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Rental Gensets Industry, Global, 2024–2034

Publisher Frost & Sullivan
Published Aug 06, 2025
SKU # MC20295396

Description

The global rental genset market is experiencing steady growth, valued at $6.61 billion in 2024 and expected to exceed $11 billion by 2034. This growth is driven by the increasing demand for temporary and backup power across sectors such as construction, mining, oil & gas, utilities, and events. Diesel Gensets still make up about 70 to 80% of rental units due to their reliability and fuel availability, but environmental regulations are pushing rental providers towards cleaner alternatives like natural gas and hybrid systems, particularly in developed regions. North America leads the market in revenue, primarily due to its disaster recovery and infrastructure needs. Meanwhile, the ASEAN region is experiencing the fastest growth.

Additionally, the market is witnessing advancements in technology, particularly through the adoption of telematics and remote monitoring. These innovations enable better tracking of usage and maintenance.
The market has moderate to highly competitive intensity, influenced by both global original equipment manufacturers (OEMs) and regional specialists such as Aggreko, United Rentals, Cummins, Caterpillar, and Atlas Copco. These companies compete based on factors like reliability, fleet size, service responsiveness, and environmental performance. While developing regions tend to be fragmented with more affordable diesel units, developed markets are increasingly focusing on cleaner technologies, such as gas and hybrid systems.

Despite challenges such as tightening emission regulations and rising fuel prices, the long-term outlook remains positive. Rental companies are diversifying their fleets and expanding their hybrid offerings, positioning rental Gensets as essential components of resilient energy strategies worldwide.

Table of Contents

    • Scope of Analysis
    • Definitions
    • Geographic Segmentation
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Rental Gensets Industry
    • Competitive Environment
    • Key Competitors
    • Growth Metrics
    • Growth Drivers
    • Growth Restraints
    • Forecast Considerations
    • Revenue Forecast
    • Revenue Forecast by Fuel
    • Revenue Forecast by Region
    • Revenue Forecast by Power Band
    • Revenue Forecast by End User
    • Revenue Forecast by Application
    • Forecast Analysis
    • Competitive Profile: Aggreko
    • Competitive Profile Caterpillar
    • Competitive Profile: Cummins
    • Competitive Profile: Atlas Copco
    • Competitive Profile: United Rentals
    • Forecast Analysis
    • North America Revenue Forecast
    • North America Revenue Forecast by Fuel
    • Forecast Analysis
    • Europe Revenue Forecast
    • Europe Revenue Forecast by Fuel
    • Forecast Analysis
    • China Revenue Forecast
    • China Revenue Forecast by Fuel
    • Forecast Analysis
    • India & South Asia Revenue Forecast
    • India & South Asia Revenue Forecast by Fuel
    • Forecast Analysis
    • ASEAN Revenue Forecast
    • ASEAN Revenue Forecast by Fuel
    • Forecast Analysis
    • ANZ & Pacific Revenue Forecast
    • ANZ & Pacific Revenue Forecast by Fuel
    • Forecast Analysis
    • Africa Revenue Forecast
    • Africa Revenue Forecast by Fuel
    • Forecast Analysis
    • East Asia Revenue Forecast
    • East Asia Revenue Forecast by Fuel
    • Forecast Analysis
    • Latin America Revenue Forecast
    • Latin America Revenue Forecast by Fuel
    • Forecast Analysis
    • Middle East Revenue Forecast
    • Middle East Revenue Forecast by Fuel
    • Forecast Analysis
    • Russia & CIS Revenue Forecast
    • Russia & CIS Revenue Forecast by Fuel
    • Growth Opportunity 1: Hybrid and Sustainable Power Solutions
    • Growth Opportunity 2: IoT as a Service
    • Growth Opportunity 3: Partnerships and Collaborations Between Strategic Competitors
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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