Diesel Fueled Power Rental Market
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The global diesel fueled power rental market size was valued at USD 12.9 billion in 2024 and is estimated to grow at a CAGR of 3.6% from 2025 to 2034. Ongoing stringent environmental regulations that advocate for energy-efficient solutions combined with the increasing frequency of natural disasters, grid failure, and power outages will encourage the business growth.
The expansion of infrastructure projects in key regions in line with a surging demand for temporary power solutions will positively sway the industry penetration. For instance, according to the International Energy Agency (IEA), the demand for electricity is going to increase on average by more than 3 percent a year till 2026. This rapid increase determines the importance of having responsive and dependable power technologies.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Diesel Fueled Power Rental Market size in 2024: | USD 12.9 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 3.6 |
| 2023 Value Projection: | USD 18.6 Billion |
| Historical Data for: | 2021 - 2024 |
| No of Pages: | 105 |
| Tables, Charts & Figures: | 45 |
| Segments Covered: | Power Rating, End Use, Application and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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A diesel fueled power rental solution implies the installation of electrical power generation systems utilizing diesel engines on a temporary basis for short term power supply. The surge in urban development and the continuous rollout of construction projects coupled with advancements in diesel engine technology will influence the need for power rental solutions. In addition, the growing adoption of remote surveillance technologies along with IoT in diesel generators augments their operational management, fuel consumption, and tracking and controlling maintenance operations, which increase the industry potential.
The power rental industry is poised for significant growth, driven by its reliability and capacity to deliver stable electricity in remote and off-grid areas. The escalating demand for these solutions during events such as concerts, festivals, and emergency situations caused by natural disasters will further propel the business dynamics. Moreover, constant improvement and growth in commercial and industrial facilities as well as the required replacement of older power grid systems will amplify the industry penetration.
The > 75 kVA - 375 kVA rated diesel fueled power rental industry will exceed USD 5.5 billion by 2034. The increasing occurrence of weather-related events comprising of cyclones and thunderstorms in line with the rising demand for reliable power to sustain daily operations will bolster the business outlook. Continuous advancements in technology particularly in quieter operation and noise reduction will further escalate the industry penetration. Additionally, the desire for advanced power solutions in commercial and industrial sectors combined with supportive government policies, will elevate the need of these units.
The standby diesel fueled power rental market size will witness growth at a CAGR of over 3% by 2034. The industry is poised for significant growth propelled by the rapid development of essential infrastructure comprising of hospitals, data centers, and manufacturing facilities. An upgradation of aging power grids combined increasing demand for standby generators to ensure continuous power during outages will strengthen the product deployment. In addition, heightened environmental consciousness and stringent emissions regulations in association with the adoption of advanced control & automation systems will create favorable business scenario.
The U.S. diesel fueled power rental market is set to surpass USD 3.5 billion by 2034. The expansion of the manufacturing, oil and gas, and construction industries coupled with focus on improving engine performance, reliability, and fuel efficiency through advancement in engine technologies will foster business opportunities. In addition, the combination of carbon pricing and cap-and-trade initiatives with the transition to lower-emission alternatives in various states will escalate the adoption of these products.
The North America diesel fueled power rental industry is poised for robust growth on account of integration of cutting-edge technologies and the demand for highly efficient power solutions. The relatively high demand for temporary power at construction sites as well as office facilities combined with the increasing construction works in urbanized regions will create positive prospects for the industry. The rising implementation of smart technologies equipped with remote monitoring and control features will enhance performance optimization and fuel efficiency, further propelling the business growth.
The diesel fueled power rental industry is very competitive, with both new entrants and established companies, all vying for market share through innovation and service excellence. Leading industry firms such as Caterpillar, Aggreko and Cummins command the market, due to large size generators designed for construction, events and even power emergencies. Many businesses have shifted to digital solutions, advanced technology, and IoT for efficient operations management, and thus competitive strategies commonly deal with these technological changes.
Major players operating in the diesel fueled power rental industry are:
Market, By Power Rating
Market, By End Use
Market, By Application
The above information has been provided for the following regions and countries:
Key players in the industry include Aggreko, APR Energy, Ashtead Group, Atlas Copco, Bredenoord, Byrne Equipment Rental, Caterpillar, Cummins, Generac Power Systems, Herc Rentals, Himoinsa, Modern Hiring Service, Perennial Technologies, Shenton Group, Sudhir Power, and United Rentals.
The U.S. diesel-fueled power rental market is set to surpass USD 3.5 billion by 2034, led by advancements in engine technology and the growth of key industrial sectors.
The standby diesel-fueled power rental market is projected to grow at a CAGR of over 3% through 2034, propelled by the rapid development of essential infrastructure and the upgrading of aging power grids.
The 75 kVA - 375 kVA segment is expected to exceed USD 5.5 billion by 2034, led by the increasing occurrence of weather-related events and advancements in quieter operation technology.
What is the projected value of the diesel-fueled power rental market by 2034?
The global market fo diesel-fueled power rental was reached USD 12.9 billion in 2024 and is estimated to grow at a 3.6% CAGR from 2025 to 2034, driven by stringent environmental regulations and increasing power outages.