Prime Diesel Fueled Power Rental Market Size – By Power Rating, By End Use, Analysis, Share, Growth Forecast, 2025 – 2034

Prime Diesel Fueled Power Rental Market Size

The global prime diesel fueled power rental market was valued at USD 4.9 billion in 2024 and is estimated to grow at a CAGR of 3.6% from 2025 to 2034. Strict environmental policies promoting energy-efficient power solutions together with increased power outages, grid failures, and disasters will drive the business growth. The growth in infrastructure development in developing economies in conjunction with the demand for dependable and mobile power sources will enhance the industry scenario.
 

For instance, the International Energy Agency forecasts the global electricity demand to rise at an average annual rate of over 3.0% fueling the growing need for dynamic and flexible power solutions for peaks and emergency situations.

Prime diesel fueled power rental refers to the provision of temporary power solutions using diesel gensets designed for continuous operation at variable load conditions over extended periods. Rapid urbanization, active construction projects, and advancements in diesel engines will fuel the demand for power rental services. Moreover, the growing adoption of remote monitoring and IoT technology in modern generator sets enhances control over power output, simplifies maintenance, and optimizes fuel efficiency, which will encourage industry momentum.
 

Prime Diesel Fueled Power Rental Market Trends

The industry is set to grow significantly owing to the increasing dependability of rental units designed for remote and off-grid locations. The growing need for these solutions at events such as concerts, festivals and even during natural disasters response including search and rescue operations will escalate the business scenario. In addition, the continuous development of industrial and commercial facilities combined with the ongoing modernization of aging power grid infrastructure will proliferate the demand for diesel fueled power rental solutions.
 

Prime Diesel Fueled Power Rental Market Analysis

The > 75 kVA - 375 kVA rated segment will exceed USD 2 billion by 2034. The increasing occurrence of climate associated phenomena including cyclones and thunderstorms along with the critical need for dependable energy to conduct daily activities will fuel the demand for these units. The introduction of new advanced specifications such as improved performance with quieter and enhanced noise suppression will further amplify the business outlook.
 

The oil & gas prime diesel fueled power rental market size will witness a growth at a CAGR of over 3% by 2034. The sector stands to exhibit significant development owing to the continuing extraction, exploration, and refining operations which create the ongoing demand for reliable mobile power solutions. The gradual expansion of oil and gas activities into hinterland and offshore locations along with increasing dependence on diesel generator sets to provide backup power will stimulate the industry growth. In addition, the growing need for emergency standby systems to avoid costly interruptions in the event of a power outage will enhance the business scenario.
 

U.S. prime diesel fueled power rental market is set to reach over USD 150 million by 2034. Continuous technological advancements in engine system aimed at improving performance, reliability, and fuel efficiency coupled with the growth of key industries comprising of construction, oil & gas, and manufacturing will complement the business expansion. In addition, the older electric grid, and occasional outages along with continuous efforts to enhance reliability and lower operational expenses will facilitate product deployment.
 

The Asia Pacific prime diesel fueled power rental market is poised for substantial growth driven by the adoption of advanced technologies and the increasing need for efficient power solutions. The growing urban construction activities and the need for dependable, temporary electricity at buildings, commercial, and event sites will boost industry opportunities. Moreover, the use of advanced technologies aimed at improving performance and reducing fuel consumption will enhance the business momentum.
 

Prime Diesel Fueled Power Rental Market Share

The market is highly competitive due to established and new companies providing identical services across various sectors such as construction, industry, and infrastructure. Major companies, those with large fleets of high-capacity generators, compete on reliability, fuel efficiency, and ability to rapidly deploy services during emergencies in networked or remote locations. Competitive pricing is of utmost importance, and thus these companies also provide economically flexible rental terms, which may include daily, weekly, or long-term contracts with their customers.
 

Prime Diesel Fueled Power Rental Market Companies

Major players operating in the prime diesel fueled power rental industry are:

• Aggreko
• Ashtead Group
• Atlas Copco
• Bredenoord
• Byrne Equipment Rental
• Caterpillar
• Cummins
• Generac Power Systems
• Herc Rentals
• HIMOINSA
• Modern Hiring Service
• Perennial Technologies
• Power Express Gensets
• Shenton Group
• Sudhir Power
• United Rentals
   

Prime Diesel Fueled Power Rental Industry News

• In August 2024, Atlas Copco bolstered its market position by acquiring Generator Rental Services, a leading provider of power rental solutions. This strategic acquisition significantly enhanced Atlas Copco's portfolio, enabling the company to offer cutting-edge power and temperature control equipment. The move strengthened its competitive edge in the technical power rental market and opened new growth opportunities in the Oceania region. With this acquisition, Atlas Copco is now better equipped to deliver tailored solutions to key industries, including general manufacturing, power utilities, and civil construction, further expanding its footprint in these high-demand sectors.
   
• In February 2024, Byrne Equipment Rental significantly expanded its fleet to meet the growing demand driven by regional project activity. This strategic investment in state-of-the-art machinery and tools is designed to optimize operational efficiency and cater to a broad spectrum of industrial needs. The upgraded fleet features reliable, high-performance equipment tailored to thrive in challenging and dynamic work environments. This expansion boosts Byrne’s ability to effectively support the evolving demands of its clients, positioning the company to better serve its expanding customer base and reinforce its competitive advantage in the market.
   

The prime diesel fueled power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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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

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