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. Temporary power market is expected to grow over the CAGR of around 10 % during the period 2016 to 2023
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.)
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Market Research Analysis
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.
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.
By Fuel Type
By Generator rating
- Less than 80 kW
- 81-280 kW
- More than 280 kW
- North America
- Asia Pacific
- Rest of the World
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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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