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.
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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.
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.
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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.
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