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Prime Diesel Fueled Power Rental Market Size

Report ID: GMI12384
Published Date: Nov 2024
Report Format: PDF

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Prime Diesel Fueled Power Rental Market Size

The global prime diesel fueled power rental market size was valued at USD 4.9 billion in 2024 and is estimated to grow at a CAGR of 3.6% from 2025 to 2034. Stringent environmental regulations promoting energy-efficient power solutions coupled with the growing frequency of power outages, grid failures, and natural disasters will stimulate the business growth. Expanding infrastructure development in emerging economies in association with increasing demand for reliable and temporary power solutions will augment the industry landscape.

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For instance, the International Energy Agency forecasts global electricity demand to rise at an average annual rate of over 3%, underscoring the urgent need for adaptable and responsive power solutions capable of managing demand spikes & addressing emergency situations.

Prime Diesel Fueled Power Rental Market Report Attributes
Report Attribute	Details
Base Year:	2024
Prime Diesel Fueled Power Rental Market Size in 2024:	USD 4.9 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	3.6%
2034 Value Projection:	USD 7.1 Billion
Historical Data for:	2021 - 2024
No. of Pages:	120
Tables, Charts & Figures:	35
Segments covered:	Power Rating, End Use and 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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Prime diesel fueled power rental refers to the provision of temporary power solutions using diesel gensets designed for continuous operation at variable load conditions over extended periods. These rental power systems are typically employed in scenarios where the primary power source is unavailable, insufficient, or impractical, ensuring reliable electricity supply for industrial, commercial, and critical infrastructure applications. Rapid urbanization, active construction projects, and advancements in diesel engines will fuel the demand for power rental services.

Moreover, the growing adoption of remote monitoring and IoT technology in modern generator sets enhances control over power output, simplifies maintenance, and optimizes fuel efficiency, which will encourage industry momentum.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of prime diesel-fueled power rental reached USD 4.9 billion in 2024 and is set to grow at a 3.6% CAGR from 2025 to 2034, driven by stringent environmental regulations and increasing power outages.

The oil & gas segment is expected to grow at a CAGR of over 3% through 2034, led by ongoing extraction, exploration, and refining activities.

The U.S. market is set to reach over USD 150 million by 2034, driven by technological advancements in engine systems and growth in key industries.

The key players in the industry include Aggreko, Ashtead Group, Atlas Copco, Bredenoord, Byrne Equipment Rental, Caterpillar, Cummins, Generac Power Systems, Herc Rentals, HIMOINSA, Modern Hiring Service, Perennial Technologies, Power Express Gensets, Shenton Group, Sudhir Power, and United Rentals.