This study focuses on the overall global power projects market with regional analysis for the Middle East & Africa, Latin America, Europe, and Asia Pacific. Power projects are defined as projects that require generators over 400 kVA through short- to medium-term contracts. These contracts generally have a fixed rental cost, based on the power output, and a variable operation and maintenance cost, based on the electricity generated or the hours of operation. Power projects may be either connected to the electric power grid, as distributed energy sources, or isolated from the grid in stand-alone applications. For the purposes of this study, the analysis was focused only on the power projects segment. The base year for the study is 2021.
[Published June 2022]
The COVID-19 outbreak has had a negative impact on revenues for temporary power companies in 2020 and 2021. Most companies have been affected by lower demand and supply chain constraints. However, the market has been recovering and is expected to experience higher than pre-pandemic growth rates in 2022, driven by the expansion of mining and oil & gas activities and the lack of government investment in energy infrastructure in most developing countries.
The Middle East & Africa region held the largest market share of the global temporary power rental market in 2021 and will continue to dominate the global market by 2028. The Middle East & Africa market is expected to be driven by rapid population growth and energy demand, increasing faults in transmission and distribution lines due to the aging power infrastructure, and expansion of the mining sector, among other factors impacting the steady power supply in this region.
This study aims to provide a detailed analysis of the Global Power Projects Market along with qualitative trends for the year 2021. The market numbers included in this report represent revenues generated by companies operating in the global power projects market. The base year for the study is 2021 and the forecast period is from 2021 until 2028. This study captures the following information on the Global Temporary Power Project Market:
Companies Featured: Aggreko plc, Caterpillar Inc., Altaaqa Global, APR Energy, LOXAM Group, Atlas Copco Group, Tecnogera, A Geradora, Kohler Co. (Clarke Energy), Mikano International Limited, and SoEnergy, among others.
All reports are delivered in PDF via email within 1-12 hours of purchase. If immediate assistance is needed, please call +1.210.595.9687 and someone will help you right away.
Every report purchase comes with 1 hour of Analyst Inquiry Time for a phone call with our analysts. This can be used for strategic advice, consultation, or addressing issues in your business and linking them to a solution. Analyst Inquiry Time must be used within 45 days of report purchase.