Temporary Power Global Market Is Thriving At ~ 10% of CAGR By 2023

Market Research Future published a Half Cooked research “Global Temporary Power Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Global Temporary Power Market Information Report by Fuel Type (Diesel, Gas, Others) By Generator Rating(Less Than 80 Kw, 81-280 Kw, More Than 280 Kw) By End-Use (Events, Construction, Mining, Others) and By Region – Global Forecast To 2023

Temporary power is an independent source of electric power, which supports the industrial sector and othe sectors with the power supply in situations such as blackouts and power outage. Temporary power supply allows builders and trades to work when there is no permanent connection to the site. Temporary Power supplier companies offer a comprehensive line of temporary power products for the commercial, industrial and entertainment market segments. From portable outlet boxes and power distribution boxes to single pole cam-type connectors and stage pin devices, in a nutshell, these companies are having all that  we  need to deliver the power required, when and wherever needed.                                                                                                                                                                                   

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Temporary Power supplier companies have been designing and installing temporary power systems for the construction industry since almost three decades. Whether residential homes, commercial developments or civil engineering projects, the power experts and crews have the experience, resources and equipment to provide with the temporary power system needed and provide services like installation of power poles, hanging over to name a few.

Temporary Power market is growing enormously owing to the lack of electricity supply, rise in construction and infrastructural activities, and increase in number of planned events, triggering an increasing demand for energy. According to a recent study report published by the Market Research Future, The global market of Temporary Power has been increasing. The market is expected to grow at a rapid pace during the forecast period (2016 – 2023).  The Temporary Power Market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking ~ 10% of CAGR during the anticipated period (2016 – 2023). 

The growth of the temporary power market is expected to be driven the rapid expansion of the construction and infrastructural activities along with the lack of electricity supply to back up those infrastructural expansions. The increase in the number of planned events worldwide is fueling the demand for temporary power systems, thereby triggering the growth of the market. The lack of permanent power in developing nations to fulfil the needs of the increasing population and the increase in urbanization is also providing impetus to the growth of the market. The rapid automation of industrial activities is also leading to an immense need of continuous power backup, thus adding to the growth of the temporary power market.

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Temporary Power Global Market   – Key Players

Well established market of Temporary Power appears to be fiercely competitive owing to the presence of several large and small players with the regional and international reorganization; operating in the market. The market is expected to witness an intensified competition further.  

The key players of 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.) 

Temporary Power Global Market   – Segmentation

The Temporary PowerMarket can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Fuel Types                   : Comprises Diesel, Gas, and others.

Segmentation By Generator Rating        : Comprises Events, Construction, Mining, and others.

Segmentation By End-Use                                   : Comprises Events, Construction, Mining, and others.

Segmentation By Regions                                    : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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Temporary Power Global Market   – Synopsis

There are many methods to choose from when selecting temporary power distribution for a construction site. It’s really not that dissimilar from the installation of regular power systems or permanent power systems. The only difference is that one is removable and the other is not. Temporary facility distribution for construction sites has been a popular topic for research in construction. Different techniques, like genetic algorithm, ant colony optimization techniques have been used for site lay out planning. Temporary power distribution, which is an important element of all construction sites, needs to be optimally located without interrupting the work flow in the construction site. Moreover, the arrangements to distribute power to the electrical appliance used in the site should be given utmost care as electrocution is one of the major fatalities encountered in the construction sites. Although the code gives a detailed standards and specifications for the electrical contractors to comply, it is only with the due diligence of the contractor working on the site that a safe site can be maintained. However, hazard associated with distribution of electricity to these power outlets cannot be overlooked given the fatalities linked to the improper design, installation and use of temporary power at construction sites.

The Temporary power market is expected to grow with the CAGR of approximately 10% from 2016 to 2023.

Temporary Power Global Market   – Regional Analysis 

North America region is projected to dominate the global temporary power market owing to the aging power transmission and distribution systems, which leads to frequent power outages and power cuts. The recovery of construction activities in the region is also expected to drive the growth of the market in the region. In Asia-Pacific region, many underdeveloped regions do not have proper access to electricity, thereby driving the growth of the market.in the region. Several countries in the African and Asia-Pacific regions still do not have 100% access to electricity. These factors are expected to fuel the demand in the temporary power market. 

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