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Yahoo
08-07-2025
- Business
- Yahoo
Shift Toward Clean and Hybrid Solutions, Fluctuating Fuel Prices, Rise in Infrastructure Development
The U.S. Power Rental Market, valued at USD 5.30 billion in 2024, is forecasted to reach USD 8.27 billion by 2030, growing at a 7.70% CAGR. Tariffs impact equipment costs, urging a shift to hybrid solutions and longer rental contracts. Infrastructure growth fuels demand, as key players like United Rentals and Sunbelt Rentals dominate. Advancements like Aggreko's low-emission generators boost environmental efforts. The South and West lead geographically due to robust construction and renewable projects. Diesel remains the top fuel choice, driven by reliability needs and economic scalability. U.S. Power Rental Market Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "U.S. Power Rental Market - Strategic Assessment & Forecast 2025-2030" report has been added to U.S. Power Rental Market was valued at USD 5.30 billion in 2024, and is projected to reach USD 8.27 billion by 2030, rising at a CAGR of 7.70%. The U.S. power rental market is dominated by major players such as United Rentals, Sunbelt Rentals, Herc Rentals, and Home Depot. These companies hold significant U.S. power rental market share due to extensive fleets, nationwide presence, and strong brand recognition. Beyond the major players, the market includes many regional and local rental companies. These smaller firms often compete on price, customer service, or specialization in niche sectors (e.g., events, construction, or emergency services). Growing environmental regulations and customer demand for sustainability are driving competition toward hybrid generators, battery storage, and lower-emission equipment. Companies offering green or Tier 4 Final-compliant equipment are gaining favor in the U.S. power rental market. The U.S. power rental market has experienced significant merger and acquisition (M&A) activity in recent years, with companies actively expanding their power rental capabilities. In 2025, Herc Holdings completed the acquisition of H&E Equipment Services, further expanding its equipment rental portfolio and market reach. This strategic move strengthens Herc's position in the construction and industrial Southern U.S. holds the largest share of the U.S. power rental market. States like Texas, Florida, and Georgia have significant construction, oil & gas, and manufacturing activities that drive demand for power rentals. Large infrastructure developments, including power plants, commercial buildings, and data centers, increase rental needs. Furthermore, the West holds a significant share, reflecting strong activity, especially in states like California, Washington, and Colorado. Renewable energy projects (solar, wind) and mining operations contribute to the demand for mobile power solutions. Wildfires and droughts create demand for emergency power Midwest remains a manufacturing powerhouse requiring temporary power for maintenance, shutdowns, and expansions. Large-scale construction projects (e.g., energy infrastructure projects, highways, bridges) often require temporary power solutions. Furthermore, the Northeast's industrial sector needs backup and supplemental power to avoid production downtime. Large-scale events, festivals, concerts, and sports events require mobile power solutions, especially in urban POWER RENTAL MARKET TRENDS & DRIVERS Shift Toward Clean and Hybrid SolutionsInnovations in energy storage are revolutionizing portable power, making it more efficient and more sustainable. Leading the transformation are battery energy storage systems (BESS). A BESS paired with a mobile power generator forms a hybrid power solution that produces lower emissions or zero emissions and consumes significantly less fuel. For instance, Aggreko provides 100 kW Tier 4F Generator Rental, with innovative features that reduce regulated emissions (NOx, CO, VOCs) to near-zero levels, reduce fuel usage and costs, arc Flash detection and physical safety barriers to provide safety to the operators, and in Infrastructure DevelopmentThe surge in infrastructure development in the U.S. is driving demand for temporary power solutions in construction and industrial projects, particularly in remote or underserved areas. As projects like roads, bridges, and urban development expand, flexible and reliable power rental options are essential for meeting energy needs. For instance, in January 2025, OpenAI, SoftBank, and Oracle are investing up to $500 billion in the Stargate initiative to build 10 to 20 large-scale U.S. data centers, aiming to support AI infrastructure. This project is expected to drive significant growth in the data center and construction industries. These facilities often require substantial and continuous power supply, leading to a higher reliance on power rental services to meet their energy needs during peak loads or as backup RESTRAINTS Fluctuating Fuel PricesGasoline is the most common fuel source for portable generators. A standard 5-kilowatt generator will typically consume about 0.75 gallons per hour. The portable generator for a day, that would consume about 18 gallons, meaning the cost to run the generator would be more than $52 a day. The price of gas does fluctuate, which can make running this type of portable generator expensive over a prolonged period. Fluctuating diesel prices directly impact the U.S. power rental market, which depends heavily on diesel BY FUELDiesel has the highest incremental opportunity in the U.S. power rental market and is preferred over other fuels as it is more easily available. Despite reservations and resistance from environmental groups, regulators and localities are reluctantly approving diesel generators because of the current grid realities - specifically, the lack of reliable renewable infrastructure, limited energy storage capacity, and the urgent need for dependable backup power during peak loads or grid instability. Furthermore, other segments are gaining traction with an increase in power generation through renewable sources to enhance clean energy BY POWER RATINGIn 2024, the above 1,000 kVA segment accounted for 40% of the revenue share in the U.S. power rental market. The increasing need for reliable, high-capacity power solutions in industries such as construction, manufacturing, and large-scale events has fueled demand for powerful rental generators capable of supporting heavy machinery and critical operations. Additionally, the growing emphasis on backup power systems for data centers, hospitals, and commercial buildings amid rising concerns over grid reliability and natural disasters has further boosted the uptake of high-capacity units. Furthermore, infrastructure development projects and expanding urbanization require robust and scalable power solutions, which are often met by rental generators above 1000 kVA due to their flexibility and cost-efficiency compared to permanent installations. INSIGHTS BY EQUIPMENTIn 2024, generators dominated the equipment segment in the U.S. power rental market. The increasing frequency of power outages and natural disasters has heightened the need for reliable backup power solutions across residential, commercial, and industrial sectors. Additionally, rapid infrastructure development and ongoing construction projects require temporary power sources, further boosting generator rentals. The growing adoption of renewable energy sources, which can sometimes lead to grid instability, also increases reliance on generators for a consistent power supply. Moreover, businesses aiming to minimize downtime and maintain operations during maintenance or unexpected power failures are increasingly turning to generator rentals as a flexible and cost-effective BY END USERThe construction end-user segment in the U.S. power rental market is the fastest-growing segment, exhibiting the highest CAGR of more than 7.9% during the forecast period. This robust growth is primarily driven by increasing infrastructure development projects, urbanization, and the expansion of residential and commercial construction activities across the country. The growing emphasis on sustainable and efficient construction practices also fuels the demand for modern, energy-efficient power rental equipment. Additionally, the rise in government investments targeting infrastructure upgrades and disaster recovery initiatives further propels the demand for temporary and reliable power sources in construction projects. INSIGHTS BY APPLICATIONIn 2024, standby power solutions accounted for a significant 45% share of revenue within the application segment of the U.S. power rental market. Increasingly stringent regulations on power reliability and uptime across critical industries such as healthcare, data centers, and manufacturing have heightened the need for reliable backup power systems. The expanding adoption of digital infrastructure and the rise of remote work have further underscored the importance of a consistent power supply, fueling the demand for standby generators. KEY QUESTIONS ANSWERED Which are the key vendors in the U.S. power rental market? How big is the U.S. power rental market? What are some significant growth opportunities in the US power rental market? What is the growth rate of the U.S. power rental market? Which fuel type is projected to dominate the U.S. power rental market? Key Attributes: Report Attribute Details No. of Pages 103 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $5.3 Billion Forecasted Market Value (USD) by 2030 $8.27 Billion Compound Annual Growth Rate 7.7% Regions Covered United States Prominent Vendors United Rentals Ashtead Group plc Herc Holdings Inc The Home Depot, Inc. Other Prominent Vendors Atlas Copco Cummins Inc. Aggreko Caterpillar GENERAC Sunstate Equipment Co., LLC Red-D-Arc Inc. Taylor Power Systems, Inc Rehlko For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment U.S. Power Rental Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
03-07-2025
- Business
- Arabian Business
ADIA reportedly eyeing 30% stake acquisition in Aggreko
The Abu Dhabi Investment Authority (ADIA) is among a number of high-profile investors interested in buying a minority stake in Aggreko, the world's largest temporary power company. According to a Bloomberg report based on sources familiar with the matter, buyout firms KKR and CVC Capital Partners are also among the parties interested in buying the 30 per cent stake in the Glasgow-based company being offered by owners TDR Capital and I Squared Capital. The sources told Bloomberg that the deal could value the entire business at US$12 billion or more. Deliberations are in the early stages and no final decisions have been made, the sources said. Aggreko's owners could also decide against the stake sale if offers come below their expectations. Representatives for TDR, I Squared, ADIA, CVC and KKR declined to comment, Bloomberg added. TDR and I Squared took Aggreko private in a US$3.5 billion deal in August 2021. Aggreko is involved in several events, including some of the biggest sports tournaments and music festivals, and has a diverse portfolio of clients across the construction and travel industries. With more than 6,000 workers, it has a presence in more than 60 global locations with a fleet size of 9.6 gigawatts (in 2021 according to its website).
Bloomberg
02-07-2025
- Business
- Bloomberg
ADIA, CVC Said Among Firms Eyeing Stake in $12 Billion Aggreko
The Abu Dhabi Investment Authority, buyout firms KKR & Co. and CVC Capital Partners Plc are among parties considering buying a minority stake in Aggreko, one of the world's biggest suppliers of portable power generators, according to people familiar with the matter. Aggreko's owners TDR Capital and I Squared Capital are planning to sell as much as 30% in the Glasgow-based company and a deal could value the entire business at $12 billion or more, the people said. The stake sale could also draw interest from other financial investors, the people said, asking not to be identified as the information is private.
Yahoo
10-06-2025
- Business
- Yahoo
North American Power Rental Market Report 2025, Profiles of United Rentals, Aggreko, Sunbelt Rentals, Caterpillar, and Herc Rentals
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 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, 500.1-1000kw, 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 About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
04-06-2025
- Business
- Associated Press
Aggreko's North American Headquarters Replaces Diesel with Biofuel, Reducing CO2 by up to 60%
HOUSTON, June 04, 2025 (GLOBE NEWSWIRE) -- Aggreko, a global leader in energy solutions, announced that the company has transitioned four of its North American locations to hydrotreated vegetable oil (HVO), negating the need for diesel in any internal needs. The locations include the company's North American headquarters in Pearland, TX, as well as the facilities in New Iberia, San Francisco, and Los Angeles. Thanks to the transition, the company has reduced diesel-related carbon emissions at these two sites by up to an estimated 60%. In replacing diesel with the HVO, Aggreko is instead using biofuel for its onsite operations in the four locations, including the maintenance and testing of generators and fuel for forklifts and service vehicles. At Aggreko service centers, technicians use fuel to ensure generators and other power solutions are ready for customer delivery, as well as for general onsite transportation needs. As Aggreko's generators can run on biofuel in addition to diesel, even if a customer is planning to operate a generator using diesel, Aggreko can rely on HVO to test the unit. 'One of the great benefits of our diesel power solutions is how all of them can run on biofuels like HVO, and our service centers provide a great opportunity to demonstrate this for our customers,' says Todd Aston, Regional Vice President of Sustainability at Aggreko. 'In replacing our internal fuel needs with a biofuel option, we realized a dramatic CO2 emissions reduction of up to 60%. We are proud to take a leading role among energy solution providers in embracing alternative fuels, and we look forward to transitioning to HVO at more of our service centers.' Following the successful transition to HVO at Pearland, New Iberia, San Francisco, and Los Angeles, Aggreko is finalizing the replacement of diesel with HVO for internal use at additional facilities across the United States. Aggreko's transition to HVO forms a key part of the company's Energizing Change sustainability campaign, which includes installing rooftop solar at service centers to support reaching 100% renewable electricity at service centers. To learn more about Energizing Change, visit About Aggreko Aggreko is a global leader in energy solutions, providing rapidly deployable, modular power and temperature control solutions for however long they're needed. We're highly skilled sector specialists, bringing together our proprietary application know-how and engineering capability to deliver efficient, reliable and sustainable energy solutions. With experience of working in the most demanding environments, we're available for customers when they need us most, from emergency critical services to longer-term energy solutions. We're continually investing in more sustainable products, fuels and services to make greener solutions accessible to customers, helping them wherever they are on their energy transition journey. Founded in 1962, we are headquartered in the UK and employ over 6,800 people worldwide. For more information, please visit our website at Home | Aggreko. Media Contact Justin Williams Trevi Communications for Aggreko [email protected] +1 (978) 539-7157 A photo accompanying this announcement is available at
