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Peak Shaving Diesel Fueled Power Rental Market Trends

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

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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.

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.