United States Power Rental Market Size, Report 2024-2032

The United States power rental market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The United States power rental market is primarily driven by the growing need for continuous and uninterrupted power supply for several critical application areas, including nuclear power plants, data centers, hospitals and commercial establishments. The implementation of stringent governmental regulations for emission control and the introduction of green power rental solutions have also positively impacted the market growth. Besides this, with the rising concerns about global warming, service providers are offering renewable power equipment to end users. For instance, Tesla, Inc., a US-based automotive and energy company, has recently launched a solar rental program for six states across the United States - New Mexico, Massachusetts, California, New Jersey, Connecticut and Arizona.