Market Size of Temporary Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Temporary Power Market Analysis
The temporary power market is expected to record a CAGR of more than 4.5% during the forecast period 2022-2027. The outbreak of COVID-19 in Q1 2020 negatively impacted the global temporary power market. The partial or complete lockdowns in various countries indirectly or directly affected several industries and caused disruptions in vendor operations, project completions, supply chains, and product commercialization, among other activities. For instance, Doosan Bobcat North America suffered from a temporary suspension of production at its manufacturing facilities in response to the impact of the COVID-19 pandemic. The key drivers of the temporary power market include aging power infrastructure, rising construction activities, and increasing demand for reliable and continuous power. Due to the growing demand for efficient, faster, and unique electricity needs, temporary power sources are likely to be sought after over the short-term period. However, the expansion of existing grid infrastructure and the increasing availability of power in larger cities of developed and emerging economies is likely to hinder the temporary power market.
The utility segment is expected to witness significant growth in the market during the forecast period due to the increasing reliance of temporary power source manufacturers on demand from the utility sector.
Growing reliance on renewable energy sources against rising fuel prices, stringent emission standards, and increasing global energy demand is expected to benefit the temporary power market. In addition, mobile, hybrid, and portable installations of temporary power systems are expected to create a potential opportunity for the temporary power market in the future.
Asia-Pacific is expected to witness the fastest growth in the temporary power market during the forecast period.
Temporary Power Industry Segmentation
The temporary power market report includes:
| Fuel Type | |
| Diesel | |
| Gas | |
| Other Fuel Types |
| End User | |
| Utilities | |
| Commercial and Industrial |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Temporary Power Market Size Summary
The temporary power market is poised for growth, driven by factors such as aging power infrastructure, increasing construction activities, and the rising demand for reliable power sources. The market experienced setbacks due to the COVID-19 pandemic, which disrupted operations and supply chains. However, the demand for temporary power solutions is expected to rise as industries seek efficient and quick electricity solutions. The utility sector is anticipated to be a significant contributor to market expansion, as it relies heavily on temporary power to meet peak electricity demands. The shift towards renewable energy, influenced by rising fuel prices and stringent emission standards, is also expected to bolster the market, with mobile and portable power installations offering new opportunities.
The Asia-Pacific region is projected to experience the fastest growth in the temporary power market, fueled by factors such as industrialization, poor grid infrastructure, and increasing energy demands. Countries like India and China are expected to see heightened demand for temporary power solutions due to ongoing development activities and the need for power during peak demand periods. The region's growing renewable energy projects further drive the need for temporary power sources to ensure energy security and address grid intermittency. The market remains fragmented, with key players like Aggreko PLC, Cummins Inc., and Caterpillar Inc. actively participating in the market, while new entrants like EcoFlow aim to expand their presence by promoting greener technologies.
Temporary Power Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Diesel
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2.1.2 Gas
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2.1.3 Other Fuel Types
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2.2 End User
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2.2.1 Utilities
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2.2.2 Commercial and Industrial
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 South America
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2.3.5 Middle-East and Africa
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Temporary Power Market Size FAQs
What is the current Temporary Power Market size?
The Temporary Power Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Temporary Power Market?
Aggreko plc, Cummins Inc. , APR Energy Ltd , Caterpillar Inc. and Kohler Co. are the major companies operating in the Temporary Power Market.
