Standby Gas Fueled Power Rental Market Size – By Power Rating, By End Use, Analysis, Share, Growth Forecast, 2025 – 2034

Standby Gas Fueled Power Rental Market Size

The global standby gas fueled power rental market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of 4.3% from 2025 to 2034. The enforcement of rigorous environmental regulations in line with the growing integration of renewable energy sources into power systems will proliferate the industry dynamics. Moreover, the surge in infrastructure development particularly in key geographies coupled with the increasing demand for dependable temporary power solutions will encourage the business scenario. For instance, the International Energy Agency forecasts a robust rise in global electricity demand, projecting an annual growth rate of over 3%.
 

Standby gas fueled power rental refers to the provision of temporary electricity generation solutions powered by natural gas, typically used as a backup during power outages, emergencies, or to meet peak demand. These rental power systems are designed to ensure reliable and continuous electricity supply in various industries, construction sites, events, or remote locations, where grid access may be limited or unavailable. The rapid urbanization and continuous expansion of construction activities along with advancements in gas engine technology will fuel the demand for power rental solutions.
 

In addition, the growing integration of remote monitoring and IoT systems in these gensets are transforming power management by optimizing performance, tracking fuel efficiency, and simplifying maintenance, which in turn will fortify the business dynamics.
 

Standby Gas Fueled Power Rental Market Trends

The industry is poised for substantial growth owing to its reduced emissions, lower noise levels, and compliance with stringent air quality standards. The rising number of events including concerts, large public gatherings and festivals coupled with an increasing demand for reliable backup power during natural disasters will foster the business expansion. Moreover, ongoing development of industrial and commercial infrastructure in conjunction with continuous modernization of existing power grid systems will stimulate the demand for gas fueled power rental.
 

Standby Gas Fueled Power Rental Market Analysis

The > 75 kVA - 375 kVA rated standby gas fueled power rental industry will exceed USD 1 billion by 2034. The rising frequency of natural disasters comprising of cyclones & thunderstorms combined with an increasing reliance on reliable power systems for daily operations will stimulate the demand for these units. Ongoing technological advancements particularly in noise reduction and quieter operation features will significantly fuel the business opportunities. Additionally, favorable regulatory policies in line with the growing need for advanced power solutions across wide multitude of application areas will contribute the product penetration.
 

The oil & gas standby gas fueled power rental market size will witness about 4% CAGR up to 2034, fueled by the robust development of critical infrastructure comprising of manufacturing plants, hospitals and data centers. The aging power grid infrastructure in tandem with the rising demand for reliable generators to ensure uninterrupted power during outages will create a favorable business environment. Furthermore, increasing environmental consciousness and stricter emissions regulations along with the integration of automation technologies, remote monitoring, and advanced control systems will complement the business outlook.
 

U.S. standby gas fueled power rental market is set to reach over USD 1 billion by 2034. The rapid growth of urban construction projects along with sustained demand across building sites and temporary offices will propel the business growth. The increasing adoption of smart technologies that enable remote monitoring and performance optimization combined with advancements in operational efficiency and fuel management will further sway the industry expansion. Furthermore, government incentives supporting low-emission and clean energy solutions coupled with rising awareness of natural disasters and the critical need for emergency preparedness will augment the business scenario.
 

North America gas fueled power rental market will witness an upsurge on account of paradigm shift toward high efficiency and integration of cutting-edge technological systems in modern units. Ongoing advancements in gas engine technologies enhancing performance, reliability, and fuel economy combined with the expansion of industrial activities in sectors including oil & gas, construction and manufacturing will accelerate the industry growth. Moreover, the introduction of carbon pricing and cap-and-trade programs coupled with the increasing shift toward low-emission power solutions will positively influence the product adoption.
 

Standby Gas Fueled Power Rental Market Share

The competition in the industry is intense driven by the increasing demand for reliable and cost-effective temporary power solutions across various industries. Key players in the market compete based on factors including the efficiency, reliability, and technological sophistication of their power rental units, as well as fuel economy and emissions standards compliance. Companies are also differentiating themselves through service offerings including customized power solutions, fast response times, and robust maintenance and support services.
 

Standby Gas Fueled Power Rental Market Companies

Major players operating in the standby gas fueled power rental industry are:

• Aggreko
• Ashtead Group
• Bredenoord
• Byrne Equipment Rental
• Caterpillar
• Cummins
• Generac Power Systems
• GMMCO
• Herc Rentals
• HIMOINSA
• Modern Hiring Service
• Shenton Group
• Sudhir Power
• United Rentals
• Wagner Equipment
   

Standby Gas Fueled Power Rental Industry News

• In February 2024, Byrne Equipment Rental, a regional leader with a fleet of over 15,000 rental assets, announced a strategic expansion to meet the surging demand driven by heightened project activity across the region. This expansion includes the addition of cutting-edge machinery and tools, carefully selected to boost operational efficiency and address a broad range of industrial needs. Byrne’s upgraded fleet is outfitted with top-of-the-line equipment, ensuring exceptional reliability and performance across various operational environments, further reinforcing its reputation as a trusted and reliable provider in the industry.
   
• In October 2023, Shenton Group, a leading provider of power and energy solutions, enhanced its rental fleet by adding 500kVA generators to meet the growing demand across various industries. These high-capacity generators are equipped with state-of-the-art features, including fuel-efficient engines, advanced noise reduction technology, and remote monitoring capabilities. These innovations ensure that the generators deliver reliable, efficient, and sustainable power solutions for a wide range of applications, underscoring Shenton Group's commitment to fulfilling the evolving needs of its customers.
   

This standby gas fueled power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Telecom
• Data Center
• Healthcare
• Oil & Gas
• Electric Utilities
• Offshore
• Manufacturing
• Construction
• Mining
• Marine
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile