Exploring Key Insights of the Temporary Power Market: Growth Prospects, Emerging Trends, and Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the temporary power market size evolved in recent years?
In recent years, the size of the temporary power market has been expanding quickly. It is expected to increase from $7.23 billion in 2024 to $8.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.0%. The significant growth in the preceding period is due to factors like the rise in construction activities, swift industrialization, occurrence of natural disasters, the events and entertainment industry, and infrastructure development.
What are the predictions for the temporary power market size in the coming years?
In the approaching years, a swift expansion is projected for the temporary power market, with an expected worth of $13.63 billion by 2029, and a compound annual growth rate (CAGR) of 13.7%. This expansion in the predicted period can be ascribed to the integration of renewable energy, development of remote and off-grid regions, initiatives for smart cities, and preparations for emergencies. Noteworthy trends for the forecast period encompass digitization and smart technologies, a growing appetite for sustainable solutions, emphasis on grid durability, adoption of modular power systems, and consolidation of the market and strategic partnerships.
Get your temporary power market report here!
https://www.thebusinessresearchcompany.com/report/temporary-power-global-market-report
What key factors are fueling the growth of the temporary power market?
The expected growth of the temporary power market is anticipated to be driven by the escalating activities in the construction sector. This industry encompasses a range of activities related to manufacturing and commerce such as infrastructure expansion, maintenance, refurbishment, and repair. With rapid urbanization and industrialization, construction activities have seen a significant surge. A temporary power supply is vital for the user to gain access to utilities such as electricity and water during construction or building activities. For instance, Oxford Economics, a UK-based firm offering economic information services, posits that the worth of construction work is set to increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, a rise largely attributed to the key construction markets of China, India, and the U.S. As such, the growth in construction activities is steering the surge in the temporary power market.
How is the global temporary power market divided into key segments?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7820&type=smp
Who are the key firms paving the way for growth 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
Which trends are expected to transform the temporary power market?
Technology advancements are becoming a predominant trend in the temporary power market. To secure their position in the market, major firms in the industry are especially invested in offering state-of-the-art solutions. As an illustration, Jackery Inc., a US firm known for its innovative portable power and green outdoor energy solutions, in September 2022 launched the Solar Generator 1000 Pro. This product, also known as Jackery Solar Generator 1000 Pro 800W, includes four SolarSaga 200W Solar Panels as well as the Jackery Explorer 1000 Pro Portable Power Station. It has the capability to charge up to 8 devices at a time via AC, DC, and USB ports. A standout feature is its rapid charging ability, as it can fully charge in only 1.8 hours when utilizing an AC outlet.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7820
What regions are contributing significantly to the growth of 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
Browse Through More Similar Reports By The Business Research Company:
Electric Power Generation, Transmission, And Distribution Global Market Report 2024
Power Generation, Transmission And Control Equipment Global Market Report 2024
Electric Power Transmission, Control, And Distribution Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
