France Power Rental Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 4.55% from 2023 to 2033
• The France Power Rental Market Size is Expected to Hold a Significant Share by 2033

The France Power Rental Market Size is Expected to Hold a Significant Share by 2033, growing at a CAGR of 4.55% from 2023 to 2033. Rising demand from a variety of industries, including construction, manufacturing, and events, is the main factor driving the France market.

Market Overview

The term "power renting" describes the short-term rental of equipment for generating power, such as load banks, generators, and transporters, to meet the demands of the manufacturing and industrial sectors. Temporary solutions are used to offer power backup in emergencies, augment power during high-demand periods, and assist construction projects, industrial operations, events, and so on. Power rental is the rental of a generator, whether it runs on diesel or gasoline. The French power rental industry has a rich history going back to the early twentieth century when portable generators were initially developed to service the construction and industrial sectors. Its scope has expanded substantially over time, today including a wide range of applications such as events, disaster relief operations, and healthcare. It offers a range of components for use in power plants as well as fully operational power equipment. In addition, it offers businesses cost-effectiveness, speed, and flexibility in handling power interruptions. The goal of rental power services is to give communities and businesses more energy while also assisting in the stabilization of utility power networks. Consequently, it finds extensive use in the mining, building, and construction, and oil and gas sectors.

Report Coverage

This research report categorizes the market for the France power rental market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France power rental market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France power rental market.

Driving Factors

The market in France is primarily driven by rising demand from various industries, such as building, manufacturing, and events. In accordance with this, the flexibility and scalability provided by these solutions are critical in assisting these industries during peak demand periods, planned maintenance, or unplanned power outages. The expanding trend of decentralized power generation, as well as the increased demand for temporary power solutions, highlight the importance of these services. Important demand drivers in the France power rental market include government investment in the industrial sector, power supply insecurity as consumption rises, forthcoming significant projects and events, energy transition, and decarbonization.

Restraining Factors

Certain locations or delicate circumstances, such as residential areas, medical facilities, and natural areas, may prohibit the use of generators due to laws controlling air quality, noise pollution, and site permits. Following these recommendations could reduce the demand for hired generators.

Market Segmentation

The France power rental market share is classified into fuel type sand and equipment type.

• The diesel segment is expected to hold a significant market share through the forecast period.   

The France power rental market is segmented by fuel type into diesel, natural gas, and others. Among these, the diesel segment is expected to hold a significant market share through the forecast period. Diesel-powered generators are a dependable and adaptable temporary power source, especially when grid electricity is limited or non-existent. They are perfect for events, building sites, emergencies, and industrial activities due to their resilience and high-power output capability.

• The  generator segment is expected to hold a significant share of France power rental market during the forecast period.       

Based on the equipment type, the France power rental market is divided into generator, transformer, load bank, and others. Among these, the generator segment is expected to hold a significant share of France power rental market during the forecast period. In the market for power rentals, generators are an essential component that serves as a pivot for meeting supplemental or temporary power needs in a variety of industries. Their ubiquity and adaptability make them a driving force in market expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France power rental market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Loxam
• Aggreko
• Caterpillar Inc.
• Kohler Power
• United Rentals
• Hertz Equipment Rental Corporation (HERC)
• Speedy Services
• Pramac
• Cummins Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, The UK Secretary of State for Energy Security and Net Zero, and the French Minister for Energy Transition, signed the Energy Cooperation Agreement. The collaboration aims to improve energy resilience, involving interconnection and security, promote environmentally friendly technologies such as hydrogen, offshore wind, and carbon capture, usage, and storage (CCUS), and collaborate on civil nuclear activities such as new construction, research and development, and decommissioning.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Power Rental Market based on the below-mentioned segments:

France Power Rental Market, By Fuel Type

• Diesel
• Natural Gas
• Others

France Power Rental Market, By Equipment Type

• Generator
• Transformer
• Load Bank
• Others