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The Asia Pacific power rental market exhibited moderate growth during 2014-2019. Power rental refers to the provision of temporary power equipment for oil and gas exploration, mine excavation, and construction and infrastructure projects. It is used in various stages that range from power plant pre-commissioning to building construction and site development activities. The service providers offer multiple safety devices that perform efficient and effective fuel management. In the Asia Pacific region, the demand for power rental systems is increasing as they require low installation costs and negligible maintenance, as well as provide uninterrupted and reliable power supply.
The Asia Pacific power rental market is primarily driven by the lack of proper grid infrastructure and the frequent power outages in the region. Besides this, the growing number of infrastructure development projects has led to high demand for reliable and continuous power supply. Moreover, the governments of various countries are undertaking initiatives to expand the metro rail and airport networks. This, coupled with the bolstering construction of hotels and shopping malls in the regions, has provided a positive impact on the market growth. Furthermore, the market is catalyzed by the growing awareness regarding the monetary benefits and functional advantages of power rental solutions among end users. Looking forward, IMARC Group expects the market to Asia Pacific power rental market to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific power rental market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, fuel type, equipment type, power rating, application and end use industry.
Breakup by Fuel Type:
Breakup by Equipment Type:
Breakup by Power Rating:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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