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

Gas Fueled Power Rental Market Size

The global gas fueled power rental market size was valued at USD 4.3 billion in 2024 and is estimated to grow at a CAGR of 4.6% from 2025 to 2034. The enforcement of stringent environmental regulations promoting cleaner energy solutions coupled with the incorporation of renewable energy sources within power systems will drive the industry penetration. The surge in infrastructure projects especially in major regions along with the rising demand for reliable temporary power solutions will bolster the business growth. For instance, the International Energy Agency projects that global electricity demand is set to grow at an accelerated rate, averaging over 3% annually through 2026.
 

Gas-fueled power rental refers to the temporary leasing of power generation equipment that runs on natural gas or other gas fuels. These systems are commonly used to supply electricity for short-term needs including during planned maintenance, emergency outages, construction projects, events, or remote operations where grid access is limited or unavailable. The growing pace of urbanization and ongoing construction activities combined with advancements in gas engine technology will propel the demand for power rental solutions. Furthermore, the increasing integration of IoT and remote monitoring systems in these gensets enhances power management by optimizing output, streamlining maintenance requirements, and tracking fuel consumption, which in turn will bolster the industry dynamics.
 

Gas Fueled Power Rental Market Trends

The industry is positioned for robust growth on account of its lower noise output, reduced emissions, and adherence to stringent air quality regulations. The increasing number of events and entertainment activities comprising of festivals, concerts, and large public gatherings along with heightened demand for reliable backup power during natural disasters will drive the business expansion. Additionally, the continuous development of commercial and industrial facilities paired with ongoing upgrades to existing power grid infrastructure will positively contribute the industry growth.
 

Gas Fueled Power Rental Market Analysis

The > 75 kVA - 375 kVA power rating segment will exceed USD 2 billion by 2034. The growing frequency of weather-related incidents including thunderstorms and cyclones coupled with an increasing reliance on dependable power systems to support daily operations will accelerate the demand for these units. Continuous technological advancements including improved noise reduction and quieter operation features will further escalate the business prospects. In addition, supportive regulatory policies and the ongoing need for advanced power solutions in commercial and industrial sectors will influence the product penetration.
 

The standby gas fueled power rental market size will witness growth at a CAGR of over 4% through 2034. The industry is set to experience notable growth driven by the rapid expansion of essential infrastructure including hospitals, manufacturing, and data centers facilities. The aging state of power grids in line with the increased need for reliable gensets to maintain continuous power during outages will create positive business scenario. Moreover, heightened environmental awareness and stricter emissions regulations in association with the integration of advanced control systems, automation technologies, and remote monitoring will enhance industry dynamics.
 

The U.S. gas fueled power rental market is set to surpass USD 1.2 billion by 2034. The rapid expansion of urban construction projects in tandem with consistent demand across building sites, temporary offices, and tools will encourage the business landscape. The increasing adoption of smart technologies that allow for performance optimization and remote monitoring in conjunction with advancements in fuel management and operational efficiency will complement the industry expansion. In addition, government incentives promoting low-emission and cleaner energy solutions combined with heightened awareness of natural disasters and the importance of emergency readiness will strengthen the business prospects.
 

North America gas fueled power rental industry is poised for significant growth fueled by the high efficiency and integration of advanced technological systems in modern units. Continuous advancements in gas engine technologies that improve reliability, performance, and fuel economy combined with the expansion of industrial activities across manufacturing, oil and gas, and construction sectors will stimulate the business growth. Moreover, the implementation of carbon pricing and cap-and-trade programs in various states coupled with the growing shift toward lower-emission power solutions will sway the product adoption.
 

Gas Fueled Power Rental Market Share

The competition within the gas fueled power rental industry is characterized by a combination of established multinational companies and regional players striving to strengthen their market presence. Major competitors focus on offering technologically advanced products that emphasize high efficiency, reliability, and lower emissions to align with evolving environmental regulations and customer preferences. This competition is intensified by the continuous innovation in engine technology, including enhancements for better fuel efficiency, noise reduction, and remote monitoring capabilities.
 

Gas Fueled Power Rental Market Companies

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

• Aggreko
• Ashtead Group
• Bredenoord
• Byrne Equipment Rental
• Caterpillar
• Cummins
• Generac Power Systems
• GMMCO
• Herc Rentals
• HIMOINSA
• Modern Hiring Service
• Perennial Technologies
• Shenton Group
• Sudhir Power
• United Rentals
• Wagner Equipment
   

Gas Fueled Power Rental Industry News

• In February 2024, Byrne Equipment Rental, a regional leader with a fleet of over 15,000 rental assets, announced a significant expansion to meet the growing demand spurred by increased project activity across the region. The expansion includes the addition of innovative machinery and tools, strategically selected to improve operational efficiency and cater to a wide variety of industrial applications. Byrne’s enhanced fleet is equipped with top-tier equipment, ensuring high levels of reliability and performance across diverse operational environments, solidifying its position as a trusted provider in the industry.
   
• In October 2023, Shenton Group, a leading provider of power and energy solutions, bolstered its rental fleet by adding 500kVA generators to address the growing demand across various industries. These high-capacity generators come equipped with cutting-edge features, including fuel-efficient engines, advanced noise reduction technology, and remote monitoring capabilities. These innovations ensure that the generators provide reliable, efficient, and sustainable power solutions, catering to diverse applications and reinforcing Shenton Group's commitment to meeting the evolving needs of its customers.
   

The gas fueled 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

Market, By Application

• Standby
• Peak shaving
• Prime/continuous

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
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile