This detailed analysis underscores the substantial growth trajectory of the Asia Pacific Power Rental Market, which reached a value of $1.61 billion USD in 2023. The market is positioned for robust expansion, with a projected compound annual growth rate (CAGR) exceeding 4% from 2023 to 2030. Key drivers propelling this growth include an unreliable power grid, escalating demands from sectors such as construction, mining, and mission-critical facilities, a thriving entertainment industry, and the escalating integration of renewable energy sources.
India emerges as the dominant force in the Asia Pacific power rental landscape, commanding 35% of the market share and anticipating a CAGR surpassing 5%. India's market growth is primarily fueled by rapid advancements within energy-intensive sectors like construction, manufacturing, mining, and oil & gas.
Despite the promising outlook for the region, the power rental market encounters significant challenges, including stiff competition, sluggishness in manufacturing sectors, and a dearth of skilled personnel.
Currently, approximately 80% of rental generators in the region rely on diesel, favored for their simplicity of operation, minimal maintenance requirements, prolonged operational lifespan, and abundant fuel availability. However, natural gas generators are gaining traction, especially in the oil & gas segment, where they can utilize syngas byproducts from wellheads, mitigating flaring and bolstering environmental sustainability efforts.
In terms of technological advancements and trends, there is a notable shift towards energy-efficient and environmentally-friendly technologies to adhere to stringent emission standards at the end-user level. The mining sector emerges as a significant consumer of power rental services, closely followed by utilities. Key players in this market landscape encompass Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and APR Energy (Atlas Corp.), among others.
Report Scope
This Asia Pacific Power Generation Rental market research report includes market size, growth rates, vertical end user split, competitive market share data and revenue forecasts from 2023-2030 for the Asia Pacific region. The study is a comprehensive analysis including market share splits by fuel type (diesel-based vs. gas-based), generator size (<100 kW, 100-500 kW, 500kW-1 MW, >1 MW), application (prime, peak shaving, continuous, standby), end user group (mining, utilities, manufacturing, oil & gas, construction, others), 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 Asia Pacific Power Rental Market is highly competitive and fragmented. The market contains many local companies competing against each other and trying to gain a foothold. The market is projected to experience a steady growth rate during the forecast period (2023-2030). Drivers include increasing demand for power, poor grid infrastructure, and frequent power outages caused by natural disasters.
The market numbers included in this report represent revenues generated by companies operating in the power rental market in Asia Pacific. The base year for the study is 2023 and the forecast period is from 2023 until 2030.
This study captures the following information on Asia Pacific Power Rental Market:
- Market Size, Growth Rate, Revenue Forecasts (2023-2030)
- Growth Drivers & Restraints
- Market Data
- Quotes by Key Industry Participants
- Market Share Analysis
- Market Trends
Table of Contents
I Research Scope, Methodology, DefinitionII Segmentation by End-user, Application, Fuel Type, and Equipment Output Range
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aggreko plc
- Kohler Co. (Clarke Energy)
- APR Energy LLC
- Coates Hire Ltd
- Caterpillar Inc.
- Total Generators
Methodology
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