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Peak Shaving Diesel Fueled Power Rental Market Size

Report ID: GMI12493
Published Date: Dec 2024
Report Format: PDF

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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.

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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 Market Report Attributes
Report Attribute	Details
Base Year:	2024
Peak Shaving Diesel Fueled Power Rental Market Size in 2024:	USD 1.8 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	3.5%
2034 Value Projection:	USD 2.5 Billion
Historical Data for:	2021 - 2024
No. of Pages:	120
Tables, Charts & Figures:	35
Segments covered:	Power Rating, End Use and Region
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Unreliable grid infrastructure coupled with rapid population growth Rapid industrialization & infrastructure development
Pitfalls & Challenges:	Shifting trend toward renewable power generation

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global peak shaving diesel-fueled power rental industry was valued at USD 1.8 billion in 2024 and is estimated to grow at a 3.5% CAGR from 2025 to 2034, driven by stringent environmental regulations and increasing power outages.

The 75 kVA - 375 kVA rated segment is expected to exceed USD 750 million by 2034 due to the increasing frequency of weather-related events and the critical need for reliable power.

The U.S. market is set to reach over USD 1 billion by 2034, propelled by technological advancements in engine systems and the growth of key industries such as construction, oil & gas, and manufacturing.

Key players in the industry include Aggreko, APR Energy, Ashtead Group, Atlas Copco, Byrne Equipment Rental, Caterpillar, Cummins, Generac Power Systems, Herc Rentals, HIMOINSA, and Modern Hiring Service.