Home > Energy & Power > Electrical Equipment > Power Rental > Asia Pacific Power Rental Market
Asia Pacific Power Rental Market Analysis
- Report ID: GMI8881
- Published Date: Apr 2024
- Report Format: PDF
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.
Frequently Asked Questions (FAQ) :
Asia Pacific Power Rental Market Scope
