Global Generator Hire Market Growth (Status and Outlook) 2024-2030

Global Generator Hire Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Generator Hire market size was valued at US$ 13400 million in 2023. With growing demand in downstream market, the Generator Hire is forecast to a readjusted size of US$ 22190 million by 2030 with a CAGR of 7.5% during review period.

The research report highlights the growth potential of the global Generator Hire market. Generator Hire are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Generator Hire. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Generator Hire market.

Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply.



Increasing power demand, lack of grid stability & support and low electrification rates are the major driving factors of the power rental market in the utilities segment. Lacking of electricity access, aging T&D infrastructure are driving the market for power rental solutions. The rise in construction and infrastructural activities are driving the market for power rental solutions. Increasingly frequent business activities are also a stimulating factor.

Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply. Increasing power demand, lack of grid stability & support and low electrification rates are the major driving factors of the power rental market in the utilities segment. Lacking of electricity access, aging T&D infrastructure are driving the market for power rental solutions. The rise in construction and infrastructural activities are driving the market for power rental solutions. Increasingly frequent business activities are also a stimulating factor.



The industry market is very fragmented. Of the major players of Temporary Power, Aggreko maintained its first place, fllowed by Cummins and Caterpillar. Top 3 player accoutted for over 13% global market share.



In this study, the market for Temporary Power consumption divided into six geographic regions: In North America, total Temporary Power accounted for 31.63 %. In the Europe, total Temporary Power accounted for 28.39 %. The market in China Temporary Power accounted for 12.49 %, in Japan 4.29%, in Southeast Asia 4.28%, in India 8.28% and in global other region 10.64 %. Among all regions, North America is estimated to represent the highest share. India is facing an acute power shortage due to the observed inability of dated and inefficient power infrastructure to support the growing energy demand of the public, as well as of the industries.

Key Features:

The report on Generator Hire market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Generator Hire market. It may include historical data, market segmentation by Type (e.g., Diesel, Gas & HFO & Petrol), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Generator Hire market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Generator Hire market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Generator Hire industry. This include advancements in Generator Hire technology, Generator Hire new entrants, Generator Hire new investment, and other innovations that are shaping the future of Generator Hire.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Generator Hire market. It includes factors influencing customer ' purchasing decisions, preferences for Generator Hire product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Generator Hire market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Generator Hire market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Generator Hire market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Generator Hire industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Generator Hire market.

Market Segmentation:

Generator Hire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Diesel
Gas & HFO & Petrol

Segmentation by application
Government & Utilities
Oil & Gas
Events
Construction
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aggreko
Cummins
Caterpillar
United Rentals
APR Energy
Ashtead Group
Sudhir Power Ltd.
Atlas Copco
Herc Holdings Inc
Power Electrics
Generator Power
Speedy Hire
HSS
Shaanxi Communication Power Technology Co., Ltd.
Trinity Power Rentals
Diamond Environmental Services
Rental Solutions & Services
Quippo Energy
Temp-Power
National Hiring
Perennial Technologies
Tellhow Sci-Tech
Modern Hiring Service (MHS)
Marco Gensets Pvt. Ltd.
Verypower
Fudesen

Please note: The report will take approximately 2 business days to prepare and deliver.