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Asia Pacific Power Rental Market Size, Share, Trends, Report: By Fuel Type: Diesel, Gas, Alternative Fuel; By Rating: Up to 50 kW, 51 –500 kW, Above 500 kW; By Application: Peak Shaving, Standby Power, Prime/Continuous Power; By End Use: Utilities, Oil and Gas, Events, Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
Asia Pacific Power Rental Market Outlook
The Asia Pacific power rental market size reached approximately USD 3.2 billion in 2023. The market is projected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of around USD 4.8 billion by 2032.
Key Takeaways
- With temperatures in Asian countries reaching over 40 degrees, end users have increased their investment in backup power supplies.
- The presence of favourable government initiatives in India such as Make in India is contributing to an increased requirement for power rentals in the manufacturing sector.
- As of 2023, China had presence of 449 data centres and is anticipated to rise due to the explosive growth of data use.
Power outages due to factors such as weather changes, grid issues, and maintenance can be observed in the region. In February 2022, Japan's power utilities anticipated a reserve power supply capacity ratio of 5.8%, lower than the recommended 8%. The power supply deficit increased the demand for backup power, further increasing the adoption of power rentals. Furthermore, the Asia Pacific power rental market is being driven by the expansion of the commercial spaces including malls, hotels, and retail stores, further necessitating the use of rentals at times of unexcepted power deficits.
Diesel generators are increasingly being adopted in countries such as India and China, due to the advances in the manufacturing sector and increasing demand for power in construction projects. In 2022, the construction sector in China witnessed a total output value of over 31 trillion yuan (USD 4.34 trillion). Diesel generators produce lesser greenhouse gas emissions, further increasing their demand.
In Q1 2023, the manufacturing sector experienced a remarkable growth of 4.67% (y-on-y) in Indonesia. Businesses adopting power rentals benefit from the absence of ownership costs, rapid and easy availability of generators for renting, lowered maintenance issues, almost zero downtime, and quick substitutions, among others. The rapid expansion of the manufacturing sector in countries such as Indonesia, China (PRC), Malaysia, and Thailand are significantly contributing to the Asia Pacific power rental market growth.
Market Segmentation
Asia Pacific Power Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
- Diesel
- Gas
- Alternative Fuel
Market Breakup by Rating
- Up to 50 kW
- 51 –500 kW
- Above 500 kW
Market Breakup by Application
- Peak Shaving
- Standby Power
- Prime/Continuous Power
Market Breakup by End Use
- Utilities
- Oil and Gas
- Events
- Construction
- Mining
- Manufacturing
- Data Centres
- Others
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Competitive Landscape
Market players are focused on improving their product offerings to meet the rising demand for backup power from diverse end use sectors.
- Atlas Copco AB
- Caterpillar Inc
- Cummins Inc.
- Generac Holdings Inc.
- Johnson Controls International Plc
- Aggreko Ltd.
- Nishio Group (United Power & Resources Pte. Ltd)
- Fuji Technical Services Pvt Ltd.
- Modern Energy Rental Pvt. Ltd.
- Perennial Technologies
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel Type |
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| Breakup by Rating |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3. 4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Power Rental Market Overview
8.1 Key Industry Highlights
8.2 Global Power Rental Historical Market (2018-2023)
8.3 Global Power Rental Market Forecast (2024-2032)
8.4 Global Power Rental Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Power Rental Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Power Rental Historical Market (2018-2023)
9.3 Asia Pacific Power Rental Market Forecast (2024-2032)
10 Asia Pacific Power Rental Market by Fuel Type
10.1 Diesel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Alternative Fuel
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Asia Pacific Power Rental Market by Rating
11.1 Up to 50 kW
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 51 –500 kW
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 500 kW
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Asia Pacific Power Rental Market by Application
12.1 Peak Shaving
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Standby Power
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Prime/Continuous Power
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Asia Pacific Power Rental Market by End Use
13.1 Utilities
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Oil and Gas
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Events
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Construction
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Mining
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Manufacturing
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Data Centres
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 Asia Pacific Power Rental Market by Country
14.1 China
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Japan
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 ASEAN
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Atlas Copco AB
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Caterpillar Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cummins Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Generac Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Johnson Controls International Plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aggreko Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nishio Group (United Power & Resources Pte. Ltd.)
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fuji Technical Services Pvt Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Modern Energy Rental Pvt. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Perennial Technologies
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Power Rental Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Power Rental Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Power Rental Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
4. Asia Pacific Power Rental Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
5. Asia Pacific Power Rental Historical Market: Breakup by Rating (USD Billion), 2018-2023
6. Asia Pacific Power Rental Market Forecast: Breakup by Rating (USD Billion), 2024-2032
7. Asia Pacific Power Rental Historical Market: Breakup by Application (USD Billion), 2018-2023
8. Asia Pacific Power Rental Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. Asia Pacific Power Rental Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Asia Pacific Power Rental Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Asia Pacific Power Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Asia Pacific Power Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Asia Pacific Power Rental Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.2 billion.
The market is estimated to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 4.8 billion by 2032.
The growth of the power rental market in the Asia Pacific is primarily fuelled by occurrences of power outages, and expansion of manufacturing and construction sector.
The major fuel types for power rentals are diesel, gas, and alternative fuel.
The countries in the power rental market are China, Japan, India, ASEAN, and Australia, among others.
The major end uses are utilities, oil and gas, events, construction, mining, manufacturing, data centres, and others.
The major players in the market are Atlas Copco AB, Caterpillar Inc, Cummins Inc., Generac Holdings Inc., Johnson Controls International Plc, Aggreko Ltd., Nishio Group (United Power & Resources Pte. Ltd), Fuji Technical Services Pvt Ltd., Modern Energy Rental Pvt. Ltd., and Perennial Technologies, among others.
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