Temporary Power Market Competitive Dynamics & Global Outlook 2024
Global Temporary Power Market: Overview
Temporary power is an independent source of the electric power that supports the industries and other sectors with the power supply in situations such as blackouts and power outage. Power failures are the very serious problem in areas such as hospitals, mines, sewage treatment plants, etc. Hence there is always a necessity to have an alternative for this problem which is solved by the temporary power. The growth in the temporary power market is attributed to the factors such as the growing infrastructural activities, the growing amount of planned events and the lack of electric supply.
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Global Temporary Power Market: Segmentation
The temporary power market is globally segmented into its fuel type, power rating, end-user, and region. Based on the fuel type the temporary power market is categorized into gas, diesel, dual fuel and HFO generators and the mobile gas turbine. Depending on the power rating the temporary power market is classified into less than 80 KW, 81 KW-280 KW, 281 KW-600 KW and above 600 KW. The various end users of the temporary power market are utilities, events, mining, oil and gas, construction, manufacturing, and others. Region wise the temporary power market is diversified into the Middle East and Africa, Asia-Pacific, North America, Europe, and South America.
Global Temporary Power Market: Growth Factors
The segment that contributed the largest share in the market is the diesel generators. The developing countries have a huge demand for the energy. There has been frequent blackouts and power outages by the existing grid infrastructure which are not satisfying the increasing power demand thus boosting the demand for the temporary power. The industries find such blackouts very costly in terms of their economy. The diesel generators come in rescue to supply the power in the industries, residential and commercial sectors in cases when there is the power cut. The events end user segment is the fastest growing segment in the temporary power market. The growing number of events such as sports and other big events are driving the temporary power market.
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Global Temporary Power Market: Regional Analysis
The region that is dominating the temporary power market is North America followed by the Asia Pacific and South America. The country that accounted for the major share in the temporary power market is the US. The factor that attributed to this growth is the T&D infrastructure that is aging which causes blackouts and frequent outages of power. The getting better construction industry in the North American region is the prime factor that is contributing towards the temporary power market growth. There are many countries around the globe that do not have access to electricity which will fuel the demand of temporary power market.
Global Temporary Power Market: Competitive Players
The major market players in the temporary power market include Aggreko PLC, APR Energy PLC, Ashtead Energy PLC, Caterpillar Inc., Cummins Inc., Speedy Hire, Cummins Inc., Kohler, Rental Solutions and Services, Power Electrics, United Rentals, Hertz Corporation and Smart Energy Solutions.
Global Temporary Power Market: Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa).
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