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Standby Gas Fueled Power Rental Market Trends

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

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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.

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.