Diesel Fueled Power Rental Market Is Set To Reach 12.3 Billion By 2033, Growing At A CAGR Of 3.9

Key Insights

The size of the Diesel Fueled Power Rental Market was valued at USD 12.3 Billion in 2023 and is projected to reach USD 16.08 Billion by 2032, with an expected CAGR of 3.9% during the forecast period. The Diesel Fueled Power Rental Market refers to the business of hiring short-term power requirements using temporary diesel-powered generators in areas with an unreliable supply of electric infrastructure or for a strictly short period. Diesel generators are essentially used when one needs power sources for operations in remote places, as well as for construction and industry during power outages. Diesel rental power features portability, scalability, and reliability as some of the main key features that provide an affordable alternative to permanent power installations. The technology in this market involves advanced diesel engines that are combined with generators capable of delivering a wide range of power outputs. The units available for diesel rental power vary in size and capacity, depending on commercial, industrial, or residential requirements. Its primary applications are on construction sites, emergency backup power, oil and gas operations, and event management. Diesel generators provide stable and continuous power, making them crucial in sectors that require uninterrupted electricity. A major advantage of diesel-powered rental units is their flexibility, offering quick deployment and operational efficiency. This will be driven by the increasing demand for reliable and uninterrupted power supply in industries such as construction and telecommunications, where downtime can result in significant losses. The market is expected to expand further as infrastructure development and energy security continue to be prioritized globally.

Market Concentration & Characteristics

The market is characterized by a few large players and a fragmented competitive landscape. The major players account for a significant share of the market, while a large number of small and medium-sized companies operate in the market.

The market is highly competitive, and companies focus on innovation and differentiation to gain market share. Technological advancements and the introduction of new products and services are key factors driving competition.

Market Trends

Key market trends include the increasing demand for hybrid power systems, the adoption of digital technologies, and the growing popularity of power as a service (PaaS) models.

Hybrid power systems are gaining traction due to their ability to provide reliable and cost-effective power. Digital technologies are enabling companies to monitor and control their power systems remotely, improving efficiency and reducing downtime.

Key Region or Country & Segment to Dominate the Market

North America is expected to dominate the market throughout the forecast period, followed by Europe and Asia Pacific. The growth in North America is driven by the increasing demand for reliable power supply in the telecom, data centers, and healthcare industries.

The >750 kVA segment is expected to dominate the market due to the increasing demand for high-power generators in industries such as oil & gas, mining, and construction.

Driving Forces: What's Propelling the Diesel Fueled Power Rental Market

• Increasing demand for reliable and efficient power supply
• Government initiatives to reduce carbon emissions
• Growing popularity of hybrid power systems
• Adoption of digital technologies
• Prevalence of power as a service (PaaS) models

Challenges and Restraints in Diesel Fueled Power Rental Market

• Fluctuations in fuel prices
• Environmental concerns associated with diesel generators
• Increasing competition from alternative energy sources
• Stringent regulatory requirements

Emerging Trends in Diesel Fueled Power Rental Market

• Development of more efficient and environmentally friendly diesel generators
• Integration of renewable energy sources into power rental systems
• Advancements in remote monitoring and control technologies
• Growing adoption of predictive maintenance and analytics

Diesel Fueled Power Rental Industry News

• In August 2024, Atlas Copco Group acquired Generator Rental Services Limited (GRS), a company specializing in power rental solutions.
• In February 2024, Byrne Equipment Rental announced the expansion of its fleet in response to rising project activity across the region.

Leading Players in the Diesel Fueled Power Rental Market

• Aggreko 
• APR Energy 
• Ashtead Group 
• Atlas Copco 
• Bredenoord 
• Byrne Equipment Rental 
• Caterpillar 
• Cummins 
• Generac Power Systems 
• Herc Rentals 
• Himoinsa 
• Modern Hiring Service 
• Perennial Technologies 
• Shenton Group 
• Sudhir Power 
• United Rentals

Diesel Fueled Power Rental Market Segmentation

• 1. Power Rating
  • 1.1. ≤ 75 kVA
  • 1.2. > 75 kVA - 375 kVA
  • 1.3. > 375 kVA - 750 kVA
  • 1.4. > 750 kVA
• 2. End Use
  • 2.1. Telecom
  • 2.2. Data center
  • 2.3. Healthcare
  • 2.4. Oil & Gas
  • 2.5. Electric Utilities
  • 2.6. Offshore
  • 2.7. Manufacturing
  • 2.8. Construction
  • 2.9. Mining
  • 2.10. Marine
  • 2.11. Others
• 3. Application
  • 3.1. Standby
  • 3.2. Peak Shaving
  • 3.3. Prime/Continuous

Diesel Fueled Power Rental Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. Russia
  • 2.2. UK
  • 2.3. Germany
  • 2.4. France
  • 2.5. Spain
  • 2.6. Austria
  • 2.7. Italy
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Australia
  • 3.3. India
  • 3.4. Japan
  • 3.5. South Korea
  • 3.6. Indonesia
  • 3.7. Malaysia
  • 3.8. Thailand
  • 3.9. Vietnam
  • 3.10. Philippines
• 4. Middle East
  • 4.1. Saudi Arabia
  • 4.2. UAE
  • 4.3. Qatar
  • 4.4. Türkiye
  • 4.5. Iran
  • 4.6. Oman
• 5. Africa
  • 5.1. Egypt
  • 5.2. Nigeria
  • 5.3. Algeria
  • 5.4. South Africa
  • 5.5. Angola
  • 5.6. Kenya
  • 5.7. Mozambique
• 6. Latin America
  • 6.1. Brazil
  • 6.2. Mexico
  • 6.3. Argentina
  • 6.4. Chile