Global Temporary Power Market Growth (Status and Outlook) 2023-2029

Global Temporary Power Market Growth (Status and Outlook) 2023-2029

Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply.

Increasing power demand, lack of grid stability & support and low electrification rates are the major driving factors of the power rental market in the utilities segment. Lacking of electricity access, aging T&D infrastructure are driving the market for power rental solutions. The rise in construction and infrastructural activities are driving the market for power rental solutions. Increasingly frequent business activities are also a stimulating factor.

LPI (LP Information)' newest research report, the “Temporary Power Industry Forecast” looks at past sales and reviews total world Temporary Power sales in 2022, providing a comprehensive analysis by region and market sector of projected Temporary Power sales for 2023 through 2029. With Temporary Power sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Temporary Power industry.

This Insight Report provides a comprehensive analysis of the global Temporary Power landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Temporary Power portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Temporary Power market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Temporary Power and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Temporary Power.

The global Temporary Power market size is projected to grow from US$ 11790 million in 2022 to US$ 20050 million in 2029; it is expected to grow at a CAGR of 7.9% from 2023 to 2029.

Global Temporary Power key players include Aggreko, Cummins, Caterpillar, United Rentals, etc. Global top four manufacturers hold a share about 15%.

North America is the largest market, with a share about 30%, followed by Europe and China, both have a share about 40 percent.

In terms of product, Diesel is the largest segment, with a share about 90%. And in terms of application, the largest application is Government & Utilities, followed by Oil & Gas, Events, Construction, Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Temporary Power market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Diesel

Gas & HFO & Petrol

Segmentation by application

Government & Utilities

Oil & Gas

Events

Construction

Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Aggreko

Cummins

Caterpillar

United Rentals

APR Energy

Ashtead Group

Sudhir Power Ltd.

Atlas Copco

Herc Holdings Inc

Power Electrics

Generator Power

Speedy Hire

HSS

Shaanxi Communication Power Technology Co., Ltd.

Trinity Power Rentals

Diamond Environmental Services

Rental Solutions & Services

Quippo Energy

Temp-Power

Please note: The report will take approximately 2 business days to prepare and deliver.