North America Power Rental Market Report and Forecast 2025-2034

North America Power Rental Market Size

The North America power rental market reached approximately USD 4.5 billion in 2024. The market is projected to grow at a CAGR of 3.7% between 2025 and 2034, reaching a value of around USD 6.3 billion by 2034.

Key Takeaways

• The presence of government initiatives such as the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA) in the United States are substantially boosting construction activities, further increasing the need for power rentals.

• Power rentals are widely adopted in emergency situations and for disaster recovery efforts for providing critical electricity supply.

• In 2019, natural gas-fired generators represented 43% of operating U.S. electricity generating capacity.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

The North America power rental market is driven by the increasing demand for constant and reliable energy supply from diverse industries. Power rental companies are transitioning towards the adoption of new forms of power, such as green power produced from solar energy or hydrogenated vegetable oil, among others in products such as aerial platforms, lighting towers, and generators (where hybrid engine/battery units are currently common). Natural gas generators are cleaner (about 85%) when compared to diesel-based generators. Further, consumers are adopting renewable energy-based power generators, as they are cleaner and more cost-effective options.

The manufacturing sector across the region is witnessing a significant growth, with manufacturers in the US accounting for 10.70% of the total output in the country. In 2021, the total manufacturing output of the United States was USD 2.5 trillion.  Furthermore, the manufacturers help in driving the economy of the US, with USD 1.4 trillion in manufactured goods exports in 2021. The increasing need to ensure consistency in manufacturing operations is expected to support the North America power rental market growth.

Canada is transitioning towards a net zero economy by 2050, further increasing the demand for electricity at a substantial rate. It is estimated that by 2050, electricity will represent about 40 to 45% of the Canadian energy mix and will be the major end-use energy source.  Additionally, the occurrences of power outages across Canada due to high-speed winds and various other factors are contributing  to the adoption of power rentals, further supporting the North American power rental market growth.

Market Segmentation

North America Power Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments

Market Breakup by Fuel Type

• Diesel

• Gas

• Alternative Fuel

Market Breakup by Rating

• Up to 50 kW

• 51 –500 kW

• Above 500 kW

Market Breakup by Application

• Peak Shaving

• Standby Power

• Prime/Continuous Power

Market Breakup by End Use

• Utilities

• Oil and Gas

• Events

• Construction

• Mining

• Manufacturing

• Data Centres

• Others

Market Breakup by Region

• United States

• Canada

Competitive Landscape

Market players are increasingly providing power rentals that are engineered for easy transportation and fast installation and also meet the power requirements in the shortest time.

• Caterpillar Inc.

• Cummins Inc.

• Atlas Copco AB

• Generac Holdings Inc.

• Johnson Controls International Plc

• United Rentals, Inc.

• Kohler Co.

• Aggreko Ltd.

• Herc Rentals Inc.

• Briggs & Stratton, LLC (Allmand Bros., Inc.)

• Others

Key Highlights of the Report