Gas Fueled Power Rental Market Size – By Power Rating (≤ 75 kVA, > 75 kVA - 375 kVA, > 375 kVA - 750 kVA, > 750 kVA), By End Use, By Application, By Regional Outlook & Forecast, 2024 – 2032

Gas Fueled Power Rental Market Size

Gas Fueled Power Rental Market was valued at USD 4 billion in 2023 and is projected to grow at a CAGR of 5% from 2024 to 2032. Ongoing stringent environmental regulations toward adoption of cleaner energy sources in association with integration of renewable energy source in these systems will influence the industry penetration. Growing infrastructure projects particularly in key geographies in line with burgeoning demand for temporary power solutions will sway the business outlook.
 

Gas fueled power rental refers to the temporary provision of power generation equipment that runs on natural gas or other gaseous fuels. These generators are rented out to customers for short-term or long-term use typically to supply electricity in locations where grid power is unavailable, unreliable, or insufficient. Rapid urbanization growth and continuous construction activity coupled with advancement in gas engine technologies will further boost the need for power rental solutions. Moreover, surging incorporation of IoT and remote monitoring technologies in these generators allows for better management of power output, fuel consumption and maintenance needs, which in turn will foster the business dynamics.
 

Gas Fueled Power Rental Market Trends

The industry is poised for robust growth on account of their lower noise levels and reduced emissions and strict air quality standards. Increasing event and entertainment activities including large gatherings, concerts, and festivals along with rising demand for these units in emergency driven by natural disasters will stimulate the industry penetration. Continuous expansion of commercial and industrial facilities combined with refurbishment of existing power grid infrastructure will positively sway the business outlook.
 

Gas Fueled Power Rental Market Analysis

The > 75 kVA - 375 kVA rated gas fueled power rental industry will exceed USD 1 billion by 2032. Growing incidence of weather-related events including cyclones and thunderstorms combined with the increasing reliance on reliable power systems to ensure daily operations will augment the demand for these units. Continuous technological advancements comprising of enhancements in low noise levels and quite operation will further escalate the business scenario. In addition, favorable regulatory frameworks in conjunction with the ongoing demand for advanced power solutions in commercial and industrial settings will encourage the product adoption.
 

The standby gas fueled power rental market size will witness about 4.5% growth rate from 202 to 2032, owing to rapid expansion of critical infrastructure including hospitals, data centers, and manufacturing facilities. Aging power grids in line with heightened need for standby gensets to ensure interrupted power supply during power outages will influence the business growth. Increasing environmental awareness and stricter emissions regulations in tandem with incorporation of advanced control, remote monitoring and automation systems will complement the industry dynamics.
 

North America gas fueled power rental market is set to surpass USD 1.5 billion by 2032. The ongoing growth in construction projects in urban centers in line with ongoing demand across construction sites, tools, and temporary offices will energize the industry outlook. Growing integration with smart technologies including remotely monitored, controlled optimizing performance and fuel efficiency, which in turn will positively influence industry growth. Furthermore, supportive government incentives for low-emission and cleaner energy solutions along with growing awareness of natural disasters and the need for emergency preparedness will proliferate the business outlook.
 

U.S. gas fueled power rental market is poised for significant growth driven by their high efficiency and incorporation of advanced technological systems. Continuous improvements in gas engine technology including enhanced the reliability, performance, and fuel efficiency coupled with expansion of industrial activities, particularly in sectors comprising of manufacturing, oil and gas, and construction will foster the market growth. Additionally, the introduction of carbon pricing and cap-and-trade programs in several states along with adoption of lower-emission power solutions will energize the product deployment.
 

Gas Fueled Power Rental Market Share

Generac Power System designs and manufactures a diverse array of power generation equipment and engine-powered products, catering to residential, light commercial, and industrial markets. Their offerings include standby, portable, and mobile generators. Additionally, the company produces engine-powered products such as light towers and industrial mobile heaters, which find applications in oil & gas, construction, and various industrial sectors. They also boast an extensive lineup of outdoor power equipment for both residential and commercial purposes.
 

Gas Fueled Power Rental Market Companies

The key industry players include:

• Aggreko
• Ashtead Group plc.
• Bredenoord
• Byrne Equipment Rental
• Caterpillar
• Cummins Inc.
• Generac Power Systems, Inc.
• GMMCO Limited
• Herc Rentals Inc.
• HIMOINSA
• Modern Hiring Service
• Perennial Technologies
• Shenton Group
• Sudhir Power
• United Rentals, Inc.
• Wagner Equipment Co.
   

Gas Fueled Power Rental Industry News

• In February 2024, Byrne Equipment Rental, a regional equipment provider with a portfolio of over 15,000 rental assets, is expanding its fleet to address the increasing demands driven by a surge in project activity across the region. This expansion includes the addition of advanced machinery, and tools designed to enhance operational efficiency and support a broad range of industrial applications. Byrne's upgraded fleet features state-of-the-art equipment, ensuring reliability and performance in diverse operational environments.
   
• In October 2023, Shenton Group, a provider of power and energy solutions, expanded its rental fleet by adding 500kVA generators. The company offered these high-capacity generators to meet growing demand across various sectors. The generators were equipped with advanced features such as fuel-efficient engines, enhanced noise reduction technology, and remote monitoring capabilities, ensuring reliable and efficient power solutions for diverse applications.
   

This gas fueled power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Telecom
• Data center
• Healthcare
• Oil & Gas
• Electric utilities
• Offshore
• Manufacturing
• Construction
• Mining
• Marine
• Others

Market, By Application

• Standby
• Peak shaving
• Prime/continuous

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile