The global power rental market was valued at $9.5 billion in 2020 and is projected to reach $17.8 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030. Power rental is defined as renting generator sets for power generation and that run on gas, diesel, or any other fuel. It delivers functioning power equipment along with various scalable components, which are installed in power stations. In addition, it offers reliability, flexibility, speed, and cost-effectiveness to businesses for coping with brief shortages of power. The power rental services are aimed to stabilize utility power grids and provide additional energy to industries and support communities. Thus, it finds extensive application across the construction, mining, and oil & gas industries.
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