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The ever increasing demand for a reliable source of power is the need of this period to avoid heavy production losses. The ongoing increase in construction activities, growing the industrial & commercial sector, and urbanization incredibly escalates the electricity demand. A temporary power supply is most feasible where there is no permanent power connection. It is an independent source of electric power generated either by generators or UPS or batteries that not only supply continuous power supply but also saves valuable production hours causing a reduction in economic losses. As in the current situation, the internet and digitization have thrived the online trading which soared the number of data centers that required uninterruptible power supply is anticipating the growth of the temporary power market.
The temporary power market segmentation is done on the basis of fuel types, and end-users. Diesel is mostly used in generators for producing electricity while recently gas generators are gaining momentum to mitigate the serious GHG emission. Batteries and UPS are preferred in office spaces and IT parks due to noiseless operation. Whereas diesel generators are suitable for industrial application such as oil and gas exploration, mining, utilities, construction, etc. owing to higher electricity generation capacity.
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The increasing construction activities along with rapid industrial growth led to an increase in demand for uninterruptible power supply is driving the temporary power market growth. An incessant requirement of reliable power supply for upcoming planned events such as international sporting events & musical concerts pitching up the temporary power demand. Also, a rise in oil and gas exploration, seaborne trade and growing shipping activities gearing up the market growth of temporary power market.
Many temporary power suppliers use diesel generators that emit numerous harmful gases causing a rise in GHG emission and strict emission regulations are expected to obstruct the growth of the temporary power market. The technological advancement in renewable energy has increased its adoption which restraining the temporary power market.
The top leading temporary power companies are Aggreko, Vertiv, United Rentals, Ashtead Group, Caterpillar Inc., Smart Energy Solutions, Power Electric, Rental Solutions and Services, APR Energy, Energyst, Cummins Inc., and Kohler Power.
By Fuel Type
· Oil and Gas
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global temporary power market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to offer excellent growth for temporary power market due to tremendous industrial and technological development, demand for safe, reliable and continuous power supply, and rise in a number of data centers that require an uninterruptible power supply to avoid heavy losses. Also, erratic weather condition causing frequent blackouts and power outage is expected to drive the temporary power market in North America. The upcoming planned international sports and ongoing musical events that require a huge amount of electricity for short period of a span, and extreme weather condition causes frequent power outage is anticipating the growth of the temporary power market growth. The Asia Pacific is one of the rapidly growing regions in the world owing to enormous potential development and presence of fastest-growing economies such as India and China. Ongoing industrial growth and urbanization are the major factors for the increase in demand for electricity. Also, the lack of grid infrastructure and many parts in this region don’t have full access to electricity is expected to raise the demand for temporary power. MEA comprises some of the economically weaker countries where there is a lack of grid infrastructure and many parts are under blackouts that will pitch up the temporary power market growth. In oil-rich countries such as Iran, Iraq, Saudi Arabia, UAE, etc. where exploration activities take place on a larger scale is driving the temporary power market in MEA.
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