The Power Rental Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Power Rental Market?
The Power Rental Global Market Report 2025 indicates a notable growth in the market size. It rose from $12.11 billion in 2024 to an estimated $13.34 billion in 2025. The market's compound annual growth rate (CAGR) during this period was reported to be 10.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Power Rental Industry?
The Power Rental Global Market is projected to reach a size of $19.76 billion in 2029, progressing at a compound annual growth rate (CAGR) of 10.3%.
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What are the Key Growth Drivers Fueling the Power Rental Market?
The key drivers in the power rental market are:
• Development of smart cities
• Expansion of healthcare infrastructure
• Increased military operations
• Construction of data centers and global events and exhibitions
Global Market Segmentation: Identifying Major Power Rental Industry Segments
The power rental market covered in this report is segmented –
1) By Equipment: Generators, Transformers, Load Banks, Other Equipment
2) By Application: Standby Power, Peak Shaving, Base Load/Continuous Power
3) By Fuel Type: Diesel, Natural Gas, Other Fuel Types
4) By End-Users: Utilities, Oil And Gas, Construction, Manufacturing, Metal And Mining, IT And Data centers, Corporate And Retail, Events, Other End-Users
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What are the Emerging Trends Shaping the Future of the Power Rental Market?
The key trends in the power rental market are:
• Adoption of rental generator technologies is a major emerging trend.
• The usage of mobile and modular power units is on the rise.
• Flexibility in rental contract models is shaping the future of the market.
• The focus on energy efficiency and emissions reduction, along with remote monitoring and telematics integration, is becoming increasingly important.
Who Are the Top Competitors & Leading Players in the Power Rental Market?
Major companies in the power rental market are:
• Caterpillar Inc.
• Cummins Inc.
• Atlas Copco AB
• United Rentals Inc.
• Ashtead Group plc
• Kohler Co
• Wärtsilä Oyj
• Generac Power Systems Inc.
• Herc Rentals Inc.
• Hertz Equipment Rental Corporation
• Wacker Neuson SE
• Aggreko plc
• Multiquip Inc.
• APR Energy Ltd.
• FG Wilson (Engineering) Ltd.
• Smart Energy Solutions Ltd.
• Modern Hiring Service Ltd.
• Speedy Hire plc
• Power Electrics Bristol
• Rental Solutions & Services
• Bredenoord Exploitatiemij B.V.
• Pump Power Rental
• Global Power Supply Ltd.
• Jassim Transport & Stevedoring Co K.S.C.C.
• Newburn Power Rental Ltd.
• ProPower Rental
• Shenton Group plc
• So Energy Trading Limited
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the power rental market in 2024
