Australia & New Zealand Power Rental Industry Report 2024

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Mar 06, 2024, 20:15 ET

DUBLIN, March 6, 2024 /PRNewswire/ -- The "2024 Australia & New Zealand Power Rental Market" report has been added to ResearchAndMarkets.com's offering.

This analysis on the Australia & New Zealand Power Rental Market indicates that its value reached $570.1 million USD in 2023 and is projected to experience a compound annual growth rate (CAGR) exceeding 3.5% from 2023 to 2030

This study aims to provide a detailed analysis of the Australia & New Zealand 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 power rental market in Australia & New Zealand. The base year for the study is 2023 and the forecast period is from 2023 until 2030.

The market is propelled by several factors including an unreliable power grid, insufficient investment in power infrastructure, heightened demand from the construction sector, a burgeoning entertainment industry, weather-related incidents, increasing electrification, and the integration of intermittent sources of electricity.

Additionally, the forecast period anticipates the emergence of new opportunities for power rental companies in the region with the growth in hydrogen production and the expansion of data centers. Nevertheless, challenges such as intense competition, economic slowdowns, shortages of skilled personnel, and logistical and freight obstacles persist.

In terms of industry trends, telematics, decarbonization efforts, the adoption of hybrid generator sets, and the gradual incorporation of battery energy storage systems are prominent. Presently, approximately 88.6 percent of rental generators in Australia & New Zealand rely on diesel, but there's a shift towards more energy-efficient and eco-friendly technologies to meet emission regulations at end-user levels.

The mining sector stands as one of the primary consumers of power rental services in both countries, closely followed by the construction industry. Key market players encompass Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and Kohler Co. (Clarke Energy), among others.

This study captures the following information on the Australia & New Zealand Power Rental Market:

Market Size, Growth Rate, Revenue Forecasts (2023-2030)
Growth Drivers & Restraints
Market Data
Quotes by Key Industry Participants
Market Share Analysis
Market Trends

Key Topics Covered:

I Research Scope, Methodology, Definition

II Segmentation by End User, Application, Fuel Type, and Equipment Output Range

III Executive Summary

Revenues by end user
Major data points
Revenues
Major trends
Market drivers
Market restraints
Main market participants

IV Opportunities & Strategic Recommendations

V Market Drivers

VI Market Restraints

VII Market Trends

Telematics
Key developments in decarbonization in generator rental industry
Hybrid gensets
Rising demand for solar powered generators
Demand for battery storage systems
Silent generators
Collaborations

VIII Market Data

Total market revenue forecast
Market share by segment
Market share by end user
Market share by fuel
Market share by output
Market share by application

IX Competitive Landscape

Market share by company
Competitive factors

X Company Profiles

Aggreko PLC
Caterpillar Inc.
Coates Group Holding Pty. Limited

XI Australia

Australia market revenue forecast
Market share by end user
Market share by fuel
Market share by output
Market share by application
Market share by company

XII New Zealand

New Zealand market revenue forecast
Market share by end user
Market share by fuel
Market share by output
Market share by application
Market share by company

XIII About the Analyst

A selection of companies mentioned in this report includes

Aggreko plc
APR Energy (Atlas Corp.)
Atlas Copco
Blue Diamond Machinery Pty. Ltd.
Caterpillar Inc.
Coates Group Holdings Pty. Limited (Seven Group Holdings)
East Coast Generators
Generator Rental Services Limited
Hirepool Ltd.
Kennards Hire Australia
Kohler Co. (Clarke Energy)
Total Generators

For more information about this report visit https://www.researchandmarkets.com/r/rhmv6c

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