North America Power Rental Market

The report "North America Power Rental Market by Equipment (Generators, Transformers, Load Banks, Other Equipment), Power Rating (Up to 50 KW, 51–500 KW, 501–2,500 KW, Above 2,500 KW), Application, Fuel Type, Rental Type, and End User - Trends & Forecast To 2030" is projected to grow from USD 3.63 billion in 2025 and to reach USD 4.69 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period.

Browse 120 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on "North America Power Rental Market by Equipment (Generators, Transformers, Load Banks, Other Equipment), Power Rating (Up to 50 KW, 51–500 KW, 501–2,500 KW, Above 2,500 KW), Application, Fuel Type, Rental Type, and End User - Trends & Forecast To 2030"
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The power rental market thrives due to its adaptability, reliability, and ability to address diverse energy needs across various sectors. Rising demand for power supply, increasing peak load management, along with rapid urbanization, industrialization, and infrastructure development, require temporary power solutions. These factors are expected to boost the North America power rental market during the forecast period.

“Diesel segment is expected to hold the largest share of the North America power rental market in 2025”

Diesel is anticipated to be the largest segment in the North America power rental market during the forecast period. In North America, diesel generators are heavily dependent on temporary power requirements across construction projects, large events, and emergency backup situations. Their strong performance in harsh conditions, high reliability, and flexibility make them an ideal choice when grid power is limited and unstable. As a result, diesel rental generators continue to be a go-to solution for keeping critical equipment and facilities running smoothly across North America.

“Peak shaving application segment is likely to exhibit the highest CAGR during the forecast period”

The North America power rental market, based on application, is divided into three segments: peak shaving, standby power, and base load/continuous power. The peak shaving segment in North America is expected to be the fastest-growing segment during the forecast period since it helps businesses and utilities manage peak load demand more efficiently, avoid costly peak demand charges, and improve grid stability. The increasing frequency and intensity of peak demand events caused by population growth, urbanization, and industrial expansion further drive the North America power rental market growth.

“Canada is anticipated to be the second-largest country in the North America power rental market from 2025 to 2030”

The Canada power rental market is expected to be the second largest in North America. With the increasing demand from the construction, mining, and oil & gas industries, the market is expected to grow as companies seek reliable temporary power sources in remote locations where traditional grid access is limited. The strong natural resource industry (mining and oil sands) requires power rental solutions to support operations in areas where the power grid is unstable. These changes, including infrastructure upgrades and strong demand for renewable energy, as well as growing data centers, will lead to an increased need for mobile and backup power options. Due to severe winter weather conditions and disruptions to the power grid, businesses and utilities continue to rely on power rental equipment for backup power.

The report profiles key players, such as United Rentals, Inc. (US), Aggreko (UK), Herc Rentals Inc. (US), Generac Power Systems, Inc. (US), and Caterpillar (US).

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