Press release
Temporary Power Market Projected to reach $6.40 Billion by 2021 | Key Players include Aggreko, Caterpillar, Cummins, Kohler, APR Energy, United Rentals etc.
According to the new market research report "Temporary Power Market by Generator Rating (Less than 80 kW, 81-280kW, 281-600 kW), End Use (Events, Utilities, Oil & Gas, Construction, Mining, Manufacturing, & Shipping), Fuel Type (Diesel, Gas, & Others (Duel Fuel & HFO)) - Global Forecast to 2021", published by MarketsandMarkets™, The global temporary power market is projected to grow from an estimated USD 3.86 Billion in 2016 to USD 6.40 Billion by 2021, registering a CAGR of 10.6%. Factors such as lack of electricity access, aging T&D infrastructure, and the rise in global construction and infrastructural activities are driving the global market for temporary power solutions.Don’t miss out on business opportunities in Temporary Power Market. Speak to our analyst and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=55233510
Target Audience:
• Engine/generator manufacturers, dealers, and suppliers
• Power grid infrastructure companies
• Transmission & distribution utilities
• Temporary power companies
• Consulting companies in the energy and power sector
• Governments and research organizations
• Shareholders/investors
• Power plant project developers
• Renewable energy companies
• Consulting companies from the oil & gas sector
• Investment banks
Browse and in-depth TOC on "Temporary Power Market"
115 - Tables
47 - Figures
167 - Pages
View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/temporary-power-market-55233510.html
The report segments the temporary power market on the basis of end-users into utilities, oil & gas, events, construction, mining, manufacturing, shipping, and others (military, telecom, and residential). The utilities segment recorded the largest market size in 2015. The growth can be attributed to aging power grid infrastructure in the developed economies, followed by lack of electricity supply in the developing economies of the Asia-Pacific and Africa. Poor grid infrastructure causes frequent blackouts giving rise to the need for rental power. The oil & gas industry held the second largest market share. Growing industrialization and rising demand for continuous power supply by these industries are expected to drive the temporary power market from 2016 to 2021.
North America to dominate the market for temporary powers
In this report, the temporary power market has been analyzed with respect to six regions namely, North America, Africa, Asia-Pacific, South America, Europe, and the Middle East. North America is estimated to dominate the market, owing to factors such as aging grid infrastructure and natural calamities, which causes frequent power outages. Furthermore, the construction and manufacturing industry is gradually recovering from the slowdown in 2016 and is also expected to drive the demand for rental power solutions.
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Some of the leading players in the temporary power market are Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K.), Speedy Hire (U.S.), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation(U.S.), Kohler (U.S.), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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