Mobile Power Generation Equipment Rentals Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41621
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The mobile power generation equipment rentals market has the potential to grow by USD 1.64 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.55%.

This mobile power generation equipment rentals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (generator and turbine) and geography (North America, APAC, MEA, Europe, and South America). The mobile power generation equipment rentals market report also offers information on several market vendors, including Aggreko Plc, Ashtead Group Plc, Atlas Copco AB, ATLAS Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Herc Rentals Inc., Siemens AG, and United Rentals Inc. among others.

What will the Mobile Power Generation Equipment Rentals Market Size be in 2021?

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Mobile Power Generation Equipment Rentals Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for emergency power during natural disasters is notably driving the mobile power generation equipment rentals market growth, although factors such as increasing competition from microgrids may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the mobile power generation equipment rentals industry get your FREE report sample now.

  • The increasing demand for emergency power during natural disasters is a significant factor influencing mobile power generation equipment rentals market growth.
  • The rising incidence of natural disasters owing to global warming has been significantly contributing to grid failures, which results in power outages in affected regions.
  • Vendors have capitalized on this scenario and have started providing mobile power generation equipment on rent.
  • During such events, mobile power generation equipment plays a crucial role as backup solutions for continuous power supply, especially to hospitals and safe resort centers. 
  • The growing adoption of mobile power plants for rural electrification is one of the significant mobile power generation equipment rentals market trends, improving the revenue generation of the vendors of the market. 
  • The lack of consistent electricity supply in the rural regions of developing and under-developed nations is prompting governments to take initiatives to electrify such localities.
  • Governments of areas such as Sub-Saharan Africa face challenges associated with policy and regulatory framework and investments, which deter them from setting up new power plants to provide a reliable and affordable power supply.
  • Mobile power generation systems are being considered as alternatives for reliable power supply for short periods. These mobile power generation systems are used on a rental basis.

This mobile power generation equipment rentals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Mobile Power Generation Equipment Rentals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aggreko Plc
  • Ashtead Group Plc
  • Atlas Copco AB
  • ATLAS Corp.
  • Caterpillar Inc.
  • Cummins Inc.
  • Generac Power Systems Inc.
  • Herc Rentals Inc.
  • Siemens AG
  • United Rentals Inc.

 

The mobile power generation equipment rentals market is fragmented and the vendors are deploying growth strategies such as product extensions, technological innovations, and mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the mobile power generation equipment rentals market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Mobile Power Generation Equipment Rentals Market?

Mobile-Power-Generation-Equipment-Rentals-Market-Market-Share-by-Region-2020-2025

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35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile power generation equipment rentals in APAC. Market growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Mobile Power Generation Equipment Rentals Market?

Mobile-Power-Generation-Equipment-Rentals-Market-Market-Share-by-Product-2020-2025

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The mobile power generation equipment rentals market share growth by the generator segment will be significant during the forecast period. The growth of the generator segment can be attributed to increased public infrastructure constructions, the expanding industrial base, the requirement for large volumes of power during events and activities, and power supply to remote and distant areas. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the mobile power generation equipment rentals market size.

 

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What are the Key Factors Covered in this Mobile Power Generation Equipment Rentals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive mobile power generation equipment rentals market growth during the next five years
  • Precise estimation of the mobile power generation equipment rentals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile power generation equipment rentals industry across North America, APAC, MEA, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mobile power generation equipment rentals market vendors

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Mobile Power Generation Equipment Rentals Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.55%

Market growth 2021-2025

$ 1.64 billion

Market structure

Fragmented

YoY growth (%)

3.21

Regional analysis

North America, APAC, MEA, Europe, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Russian Federation, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aggreko Plc, Ashtead Group Plc, Atlas Copco AB, ATLAS Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Herc Rentals Inc., Siemens AG, and United Rentals Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The mobile power generation equipment rentals market growth will increase by $1501.75 million during 2019-2024.
The mobile power generation equipment rentals market is expected to grow at a CAGR of 5.52% during 2019-2024.
Technavio has segmented the mobile power generation equipment rentals market by product (Generator and Turbine) ,application (Transportation, Machinery, Metal fabrication, Consumer goods, and Others) , and geographic (North America, MEA, APAC, Europe, and South America).
Aggreko Plc, APR Energy, Ashtead Group Plc, Atlas Copco AB, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Herc Holdings Inc., Siemens AG, United Rentals Inc. are a few of the key vendors in the mobile power generation equipment rentals market.
APAC will register the highest growth rate of 22.67% among the other regions. Therefore, the mobile power generation equipment rentals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the mobile power generation equipment rentals market growth are:
  • Increasing infrastructural activities
  • Use of biomass as a fuel in boiler
The mobile power generation equipment rentals market vendors should focus on grabbing business opportunities from the generator segment as it accounted for the largest market share in the base year.
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