A Newly Published Study Shares Insights on How to Prepare for a New Normal in the Global Temporary Power Market
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.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Temporary Power market. Report segmentation includes End-Use (Events, Utilities, Oil & Gas, Construction, Mining, Manufacturing, Other End-Uses); Fuel Type (Diesel, Gas, Other Fuel Types) ).
10 June 9:48 A.M., California/Marketwire/ - According to the new market research report, 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.
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.
Key Competitors Covered in the Report
Ashtead Group Plc.
Atlas Copco AB
Diamond Environmental Services LLC
Herc Rentals, Inc.
Rental Solutions & Services LLC
Smart Energy Solutions
Speedy Hire Plc
Trinity Power Rentals, Inc.
United Rentals, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 488. Among this pool, 98 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 22 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.