All updated as on -
It was predicted that by 2022, the temporary power market would be worth $4.8 billion. Over the five-year projection period (2023-2030), the market for temporary power is projected to develop from USD 5.6 billion in 2023 to USD 12.0 billion in 2030, a CAGR of 12.0%. Increasing building work, more widespread industrialisation, and a greater need for reliable electricity generation in manufacturing are driving the industry forward.
In the event of an emergency, blackout, or power outage, temporary power can be used to keep the lights on and the machines running in a variety of settings. Urgent situations in places like hospitals, mines, and sewage treatment facilities necessitate backup power sources. Factors such as an uptick in infrastructure projects, a scarcity of power sources, and the demand for electricity in outlying areas are driving market growth. The requirement for reliable and continuous electricity, along with an ageing power infrastructure, are driving factors in the temporary power market. Portable inverter generators are expected to increase in popularity in the next years as a result of the rising demand for efficient, quicker, and unique electrical needs. As a result of rising fuel prices, harsher pollution restrictions, and increased global energy demand, the temporary power business is expected to profit from an increasing reliance on renewable energy sources. The widespread use of temporary power systems that are mobile, hybrid, and transportable is anticipated to be profitable for the market in the future.
The annual growth rate of the market for temporary power is being propelled by the growing need for a stable supply of electricity. During power outages and blackouts, temporary power becomes a necessity. This drives up the demand for backup generators. There is a growing demand for temporary power due to the rising price of electricity, the disruption of daily activities, and the negative impact of blackouts on the national economy. Temporary electricity has many advantages over permanent power, including its sustainability, reliability, and efficiency. Growth in building and infrastructure spending, coupled with inadequate electricity infrastructure and an increasing number of events, is propelling the temporary power market. High fuel efficiency, higher power output, and lower running costs are all factors that have raised the need for temporary electricity. As a result of its convenience and low cost, it is gaining popularity across a wide variety of end-user industries. These industries include construction, mining, utilities, and many more. Developed and developing countries alike are taking the initiative to address and mitigate energy-related problems. The rise of digitalization, the internet, and online commerce has increased the load on data centres to maintain constant electricity for online stores.
The failing power grid has had an effect on the temporary power market. In order to fulfil the rising need for temporary electricity, the old power infrastructure is being rebuilt because it is unreliable and does not provide power backups. These short-term power sources are limitless and well investigated, providing the market with lucrative opportunities for producers, suppliers, and traders. There are a number of benefits to using temporary power rather than permanent electricity. Temporary electricity is the most reliable alternative to a permanent power source. Backup power can come from batteries, uninterruptible power supplies (UPS), generators, or a combination of these. With a reliable power source, it saves money and makes more time available for manufacturing. Shortages in rapidly industrialising Asia and Sub-Saharan Africa, as well as antiquated power grids in the world's wealthiest countries, can be traced back to the volatile power market. Due to factors including population growth, improving economies, increasing urbanisation, and widespread power shortages resulting from poor planning and underinvestment, the market is booming. contributing to the growth of the temporary power industry's bottom line.
Rapid industrial expansion and rising construction spending have increased demand for temporary electricity, which in turn is fueling the market. The temporary power demand is rising due to the increasing number of events that require a constant supply of electricity, such as international athletic events and musical concerts. The market for temporary electricity is being bolstered by an uptick in oil and gas exploration, maritime trade, and marine activities. Strict emission laws are projected to impede the expansion of the temporary power industry because many temporary power suppliers utilise diesel generators, which produce a wide variety of dangerous gases, leading to an increase in GHG emission. As renewable energy technology has improved, its use has expanded, putting a damper on the market for short-term electricity.
There has been a lot of expansion in the market recently. Temporary power solutions are in high demand across industries thanks to India's burgeoning economy, rapid urbanisation, and expanding infrastructure development. Many outlying sections of this country lack access to consistent energy because they are too far from the main grid. Temporary power solutions, such as solar-powered generators and microgrids, provide electricity for community centres, hospitals, and homes in these locations.
Demand for temporary power solutions has increased as a result of India's ambitious aspirations to build smart cities, transit networks, and power projects. Temporary power suppliers play an important role in ensuring construction sites have access to reliable power sources necessary to run their operations.
Report Coverage
Global Temporary Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Temporary Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Temporary Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Temporary Power market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Temporary Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Temporary Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ericson Plc., Vertiv, United Rentals Inc, Enerwhere, EcoFlow, Aggreko Ltd, Atlas Copco, Caterpillar Inc., Cummins Inc, Kohler Co., Inc, Smart Energy Solutions, Rental Solutions & Services LLC., Trinity Power Rentals, Diamond Environmental Services
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Temporary Power market based on the below-mentioned segments:
Global Temporary Power Market, By Type
Diesel
Gas
Renewable
Others
Global Temporary Power market, By Application
Events
Utilities
Oil & Gas
Construction
Mining
Manufacturing
Shipping
Others
Global Temporary Power market, Regional Analysis
In the event of an emergency, blackout, or power outage, temporary power can be used to keep the lights on and the machines running in a variety of settings. Urgent situations in places like hospitals, mines, and sewage treatment facilities necessitate backup power sources. Factors such as an uptick in infrastructure projects, a scarcity of power sources, and the demand for electricity in outlying areas are driving market growth. The requirement for reliable and continuous electricity, along with an ageing power infrastructure, are driving factors in the temporary power market. Portable inverter generators are expected to increase in popularity in the next years as a result of the rising demand for efficient, quicker, and unique electrical needs. As a result of rising fuel prices, harsher pollution restrictions, and increased global energy demand, the temporary power business is expected to profit from an increasing reliance on renewable energy sources. The widespread use of temporary power systems that are mobile, hybrid, and transportable is anticipated to be profitable for the market in the future.
The annual growth rate of the market for temporary power is being propelled by the growing need for a stable supply of electricity. During power outages and blackouts, temporary power becomes a necessity. This drives up the demand for backup generators. There is a growing demand for temporary power due to the rising price of electricity, the disruption of daily activities, and the negative impact of blackouts on the national economy. Temporary electricity has many advantages over permanent power, including its sustainability, reliability, and efficiency. Growth in building and infrastructure spending, coupled with inadequate electricity infrastructure and an increasing number of events, is propelling the temporary power market. High fuel efficiency, higher power output, and lower running costs are all factors that have raised the need for temporary electricity. As a result of its convenience and low cost, it is gaining popularity across a wide variety of end-user industries. These industries include construction, mining, utilities, and many more. Developed and developing countries alike are taking the initiative to address and mitigate energy-related problems. The rise of digitalization, the internet, and online commerce has increased the load on data centres to maintain constant electricity for online stores.
The failing power grid has had an effect on the temporary power market. In order to fulfil the rising need for temporary electricity, the old power infrastructure is being rebuilt because it is unreliable and does not provide power backups. These short-term power sources are limitless and well investigated, providing the market with lucrative opportunities for producers, suppliers, and traders. There are a number of benefits to using temporary power rather than permanent electricity. Temporary electricity is the most reliable alternative to a permanent power source. Backup power can come from batteries, uninterruptible power supplies (UPS), generators, or a combination of these. With a reliable power source, it saves money and makes more time available for manufacturing. Shortages in rapidly industrialising Asia and Sub-Saharan Africa, as well as antiquated power grids in the world's wealthiest countries, can be traced back to the volatile power market. Due to factors including population growth, improving economies, increasing urbanisation, and widespread power shortages resulting from poor planning and underinvestment, the market is booming. contributing to the growth of the temporary power industry's bottom line.
Rapid industrial expansion and rising construction spending have increased demand for temporary electricity, which in turn is fueling the market. The temporary power demand is rising due to the increasing number of events that require a constant supply of electricity, such as international athletic events and musical concerts. The market for temporary electricity is being bolstered by an uptick in oil and gas exploration, maritime trade, and marine activities. Strict emission laws are projected to impede the expansion of the temporary power industry because many temporary power suppliers utilise diesel generators, which produce a wide variety of dangerous gases, leading to an increase in GHG emission. As renewable energy technology has improved, its use has expanded, putting a damper on the market for short-term electricity.
There has been a lot of expansion in the market recently. Temporary power solutions are in high demand across industries thanks to India's burgeoning economy, rapid urbanisation, and expanding infrastructure development. Many outlying sections of this country lack access to consistent energy because they are too far from the main grid. Temporary power solutions, such as solar-powered generators and microgrids, provide electricity for community centres, hospitals, and homes in these locations.
Demand for temporary power solutions has increased as a result of India's ambitious aspirations to build smart cities, transit networks, and power projects. Temporary power suppliers play an important role in ensuring construction sites have access to reliable power sources necessary to run their operations.
Report Coverage
Global Temporary Power research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Temporary Power report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Temporary Power competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Temporary Power market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ericson Plc., Vertiv, United Rentals Inc, Enerwhere, EcoFlow, Aggreko Ltd, Atlas Copco, Caterpillar Inc., Cummins Inc, Kohler Co., Inc, Smart Energy Solutions, Rental Solutions & Services LLC., Trinity Power Rentals, Diamond Environmental Services |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Temporary Power Market from 2021 to 2030.
- Market Forecast for Temporary Power Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Temporary Power competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Temporary Power
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Temporary Power market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Temporary Power market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ericson Plc., Vertiv, United Rentals Inc, Enerwhere, EcoFlow, Aggreko Ltd, Atlas Copco, Caterpillar Inc., Cummins Inc, Kohler Co., Inc, Smart Energy Solutions, Rental Solutions & Services LLC., Trinity Power Rentals, Diamond Environmental Services
Primary Target Market
- Market Players of Temporary Power
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Temporary Power market based on the below-mentioned segments:
Global Temporary Power Market, By Type
Diesel
Gas
Renewable
Others
Global Temporary Power market, By Application
Events
Utilities
Oil & Gas
Construction
Mining
Manufacturing
Shipping
Others
Global Temporary Power market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive temporary power market market research and competitor analysis for your business to help you develop more profound insights into the temporary power market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the temporary power market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.