Power Rental Market Demand, Share, Trends, Challenges and Future Opportunities 2034
Power Rental Market Growth, Size, Trends Analysis - By Fuel Type, By Equipment, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: POAE2520 | Pages: 1 - 255 | Formats*: |
| Category : Power & Energy | |||
Power Rental Market Introduction and Overview
According to SPER Market Research, the Global Power Rental Market is estimated to reach USD 20.66 billion by 2034 with a CAGR of 6.36%.
The report includes an in-depth analysis of the Global Power Rental Market, including market size and trends, product mix, Applications, and supplier analysis. The global power rental market is predicted to reach USD 11.15 billion in 2024, growing at a CAGR of 6.36% between 2025 and 2034. Several significant reasons contribute to market growth, making it an important component in a variety of sectors. One of the key delivers is the increasing requirement for reliable power supply. Many sectors, particularly those in developing countries, experience frequent power outages or a lack of dependable grid infrastructure. Power rental solutions provide a flexible and quick alternative for ensuring continuous operations in industries such as construction, manufacturing, and oil and gas. The demand for temporary power solutions is increasing as these industries become more reliant on them.
By Fuel Type Insights
The diesel segment had the largest revenue share in 2024. Diesel fuel continues to lead the power rental market due to important factors. Diesel generators are popular for their high efficiency, reliability, and capacity to produce large power amounts at low operational costs. In industries like construction, mining, and oil & gas, where operations may be in remote areas, diesel generators provide a reliable solution for temporary and emergency power needs. The global availability and easy transportation of diesel fuel make it a practical option, especially in developing regions with unreliable grid infrastructure.
By Equipment Insights
The generators segment held the largest revenue share in 2024. The rising need for continuous and reliable power in industries like construction, oil & gas, mining, and manufacturing drives the demand for generator rentals. These sectors often operate in remote areas where power supply is unstable, making generators vital for temporary power needs. The increasing frequency of natural disasters and grid failures has also led to a greater need for rental generators as backup power to prevent disruptions and financial losses.
The transformer rental segment is seeing more demand for smart transformers that enable real-time monitoring and energy optimization. Companies are adopting advanced technologies for better efficiency, including features like predictive maintenance and automated fault detection. There is also a trend toward sustainable transformers that aim to reduce energy losses and environmental impact, responding to global calls for greener energy and compliance with stricter emissions regulations.
By End User Insights
The construction segment saw the highest revenue share in 2024 due to the need for power in remote areas where grid power is not available or unreliable. Rental power equipment helps avoid delays in large infrastructure projects, as construction power needs change throughout different project phases, making renting more cost-effective than investing in permanent power setups.
The events sector is another important user, requiring reliable temporary power for concerts, festivals, sports, exhibitions, and corporate events. These activities often occur in places without stable power systems. As events expand, the need for nonstop power for lighting, sound, catering, and security becomes crucial. Renting tailored generators helps event organizers operate efficiently and economically.
Regional Insights
Asia Pacific led the global power rental market, holding the largest revenue share in 2024. The region is growing quickly due to urbanization, industrial growth, and more infrastructure projects in countries like India, China, and Southeast Asia. A major trend is the rising need for temporary power in construction as governments invest in roads, bridges, and railways. Additionally, there is a growing demand for reliable power in remote areas, especially in mining and oil & gas.
In North America, the power rental market is also growing steadily. This growth is mainly due to aging power infrastructure and frequent outages in the U.S., leading industries like construction and event management to depend more on rental power.
Market Competitive Landscape
The Power Rental market is characterised by a competitive landscape with significant competitors including Caterpillar Inc., Cummins Inc., Aggreko, Atlas Copco, Kohler-SDMO, and others. These organisations are focussing on R&D to improve their product offerings and address the growing need for power backup solutions. Companies are also pursuing strategic collaborations and innovations to improve their market positions and efficiently meet client needs.
Recent Developments:
https://www.sperresearch.com/report-store/power-rental-market?sample=1- Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC were purchased by United Rentals, Inc. in March 2024 for a total of USD 1.1 billion.
- The Cat® XQ330 mobile diesel generator set, a novel power solution for prime and standby power applications that satisfies U.S. EPA Tier 4 Final emission criteria, was unveiled by Caterpillar Inc. in February 2023. The Cat C9, which uses less fuel, powers the XQ330.
- October 2023 – Shenton Group, a reputable provider of power and energy solutions, is delighted to announce the addition of 500 kVA generators to its rental fleet. Shenton Group, known for its client satisfaction and efficient service, now provides these high-capacity generators for hire to fulfil expanding demand across industries.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Fuel Type, By Equipment, By End-User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Caterpillar Inc, Cummins Inc, Aggreko, Atlas Copco, Kohler-SDMO, Shenton Group, NIDS GROUP, Jassim Transport & Stevedoring Co. K.S.C.C, Pump Power Rental, United Rentals, Sudhir Power Ltd, Modern Hiring Service, Newburn Power Rental Ltd, Global Power Supply, FG Wilson, ProPower Rental. |
- Global Power Rental Market Size (FY’2021-FY’2034)
- Overview of Global Power Rental Market
- Segmentation of Global Power Rental Market By Fuel Type (Diesel, Natural Gas, Other Fuel Type)
- Segmentation of Global Power Rental Market By Equipment (Generators, Transformers, Load Banks, Other Equipment)
- Segmentation of Global Power Rental Market By End User (Mining, Construction, Manufacturing, Utility, Events, Oil & Gas, Others)
- Statistical Snap of Global Power Rental Market
- Expansion Analysis of Global Power Rental Market
- Problems and Obstacles in Global Power Rental Market
- Competitive Landscape in the Global Power Rental Market
- Details on Current Investment in Global Power Rental Market
- Competitive Analysis of Global Power Rental Market
- Prominent Players in the Global Power Rental Market
- SWOT Analysis of Global Power Rental Market
- Global Power Rental Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Power Rental Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Global Power Rental Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Market
7. Global Power Rental Market, By Fuel Type (USD Million) 2021-2034
7.1. Diesel7.2. Natural Gas7.3. Other Fuel Type
8. Global Power Rental Market, By Equipment (USD Million) 2021-2034
8.1. Generators8.2. Transformers8.3. Load Banks8.4. Other Equipment
9. Global Power Rental Market, By End User (USD Million) 2021-2034
9.1. Mining9.2. Construction9.3. Manufacturing9.4. Utility9.5. Events9.6. Oil & Gas9.7. Others
10. Global Power Rental Market, (USD Million) 2021-2034
10.1. Global Power Rental Market Size and Market Share
11. Global Power Rental Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. Aggreko
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. APR Energy
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Atlas Copco
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Caterpillar Inc
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Cummins Inc
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. FG Wilson
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Global Power Supply
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Jassim Transport & Stevedoring Co. K.S.C.C
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Kohler-SDMO
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Modern Hiring Service
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Newburn Power Rental Ltd
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. NIDS GROUP
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. ProPower Rental
12.13.1. Company details12.13.2. Financial outlook12.13.3. Product summary12.13.4. Recent developments
12.14. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Power Rental Market size is USD 20.66 from 2025 to 2034.
Power Rental Market is projected to reach USD 20.66 by 2034, growing at a CAGR of 6.36% during the forecast period.
Power Rental Market size from 2025. The Market is expected to reach USD 20.66 by 2034, at a CAGR of 6.36% during the forecast period.
Power Rental Market CAGR of 6.36% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Power Rental Market covered By Fuel Type, By Equipment, By End-User
The North America is anticipated to have the highest Market share in the Power Rental Market .
Caterpillar Inc, Cummins Inc, Aggreko, Atlas Copco, Kohler-SDMO, Shenton Group, NIDS GROUP, Jassim Transport & Stevedoring Co. K.S.C.C, Pump Power Rental, United Rentals, Sudhir Power Ltd, Modern Hiring Service, Newburn Power Rental Ltd, Global Power Supply, FG Wilson, ProPower Rental.
The report includes an in-depth analysis of the Global Power Rental Market, including market size and trends, product mix, Applications, and supplier analysis.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
