North American Power Rental Market Report 2025, Profiles Of United Rentals, Aggreko, Sunbelt Rentals, Caterpillar, And Herc Rentals

(MENAFN- GlobeNewsWire - Nasdaq) The North American Power Rental Market, worth $2.8 billion in 2024, is projected to soar to $4.4 billion by 2031, driven by robust oil & gas activity, grid instability, and mega projects. Key players include United Rentals, Aggreko, and Sunbelt. Diesel and natural gas generators, especially in the Permian Basin, cater to rising demand from data centers and utilities amidst aging infrastructure and severe weather. The comprehensive report provides insights into market size, growth drivers, and trends from top companies.

Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "2025 North American Power Rental Market" report has been added to ResearchAndMarkets.com's offering.

The North American Power Rental Market reached $2.8 billion in 2024 and is forecasted to grow to $4.4 billion by 2031.

The market expanded by 9.6% between 2024 and 2025, propelled by a combination of sustained oil & gas activity, grid modernization needs, and surging demand from large-scale infrastructure projects.

This research report includes market size, growth rates, vertical end-user split, competitive market share data and revenue forecasts from 2024-2031 for the United States and Canada. The study is a comprehensive analysis including market share splits by fuel type (diesel, natural gas, others), output power, application, end user group and rental provider. Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included in this analysis of the temporary power opportunity.

The North American Power Rental Market is mature and competitive with the presence of regional and national market participants trying to get a strong foothold in the market. Growth is fueled by strong oil & gas activity, grid instability, and mega projects. United Rentals, Aggreko, and Sunbelt lead a highly consolidated and competitive market.

Oil & gas remained one of the top drivers, accounting for 20% of total market revenues in 2024. The segment continues to demand reliable rental solutions across exploration, production, and midstream activities, especially in off-grid locations. Concurrently, aging utility infrastructure and more frequent weather-related outages elevated the need for temporary power across North America.

Other key growth segments include industrial and construction, with data center expansion and federally backed mega projects boosting long-term rental opportunities. Despite regulatory and cost pressures from Tier 4 Final emissions standards, demand remains strong for diesel and natural gas generators. Notably, natural gas units now represent 30% of the market, favored for their lower emissions and fuel flexibility.

United Rentals, Aggreko, Sunbelt Rentals, Caterpillar, and Herc Rentals were the top five players in 2024. Other companies included in the report are H&E Equipment Services, EquipmentShare, Sunstate Equipment Co., PowerSecure, Mesa Solutions, VoltaGrid, Enchanted Rock, Electro-Motion, and others.

Report Scope

This study captures the following information on North American Power Rental Market:

• Market Size, Growth Rate, Revenue Forecasts (2024-2031)
• Growth Drivers & Restraints
• Market Revenues by Fuel Type (Diesel, Natural Gas, Others)
• Market Revenues by Output (less than 100kw, 100-500kw, over 1000kw)
• Market Revenues by Application (Prime, Standby, Peak Shaving)
• Market Revenues by End User 2024 and estimated 2031 (Industrial, Oil & Gas, Construction, Utility, Commercial, Entertainment, Others)
• Quotes by Key Industry Participants
• Market Share Analysis
• Market Trends

Key Topics Covered:

I. Research Scope, Methodology

II. Segmentation by Type of Fuel, Application, End-user, and Output Range

III. Executive Summary

• Revenues by end-user
• Major Data Points
• North American Power Rental Market Revenues, 2024 & 2031
• Major trends
• Market drivers
• Market restraints
• Main market participants

IV. Strategic Recommendations & Opportunities

V. Market Drivers

VI. Market Restraints

VII. Market Trends

• Shift to Energy-as-a-Service Models
• Integration of BESS into Power Rental Fleets
• Hydrogen-Battery Hybrid Surge
• Shift Toward Natural Gas Generators
• Industry consolidation

VIII. Market Data

• North American Power Rental Market revenues (2024-2031)
• United States power rental market revenues (2024-2031)
• Canada power rental market revenues (2024-2031)
• North American Power Rental Market revenues by fuel type (Diesel, Natural Gas, and Others)
• North American Power Rental Market revenues by output
• North American Power Rental Market revenues by application (Prime, Standby, and Peak Shaving
• North American Power Rental Market revenues by end user, 2024 (Industrial, oil & gas, construction, utility, commercial, entertainment, others)
• North American Power Rental Market revenues by end user, 2031 (Industrial, oil & gas, construction, utility, commercial, entertainment, others

IX. Competitive Landscape

• North American Power Rental Market share by company, 2024
• Competitive factors
• Quotes from the industry

X. Company Profiles

• United Rentals, Inc.
• Aggreko plc
• Sunbelt Rentals, Inc.
• Caterpillar, Inc.
• Herc Rentals

A selection of companies mentioned in this report includes, but is not limited to:

• United Rentals, Inc.
• Aggreko plc
• Sunbelt Rentals, Inc.
• Caterpillar, Inc.
• Herc Rentals
• H&E Equipment Services
• EquipmentShare
• Sunstate Equipment Co.
• PowerSecure
• Mesa Solutions
• VoltaGrid
• Enchanted Rock
• Electro-Motion

For more information about this report visit

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