Standby Gas Fueled Power Rental Market
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The global standby gas fueled power rental market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of 4.3% from 2025 to 2034. The growing enforcement of environmental regulations along with the increasing share of renewable energy sources in the power systems will stimulate the business dynamics. Moreover, the rise in infrastructure growth particularly in emerging economies coupled with the burgeoning demand for reliable temporary power solutions will proliferate the industry scenario. For instance, IEA forecasts examine the demand for electricity as the strongest contributor growing at an average of 3 % a year.
Standby gas fueled power rental solution is delivered for get-togethers, events, or construction projects when the electric grid has lower supplies. This allows for a steady flow of reliable electricity in places where access to the grid is either unreliable or impossible including construction sites, remote locations, or industries. Urban migrations paired with construction booms and improvements in gas engine technologies will heavily influence the demand for power rental services. Moreover, integration of IoT systems in these generators which enables efficiency, thereby enhancing business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Standby Gas Fueled Power Rental Market size in 2024: | USD 2.2 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2023 - 2032 CAGR: | 4.3 |
| 2023 Value Projection: | USD 3.4 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 120 |
| Tables, Charts & Figures: | 40 |
| Segments Covered: | Power Rating, End Use and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The industry is set to grow owing to the reduction in emissions, noise pollution, and the strict adherence to air quality regulation. The rising number of events including concerts, large public gatherings and festivals coupled with an increasing demand for reliable backup power during natural disasters will foster the business expansion. Moreover, ongoing development of industrial and commercial infrastructure in conjunction with continuous modernization of existing power grid systems will stimulate the demand for gas fueled power rental.
The > 75 kVA - 375 kVA rated segment will exceed USD 1 billion by 2034. The rising frequency of natural disasters comprising of cyclones & thunderstorms combined with an increasing reliance on reliable power systems for daily operations will stimulate the demand for these units. Ongoing technological advancements particularly in noise reduction and quieter operation features will significantly fuel the business opportunities. Additionally, favorable regulatory policies in line with the growing need for advanced power solutions across wide multitude of application areas will contribute the product penetration.
The oil & gas standby gas fueled power rental market size will witness a growth at a CAGR of over 4% by 2034. The industry is poised for significant growth fueled by the robust development of critical infrastructure comprising of manufacturing plants, hospitals, and data centers. The rising demand for enhanced gensets to support the existing and traditional power grid will encourage the favorable industry scenario.
Furthermore, increasing awareness of preserving the environment coupled with the tighter emissions control, replacement of old systems with new automation techniques as well as remote monitoring and advanced control systems will drive the business outlook.
U.S. standby gas fueled power rental market is set to reach over USD 1 billion by 2034. The rapid growth of urban construction projects along with sustained demand across building sites and temporary offices will propel the business growth. The increasing adoption of smart technologies that enable remote monitoring and performance optimization combined with advancements in operational efficiency and fuel management will further sway the industry expansion. Furthermore, government incentives supporting low-emission and clean energy solutions coupled with rising awareness of natural disasters and the critical need for emergency preparedness will augment the business scenario.
North America gas fueled power rental market will witness an upsurge on account of paradigm shift toward high efficiency and integration of cutting-edge technological systems in modern units. Continuous improvements in gas engine technology relating to performance, reliability, and fuel economy in line with global supply and industrial development focusing on oil &gas, construction, and manufacturing will drive the industry growth. Furthermore, the adoption of cap-and-trade systems along with carbon pricing and the increasing shift toward less harmful energy solutions will encourage the product deployment.
The escalating need for affordable, yet dependable power solutions in the sector, there is fierce rivalry in this industry. Market participants fight against one another based on their rental units of power, including efficiency, dependability, technology, and even regarding fuel consumption and emissions standards. Companies have also started to self-differentiate with their service offerings in addition to power, such as faster response times and well-rounded maintenance services.
Major players operating in the standby gas fueled power rental industry are:
Market, By Power Rating
Market, By End Use
The above information has been provided for the following regions and countries:
Key players in the standby gas-fueled power rental industry include Aggreko, Ashtead Group, Bredenoord, Byrne Equipment Rental, Caterpillar, Cummins, Generac Power Systems, GMMCO, Herc Rentals, HIMOINSA, Modern Hiring Service, Shenton Group, Sudhir Power, United Rentals, and Wagner Equipment.
The U.S. standby gas-fueled power rental market is set to reach over USD 1 billion by 2034, driven by rapid urban construction projects and the adoption of smart technologies for remote monitoring and performance optimization.
The oil & gas standby gas-fueled power rental market is projected to grow at a 4% CAGR up to 2034, fueled by the development of critical infrastructure such as manufacturing plants, hospitals, and data centers.
The demand for standby gas-fueled power rental units, particularly those rated between 75 kVA and 375 kVA, is expected to exceed USD 1 billion by 2034, due to the increasing frequency of natural disasters and the need for reliable power systems.
The global market for standby gas-fueled power rental was reached USD 2.2 billion in 2024 and is estimated to grow at a 4.3% CAGR from 2025 to 2034, driven by stringent environmental regulations and the integration of renewable energy sources.