Market Highlights
The growth of the temporary power
market is majorly driven by the shortage of electricity faced by the developing
economies due to lack of permanent power capacity. Failure of predicting the
future electricity demand and the inability to finance major power projects by
both private and government entities has led to the growth of market for
temporary power solutions. Factors such as limited electricity access in all
regions across the globe and the rise in global construction and
infrastructural activities are driving the global market for temporary power
solutions. However, the growth of this market can be restrained by
payment issues for availing electricity and power in underdeveloped &
developing nations.
Industry
Segmentation
The Temporary
Power Market Analysis 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.
Regional
Outlook
North America is expected to be
the largest market for temporary power. U.S is expected to contribute the
maximum to the growth of the region. Frequent power outrages are caused
in the region due to the aging transmission and distribution infrastructure,
thereby driving the demand of temporary power systems in the region. The
advancements in the construction industry in the region are also driving the
growth of the market. The Asia-Pacific region is also expected to grow due to
rapid industrialization and the undertaking of various government initiatives
such as Make in India, which require constant power supply. All these factors
increase the demand of temporary power systems, thereby leading to the growth
of the market.
Leading
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.
Scope of
the Report
This study provides an overview
of the global temporary power market, tracking three market segments across
four geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report
also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the global
temporary power market by its fuel type, generator rating, end-use and region.
Read More:
https://uberant.com/article/749221-busbar-trunking-system-market-analysis-and-industry-outlook-2023/
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