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Power Rental Market Trends

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

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Power Rental Market Trends

Growing consumer awareness and rising demand for enhanced reliability and zero downtime are driving the need for power rental equipment. Population growth and a higher standard of living, along with a thriving real estate sector, are positively influencing the industry outlook. Increased investment in infrastructure and rapid expansion of manufacturing facilities are boosting business prospects. Additionally, government initiatives and funding for industrial facility development are supporting the adoption of these units.

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.