What Transformation Has the Temporary Power Market Undergone?
The temporary power market has seen considerable growth due to a variety of factors.
• In recent years, there has been a swift expansion in the size of the temporary power market. The market is forecasted to surge from $7.23 billion in 2024 to $8.17 billion in 2025, an increase marked at a compound annual growth rate (CAGR) of 13.0%.
Factors such as augmenting construction activities, swift industrialization, frequent natural calamities, events and the entertainment industry, and infrastructure development have contributed to the growth experienced during the historic period.
How Will The Temporary Power Market Size Evolve In The Foreseeable Future?
The temporary power market is expected to maintain its strong growth trajectory in upcoming years.
• The market for temporary power is poised to witness substantial growth in the upcoming years, with projections estimating its value to be around $13.63 billion by 2029. This implies an impressive compound annual growth rate (CAGR) of 13.7%.
This robust growth during the forecast period can be traced back to factors like the rise of renewable energy integration, the expansion of remote and off-grid regions, initiatives are undertaken for the development of smart cities and preparations for emergency situations. The key trends marking this growth phase will be an influx in digitisation and smart technologies, an increased push towards sustainability, an emphasis on maintaining grid resilience, adoption of modular power systems along with a surge in market consolidation and strategic alliances.
Which Key Drivers Are Propelling The Temporary Power Market's Growth?
The growth of the temporary power market is expected to be driven by the rise in construction activities. The construction industry, which encompasses infrastructure development, repair, renovation, and maintenance, is part of manufacturing and trade-related fields. Rapid urbanization and industrialization have triggered an increase in these activities. A temporary power supply aids users in accessing utilities like electricity and water for construction or building projects. For instance, Oxford Economics, a UK-based company delivering economic information, predicts that the value of construction work will escalate from $9.7 trillion in 2022 to $13.9 trillion by 2037, spurred on by major construction markets in China, the U.S., and India. Consequently, this rise in construction activity is acting as a catalyst for the temporary power market.
What Are The Key Segments Within The Global Temporary Power Market?
The temporary power market covered in this report is segmented –
1) By Fuel Type: Diesel, Gas, Other Fuel Types
2) By Power Rating: Less than 80 kW, 81 kW–280 kW, 281 kW–600 kW, Above 600 kW
3) By End User: Utilities, Oil And Gas, Mining, Construction, Manufacturing, Events And Hospitality, Other End Users
Subsegments:
1) By Diesel: Diesel Generators, Diesel Engine Rentals
2) By Gas: Natural Gas Generators, Biogas Generators
3) By Other Fuel Types: Biofuel Generators, Hydrogen Generators, Propane Generators
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How Are New Trends Impacting The Size Of The Temporary Power Market?
The emergence of technological advancements is a notable trend in the temporary power industry that is gaining traction. To solidify their position in the market, major firms in this sector are concentrated on offering innovative technological solutions. For example, in September 2022, Jackery Inc., an American company recognized for its innovative portable power and outdoor green energy solutions, introduced the Solar Generator 1000 Pro. The Solar Generator 1000 Pro from Jackery is an 800W compilation of four SolarSaga 200W Solar Panels and the Jackery Explorer 1000 Pro Portable Power Station. It can power up to 8 devices at the same time using AC, DC, and USB port. In addition, it offers fast charging capabilities, becoming fully energized in just about 1.8 hours using an AC outlet.
Who Are the Key Players in the Temporary Power Market?
Major companies operating in the temporary power market include:
• Aggreko plc
• Caterpillar Inc.
• APR Energy Inc.
• Ashtead Group PLC
• Smart Energy Solutions
• Speedy plc
• Cummins Inc.
• Hertz Corporation
• Kohler Co.
• Bennett Engineering LLC
• Altaaqa Global Energy Services
• ATCO Ltd.
• Power Electrics Ltd.
• Larson Electronics LLC
• SES Smart Energy Solutions FZCO
• Enerwhere Holdings LLC
• Bredenoord B. V.
• Byrne Equipment Rental LLC
• Carrier Rental Systems Inc.
• Doosan Portable Power
• Energyst BV
• HIMOINSA S. L.
• Ingersoll-Rand Company
• J. C. Bamford Excavators Limited
• MTU Onsite Energy Corporation
• Rental Solutions & Services LLC
• Generac Holdings Inc.
• Wärtsilä Oyj Abp
• Wacker Neuson SE
• Ring Power Corporation
What are the Regional Insights into the Temporary Power Market?
North America was the largest region in the temporary power market in 2024.Asia-Pacific is expected to be the fastest-growing region in the temporary power market share during the forecast period. The regions covered in the temporary power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
