The global power generator rental market was valued at USD 5.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030, reaching nearly USD 7.62 billion by the end of the forecast period.
The market’s growth is driven by the increasing demand for temporary, flexible power solutions across various sectors, including construction, mining, events, and emergency response. More businesses are opting for rental services due to their cost-effectiveness, low maintenance, and reduced operational hassle.
This growth is further supported by infrastructure development projects and the need for immediate power during natural disasters, which often result in power shortages. The rise in remote locations and off-grid operations has also played a significant role in increasing the demand for rental power solutions.
Key factors fueling the power generator rental market include the need for temporary power during peak demand, construction projects, and events. The expanding infrastructure and construction industries are particularly influential, as construction sites require reliable and portable power sources to operate equipment. Additionally, the increasing frequency of power outages and natural disasters worldwide has further amplified the demand for backup generators. Many businesses and organizations prefer renting generators over owning them to avoid high upfront costs and long-term maintenance responsibilities.
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