Power Rental Market in Southeast Asia 2016-2020
Description-
Market
overview of the power rental market in Southeast Asia
The
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.
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 segment’s 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
segment’s 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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