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Standby Gas Fueled Power Rental Market Size

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

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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 market

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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.

Standby Gas Fueled Power Rental Market Report Attributes
Report Attribute	Details
Base Year:	2024
Standby Gas Fueled Power Rental Market Size in 2024:	USD 2.2 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	4.3%
2025 – 2034 Value Projection:	USD 3.4 Billion
Historical Data for:	2021 – 2024
No. of Pages:	120
Tables, Charts & Figures:	40
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 trends toward renewable power generation

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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.

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.