Temporary Power Market 2020 to 2030 Brief Analysis by Top Key PlayersPosted by sachi kaushik on March 18th, 2021 Temporary power market players look to a revival in demand, as growth remained muted in 2020. Fact.MR opines market to grow at over 5% in 2021, with adoption by utilities segment key to sustained demand. While the increase in sales footprint of the temporary power manufacturers is backed by the growing demand, rising investments in various power plant productions have further escalated the temporary power generators growth. To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1672 As stated by the United States Immigration and Customs Enforcement (ICE), the global volume of construction output is forecast to grow by 85% to US$ 15.5 trillion by 2030, driven by the United States, China, and India. As per the report, the U.S. construction market is set to grow faster than China over next 15 years. The latest study by Fact.MR provides an exhaustive overview of the global temporary power market, along with the competition tracking for temporary power manufacturers and suppliers, and the insights of the market trends in 20+ countries across the globe. Key Takeaways
“The utilities industry has grown significantly over the past decade owing to the rise in energy consumption across the globe, especially across countries such as China, Japan, the United States prompting key temporary power manufacturers tend to increase inroads across these lucrative regions in the coming years,” says a Fact.MR analyst. COVID-19 Impact Analysis While the outbreak of the COVID-19 pandemic has declined the growth of the temporary power sector due to the decrease in demand from the key end-user industries, such as the building & construction, events & hospitality, and others, the financial crisis has subsided the demand further in the following months. For instance, according to India Ratings (IndRa), though the construction activities in India have resumed since July, 2020, the increase in fiscal deficit of central and state government is likely to impact the sector in the financial year. As per the report published by the European Commission (EC) in November, 2020, due to the pandemic the construction industry in the euro area declined by 2.9% in 2020. However, the recovery of the key end users has gained momentum with the world getting back to the track steadily. As the requirement for the temporary power is rising again, the manufacturers are focusing on a flurry of production to utilize the best out of it. Who is Winning? With the competition getting fiercer with each passing year, the temporary power manufacturers are adopting strategic approaches while focusing on launching more diverse categories of products. For instance,
More Valuable Insights on Temporary Power Market In the latest report by Fact.MR , we offer an unbiased analysis of the global temporary power market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of power source (diesel generator, gas generator, dual fuel generator, solar generator), end use (utilities, oil & gas, mining, construction, manufacturing, events and hospitality, and others), across six major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA). About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter: Like it? Share it!More by this author |