Delray Beach, FL, July 31, 2025 (GLOBE NEWSWIRE) — The global Power Rental Market size is expected to grow from USD 10.8 billion in 2024 to USD 14.2 billion by 2029, at a CAGR of 5.6% according to a new report by MarketsandMarkets™. The power rental market thrives due to its adaptability, reliability, and ability to address diverse energy needs across various sectors. Rising seasonal demand for power supply, increasing peak load management, along with rapid urbanization, industrialization, and infrastructure development require temporary power solutions, which is expected to boost the market during the forecast period.
The power rental market is being driven by several key factors contributing to its growth and demand. Firstly, there is an increasing demand for temporary power solutions across various industries such as construction, events, oil and gas, and utilities, where renting equipment provides flexibility and cost-effectiveness. The increasing volume of construction activities necessitates power rental equipment for tasks like lighting up construction sites and running temporary facilities. Moreover, the need for backup power solutions is on the rise due to frequent natural disasters, power outages, and grid instability, leading businesses to invest in standby power solutions offered by rental companies.
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Power Rental Market Scope:
| Report Coverage | Details |
| Market Size | USD 14.2 Billion by 2029 |
| Growth Rate | 5.6% of CAGR |
| Largest Market | North America |
| Market Dynamics |