Standby Power Rental Market
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The global standby power rental market size was valued at USD 9.1 billion in 2024 and is estimated to grow at a CAGR of 3.8% from 2025 to 2034. The enforcement of stringent environmental regulations aimed at promoting the use of efficient and dependable power sources will augment the industry landscape. The increasing number of infrastructure projects in key regions combined with the increasing dependence on rental options for high electricity consumption will boost the business dynamics. For instance, according to the International Energy Agency, global demand for electricity is expected to grow faster than before and surpass an average annual increase of 3 percent.
Standby power rental services involve the situational supply of power generating equipment including diesel or gas generators to safeguard the provision of electricity during planned or unplanned outages. The rapid surge in urbanization and a steady influx of construction projects along with significant advancements in engine technologies will escalate the need for power rental solutions. In addition, the incremental endorsement of IoT and remote monitoring technologies in power generators improves operational performance by facilitating better fuel management and more efficient maintenance processes, which will elevate the industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Standby Power Rental Market size in 2024: | USD 9.1 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 3.8 |
| 2023 Value Projection: | USD 13.4 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 125 |
| Tables, Charts & Figures: | 40 |
| Segments Covered: | Power Rating, End Use, Fuel and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The industry is poised for robust growth fueled by advancements in emissions control, reduced noise levels, and compliance with stringent air quality regulations. The increasing frequency of events and entertainment activities such as festivals, concerts, and other mass gatherings as well as the need for rental power solutions during calamities will elevate the business scenario. In addition, the increasing development of commercial and industrial infrastructural facilities along with the upgrade of old power grids will stimulate the demand for diesel fueled power rental solutions.
The > 75 kVA - 375 kVA rated segment exceed USD 750 million by 2034. The rising frequency of weather-related events such as cyclones and thunderstorms coupled with a growing reliance on secure power systems for smooth day to day activities will enhance the product deployment. Ongoing advancements in technology, particularly in reducing noise levels and enhancing quiet operation will further support the business growth. In addition, favorable regulatory policies, and a steady demand for sophisticated power solutions in both commercial and industrial sectors will create a favorable industry scenario.
The diesel standby power rental market size will witness a growth rate of over 3.5% till 2034. The industry is anticipated to grow at a fast pace on the back of the active construction of data centers, hospitals, and manufacturing plants. The aging power grid infrastructure combined with rapid economic growth and rising energy consumption in key regions will significantly fuel the business dynamics. Furthermore, the rising focus on environmental sustainability and stricter emission limits along with integration of control systems, remote and automation technologies will boost the industry outlook.
The U.S. standby power rental market size is set to reach USD 4 billion by 2034. Ongoing innovations in gensets technology which significantly enhance reliability and performance in line with the expanding industrial activities, particularly in sectors comprising of manufacturing, oil & gas, and construction will energize the industry penetration. Moreover, the rise of renewable energy sources combined with initiatives including carbon pricing and emissions reduction targets will proliferate the business growth.
North America standby power rental market is poised for robust growth driven by the adoption of highly efficient and advanced technological systems. Rising energy costs along with government incentives, policies supporting renewable and low-emission energy sources will boost the industry prospects. The fusion of smart technologies with monitoring and remote-control tools will further accelerate the industry dynamics.
The industry is characterized by intense competition driven by a diverse range of players, from global power rental companies to regional and local providers. Major participants emphasize the provision of innovative technologies such as remote monitoring and effective systems to distinguish their products. Pricing policy, dependability of the equipment, and speed of deployment are some of the key factors in sustaining the competitive edge in the market. Moreover, smaller local companies tend to compete by offering a greater degree of customization and personal assistance to the clients.
Major players operating in the standby power rental industry are:
Market, By Power Rating
Market, By End Use
Market, By Fuel
The above information has been provided for the following regions and countries:
Key players in the standby power rental industry include Aggreko, Al Faris, Atlas Copco, BPC Power Rentals, Bredenoord, Caterpillar, Cummins, Finning International, Herc Rentals, HIMOINSA, Rehlko, Modern Hiring Service, Pon Energy Rental, Prime Power Rentals, and Wartsila.
The U.S. standby power rental market is set to exceed USD 4 billion by 2034, fueled by innovations in genset technology and expanding industrial activities.
The diesel standby power rental market is expected to grow at a CAGR of approximately 3.5% through 2034, led by robust infrastructure development and rising energy consumption in key regions.
The global market for standby power rental was reached USD 9.1 billion in 2024 and is estimated to grow at a 3.8% CAGR from 2025 to 2034, driven by stringent environmental regulations promoting efficient power sources.
The > 75 kVA - 375 kVA rated standby power rental segment is projected to surpass USD 750 million by 2034, supported by the increasing occurrence of weather-related events and the need for reliable power systems.