Planet Market Reports has added a report, titled, “Global Temporary Power Market 2017 Forecast to 2025.”
Global Temporary Power Market Size, Share, Trend, Growth | Planet Market Reports
Global Temporary Power Market to reach USD 9.7 billion by 2025.
Global Temporary Power Market valued approximately USD 4.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2018-2025.
The temporary power is referred to an independent source of electrical energy which has its utility to support the pivotal electrical systems during the loss of normal supply of power during specific time period. The temporary power system mainly consists of standby generators which include both gas generators and diesel generators along with other apparatus. The temporary power system are primarily utilized and deployed to prevent the power outages in the events such as sports events and concerts that occurs from the main circuits of power supply. The drivers of temporary power market include rising demand for power, lack of power infrastructure and reduced turnaround time. The temporary power market is mainly driven enhancing demand for power mainly by the developing countries such as India, China and Brazil which are emerging manufacturing hubs. The automotive and healthcare sector has occupied dominant share in the Asia-pacific region.
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The production and manufacturing process requires constant supply power for assembly line operations. The temporary power has varied applications in many fields as they are used in ships and cruises in marine, telecommunication equipment, scientific laboratories, data centres and hospitals. These temporary power systems can also be dependent on hydrogen fuel cells, deep cycle batteries and flywheel energy storage. On many occasions, the primary source of power is lost owing to top grid wide failure, inclement weather conditions, substation malfunction and planned blackouts. In the present scenario, the emergency power systems considering commercial spaces are mostly equipped with generators. Mostly, these generators are operated through diesel engine. However, the small building and residential spaces mostly employ gasoline driven generators and large spaces deploy gas turbine generators.
The regional analysis of Global Temporary Power Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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By Power Rating:
? Less than 80 KW Rating
? 81-KW-280 KW Rating
? 281 KW-600 KW Rating
? Above 600 KW Rating
By End-User:
? Events Temporary Power
? Oil & Gas Temporary Power
? Construction Temporary Power
? Manufacturing Temporary Power
? Mining Temporary Power
? Utilities Temporary Power
? Others
By Fuel Type:
? Diesel Generator
? Gas Generator
? Others
To Browse Similar Reports@ https://www.planetmarketreports.com/category/energy-and-power
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