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
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.
The report segments the temporary power market on the basis of end-users into utilities, oil & gas, events, construction, mining, manufacturing, shipping, and others (military, telecom, and residential). The utilities segment recorded the largest market size in 2015. The growth can be attributed to aging power grid infrastructure in the developed economies, followed by lack of electricity supply in the developing economies of the Asia-Pacific and Africa.
Poor grid infrastructure causes frequent blackouts giving rise to the need for rental power. The oil & gas industry held the second largest market share. Growing industrialization and rising demand for continuous power supply by these industries are expected to drive the temporary power market from 2016 to 2021.
The temporary power market has also been classified on the basis of power rating into less than 80 kW, 81 kW-280 kW, 281 kW-600 kW and above 600 kW. The demand for above 600 kW power rated generators is expected to increase during the forecast period, as they are used in a wide range of applications in the oil & gas, utilities and mining sectors.
The temporary power market has also been classified on the basis of fuel type into diesel, gas, and other generators. The demand for diesel generators is expected to increase during the forecast period, as they are used in a wide range of applications, across various sectors.
Some of 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)
- Rental Solutions and Services (UAE)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Temporary Power Market, By Fuel Type
7 Temporary Power Market, By Power Rating
8 Temporary Power Market, By End-User
9 Temporary Power Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/cwpz83/temporary_power
Research and Markets
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-temporary-power-market-2016---forecasts-to-2021---research-and-markets-300341182.html
SOURCE Research and Markets