Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Temporary Power Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the global temporary power market is expected to create a significant revenue pocket by 2023, registering approximately 10% CAGR between 2016-2023. The term - temporary power refers to an independent source of electric power, supporting the industrial and commercial sectors with the power supply in situations such as power cut, blackouts, and power outage. Temporary power supply unit allows builders and trades to work where there is no permanent power connection. Temporary Power supplier companies offer a comprehensive range of temporary power products for the commercial, industrial and entertainment market segments. The Temporary Power market is growing enormously owing to the lack of reliable electricity supply, rise in construction and infrastructural activities, and an increase in the number of planned events, triggering an increasing demand for energy supply. The Increasing construction and infrastructural activities along with the lack of electricity supply to back up those infrastructural expansions are expected to drive the market growth to an extent. Also, the upcoming planned events worldwide, are expected to foster the market growth, fueling the demand for temporary power systems. The lack of permanent power supply facilities in some of the regions especially in the developing nations is providing impetus to the market growth, fulfilling the needs of the increasing population and urbanization. Simultaneously, the rapid automation of industrial activities is leading to the huge demand for reliable power backup, further adding to the growth of the temporary power market. Market trends indicate that industrial infrastructure is due for replacement if production levels and operational efficiency have to be maintained. On the other hand, hazards associated with the distribution of electricity to these power outlets, in case of the fatalities linked to the improper design, installation, and use of temporary power at construction sites, are expected to obstruct the market growth. companies active in supplying the temporary power have been designing and installing systems for the construction industry for almost three decades. From residential homes to commercial developments and civil engineering projects, these companies provide with the temporary power system needed and provide services like installation of power poles, hanging over, to name a few.
Competitive Landscape The prominent players operating in the global temporary power market comprises Atlas Copco (Sweden), Aggreko Ltd. (UK), Cummins Inc. (US), Caterpillar Inc. (US), APR Energy PLC. (US), Kohler Co., Inc. (US), Temp-Power, Inc. (US), Atco Power Ltd. (Canada), Speedy Hire PLC. (UK), Ashtead Group PLC. (UK), Hertz Equipment Rental Corporation (US), United Rentals, Inc. (US), Rental Solutions & Services LLC. (UAE), Smart Energy Solutions (New Zealand), Diamond Environmental Services, LLC. (US), and Trinity Power Rentals (Canada).
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Potential and Pitfalls The temporary power market is predicted to experience an upsurge during the review period as these units can be commissioned and installed easily. Utilities is considered as the primary end-user of the temporary power market as utilities use these sources to meet the surging demand for electricity during peak hours. Due to the booming construction activities, aging power infrastructure, and surging demand for continuous and reliable power, the temporary power market is considered to experience a boost. Power infrastructure in most of the developed countries have become old which can lead to blackouts and power outages, thus disrupting the daily operations. Temporary power solutions are thereby deployed so that a continuous and reliable power supply is maintained. Such factors are considered to provide tailwind to the market across the globe. The rising power failure, increased power outages, and growing investments in the renewable sector is anticipated to create new growth opportunities for the market across the globe. Moreover, the rapid automation of industrial activities is considered to create high demands for reliable power backup which is presumed to dictate the growth trajectory of the market. On the contrary, the increased T&D investments across the globe coupled with the concerns related to payment are presumed to restrict the market growth during the review period. Hazards related to the distribution of electricity during fatalities linked to installation, improper design, and use of temporary power at the construction sites are estimated to slowdown the growth of the market to a certain extent.
Market Segmentation The global temporary power market has been segmented on the basis of fuel type, generator rating, and end-user. Diesel, gas, and others comprises the fuel type segment of temporary power market. Among these, the diesel segment occupies the largest market share due to the surging use of diesel in varied range of applications across industries including utilities, mining, events, construction, and others. By generator rating, the temporary power market constitutes of less than 80 kW, 81-280 kW, and above 280 kW. Among these, the above 280 kW segment is anticipated to expand at the highest CAGR due to its extensive usage in a wide range of applications like oil & gas, utilities, and mining sectors. By mode of end-users, the market is segmented in to utilities, events, oil & gas, construction, manufacturing, mining, and others. Among these, the events segment is anticipated to dominate the segment owing to the surging number of unplanned events across the globe.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis Geographically, the temporary power market has been studied under regions namely, Asia Pacific, North America, the Middle East & Africa, Europe, and South America. Considering the global scenario, the North American region is anticipated to command for the largest market share owing to the surging demand for power and power generation capacity addition plans. Canada and the US are the primary economies fueling the growth of the market in this region owing to the aging power grid infrastructure. natural calamities also cause frequent power outages which is likely to contribute to the growth of the market. The Asia Pacific region is anticipated to expand at the fastest rate during the review period. The region is likely to retain its position due to the surging industrialization mainly in the Southeast Asian economies like Malaysia, Indonesia, Thailand, Philippines, and others. The increasing demand for continuous power supply is bolstering the market growth. The unavailability of power access to electricity especially in the underdeveloped areas is likely to offer lucrative opportunities to the regional market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.