Market Research Future published a half-cooked research “Global Temporary Power Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.The report for Temporary power market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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The term – temporary power refers to an independent source of electric power, supporting the industrial and commercial sectors with the power supply in situations such as power cut, blackouts, and power outage. Temporary power supply unit allows builders and trades to work where there is no permanent power connection. Temporary Power supplier companies offer a comprehensive range of temporary power products for the commercial, industrial and entertainment market segments.
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.
Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the global temporary power market is expected to create a significant revenue pocket by 2023, registering approximately 10% CAGR between 2016-2023.
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.
Also, the upcoming planned events worldwide, are expected to foster the market growth, fueling the demand for temporary power systems. The lack of permanent power supply facilities in some of the regions especially in the developing nations is providing impetus to the market growth, fulfilling the needs of the increasing population and urbanization. Simultaneously, the rapid automation of industrial activities is leading to the huge demand for reliable power backup, further adding to the growth of the temporary power market. Market trends indicate that industrial infrastructure is due for replacement if production levels and operational efficiency have to be maintained.
On the other hand, hazards associated with the distribution of electricity to these power outlets, in case of the fatalities linked to the improper design, installation, and use of temporary power at construction sites, are expected to obstruct the market growth.
companies active in supplying the temporary power have been designing and installing systems for the construction industry for almost three decades. From residential homes to commercial developments and civil engineering projects, these companies provide with the temporary power system needed and provide services like installation of power poles, hanging over, to name a few.
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.
Some of the leaders driving the global temporary power market include Ashtead Group Plc (UK), Aggreko PLC (UK), Caterpillar Inc. (US), Speedy Hire (US), Hertz Corporation (US), Smart Energy Solutions (UAE), United Rentals (US), Power Electrics (UK), Cummins Inc. (US), APR Energy Inc. (US), Kohler (US) and Rental Solutions Services (UAE).
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Industry/ Innovation/ Related 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.
Distributer & Supplier companies
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Product matrix which gives a detailed comparison of the market for different recycled product types
Geographical analysis across 15 countries
Profiling of 10 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies
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