Global Temporary Power Market Analysis, Trends, and Forecasts 2020-2025 - ResearchAndMarkets.com

DUBLIN--()--The "Temporary Power - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The global market for Temporary Power is projected to reach US$8 billion by 2025, driven by the growth in construction projects and the need for site preparation with the necessary infrastructure that includes electrical power supply.

Temporary power is critical for construction projects to power onsite construction machinery and tools such as powered tools, and lighting, etc. required to support the construction activities, site workforce and equipment. Residential construction, commercial construction and public works require electricity to be delivered onsite. Temporary power can be provided in two basic configurations, i.e. overhead and underground. Long-term projects with higher electrical loads and safety issues often require underground provision of temporary power via underground placement of electrical cables, trenching, and wiring. The market is therefore benefiting from the recovering construction activity in most countries across the global and the huge opportunities in the retrofit market driven by global 'green' building standards will also influence growth in the market.

Recovery in construction which began in 2011 in the aftermath of the great recession is continuing even today, albeit with slight bumps and turns. This is largely because of the success with which the industry has and continues to evolve and adapt to changes in labor availability, technology and economic turmoil. Digital technologies for concept, design, engineering and building; rise of AR/VR in digital construction; connected construction; smart on-site equipment; increase in modular and prefabricated construction; use of Building Information Monitoring (BIM), automation, robotics, AI, Drones and 3D Printing, etc. have helped the industry fight the changing economic realities and remain afloat. Healthy outlook for global investments in construction technologies (Contech) also bodes well for the overall outlook for the construction industry in 2020.

The rise of smart cities will emerge as the single most important factor driving demand for temporary power in the construction industry. Growth of megacities will fuel residential and infrastructure construction projects worldwide. The over 9,280 ongoing megacity construction projects worldwide create robust demand temporary job site power. Dubai flaunts the highest megacity pipeline project value and will remain an attractive market for temporary power solutions. In addition to construction, demand for temporary power solutions and services is also benefiting from the increase in trade shows/fairs, exhibitions, conventions and special events being organized. Growing competition and increased focus on innovation and new product development are stepping up the importance of showcasing products and services to leverage new business opportunities.

Number of exhibition venues globally stands at an approximate 1,300 covering over 36.8 million sqm of space. The scenario benefits demand for temporary electrical power supply and distribution to support digital display areas, special lighting, sales demos and presentations, live entertainment production and operation of equipment such as lifts, scissor lifts and forklifts, among others. The United States, Europe, Latin America. Middle East and Africa represent large markets worldwide with a combined share of 76% of the market. China ranks as one of fastest growing markets with a CAGR of 12.8% over the analysis period supported by the Chinese government's plans to step up infrastructure investment as a way of boosting its slowing economy.

Companies Mentioned

  • Aggreko Ltd.
  • APR Energy
  • Ashtead Group Plc.
  • Atlas Copco AB
  • Caterpillar Inc.
  • Cummins Inc.
  • Diamond Environmental Services LLC
  • Herc Rentals Inc.
  • Kohler Co.
  • Rental Solutions & Services LLC
  • Smart Energy Solutions
  • Speedy Hire Plc
  • Temp-Power Inc.
  • Trinity Power Rentals Inc.
  • United Rentals Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Temporary Power Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Temporary Power Market Share (in %) by Company: 2019 & 2025

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Temporary Power Market: Competitor Market Share Scenario (in %) for 2019 & 2025

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

V. CURATED RESEARCH

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900