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Gas Fueled Power Rental Market Trends

Report ID: GMI11059
Published Date: Nov 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of gas-fueled power rental reached USD 4.3 billion in 2024 and is set to grow at a 4.6% CAGR from 2025 to 2034, driven by stringent environmental regulations promoting cleaner energy solutions.

The 75 kVA - 375 kVA power rating segment is projected to exceed USD 2 billion by 2034, led by the growing frequency of weather-related incidents and the need for dependable power systems.

The U.S. market is set to surpass USD 1.2 billion by 2034, propelled by the rapid expansion of urban construction projects and the consistent demand across building sites and temporary offices.

The key players in the industry include 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, and Wagner Equipment.