The global market for Temporary Power is estimated at US$7.0 Billion in 2023 and is projected to reach US$13.8 Billion by 2030, growing at a CAGR of 10.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the temporary power market is driven by several factors, including the growing demand for electricity, dearth of proper power infrastructure and benefit of less turnaround time. With utilities struggling to meet the growing demand for power due to lack of adequate capacity, the need to narrow the gap between supply and demand is contributing to the growth of temporary power. The increasing frequency and severity of natural disasters, which necessitate robust emergency power solutions, also drives market growth.
The absence of reliable supply of electricity in certain regions of the world, increase in infrastructural expansion and construction activities, and growing number of planned events being worldwide are increasing importance of uninterrupted energy supply. In urban centers across developing countries, owing to rapid industrial activity automation, demand for fully reliable power backup is increasing rapidly. Industries are required to operate steadily and cannot afford any disruption to production due to power outages.
The shift towards renewable energy sources and hybrid power systems, combining traditional generators with solar and wind power, reflects a significant trend in the market. Furthermore, the increasing awareness and regulatory push towards reducing carbon footprints have led to the adoption of greener temporary power solutions. These factors collectively contribute to the robust expansion of the temporary power market.
The growth in the temporary power market is driven by several factors, including the growing demand for electricity, dearth of proper power infrastructure and benefit of less turnaround time. With utilities struggling to meet the growing demand for power due to lack of adequate capacity, the need to narrow the gap between supply and demand is contributing to the growth of temporary power. The increasing frequency and severity of natural disasters, which necessitate robust emergency power solutions, also drives market growth.
The absence of reliable supply of electricity in certain regions of the world, increase in infrastructural expansion and construction activities, and growing number of planned events being worldwide are increasing importance of uninterrupted energy supply. In urban centers across developing countries, owing to rapid industrial activity automation, demand for fully reliable power backup is increasing rapidly. Industries are required to operate steadily and cannot afford any disruption to production due to power outages.
The shift towards renewable energy sources and hybrid power systems, combining traditional generators with solar and wind power, reflects a significant trend in the market. Furthermore, the increasing awareness and regulatory push towards reducing carbon footprints have led to the adoption of greener temporary power solutions. These factors collectively contribute to the robust expansion of the temporary power market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Diesel Fuel Type Temporary Power segment, which is expected to reach US$8.5 Billion by 2030 with a CAGR of a 9.8%. The Gas Fuel Type Temporary Power segment is also set to grow at 11.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.7 Billion in 2023, and China, forecasted to grow at an impressive 12.3% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Temporary Power Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Temporary Power Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Temporary Power Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aggreko Ltd., APR Energy, Ashtead Group Plc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 152 Featured):
- Aggreko Ltd.
- APR Energy
- Ashtead Group Plc.
- Atlas Copco AB
- Caterpillar, Inc.
- Cummins, Inc.
- Diamond Environmental Services
- Herc Rentals, Inc.
- Kohler Co.
- Rental Solutions & Services LLC
- Smart Energy Solutions
- Speedy Hire Plc
- Trinity Power Rentals, Inc.
- United Rentals, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
MIDDLE EAST
AFRICA
Companies Mentioned
- Aggreko Ltd.
- APR Energy
- Ashtead Group Plc.
- Atlas Copco AB
- Caterpillar, Inc.
- Cummins, Inc.
- Diamond Environmental Services
- Herc Rentals, Inc.
- Kohler Co.
- Rental Solutions & Services LLC
- Smart Energy Solutions
- Speedy Hire Plc
- Trinity Power Rentals, Inc.
- United Rentals, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 627 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 7 Billion |
| Forecasted Market Value ( USD | $ 13.8 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
