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

Peak Shaving Power Rental Market Size

The peak shaving power rental market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 3.9% from 2025 to 2034. The ongoing implementation of stringent environmental regulations promoting the adoption of efficient and reliable power source will energize the industry landscape. The surge in infrastructure projects across key regions in line with increasing demand of rental solution to fulfill high electricity and peak load challenges will proliferate the business scenario.
 

Peak shaving power rental refers to the temporary use of rental power systems designed to meet the high energy demands during peak consumption periods, particularly when the demand for electricity exceeds the available supply. The rapid pace of urbanization and ongoing construction activities coupled with advancements in gas engine technologies will accelerate the demand for power rental solutions. Furthermore, the increasing integration of IoT and remote monitoring technologies into these generators facilitates improved management of power output, fuel consumption, and maintenance requirements, which in turn will propel the product penetration.
 

Peak Shaving Power Rental Market Trends

The industry is set for significant growth driven by reduced emissions, lower noise levels and stringent air quality standards. The increasing frequency of events and entertainment activities including large gatherings, festivals, and concerts in association with rising demand for power rental solutions during emergencies caused by natural disasters will further stimulate the industry penetration. Additionally, the ongoing expansion of commercial and industrial facilities in conjunction with the refurbishment of existing power grid infrastructure will positively influence the adoption of gas fueled power rental solution.
 

Peak Shaving Power Rental Market Analysis

The > 75 kVA - 375 kVA rated peak shaving power rental industry will exceed USD 800 million by 2034. The increasing frequency of weather-related events comprising of cyclones and thunderstorms coupled with a growing reliance on dependable power systems for daily operations will escalate the demand for these units. Ongoing technological advancements, particularly improvements in low noise levels and quiet operation will complement the industry scenario. Furthermore, favorable regulatory frameworks and the sustained demand for advanced power solutions in commercial and industrial settings will create a favorable business scenario.
 

The diesel fueled peak shaving power rental market size will witness about 3.5% growth rate from 2025 to 2034, driven by the rapid development of critical infrastructure comprising of data centers, hospitals and manufacturing facilities. The aging power grid infrastructure coupled with rapid economic growth and increasing energy consumption across key regions will positively sway the industry growth. Additionally, rising environmental consciousness & stricter emissions regulations along with the integration of advanced control systems, remote monitoring, and automation technologies will complement the business dynamics.
 

The U.S. peak shaving power rental market is set to surpass USD 600 million by 2034. Ongoing advancements in gas engine technology, which enhance reliability, performance, and fuel efficiency, combined with the expansion of industrial activities particularly in sectors including oil & gas, manufacturing and construction will foster the industry prospects. Additionally, surging renewable energy sources in tandem with initiatives including carbon pricing and emissions reduction targets will encourage the adoption of flexible power solution.
 

The North America peak shaving power rental market is set for substantial growth fueled by high efficiency and the integration of cutting-edge technological systems. Increasing energy prices coupled with supportive policies and incentives from government for renewable & low emission energy sources will propel the business outlook. The increasing adoption of smart technologies featuring remote monitoring and control capabilities enhances performance optimization and fuel efficiency which in turn will augment the industry growth.
 

Peak Shaving Power Rental Market Share

The competition in the peak shaving power rental industry is characterized by a dynamic interplay of numerous players, each vying for market share through differentiated service offerings and strategic innovations. Companies in this sector are focused on providing flexible and efficient power solutions to manage peak demand, thereby helping customers minimize energy costs and optimize resource utilization. The market features a mix of established firms and new entrants, all aiming to capitalize on the growing demand for reliable temporary power solutions, particularly in industries including construction, events, and energy-intensive manufacturing.
 

Peak Shaving Power Rental Market Companies

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

• Aggreko
• Al Faris
• Atlas Copco
• BPC Power Rentals
• Bredenoord
• Caterpillar
• Cummins
• Finning International
• Herc Rentals
• Himoinsa
• Kohler
• Modern Hiring Service
• Pon Energy Rental
• Prime Power Rentals
• Wartsila
   

Peak Shaving Power Rental Industry News

• In May 2024, Pon Energy Rental finalized a contract with Dpend to move to a new location in the Drammen area, following its expansion beyond the capacity of the current depot in Tømmersvingen. The new site in Lier includes 3,100 m² of outdoor space and 2,000 m² of indoor facilities, featuring an integrated wash bay, a dedicated chemical room, and a covered outdoor area for the efficient and safe preparation and testing of machinery and equipment. Moreover, this relocation escalates the company’s growth and its commitment to environmentally sustainable operations.
   
• In August 2024, Atlas Copco Group acquired Generator Rental Services Limited (GRS), a company focused on power rental solutions. This acquisition bolstered Atlas Copco's capacity to offer specialized power and temperature control equipment, expanding its footprint in the technical power rental market. It also created a growth platform in the Oceania region, allowing the company to provide advanced, tailored solutions for sectors including power utilities, general industry, and civil construction.
   

This peak shaving 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:

Click here to Buy Section of this Report

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

Market, By Fuel

• Diesel
• Gas
• 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