turkish government has taken several strategic initiatives to bolster the genset rental market. By prioritizing the development of infrastructure and industrial projects, the government has increased the demand for reliable and flexible power solutions. In addition, Turkey's focus on renewable energy sources continues to drive genset rentals as supplementary power to ensure uninterrupted operations. Incentives and subsidies provided by the government to encourage energy efficiency and sustainability have further spurred growth in the genset rental sector. These supportive policies have created a favorable environment for market expansion, allowing companies to meet growing energy demands efficiently.
The future of the genset rental market in Turkey looks promising, driven by several key factors. As the country's industrial and infrastructure projects expand, the demand for reliable power sources continues to grow, positioning genset rentals as a viable solution to meet temporary energy needs. Increasing investments in construction and event management sectors are likely to fuel further growth in this market. Additionally, technological advancements in genset design and efficiency are expected to enhance their appeal, providing more environmentally friendly and fuel-efficient options. Turkey's strategic geographic location also offers potential for cross-border genset rental opportunities, as neighbouring regions experience similar power demands.
According to Ravi Bhandari, Research Head, 6Wresearch, the diesel genset rental market in Turkey is experiencing significant growth, driven by increasing demand for reliable power solutions across various industries. As businesses seek alternative energy solutions, diesel gensets provide a versatile and efficient source of power, particularly in regions facing frequent power outages or in remote locations without access to the main power grid. The rental market offers a flexible solution for companies needing temporary or short-term power support, enabling them to adapt swiftly to their operational needs without the large capital outlay required for purchasing equipment. Additionally, rental services often include maintenance and support, which can simplify logistics and reduce downtime.
In the Turkish genset rental market, diesel gensets with capacities above 1000 KVA have become increasingly vital. These high-capacity units are crucial for large-scale operations, such as those in the construction, manufacturing, and mining industries, where the demand for substantial and uninterrupted power supply is paramount. The versatility of these gensets allows them to be deployed in a variety of environments, supporting both emergency power requirements and planned outages. The rental of high-capacity gensets provides a strategic advantage for businesses, enabling them to scale operations efficiently while mitigating the risks associated with capital investments in power infrastructure.
Prime and continuous genset rentals play a crucial role in the Turkish genset rental market by providing reliable power solutions for various durations and applications. Prime power gensets are designed to operate non-stop at variable loads for an extended period, making them ideal for projects where utility power is unavailable or unreliable. These gensets are particularly significant in sectors like events, remote construction, and agriculture, where consistent and adaptable power supply is essential. On the other hand, continuous power gensets are optimized for supplying a constant load over an indefinite period and are typically utilized in situations that require long-term and steady energy supply, such as remote off-grid operations or industrial plants.
Base load demand in the Turkish genset rental market is driven by the essential need for continuous power supply in sectors that operate around the clock. As industries in Turkey expand and modernize, the importance of stable and reliable power infrastructure grows, making base load gensets a critical component of operations. These gensets are designed to provide a steady power output, ensuring uninterrupted energy supply for essential industrial processes, data centers, and healthcare facilities where power failure is not an option. By incorporating base load gensets into their energy strategies, businesses can maintain consistent production levels and safeguard against the costs and risks of power outages.
The quarrying and mining sectors in Turkey are significant drivers of the country's economic development, demanding reliable and robust power solutions to sustain continuous operations. Given the nature of these industries, which often operate in remote locations with limited access to the national grid, genset rental solutions have become indispensable. The requirement for power in quarries and mines is diverse, ranging from drilling and cutting operations to onsite facilities and lighting. Gensets offer the flexibility to deliver power where it's needed most, ensuring that operations proceed smoothly and without interruption. Rental gensets provide a cost-effective and scalable solution for quarrying and mining businesses, allowing them to adjust power capacity according to project demands.
Turkey Genset Rental Key Strategic Recommendations
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. Turkey Genset Rental Market Overview |
3.1 Turkey Genset Rental Market Revenues, 2021-2031F |
3.2 Turkey Genset Rental Market Industry Life Cycle |
3.3 Turkey Genset Rental Market Porter’s Five Forces Model |
3.4 Turkey Genset Rental Market Ecosystem |
3.5 Turkey Genset Rental Market Revenue Share, By Types, 2021 & 2031F |
3.6 Turkey Genset Rental Market Revenue Share, By Applications, 2021 & 2031F |
4. Turkey Genset Rental Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Turkey Genset Rental Market Trends |
6. Turkey Genset Rental Market Overview |
6.1 Turkey Genset Rental Market Revenues |
6.2 Turkey Genset Rental Market Revenue Share and Revenues, By Types |
6.3 Turkey Genset Rental Market Revenue Share and Revenues, By Applications |
7. Turkey Genset Rental Market - Opportunity Assessment |
7.1 Turkey Genset Rental Market Opportunity Assessment, 2031F |
8. Turkey Genset Rental Market - Competitive Landscape |
8.1 Turkey Genset Rental Market Revenue Share, By Company, 2021 |
8.2 Turkey Genset Rental Market Competitive Benchmarking, 2021 |
8.3 Turkey Genset Rental Market Competitive Benchmarking, on Technical Parameters, 2021 |
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: ETC160018 | Publication Date: Feb 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 12 | No. of Tables: 4 |
Turkey Genset Rental Market report comprehensively covers the market by Types, KVA ratings, Applications, Prime Applications, and Verticals. The Turkey Genset Rental market outlook report provides an unbiased and detailed analysis of the Turkey 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.
The Genset rental market in Turkey has seen negative growth in the past years and is expected to show a severe decline during the current year on account of the coronavirus pandemic. However, the market would regain momentum post-2020 with a reduction in the impact of the COVID-19 pandemic and opening up of the economy and businesses.
According to 6Wresearch, Turkey Genset Rental Market size is expected to grow at a CAGR of 10.6% during 2020-2026. The Turkey Genset rental market is anticipated to show moderate growth with the onset of various projects in the pipeline such as the Southeast Anatolia Project, Istanbul 3rd airport, Sinop nuclear plant, as such largescale projects would generate considerable demand for rental gensets.
In the present scenario, diesel gensets holds the maximum share in the overall Turkey Genset rental market revenues and is expected to maintain its dominance over the coming years as well on account of easy and cheap diesel availability in the country.
The report provides a detailed analysis of the following market segments: