Temporary
Power Market - Overview
One of the key drivers for the growth of
temporary power market is the rising demand for energy due to growing
infrastructural and construction activities, surge in the number of planned
events, accompanied with the scarcity of electricity. Poor grid infrastructure
is leading to regular blackouts, which gives rise to the need for rental power.
Developing countries have a huge demand for energy. Due to the existing grid
infrastructure, which is not satisfying the increasing power demand blackouts
and power outages have been frequent and boost the demand for the temporary
power. The blackouts prove very expensive for the industries in terms of loss
of production. Generators (temporary
power systems) come to the rescue as they supply the power to the industrial,
residential and commercial sectors, in cases of power cut. The growing number
of events such as sports and other big events are also driving the temporary
power market.
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Industry
Segmentation
The report has been analyzed based on the
fuel type, generator rating, end-use and region. Among all end-users, the oil
and gas industry is expected to grow rapidly. The rapid industrialization and
the increase in demand for incessant power supply by various industries are
expected to drive the growth of the temporary power market over the forecast
period. The increase in the number of
planned events such as media & entertainment and sports activities, which
requires continuous electricity backup, is further expected to drive the growth
of the market.
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Among all fuel types used for temporary
power systems, Diesel accounts for a large share. The demand for energy from
developing nations is rapidly increasing as the existing grid infrastructure,
is resulting in frequent power outages and blackouts. In the industrial and the
commercial sector, the power outages can be extremely costly as they might lead
to loss in production. Diesel generators are gaining traction as they supply
power to industries, commercial and residential sectors during power cuts and
prevent any discontinuity in operations.
Prominent
Players
The key players of global temporary power
market are Aggreko PLC (U.K.), Ashtead Group Plc. (U.K.), Caterpillar Inc.
(U.S.), Hertz Corporation (U.S.), Speedy Hire (U.S.), Smart Energy Solutions
(UAE), Power Electrics (U.K.), United Rentals (U.S.), Cummins Inc. (U.S.),
Rental Solutions and Services (UAE), APR Energy Inc. (U.S.), Kohler (U.S.) and
others.
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