Power Rental Systems to Serve as Source for Electricity during Redevelopment Process

Inefficient, outdated permanent power plants have become a prominent cause of environmental pollution. As a result, governments across the world are implementing strict rules to shut down outdated plants, to preserve the environment to a certain extent. Even though these plants are inactive, they need power on rent for the redevelopment process. Thus, the frequent shutting down and redevelopment of power plants and stringent environmental regulations will amplify the requirement for power on rent, globally.

In recent years, emerging economies like China, Qatar, India, Thailand, South Korea, Turkey, and Brazil have witnessed a rapid surge in power demand. To meet it, these countries are focusing more and more on rental power. Additionally, owing to the continuous technological investments and high foreign investments in the construction industry, the demand for power rental systems will rise tremendously. This will, therefore, fuel the power rental market at a 10.3% CAGR during 2018–2023. The market was valued at $9,167.6 million in 2017, and it is expected to reach $16,855.5 million by 2023.


Currently, the utilities sector displays the highest adoption of power rental systems. This is due to the vast requirement for rented electricity for the upgradation and redevelopment of obsolete power plants and for their maintenance. With the aging network of thermal power plants, the need for rented power will escalate in the coming years. Apart from this, the industrial, oil and gas, mining, and events sectors will also procure a large number of power rental systems in the near future.

According to P&S Intelligence, the MEA and North America will together emerge as the leaders in the power rental market owing to the rapid industrialization and economic development. Moreover, the requirement for rental electricity from end-use sectors like industrial, oil and gas, and mining is surging for operating in remote areas and being protected from a shutdown during power outages. Additionally, the events being organized in remote areas also require a vast amount of electricity for uninterrupted flow.

Thus, the increasing number of outdated power plants and surging requirement for rented electricity from the utilities, construction, mining, and industrial sectors will accelerate the adoption of rented power systems, worldwide.

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