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Demand for Multi-megawatt Rental Power from Asia-Pacific's Petroleum, Mining, Utility Segments is Strengthening Reports Frost & Sullivan - Gas-based generators poised to become popular over the next five years - Energy.Frost.com
Demand for Multi-megawatt Rental Power from Asia-Pacific's Petroleum, Mining, Utility Segments is Strengthening Reports Frost & Sullivan

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2013/09/03 - Gas-based generators poised to become popular over the next five years - Energy.Frost.com.

   
 
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The Asia-Pacific rental power solutions market is shifting from small-scale rental power to providing multi-megawatt, large-power-plant-based solutions for oil-and-gas, construction, mining and utility projects in the region. Gas engines in particular will gain acceptance over the next five to seven years, especially in Indonesia, Malaysia and Australia which have large gas reservoirs.

New analysis from Frost & Sullivan (energy.frost.com), Asia-Pacific Rental Power Market, finds that the industry earned revenues of more than US$964.1 million in 2012 and estimates this to reach US$2,257.4 million in 2017. The end-user segments covered in this research include manufacturing, marine and petroleum, mining, service industry, utility, and events and entertainment.

Favorable government policies and a positive economic outlook have led several end users to widen the scale of business, thereby escalating their power needs and boosting demand for rental power solutions in Asia-Pacific.

"In fact, the region is facing a huge supply-demand gap in electricity, and energy-intensive industrial as well as commercial establishments depend on rental power to meet their supplemental energy requirements and continue operation without interruption," said Frost & Sullivan Energy and Environmental Senior Research Analyst Amit Kumar Singh. "Countries such as Indonesia, Vietnam and the Philippines, where utility power supply remains insufficient, offer immense potential for rental power providers."

Despite such scope, the highly commoditized nature of the Asia-Pacific market dampens growth. Establishing the rental fleet, building distribution infrastructure, and servicing equipment require huge initial expenditure which several rental companies are unable to afford, thereby curbing revenues in the region's market.

Intense competition from small rental companies has decreased rental rates, further shrinking power vendors' profit margins. Private sector investments in the utility sector also reduce the need for rental power in Asia-Pacific.

"To stay profitable, rental power companies must focus on medium- and large-scale rental power solutions, and customize their fleet to cater to high-growth sectors," noted Singh. "Emphasis on industry-specific contracts and ensuring consistent delivery lead times will enable them to create a niche and be competitive."

If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Asia-Pacific Rental Power Market is part of the Energy & Power Growth Partnership Service program. Frost & Sullivan's related research services include: North American Generator Set Rental Market and Asia-Pacific Portable Power Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Asia-Pacific Rental Power Market / P6E6-14

Contact:
Melissa Tan - Corporate Communications Asia Pacific
P: +65 6890 0926 / F: +65 6890 0988 - E: melissa.tan[.]frost.com.

 
 
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Demand for Multi-megawatt Rental Power from Asia-Pacific's Petroleum, Mining, Utility Segments is Strengthening Reports Frost & Sullivan

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Multi-megawatt Power | Frost & Sullivan
Publisher Contact: Donna Jeremiah / Carrie Low 
+61(2) 8247 8927 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
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