San Antonio, Texas -- A new analysis by Verify Markets on the Australia & New Zealand Power Rental Market shows the market was valued at $570.1 million USD in 2023 and is expected to grow at a compound annual growth rate (CAGR) of over 3.5 percent from 2023 to 2030. Key market drivers in this market include unreliable power grid, lack of investment in power infrastructure, increasing demand from construction, a growing entertainment industry, weather events, increasing electrification, and integration of intermittent sources of electricity. Moreover, during the forecast period, the growth in hydrogen production and expansion of data centers are expected to create new opportunities for power rental companies in the region. The key challenges include high competition, economic slowdown, skilled personnel shortages, and logistics and freight issues.
Telematics, decarbonization, hybrid generator sets, and the gradual adoption of battery energy storage systems constitute key trends in the industry. Currently, around 88.6 percent of rental generators in the Australia & New Zealand operate on diesel. However, the market is transitioning towards more energy-efficient and environmentally-friendly technologies to meet emission standards at end user levels.
The mining industry is one of the largest users of power rental services in Australia and New Zealand, followed by construction. Key players in this market include Aggreko plc, Caterpillar Inc., Coates Group Holdings Pty Limited (Seven Group Holdings), and Kohler Co. (Clarke Energy), among others.
This report provides an in-depth analysis of the overall Australia & New Zealand Power Rental Market. The report captures various market dynamics such as market drivers, market restraints, major trends, competitive landscape, opportunities & strategic recommendations in addition to the following:
- Total Market Size, Growth Rate, and Revenue Forecasts (2023-2030)
- Market Share by Countries- Australia & New Zealand
- Market Share by Segment (Transactional vs Power Projects)
- Total Market Share by Company Revenues
- Market Share by End Users (Mining, Construction, Manufacturing, Oil & Gas, Utilities, and others.)
- Market Share by Fuel (Diesel vs Natural gas)
- Market share by Output (<100KW, 100-500KW, 500-1,000KW, >1,000KW)
- Market Share by Application (Prime Power, Peak Shaving, Standby, and Continuous)
A copy of the 2024 Australia & New Zealand Power Rental Market report can be purchased at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets.
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.