Asia Pacific Power Rental Market Size - By Power Rating (≤ 75 kVA, > 75 kVA - 375 kVA, > 375 kVA - 750 kVA, > 750 kVA), By Fuel (Diesel, Gas), By End Use, By Application, Country Outlook & Forecast, 2024 – 2032

Asia Pacific Power Rental Market Size

Asia Pacific Power Rental Market was valued at USD 3.03 billion in 2023 and is estimated to grow at a CAGR of 4.9% from 2024 to 2032. Burgeoning expansion of data centers and rising cost of unplanned outages along with heavy dependency on constant communication and information sharing is increasing the rental adoption of gensets.
 

Power rental refers short-term provision of electrical power generation equipment to businesses, industries, events, or individuals. This service is typically utilized when there is a need for additional power beyond what is available from the existing electrical grid or in situations where the grid power is unreliable or unavailable. The key products involved include generator sets, load banks, electrical distribution system and other related equipment.
 

Asia Pacific Power Rental Market Trends

Sizeable investments to reinforce the ongoing infrastructural expansion and industrialization have led to an augmented growth of the rental generator sets industry. Several government-supported plans across key economies for the expansion of infrastructure will significantly foster the deployment of these units. The government initiatives to excel the digitalization is further set to foster the industry statistics. Ongoing adoption of smart models to experience the growth followed by key in operation excellence will propel the business scenario.
 

Asia Pacific Power Rental Market Analysis

The ≤ 75 kVA rated power rental market will exceed USD 1.2 billion by 2032. Increasing power failures, aging grid infrastructure, and intensifying natural disasters will positively impact the business outlook. Moreover, ongoing consumer shift toward adoption of smaller & less powerful component on account of their operational suitability and economic viability will energize the industry dynamic.
 

The construction power rental market size will witness growth rate of over 5% through 2032. Robust construction activities driven by elevated construction spending have triggered the demand for gensets as an indispensable power supply source. Construction projects often stall due to power interruptions at job sites, resulting in cost overruns and delayed schedules, which in turn will stimulate the product penetration.
 

The India power rental market is set to surpass USD 700 million by 2032. The proliferation of retail complexes and industries has significantly corresponded to the rising demand for consistent & reliable power supply, accelerating the business potential. Rising costs of data center outages coupled with strengthening consumer awareness toward reliable backup power solutions will fuel the industry landscape.
 

Asia Pacific Power Rental Market Share

APR Energy is one of the global leaders in providing fast-track mobile power solutions. The company specializes in providing temporary power generation solutions to utility companies, governments, industries, and humanitarian organizations around the world. offers a wide range of power generation equipment, including gas turbines, diesel generators, and hybrid power solutions.
 

Asia Pacific Power Rental Market Companies

Some major players operating in the Asia Pacific power rental industry is mentioned below:

• Aggreko
• Al Faris Group
• APR Energy
• Ashtead Group plc.
• Brede Noord
• Byrne Equipment Rental
• Caterpillar
• Cummins Inc.
• Generac Power Systems, Inc.
• GMMCO Limited
• Herc Rentals Inc.
• HIMOINSA
• KOHLER-SDMO
• Modern Hiring Service
• Perennial Technologies
• Perfect Hiring Services
• Shenton Group
• Sudhir Power
• United Rentals, Inc.
• Wagner Equipment Co.
   

Asia Pacific Power Rental Industry News

• In June 2022, Cummins introduced a latest C1000D6RE, 1 MW of twin pack rental power diesel generator for North America region. This rental generator equipped with 2 Cummins 15 L, 40ft power unit, 500kW generators into a single, and complete with aftertreatment. Moreover, it enabled the compliance of Tier 4 final emissions regulation while conveying high output performance, and reliable power.
   
• In April 2021, United Rentals announced acquisition of Franklin Equipment, a regional supplier and services provider of rentals equipment, sales, and related services across the Southeast and Midwest U.S. This transaction has further expanded the company company’s presence across the general rental business segment in the key markets in line with providing excellence customer service.
   

This Asia Pacific power rental market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 kVA - 750 kVA
• > 750 kVA

Market, By Fuel

• Diesel
• Gas
• Others

Market, By End Use

• Telecom
• Data Center
• Healthcare
• Oil & Gas
• Electric Utilities
• Offshore
• Manufacturing
• Construction
• Mining
• Marine
• Others

Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines