Lewes, DE -- (SBWIRE) -- 01/31/2019 -- Global Temporary Power market will register a 6.5% CAGR in terms of revenue, reach US$ 12900 million by 2023, from US$ 8870 million in 2017.

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.

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.

Of the major players of Temporary Power, Aggreko maintained its first place in the ranking in 2017. Aggreko accounted for 7.732 % of the Global Temporary Power revenue market share in 2017. Other players accounted for 2.971 %, 2.618 % including Cummins and Caterpillar.

In this study, the market for Temporary Power consumption divided into six geographic regions: In North America, total Temporary Power accounted for 32.77 %. In the Europe, total Temporary Power accounted for 29.39 %. The market in China Temporary Power accounted for 12.93 %, in Japan 4.44%, in Southeast Asia 4.43%, in India 5.02% and in global other region 11.02 %. Among all regions, North America is estimated to represent the highest share.

On the basis of product type, the Diesel segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 91.56 % revenue share in 2017.

Over the next five years, study projects that Temporary Power will register a 6.5% CAGR in terms of revenue, reach US$ 12900 million by 2023, from US$ 8870 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Temporary Power market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Diesel
Gas & HFO & Petrol

Segmentation by application:
Government & Utilities
Oil & Gas
Events
Construction
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Temporary Power consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Temporary Power market by identifying its various subsegments.
Focuses on the key global Temporary Power manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Temporary Power with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Temporary Power submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 165 pages "Forecast of Global Temporary Power Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Temporary Power by Players, Temporary Power by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Temporary Power Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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