Introduction

Power Rental Market was valued at US$ 11 Billion in 2024 and is projected to grow at a CAGR of 7.00% to reach US$ 20.3 Billion by 2034.

Power rental companies offer a wide range of power generation equipment, such as diesel generators, gas generators, natural gas generators, and mobile power plants. These generators come in various sizes and capacities to meet different power requirements. Power Rental offers a versatile and cost-effective alternative to organizations and individuals who demand power on a temporary or short-term basis. Specialized companies that own and operate a fleet of power generation equipment generally provide power rental services.

The global demand for electricity continues to rise due to population growth, urbanization, and industrialization. Power Rental Market services provide a quick and flexible solution to meet temporary or additional power needs during peak demand periods, planned maintenance, or unexpected outages. Infrastructure projects, such as construction, transportation, and energy sectors, often require temporary power supply during the development phase. The expansion of these industries is likely to drive the demand for power rental services.  

Increasing Power Demand

Rapid urbanization and ongoing infrastructure projects, such as construction of buildings, roads, bridges, and other facilities, require temporary power supply during the construction phase. Power rental services provide a flexible and efficient solution to meet these short-term power needs. The expansion of the events and entertainment industry, including music festivals, concerts, sports events, trade shows, and corporate gatherings, demands reliable power supply to support the lighting, sound systems, and other equipment necessary for these large-scale events.  

Restrains:

Power rental companies may face increased costs to comply with stringent environmental regulations. Investing in more environmentally friendly generators or retrofitting existing equipment to meet emission standards can be expensive. Environmental regulations can vary significantly from one region to another, making it challenging for power rental companies to operate across multiple jurisdictions. Complying with different sets of regulations may increase administrative burdens and costs.  

Power Rental Market is segmented based on Application, End-Use and Region.

Application Insight

On the basis of Application, Power Rental Market is segmented into Peak Shaving, Continuous Power, and Standby Power. Peak Shaving is expected to dominate the target market growth peak shaving involves using power rental solutions during peak demand periods to offset high electricity consumption and reduce peak power charges from utility providers.    

End-Use Insights

On the basis of End-Use, Power Rental Market is segmented into Government, Oil and Gas, Construction, Industrial, Events, and Others. Construction are expected to dominate the target market growth as the construction industry is one of the primary users of power rental services. Construction sites often require a temporary and reliable power supply to run tools, equipment, site offices, and other electrical systems. Power rental companies provide generators and related equipment to meet the varying power demands of construction projects, which can range from small-scale residential developments to large-scale infrastructure projects.

Regional Insights:

On the basis of region the Power Rental Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to witness significant revenue growth in the Power Rental market in the coming years. The power rental market in North America is highly competitive, with numerous established players and regional service providers. Some of the major players in the region include United Rentals, Aggreko, Herc Rentals, Sunbelt Rentals, and Caterpillar Inc., among others. In North America, power leasing services are used in a variety of industries, including construction, events and entertainment, oil and gas, industry, utilities, government, telecommunications, data centers, and emergency response.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Application - Peak Shaving, Continuous Power, and Standby Power By End-Use - Government, Oil and Gas, Construction, Industrial, Events, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Power Rental Market report based on Application, End-Use and Region:

Power Rental Market, By Application:

• Peak Shaving
• Continuous Power
• Standby Power

Power Rental Market, By End-Use:

• Government
• Oil and Gas
• Construction
• Industrial
• Events
• Others

Power Rental Market, By Region:

• North America
  • Middle East & Africa
    • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
    • Canada

The key players operating the Power Rental Market includes, Aggreko PLC., Caterpillar Inc., Ashtead Group PLC., Cummins Inc., Atlas Copco CB, Speedy Hire PLC, Kohler Co., Hertz Corporation, Soenergy International Inc., and Rental Solutions & Services LLC.

• Aggreko PLC.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Caterpillar Inc.
• Ashtead Group PLC.
• Cummins Inc.
• Atlas Copco CB
• Speedy Hire PLC
• Kohler Co.
• Hertz Corporation
• Soenergy International Inc.
• Rental Solutions & Services LLC.

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

• In July 2019, Godrej Material Handling, a division of Godrej & Boyce Mfg. Co. Ltd., has introduced Godrej RenTRUST, a new equipment rental brand that will provide customers with 360-degree solutions that include manpower, machine, fuel, and maintenance. In the material handling business, capital expenditure on equipment accounts for only 13% of total cost of ownership (TCO) to the consumer. The new rental solutions brand Godrej RenTRUST will address the remaining 87% of the TCO pie. The organization is consistently at the forefront of innovation, using cutting-edge technologies to provide our customers with best-in-class solutions. Customers will receive end-to-end solutions from Godrej RenTRUST.

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for medical carts Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Application
     • Market Snippet, By End-use
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restrains
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Peak Shaving
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Continuous Power
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Standby Power
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Market Segmentation, By End-use, Forecast Period up to 10 Years, (US$ Bn)
   • Overview                                      
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%)
     • Segment Trends
   • Government
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Oil and Gas
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Construction
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Industrial
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Events
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
2. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By End-use, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By End-use, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By End-use, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific

•  
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Aggreko PLC.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Caterpillar Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Ashtead Group PLC.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cummins Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Atlas Copco CB
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Speedy Hire PLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Kohler Co.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hertz Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Soenergy International Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Rental Solutions & Services LLC.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact