Fact.MR’s new report on the temporary power market reveals compelling insights that are driving the transformation in the global landscape. Growing reliance on renewable energy resources and associated risk of intermittency remain the key factors influencing the temporary power market landscape.
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The marketplace is also likely to be impacted by government regulations and mandates, with the recent NEC 700.3(F) expected to increase installation of temporary power sources in the US. These insights are according to a new study by Fact.MR which remains bullish on the long-term prospects of the temporary power market. The report projects over 6% CAGR for the market through 2026.
The Temporary Power market study outlines the key regions – North America, Latin America, Europe, Japan, APEJ, and MEA – alongwith the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Larson Electronics LLC, Cummins Inc., Energyst B.V., SES Smart Energy Solutions FZCO, Hybrid Power Hire, Enerwhere, Altaaqa Global, APR Energy, Others.
The Temporary Power market report addresses the below-mentioned queries:
• Why are vendors shifting away from traditional methods of manufacturing Temporary Power?
• How does the global Temporary Power market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2026?
• What innovative products are being introduced by the players in the global Temporary Power market?
• Which regions are showing the fastest market growth?
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North America is expected to dominate the global market with revenues likely to surpass US$ 2,000 million by the end of forecast period. The Middle East and Africa (MEA) is expected to emerge as a lucrative market for temporary power source equipment manufacturers, owing to insufficient permanent power grids in the region. According to the report, temporary power sales in developed countries will be influenced by aging transmission and distribution infrastructure, whereas in developing regions, lack of round-the-clock power supply is likely to drive demand.
Crucial insights in the Temporary Power market research:
• Underlying macro- and microeconomic factors impacting the growth of the Temporary Power market.
• Basic overview of the Temporary Power, including market definition, classification, and applications.
• Scrutinization of each Temporary Power market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Temporary Power across various industries.
• Important regions and countries offering lucrative opportunities to Temporary Power market stakeholders.
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• Exhaustive research regarding the market to offer A to Z information.
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