The Asia Pacific Power Rental Market is projected to reach USD 2.94 billion in 2025 and USD 4.14 billion by 2030, at a CAGR of 7.1% during the forecast period. The regional market thrives due to the adaptability, reliability, and ability of power rental services to address diverse energy needs across various sectors. The implementation of large infrastructure projects, especially in India and China, aging grids, power outages, and urbanization increase the focus on grid stability, contributing to the regional market growth.
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Generators segment is expected to hold the largest share of the Asia Pacific power rental market in 2030.
The generators segment is likely to capture the largest share of the Asia Pacific power rental market in 2030. The market is driven by rapid infrastructure development, industrial expansion, and frequent power supply gaps across the region. India, China, and Southeast Asian countries are heavily dependent on rental generators to support the construction sites, mining operations, manufacturing, and large events. Furthermore, the rapid urbanization and exposure to extreme weather events strengthen the demand for reliable backup power. The quick deployment and scalability of rental generators make them a preferred choice for planned and emergency power needs across the region.
Peak shaving segment is anticipated to exhibit the highest CAGR between 2025 and 2030.
Peak shaving is expected to be the fastest-growing segment in the Asia Pacific power rental market during the forecast period. It helps businesses and utilities manage peak load demand more efficiently, avoid costly peak demand charges, and improve grid stability. The increasing frequency and intensity of peak demand events caused by population growth, urbanization, and industrial expansion are further driving the Asia Pacific power rental market for the peak shaving segment.
China is likely to be the largest hub in the Asia Pacific power rental market during the forecast period.
China is projected to dominate the Asia Pacific power rental market during the forecast period, driven by rapid industrial expansion, large-scale infrastructure projects, and ongoing urbanization. The rising power consumption from factories, construction sites, and data centers is putting stress on the power grid, making temporary power sources increasingly valuable. Periodic grid maintenance, the integration of renewable energy systems, and the need to ensure uninterrupted power supply for hospitals, telecom networks, and other critical sectors also augment the demand for power rental equipment. Moreover, the country’s continuous emphasis on sustainability is encouraging industries to choose cleaner options such as hybrid and gas-based rental power systems. All these factors reinforce its position as a major hub shaping the future of the Asia Pacific power rental market.
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The Asia Pacific Power Rental Market is dominated by major players that have a wide regional presence. The report profiles key players, such as Aggreko (UK), Caterpillar (US), Cummins (US), and Atlas Copco (Sweden).
Aggreko
Aggreko provides power generators and temperature control solutions for rent. The company offers a range of products and services, including power generation, cooling rental & solutions, dehumidification, load bank rental, energy storage, new generators, power plants, and hybrid power plants. It caters to the needs of various industries, including utilities, oil & gas, events, construction, mining, manufacturing, IT, and data centres, and others. Aggreko operates through two business units: Power Solutions and Rental Solutions. The Power Solutions segment serves utility and industrial customers, while its sub-segment, Industrial Power Solutions, caters to various industries, including oil & gas, petrochemicals & refining, and mining. It provides power rental solutions under its Rental Solutions business segment. The Rental Solutions segment offers solutions and equipment to customers, as well as contractual turnkey solutions that include service and maintenance.
Caterpillar
Caterpillar is a leading manufacturer of construction and mining equipment, diesel and alternative fuel engines, turbine engines, and heavy equipment locos, as well as offering service and maintenance during the entire lifespan of each machine manufactured. It operates through four main segments (Construction Industries, Resource Industries, Energy & Transportation, and the financial products segment), all of which have a strong commitment to meeting customers’ needs. Caterpillar also offers its construction products sector rental services. The company provides rental equipment services from the Energy & Transportation segment.