The North America power rental market reached approximately USD 4.50 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034, reaching a value of around USD 6.47 Billion by 2034.
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.
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 segmentsMarket 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
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Power Rental Market Overview
6 North America Power Rental Market Overview
7 North America Power Rental Market by Fuel Type
8 North America Power Rental Market by Rating
9 North America Power Rental Market by Application
10 North America Power Rental Market by End Use
11 North America Power Rental Market by Country
12 Market Dynamics
13 Competitive Landscape
Companies Mentioned
- 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.)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 4.5 Billion |
| Forecasted Market Value ( USD | $ 6.47 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
