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Standby Power Rental Market Size

Report ID: GMI12461
Published Date: Nov 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Standby Power Rental Market Size in 2024:	USD 9.1 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.8%
2034 Value Projection:	USD 13.4 Billion
Historical Data for:	2021 – 2024
No. of Pages:	125
Tables, Charts & Figures:	40
Segments covered:	Power Rating, End Use, Fuel 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 trend toward renewable power generation

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for standby power rental was reached USD 9.1 billion in 2024 and is estimated to grow at a 3.8% CAGR from 2025 to 2034, driven by stringent environmental regulations promoting efficient power sources.

The > 75 kVA - 375 kVA rated standby power rental segment is projected to surpass USD 750 million by 2034, supported by the increasing occurrence of weather-related events and the need for reliable power systems.

The diesel standby power rental market is expected to grow at a CAGR of approximately 3.5% through 2034, led by robust infrastructure development and rising energy consumption in key regions.

The U.S. standby power rental market is set to exceed USD 4 billion by 2034, fueled by innovations in genset technology and expanding industrial activities.

Key players in the standby power rental industry include 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, and Wartsila.