PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1731147
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1731147
The global power rental market was valued at USD 11.0 billion in 2024 and is expected to grow at a compound annual growth rate of 6.0% between 2025 and 2032, reaching USD 17.5 billion by 2032. The market growth is driven by the rising demand for temporary power solutions across various industries such as construction, events, and manufacturing. Increasing power outages and the need for backup power in remote locations are further boosting demand.
Advancements in generator technology and the adoption of eco-friendly rental solutions are enhancing the efficiency and sustainability of power rental services. Growing infrastructure development projects and increasing investments in renewable energy also contribute to market expansion.
Key Insights
The market is segmented by power source into diesel, gas, and others, with diesel generators holding the largest share due to their reliability and widespread use.
End-use industries include construction, utilities, events, oil & gas, industrial, mining and others, with utilities being the dominant sector.
APAC leads the market owing to developed infrastructure and high adoption of rental services.
Emerging markets in Asia-Pacific show rapid growth due to urbanization and industrialization.
Key players focus on expanding rental fleets, enhancing service quality, and adopting green technologies.
Increasing demand for mobile and flexible power solutions is driving innovation in the rental market.
Government regulations favoring cleaner energy sources are encouraging shifts towards gas-powered and hybrid generators.