The growth of the Temporary Power Market is majorly driven by the shortage of electricity faced by the developing economies due to lack of permanent power capacity. Failure of predicting the future electricity demand and the inability to finance major power projects by both private and government entities has led to the growth of market for temporary power solutions. Factors such as limited electricity access in all regions across the globe and the rise in global construction and infrastructural activities are driving the global market for temporary power solutions. However, the growth of this market can be restrained by payment issues for availing electricity and power in underdeveloped & developing nations.
One of the key drivers for the growth of temporary power market is the rising demand for energy due to growing infrastructural and construction activities, surge in the number of planned events, accompanied with the scarcity of electricity. Poor grid infrastructure is leading to regular blackouts, which gives rise to the need for rental power. Developing countries have a huge demand for energy. Due to the existing grid infrastructure, which is not satisfying the increasing power demand blackouts and power outages have been frequent and boost the demand for the temporary power. The blackouts prove very expensive for the industries in terms of loss of production. Generators (temporary power systems) come to the rescue as they supply the power to the industrial, residential and commercial sectors, in cases of power cut. The growing number of events such as sports and other big events are also driving the temporary power market.
Temporary power market is expected to grow over the CAGR of around 10 % during the period 2016 to 2023
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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.)
- Kohler (U.S.)
Market Research Analysis
North America is expected to be the largest market for temporary power. U.S is expected to contribute the maximum to the growth of the region. Frequent power outrages are caused in the region due to the aging transmission and distribution infrastructure, thereby driving the demand of temporary power systems in the region. The advancements in the construction industry in the region are also driving the growth of the market. The Asia-Pacific region is also expected to grow due to rapid industrialization and the undertaking of various government initiatives such as Make in India, which require constant power supply. All these factors increase the demand of temporary power systems, thereby leading to the growth of the market.
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The report has been analyzed based on the fuel type, generator rating, end-use and region. Among all end-users, the oil and gas industry is expected to grow rapidly. The rapid industrialization and the increase in demand for incessant power supply by various industries are expected to drive the growth of the temporary power market over the forecast period. The increase in the number of planned events such as media & entertainment and sports activities, which requires continuous electricity backup, is further expected to drive the growth of the market.
Among all fuel types used for temporary power systems, Diesel accounts for a large share. The demand for energy from developing nations is rapidly increasing as the existing grid infrastructure, is resulting in frequent power outages and blackouts. In the industrial and the commercial sector, the power outages can be extremely costly as they might lead to loss in production. Diesel generators are gaining traction as they supply power to industries, commercial and residential sectors during power cuts and prevent any discontinuity in operations.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Temporary Power Market, By Fuel Type
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
List of Figures
Figure 1 Research Generator Rating
Figure 2 Global Temporary Power Market: By Fuel Type (%)
Figure 3 Global Temporary Power Market: By Generator Rating (%)
Figure 4 Global Temporary Power Market: By End Use (%)
Figure 5 Global Temporary Power Market: By Region
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