Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.64 Billion | USD 24.18 Billion | 6.7% | 2024 |
FrequentlyAsked Questions
Power rental refers to the temporary use of power generation equipment, such as generators or power plants, provided by a rental company. It is commonly used during emergencies, planned outages, construction projects, or events that need short-term electricity supply.
The global power rental market is expected to grow due to rising demand for temporary power solutions, increasing construction and industrial activities, and the need for emergency power backup.
According to a study, the global power rental market size was worth around USD 12.64 Billion in 2024 and is expected to reach USD 24.18 Billion by 2034.
The global power rental market is expected to grow at a CAGR of 6.7% during the forecast period.
North America is expected to dominate the power rental market over the forecast period.
Leading players in the global power rental market include Atlas Copco, United Rentals Inc., Shenton Group, Cummins Inc., ProPower Rental, APR Energy Limited, Kohler-SDMO, Caterpillar Inc., Power Electrics, NIDS GROUP, and Speedy Hire plc, among others.
The report explores crucial aspects of the power rental market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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