Global Temporary Power Market Size, Trend, Share by 2023by Deepak Kumar Sr. SEO Executive
The global temporary power market is driven by various factors including growth of construction and infrastructural activities, lack of electricity supply and an increase in the number of planned events. The temporary power market has a large end-user base, including events, construction, manufacturing, mining, telecom, utilities, oil and gas and residential.
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The utilities and oil and gas segments are among the largest segments driving the temporary power market across the globe. The growth can be attributed to the lack of electricity supply in the developing economies of Asia-Pacific and Africa and the aging power grid infrastructure in developed economies.
Growing industrialization and rising demand for continuous power supply from industries are the factors expected to drive the temporary power market, during the forecast period (2016 - 2022). The global temporary power market by power rating has been segmented into less than 80kW, 81kW-280kW, 281kW-600kW and above 600kW.
There is a huge demand for temporary power in the emerging markets across the globe, in the regions of Africa, Middle East, South America, South and Asia-Pacific, as these markets offer ample growth opportunities for the market.
The Middle East region, including Saudi Arabia, has been the key market for the growth of the temporary power market, due to expansion in oil and gas, petrochemical and increasing number of other energy projects. Additionally, the continuous development in industries such as infrastructure, commercial and residential are also growing significantly.
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Some of the major companies in the global temporary power market are Aggreko PLC, APR Energy Inc., Ashtead Group Plc, Caterpillar Inc., Power Electrics, Speedy Hire, United Rentals, Cummins Inc., Hertz Corporation, Kohler, Smart Energy Solutions, and Rental Solutions and Services, among others.
Created on Apr 5th 2018 03:08. Viewed 167 times.