
France Power Rental Market - Strategic Assessment & Forecast 2023-2029
Description
France Power Rental Market - Strategic Assessment & Forecast 2023-2029
The France power rental market is expected to grow at a CAGR of 4.76% from 2022 to 2029.
KEY HIGHLIGHTS
Greater Paris Project, Paris Olympics 2024 To Fuel the Demand For Rental Power Equipment In France
- Uncertainty in the electric power supply in 2022 had driven the sale and rentals of generators in the France power rental market. Since a few nuclear reactors shut down in 2022, the government has implemented load-shedding practices. Due to the hike in electricity prices and load-shedding practices, many companies came out of the grid and used generators to power to reduce their electricity bill. Since the power outage will force stop their operations since most of the equipment longer time to restart. All these factors put heavy pressure on the manufacturers to meet the demand. For instance, in Perlin, Industrial generator manufacturer Gelec received a huge number of orders as of August 2022, with almost an 80% hike compared to the same period in 2021.
- OVHcloud, the largest French cloud services provider, had prepared for possible power outages in Q4 2022 by arranging diesel generators as a backup. These generators will be in place to ensure uninterrupted power supply and maintain the services provided by OVHcloud.
- The Grand Paris Express is currently the largest infrastructure project being constructed in Europe. It aims to build a modern public transport network spanning 200 kilometers, with a planned budget of €30 billion (USD 32.6 billion). The project includes extending the metro's line 14 and building new lines 15, 16, 17, and 18, improving regional transportation.
- Loxam and GL events allied by providing power and temperature control rental services, including project management services, temporary power solutions, and uninterrupted power supplies on all sites, including the international broadcast center for the 2024 Olympics and Paralympics in Paris. They are committed to including SMEs in their supply chain. Biofuels and green hydrogen are preferred as fuels in the temporary power equipment, which will be used to back up the renewable electricity supply from the electricity grid.
Segmentation By Fuel
- Natural Gas
- Diesel
- Others (Propane, Hydrogen, Renewable Sources)
- <75KVA
- 75-375KVA
- 375-1,000KVA
- Above 1,000 KVA
- Generators
- Load Banks
- Transformers
- Others
- Construction
- Retail
- Oil & Gas
- Mining
- Events
- Utilities
- IT & Data Center
- Manufacturing
- Others
- Standby
- Continuous
- Peak Shaving
- France has launched the "France 2030" national investment plan, with a budget of €34 billion (~ USD 40 billion) to revitalize the industrial economy and adopt technological advancements in strategic sectors such as semiconductors, robotics, electric vehicles, nuclear energy, and renewable sources. The plan includes substantial funding for the energy sector, targeting the development of small nuclear reactors, green hydrogen projects, and industrial decarbonization. Currently, nuclear energy accounts for 69% of France's electricity mix.
- In addition, the French government has set a target to increase the installed capacity of renewable energy sources to 100 GW by 2050, ten times the current level. To achieve this, the government allocates €1 billion (USD 1.1 billion) under the "France 2030" National Investment Plan, with a significant portion dedicated to offshore wind farms, which alone will account for 40 GW of capacity.
- A five-year agreement between the France Government and Action Logement group for 2023-2027 will involve funding with a capital investment of USD 15.7 billion for various activities. A budget of USD 6 billion for financing landlords in housing renovation and construction, USD 4 billion for aiding employees, and USD 5.7 billion will be utilized for public housing policies similar to Urban Renewal (NRNRU ) and Action Coeur de Ville.
- As part of the ongoing energy transition, a lithium mining project, the EMILI project (Imerys' lithium mica mining project) in Imerys, France, was announced in October 2022. This project is located at the Beauvoir site in the Allier region and will enable 34,000 tonnes (37,478.6 tons) of lithium hydroxide production annually starting in 2028. This project will also aid in France's industrial dominance in Europe. This shall create an integrated battery production site in the country with an overall budget of USD 1.1 billion.
- The key players in the France power rental market are Loxam, Sunbelt, United Rentals, Aggreko, Atlas Copco, Caterpillar, and Kohler Power.
- Loxam, Aggreko, and Sunbelt account for 29% of the France power rental market share.
- In France, Kiloutou had introduced a program for long-term rentals of power tools, partnering with Milwaukee. The program, called 'KFleet,' offers rental contracts spanning three or four years and includes theft protection, fleet management, and after-sales service provisions. It covers a range of 600 products provided by Milwaukee.
- United Rentals
- Sunbelt Rentals, Inc.
- Aggreko
- Loxam Group
- Caterpillar
- Atlas Copco
- KOHLER
- Kiloutou
- Rentaload
- Salti
- Crestchic
1. How big is the France power rental market?
2. What is the growth rate of the France power rental market?
3. What are some significant growth opportunities in the France power rental market?
4. Which fuel type is projected to dominate the France power rental market?
5. Which are the key vendors in the France power rental market?
Table of Contents
98 Pages
- 1. Introduction
- 1.1. Key Insights of France Power Rental Market
- 1.2. Executive Summary
- 2. France Power Rental Market
- 2.1. Future Outlook -France Power Rental Market by Value
- 2.2. France Power Rental Market- By Segments
- 2.2.1. France Power Rental Market by Value
- 2.2.1.1. FRANCE Power Rental Market Size and Forecast by Million ($million)
- 2.2.2. Power Rental Market, By Fuel
- 2.2.2.1. Diesel, Market Size and Forecast 2020–2029($ Million)
- 2.2.2.2. Natural Gas, Market Size and Forecast 2020–2029($ Million)
- 2.2.2.3. Others, Market Size and Forecast 2020–2029($ Million)
- 2.2.3. Power Rental Market, By End User
- 2.2.3.1. Construction, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.2. Retail, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.3. Oil and Gas, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.4. Mining, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.5. Events, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.6. Utilities Market Size and Forecast 2020–2029($ Million)
- 2.2.3.7. IT & Data Centers, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.8. Manufacturing, Market Size and Forecast 2020–2029($ Million)
- 2.2.3.9. Others, Market Size and Forecast 2020–2029($ Million)
- 2.2.4. Power Rental Market, By Equipment
- 2.2.4.1. Generator, Market Size and Forecast 2020–2029($ Million)
- 2.2.4.2. Load Bank, Market Size and Forecast 2020–2029($ Million)
- 2.2.4.3. Transformer, Market Size and Forecast 2020–2029($ Million)
- 2.2.4.4. Others, Market Size and Forecast 2020–2029($ Million
- 2.2.5. Power Rental Market, By Application
- 2.2.5.1. Standby power, Market Size and Forecast 2020–2029($ Million)
- 2.2.5.2. Continuous power, Market Size and Forecast 2020–2029($ Million)
- 2.2.5.3. Peak shaving, Market Size and Forecast 2020–2029($ Million)
- 2.2.6. Power Rental Market, By Power Rating
- 2.2.6.1. (0-50KW) Market Size and Forecast 2020–2029($ Million)
- 2.2.6.2. (50-500KW) Market Size and Forecast 2020–2029($ Million)
- 2.2.6.3. (500-2500KW) Market Size and Forecast 2020–2029($ Million)
- 2.2.6.4. (Above 2500KW) Market Size and Forecast 2020–2029($ Million)
- 3. Geographical Analysis
- 3.1. Key Economic cities in France
- 4. Market Dynamics
- 4.1. Market Trends
- 4.2. Market Drivers
- 4.3. Market Opportunities
- 4.4. Market Restraints
- 5. Technological Development
- 6. Competitive Landscape
- 6.1. Company Profile of major Vendors
- 6.2. Other Prominent vendors
- 7. Report Summary
- 7.1. List of Abbreviations
- 8. Appendix (Report Scope & Definition)
- 8.1. Research Methodology
- 8.2. Market Definition, Inclusion & Exclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.