Insights Into The Temporary Power Market’s Growth Opportunities Through 2023-2032 – Includes Temporary Power Market Forecast
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The increasing construction activity are expected to drive innovation in temporary power manufacturing, thus driving the market during the forecast period.
The global temporary power market is expected to grow from $5.67 billion in 2022 to $6.48 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. The temporary power market size is expected to grow to $10.5 billion in 2027 at a CAGR of 12.8%.
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Global Temporary Power Market Segments Include:
- By Type: By Fuel Type: Diesel, Gas, Other Fuel Types
- By Power Rating: Less than 80 kW, 81 kW–280 kW, 281 kW–600 kW, Above 600 kW
- By End User: Utilities, Oil And Gas, Mining, Construction, Manufacturing, Events and Hospitality, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global temporary power market in 2021.
Major Market Players in the temporary power market include Aggreko PLC, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC., Smart Energy Solutions, Speedy Hire, Cummins Inc., Hertz Corporation.
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 Global Market Report 2023 provides a temporary power market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The temporary power market forecast analyzes temporary power market size, temporary power market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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