Manufacturing, mining and oil-and-gas construction are driving strong demand growth for multi-megawatt, large-power-plant-based solutions in Asia-Pacific.
In 2012, the rental power industry earned nearly $1 billion in revenues in the region. By 2017, this figure is forecast to reach $2.26 billion, according to a report by energy analysts at Frost & Sullivan and electricity demand is projected to rise in the region by an estimated 4.8% annually over the next two decades.
As it does, utilities in Indonesia, Vietnam and the Philippines are unlikely to satisfy the surge in power demand from large-scale end users.
“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 Amit Kumar Singh, a senior energy research analyst at Frost & Sullivan.
Natural gas reciprocating engines are especially well positioned to take advantage of the surge in demand in gas-rich nations like Indonesia, Malaysia and Australia.
If this forecast comes to fruition, it could mean major growth for firms like Aggreko, the distributed power pioneer based in Edinburgh, Scotland, which has already established a distribution and servicing network in Asia.