Market Research Future (MRFR) in its recently published study report asserts that the global temporary power market is expected to create a significant revenue pocket by 2023, registering approximately 10% CAGR between 2016-2023. Temporary power refers to an independent source of electric power, supporting the industrial and commercial sectors with the power supply in situations such as power cut, blackouts, and power outage. Temporary power supply unit allows builders and trades to work where there is no permanent power connection. Temporary Power supplier companies offer a comprehensive range of temporary power products for the commercial, industrial and entertainment market segments.
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Also, the upcoming planned events worldwide, are expected to foster the market growth, fueling the demand for temporary power systems. The lack of permanent power supply facilities in some of the regions especially in the developing nations is providing impetus to the market growth, fulfilling the needs of the increasing population and urbanization. Simultaneously, the rapid automation of industrial activities is leading to the huge demand for reliable power backup, further adding to the growth of the temporary power market. Market trends indicate that industrial infrastructure is due for replacement if production levels and operational efficiency have to be maintained.
Competitive Analysis
The well-established, temporary power market appears to be fiercely competitive due to the presence of several large, small and new entrants operating in the market. The market is estimated to witness an intensified competition further.
Companies Covered
The global temporary power market players profiled in the report includes Aggreko Ltd. (UK), Atlas Copco (Sweden), Caterpillar Inc. (US), Cummins inc. (US), Kohler Co., Inc. (US), APR Energy PLC. (US), Atco Power Ltd. (Canada), Temp-Power, Inc. (US), Ashtead Group PLC. (UK), Speedy Hire PLC. (UK), United Rentals, Inc. (US), Hertz Equipment Rental Corporation (US), Smart Energy Solutions (New Zealand), Rental Solutions & Services LLC. (UAE), Trinity Power Rentals (Canada), and Diamond Environmental Services, LLC. (US).
Intended Audience
The intended audience of global temporary power market are generator suppliers/distributors/manufacturers, generator rental companies, energy & power utilities, manufacturing & processing industries, power generation companies, environment research institutions, energy & power associations, and government & research organization.
Global Temporary Power Market – Segmentation
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Fuel Types: Comprises Diesel, and Gas among others.
By Generator Ratings: Less than 80 kW, 81-280 kW, and More than 280 kW.
By End-Uses: Events, Construction, and Mining, among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
Temporary Power Regional Market Analysis
The market in the Asia Pacific region is emerging as another lucrative market for temporary power due to the unavailability of proper access to the electricity mainly in the underdeveloped regions. Several countries in the APAC region still do not have 100% access to the electricity. These factors are estimated to augment the demand in the temporary power market during the forecast period.
The North American region is expected to retain its dominance over the global temporary power market attributing to the aging power transmission and distribution systems, leading to frequent power outages. Also, the upsurge in the construction activities in the region is expected to drive the market growth.
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