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
· United Rentals
· APR Energy
· Ashtead Group
· Sudhir Power Ltd.
· Atlas Copco
· Herc Holdings Inc
· Power Electrics
· Generator Power
· Speedy Hire
· Shaanxi Communication Power Technology Co., Ltd.
· Trinity Power Rentals
· Diamond Environmental Services
· Rental Solutions & Services
· Quippo Energy
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.
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