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Temporary Power Market worth 6.40 Billion USD by 2021

he global temporary power market is projected to reach USD 6.40 Billion by 2021, growing at a CAGR of 10.6% from 2016 to 2021. This growth can be attributed to the lack of electricity supply, rise in construction and infrastructural activities, and increase in number of planned events, triggering an increasing demand for energy.<br><br>The report segments the temporary power market on the basis of end-users into utilities, oil & gas, events, construction, mining, manufacturing, shipping, and others (military, telecom, and residential). The utilities segment recorded the largest market size in 2015. The growth can be attributed to aging power grid infrastructure in the developed economies, followed by lack of electricity supply in the developing economies of the Asia-Pacific and Africa. Poor grid infrastructure causes frequent blackouts giving rise to the need for rental power. The oil & gas industry held the second largest market share. Growing industrialization and rising demand for continuous power supply by these industries are expected to drive the temporary power market from 2016 to 2021.

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Temporary Power Market worth 6.40 Billion USD by 2021

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  1. Temporary Power Market worth 6.40 Billion USD by 2021 The report "Temporary Power Market by Generator Rating (Less than 80 kW, 81-280kW, 281-600 kW), End Use (Events, Utilities, Oil & Gas, Construction, Mining, Manufacturing, & Shipping), Fuel Type (Diesel, Gas, & Others (Duel Fuel & HFO)) - Global Forecast to 2021", The global temporary power market is projected to grow from an estimated USD 3.86 Billion in 2016 to USD 6.40 Billion by 2021, registering a CAGR of 10.6%. Factors such as lack of electricity access, aging T&D infrastructure, and the rise in global construction and infrastructural activities are driving the global market for temporary power solutions. Target Audience: Engine/generator manufacturers, dealers, and suppliers Power grid infrastructure companies Transmission & distribution utilities Temporary power companies Consulting companies in the energy and power sector Governments and research organizations Shareholders/investors Power plant project developers Renewable energy companies Consulting companies from the oil & gas sector Investment banks            Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=55233510 Events—the key end-user of temporary power Events are the major end-users of temporary power solutions. In 2015, events constituted the largest segment of the temporary power market, and accounted for the largest share of the total market. Events include sports, media and entertainment activities, which require continuous power supply. The increase in the number of planned events is expected to drive the temporary power market in the events segment. Above 600 kW segment expected to grow at the highest CAGR in the temporary power market The market based on power rating has been segmented into less than 80 kW, 81 kW–280 kW, 281 kW–600 kW and above 600 kW. Rapidly growing demand for power across different industries is the primary growth driver of this segment. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=55233510 North America to dominate the market for temporary powers In this report, the temporary power market has been analyzed with respect to six regions namely, North America, Africa, Asia-Pacific, South America, Europe, and the Middle East. North America is estimated to dominate the market, owing to factors such as aging grid infrastructure and natural calamities, which causes frequent power outages. Furthermore, the construction and manufacturing industry is gradually recovering from the slowdown in 2016 and is also expected to drive the demand for rental power solutions.

  2. The leading players in the temporary power market To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the temporary power market Aggreko PLC (U.K.), Caterpillar Inc. (U.S.), APR Energy PLC (U.S.), Cummins Inc. (U.S.) and Ashtead Energy PLC (U.K.).These players are trying to penetrate developing economies and are adopting various methods to increase their market share. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=55233510 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Email: sales@marketsandmarkets.com

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