Temporary Power Market Analysis, Growth, Share, Industry Trends, Supply Demand, Forecast and Sales to 2025
30 October 2018 - The Temporary
Power Market is expected to grow at a sizable CAGR over the forecast
period. Key drivers for this market are the burgeoning power demand, consequent
dearth of a reliable power infrastructure, obsolete grid and T&D
infrastructure, and lesser blackouts and turnaround time. Factors like
economical power generation, rapidly growing construction industry in emerging
markets, rise in the number of globally planned events, higher demand in
emerging markets, and aging permanent power plants are expected to open new
avenues for the temporary power market on the forecast horizon.
Demand
from residential sector is also on the rise. The need for upgradation of
instruction in developing countries is expected to augment this market in
foreseeable future. On the other hand, lack of a systematic payment model, and
costlier T&D charges are restraining market growth. Strict regulations
pertaining to emissions and the impending threat of distributed generation
systems, particularly renewable energy sources will challenge the market in future.
Market ecosystem consists of component suppliers, OEMs, investment & equity
firms, distributors and suppliers, utility service providers, end user
industries like construction, manufacturing, mining, oil & gas, planned
events, shipping, telecom, defense, and larger utilities. It is a vertical
market catering to various downstream businesses.
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Temporary
power is supplied by make-shift installations. These have temporary wiring
which is cost-effective, easier to remove, has lesser code requirements but
limitations on use. For example, instead of the standard metal sheathed cable
wiring, Type NM cable is allowed and a box is not required for junction
connections. Temporary power can either be provided by sourcing it from the
main electrical panel with a power cable or using stand-alone diesel/gas
generators.
Temporary
power market is segmented on the basis of fuel type, end-user industry, power
rating, and the geographical region. Based on the fuel type, the market size
spans gas, diesel, and others (HFO generators, mobile gas turbines, dual fuel
generators) Based on the end-user industry, the market size spans construction,
manufacturing, oil & gas, planned events, shipping, telecom, defense,
larger utilities, mining, and contracting. As per the power rating, the market
size spans less than 80kW, 81kW – 280 kW, 281 kW – 600 kW, and above 600 kW.
Areas per geography, the market size comprises Asia Pacific, Europe, North
America, South America, Middle East, and Africa.
Diesel
generators currently hold the largest market size due to their prevalence as
backup in industrial, commercial as well as residential sectors during power
outages and blackouts. This trend is expected to continue in the forecast
period. Planned events segment has held the largest market size so far and will
continue to dominate in foreseeable future due to events like the football and
cricket World Cup coming up. Above 600 kW power rating generators currently
hold the largest market share but are expected to be outrun by 281 kW- 600 kW
rating generators in the forecast period. This can be attributed to their
customized applications in different industry verticals. North America held the
largest market due to presence of already established players. On the other
hand, Asia Pacific region will reach the high water mark in terms of CAGR in
the forecast period, due to rising power demand in the emerging markets.
Key
players in the temporary power market are Aggreko PLC, Atco Power, Atlas Copco
CB, Cummins Inc, Caterpillar Inc, APR Energy PLC, Diamond Environmental
Services LLC, Rental Services & Solutions LLC, Smart Energy Solutions,
Kohler Company Inc, Speedy Hire PLC, Hertz Equipment Rental Corporation, United
Rentals Inc, Trinity Power Rentals, Temp-power Inc, Ashtead Group PLC
Contracts
and agreements was the key strategy adopted by prominent players in order to
spur market growth. Kohler Company acquired BES, a leading generator
maintenance services company, and SDMO industries, a manufacturer of generator
sets, in December 2005.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Temporary Power in these regions, from 2013 to
2025 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Temporary Power market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Aggreko
•
APR Energy
•
Ashtead Group
•
Caterpillar
•
Cummins
•
Atlas Copco
•
Speedy Hire
•
United Rentals
•
Hertz Equipment Rental Corporation
•
Smart Energy Solutions
•
Rental Solutions & Services
•
Kohler
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