Overview and Scope
Temporary power refers to the service built to provide electricity during
construction or restoration operations. The primary purpose of temporary
electricity is to ensure that the site continues operating even when no utility
power is available. It is used in plants and buildings during building
illumination, job-site trailers work, irrigation facilities, and to control
other devices.
Sizing and Forecast
The temporary power market size has grown rapidly in recent years. It will grow
from $6.4 billion in 2023 to $7.25 billion in 2024 at a compound annual growth
rate (CAGR) of 13.2%. The growth in the historic period can be
attributed to increasing construction activities, rapid industrialization,
natural disasters, events and entertainment industry, infrastructure
development.
The temporary power market size is expected to see rapid growth in the next few
years. It will grow to $11.85 billion in 2028 at a compound annual growth rate
(CAGR) of 13.1%. The growth in the
forecast period can be attributed to renewable energy integration, remote and
off-grid areas development, smart cities initiatives, emergency preparedness.
Major trends in the forecast period include digitization and smart
technologies, increasing demand for sustainable solutions, focus on grid
resilience, adoption of modular power systems, market consolidation and
strategic partnerships.
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Segmentation & Regional Insights
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
North America was the largest region in the temporary power market in 2023.
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
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Major Driver Impacting Market Growth
The increasing construction activity is expected to propel the growth of the
temporary power market. The construction industry refers to an industrial
branch of manufacturing and trade-related operations that includes
infrastructure development, repair, renovation, and maintenance. Construction
activities have been on the rise due to rapid industrialization and
urbanization. A temporary power supply will assist the user in obtaining
utilities such as electricity and/or water for construction or building
activities. For instance, in September 2021, according to reports published by
Oxford Economics, a UK-based economic information services company, the global
construction output was $10.7 trillion in 2020, and between 2020 and 2030, it
is anticipated to increase by 42 %, or $4.5 trillion, to reach USD 15.2
trillion.. Furthermore, according to the 2022 U.S. Construction Cost Trends
report, in the U.S., total construction spending has increased by 16% since the
pandemic's onset. Therefore, the increasing construction activity is driving
the temporary power market.
Key Industry Players
Major companies operating in the temporary power market report are 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
The temporary power market report table of contents includes:
1. Executive Summary
2.
Temporary Power Market Characteristics
3.
Temporary Power Market Trends And Strategies
4.
Temporary Power Market - Macro Economic Scenario
5. Global
Temporary Power Market Size and Growth
.
31. Global Temporary Power Market Competitive Benchmarking
32. Global
Temporary Power Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Temporary Power Market
34.
Temporary Power Market Future Outlook and Potential Analysis
35.
Appendix
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