In order to prevent significant production losses, there is a growing need for a power source. Urbanization, expanding the industrial and commercial sector, and rising construction activities significantly boost the need for power. A temporary power source is the most practical option where there is no permanent power connection. It is independent of the source of electricity produced by generators, UPS systems, Or batteries that not provide a constant power supply but also that not only supply continuous power supply but also help to cut down on lost production time and financial losses. In the same way, the internet and digitalization have flourished online trading, which has increased the number of data centers which require an uninterruptible power supply. These factors are driving the growth of the diesel temporary power market.
MARKET SCOPE
The "Global Diesel Temporary Power Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the diesel temporary power market with detailed market segmentation by generator rating, industry vertical, and geography. The report provides key statistics on the market status of the leading diesel temporary power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on generator rating, the market is segmented into less than 80 kW, 81-280kW, and 281-600 kW.
- Based on industry vertical, the market is segmented into oil and gas, construction, mining, manufacturing, shipping, and others.
MARKET DYNAMICS
Drivers:
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- Rising number of commercial, and residential buildings construction activities is boosting the growth of the diesel temporary power market.
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- High cost may hinder the growth of the diesel temporary power market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The diesel temporary power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the diesel temporary power market in these regions.
IMPACT OF COVID-19 ON DIESEL TEMPORARY POWER MARKET
COVID-19 has severely affected the growth of the diesel temporary power market. Companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the diesel temporary power market.
MARKET PLAYERS
The report covers key developments in the diesel temporary power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the diesel temporary power market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the diesel temporary power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aggreko
- APR Energy
- Ashtead Technology
- Bennett Group
- Caterpillar Inc.
- Cummins Inc.
- Hertz Corporation
- Kohler
- Power Electrics
- Smart Energy Solution