Top Players Shaping the Power Rental Market: A Competitive Analysis
The power rental market is witnessing growth due to diverse industries requiring reliable and continuous power supply to maintain consistent operations. Power rental is a feasible way for across the industries such as manufacturing and constructions among others require maintenance of power supply, temporarily shutdowns and emergency power requirement, the power rental are readily available options for these situations. For instance, the U.S. Census Bureau reported that the preliminary estimates of construction spending in the United States in December 2024 were $2,192.2 billion, representing an increase of 0.5 percent from the revised estimate of $2,180.3 billion in November 2024 and also up by 4.3 percent from the estimate for December 2023 which stood at $2,101.3 billion. This trend will be leading to boosting the increase of a competitive landscape globally where key market players are continuously developing and launching new product and innovations to expand and adhere to changing customer demands in the power rental market.
Increase in Construction Spending in the United States, in US$ Billion, in November 2024 and December 2024
Source: U.S. Census Bureau
Top companies in the power rental market
- Aggreko
- Caterpillar Inc.
- Atlas Copco
- Cummins Inc.
- United Rentals
Let’s discuss each in detail.
- Aggreko
Aggreko is the world leader in temporary power, temperature control, and compressed air rental solutions for construction, events, manufacturing, and utilities. The company supplies rental solutions for power generation, dehumidifiers, cooling and heating, battery storage, and industrial air compressors. Their mobile, modular hardware can be scaled to the size of demand while the company has specialists in their field that understand how to assist with unique aspirations.
Aggreko’s global network and brand reputation aid the company in being one of the market players. The company strategy focusses to provide flexible and cost-effective energy and power services as customers transition to less carbon-heavy forms of energy. Remote monitoring technologies are being used to optimize output, and they offer fuel management services to ensure timely deliveries along with investing in sustainable products, fuels, and services.
The company’s rental options provide range from generators, transformers, and load banks to temperature systems, among others. They also provide diesel generator rental and gas generator rental services. Gas generator set rentals provide 1375-kVA gas generators, are the most viable and low-emission solution. The generators are perfect for off-grid power or installing combined heat and power packages. They present significant reductions in nitrogen oxides, carbon monoxide, and particulates compared to diesel emissions. Aggreko also provides gas generators capable of operating on a range of natural gases, meaning that clients will be able to maximize their own resources when deciding to hire a gas generator from Aggreko.
- Caterpillar Inc.
Caterpillar Inc. is regarded as a global leader in construction and mining equipment with a firm hold on power rental markets because it offers an extensive range of rental power solutions based on its know-how in engine technology and heavy machinery. Its brand, namely Cat and Perkins offer durable, versatile engines for many machines and provide a full line of innovative and reliable power solutions that serve industrial/construction, agriculture, and rental markets so that they can survive in harsh environments and meet user-defined specifications.
The company strategy engaging in supporting with customers in the energy transition by investing in new technologies and services, developing products that reduce emissions and improve operational efficiency, and working towards sustainability.
The company supplies a range of rental power equipment, such as mobile generators, that are easily transportable and installed. The portable solutions for remote jobs locations or temporary power needs are available in natural gas and diesel models.
- Atlas Copco
Atlas Copco is a global industrial company providing quality products and services in compressed air, vacuum, power, and other industrial applications. Atlas Copco offers a full range of power rental solutions with 24/7 reliable power rental solutions for power generators, air compressors, nitrogen generation, dryers, dewatering pumps, and steam generators through Atlas Copco Specialty Equipment Rental.
With over 140 years of experience and working in more than 160 different sectors, Atlas Copco Rental provides rental sets of generators for all types of industrial applications. With professional equipment and on-site project management, efficient all-in-one approach, triple ISO certification, cost-effective custom rentals, and international 24/7 service.
The company is focused on providing efficient and sustainable solutions, with an increasing emphasis on hybrid and electric power options. Atlas Copco’s strength in innovation and service solidifies its standing in the market. Besides, the company also provides rental gensets, diesel generators, modular power stations, energy storage modules, and transformers. Modular power stations from the company are designed for optimum uptime and efficiency with low fuel consumption per kWh. They are compact, quiet, easily transportable and easy to install; plug and play connectivity allows for easy parallel connection of generators ensuring flexible and reliable power plant.
- Cummins Inc.
Cummins Inc. is a global power company designing, producing, and servicing engines, generators, and powertrain components, rental generators and all associated equipment. Cummins holds the position of a key player in power rental markets because of engine technology and the offering of reliable and efficient power solutions. Furthermore, Cummins enjoys a competitive advantage due to its strong global presence and customer service network.
The company offers tier 4 final certified rental generator sets throughout its North American scope for rental power solutions. The gensets, being US EPA Tier 4 Final Certified, are designed to be flexible, reliable, and rugged, found in rental generators like C12D6RE, C70D2RE, and C100D2RE. On the other hand, international rental power solutions launches a whole range of diesel-powered generators developed for flexibility, reliability, and cost-effectiveness in rental applications. The generators apply in diverse applications and rental fleet requirements including the models C40D2R, C65D2R, and C90D6RB.
- United Rentals
United Rentals, the world’s largest equipment rental company, is well established in the power rental market across North America, with a wide-reaching integrated network comprising 1,520 locations in North America, 38 in Europe, 23 in Australia, and 19 in New Zealand. The company provides a diverse range of rental equipment for diverse industries, including construction, industrial, and power sector, their products including generators, transformers, and power distribution equipment, along with services like delivery, setup, and maintenance.
United Rentals offers a wide range of generators for rent, including portable gas and diesel models with varying outputs and fuel capacities to meet customers specific needs. Additionally, the company offers a wide range of heavy-duty transformers for rent, ranging from 15 kVA to 7,000 kVA, mounted on a skid frame for outdoor use.
