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Gas Fueled Power Rental Market Trends

Report ID: GMI11059
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of gas fueled power rental was worth over USD 4 billion in 2023 and is projected to witness 5% CAGR from 2024 to 2032, due to ongoing stringent environmental regulations toward adoption of cleaner energy sources

The > 75 kVA - 375 kVA rated gas fueled power rental market will exceed USD 1 billion by 2032, led by growing incidence of weather-related events including cyclones and thunderstorms along with the increasing reliance on reliable power systems to ensure daily operations

North America gas fueled power rental industry is set to surpass USD 1.5 billion by 2032, led by ongoing growth in construction projects in urban centers

Aggreko, Ashtead Group plc., Bredenoord, Byrne Equipment Rental, Caterpillar, Cummins Inc., Generac Power Systems, Inc., GMMCO Limited, and Herc Rentals Inc.