Asia Pacific Power Rental Market

The Asia Pacific power rental market is projected to reach USD 4.14 billion by 2030 from an estimated USD 2.94 billion in 2025, registering a CAGR of 7.1% during the forecast period. The region is expected to be one of the fastest-growing due to an increase in construction activity, rapid industrialization, and the need for a reliable and uninterrupted source of electric power across emerging economies. The growing demand for rental power is further attributed to frequent fluctuations in electricity supply, a lack of grid connection in several areas, and the rise in the usage of renewable energy sources. Many sectors (including construction, mining, oil & gas, manufacturing, and utilities) depend on rented power equipment to assure continuity of operation and not to disrupt business. Additionally, the increasing focus on infrastructure development, disaster recovery, and data center expansion in India, China, and other Southeast Asian nations drives the market. The development of hybrid/energy-efficient rental technology will enable rental companies to provide a more sustainable, environmentally-friendly approach to meeting their customers’ power needs throughout the region.

Major companies operating in the Asia Pacific power rental market include Aggreko (UK), Caterpillar (US), Cummins (US), Atlas Copco (Sweden), Kohler Co. (US), United Rentals (US), Saini Diesel Power Service Pvt Ltd. (India), and Sudhir Power Ltd. (India). Product launches, acquisitions, and partnerships are among the key strategies adopted by market players to optimize business and market presence.

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For instance, in December 2022, United Rentals acquired Ahern Rentals. The company primarily serves customers in the construction and industrial sectors across 30 states. This strategic move aims to increase the geographical presence and capacity.

Aggreko (UK)

Aggreko provides power generators and temperature control solutions for rent. The company offers products and services, such as power generation and cooling rental & solutions, dehumidification, load bank rental, energy storage, new generators, power plants, and hybrid power plants. It caters to the needs of industries including utilities, oil & gas, events, construction, mining, manufacturing, and data centers. It operates through two business units: Power Solutions and Rental Solutions. The Power Solutions segment serves utility and industrial customers, whereas its sub-segment, Industrial Power Solutions, serves various industries, such as oil & gas, petrochemicals & refining, and mining. It provides power rental solutions under its Rental Solutions business segment. The Rental Solutions segment provides solutions and equipment for customers and contractual turnkey solutions, including service and maintenance.

Caterpillar (US)

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. The company operates through four main segments, namely Construction Industries, Resource Industries, Energy & Transportation, and Financial Products, all of which have a strong commitment to meeting customers’ needs. It also offers its construction products sector rental services. It provides rental equipment services through the Energy & Transportation segment.

Market Ranking

The Asia Pacific power rental market is highly competitive, with Aggreko (UK), Caterpillar (US), Cummins (US), Atlas Copco (Sweden), Kohler Co. (US), and United Rentals (US) dominating the market. These companies differentiate themselves by providing reliable and fuel-efficient rental solutions to serve construction, oil and gas, mining, utilities, and event management sectors. They continue to strengthen their market presence by broadening their equipment portfolio and adopting digital management technologies that improve transparency and asset utilization. United Rentals is expanding its presence through an increasingly diverse fleet that includes energy-efficient generators and hybrid light towers, aligning with customers’ sustainability goals. Aggreko advances hybrid systems for remote sites in India and China. Caterpillar, supported by its strong dealer network, offers a wide array of rental power solutions—from temporary generation systems to load testing and commissioning services—ensuring responsiveness to various customer needs. Growing reliance on temporary power, increasing demand for environmentally sustainable generators, and increasing adoption of renewable energy, such as wind and solar, drive the demand for mobile and temporary generators.

Related Reports:

Asia Pacific Power Rental Market by Equipment (Generators, Transformers, Load Banks, Other Equipment), Power Rating (Up to 50 KW, 51–500 KW, 501–2,500 KW, Above 2,500 KW), Application, Fuel Type, End User, and Country - Trends & Forecast To 2030

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