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

Peak Shaving Diesel Fueled Power Rental Market Size

The global peak shaving diesel fueled power rental market size was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 3.5% from 2025 to 2034. Stringent environmental regulations toward adoption of energy-efficient power solutions combined with the rising frequency of power outages, natural disasters, and grid failures will accelerate the business potential.
 

The rapid expansion of infrastructure in emerging economies in line with the increasing need for reliable and temporary power solutions will enhance the industry prospects. For instance, the International Energy Agency projects global electricity demand to grow at an average annual rate of over 3%, highlighting the critical need for flexible and responsive power solutions that can manage demand surges and effectively address emergency situations.
 

Peak shaving diesel-fueled power rental refers to the temporary use of diesel-powered generators to meet high electricity demand during peak periods, typically when grid power is insufficient or more expensive. These rental power systems are deployed by businesses or utilities to reduce strain on the main electrical grid, lower energy costs, and ensure an uninterrupted power supply. The increasing pace of urbanization, ongoing construction projects, and advancements in diesel engine technology will drive the demand for power rental services. Additionally, the rising integration of remote monitoring and IoT technology in modern gensets improves control over power output, streamlines maintenance processes, and boosts fuel efficiency, further propelling the business growth.
 

Peak Shaving Diesel Fueled Power Rental Market Trends

The industry is positioned for significant growth driven by the reliability of rental units in delivering consistent power to remote and off-grid locations. The increasing demand for these solutions at events comprising of festivals, concerts, and emergency response operations during natural disasters will accelerate the business expansion. Additionally, the continuous development of industrial and commercial infrastructure facilities in tandem with the ongoing modernization of aging power grid infrastructure will stimulate the demand for diesel fueled power rental solutions.
 

Peak Shaving Diesel Fueled Power Rental Market Analysis

The > 75 kVA - 375 kVA rated segment will exceed USD 750 million by 2034. The increasing frequency of weather-related events including cyclones and thunderstorms along with the critical need for reliable power to support daily operations will escalate the demand for these units. The integration of advanced technological features, including quieter performance and enhanced noise reduction will further enhance the industry growth. Additionally, favorable regulatory policies and the rising demand for cutting-edge power solutions across various areas will accelerate product adoption.
 

The oil & gas peak shaving diesel fueled power rental market size will witness a growth at a CAGR of over 3% by 2034. The industry is poised for significant growth driven by ongoing extraction, refining, and exploration activities that create a constant demand for reliable temporary power solutions. The expansion of oil & gas operations into remote and off-grid areas coupled with a growing dependence on diesel generators for a stable power supply will augment the business landscape. Additionally, the rising need for emergency backup systems to ensure operational continuity and prevent costly disruptions during power outages will bolster the business opportunities.
 

U.S. peak shaving diesel fueled power rental market is set to reach over USD 1 billion by 2034. Ongoing technological advancements in engine systems focused on enhancing performance, reliability, and fuel efficiency, combined with the growth of key industries such as construction, oil & gas, and manufacturing will sway the industry expansion. Moreover, the aging power grid and occasional failures along with the continuous emphasis on improving reliability & reducing operating costs will escalate the product penetration.
 

The Asia Pacific peak shaving diesel fueled power rental market is set for significant growth fueled by the adoption of advanced technologies and the rising demand for efficient power solutions. Rapid urban construction activity coupled with the growing need for reliable, temporary power at construction sites, commercial facilities, and event venues will drive the business expansion. Moreover, the integration of smart technologies to enhance performance and optimize fuel efficiency will further accelerate industry growth.
 

Peak Shaving Diesel Fueled Power Rental Market Share

The competition in the market is driven by the increasing demand for reliable, cost-effective energy solutions, particularly during periods of high electricity consumption. Key players in the market include specialized rental service providers, utility companies, and energy solution firms that offer diesel-powered generators for short-term use. Competitors differentiate themselves through factors including the range and capacity of available generators, pricing models, service quality, and the speed of deployment. Additionally, companies compete by providing flexible rental terms, fuel efficiency, and technological advancements including remote monitoring and maintenance services to ensure seamless operation.
 

Peak Shaving Diesel Fueled Power Rental Market Companies

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

• Aggreko
• APR Energy
• Ashtead Group
• Atlas Copco
• Byrne Equipment Rental
• Caterpillar
• Cummins
• Generac Power Systems
• Herc Rentals
• HIMOINSA
• Modern Hiring Service
• Perennial Technologies
• Power Express Gensets
• Shenton Group
• Sudhir Power
• United Rentals
   

Peak Shaving Diesel Fueled Power Rental Industry News

• In August 2024, Atlas Copco acquired Generator Rental Services, a prominent provider of power rental solutions. This move significantly expanded Atlas Copco's portfolio, enhancing its ability to offer advanced power and temperature control equipment. By acquiring Generator Rental Services, Atlas Copco gained a competitive advantage in the technical power rental market and unlocked new growth opportunities in the Oceania region. This acquisition positions Atlas Copco to deliver customized solutions to key industries such as general manufacturing, power utilities, and civil construction, further broadening its reach in these high-demand sectors.
   
• In February 2024, Byrne Equipment Rental made a strategic move to significantly expand its fleet in response to the increasing demand driven by regional project growth. This investment in cutting-edge machinery and tools is aimed at enhancing operational efficiency and meeting the diverse needs of various industries. The upgraded fleet includes high-performance, reliable equipment designed to excel in demanding and dynamic work environments. This expansion strengthens Byrne’s ability to meet the evolving requirements of its clients, positioning the company to effectively support its customer base and solidify its competitive edge in the market.
   

The peak shaving diesel 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

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