Temporary Power Market worth 6.40 Billion USD by 2021 Temporary Power Market

Temporary Power Market worth 6.40 Billion USD by 2021
The report "Temporary Power Market by Generator Rating (Less than 80 kW, 81-280kW, 281-600
kW), End Use (Events, Utilities, Oil & Gas, Construction, Mining, Manufacturing, & Shipping), Fuel
Type (Diesel, Gas, & Others (Duel Fuel & HFO)) - Global Forecast to 2021", The global temporary
power market is projected to grow from an estimated USD 3.86 Billion in 2016 to USD 6.40 Billion by
2021, registering a CAGR of 10.6%. Factors such as lack of electricity access, aging T&D infrastructure,
and the rise in global construction and infrastructural activities are driving the global market for temporary
power solutions.
Target Audience:
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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
Shareholders/investors
Power plant project developers
Renewable energy companies
Consulting companies from the oil & gas sector
Investment banks
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Events—the key end-user of temporary power
Events are the major end-users of temporary power solutions. In 2015, events constituted the largest
segment of the temporary power market, and accounted for the largest share of the total market. Events
include sports, media and entertainment activities, which require continuous power supply. The increase in
the number of planned events is expected to drive the temporary power market in the events segment.
Above 600 kW segment expected to grow at the highest CAGR in the temporary power market
The market based on power rating has been segmented into less than 80 kW, 81 kW–280 kW, 281 kW–600
kW and above 600 kW. Rapidly growing demand for power across different industries is the primary growth
driver of this segment.
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North America to dominate the market for temporary powers
In this report, 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. Furthermore, 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.