The global temporary power market is projected to reach USD 6.40 Billion by 2021, growing at a CAGR of 10.6% from 2016 to 2021. This growth can be attributed to the lack of electricity supply, rise in construction and infrastructural activities, and increase in number of planned events, triggering an increasing demand for energy.
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The 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", 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.
Browse 115 market data Tables and 47 Figures spread through 167 Pages and in-depth TOC on "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"
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Events—the key end-user of temporary power
Events are the major end-users of temporary power solutions. In 2015, events constituted the largest segment of the temporary power market, and accounted for the largest share of the total market.
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Events include sports, media and entertainment activities, which require continuous power supply. The increase in the number of planned events is expected to drive the temporary power market in the events segment.
Above 600 kW segment expected to grow at the highest CAGR in the temporary power market
The market based on power rating has been segmented into less than 80 kW, 81 kW–280 kW, 281 kW–600 kW and above 600 kW. Rapidly growing demand for power across different industries is the primary growth driver of this segment.
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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.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the temporary power market Aggreko PLC (U.K.), Caterpillar Inc. (U.S.), APR Energy PLC (U.S.), Cummins Inc.
(U.S.) and Ashtead Energy PLC (U.K.).These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
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