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 global peak shaving power rental market size 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 sources 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. Additionally, the enhanced integration of IoT and remote monitoring tools in the generators assists in better management of power output, fuel consumption, maintenance, which in turn will escalate 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 peak shaving power rental rated from > 75 kVA - 375 kVA will exceed USD 800 million by 2034. The rising occurrence of weather phenomena including cyclones and thunderstorms in conjunction with increased dependence on reliable power systems to carry out day to day activities will escalate the need for these units. Ongoing technological advancements, particularly improvements in low noise levels and quiet operation will complement the industry scenario.
 

The diesel fueled peak shaving power rental market size will witness growth rate of over 3.5% through 2034. The industry is poised for robust growth 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. Moreover, the increased environmental concern and the control of emissions along with the implementation of sophisticated control systems, remote monitoring and automation will amplify 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 industry prospects. Additionally, expanding renewable energy resources together with initiatives such as carbon pricing and lowering of emissions will promote the development of flexible power Solution.
 

The Asia Pacific 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 revolves around various players striving for customer allocation through productive service competition and innovation. Companies are now concentrating on offering services that have high flexibility and efficiency ability in prime time power management to assist customers in reducing the costs of energy and maximizing the utilization of the resources. The market has a blend of old players and new entrants all of whom wish to benefit from the increasing need for reliable temporary power services in construction, events and energy demanding industries.
 

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 has been developed as the company’s largest location. It is complemented by 3,100 square meters of outdoor space and 2,000 square meters of indoor facilities, which include an integrated wash bay, chemical room, and an outdoor covered space for machinery and equipment preparation and testing in a safe and efficient manner.
   
• In August 2024, Atlas Copco Group acquired Generator Rental Services Limited (GRS), a company focused on power rental solutions. This acquisition raised Atlas Copco's competitive edge in the supply of specialized power and temperature control equipment and further solidified its standing in the technical power rental market. This also established an additional region for expansion within Oceania enabling the company to supply more sophisticated and tailored solutions for power utilities, general industrial, and civil construction industries.
   

The 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
  • Turkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile