The global temporary power market is driven by various factors including growth of construction and infrastructural activities, lack of electricity supply and an increase in the number of planned events. The temporary power market has a large end-user base, including events, construction, manufacturing, mining, telecom, utilities, oil and gas and residential. The utilities and oil and gas segments are among the largest segments driving the temporary power market across the globe. The growth can be attributed to the lack of electricity supply in the developing economies of Asia-Pacific and Africa and the aging power grid infrastructure in developed economies. Though economic development, population growth and urbanization are most pronounced in emerging markets, there exists shortage in electricity supply across all markets, driven by poor planning, aging infrastructure, underinvestment and others. These factors tend to drive the temporary power market in the region.
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Growing industrialization and rising demand for continuous power supply from industries are the factors expected to drive the temporary power market, during the forecast period (2016 – 2022). The global temporary power market by power rating has been segmented into less than 80kW, 81kW-280kW, 281kW-600kW and above 600kW. The demand for above 600kW power rated generators is expected to increase, during the forecast period, as these generators are used in a wide range of applications in the oil and gas, utilities and mining sectors.
There is a huge demand for temporary power in the emerging markets across the globe, in the regions of Africa, Middle East, South America, South and Asia-Pacific, as these markets offer ample growth opportunities for the market. Asia-Pacific and Africa are estimated to register high growth rate, owing to low rate of electrification, poor grid infrastructure and increasing capacity expansion propelling the demand for generators. China is one of the prominent markets in the Asia-Pacific temporary power market, due to increase in the number of planned events.
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Some of the major companies in the global temporary power market are Aggreko PLC, APR Energy Inc., Ashtead Group Plc, Caterpillar Inc., Power Electrics, Speedy Hire, United Rentals, Cummins Inc., Hertz Corporation, Kohler, Smart Energy Solutions, and Rental Solutions and Services, among others.
Global Power Rental Market Segmentation
By Generator Type
By Power Rating
- Less than 80 Kw Power Rating
- 81 Kw–280 Kw Rating
- 281 Kw–600 Kw Rating
- Above 600 Kw Rating
By End User
- Oil & Gas
- Industrial Manufacturing
- North America
- The U.S.
- The U.K.
- Rest Of Europe
- Rest of the World
- Middle East
- South America
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