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Power Rental Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2024

Publisher Global Market Insights
Published Feb 21, 2025
Length 185 Pages
SKU # GMI19969829

Description

The Global Power Rental Market was valued at USD 17.80 billion in 2024 and is projected to grow at a CAGR of 4.1% between 2025- 2034. The market is driven by increasing industrial activities, rising demand for temporary power solutions, and the widespread adoption of advanced rental generators. Key factors contributing to market expansion include the growing reliance on power rental services across industries, stringent environmental regulations, and the need for reliable energy supply during peak demand or emergency situations.

The 75 kVA – 375 kVA power rating segment is expected to generate USD 8.26 billion by 2034. This range of power generators is widely used across various industries, including construction, manufacturing, and events, providing reliable and efficient temporary power solutions. These generators are particularly effective for medium-scale operations, offering a balanced power output to meet both short-term and long-term needs. The market growth is also driven by the demand from medium-sized industries, infrastructure projects, and commercial operations that require flexible, cost-effective, and scalable power solutions. As the construction sector in North America continues to grow, particularly with new infrastructure projects and urban developments, the need for rental power solutions in this power rating range will continue to rise.

Diesel segment held 3.8% CAGR during 2025-2034. Diesel generators are favored due to their efficiency, reliability, and ability to operate in various harsh conditions, particularly in remote areas and during emergencies. Diesel-powered rental units are essential in applications that require continuous power generation for construction sites, industrial operations, and emergency backup power. Its reliability in providing consistent power under challenging conditions, along with advancements in fuel efficiency and emissions control, ensures the sustained demand for diesel-powered rental solutions. Additionally, the relatively lower upfront costs and availability of diesel fuel across North America make these generators a popular choice for various industries.

The oil & gas segment generated USD 2.87 billion in 2024. Power rental solutions, especially in offshore rigs, oil exploration sites, and production facilities, are vital for ensuring continuous operations in remote or offshore locations where the supply of grid power is limited or unavailable. Diesel generators, particularly in the 75 kVA – 375 kVA power rating range, are widely used in the oil and gas sector due to their reliability, fuel efficiency, and robustness. The increasing demand for temporary power during drilling operations, maintenance periods, and emergency scenarios will continue to fuel the demand for rental generators in the oil and gas industry.

North American Power Rental Market generated USD 4.66 billion in 2024. The market is fueled due to its well-developed industrial base, increasing infrastructure investments, and growing demand for temporary power solutions. The U.S. and Canada are leading the adoption of rental power services, supported by their robust energy sectors, particularly in oil and gas, construction, and utilities. The market is driven by the large-scale industrial activities, high number of infrastructure development projects, and the increasing need for energy backup solutions during peak demand periods. Canada, with its significant mining operations and development of new infrastructure projects, is also expected to see steady growth in demand for power rental services, particularly in remote areas where reliable grid power supply is lacking.

Table of Contents

185 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Exclusive Summary
2.1 Industry snapshot
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Power rating trends
2.1.4 Fuel trends
2.1.5 End use trends
2.1.6 Application trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.2.1 Global
3.2.1.1 ISO 8528-1
3.2.2 North America
3.2.2.1 U.S.
3.2.3 Europe
3.2.3.1 The Low Voltage Directive- and The EMC Directive
3.2.3.2 Commission Regulation (EU) 2016/631
3.2.3.3 Directive 2000/14/EC
3.2.3.4 Stage V
3.2.3.5 Machine Directive 2006/42/EC
3.2.3.6 ROHS 2 directive (2011/65/UE Regulation)
3.2.4.1 China
3.2.4.2 India
3.2.4.2.1 Environment (Protection) Rules, 1986
3.2.4.2.2 Requirement of conformance labelling
3.2.4.2.3 Environment Protection Act, in Schedule I, serial number 95A
3.2.4.2.4 Generator sets run natural gas and liquid petroleum gas
3.2.4.2.5 Development activities on CPCB IV+ upcoming norms
3.2.5 Middle East & Africa
3.2.5.1 UAE
3.2.5.2 South Africa
3.2.6 Latin America
3.2.6.1 Brazil
3.2.6.2 Chile
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Increasing intensity & frequency of weather-related disasters
3.3.1.2 Escalating data center outage costs
3.3.1.3 Flourishing the real estate sector
3.3.1.4 Rapid industrialization & infrastructure development
3.3.2 Industry pitfalls & challenges
3.3.2.1 Stringent government regulations toward diesel-based equipment
3.3.2.2 Safety concerns
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2025
4.1 Introduction
4.2 Strategy dashboard
4.2.1 Atlas Copco
4.2.1.1 Acquisition
4.2.1.2 Installation/supply
4.2.2 Al Faris Group
4.2.2.1 Business expansion
4.2.2.2 Supply/contract
4.2.3 Ashtead Group
4.2.3.1 Acquisition
4.2.3.2 Business expansion
4.2.4 Caterpillar Inc
4.2.4.1 Partnership
4.2.5 HIMOINSA
4.2.5.1 Supply/contract
4.2.6 United Rentals
4.2.6.1 Partnership
4.2.6.2 Acquisition
4.2.7 Herc Rentals
4.2.7.1 Acquisition
4.2.8 Shenton Group
4.2.8.1 Installation/supply
4.2.9 Aggreko
4.2.9.1 Business expansion
4.3 Innovation & sustainability landscape
4.3.1 Atlas Copco
4.3.2 Aggreko
4.3.3 United Rentals
4.3.4 Sudhir Power
4.3.5 Cummins Inc.
Chapter 5 Market, By Power rating
5.1 Key trends
5.2 ≤ 75 kVA
5.3 > 75 kVA - 375 kVA
5.4 > 375 kVA - 750 kVA
5.5 > 750 kVA
Chapter 6 Market, By Fuel
6.1 Key trends
6.2 Diesel
6.3 Gas
6.4 Others
Chapter 7 Market, By End use
7.1 Key trends
7.2 Telecom
7.3 Data center
7.4 Healthcare
7.5 Oil & gas
7.6 Electric utilities
7.7 Offshore
7.8 Manufacturing
7.9 Construction
7.10 Mining
7.11 Marine
7.12 Others
Chapter 8 Market, By Application
8.1 Key trends
8.2 Standby
8.3 Peak shaving
8.4 Prime/continuous
Chapter 9 Market, By Region
9.1 Key trends
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Middle East
9.6 Africa
9.7 Latin America
Chapter 10 Company Profiles
10.1 Aggreko
10.1.1 Global Overview
10.1.2 Market/Business Overview
10.1.3 Financial Data
10.1.4 Product Landscape
10.1.5 Strategic Outlook
10.1.6 SWOT Analysis
10.2 Al Faris Group
10.2.1 Global Overview
10.2.2 Market/Business Overview
10.2.3 Financial Data
10.2.4 Product Landscape
10.2.5 Strategic Outlook
10.2.6 SWOT Analysis
10.3 Ashtead Group
10.3.1 Global Overview
10.3.2 Market/Business Overview
10.3.3 Financial Data
10.3.4 Product Landscape
10.3.5 Strategic Outlook
10.3.6 SWOT Analysis
10.4 Atlas Copco
10.4.1 Global Overview
10.4.2 Market/Business Overview
10.4.3 Financial Data
10.4.4 Product Landscape
10.4.5 Strategic Outlook
10.4.6 SWOT Analysis
10.5 APR Energy
10.5.1 Global Overview
10.5.2 Market/Business Overview
10.5.3 Financial Data
10.5.4 Product Landscape
10.5.5 SWOT Analysis
10.6 Bredenoord
10.6.1 Global Overview
10.6.2 Market/Business Overview
10.6.3 Financial Data
10.6.4 Product Landscape
10.6.5 SWOT Analysis
10.7 Byrne Equipment Rental
10.7.1 Global Overview
10.7.2 Market/Business Overview
10.7.3 Financial Data
10.7.4 Product Landscape
10.7.5 SWOT Analysis
10.8 Caterpillar Inc.
10.8.1 Global Overview
10.8.2 Market/Business Overview
10.8.3 Financial Data
10.8.4 Product Landscape
10.8.5 Strategic Outlook
10.8.6 SWOT Analysis
10.9 Cummins
10.9.1 Global Overview
10.9.2 Market/Business Overview
10.9.3 Financial Data
10.9.4 Product Landscape
10.9.5 SWOT Analysis
10.10 PON ENERGY RENTAL
10.10.1 Global Overview
10.10.2 Market/Business Overview
10.10.3 Financial Data
10.10.4 Product Landscape
10.10.5 SWOT Analysis
10.11 Generac Power Systems, Inc.
10.11.1 Global Overview
10.11.2 Market/Business Overview
10.11.3 Financial Data
10.11.4 Product Landscape
10.11.5 SWOT Analysis
10.12 HIMOINSA
10.12.1 Global Overview
10.12.2 Market/Business Overview
10.12.3 Financial Data
10.12.4 Product Landscape
10.12.5 SWOT Analysis
10.13 GMMCO Limited
10.13.1 Global Overview
10.13.2 Market/Business Overview
10.13.3 Financial Data
10.13.4 Product Landscape
10.13.5 SWOT Analysis
10.14 Herc Rentals Inc.
10.14.1 Global Overview
10.14.2 Market/Business Overview
10.14.3 Financial Data
10.14.4 Product Landscape
10.14.5 Strategic Outlook
10.14.6 SWOT Analysis
10.15 Rehlko
10.15.1 Global Overview
10.15.2 Market/Business Overview
10.15.3 Financial Data
10.15.4 Product Landscape
10.15.5 SWOT Analysis
10.16 Modern Hiring Service
10.16.1 Global Overview
10.16.2 Market/Business Overview
10.16.3 Financial Data
10.16.4 Product Landscape
10.16.5 SWOT Analysis
10.17 Perennial Technologies
10.17.1 Global Overview
10.17.2 Market/Business Overview
10.17.3 Financial Data
10.17.4 Product Landscape
10.17.5 SWOT Analysis
10.18 Perfect Hiring Services
10.18.1 Global Overview
10.18.2 Market/Business Overview
10.18.3 Financial Data
10.18.4 Product Landscape
10.18.5 SWOT Analysis
10.19 Shenton Group
10.19.1 Global Overview
10.19.2 Market/Business Overview
10.19.3 Financial Data
10.19.4 Product Landscape
10.19.5 SWOT Analysis
10.20 SUDHIR POWER LTD.
10.20.1 Global Overview
10.20.2 Market/Business Overview
10.20.3 Financial Data
10.20.4 Product Landscape
10.20.5 Strategic Outlook
10.20.6 SWOT Analysis
10.21 United Rentals
10.21.1 Global Overview
10.21.2 Market/Business Overview
10.21.3 Financial Data
10.21.4 Product Landscape
10.21.5 Strategic Outlook
10.21.6 SWOT Analysis
10.22 Wagner Equipment
10.22.1 Global Overview
10.22.2 Market/Business Overview
10.22.3 Financial Data
10.22.4 Product Landscape
10.22.5 SWOT Analysis
10.23 Research Practices

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