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(India.CityRegions.Com, March 30, 2018 ) The Global Temporary Power Market was valued at USD 3.92 billion in 2016 and is projected to reach USD 9.69 billion by 2025, growing at a CAGR of 10.58% from 2017 to 2025.
Temporary power refers to sources of power that can deliver electrical power on demand in times when conventional power sources fail. Usually temporary power sources consist of generators or battery sets, and can be powered by hydrogen fuel cells, diesel/gasoline generators, deep cycle batteries, flywheel energy storage, etc.
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The major players in the market are as follows: APR Energy PLC., Caterpillar, Inc., Atlas Copco CB., United Rentals, Inc., Smart Energy Solutions, Kohler Co., Inc., Atco Power Ltd., Temp-Power, Inc., Aggreko PLC., Ashtead Group PLC., Cummins, Inc., Speedy Hire PLC., Hertz Equipment Rental Corporation, Rental Solutions & Services LLC., Diamond Environmental Services, LLC.
Temporary power is an independent source of the electric power that supports the industries and other sectors with the power supply in situations such as blackouts and power outage. Power failures are the very serious problem in areas such as hospitals, mines, sewage treatment plants, etc. Hence there is always a necessity to have an alternative for this problem which is solved by the temporary power.
Market Dynamics: 1. Market Drivers 1.1 Declining cost of power generation 1.2 Growing potential in emerging economies 1.3 Lesser turnaround time 1.4 Poor power infrastructure 1.5 Growing power demand 2. Market Restraints 2.1 High focus on renewable energy 2.2 Strict emission regulations 2.3 Increasing T&D expenditure
Market Segmentation: The Global Temporary Power Market is segmented on the basis of power rating, fuel type, end user, and region. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology: Research study on the Global Temporary Power Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review. The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Source: EmailWire.Com
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