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Standby Power Rental Market Trends

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

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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.

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.