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Report Overview
The global power rental market attained a value of nearly USD 10.90 Billion in 2024. The market is further expected to grow at a CAGR of 5.80% during the forecast period of 2025-2034 to reach a value of USD 19.16 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Power Rental Market Size
The global power rental market attained a value of about USD 10.30 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.80%.
Power Rental Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global power rental market attained a value of nearly USD 10.90 Billion.
The market is projected to grow at a CAGR of 5.80% between 2025 and 2034.
The market is being driven by the rising demand for power rental in the mining industry, the low maintenance and enhanced flexibility offered by power rental, and the increasing investment concerns in the mining industry.
The industry is expected to be propelled by the rising demand for rental generators in the construction industry, the development of innovative power rental equipment, and the increasing trend of sustainability.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major fuel types of power rental in the industry are diesel and natural gas, among others.
The various equipment types of power rental are load bank, generator, and transformer, among others.
The several power ratings of power rental are up to 50 kW, 51-500 kW, 510-2,500 kW, and above 2,500 kW.
The numerous applications of power rental are peak shaving, standby power, and base load/continuous power.
The significant end uses in the market are utilities, oil and gas, events, construction, mining, and data centres, among others.
The major players in the industry are Caterpillar, Inc., Aggreko Plc, Atlas Copco Group, Cummins, Inc., The Hertz Corporation, Generac Power Systems, and Wacker Neuson SE, among others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 19.16 Billion by 2034.
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