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 growing enforcement of environmental regulations along with the increasing share of renewable energy sources in the power systems will stimulate the business dynamics. Moreover, the rise in infrastructure growth particularly in emerging economies coupled with the burgeoning demand for reliable temporary power solutions will proliferate the industry scenario. For instance, IEA forecasts examine the demand for electricity as the strongest contributor growing at an average of 3 % a year.
 

Standby gas fueled power rental solution is delivered for get-togethers, events, or construction projects when the electric grid has lower supplies. This allows for a steady flow of reliable electricity in places where access to the grid is either unreliable or impossible including construction sites, remote locations, or industries. Urban migrations paired with construction booms and improvements in gas engine technologies will heavily influence the demand for power rental services. Moreover, integration of IoT systems in these generators which enables efficiency, thereby enhancing business growth.
 

Standby Gas Fueled Power Rental Market Trends

The industry is set to grow owing to the reduction in emissions, noise pollution, and the strict adherence to air quality regulation. 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 segment 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 a growth at a CAGR of over 4% by 2034. The industry is poised for significant growth fueled by the robust development of critical infrastructure comprising of manufacturing plants, hospitals, and data centers. The rising demand for enhanced gensets to support the existing and traditional power grid will encourage the favorable industry scenario.
 

Furthermore, increasing awareness of preserving the environment coupled with the tighter emissions control, replacement of old systems with new automation techniques as well as remote monitoring and advanced control systems will drive 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. Continuous improvements in gas engine technology relating to performance, reliability, and fuel economy in line with global supply and industrial development focusing on oil &gas, construction, and manufacturing will drive the industry growth. Furthermore, the adoption of cap-and-trade systems along with carbon pricing and the increasing shift toward less harmful energy solutions will encourage the product deployment.
 

Standby Gas Fueled Power Rental Market Share

The escalating need for affordable, yet dependable power solutions in the sector, there is fierce rivalry in this industry. Market participants fight against one another based on their rental units of power, including efficiency, dependability, technology, and even regarding fuel consumption and emissions standards. Companies have also started to self-differentiate with their service offerings in addition to power, such as faster response times and well-rounded maintenance 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 announced a plan to expand its supply and project activity in the region. This expansion involved the incorporation of advanced tools and cutting age machinery intended to accomplish diverse industrial needs, within the bounds of dependable operational capacity. The company’s upgraded fleet equipped with state of the art machinery, assuring great dependability and performance, irrespective of the Federated operational environment, which enabled it to strengthen its credibility in the market.
   
• In October 2023, Shenton Group has added 500kVA generators to its rental fleet in fulfillment of the growing demand in various industries. The modern generators boast high-end features including fuel-efficient engines, advanced noise-reduction systems, and remote monitoring capabilities. These advancements ensure that the generators are reliable, efficient, and sustainable. Their innovation speaks volumes to the company’s continued emphasis on meeting the changing dynamics of their clientele.
   

The 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