Global Power Rental
Market Report
2025
The global power rental market size is USD 10.8 billion in 2024. The power rental market will show strongest growth with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. This growth can be attributed to increasing dependence on automated technology.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Power Rental Market Sales Revenue | $ 10.8 Billion | 121212 | 121212 | 121212 | 5.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Power Rating |
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Market Split by Fuel |
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Market Split by End-Use |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:Growing need for standby power options is anticipated to drive the power rental market's expansion in the years ahead | |
Market Restrains:
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Report scope is customizable as we have a huge database of Power Rental industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Power Rental Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
There are many benefits to power rental, also referred to as power on hire—over power equipment purchases. Among other benefits, rental generators are more cost-effective than purchased generators because they offer greater flexibility in terms of the power rating needed, require less upkeep and installation, are easily rented on short notice, and have lower startup expenses. When it comes to temporary power needs, the absence of grid infrastructure, and maintenance of the current power supply system, manufacturers typically opt to hire generators. Rental power is a common idea for global events that are planned in several locations. In places with poor grid infrastructure, such as the islands found in the Asia-Pacific and Latin American regions, power on hire is typically preferred. One of the main users of renting power is the mining sector. Because mining sites are not connected to the grid, they rely on generator sets that are rented temporarily and used for a defined amount of time to provide electricity. The requirement for rental generators is moderate in the manufacturing industries when it comes to maintaining the current power supply system, such as purchased generator sets, or when additional power is required during periods of high load demand or brief outages. Therefore, industries with inadequate power supplies from grids are crucial to the growth of the power rental market.
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In February 2023, The Cat® XQ330 transportable diesel generator set, which satisfies U.S. EPA Tier 4 Final pollution criteria, is a new power option for prime and standby power applications, according to a statement from Caterpillar Inc. The Cat C9 engine, which uses less gasoline, powers the XQ330. (Source: https://www.cat.com/en_IN/news/engine-press-releases/caterpillar-launches-new-cat-xq330-mobile-generator-set-meeting-advanced-global-emissions-standards.html)
Top Companies Market Share in Power Rental Industry: (In no particular order of Rank)
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According to cognitive market research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The economies of North America are developed, well-established, and heavily industrialized, as well as highly urbanized and infrastructuralized. This increases the need for temporary power solutions across a number of industries, including industry, oil and gas, utilities, events, entertainment, and construction. Because of this, the area has a sizable and varied clientele for power leasing services, which supports market expansion. Furthermore, North America is favorable to the adoption of power rental solutions due to its strong regulatory framework and dependable electricity infrastructure.
Asia-Pacific stands out as the fastest-growing region in the power rental market due to rapid development and urbanization occurring in nations like China and India, which is raising demand for dependable electricity supplies. Power rental services provide these developing economies with an adaptable and effective way to satisfy their varying power needs. Large-scale infrastructure projects are being implemented throughout the region in the areas of electricity, telecommunications, and transportation. Power rental services are in high demand because these projects frequently call for temporary power solutions.
The current report Scope analyzes Power Rental Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Power Rental Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Power Rental Industry growth. Power Rental market has been segmented with the help of its Power Rating, Fuel End-Use, and others. Power Rental market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Construction is the dominant category. Large-scale construction projects necessitate significant power consumption for lights, machinery, and other equipment. Since many building sites are situated in places with little to no grid infrastructure, renting power is a necessary solution. Since the duration and power requirements of construction projects change, renting equipment is a more flexible and affordable choice than buying it. .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Power Rental Industry. Request a Free Sample PDF!
The Power Rental market report also delivers an application-driven analysis that examines how various business offerings cater to the unique demands of different sectors. This section evaluates the market size, growth prospects, and revenue contributions specific to each application, while also highlighting the technological innovations that are shaping these sectors. The report provides a global projection of revenue growth in the Power Rental market, while also breaking down the performance and opportunities in specific regions and countries. By analyzing current trends and identifying future opportunities for each application, this section gives businesses a clearer understanding of the evolving dynamics within the industry and where to focus their efforts for optimal growth during the forecast period. (For a more in-depth review, feel free to request a sample of the pages or reach out to our team directly for further information.)
Some of the key Fuel of Power Rental are:
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Power Rental Market is witnessing significant growth in the near future.
In 2023, the <75 KVA segment accounted for noticeable share of global Power Rental Market and is projected to experience significant growth in the near future.
The Diesel segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Caterpillar Inc., Aggreko and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Power Rating | <75 KVA, 75-375 KVA, 375-750 KVA, >750 KVA |
Fuel | Diesel, Gas, Others |
End-Use | Telecom, Data Center, Healthcare, Oil & Gas, Electric Utilities, Offshore, Manufacturing, Construction, Mining, Marine, Others |
Application | Standby, Peak Shaving, Prime/Continuous |
List of Competitors | 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, APR Energy |
This chapter will help you gain GLOBAL Market Analysis of Power Rental. Further deep in this chapter, you will be able to review Global Power Rental Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Power Rental. Further deep in this chapter, you will be able to review North America Power Rental Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Power Rental. Further deep in this chapter, you will be able to review Europe Power Rental Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Power Rental. Further deep in this chapter, you will be able to review Asia Pacific Power Rental Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Power Rental. Further deep in this chapter, you will be able to review South America Power Rental Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Power Rental. Further deep in this chapter, you will be able to review Middle East and Africa Power Rental Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Power Rental. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 7 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 8 Qualitative Analysis (Subject to Data Availability)
Segmentation Power Rating Analysis 2019 -2031, will provide market size split by Power Rating. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 9 Market Split by Power Rating Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fuel Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-Use Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Power Rental market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why <75 KVA have a significant impact on Power Rental market? |
What are the key factors affecting the <75 KVA and 75-375 KVA of Power Rental Market? |
What is the CAGR/Growth Rate of Diesel during the forecast period? |
By type, which segment accounted for largest share of the global Power Rental Market? |
Which region is expected to dominate the global Power Rental Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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