Power Equipment Rental Research:with a compound annual growth rate (CAGR) of 7.4% in the next few years

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Power Equipment Rental- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Power Equipment Rental market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Power Equipment Rental was estimated to be worth US$ 1101 million in 2024 and is forecast to a readjusted size of US$ 1814 million by 2031 with a CAGR of 7.4% during the forecast period 2025-2031.

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Power Equipment Rental Market Summary

According to the latest report "Global Power Equipment Rental Market Report 2025-2031" by the QYResearch research team, the global Power Equipment Rental market size is expected to reach US$1.814 billion in 2031, with a compound annual growth rate (CAGR) of 7.4% in the next few years.

Power equipment rental refers to a service model where businesses or individuals temporarily obtain the necessary power systems to meet short-term, emergency, or phased electricity needs without directly purchasing power equipment. This service covers equipment such as generator sets, uninterruptible power supplies (UPS), transformers, load banks, power distribution systems, and mobile energy storage devices, and is widely used in scenarios such as construction, data centers, event exhibitions, mining operations, hospital backup power, and disaster emergency power supply. Rental companies typically provide integrated services including equipment delivery, installation and commissioning, operation monitoring, and maintenance to ensure the safety and stability of power supply. Compared to purchasing equipment, power equipment rental significantly reduces customers' initial capital expenditure and maintenance costs, offering advantages such as high flexibility, fast response, and timely equipment updates. With the development of energy digitalization and distributed power systems, power equipment rental is transforming from traditional diesel generators to hybrid energy storage and intelligent dispatch systems, becoming an important supplement to modern energy management.

The power equipment rental market is in a phase of rapid growth, driven by energy structure transformation, accelerated infrastructure construction, and the diversification of temporary power supply needs. First, the increasing number of new energy projects and fluctuating grid loads globally have led companies to favor rental for flexible power support, especially during the commissioning of wind power, photovoltaics, and energy storage, where leased equipment has become a key solution for transition and testing phases. Second, the continued growth in temporary power demand from industries such as construction, mining, healthcare, and data centers has driven a rapid increase in demand for portable generator sets and UPS rental. Furthermore, with stricter controls on capital expenditures, companies are increasingly favoring "asset-light" operations, further increasing the penetration rate of the rental market. In terms of market competition, the industry is transitioning from simple equipment rental to comprehensive energy management services, with mainstream companies differentiating themselves through digital monitoring and remote energy efficiency management. In the future, with the advancement of energy storage system rental and carbon neutrality policies, the power equipment rental market will evolve towards greening, intelligence, and service, becoming an important component of the energy service system.

The development of the power equipment rental industry is primarily driven by multiple factors.

First, the continued growth of infrastructure construction and industrial projects is the core driving force, especially in sectors such as construction, petrochemicals, mining, and rail transportation, where the demand for temporary or emergency power is constantly increasing.

Secondly, frequent extreme weather events and natural disasters have made emergency power supply a crucial safeguard for governments and businesses, driving a surge in demand for mobile power supplies and energy storage rental.

Thirdly, the expansion of the digitalization and data center industries has spurred the rapid growth of the UPS and backup generator rental market, particularly in emerging markets such as the Asia-Pacific and the Middle East.

Fourthly, increased corporate demands for cost control and flexible operations have made rental more economical and flexible than self-purchase, leading to its widespread adoption. Fifthly, the application of new energy technologies and intelligent energy management systems has promoted the popularization of combined rental solutions such as hybrid power and energy storage + diesel engines, improving energy efficiency and environmental performance.

Finally, policy and carbon reduction pressures are reshaping the industry structure, prompting rental companies to upgrade towards green, low-carbon, and intelligent operation and maintenance, and driving the transformation of power equipment rental towards energy services.

Figure00001. Global Power Equipment Rental Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Power Equipment Rental

Above data is based on report from QYResearch: Global Power Equipment Rental Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Power Equipment Rental such as AP Rentals、Atlas Copco、Power Equipment Company、Sycor. Rental、United Rentals、Sunbelt Rentals、Lowe's、Gap Power、EquipmentShare、Herc Rentals、Newtown Power Equipment、ORIX Rentec、Krauter、Kiloutou、Tiger Rentals. In 2023, the global top five Power Equipment Rental players account for 71% of market share in terms of revenue.

The power equipment rental industry chain is a complex ecosystem connecting equipment manufacturing, financial services, and end-user applications, and its operation is highly dependent on logistics, technology, and service networks.

Upstream in the industry chain are equipment manufacturers and capital providers. Core equipment suppliers include manufacturers of large generators, distribution cabinets, uninterruptible power supplies (UPS), and lighting towers. Their technological advancements (such as silent generators and hybrid energy equipment) directly determine the performance and environmental standards of the products available in the rental market. Simultaneously, since rental is a capital-intensive industry, the cost of capital is crucial. Therefore, the upstream also includes banks, financial institutions, and rental companies, which provide key financing support for lessors to acquire large equipment asset portfolios, such as credit, equipment-backed loans, and asset securitization. Their interest rates and financial policies directly affect the lessors' expansion capabilities and market competitiveness.

Midstream in the industry chain consists of rental service operators, who are the core of integration and value creation. This segment exhibits a distinct pyramid structure: at the apex are global giants with vast nationwide warehouse networks and extremely rich equipment inventories, providing one-stop solutions for multinational infrastructure projects; the middle layer consists of powerful regional or national experts who cultivate local markets and offer more flexible and tailored services; at the bottom are numerous highly specialized small rental companies that may focus on specific areas, such as providing silent power for film shoots or offering temporary power services for a particular city. Furthermore, digital service platforms are emerging as a new force in the midstream, integrating scattered equipment resources through online platforms to achieve more efficient equipment sourcing and order management.

Downstream in the industry chain are a wide range of application scenarios and end customers, who are the ultimate source of demand. The largest demand comes from construction and infrastructure projects, where construction sites require temporary power throughout the entire construction cycle. Large-scale events such as film and entertainment, sporting events, and outdoor music festivals are typical customers for short-term, high-intensity rentals, with specific requirements for quiet and reliable equipment. Manufacturing and commercial enterprises also generate rental needs for equipment maintenance, production line expansion, or emergency backup. Furthermore, public utilities and emergency management departments are important downstream customers, especially after natural disasters cause power grid outages, leading to a surge in demand for emergency generator rentals. The value of the entire industry chain is ultimately realized by meeting these downstream customers' fundamental needs for temporary, flexible, and low-cost power access.

The competitive landscape of the power equipment rental market exhibits a coexistence of regional concentration and service diversification. From a company type perspective, it can be divided into three categories: first, international integrated rental giants with strong equipment reserves, multinational operating networks, and digital energy management capabilities, primarily serving large industrial projects and energy bases; second, regional integrated rental companies, whose advantages lie in localized services and flexible lease terms; and third, specialized power equipment rental companies, focusing on niche markets such as generator sets, UPS systems, and mobile energy storage devices, with rapid technology updates and a comprehensive product range. In addition, Chinese companies are rapidly emerging in the Asia-Pacific region, forming a regional competitive force.

Overall, the power equipment rental industry shows a trend of moderate concentration, service integration, and structural optimization driven by energy transition. Industry competition is upgrading from "single equipment rental" to "energy system solutions," focusing on building capabilities in intelligent monitoring, remote operation and maintenance, and green power solutions. Future competition will further shift towards digital dispatch platforms, hybrid power system integration, and renewable energy rental services, forming a bipolar pattern dominated by leading European and American companies and rapidly catching up with emerging Asian forces.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Power Equipment Rental market is segmented as below:
By Company
AP Rentals
Atlas Copco
Power Equipment Company
Sycor. Rental
United Rentals
Sunbelt Rentals
Lowe's
Gap Power
EquipmentShare
Herc Rentals
Newtown Power Equipment
ORIX Rentec
Krauter
Kiloutou
Tiger Rentals

Segment by Type
Diesel Generator Sets
Silent Generator Sets
Gas Generator Sets
Others

Segment by Application
Medical
Construction
Industrial
Others

Each chapter of the report provides detailed information for readers to further understand the Power Equipment Rental market:

Chapter 1: Introduces the report scope of the Power Equipment Rental report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Power Equipment Rental manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Power Equipment Rental market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Power Equipment Rental in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Power Equipment Rental in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Power Equipment Rental competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Power Equipment Rental comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Power Equipment Rental market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Power Equipment Rental Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Power Equipment Rental Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Power Equipment Rental Market Research Report 2025

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