Temporary Power Market Opportunities, Share, Trends, Revenue & Forecast 2023 by Aggreko PLC, Ashtead Group Plc, Caterpillar, Hertz Corporation, Speedy Hire, Smart Energy Solutions, Power Electrics, United Rentals, Cummins

The temporary power market is expected to grow with the CAGR of approximately 10% from 2016 to 2023. The Temporary Power market is growing enormously owing to the lack of reliable electricity supply, rise in construction and infrastructural activities, and an increase in the number of planned events, triggering an increasing demand for energy supply.
The Increasing construction and infrastructural activities along with the lack of electricity supply to back up those infrastructural expansions are expected to drive the market growth to an extent.

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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.

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.

Key Players

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.) and Kohler (U.S.) among others.

Industry News

August 28, 2018 – Larson Electronics LLC (US), a global leader of industrial lighting launched a portable power distribution substation that provides operators with the flexibility to utilize 480V AC three-phase power current to energies 208Y/120V AC three-phase equipment on a single system.
The new 100-amp 75KVA power distribution panel contains three 100-amp time delay fuses, and twelve 50-amp 2-pole 250V breakers on the secondary side, protecting twelve 50-amp 250V CS8269 receptacles. The unit is ideal for indoor and outdoor use in plant turnarounds, shipyards, and other temporary industrial applications.

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-User: Events, Construction, and Mining, among others.

By Regions: North America, Europe, APAC and the Rest-of-the-World.

Global Temporary Power Market - Regional Analysis

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.

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.

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List of Tables

Table 1 Global Temporary Power Market, By Fuel Type
Table 2 Global Temporary Power Market, By Generator Rating
Table 3 Global Temporary Power Market, By End Use
Table 4 Global Temporary Power Market, By Regions
Table 5 North America Temporary Power Market, By Fuel Type
Table 6 North America Temporary Power Market, By Generator Rating
Table 7 North America Temporary Power Market, By End Use
Table 8 U.S. Temporary Power Market, By Fuel Type
Table 9 U.S. Temporary Power Market, By Generator Rating
Table 10 U.S. Temporary Power Market, By End Use
Table 11 Canada Temporary Power Market, By Fuel Type
Table 12 Canada Temporary Power Market, By Generator Rating
Continued…..

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