Temporary Power Market

Market Leaders – Temporary Power Market

The rapidly growing demand for power, lack of power grid infrastructure and increase in number of planned events are expected to drive the temporary power market during the forecast period. Lack of access to electricity is another key factor triggering the demand for temporary power solutions. Developing economies such as India, Indonesia, Nigeria and several African countries still do not have complete access to electricity. Furthermore, in the developed economies such as North America and Europe host frequent sporting, and entertainment events. These factors are expected to fuel the demand for temporary power solutions. The temporary power market is projected to reach USD 6.40 Billion by 2021, from an estimated USD 3.86 Billion in 2016, growing at a CAGR of 10.6%, during the forecast period.

Leading companies in the temporary power market are focusing on contracts & agreements, mergers & acquisitions, new product launches, and expansions to broaden their product portfolio. Contracts & agreements and expansions were the most widely adopted growth strategy in the market from 2011 to June 2016. Industry players that adopted this strategy include Aggreko PLC (U.K.), Caterpillar Inc. (U.S.), APR Energy PLC (U.S.),Cummins Inc. (U.S.) and Ashtead Energy PLC (U.K.).

Aggreko PLC is the market leader in the temporary power market. The company delivers rental power generators and temperature control solutions. In addition, it offers power generation rental solutions, oil free rentals, temperature control rental solutions, risk management solutions, event services and process services for rent, and cooling tower services. The company’s major focus is to become a global provider in the temporary power and temperature control market. The company tries to achieve this through acquisitions, innovation, increased efficiency, and by bringing about economies of scale. In February 2016, Aggreko provided heating and cooling, and generated power for the Levi’s Stadium in California. The company provided modular, mobile power and temperature control solutions for the national football championship game. It has also launched the G3 + series of generators which would work on both diesel and HFO.

APR Energy PLC offers fast-track mobile power solutions to independent utilities, industrial customers, and governmental institutions. The company offers turnkey engineering, logistics, installation, operation, and maintenance services for projects. The company also provides electricity to prevent power outages, emergency power generation services, distributed generation, and improved grid optimization and stabilization. In June 2016, APR Energy, received contracts worth USD 450 million by the Ministry of Energy and Mining of Argentina to provide a total 350MW of generation capacity. The scope of the project is split in two sites and 14 dual fuel turbines will be used for the project.

Related Reports:

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

Mr. Rohan
Markets and Markets
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Email: [email protected]

Temporary Power Market Size,  Share & Growth Report
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EP 4602
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