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.
Market growth is driven by factors such as the growing demand for power, aging grid infrastructure, and lack of access to electricity, and increasing construction and infrastructural activities across the globe.
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.
- Engine/generator manufacturers, dealers, and suppliers
- Power grid infrastructure companies
- Transmission & distribution utilities
- Temporary power companies
- Consulting companies in the energy and power sector
- Governments and research organizations
- Power plant project developers
- Renewable energy companies
- Consulting companies from the oil & gas sector
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.
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.
The leading players in the temporary power market are Aggreko PLC (U.K.), APR Energy Inc. (U.S.), Ashtead Group Plc (U.K.), Caterpillar Inc.(U.S.), Power Electrics (U.K.), Speedy Hire (U.S.), United Rentals (U.S.), Cummins Inc.(U.S.), Hertz Corporation(U.S.), Kohler (U.S.), Smart Energy Solutions (UAE), and Rental Solutions and Services (UAE)
- Diesel Generator Segment is Expected to Dominate the Temporary Power Market During the Forecast Period
- North America Held the Largest Market Share in the Temporary Power Market in 2015
- Asia-Pacific: the Fastest Growing Temporary Power Market During the Forecast Period
- Temporary Power Market: By End-User
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