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

Standby Power Rental Market Size

The global standby power rental market was valued at USD 9.1 billion in 2024 and is estimated to grow at a CAGR of 3.8% from 2025 to 2034. The enforcement of stringent environmental regulations aimed at promoting the use of efficient and dependable power sources will invigorate the industry landscape. The rising number of infrastructure projects across prominent regions coupled with the growing reliance on rental solutions to address high electricity demands will accelerate the business dynamics.
 

Standby power rental refers to the temporary provision of power generation equipment, typically diesel or gas generators, to ensure uninterrupted electricity supply during planned or unplanned outages. The rapid surge in urbanization and a steady influx of construction projects combined with significant advancements in engine technologies will escalate the need for power rental solutions. Additionally, the increasing adoption of IoT and remote monitoring technologies in power generators enhances operational efficiency by enabling optimized fuel usage & streamlined maintenance processes will strengthening the industry expansion.
 

Standby Power Rental Market Trends

The industry is poised for robust growth fueled by advancements in emissions control, reduced noise levels, and compliance with stringent air quality regulations. The rising occurrence of events and entertainment activities including festivals, concerts, and large-scale gatherings coupled with the growing demand for power rental solutions during natural disasters will positively influence the business potential. Moreover, the continuous expansion of commercial and industrial infrastructures facilities in tandem with the modernization of aging power grids will bolster the demand for diesel fueled power rental solutions.
 

Standby Power Rental Market Analysis

The > 75 kVA - 375 kVA rated standby power rental industry will cross USD 750 million by 2034. The increasing occurrence of weather-related events including cyclones and thunderstorms in association with a heightened dependence on reliable power systems for seamless daily operations will complement the product deployment. Ongoing advancements in technology, particularly in reducing noise levels and enhancing quiet operation will further support business growth. In addition, favorable regulatory policies and a steady demand for sophisticated power solutions in both commercial and industrial sectors will create a favorable industry scenario.
 

The diesel standby power rental market size will witness about 3.5% CAGR through 2034, driven by the robust development of infrastructure including data centers, hospitals, and manufacturing facilities. The aging power grid infrastructure combined with rapid economic growth and rising energy consumption in key regions will significantly fuel the business dynamics. Moreover, the increasing emphasis on environmental sustainability and stricter emissions regulations in line with integration of cutting-edge control systems, remote monitoring, and automation technologies will sway the industry dynamics.
 

The U.S. standby power rental market is set to reach over USD 4 billion by 2034. Ongoing innovations in gensets technology which significantly enhance reliability and performance in line with the expanding industrial activities, particularly in sectors comprising of manufacturing, oil & gas, and construction will energize the industry penetration. Moreover, the rise of renewable energy sources combined with initiatives including carbon pricing and emissions reduction targets will proliferate business growth.
 

North America standby power rental market is poised for robust growth driven by the adoption of highly efficient and advanced technological systems. Rising energy costs along with government incentives, policies supporting renewable and low-emission energy sources will boost the industry prospects. Moreover, the increasing integration of smart technologies with remote monitoring and control features will drive the market expansion.
 

Standby Power Rental Market Share

The industry is characterized by intense competition driven by a diverse range of players, from global power rental companies to regional and local providers. Major players focus on offering advanced technologies including remote monitoring and fuel-efficient systems, to differentiate their offerings. Pricing strategies, reliability of equipment, and the ability to provide rapid deployment play a critical role in maintaining a competitive edge. Smaller regional firms often compete by providing flexible, customized solutions and localized customer support.
 

Standby Power Rental Market Companies

Major players operating in the standby power rental industry are:

• Aggreko
• Al Faris
• Atlas Copco
• BPC Power Rentals
• Bredenoord
• Caterpillar
• Cummins
• Finning International
• Herc Rentals
• HIMOINSA
• Rehlko
• Modern Hiring Service
• Pon Energy Rental
• Prime Power Rentals
• Wartsila
   

Standby Power Rental Industry News

• In May 2024, Pon Energy Rental entered a strategic agreement with Dpend to relocate to a state-of-the-art facility in the Drammen area, driven by the need to accommodate its expanding operations beyond the capacity of its current depot in Tommersvingen. The new premises in Lier boast 3,100 m² of outdoor space and 2,000 m² of advanced indoor facilities, including a fully equipped wash bay, a specialized chemical room, and a covered outdoor area designed for the seamless and safe preparation and testing of equipment. This move not only underscores the company’s rapid growth but also reinforces its commitment to operational excellence and environmentally sustainable practices.
   
• In August 2024, Atlas Copco solidified its leadership in the power rental sector with the acquisition of Generator Rental Services, a distinguished provider of innovative power rental solutions. This strategic move enhanced Atlas Copco’s portfolio of specialized power and temperature control equipment, significantly broadening its footprint in the technical power rental market. Moreover, the acquisition established a strong growth platform in the Oceania region, empowering the company to deliver advanced, tailored solutions to key industries, including power utilities, manufacturing, and civil construction.
   

The standby 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

Market, By Fuel

• Diesel
• Gas
• 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
  • Turkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile