Asia Pacific Power Rental Market: Industry Outlook, Size (US$ 8.2 Billion), Share, Growth (CAGR of 6.3%), Top Companies Analysis and Research Report 2022-2027
Asia Pacific Power Rental Market Trends:
The growing lack of proper grid infrastructure and the increasing power outages are among the key factors driving the Asia Pacific power rental market. In addition to this, the rising number of infrastructure development projects and the inflating demand for continuous power supply are acting as significant growth-inducing factors. In line with this, the launch of favorable initiatives and policies by the government bodies aimed at improving the metro rail and airport network is also positively influencing the regional market. Besides this, the expanding tourism segment and the escalating construction of hotels and shopping malls in these regions are further catalyzing the market growth. Moreover, the elevating awareness about multiple functional advantages and monetary benefits of these solutions among the end users is expected to propel the Asia Pacific power rental market over the forecasted period.
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Industry Definition and Application:
Power rental services refer to temporary power equipment and solutions provided by major rental companies to several end-use customers with longer-rental duration. They can be categorized into generators, transformers, load banks, etc. Power rental solutions prove highly effective in numerous stages that range from building construction and site development activities to power plant pre-commissioning. They even include safety devices that perform effective and efficient fuel management. Power rental procedures are highly beneficial as they require low installation costs and zero maintenance and facilitate uninterrupted and reliable power supply. As a result, these services find extensive applications across various sectors in the Asia-Pacific region, such as utilities, oil and gas, construction, mining, data centers, etc.
Key Market Segmentation:
The report has segmented the Asia Pacific power rental market based on fuel type, equipment type, power rating, application, end use industry and country.
Breakup by Fuel Type:
• Natural Gas
Breakup by Equipment Type:
• Load Bank
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:
• Oil & Gas
• Data Centers
Breakup by Country:
• South Korea
Competitive Landscape With Key Players:
The competitive landscape of the Asia Pacific power rental market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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