Gas Fueled Power Rental Market Size

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.

To get key market trends

  Download Free Sample

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.