This study focuses on the overall European power rental market market revenues and forecasts of the United Kingdom (UK), Germany, France, Italy, Spain, Benelux, the Nordics, and the rest of Europe. For purposes of this research, power rental is defined as generator sets rental that run on either gas, diesel, or any other fuel. These generator sets can be set up as transactional power or power projects that utilize fuel for power generation. This study does not include other rental equipment used for compression, cooling, heating, or others. The base year for the study is 2023.
[Published May 2024]
The demand for power rental in Europe is poised to rise, primarily due to the aging infrastructure of power grids, the advantages of renting over owning, and the widening gap between peak electricity demand and the capacity available for dispatch.
The United Kingdom (U.K.) emerged as the leading power rental market in Europe in 2023. The country will continue to lead the market through the forecast period to 2030. The power rental market in France is expected to become the second largest power rental market in Western Europe by 2030, closely followed by Germany and Benelux.
This study aims to provide a detailed analysis of the European Power Rental Market along with qualitative trends for the year 2023. The market numbers included in this report represent revenues generated by companies operating in the generator power rental market in Europe. Revenue figures consider the revenue generated from the rental of generator assets under the transactional and power project model. Fuel, transportation, operation and maintenance (O&M), and other associated costs are excluded from these figures. Power projects with contracts over five years were excluded from the revenue figures. The base year for the study is 2023 and the forecast period is from 2023 until 2030. Several global and regional power rental companies have a significant presence in the market. This study captures the following information on the European power rental market:
Companies Featured: Aggreko plc, Caterpillar Inc., LOXAM Group, Generator Power Ltd., Atlas Copco Rental Europe, United Rentals, Inc., Power Electrics Generators Ltd., HSS Hire Group plc, Speedy Hire plc, Brendenoord B.V., HKL Baumaschinen GmbH, Ashtead Plant Hire Co. Ltd. (Sunbelt Rentals), Red-D-Arc Inc., Kiloutou S.A.S., Boels Rental, Renta AS, General De Alquiler De Maquinaria S.A, MT Milantractor SpA, Medipower SrL, Bruno SrL, Visa SpA, CGT Edilizia SpA, and Commercial De Maquinaria Morillo S.A., among others.
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