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KUALA LUMPUR: Demand for power generator rentals in Malaysia is expected to grow strongly in the coming years, driven by infrastructure development, telecommunications projects and rising investment in data centres.

Industry data cited by LEAP Market-listed TP TEC Holding Bhd showed the power generator rental segment of the light machinery and equipment market grew 51.2 per cent from about RM300 million in 2020 to RM453.6 million in 2023.

The segment is projected to reach around RM680 million by 2026, representing a compound annual growth rate of about 14.4 per cent, the company said in its audited financial statements filed with Bursa Malaysia today.

TP TEC, which rents power generators and light machinery to telecommunications and construction companies, reported revenue of RM57.55 million for the financial year ended Dec 31, 2025 (FY25), up 54.5 per cent from RM37.24 million a year earlier.

Nearly 90 per cent of the group's revenue was derived from its generator rental segment, with filtration products and generator trading contributing about 7.5 per cent and 2.9 per cent respectively.

Net profit for the period nearly doubled to RM6.71 million from RM3.63 million, driven by higher revenue and lower operating and administrative expenses.

WRITTEN BY NEW STRAITS TIMES