Temporary Power Market worth 6.40 Billion USD by 2021 Temporary Power Market

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.