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MarketersMEDIA / Newsroom / Global Temporary Power Market to reach USD 9.7 billion by 2025

Global Temporary Power Market to reach USD 9.7 billion by 2025

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WiseGuyReports.com adds “Temporary Power Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database.

Temporary Power Market:

Executive Summary

Global Temporary Power Market to reach USD 9.7 billion by 2025.

Global Temporary Power Market valued approximately USD 4.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2018-2025.

The temporary power is referred to an independent source of electrical energy which has its utility to support the pivotal electrical systems during the loss of normal supply of power during specific time period. The temporary power system mainly consists of standby generators which include both gas generators and diesel generators along with other apparatus. The temporary power system are primarily utilized and deployed to prevent the power outages in the events such as sports events and concerts that occurs from the main circuits of power supply. The drivers of temporary power market include rising demand for power, lack of power infrastructure and reduced turnaround time. The temporary power market is mainly driven enhancing demand for power mainly by the developing countries such as India, China and Brazil which are emerging manufacturing hubs. The automotive and healthcare sector has occupied dominant share in the Asia-pacific region. The production and manufacturing process requires constant supply power for assembly line operations. The temporary power has varied applications in many fields as they are used in ships and cruises in marine, telecommunication equipment, scientific laboratories, data centres and hospitals. These temporary power systems can also be dependent on hydrogen fuel cells, deep cycle batteries and flywheel energy storage. On many occasions, the primary source of power is lost owing to top grid wide failure, inclement weather conditions, substation malfunction and planned blackouts. In the present scenario, the emergency power systems considering commercial spaces are mostly equipped with generators. Mostly, these generators are operated through diesel engine. However, the small building and residential spaces mostly employ gasoline driven generators and large spaces deploy gas turbine generators.

The North America region is anticipated to dominate the temporary power market on the global scenario. The North America region is primarily driven by rise in the power demand and capacity expansion plans by the organizations such as caterpillar and trinity power rentals. The Asia-Pacific region is anticipated to be the fastest growing considering temporary power market owing to escalating industrialization & enhancing demand focusing on continuous power mainly by the sectors which include automobile and healthcare considering the forecasted period. The automobile industry is the largest in terms of manufacturing and production considering the Asia-Pacific region. China is the dominant country considering the manufacturing and production of vehicles which is followed by Japan and India. The constant up surge in the manufacturing of vehicles from the automotive sector which includes both the commercial and passenger vehicles is fuelling the demand for the constant power supply in the utilities. The development of the smart cities in India & growing urbanization is also supporting the adoption and growth of temporary power solutions in the Asia-Pacific region. The North America temporary power market is mainly driven by factors which include natural calamities and aging grid infrastructure that causes frequent power cuts and outrages. Moreover, the manufacturing and construction industry is significantly rising & recovering from the slowdown that occurred in the year 2016 and is expected to fuel the demand for rental power solutions. In the Middle East region, Saudi Arabia is anticipated to be the fastest growing country considering the temporary power market. The Saudi Arabia is on the up-surging trend owing to expanding infrastructure, high demand for electricity and enhancement in the construction activities is which are paving way for growth & development of temporary power market in the country. The generators used for both standby and prime purposes in Saudi Arabia & are fully independent on grid connectivity.

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The regional analysis of Global Temporary Power Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The Companies involved in the market are as follows:

APR Energy PLC
Aggreko PLC
Atco Power Ltd
Ashtead Group PL
Cummins Inc
Caterpillar Inc
Rental Solutions & Services LLC
Trinity Power Rentals
United Rentals Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Rating:

Less than 80 KW Rating
81-KW-280 KW Rating
281 KW-600 KW Rating
Above 600 KW Rating

By End-User:

Events Temporary Power
Oil & Gas Temporary Power
Construction Temporary Power
Manufacturing Temporary Power
Mining Temporary Power
Utilities Temporary Power
Others

By Fuel Type:

Diesel Generator
Gas Generator
Others

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Temporary Power Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…

For further information on this report, visit – https://www.wiseguyreports.com/reports/3501422-global-temporary-power-market-size-study-by-power

Contact Info:
Name: Norah Trend
Email: Send Email
Organization: WISEGUY RESEARCH CONSULTANTS PVT LTD
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 (339) 368 6938 (US), +44 208 133 9349 (UK)
Website: https://www.wiseguyreports.com/reports/3501422-global-temporary-power-market-size-study-by-power

Source URL: https://marketersmedia.com/global-temporary-power-market-to-reach-usd-97-billion-by-2025/455374

Source: MarketersMedia

Release ID: 455374

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