Temporary
Power Generation Market - Overview
As per a detailed
analysis by Market Research Future (MRFR), the Temporary
Power Generation Market is predicted to register a CAGR of 12.5% during
the forecast period (2016-2023). The aging power infrastructure across the
globe is encouraging the market growth. Temporary power is referred to as an
independent source of electric power which highly supports several sectors with
power supply during scenarios like power outage and blackouts. It is an
uninterrupted, continuous, and a reliable power source which enables the
end-users to run tools and equipment over an extended period. The primary
end-users of temporary power market are utilities, events, mining, and
construction. With the help of temporary power solutions, end-users can save
the lead time along with capital expenses.
Market
Potential and Pitfalls
The temporary power
market is predicted to experience an upsurge during the review period as these
units can be commissioned and installed easily. Utilities is considered as the
primary end-user of the temporary power market as utilities use these sources
to meet the surging demand for electricity during peak hours. Due to the booming
construction activities, aging power infrastructure, and surging demand for
continuous and reliable power, the temporary power market is considered to experience
a boost. Power infrastructure in most of the developed countries have become
old which can lead to blackouts and power outages, thus disrupting the daily
operations. Temporary power solutions are thereby deployed so that a continuous
and reliable power supply is maintained. Such factors are considered to provide
tailwind to the market across the globe. The rising power failure, increased
power outages, and growing investments in the renewable sector is anticipated
to create new growth opportunities for the market across the globe. Moreover,
the rapid automation of industrial activities is considered to create high demands
for reliable power backup which is presumed to dictate the growth trajectory of
the market.
On the contrary, the
increased T&D investments across the globe coupled with the concerns
related to payment are presumed to restrict the market growth during the review
period. Hazards related to the distribution of electricity during fatalities linked
to installation, improper design, and use of temporary power at the
construction sites are estimated to slowdown the growth of the market to a
certain extent.
Temporary
Power Generation Market: Segmental Analysis
The global temporary
power generation market has been segmented on the basis of fuel type, generator
rating, and end-user.
Diesel, gas, and others
comprises the fuel type segment of temporary power market. Among these, the
diesel segment occupies the largest market share due to the surging use of
diesel in varied range of applications across industries including utilities,
mining, events, construction, and others.
By generator rating, the temporary
power market constitutes of less than 80 kW, 81-280 kW, and above 280 kW. Among
these, the above 280 kW segment is anticipated to expand at the highest CAGR
due to its extensive usage in a wide range of applications like oil & gas,
utilities, and mining sectors.
By mode of end-users, the
market is segmented in to utilities, events, oil & gas, construction,
manufacturing, mining, and others. Among these, the events segment is
anticipated to dominate the segment owing to the surging number of unplanned
events across the globe.
Regional
Frontiers
Geographically, the temporary
power generation market has been studied under regions namely, Asia Pacific,
North America, the Middle East & Africa, Europe, and South America.
Considering the global
scenario, the North American region is anticipated to command for the largest
market share owing to the surging demand for power and power generation
capacity addition plans. Canada and the US are the primary economies fueling
the growth of the market in this region owing to the aging power grid infrastructure.
natural calamities also cause frequent power outages which is likely to
contribute to the growth of the market.
The Asia Pacific region
is anticipated to expand at the fastest rate during the review period. The
region is likely to retain its position due to the surging industrialization
mainly in the Southeast Asian economies like Malaysia, Indonesia, Thailand, Philippines,
and others. The increasing demand for continuous power supply is bolstering the
market growth. The unavailability of power access to electricity especially in
the underdeveloped areas is likely to offer lucrative opportunities to the
regional market.
Competitive
Dashboard
The prominent players
operating in the global temporary power market comprises Atlas Copco (Sweden),
Aggreko Ltd. (UK), Cummins Inc. (US), Caterpillar Inc. (US), APR Energy PLC.
(US), Kohler Co., Inc. (US), Temp-Power, Inc. (US), Atco Power Ltd. (Canada),
Speedy Hire PLC. (UK), Ashtead Group PLC. (UK), Hertz Equipment Rental Corporation
(US), United Rentals, Inc. (US), Rental Solutions & Services LLC. (UAE),
Smart Energy Solutions (New Zealand), Diamond Environmental Services, LLC. (US),
and Trinity Power Rentals (Canada).
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