Temporary Power Market Scope
The temporary power system is used when the power required for a limited period. Mostly temporary power systems are used at the remote location, construction site, a new section of the mine, outdoor concert or event. Global temporary power market has been driven by continuously rising the demand for power, lack of power infrastructure in many geographical regions, increasing industrialization and growing demand for continuous power supply, increasing demand from rapidly growing construction sector and lack of electricity supply in some areas. However, stringent emission regulations from many regional governments, high transmission, and distribution cost in the temporary market and low availability of fuel in some geographical areas are the factors that have been limiting the overall growth of the market. Moreover, decreasing the cost of power generation and increasing investment and technological advancement in the oil and gas sector can create an opportunity for the market.
According to AMA, the Global Temporary Power market is expected to see growth rate of 10.23%In last couple decades, the global temporary power market was highly concentrated to very few players including Aggreko PLC, APR Energy Inc., Ashtead Group Plc, Caterpillar Inc, Power Electrics, Speedy Hire and others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in temporary power has favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environmentThe Manufacturers having a strong hold in the market are Aggreko PLC, APR Energy Inc., Ashtead Group Plc, Caterpillar Inc, Power Electrics, Speedy Hire. Research Analyst at AMA estimates that United States, European, Middle East and Africa Manufacturers will contribute to the maximum growth of Global Temporary Power market throughout the predicted period.
Aggreko PLC (United Kingdom), APR Energy Inc. (United States), Ashtead Group Plc (United Kingdom), Caterpillar Inc. (United States), Power Electrics (United Kingdom), Speedy Hire (United States), United Rentals (United States), Cummins Inc. (United States), Hertz Corporation (United States) and Kohler (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Smart Energy Solutions (UAE) and Rental Solutions and Services (UAE).
Segmentation Overview
The study have segmented the market of Global Temporary Power market and Region with country level break-up.
On the basis of geography, the market of Temporary Power has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Trend for Temporary Power due to Continuous New Launches and Promotional Activities by Manufacturers
Market Growth Drivers:
Continuously Rising the Demand for Power, Lack of Power Infrastructure in many Geographical Regions, Increasing Industrialization and Growing Demand for Continuous Power Supply, Increasing Demand from Rapidly Growing Construction Sector and Lack of Electricity Supply in Some Areas
Challenges:
High Transmission and Distribution Cost in the Temporary Market and Low Availably of Fuel in Some Geographical Areas
Restraints:
Stringent Emission Regulations from many Regional Governments
Opportunities:
Decreasing Cost of Power Generation and Increasing Investment and Technological Advancement in the Oil and Gas Sector
There is various emission standard development government to reduce air pollution such as the Canadian Environmental Protection Act, Environmental Protection Agency (EPA), EU Regulation No 443/2009 and many others. The regulation and standards for the emission have been limiting the market.
Key Target Audience
Engine/Generator Manufacturers, Power Grid Infrastructure Companies, Transmission & Distribution Utilities, Temporary Power Companies, Consulting Companies from the Oil & Gas Sector and Investment Banks
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.