Market Overview:
The Asia Pacific power rental market size reached US$ 6.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 6.4 Billion |
Market Forecast in 2032
|
US$ 10.0 Billion |
Market Growth Rate 2024-2032 |
5.1% |
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific power rental market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on fuel type, equipment type, power rating, application and end use industry.
Breakup by Fuel Type:
- Diesel
- Natural Gas
- Others
Breakup by Equipment Type:
- Generator
- Transformer
- Load Bank
- Others
Breakup by Power Rating:
- Up to 50 kW
- 51 - 500 kW
- 501 - 2,500 kW
- Above 2,500 kW
Breakup by Application:
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
Breakup by End Use Industry:
- Utilities
- Oil & Gas
- Events
- Construction
- Mining
- Data Centers
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Fuel Type, Equipment Type, Power Rating, Application, End Use Industry, Country |
Countries Covered |
China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Asia Pacific power rental market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific power rental market?
- What are the key regional markets?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the equipment type?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific power rental market and who are the key players?
- What is the degree of competition in the industry?