MarketResearchReports.Biz
is providing you Retail Market Research report of " Power
Rental Market in Southeast Asia 2016-2020 ".
Market overview of the
power rental market in Southeast Asia
Technavios market research
analyst predicts the power rental market in Southeast Asia to grow at
a steady CAGR of around 11% by 2020. Rapid economic development and
accelerated investments in various industries have increased the
power consumption in Southeast Asia. Due to poor T&D and low
power production, the utility sector is unable to meet the rising
demand for electricity. This has increased the instances of power
blackouts, which in turn drives the need for power rental in this
region.
The augmented demand for power
from the industrial sector is the key driver for the growth of this
market. The need for temporary power supply in the industrial sector
is increasing due to the supply-demand gap for electricity. Many
industries require a constant power supply to achieve optimum
operational capacity and avoid financial losses due to outages. This
shortage of electricity has forced the government to introduce
short-term initiatives like leasing additional power from different
islands and using diesel generators for additional capacity.
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Competitive landscape and
key vendors
The power rental market in
Southeast Asia is fragmented due to the presence of numerous small,
medium, and large international and regional players. In this market,
the vendors that have the capacity to offer generators with
capacities ranging from 20 kW to 2,000 kW are expected to gain a
competitive edge over their rivals.
Top vendors in this market
are -
- Aggreko
- APac
- APR
- Sewatama
- Smart Energy Solutions
The other prominent vendors in
the market include Ashtead, Atlas Copco, and Kohler.
End-user segmentation of
the power rental market in Southeast Asia
- Utilities
- Oil and gas sector
- Construction sector
- Industrial sector
In this market study, analysts
have estimated the utilities segment to account for more than 30% of
the total market share by 2020. Much of this segments growth can be
attributed to the recent increase in power consumption, which results
from the introduction of favorable government subsidies. Since this
sector lacks the lack adequate infrastructure to generate the
required power, it will witness a high adoption of power generators,
which in turn will result in this segments growth during the forecast
period.
Segmentation by product
type and analysis of the power rental market in Southeast Asia
- Diesel generators
- Gas generators
- Hybrid generators
The gas generators segment
currently accounts for approximately 16% of the total market share
and is expected to witness the fastest market growth rate during the
forecast period. Gas generators are increasing gaining popularity
among the populace as they are more efficient and produce less
harmful emissions than non-renewable fuels. Additionally, factors
like its low maintenance cost and high efficiency will foster the
adoption of gas-powered generators during the forecast period.
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Table
of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
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