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Peak Shaving Power Rental Market Size

Report ID: GMI12222
Published Date: Nov 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Peak Shaving Power Rental Market Size in 2024:	USD 1.8 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	3.9%
2034 Value Projection:	USD 2.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	45
Segments covered:	Power Rating, End Use, Fuel & 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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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for peak shaving power rental was reached USD 1.8 billion in 2024 and is estimated to grow at a 3.9% CAGR from 2025 to 2034, driven by stringent environmental regulations promoting efficient power sources.

The > 75 kVA - 375 kVA rated peak shaving power rental industry will exceed USD 800 million by 2034, due to the increasing frequency of weather-related events and the need for reliable power systems.

The diesel-fueled peak shaving power rental market size will witness about a 3.5% growth rate from 2025 to 2034, led by the rapid development of critical infrastructure such as data centers and hospitals.

The U.S. peak shaving power rental market is set to surpass USD 600 million by 2034, propelled by advancements in gas engine technology and the expansion of industrial activities in sectors like oil & gas and manufacturing.

Major players in the peak shaving power rental industry include 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, and Wartsila.