Global Power Rental Systems Market size to Exceed USD 68.76 Billion by 2035 | CAGR of 8.92%
Category: Energy & PowerGlobal Power Rental Systems Market size to Exceed USD 68.76 Billion by 2035
According to a research report published by Spherical Insights & Consulting, The Global Power Rental Systems Market size is Expected to Grow from USD 26.87 Billion in 2024 to USD 68.76 Billion by 2035, at a CAGR of 8.92% during the forecast period 2025-2035.
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Browse 250 Market Data Tables And 119 Figures Spread Through Pages and In-Depth TOC On The "the Global Power Rental Systems Market Size, Share, and COVID-19 Impact Analysis, By Application (Peak Shaving, Continuous Power and Standby), By End-use (Government and Utilities, Oil & Gas, Construction, Industrial, Event Management, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/power-rental-systems-market
The power rental systems market includes temporary power solutions provided through generators and related equipment, used across industries for backup, peak shaving, or continuous power needs, especially in areas with unreliable grids or during emergencies. The growth of the power rental systems market is driven by increasing industrialization, urbanization, and the demand for reliable electricity, particularly in areas with weak grid infrastructure. Frequent outages, emergency power needs, and the expansion of construction and infrastructure projects further boost demand. The mining sector, operating in remote locations, heavily relies on rental generators due to the temporary nature of projects and lack of grid access. Manufacturing industries also use rental power to manage peak loads and system maintenance. Technological advancements, including hybrid systems and improved fuel efficiency, enhance the appeal of rental solutions by reducing emissions and operational costs. However, challenges such as fuel price volatility, environmental regulations, infrastructure limitations, and market saturation create barriers. Regional compliance and shifting consumer need due to renewable energy trends push rental companies to innovate. The integration of clean energy and development of high-capacity, low-emission generators indicate a strong growth outlook, especially in mining and industrial sectors that require consistent, high-power output.
The continuous power segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the application, the power rental systems market is divided into peak shaving, continuous power and standby. Among these, the continuous power segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. This increase is due to the growing demand for dependable electricity in the oil and gas, construction, and mining industries. Furthermore, these sectors frequently operate in distant locations with limited grid connectivity, demanding a consistent power source for extended periods of time. Furthermore, continuous power rental solutions ensure ongoing operations, support key infrastructure, and allow organisations to retain production without fear of interruptions, improving operational efficiency and reliability.
The government and utilities segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end use, the power rental systems market is divided into government and utilities, oil & gas, construction, industrial, event management, and otheers. Among these, the government and utilities segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The growing demand for a consistent, uninterrupted power supply. Furthermore, many locations, particularly developing areas, struggle with inadequate grid infrastructure, resulting in frequent outages. Power rental solutions give a flexible and rapid response to these difficulties, ensuring that critical services are maintained. Furthermore, government activities focused at infrastructure development and urbanisation drive up the demand for temporary power solutions to support a variety of public projects.
North America is expected to hold the majority share of the global Power Rental Systems market during the forecast period.
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North America is expected to hold the majority share of the global Power Rental Systems market during the forecast period. Fuelled by electricity infrastructure and frequent outages. Construction, oil and gas, and event management industries are increasingly relying on rental generators to provide a reliable backup during crises or planned maintenance. Furthermore, increasing awareness of the need of continuous operations drives this market sector. Furthermore, natural calamities force enterprises to seek temporary power solutions fast, emphasising the need of rental services in ensuring operational continuity.
Asia Pacific is anticipated to grow at the fastest pace in the global Power Rental Systems market during the forecast period. The increased industrialisation and urbanisation throughout the region. Countries such as India and China are seeing substantial infrastructure expansion, necessitating reliable temporary power solutions. In addition, frequent power outages and limited grid access in many locations contribute to the need for rental generators. Furthermore, the growing use of renewable energy sources pushes enterprises to use power renting systems as a flexible way to satisfy their energy requirements during peak times and emergencies.
Major vendors in the global Power Rental Systems market are Aggreko, Herc Rentals Inc., APR Energy, Caterpillar, United Rentals, Inc., Cummins Inc., Ashtead Group plc, Atlas Copco AB, Al Faris, Shenton Group, Hertz System, Inc., Kohler Co., Bredenoord, HIMOINSA, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- October 2024, Power Engineering India Pvt Ltd, at its Banda facility, introduced its newest innovation: Glass Reinforced Polymer (GRP) Diesel Generators. This revolutionary product, designed with advanced engineering materials, established new industry standards for durability, aesthetics, and environmental sustainability.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the power rental systems market based on the below-mentioned segments:
Global Power Rental Systems Market, By Application
- Peak Shaving
- Continuous Power
- Standby
Global Power Rental Systems Market, By End Use
- Government and Utilities
- Oil & Gas
- Construction
- Industrial
- Event Management
- Others
Global Power Rental Systems Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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