Temporary Power Market Analysis:
The Temporary Power Market Size is expected to grow by 11% in the forecast period 2022-2030.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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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.
Global Temporary Power Market - Segmentation
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Fuel Types : Comprises Diesel, and Gas among others.
By Generator Ratings : Less than 80 kW, 81-280 kW, and More than 280 kW.
By End-Uses : Events, Construction, and Mining, among others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
Global Temporary Power Market - Regional Analysis
The North American region is expected to retain its dominance over the global temporary power market attributing to the aging power transmission and distribution systems, leading to frequent power outages. Also, the upsurge in the construction activities in the region is expected to drive the market growth.
The market in the Asia Pacific region is emerging as another lucrative market for temporary power due to the unavailability of proper access to the electricity mainly in the underdeveloped regions. Several countries in the APAC region still do not have 100% access to the electricity. These factors are estimated to augment the demand in the temporary power market during the forecast period.
Key Players:
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).
