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Standby Gas Fueled Power Rental Market Share

Report ID: GMI12362
Published Date: Nov 2024
Report Format: PDF

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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

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for standby gas-fueled power rental was reached USD 2.2 billion in 2024 and is estimated to grow at a 4.3% CAGR from 2025 to 2034, driven by stringent environmental regulations and the integration of renewable energy sources.

The demand for standby gas-fueled power rental units, particularly those rated between 75 kVA and 375 kVA, is expected to exceed USD 1 billion by 2034, due to the increasing frequency of natural disasters and the need for reliable power systems.

The oil & gas standby gas-fueled power rental market is projected to grow at a 4% CAGR up to 2034, fueled by the development of critical infrastructure such as manufacturing plants, hospitals, and data centers.

The U.S. standby gas-fueled power rental market is set to reach over USD 1 billion by 2034, driven by rapid urban construction projects and the adoption of smart technologies for remote monitoring and performance optimization.

Key players in the standby gas-fueled power rental industry include 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, and Wagner Equipment.