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 is estimated to depict 4.9% CAGR between 2024 and 2032. The rapid industrialization and urbanization are propelling the demand for temporary power solutions in the region. Increasing occurrences of natural disasters and infrastructure development projects are driving the need for reliable backup power sources.

Significant breakthrough in technologies of rental equipment is offering improved efficiency and reducing environmental impacts. In September 2023, Aggreko announced the acquisition of a fleet of Uninterruptible Power Supply systems to complement its reliable temporary power generators for enhancing the power supply reliability during events. Such acquisitions and mergers between companies are positively influencing the industry outlook.

The Asia Pacific power rental market is categorized into power rating, fuel, end use, application, and country.

Based on fuel, the diesel segment is anticipated to depict significant growth between 2024 and 2032. With its high reliability and fuel efficiency, diesel isa suitable option for a wide range of applications. The robustness of diesel engines also ensures consistent performance in diverse environments. The availability of diesel fuel and the established infrastructure for diesel distribution will further support the uptake of diesel-powered rental generators in the region.

APAC power rental industry from the offshore end-use segment will grow at notable rate between 2024 to 2032, due to increasing offshore activities, including oil & gas exploration and wind farm installations. Offshore operations require reliable and mobile power solutions to support various equipment and machinery. Power rental services offer flexibility and cost-effectiveness in meeting the dynamic power demands of offshore projects. The rollout of stringent safety regulations and environmental considerations are also driving the adoption of temporary power solutions in offshore applications.

Malaysia power rental industry is projected to showcase strong growth from 2024 to 2032, led by the increasing industrialization and infrastructure development projects. Frequent occurrences of power outages and the rising need for reliable backup power solutions are boosting the product deployment in the region. The availability of flexible rental options is increasing the appeal of power rental solutions. The growing awareness of the benefits of outsourcing power needs and the rise of events and festivals are also positively influencing the regional market growth.