Power Rental Market Report 2026

The power rental market size has grown rapidly in recent years. It will grow from $13.21 billion in 2025 to $14.55 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, increasing frequency of power outages, reliance on diesel-based temporary generators, growth of event-based power demand, availability of rental power fleets.

The power rental market size is expected to see strong growth in the next few years. It will grow to $21.21 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing adoption of gas and hybrid rental generators, rising demand from data centers and telecom sites, expansion of disaster recovery power solutions, growing focus on emission-compliant rental equipment, increased digital monitoring of rental assets. Major trends in the forecast period include increasing demand for temporary power solutions, rising adoption of hybrid and low-emission rental generators, expansion of power rental for infrastructure projects, growing use of modular power systems, enhanced focus on rapid deployment capabilities.

The rapid expansion of industrialization is expected to drive the growth of the power rental market in the coming years. Industrialization refers to the shift of an economy from primarily agricultural activities to increased manufacturing, construction, and industrial production. The growth of industrial activities across sectors such as manufacturing, information technology, and infrastructure development has heightened the need for uninterrupted and reliable power to support continuous operations. Power rental solutions meet this demand by providing temporary and flexible electricity supply during peak loads, grid constraints, or infrastructure expansion. For instance, in July 2023, according to Eurostat, a UK-based government statistical agency, industrial production in the euro area increased by 0.2%, while output in the European Union rose by 0.1% between April and May 2023. Therefore, rapid industrialization is fueling the growth of the power rental market.

Major companies operating in the power rental market are focusing on developing advanced, low-emission mobile power solutions to improve operational efficiency, reduce environmental impact, and address diverse temporary power needs. Low-emission mobile power solutions are portable generator systems engineered to provide reliable electricity while meeting stricter emission standards, offering flexibility for both standby and prime power applications. For instance, in February 2023, Caterpillar Inc., a US-based construction and equipment manufacturer, launched a next-generation mobile diesel generator designed for high performance with reduced emissions. The solution supports versatile power requirements through quiet operation, a durable and transport-friendly design, and advanced digital control capabilities that enhance reliability, monitoring, and operational flexibility across industrial and commercial applications.

In February 2025, Palatine Private Equity LLP, a UK-based private equity firm offering growth capital and strategic investment solutions, acquired a majority stake in Energreen S.p.A. for an undisclosed amount. Through this acquisition, Palatine aims to support Energreen’s expansion in the European power rental market by enhancing operational capabilities and accelerating growth through targeted investments in equipment and technology. Energreen S.p.A. is an Italy-based power rental company that provides temporary power solutions, including diesel and electric generators, hybrid energy systems, and on-site power management services for industrial, commercial, and event applications.

Major companies operating in the power rental market are Caterpillar Inc., Cummins Inc., Atlas Copco AB, United Rentals Inc., Ashtead Group plc, Kohler Co, Wärtsilä Oyj, Generac Power Systems Inc., Herc Rentals Inc., Hertz Equipment Rental Corporation, Wacker Neuson SE, Aggreko plc, Multiquip Inc., APR Energy Ltd., FG Wilson (Engineering) Ltd., Smart Energy Solutions Ltd., Modern Hiring Service Ltd., Speedy Hire plc, Power Electrics Bristol, Rental Solutions & Services, Bredenoord Exploitatiemij B.V., Pump Power Rental, Global Power Supply Ltd., Newburn Power Rental Ltd., ProPower Rental, Shenton Group plc.

Asia-Pacific was the largest region in the power rental market in 2025. North America is expected to be the fastest-growing region in the power rental market share during the forecast period. The regions covered in the power rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power rental market includes revenues earned by entities by providing services such as generator rental services and cooling equipment rental services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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