Global Temporary Power Market is projected to exhibit a CAGR of 7.76% between 2017 and 2025
June 12, 2018 by analyst qinwei of QYResearch
Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply.
Increasing power demand, lack of grid stability & support and low electrification rates are the major driving factors of the power rental market in the utilities segment. Lacking of electricity access, aging T&D infrastructure are driving the market for power rental solutions. The rise in construction and infrastructural activities are driving the market for power rental solutions. Increasingly frequent business activities are also a stimulating factor.
According to the report, global revenue for Temporary Power market was valued at $ 8.87 Billion in 2017, and is expected to generate revenue of $ 16.14 Billion by end of 2025, growing at a CAGR of 7.76 % between 2017 and 2025.
Click to view the full report TOC, figure and tables：
Key vendors analysed in this market research are
· Aggreko
· Cummins
· Caterpillar
· United Rentals
· APR Energy
· Ashtead Group
· Sudhir Power Ltd.
· Atlas Copco
· Herc Holdings Inc
· Power Electrics
· Generator Power
· Speedy Hire
· HSS
· Shaanxi Communication Power Technology Co., Ltd.
· Trinity Power Rentals
· Diamond Environmental Services
· Rental Solutions & Services
· Quippo Energy
· Temp-Power
Of the major players of Temporary Power, Aggreko maintained its first place in the ranking in 2017. Top 3 players include Aggreko, Cummins and Caterpillar.
Click to view the full report TOC, figure and tables：
Temporary Power Market, by Region
· North America
· Europe
· China
· Japan
· India
· Southeast Asia
· Rest of World
North America is the largest market for Temporary Power, followed by Europe.
Temporary Power Market, by Type:
· Diesel
· Gas & HFO & Petrol
On the basis of product type, the Diesel segment is projected to account for the largest revenue market share during the forecast period; this segment was estimated to account for 91.56 % market share in 2017.
Temporary Power Market, by End User
· Government & Utilities
· Oil & Gas
· Events
· Construction
· Industrial
· Others
Key end-use industries analysed and reported in this study include government & utilities, oil & gas, industrial, events, construction and others. Government & utilities are expected to remain key end-user segments for power rental market over the next few years growing. Industrial and construction are one of the largest consumers of power, together accounting for over 40.95% market share of the total power rental market.
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