Global Power Rental Market is expanding rapidly, driven by the increasing need for temporary power solutions across diverse industries. This market encompasses the rental of generators and other power equipment used in sectors such as construction, events, and oil & gas. Key factors fueling this growth include the rising demand for reliable temporary power during large-scale infrastructure projects and events, as well as the necessity for backup power during outages and emergencies.
The Global Power Rental Market, with a base year of 2023, is projected to grow from $11.34 billion in 2024 to $20.36 billion by 2034, reflecting a robust expansion over the forecast period.
Technological advancements, such as improved fuel efficiency and real-time monitoring capabilities, are enhancing the performance and appeal of rental power equipment. Additionally, there is a noticeable shift towards more sustainable and environmentally friendly solutions.
The global power rental market is experiencing strong growth due to heightened awareness of the need for continuous power supply and business continuity. Advancements in smart grids, renewable energy, and energy storage are creating new opportunities for market expansion. Leading players like Aggreko, AKSA Group, and Atlas Copco AB are at the forefront, offering diverse rental power products and services across industries such as construction, oil and gas, and events. These developments underscore the market's promising outlook, driven by the demand for scalable, cost-effective, and environmentally compliant power solutions.
• Peak Load
• Standby Load
• Continuous Load
• Utilities Sector
• Oil and Gas
• Mining and Metals
• Construction
• IT and Data Centres
• Manufacturing
• Other
• Diesel
• Natural Gas
• Others
• Generators
• Transformers
• Load Banks
• Others
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World
The North American power rental market is experiencing notable growth, fueled by the efforts of the United States, Canada, and Mexico. These countries have introduced various policies, incentives, and regulations to encourage the adoption of efficient and sustainable power rental solutions. This growth is largely driven by the increasing demand for reliable power infrastructure and enhanced disaster response capabilities. As these nations continue to prioritize robust and dependable power systems, the region is well-positioned for further expansion in the power rental sector.
• Rising Need for Reliable Power Solutions
• Technological Advancements
• Business Continuity and Risk Management
• Technological Integration
• Expansion in Emerging Markets
• Policy and Incentives
• Infrastructure Constraints
• Environmental Regulations
• Cost of Implementation
The companies featured in the global power rental market have been chosen through insights from primary experts and an analysis of their market coverage, product portfolios, and market penetration.
• Aggreko
• Ashtead Group plc.
• Cummins Inc.
• Generac Power Systems, Inc.
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