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 to 2035

Global Power Rental Systems Market Insights Forecasts to 2035

• The Global Power Rental Systems Market Size Was Estimated at USD 26.87 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.92% from 2025 to 2035
• The Worldwide Power Rental Systems Market Size is Expected to Reach USD 68.76 Billion by 2035
• Asia Pacific is expected to grow the fastest during the forecast period.

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According to a research report published by Spherical Insights and Consulting, the global Power Rental Systems Market Size was worth around USD 26.87 Billion in 2024 and is predicted to grow to around USD 68.76 Billion by 2035 with a compound annual growth rate (CAGR) of 8.92% from 2025 to 2035. This expansion is ascribed to growing urbanisation and industrialisation, which raises the need for dependable electricity, especially in areas with weak grid infrastructure. The requirement for backup power during emergencies and regular power outages further encourages the use of rental solutions. Additionally, temporary power sources are required for the expansion of infrastructure and construction projects. Power rental systems are a versatile and sustainable solution for a range of businesses, and their appeal is further increased by the incorporation of renewable energy technologies.

 

Global Power Rental Systems Market Forecast and Revenue Outlook

• 2024 Market Size: USD 26.87 Billion
• 2035 Projected Market Size: USD 68.76 Billion
• CAGR (2025-2035): 8.92%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

 

Market Overview

The power rental systems market includes temporary power solutions offered through generators, load banks, and transformers to fulfil energy requirements during outages, peak demand, a specific event, or a construction project across different industries. Power rentals are ideal when there are temporary or supplemental power needs giving flexibility, cost efficiency, and rapid deployment. Rental solutions are used by many industries for peak load management, power system maintenance, and limited grid access. Short-term, high-capacity electricity requirements present challenges to the mining sector - frequently located in remote areas - that minimize long-term investments, primarily in rental generators. These scalable solutions provide similar advantages to the manufacturing and events industries. The recent developments in modern generator technology, including better fuel efficiency, lower emissions, and the ability to integrate renewable power sources, are driving the market. Hybrid systems improve environmental sustainability and efficiency even more. Large generator sets are becoming more and more necessary in areas like mining zones that have inadequate grid access. Due to rising demand from the telecom, data centre, and healthcare industries, as well as infrastructure improvements and renewable energy transitions, the United States is the leading market. Notably, in line with worldwide growth patterns, Mobile Power Ltd. obtained €3 million on January 31, 2024, to increase solar battery rentals in the Democratic Republic of the Congo

 

Key Market Insights

• North America is expected to account for the largest share in the Power Rental Systems Market during the forecast period.
• In terms of application, the continuous power segment is projected to lead the Power Rental Systems Market throughout the forecast period
• In terms of end-use, the government and utilities segment captured the largest portion of the market

 

Power Rental Systems Market Trends

• Rising demand due to unreliable grids and frequent power outages.
• Shift toward hybrid and cleaner energy rental solutions.
• Growing use in industrial and infrastructure projects.
• Increased adoption of smart, remote monitoring technologies.

 

Report Coverage

This research report categorizes the power rental systems market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the power rental systems market. Recent market developments and competitive strategies, such as expansion, type launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the power rental systems market.

 

Driving factors

Power rental systems are becoming more and more popular because of their capacity to operate remotely, perform planned maintenance, and be dependable in emergencies. Rapid energy restoration depends on temporary power solutions as natural disasters like hurricanes, floods, and wildfires grow increasingly common. Power rental systems ensure continuity in crisis-affected areas by providing flexible and rapid deployment. These systems are now more dependable, economical, and environmentally benign due to technological developments in fuel optimisation, emissions control, generator efficiency, and remote monitoring. These developments are growing the market and drawing in additional clients in the mining, event management, healthcare, and construction industries.

 

Restraining Factor

The unpredictability of fuel prices, environmental issues, and regulatory limitations are some of the difficulties facing the worldwide power rental sector. Reliance on fossil fuels exposes businesses to increased emissions scrutiny and geopolitical dangers, necessitating expensive technology changes. Regional rules complicate operations, and market saturation heightens competition and pricing pressure. Deployment is hampered by infrastructure constraints in remote locations. Rapid developments in energy storage and renewable energy also upend established models, forcing rental companies to adjust to shifting consumer needs and technological improvements.

 

Market Segmentation 

The global power rental systems market is divided into application and end use.

 

Global power rental systems market, by application:

Why does the continuous power segment hold the largest revenue share in the global power rental systems market, during the forecast period?

This expansion is explained by the growing demand for dependable energy in the mining, construction, and oil and gas sectors. Furthermore, these industries frequently work in isolated areas with little access to the grid, so they require a reliable power supply for extended periods of time. Moreover, continuous power rental solutions boost operational efficiency and dependability by guaranteeing ongoing operations, supporting vital infrastructure, and allowing companies to continue producing without worrying about interruptions.

The peak shaving segment in the power rental systems market is expected to grow at the fastest CAGR over the forecast period. Additionally, during peak hours, businesses frequently experience higher electricity expenses, which leads them to look for temporary power solutions in an effort to lessen their dependency on the grid. Through the use of rental generators, businesses can successfully reduce their energy costs while guaranteeing a sufficient supply of power during periods of high demand. In a variety of sectors, this method improves overall energy management techniques and maximises operating costs.

 

Global power rental systems market, by end use:

Why does the government and utilities largest application segment, capturing market share during the forecast period in the global power rental systems market?  

The government and utilities segment held the largest market share in the power rental systems market. The growing need for a steady, dependable power source. Furthermore, a lack of grid infrastructure causes frequent outages in many places, especially developing country locations. Solutions for power renting offer a quick and adaptable solution to these problems, guaranteeing that vital services continue to run. In addition, government programs for urbanisation and infrastructure development increase the demand for short-term power solutions to support a range of public projects.

The event management segment in the power rental systems market is expected to grow at the fastest CAGR over the forecast period. The requirement for dependable electricity during festivals and large-scale events. Temporary power solutions are frequently needed by organisers to guarantee uninterrupted operations. Furthermore, the adaptability of rental power enables event coordinators to customise their energy requirements to meet particular needs, taking into account everything from sound systems to lights.

 

Regional Segment Analysis of the Global Power Rental Systems Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America Power Rental Systems Market Trends

What factors contribute to North America region holding the largest share, of the global power rental systems market during the forecast period?

North America is dominance in the global power rental systems market share during the forecast period. Rental generators are becoming more and more important as a dependable backup during planned maintenance or crises in sectors like construction, oil and gas, and event management. This market sector is also being driven by the increased awareness of the necessity of continuous operations. Furthermore, companies are compelled by natural disasters to look for temporary power solutions as soon as possible, which emphasises how crucial rental services are to preserving business continuity.

 

Why does the United States lead the North American power rental systems market?

Technological developments in generator design result in reduced emissions and increased fuel efficiency, which increases the attraction of rental choices for companies seeking sustainability. Furthermore, the growing number of natural disasters calls for a strong rental infrastructure that can offer prompt assistance in times of need, confirming power rentals' position as an essential part of energy management plans for a variety of industries.

 

Asia Pacific Power rental systems market Trends

How is the Asia Pacific region expected to capture the power rental systems market by 2025 with the fastest growth rate? 

Asia Pacific is expected to capture the power rental systems market by 2025 with the fastest growth rate due to several key factors. Significant infrastructure development is taking place in nations like China and India, necessitating dependable temporary power solutions. Furthermore, the demand for rental generators is further fuelled by frequent power outages and restricted grid access in many places. Businesses are also encouraged to use power renting systems as a flexible way to satisfy their energy needs during emergencies and peak periods as a result of the growing use of renewable energy sources.

 

Why is China expected to register the highest CAGR in the power rental systems market during the forecast period?

Investments in hybrid systems that combine conventional fuels and renewable sources have expanded as a result of the government's emphasis on sustainable energy solutions. These developments increase the allure of rental services by offering dependable and sustainable solutions to sectors with significant energy requirements. Furthermore, in order to support its growing manufacturing and construction sectors, China's rapid economic growth calls for flexible electricity solutions.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global power rental systems market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

Worldwide Top Key Players in The Power Rental Systems Market Include

• 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
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent development

• May 2024, Lighting tower and generator specialist Trime launched a range of diesel-powered generators. This new line, covering a power range from 6kVA to 670kVA, incorporated the latest diesel engines from renowned manufacturers such as Kohler Stage V, Yanmar, FPT Iveco, and Perkins

 

• February 2024, Kanoo Power Solutions (KPS), a division of Ebrahim K. Kanoo (EKK), entered into a strategic partnership with VISA SpA Group, a prominent player in the diesel generator (DG) manufacturing industry with a 63-year legacy. Under the agreement, VISA SpA committed to delivering customized solutions, backed by a dedicated team of engineers skilled in designing efficient and tailored responses to meet specific client requirements.

 

• In January 2024, Aggreko finalised the acquisition of RenEnergy Group's UK and South African assets, expanding its footprint in the power rental systems market. RenEnergy specialises on solar energy and energy storage solutions for commercial and industrial clients, providing services such as solar panel installation and charging systems. RenEnergy will retain its brand following the acquisition, with the goal of leveraging Aggreko's resources to drive growth in the renewable energy industry, as both firms seek to extend their capabilities and customer solutions.

 

• In October 2023, Shenton Group announced the expansion of its rental fleet to include 500kVA generators, enhancing its offerings in the power rental systems market. These high-capacity generators are designed to provide reliable power supply for critical applications across various sectors, including manufacturing and healthcare. The generators are versatile, allowing for diverse configurations and seamless synchronization. Shenton Group emphasizes customer satisfaction with 24/7 support and efficient fuel management, ensuring uninterrupted power for essential operations.

 

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the power rental systems market based on the following 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 Systemss 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