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Peak Shaving Power Rental Market Trends

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

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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.

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.