Gas Fueled Peak Shaving Power Rental Market Size – By Power Rating, By End Use, Analysis, Share, Growth Forecast, 2025 – 2034

Gas Fueled Peak Shaving Power Rental Market Size

The global gas fueled peak shaving power rental market was valued at USD 467.8 million in 2024 and is estimated to grow at a CAGR of 4.5% from 2025 to 2034. The continued enforcement of stringent environmental regulations in line with positive inclination toward adoption of efficient and reliable power sources will stimulate industry growth. Rising infrastructure projects across key regions coupled with the growing demand for rental solutions to address high electricity needs and peak load challenges will accelerate the business landscape.
 

Gas fueled peak shaving power rental refers to a temporary power solution that utilizes gas-powered generators to manage and reduce electricity demand during peak usage periods. This approach supports energy supply and demand, prevents grid overload, and minimizes reliance on costly or less efficient power sources. The growing urbanization and surge in construction activities combined with technological advancements in gas engine systems will encourage the demand for power rental solutions. In addition, the adoption of IoT and remote monitoring technologies in these gensets enhance operational efficiency by optimizing power output, fuel usage, and maintenance processes, thereby boosting the product penetration.
 

Gas Fueled Peak Shaving Power Rental Market Trends

The industry is poised for substantial growth fueled by advancements in low-emission and noise-reduction technologies along with stricter air quality regulations. The rising need for power rental solutions during emergencies caused by natural disasters in association with the growing frequency of large-scale events including festivals, concerts and gatherings will further drive the industry expansion. Moreover, the continuous development of commercial and industrial facilities along with the modernization of existing power grid infrastructure will boost the adoption of peak shaving power rental solutions.
 

Gas Fueled Peak Shaving Power Rental Market Analysis

The > 75 kVA - 375 kVA rated gas fueled peak shaving power rental will exceed USD 200 million by 2034. Ongoing surge in the occurrence of weather-related events including cyclones and thunderstorms combined with an increasing dependence on reliable power systems for daily operations will augment the business dynamics. Ongoing technological advancements ensuring quieter operation and reduced noise levels will further enhance the industry landscape. Additionally, supportive regulatory frameworks and the persistent need for advanced power solutions across commercial & industrial sectors will foster a favorable business environment.
 

The oil & gas fueled peak shaving power rental market size will witness a growth rate of over 4% through 2034. Surging demand of temporary power in remote locations including drilling and production operations will escalate the industry potential. Rising focus on decarbonization and the increasing adoption of natural gas fuel will foster the demand for these solutions. Furthermore, advancements in gas engine technologies and remote monitoring systems enable better fuel efficiency, real-time performance tracking, and reduced maintenance, making them a preferred choice for this application.
 

U.S. gas fueled peak shaving power rental market is set to surpass USD 150 million by 2034. Increasing electricity demand during peak hours and the strong focus toward cost-effective energy solutions will shape the business outlook. The transition toward cleaner energy sources supported by federal and state-level emission regulations will propel the product deployment across the country. Additionally, the rise in grid modernization initiatives and renewable energy integration will amplify the demand for flexible and reliable power systems to manage grid stability.
 

The North America gas peak shaving power rental market is poised for significant growth owing to the advancements in high-efficiency systems and the incorporation of innovative technologies. Rising energy costs along with government policies, incentives promoting renewable, and low-emission energy sources will sway the industry expansion. The growing use of smart technologies with remote monitoring and control features improves performance & fuel efficiency will complement business growth.
 

Gas Fueled Peak Shaving Power Rental Market Share

The market is becoming increasingly competitive, with both established industry leaders and new entrants vying for market share in a rapidly evolving landscape. Key players are prioritizing technological advancements to enhance fuel efficiency, reliability, and environmental performance, catering to the growing demand for flexible power solutions. Market growth is driven by rising energy prices, increasing reliance on renewable energy, and the expanding need for backup power in sectors including oil & gas, manufacturing, and utilities. Additionally, the ongoing push for decarbonization and sustainability initiatives further fuels investments in gas-powered peak shaving solutions.
 

Gas Fueled Peak Shaving Power Rental Market Companies

Major players operating in the gas fueled peak shaving power rental industry are:

• Aggreko
• Al Faris
• Atlas Copco
• BPC Power Rentals
• Bredenoord
• Caterpillar
• Cummins
• GEN-TECH
• Global Power Supply
• Modern Hiring Service
• Pon Energy Rental
• PowerLink
• Prime Power Rentals
• Teksan
• Unicel Autotech
   

Gas Fueled Peak Shaving Power Rental Industry News

• In September 2024, Atlas Copco Specialty Rental UK and Ireland announced a multi-million-dollar investment to expand its rental equipment fleet, including power generators, air compressors, and nitrogen generators. The company also grew its team from 36 to 51 employees and upgraded its South Shields and Dundee depots with sustainable technologies. This expansion supports the growing demand for temporary industrial and offshore rental equipment.
   
• In May 2024, Pon Energy Rental signed a contract with Dpend to relocate to a larger facility in the Drammen area, as its previous depot in Tømmersvingen reached capacity. This move underscores the company’s growth and its commitment to environmentally sustainable operations. The new facility in Lier features advanced infrastructure, including dedicated areas for safe machinery preparation and testing. It further enhances Pon Energy Rental’s ability to efficiently meet the increasing demand for its services.
   

This gas fueled peak shaving power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Telecom
• Data Center
• Healthcare
• Oil & Gas
• Electric Utilities
• Offshore
• Manufacturing
• Construction
• Mining
• Marine
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile