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Power Rental Market Size

Report ID: GMI1321
Published Date: Nov 2024
Report Format: PDF

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Power Rental Market Size

The global power rental market was valued at USD 17.8 billion in 2024 and is estimated to grow at a CAGR of 3.9% from 2025 to 2034. The rapid growth of data centers & escalating costs of unplanned outages in line with the heavy reliance on information sharing and constant communication is significantly driving the rental demand for gensets. The natural disasters including windstorms, tsunamis, and hurricanes are major events that account for most electricity outages, stimulating the product penetration.

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Power rental is a flexible, cost-effective solution for meeting temporary or supplementary power needs across various industries. Businesses often turn to genset rentals to maintain power continuity during scheduled maintenance, respond to unexpected outages, or support high-demand events. Rental generator sets are valued for their scalability, allowing businesses to easily adjust their power capacity according to immediate needs, reducing capital expenditure and ensuring operational efficiency.

Power Rental Market Report Attributes
Report Attribute	Details
Base Year:	2024
Power Rental Market Size in 2024:	USD 17.8 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.9%
2034 Value Projection:	USD 26.5 Billion
Historical Data for:	2021 to 2024
No. of Pages:	125
Tables, Charts & Figures:	40
Segments covered:	Power Rating, Fuel, End Use, Application and Region
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Escalating data center outage costs Flourishing the real estate sector Rapid industrialization & infrastructure development
Pitfalls & Challenges:	Stringent government regulations toward diesel-based equipment Shifting trends toward renewable power generation

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The > 75 kVA - 375 kVA power rental market is projected to exceed USD 8 billion by 2034, supported by rising demand from data centers and government initiatives aimed at advancing digitalization.

The diesel power rental market is projected to grow at a CAGR of over 3.5% by 2034, led by ongoing digitization and the expansion of data centers in developing countries.

The U.S. power rental market is set to reach over USD 5 billion by 2034, driven by government efforts to raise electrification rates and continuous upgrades to aging grid infrastructure.

Major players in the power rental industry include Aggreko, Al Faris Group, Ashtead Group, Atlas Copco, APR Energy, Bredenoord, Byrne Equipment Rental, Caterpillar, Cummins, Energyst, Generac Power Systems, GMMCO Limited, Herc Rentals, HIMOINSA, Kohler-SDMO, Modern Hiring Service, Perennial Technologies, Perfect Hiring Services, Shenton Group, Sudhir Power, United Rentals, and Wagner Equipment.