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Global Temporary Power Market is projected to exhibit a CAGR of 7.76% between 2017 and 2025

Author: QYResearch | Publish date: 2018-06-07 | Views: 27
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.

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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.


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:

https://www.qyresearch.com/index/detail/473004/global-temporary-power-market

 


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