Asia Pacific Power Rental Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)
Description
Asia Pacific Power Rental Market Report and Forecast 2025-2034
Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific power rental market size reached a value of nearly USD 3.34 billion in 2024. Aided by the rising demand for temporary and backup power solutions across various industries, including oil and gas and construction, the market is projected to grow at a CAGR of 4.50% between 2025 and 2034 to reach a value of around USD 5.19 billion by 2034.
Power rental services involve leasing generators and other power equipment to provide temporary electricity during power outages, peak load demands, or off-grid applications. These services are crucial for industries such as construction, oil and gas, mining, manufacturing, and events, ensuring uninterrupted operations and reducing dependency on unreliable power grids. The increasing need for continuous and reliable electricity supply is one of the primary factors driving the Asia Pacific power rental market growth.
The rapid industrialisation and infrastructure development in emerging economies such as China, India, and Indonesia are significantly contributing to the demand for power rental solutions. Construction sites, which often require temporary power during project execution, rely heavily on rental power solutions to maintain seamless operations. Similarly, the expansion of the oil and gas sector in the region necessitates the use of reliable power sources, further supporting the Asia Pacific power rental market development.
The increasing frequency of power outages due to extreme weather conditions and ageing electrical grids is another key factor propelling the market. Several Asia Pacific countries experience frequent natural disasters such as typhoons, earthquakes, and floods, leading to disruptions in electricity supply. This has led to a surge in demand for backup power solutions from industries, commercial establishments, and emergency response agencies, strengthening the Asia Pacific power rental market expansion.
Additionally, the growing focus on renewable energy integration is influencing the market dynamics. While solar and wind energy projects are gaining traction, they require temporary power solutions during the installation, testing, and maintenance phases. This has led to increased adoption of rental power solutions in the renewable energy sector, thereby fuelling the Asia Pacific power rental market revenue.
The Asia Pacific region is witnessing large-scale infrastructure development, particularly in emerging economies. Governments are investing heavily in road construction, smart cities, and industrial parks, boosting demand for temporary power solutions. Moreover, industries such as healthcare, IT, and telecommunications require a stable power supply to function efficiently. The increasing need for power backup solutions in these sectors is favourably shaping the Asia Pacific power rental market dynamics.
Environmental concerns have led to a rising demand for eco-friendly power rental solutions. Hybrid and gas-powered generators are increasingly being adopted to reduce carbon footprints and comply with stringent regulations. Moreover, innovations such as remote monitoring, predictive maintenance, and IoT integration are improving the efficiency and reliability of power rental equipment, encouraging higher adoption across industries. This is one of the key Asia Pacific power rental market trends.
The region’s mining and oil and gas industries heavily rely on rental power solutions to operate in remote and off-grid locations. The continuous exploration and extraction activities are propelling the demand for temporary power solutions. Besides, the Asia Pacific is prone to extreme weather conditions, including typhoons, floods, and earthquakes, which cause disruptions in power supply. This drives the demand for emergency power rental solutions across the region. This is creating a favourable Asia Pacific power rental market outlook.
Large-scale events such as concerts, exhibitions, and sports tournaments require temporary power solutions. The growing event management sector in Asia Pacific is contributing to market expansion. Companies are increasingly opting for hybrid power solutions that combine traditional diesel generators with renewable energy sources such as solar and battery storage to enhance energy efficiency and cost savings.
The Asia Pacific power rental market value is poised for significant growth in the forecast period, driven by the increasing need for reliable electricity, rapid industrialisation, and advancements in power rental technologies. With the rising adoption of hybrid power solutions and growing infrastructure projects across the region, the demand for power rental services is expected to remain strong in the coming years.
Market Segmentation
The market can be divided based on fuel type, rating, application, end use, and country.
Market Breakup by Fuel Type
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific power rental market. Some of the major players explored in the report by Expert Market Research are as follows:
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific power rental market size reached a value of nearly USD 3.34 billion in 2024. Aided by the rising demand for temporary and backup power solutions across various industries, including oil and gas and construction, the market is projected to grow at a CAGR of 4.50% between 2025 and 2034 to reach a value of around USD 5.19 billion by 2034.
Power rental services involve leasing generators and other power equipment to provide temporary electricity during power outages, peak load demands, or off-grid applications. These services are crucial for industries such as construction, oil and gas, mining, manufacturing, and events, ensuring uninterrupted operations and reducing dependency on unreliable power grids. The increasing need for continuous and reliable electricity supply is one of the primary factors driving the Asia Pacific power rental market growth.
The rapid industrialisation and infrastructure development in emerging economies such as China, India, and Indonesia are significantly contributing to the demand for power rental solutions. Construction sites, which often require temporary power during project execution, rely heavily on rental power solutions to maintain seamless operations. Similarly, the expansion of the oil and gas sector in the region necessitates the use of reliable power sources, further supporting the Asia Pacific power rental market development.
The increasing frequency of power outages due to extreme weather conditions and ageing electrical grids is another key factor propelling the market. Several Asia Pacific countries experience frequent natural disasters such as typhoons, earthquakes, and floods, leading to disruptions in electricity supply. This has led to a surge in demand for backup power solutions from industries, commercial establishments, and emergency response agencies, strengthening the Asia Pacific power rental market expansion.
Additionally, the growing focus on renewable energy integration is influencing the market dynamics. While solar and wind energy projects are gaining traction, they require temporary power solutions during the installation, testing, and maintenance phases. This has led to increased adoption of rental power solutions in the renewable energy sector, thereby fuelling the Asia Pacific power rental market revenue.
The Asia Pacific region is witnessing large-scale infrastructure development, particularly in emerging economies. Governments are investing heavily in road construction, smart cities, and industrial parks, boosting demand for temporary power solutions. Moreover, industries such as healthcare, IT, and telecommunications require a stable power supply to function efficiently. The increasing need for power backup solutions in these sectors is favourably shaping the Asia Pacific power rental market dynamics.
Environmental concerns have led to a rising demand for eco-friendly power rental solutions. Hybrid and gas-powered generators are increasingly being adopted to reduce carbon footprints and comply with stringent regulations. Moreover, innovations such as remote monitoring, predictive maintenance, and IoT integration are improving the efficiency and reliability of power rental equipment, encouraging higher adoption across industries. This is one of the key Asia Pacific power rental market trends.
The region’s mining and oil and gas industries heavily rely on rental power solutions to operate in remote and off-grid locations. The continuous exploration and extraction activities are propelling the demand for temporary power solutions. Besides, the Asia Pacific is prone to extreme weather conditions, including typhoons, floods, and earthquakes, which cause disruptions in power supply. This drives the demand for emergency power rental solutions across the region. This is creating a favourable Asia Pacific power rental market outlook.
Large-scale events such as concerts, exhibitions, and sports tournaments require temporary power solutions. The growing event management sector in Asia Pacific is contributing to market expansion. Companies are increasingly opting for hybrid power solutions that combine traditional diesel generators with renewable energy sources such as solar and battery storage to enhance energy efficiency and cost savings.
The Asia Pacific power rental market value is poised for significant growth in the forecast period, driven by the increasing need for reliable electricity, rapid industrialisation, and advancements in power rental technologies. With the rising adoption of hybrid power solutions and growing infrastructure projects across the region, the demand for power rental services is expected to remain strong in the coming years.
Market Segmentation
The market can be divided based on fuel type, rating, application, end use, and country.
Market Breakup by Fuel Type
- Diesel
- Gas
- Alternative Fuel
- Up to 50 kW
- 51 –500 kW
- Above 500 kW
- Peak Shaving
- Standby Power
- Prime/Continuous Power
- Utilities
- Oil and Gas
- Events
- Construction
- Mining
- Manufacturing
- Data Centres
- Others
- China
- Japan
- India
- ASEAN
- Australia
- Others
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific power rental market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
155 Pages
- 1 Executive Summary
- 1.1 Market Size 224-225
- 1.2 Market Growth 225(F)-234(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Power Rental Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Power Rental Historical Market (218-224)
- 5.3 Global Power Rental Market Forecast (225-234)
- 5.4 Global Power Rental Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Asia Pacific Power Rental Market Overview
- 6.1 Key Industry Highlights
- 6.2 Asia Pacific Power Rental Historical Market (218-224)
- 6.3 Asia Pacific Power Rental Market Forecast (225-234)
- 7 Asia Pacific Power Rental Market by Fuel Type
- 7.1 Diesel
- 7.1.1 Historical Trend (218-224)
- 7.1.2 Forecast Trend (225-234)
- 7.2 Gas
- 7.2.1 Historical Trend (218-224)
- 7.2.2 Forecast Trend (225-234)
- 7.3 Alternative Fuel
- 7.3.1 Historical Trend (218-224)
- 7.3.2 Forecast Trend (225-234)
- 8 Asia Pacific Power Rental Market by Rating
- 8.1 Up to 5 kW
- 8.1.1 Historical Trend (218-224)
- 8.1.2 Forecast Trend (225-234)
- 8.2 51 –5 kW
- 8.2.1 Historical Trend (218-224)
- 8.2.2 Forecast Trend (225-234)
- 8.3 Above 5 kW
- 8.3.1 Historical Trend (218-224)
- 8.3.2 Forecast Trend (225-234)
- 9 Asia Pacific Power Rental Market by Application
- 9.1 Peak Shaving
- 9.1.1 Historical Trend (218-224)
- 9.1.2 Forecast Trend (225-234)
- 9.2 Standby Power
- 9.2.1 Historical Trend (218-224)
- 9.2.2 Forecast Trend (225-234)
- 9.3 Prime/Continuous Power
- 9.3.1 Historical Trend (218-224)
- 9.3.2 Forecast Trend (225-234)
- 1 Asia Pacific Power Rental Market by End Use
- 1.1 Utilities
- 1.1.1 Historical Trend (218-2024)
- 1.1.2 Forecast Trend (225-2034)
- 1.2 Oil and Gas
- 1.2.1 Historical Trend (218-2024)
- 1.2.2 Forecast Trend (225-2034)
- 1.3 Events
- 1.3.1 Historical Trend (218-2024)
- 1.3.2 Forecast Trend (225-2034)
- 1.4 Construction
- 1.4.1 Historical Trend (218-2024)
- 1.4.2 Forecast Trend (225-2034)
- 1.5 Mining
- 1.5.1 Historical Trend (218-2024)
- 1.5.2 Forecast Trend (225-2034)
- 1.6 Manufacturing
- 1.6.1 Historical Trend (218-2024)
- 1.6.2 Forecast Trend (225-2034)
- 1.7 Data Centres
- 1.7.1 Historical Trend (218-2024)
- 1.7.2 Forecast Trend (225-2034)
- 1.8 Others
- 11 Asia Pacific Power Rental Market by Country
- 11.1 China
- 11.1.1 Historical Trend (218-224)
- 11.1.2 Forecast Trend (225-234)
- 11.2 Japan
- 11.2.1 Historical Trend (218-224)
- 11.2.2 Forecast Trend (225-234)
- 11.3 India
- 11.3.1 Historical Trend (218-224)
- 11.3.2 Forecast Trend (225-234)
- 11.4 ASEAN
- 11.4.1 Historical Trend (218-224)
- 11.4.2 Forecast Trend (225-234)
- 11.5 Australia
- 11.5.1 Historical Trend (218-224)
- 11.5.2 Forecast Trend (225-234)
- 11.6 Others
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators of Demand
- 12.4 Key Indicators of Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Atlas Copco AB
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Caterpillar Inc.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Cummins Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Generac Holdings Inc.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Johnson Controls International Plc
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Aggreko Ltd.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Nishio Group (United Power & Resources Pte. Ltd.)
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Fuji Technical Services Pvt Ltd.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Modern Energy Rental Pvt. Ltd.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.1 Perennial Technologies
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.11 Others
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