Temporary Power Market Analysis with Focus on Opportunities, Development Strategy, Share, Size | Industry Research Report Forecast 2018 – 2023.

The prime objective of Temporary Power Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth.

Market Scenario
Temporary power is an independent source of electric power, which supports the industrial sector and other sectors with the power supply in situations such as blackouts and power outage.
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 driving 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 driving 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.

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

Key Players
• Hertz Corporation
• Speedy Hire
• Aggreko PLC
• Ashtead Group Plc
• Caterpillar Inc.
• Smart Energy Solutions
• Power Electrics
• United Rentals

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Industry News

In October, 2017 – Cummins, Inc. (NYSE: CMI) announced the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a fully integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.
In September, 2017 – Aggreko launched world’s first rental generator for use in hazardous zones. The 750 kVA unit is fully ATEX approved and has full safety features that allow it to be used in hazardous zones both on and offshore, and is believed to be a world first for generating electricity in areas at risk of explosion. Its unique ready-to-go design makes it ready for rapid deployment without the need for modification or additional set up, so saves time and cost, as well as saving space and reducing risk for personnel, the site and all allied equipment.
In May, 2017 – Caterpillar introduced its all new CAT RP12000 E portable generators in U.S. and Canada. The new generator fills out the top of the series, delivering 12kW of running power and new features to meet the specific needs of the “pro-sumer” – emergency home back-up, DIY enthusiasts and contractors.
In March, 2017 – Dubai-based Rental Solutions & Services (RSS) purchased more than 300 generator sets from UK-headquartered equipment manufacturer, JCB. The USD 11 Million (AED40.4 Million) order is the largest yet for JCB Power Products’ RS range of gensets, which are specifically designed for use within the global rental sector.
In January, 2017 – APR Energy, a global leader in fast-track power solutions, and GE (NYSE: GE) announced that they have renewed their strategic alliance to provide mobile turbine technology into the fast-track power rental market.

Temporary Power Global Market – Segmentation
The scope of global temporary power market is segmented into three major
segments which are explained below:

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

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.

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