Press release
A Deep Dive into Temporary Power Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Temporary Power Market
The surge in construction activity is anticipated to boost the expansion of the temporary power market. The construction sector encompasses an array of industrial manufacturing and trade-centric operations such as development of infrastructure, repairs, renovations, and maintenance. Owing to accelerated industrialization and urbanization, construction activities are experiencing a steady uptick. Utilizing a temporary power supply can aid in obtaining necessary utilities like electricity and/or water for construction or building-related activities. Case in point, Oxford Economics, a UK-based economic information service provider, in March 2023, projected a rise in construction work value from $9.7 trillion in 2022 to $13.9 trillion by 2037, primarily owing to the substantial construction markets in China, the U.S., and India. Consequently, the rising construction activity is catalyzing the growth of the temporary power market.
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What is the projected compound annual growth rate (CAGR) of the temporary power market from 2025 to 2034, and what factors influence it?
The size of the temporary power market has expanded swiftly in the last few years. By 2024, it is expected to escalate from $7.23 billion to $8.17 billion in 2025, revealing a compound annual growth rate (CAGR) of 13.0%. Factors contributing to growth during the historic period include an increase in construction projects, accelerated industrialization, natural calamities, events and entertainment industry developments, and infrastructure advancements.
The market size for temporary power is projected to experience fast-paced expansion in the coming years, escalating to a worth of $13.63 billion by 2029. This reflects a Compound Annual Growth Rate (CAGR) of 13.7%. Factors contributing to the growth during the projected period include the incorporation of renewable energy, development of remote and off-grid areas, endeavors for smart cities, and emergency readiness. The period is also expected to see significant trends such as the rise in digitization and smart technology, increased demand for sustainable solutions, attention on power grid resilience, use of modular power systems, and increased market consolidation and strategic alliances.
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How are the latest trends influencing the growth of the temporary power market?
In the temporary power market, a key trend that has gained significant traction is technological advancements. To consolidate their market dominance, several major corporations in this sector are prioritizing the development and delivery of sophisticated technological solutions. A case in point is Jackery Inc., an American firm known for its innovative portable power and eco-friendly outdoor energy solutions, which unveiled its Solar Generator 1000 Pro in September 2022. The Jackery Solar Generator 1000 Pro 800W, equipped with four SolarSaga 200W Solar Panels, and the Jackery Explorer 1000 Pro Portable Power Station, can power up to 8 gadgets at once through AC, DC, and USB ports. It also offers rapid charging and can reach full capacity in only 1.8 hours when using an AC outlet.
What are the major segments of the temporary power market and their role in driving growth?
The temporary power market covered in this report is segmented -
1) By Fuel Type: Diesel, Gas, Other Fuel Types
2) By Power Rating: Less than 80 kW, 81 kW-280 kW, 281 kW-600 kW, Above 600 kW
3) By End User: Utilities, Oil And Gas, Mining, Construction, Manufacturing, Events And Hospitality, Other End Users
Subsegments:
1) By Diesel: Diesel Generators, Diesel Engine Rentals
2) By Gas: Natural Gas Generators, Biogas Generators
3) By Other Fuel Types: Biofuel Generators, Hydrogen Generators, Propane Generators
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Which regions are key players in the growth of the temporary power market?
North America was the largest region in the temporary power market in 2024.Asia-Pacific is expected to be the fastest-growing region in the temporary power market share during the forecast period. The regions covered in the temporary power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the temporary power market?
Major companies operating in the temporary power market include Aggreko plc, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC, Smart Energy Solutions, Speedy plc, Cummins Inc., Hertz Corporation, Kohler Co., Bennett Engineering LLC, Altaaqa Global Energy Services, ATCO Ltd., Power Electrics Ltd., Larson Electronics LLC, SES Smart Energy Solutions FZCO, Enerwhere Holdings LLC, Bredenoord B. V., Byrne Equipment Rental LLC, Carrier Rental Systems Inc., Doosan Portable Power, Energyst BV, HIMOINSA S. L., Ingersoll-Rand Company, J. C. Bamford Excavators Limited, MTU Onsite Energy Corporation, Rental Solutions & Services LLC, Generac Holdings Inc., Wärtsilä Oyj Abp, Wacker Neuson SE, Ring Power Corporation
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What Is Covered In The Temporary Power Global Market Report?
•Market Size Forecast: Examine the temporary power market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the temporary power market for a structured understanding.
•Key Players Overview: Analyze major players in the temporary power market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the temporary power market.
•Segment Contributions: Evaluate how different segments drive overall growth in the temporary power market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the temporary power market.
•Industry Challenges: Identify potential risks and obstacles affecting the temporary power market.
•Competitive Landscape: Review strategic developments in the temporary power market, including expansions, agreements, and new product launches.
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