Global Temporary Power Market size and share is currently valued at USD 7.41 billion in 2024 and is anticipated to generate an estimated revenue of USD 11.76 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The temporary power market plays a critical role in addressing the growing demand for reliable electricity supply in a variety of applications, ranging from construction and manufacturing to events and emergency response. This market encompasses the provision of power generation, distribution, and backup systems to ensure uninterrupted operations during planned or unforeseen outages. With a robust ecosystem of generators, transformers, and ancillary equipment, temporary power solutions cater to diverse industries, supporting both short-term and long-term power needs.
Market’s Growth Drivers:
The temporary power market is experiencing substantial growth, driven by several key factors:
- Infrastructure Development Projects
The expansion of infrastructure in developing economies is a major driver for temporary power demand. Construction projects often require a stable power supply in remote or off-grid areas where permanent power infrastructure is unavailable. - Increasing Frequency of Natural Disasters
Climate change has led to a rise in natural disasters, such as hurricanes, floods, and wildfires, disrupting the electrical grid. Temporary power solutions are critical in such scenarios to ensure immediate restoration of power for relief operations. - Growing Industrialization
Rapid industrialization, particularly in emerging markets, necessitates temporary power solutions for seamless operations in sectors like manufacturing, oil and gas, and mining. - Rising Dependence on Data Centers
The proliferation of digitalization has heightened the demand for reliable backup power solutions to maintain data center uptime, contributing significantly to the market’s growth.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/temporary-power-market/request-for-sample
Some of the major players operating in the global market include:
- Advent Technologies
- Aggreko PLC
- Ashtead Group PLC
- Atlas Copco CB
- Caterpiller Inc
- Cummins Inc
- Diamond Environmental services LLC
- Hertz Equipment Rental Corporation
- Kohler Co
- Smart Energy Solutions
- Speddy Hire PLC
- United Rentals
Recent Developments:
- July 2023: United Rentals launched innovative rental power solutions aimed at helping rental companies expand their temporary power offerings and enhance service capabilities.
- December 2023: Advent Technologies unveiled portable clean power solutions designed to support construction projects and electric vehicle (EV) charging, emphasizing sustainability and efficiency.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Temporary Power Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Temporary Power Market, Fuel type Outlook (Revenue – USD Billion, 2019-2032)
- Gas
- Diesel
- Others
Temporary Power Market, Power Rating Outlook (Revenue – USD Billion, 2019-2032)
- Less than 80 kW
- 81 to 280 kW
- More than 280 kW
Temporary Power Market, End-User Outlook (Revenue – USD Billion, 2019-2032)
- Retail
- Healthcare
- Manufacturing
- Utilities
- Oil and Gas
- Mining
- Others
The temporary power market is poised for continued growth as industries increasingly rely on flexible and reliable power solutions to support their operations. With technological advancements and a shift towards sustainable energy sources, the market is set to transform further, addressing the evolving needs of a dynamic global landscape.