Temporary Power Market Anticipated to Achieve High CAGR Percentages during 2018-2026

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The purpose of this comprehensive forecast report presented by FactMR is to elaborate the various market projections impacting the global temporary power market trends during the period through 2018-2026. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the temporary power market during the forecast period.

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Semi-permanent power sources are bridging the energy demand that is neither permanent nor temporary such as operations at remote places, mobile power needs and other unique power requirements. Energy demands across industry verticals, especially the construction industry, are evolving dramatically. Conditions such as variable power demand, emission and noise control standards, space constraints, and location accessibility among others are common in end-user applications of the temporary power market. To approach these challenges, manufacturers in the temporary power market have introduced semi-permanent power generation solutions that deliver variable power demands in utilities and other power-intensive industries. In addition, manufacturers deliver flexible power services including power equipment and infrastructure of semi-permanent power for long-term contracts.

Growing reliance on the renewable energy sources against the backdrop of rising fuel prices, stringent emission standards, and increasing global energy demand has augured well for the temporary power market. Adoption of renewable energy resources remains prominent in the EU region while witnessing a significant shift from conventional to renewables in the past decade. In particular, wind, water and solar energy resources are significantly harnessed in major renewable energy plants across world regions. However, the renewable energy plants face challenges of weather-related intermittency such as periods of low wind and sunshine. This leads to intermittency in energy supply against the growing demand for power. With the potential to address power intermittency during not only unfavorable weather but throughout the entire lifecycle of the plant, temporary power sources are highly sought after in the renewables sector. The rapid expansion of wind and solar power generation presents lucrative opportunities for the temporary power market during forecast and beyond.

Utilization of hybrid power solutions has increased significantly against the backdrop of power demand variations during operational and non-operational times in multiple industries. In times of low-power demand, hybrid power solutions that include both permanent and temporary power system, temporary power system takes over fuel generator, increases fuel efficiency, improves power output and reduce operational costs. Owing to their efficacy in power generation, manufacturers have introduced cost-efficient, durable, reduced maintenance, with low-emissions and noise-free hybrid power solutions.

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The market segmentation briefed in the form of market taxonomy is elaborated in this section. The temporary power market is categorized based on power source, end use and regions. On the basis of power source, the temporary power market is segmented into diesel generator, gas generator, dual fuel generator and solar generator. Further, the market is segmented based on end uses such as oil & gas, utilities, mining, construction, manufacturing, event & hospitality and others. The regional analysis also includes in-detailed assessment of country-wise key market trends prevailing in the temporary power market.

Competitive Landscape

The temporary power market report provides valuable insights on the key players operating in the global landscape. The competitive landscape chapter in the temporary power market report provides a comprehensive list of key companies, their market shares, overall revenue generated, recent innovations, company strategies and other notable business developments. Key companies operating in the temporary power market include Larson Electronics LLC, Cummins, Inc., Aggreko Plc., Energyst B.V., SES Smart Energy Solutions FZCO, Hybrid Power Hire, Bennett Engineering LLC, Sudhir Rental Solution, Ashtead Group plc., Enerwhere, Altaaqa Global and APR Energy among others.

Key market strategies employed by market players operating in the temporary power market are rapid expansion, collaboration and new product launch. Off Grid Energy, the UK-based power solutions company has recently launched a new hybrid power unit named – Gridtogo™ Ingenium Series with smaller and fuel-efficient generators with reduced running hours at 2018 executive hire show. Enerwhere, a leading solar energy company in Middle East & Africa, has launched the world’s first MW-scale transportable solar generator rental solutions in the temporary power market.

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