The global rental genset space is experiencing steady growth, valued at $6.61 billion in 2024 and expected to exceed $11 billion by 2034. This growth is driven by the increasing demand for temporary and backup power across sectors such as construction, mining, oil & gas, utilities, and events. Diesel gensets still make up about 70 to 80% of rental units due to their reliability and fuel availability, but environmental regulations are pushing rental providers towards cleaner alternatives like natural gas and hybrid systems, particularly in developed regions. North America leads the industry in revenue, primarily due to its disaster recovery and infrastructure needs. Meanwhile, the ASEAN region is experiencing the fastest growth.

• Which technological advancements, particularly through the adoption of telematics and remote monitoring, are redefining the future of the rental genset space?
• What are the game-changing growth prospects and innovations enabling better tracking of usage and maintenance in rental gensets?
• How are rental companies diversifying their fleets, expanding their hybrid offerings, and positioning rental gensets as essential components of resilient energy strategies?