Market Forecast By Types (Diesel Genset Rental, Gas Genset Rental), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA, Above 1000 KVA), Gas Genset (Below 100 KVA, 100.1-375 KVA, 375.1-1000 KVA, Above 1000 KVA)), By Applications (Standby Genset Rental, Prime/ Continuous Genset Rental), By Prime Applications (Peak Load, Base Load), By Verticals (Utilities, Oil & Gas, Construction, Manufacturing, Quarrying & Mining, Commercial, Others (Agriculture, Municipal Work, And Events)) And Competitive Landscape
Product Code: ETC160014 | Publication Date: Jan 2025 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 4 | |
Report Name | Cambodia Genset Rental Market |
CAGR | 5.7% |
Growing Sector | Construction |
Forecast Period | 2025-2031 |
The Cambodia Genset Rental Market report thoroughly covers the market by Type, by KVA rating, by application, by verticals and by prime application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Cambodia genset rental market has been experiencing significant growth, driven by increasing demand across various sectors for reliable and flexible power solutions. Key industries contributing to this demand include construction, mining, and events, where power needs are temporary or unpredictable. Genset rentals provide an ideal solution, offering businesses the ability to access power without substantial capital investment in permanent installations. The market is characterized by a range of service providers who offer diverse genset capacities and are capable of meeting different customer requirements. With ongoing infrastructure development and an expanding industrial base in Cambodia, the genset rental market is poised for sustained growth in the upcoming years.
According to 6Wresearch, Cambodia Genset Rental Market size is projected to witness a CAGR of 5.7% during the forecast period of 2025-2031. Rapid urbanization and infrastructure development have surged the demand for reliable power sources, as ongoing construction projects often require temporary electricity solutions. Additionally, the expansion of industries and the increasing number of commercial establishments are contributing to the need for backup power systems, further propelling the rental market.
the fluctuating cost of fuel, which directly impacts operational expenses and rental pricing. Moreover, the market faces competition from alternative energy sources, such as solar and wind power, which are gaining traction as more sustainable and eco-friendly solutions. Despite these challenges, the industry continues to explore innovative technologies and efficient service models to enhance market presence and customer satisfaction.
The Cambodia genset rental market is burgeoning, driven by increasing demand for reliable power solutions in various sectors, including construction, manufacturing, and events. Leading players in this market have established themselves through a strong distribution network, diverse product offerings, and exceptional customer service. Companies such as Aggreko, Caterpillar, and Cummins have made significant inroads by providing tailored rental solutions that meet the specific needs of Cambodian businesses. These industry leaders continuously innovate to offer gensets that are not only efficient but also environmentally friendly, helping clients maintain operations without significant interruptions. Their commitment to quality and reliability has solidified their positions as frontrunners in the Cambodian genset rental landscape.
The Cambodian government has been actively taking initiatives to bolster the country's genset rental market. This stems from a broader strategy to enhance the national infrastructure and address the country’s energy shortfalls. The introduction of favorable policies and incentives aimed at encouraging investment in power generation and distribution is a testament to this commitment. Additionally, governmental support in the form of streamlined permit processes for genset operators is making it easier for businesses to meet the rising demand for reliable power solutions. These initiatives not only help to stabilize Cambodia’s energy supply but also foster economic growth by supporting industries that depend heavily on consistent electricity supply.
The Cambodia genset rental market is poised for dynamic growth as the country continues to develop its infrastructure and industrial capabilities. A notable factor driving this expansion is the increasing demand for reliable and uninterrupted power supply in various sectors, including construction, events, and manufacturing. As Cambodia aims to enhance its energy infrastructure, genset rentals offer a flexible and cost-effective solution for businesses requiring temporary power solutions. Furthermore, the push towards sustainable energy and efficient technologies is likely to result in more environmentally friendly genset options, aligning with global energy trends.
According to Ravi Bhandari, Research Head, 6Wresearch, the diesel genset rental market in Cambodia is witnessing substantial growth, driven by the rising demand for reliable and efficient power solutions. As businesses and industries continue to expand, the need for consistent electricity supply has become paramount, especially in regions where the grid is less reliable. Diesel gensets serve as a crucial backup, ensuring that operations remain uninterrupted during power outages. The rental model is particularly appealing to companies looking to minimize capital expenditure while still availing high-quality genset units. This trend not only supports businesses in their growth but also promotes the development of local service providers and infrastructure in the Cambodian energy sector.
In Cambodia, the genset rental market has experienced significant growth, particularly with the demand for diesel gensets above 1000 KVA. These high-capacity generators are essential for large-scale industrial and commercial operations requiring reliable and continuous power supply. The rise in infrastructure development, manufacturing, and construction activities across the country has fueled this demand. Companies in sectors such as mining, oil and gas, and events frequently rely on these robust power solutions to maintain operational efficiency and prevent costly downtime.
The genset rental market in Cambodia is experiencing a significant surge, driven by increasing demand for reliable power solutions in both urban and rural areas. Prime and continuous genset rentals have emerged as favored options for businesses needing uninterrupted power supply. These gensets cater to diverse industries such as construction, manufacturing, and events, where consistent energy is critical to operations. Prime gensets are typically used when the power supply is the main source rather than an alternative, whereas continuous gensets are designed for applications that require long-term consistent power output.
The base load in Cambodia's genset rental market is a crucial factor influencing the demand for reliable and efficient power generation solutions. As the country continues to experience rapid economic growth and urbanization, the need for a stable power supply has increased significantly. Base load power, which refers to the minimum level of demand on an electrical grid over a span of time, is essential for industries, construction projects, and other sectors that require continuous electricity supply. Genset rentals provide a flexible and quick solution to meet the base load demands, ensuring businesses and infrastructure projects can operate smoothly without disruptions. This growing demand for rental gensets is driven by their ability to provide reliable energy solutions in areas where the national grid may be insufficient or unreliable.
Quarrying and mining are integral sectors in Cambodia, contributing significantly to the country's economic growth. These industries require a reliable power supply to ensure continuous operation, making genset rentals increasingly crucial. The demand for genset rentals in Cambodia is driven by the need for cost-effective, flexible, and reliable energy solutions, particularly in areas without stable grid access. Companies in the quarrying and mining sectors often rely on genset rentals to mitigate power disruptions and maintain productivity. As a result, the genset rental market in Cambodia continues to expand, offering advanced solutions tailored to the specific needs of these industries, including fuel-efficient and environmentally friendly options.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Cambodia Genset Rental Market Overview |
3.1 Cambodia Genset Rental Market Revenues, 2021-2031F |
3.2 Cambodia Genset Rental Market Industry Life Cycle |
3.3 Cambodia Genset Rental Market Porter’s Five Forces Model |
3.4 Cambodia Genset Rental Market Ecosystem |
3.5 Cambodia Genset Rental Market Revenue Share, By Types, 2021 & 2031F |
3.6 Cambodia Genset Rental Market Revenue Share, By Applications, 2021 & 2031F |
4. Cambodia Genset Rental Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Cambodia Genset Rental Market Trends |
6. Cambodia Genset Rental Market Overview |
6.1 Cambodia Genset Rental Market Revenues |
6.2 Cambodia Genset Rental Market Revenue Share and Revenues, By Types |
6.3 Cambodia Genset Rental Market Revenue Share and Revenues, By Applications |
7. Cambodia Genset Rental Market Opportunity Assessment |
7.1 Cambodia Genset Rental Market Opportunity Assessment, 2031F |
8. Cambodia Genset Rental Market Competitive Landscape |
8.1 Cambodia Genset Rental Market Revenue Share, By Company, 2021 |
8.2 Cambodia Genset Rental Market Competitive Benchmarking, 2021 |
8.3 Cambodia Genset Rental Market Competitive Benchmarking, on Technical Parameters, 2021 |
9. Company Profiles |
9.1 Aggreko PLC |
9.2 Atlas Copco |
9.3 Caterpillar Inc. |
9.4 Cummins Inc. |
9.5 Aksa Power Generation |
9.6 Teksan |
9.7 APR Energy |
9.8 Himoinsa S.L. |
9.9 United Rentals Inc. |
9.10 AGCO Corporation |
10. Key Strategic Recommendations |
11. Disclaimer |
Market Forecast By Types (Diesel Genset Rental, Gas Genset Rental), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA, Above 1000 KVA), Gas Genset (Below 100 KVA, 100.1-375 KVA, 375.1-1000 KVA, Above 1000 KVA)), By Applications (Standby Genset Rental, Prime/ Continuous Genset Rental), By Prime Applications (Peak Load, Base Load), By Verticals (Utilities, Oil & Gas, Construction, Manufacturing, Quarrying & Mining, Commercial, Others (Agriculture, Municipal Work, And Events)) And Competitive Landscape
Product Code: ETC160014 | Publication Date: Feb 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 4 |
Cambodia Genset Rental Market report comprehensively covers the market by Types, KVA ratings, Applications, Prime Applications, and Verticals. The Cambodia Genset Rental market outlook report provides an unbiased and detailed analysis of the Cambodia Genset Rental market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Progress in the economic outlook of Cambodia has increased growth opportunities in the commercial and industrial sectors of the country. The energy infrastructure of the country, however, still lacks behind. As a result, the demand for rental gensets in the country has increased in the past few years. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.
According to 6Wresearch, Cambodia Genset Rental Market size is expected to grow at a CAGR of 9.6% during 2020-2026. The Genset rental market revenues are expected to recover in the coming year on account of relaxation in lockdown measures. The rising number of industrial hubs, increasing FDI to boost infrastructure development in the country along with government plans to increase power generation capacity would augment the demand for rental gensets, thus the market revenues are anticipated to grow at a substantial rate during the forecast period.
Lack of infrastructure for gas Genset and high cost of natural gas in comparison to diesel are the primary reasons for diesel gensets to acquire a dominant position in Cambodia Genset rental market revenues. Easy availability & storage of diesel along with ease of use of diesel gensets are the factors that would drive the diesel gen-sets rental market over the coming years.
The report provides a detailed analysis of the following market segments:
By Applications
By Prime Applications
By Verticals