Temporary Power

Temporary Power

Global Temporary Power Market to Reach US$13.8 Billion by 2030

The global market for Temporary Power estimated at US$7.0 Billion in the year 2023, is expected to reach US$13.8 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2023-2030. Diesel Fuel Type Temporary Power, one of the segments analyzed in the report, is expected to record a 9.8% CAGR and reach US$8.5 Billion by the end of the analysis period. Growth in the Gas Fuel Type Temporary Power segment is estimated at 11.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 12.3% CAGR

The Temporary Power market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 9.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Global Temporary Power Market - Key Trends & Drivers Summarized

Temporary power systems refer to electrical energy sources that can be used when there is disruption of regular supply of electricity. In others words, these are emergency power solutions that come into play to offer electricity to critical systems when a grid breakdown happens. They are self-contained electric power sources, generated by batteries, UPS, or generators, and are used to prevent losses and risky situations that can happen on account of unexpected disruption of supply of electric power. Temporary power systems are portable and mobile and are made available on a rental basis. They find use in various application areas such as manufacturing, telecommunication, oil and gas, hospitals, utilities, mining, data centers, ships, and construction, among others. A temporary power source is a short term solution for situations in which there is no availability of a permanent source of power and also for construction projects and during events. It is also used for providing electricity for remote areas. Cost-effectiveness, energy efficiency and long term reliability are the major advantages with permanent power supply.

Technological advancements have played a significant role, with innovations leading to more efficient, cost-effective, and environmentally friendly power solutions. Innovations such as advanced solar-first battery generators are transforming the market. These portable generators provide long-distance power in challenging conditions and are a sustainable solution across various applications.  The market is witnessing the development and commercialization of next-generation generators with advanced features and capabilities. With low fuel consumption, high electricity efficiency, easy and low cost operations, next-generation generators are growing in prominence in the residential sector. The market is also seeing huge influx of smart generators capable of advanced capabilities. These new breed of connected smart generators can be monitored and even operated over the Internet. Some of the smart generators also have SIM connectivity in order to establish M2M connectivity with other connected residential electronic equipment.

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.

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.

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