Categories: Market Research

Global Temporary Power Market Size and Forecast 2024-2033|Aggreko plc, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC, Smart Energy Solutions

The Temporary Power by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Temporary Power, 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.

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.

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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

Technological advancements have emerged as a key trend gaining popularity in the temporary power market. Major companies operating in the temporary power sector are focused on providing technologically advanced solutions to strengthen their market position. For instance, in September 2021, EcoFlow, a US-based developer and manufacturer of eco-friendly and affordable portable power stations, launched the DELTA mini–Portable Power Station. The DELTA mini can charge up to 12 devices at the same time via USB, DC, and AC outlets. With a robust 1400W rated output, it can power 90% of gadgets and appliances, such as band saws, dishwashers, vacuum cleaners, microwaves, and others. It can even support 1800W products with the X-Boost technology. The portable power station has a capacity of 882Wh.

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 Growt

26. South America Temporary Power Market

27. Brazil Temporary Power Market

28. Middle East Temporary Power Market

29. Africa Temporary Power Market

30. Temporary Power Market Competitive Landscape And Company Profiles

Top Major Players: