Power Rental Market Poised for 4.93% CAGR Growth Through 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Power Rental Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Power Rental, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22
• Base Year: 2023
• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: - https://www.marknteladvisors.com/query/request-sample/power-rental-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Power Rental Market Outlook

The Global Power Rental Market size was valued at USD 12,898 Million in 2024 and is estimated to grow at a CAGR of around 4.93% during the forecast period, i.e., 2024-30. The market growth imputes to the rising demand for temporary power solutions in various industries such as construction, manufacturing, oil & gas, etc. The rising demand for reliable power networks in order to prevent unexpected situations such as circuit failure or temporary outage, is expanding the market growth. The rapid expansion of construction and mining activities is also responsible for driving the growth of the Power Rental Market. Additionally, the soaring growth of data centers is fueling the demand for power rental services throughout the world.

Power Rental Market Drivers:

The Rapid Expansion of the Construction Industry Fuelling the Market Growth – The construction activities in the residential, commercial, and hospitality sectors are increasing due to increased demand. The construction activities require electric power to run the various equipment and machinery at sites where construction takes place. The tools and machinery required at the construction sites including air compressors, hand drills, chain saws, battery chargers, electric welders, etc., have a power requirement for which the contractors or organizers hire power rental services to fulfil the requirement of energy during construction activities. Therefore, the surge in construction activities is driving the growth of the Power Rental Market.

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Power Rental Market Trends:

The Increased Adoption of Natural Gas-Powered Power Generators Bolstering the Market Growth – The deployment of renewables as an alternative power source to minimize carbon emissions is an emerging trend toward growth of the market. Environmental concerns regulations and convenience for fuel refill are some of the reasons that consumers choosing for natural gas generators over other fuel types.

Power Rental Market Segmentation

The study categorizes the Power Rental into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Equipment

• Generators- Market Size & Forecast 2019-2030F, USD Million
• Transformers- Market Size & Forecast 2019-2030F, USD Million
• Load Banks- Market Size & Forecast 2019-2030F, USD Million
• Ancillary Equipment- Market Size & Forecast 2019-2030F, USD Million

By Fuel Type

• Diesel- Market Size & Forecast 2019-2030F, USD Million
• Natural Gas- Market Size & Forecast 2019-2030F, USD Million

By Application

• Peak Shaving- Market Size & Forecast 2019-2030F, USD Million
• Base Load- Market Size & Forecast 2019-2030F, USD Million
• Stand by- Market Size & Forecast 2019-2030F, USD Million

By Power Rating

• Up to 50 KW- Market Size & Forecast 2019-2030F, USD Million
• 51KW - 500KW- Market Size & Forecast 2019-2030F, USD Million
• 501KW- 2500 KW- Market Size & Forecast 2019-2030F, USD Million
• Above 2500KW- Market Size & Forecast 2019-2030F, USD Million

By End-User

• Power Utility- Market Size & Forecast 2019-2030F, USD Million
• Manufacturing- Market Size & Forecast 2019-2030F, USD Million
• Construction- Market Size & Forecast 2019-2030F, USD Million
• Mining & Metals- Market Size & Forecast 2019-2030F, USD Million
• Others (Events, Corporate & Retail)- Market Size & Forecast 2019-2030F, USD Million

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/power-rental-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Power Rental Market Worldwide: Players, Analysis & Future Outlook

• Ashtead Group Plc.
• United Rental Inc.
• Atlas Copco
• Caterpillar Inc.
• Generac Holdings Inc.
• Bredenoord
• Nishio Rent All Singapore Pte Ltd.
• Herc Rental Inc.
• Rental Solutions & Services
• LM Generating Power Co. Ltd.
• Speedy Hire Plc.
• APR Energy
• Newburn Power Rental
• Others (Shenton Group, Modern Hiring Services, etc.)

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/power-rental-market.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Power Rental?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Power Rental?
   4. Who are the prominent players in the Power Rental?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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