Press release
Temporary power Market Growth Powered With Latest Development Scenario and Influencing Trends | Aggreko, Cummins, Caterpillar, United Rentals, APR Energy, Ashtead Group
Temporary power is the source of electric power that supports industries in times of power cut. Temporary power system supplies electricity on demand when the conventional source fails. The unpredictability of electricity supply and increased power cuts has increased the demand for market. Blackouts and power outage can be hazardous in places like hospitals, mines, and sewage treatment plants among others. The requirement of temporary power has been on rise due to developments like infrastructure and increased constructions, less power supply and a rise in planned events.Get more info about "Global Temporary power Market" by requesting Sample Copy HERE: https://www.stratagemmarketinsights.com/sample/12355
Key Players:
Aggreko, Cummins, Caterpillar, United Rentals, APR Energy, Ashtead Group, Sudhir Power Ltd., Atlas Copco, Herc Holdings Inc, Power Electrics, Generator Power, Speedy Hire, HSS
Global Temporary Power Market: Growth Factors
The segment that contributed the largest share in the market is the diesel generators. The developing countries have a huge demand for the energy. There has been frequent blackouts and power outages by the existing grid infrastructure which are not satisfying the increasing power demand thus boosting the demand for the temporary power. The industries find such blackouts very costly in terms of their economy. The diesel generators come in rescue to supply the power in the industries, residential and commercial sectors in cases when there is the power cut. The events end user segment is the fastest growing segment in the temporary power market. The growing number of events such as sports and other big events are driving the temporary power market.
Global Temporary Power Market: Segmentation
The temporary power market is globally segmented into its fuel type, power rating, end-user and region. Based on the fuel type the temporary power market is categorized into gas, diesel, dual fuel and HFO generators and the mobile gas turbine. Depending on the power rating the temporary power market is classified into less than 80 KW, 81 KW-280 KW, 281 KW-600 KW and above 600 KW. The various end users of the temporary power market are utilities, events, mining, oil and gas, construction, manufacturing, and others.
Regional Analysis:
There is a huge demand for temporary power in the emerging markets across the globe, in the regions of Africa, Middle East, South America, South and Asia-Pacific, as these markets offer ample growth opportunities for the market. Asia-Pacific and Africa are estimated to register high growth rate, owing to low rate of electrification, poor grid infrastructure and increasing capacity expansion propelling the demand for generators. China is one of the prominent markets in the Asia-Pacific temporary power market, due to increase in the number of planned events.
The Middle East region, including Saudi Arabia, has been the key market for the growth of the temporary power market, due to expansion in oil and gas, petrochemical and increasing number of other energy projects.
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