Power Rental Market: By Power Rental, By Fuel Type, By Application, By End-User and Region Forecast 2020-2031
Power Rental Market: By Power Rental, By Fuel Type, By Application, By End-User and Region Forecast 2020-2031
Power Rental Market size was valued at US$ 11.1 billion in 2024 and is expected to reach US$ 16.8 billion by 2031, growing at a significant CAGR of 6.1% from 2025-2031. The global market provides a detailed overview of the global market, and that can be segmented by Power Rental, by Fuel Type, by Application, and by End-User. By Power Rental, the market has been segmented into Below 75 kVA, 75 - 375 kVA, 375 - 750 kVA, and Above 750 kVA. The 75 - 375 kVA Power Rental segment is likely to be the largest and fastest-growing segment in terms of type.
Based on fuel type, the market is segmented into Diesel, Gas, and Others. Among these, the gas segment is expected to have the fastest-growing market during the forecast period. Based on application, the market is segmented into continuous Load, Standby Load, and Peak Load. The continuous Load segment accounts for the largest share in 2022. Continuous Load segment is the second-largest share during the forecast period. Based on the end user, the segment has been segregated into Mining, Construction Equipment, Manufacturing, Utility, Events, Oil and Gas, Others. The Mining segment is expected to dominate other segments. The construction segment is expected to witness the highest CAGR during the forecast period according to precision business insights.
Study Period
2025-2031Base Year
2024CAGR
6.1%Largest Market
North-AmericanFastest Growing Market
Asia-Pacific
Increasing need for a consistent and dependable power source is burgeon the power rental market growth over the forecast years.
North America is expected to witness the highest market share during the forecast period due to growing financial spending to the mining, construction, and oil & gas sectors. The North American region's marketplaces are expanding the fastest in countries like the US and Canada.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 11.1 billion |
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Market Size in 2031 |
US$ 16.8 billion |
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Market CAGR |
6.1% |
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By Power Rental |
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By Fuel Type |
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By Application |
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By End User |
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By Region |
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The power rental market size was valued at US$ 11.1 billion in 2024 and is expected to reach US$ 16.8 billion by 2031, growing at a significant CAGR of 6.1% from 2025-2031.
The power renal market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players Caterpillar Inc. (United States), Cummins Inc. (United States), Aggreko (United Kingdom), Atlas Copco (Sweden), Kohler-SDMO (France), Shenton Group (United Kingdom), NIDS GROUP (India), Jassim Transport & Stevedoring Co. K.S.C.C. (Kuwait), Pump Power Rental (United Kingdom), United Rentals (United States), Sudhir Power Ltd. (India), Modern Hiring Service (India), Newburn Power Rental Ltd (United Kingdom), Global Power Supply (United States), FG Wilson (United Kingdom), ProPower Rental (United States), APR Energy (United States)
| 1.Executive Summary |
| 2.Global Power Rental Market Introduction |
| 2.1.Global Power Rental Market - Taxonomy |
| 2.2.Global Power Rental Market - Definitions |
| 2.2.1.Power Rental |
| 2.2.2.Fuel Type |
| 2.2.3.Application |
| 2.2.4.End User |
| 2.2.5.Region |
| 3.Global Power Rental Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Power Rental Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Power Rental Market By Power Rental, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Below 75 kVA |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. 75 - 375 kVA |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. 375 - 750 kVA |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Above 750 kVA |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Power Rental Market By Fuel Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Diesel |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Gas |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Power Rental Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Continuous Load |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Standby Load |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Peak Load |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Power Rental Market By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Mining |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Construction |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Manufacturing |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Utility |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Events |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Oil and Gas |
| 8.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 8.7. Others |
| 8.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.7.3. Market Opportunity Analysis |
| 9.Global Power Rental Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Power Rental Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Power Rental Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Below 75 kVA |
| 10.1.2.75 - 375 kVA |
| 10.1.3.375 - 750 kVA |
| 10.1.4.Above 750 kVA |
| 10.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Diesel |
| 10.2.2.Gas |
| 10.2.3.Others |
| 10.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Continuous Load |
| 10.3.2.Standby Load |
| 10.3.3.Peak Load |
| 10.4. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Mining |
| 10.4.2.Construction |
| 10.4.3.Manufacturing |
| 10.4.4.Utility |
| 10.4.5.Events |
| 10.4.6.Oil and Gas |
| 10.4.7.Others |
| 10.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Power Rental Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Power Rental Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Below 75 kVA |
| 11.1.2.75 - 375 kVA |
| 11.1.3.375 - 750 kVA |
| 11.1.4.Above 750 kVA |
| 11.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Diesel |
| 11.2.2.Gas |
| 11.2.3.Others |
| 11.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Continuous Load |
| 11.3.2.Standby Load |
| 11.3.3.Peak Load |
| 11.4. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Mining |
| 11.4.2.Construction |
| 11.4.3.Manufacturing |
| 11.4.4.Utility |
| 11.4.5.Events |
| 11.4.6.Oil and Gas |
| 11.4.7.Others |
| 11.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12.Asia Pacific (APAC) Power Rental Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Power Rental Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Below 75 kVA |
| 12.1.2.75 - 375 kVA |
| 12.1.3.375 - 750 kVA |
| 12.1.4.Above 750 kVA |
| 12.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Diesel |
| 12.2.2.Gas |
| 12.2.3.Others |
| 12.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Continuous Load |
| 12.3.2.Standby Load |
| 12.3.3.Peak Load |
| 12.4. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Mining |
| 12.4.2.Construction |
| 12.4.3.Manufacturing |
| 12.4.4.Utility |
| 12.4.5.Events |
| 12.4.6.Oil and Gas |
| 12.4.7.Others |
| 12.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Power Rental Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Power Rental Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Below 75 kVA |
| 13.1.2.75 - 375 kVA |
| 13.1.3.375 - 750 kVA |
| 13.1.4.Above 750 kVA |
| 13.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Diesel |
| 13.2.2.Gas |
| 13.2.3.Others |
| 13.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Continuous Load |
| 13.3.2.Standby Load |
| 13.3.3.Peak Load |
| 13.4. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Mining |
| 13.4.2.Construction |
| 13.4.3.Manufacturing |
| 13.4.4.Utility |
| 13.4.5.Events |
| 13.4.6.Oil and Gas |
| 13.4.7.Others |
| 13.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Power Rental Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 14.1. Power Rental Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Below 75 kVA |
| 14.1.2.75 - 375 kVA |
| 14.1.3.375 - 750 kVA |
| 14.1.4.Above 750 kVA |
| 14.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Diesel |
| 14.2.2.Gas |
| 14.2.3.Others |
| 14.3. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Continuous Load |
| 14.3.2.Standby Load |
| 14.3.3.Peak Load |
| 14.4. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Mining |
| 14.4.2.Construction |
| 14.4.3.Manufacturing |
| 14.4.4.Utility |
| 14.4.5.Events |
| 14.4.6.Oil and Gas |
| 14.4.7.Others |
| 14.5. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Caterpillar Inc. (United States) |
| 15.2.2.Cummins Inc. (United States) |
| 15.2.3.Aggreko (United Kingdom) |
| 15.2.4.Atlas Copco (Sweden) |
| 15.2.5.Kohler-SDMO (France) |
| 15.2.6.Shenton Group (United Kingdom) |
| 15.2.7.NIDS GROUP (India) |
| 15.2.8.Jassim Transport & Stevedoring Co. K.S.C.C. (Kuwait) |
| 15.2.9.Pump Power Rental (United Kingdom) |
| 15.2.10.United Rentals (United States) |
| 15.2.11.Sudhir Power Ltd. (India) |
| 15.2.12.Modern Hiring Service (India) |
| 15.2.13.Newburn Power Rental Ltd (United Kingdom) |
| 15.2.14.Global Power Supply (United States) |
| 15.2.15.FG Wilson (United Kingdom) |
| 15.2.16.ProPower Rental (United States) |
| 15.2.17.APR Energy (United States) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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