Temporary Power Market Revenue, Regional Demands, Industry Size, Growth Dynamics, Top Players Technology, Future Trends and Global Forecast 2030

Temporary Power Market Analysis:

The Temporary Power Market Size is expected to reach USD 11,581.7 Million at a CAGR of 11% in the forecast period 2022-2030. 

The temporary power market refers to the provision of power solutions on a short-term basis. It is characterized by the rental or leasing of power equipment, such as generators, to meet the power needs of businesses, events, and industries that require a temporary power source.

The temporary power market has been growing steadily over the years, driven by factors such as increasing demand for reliable power supply, the rise in construction and infrastructure development activities, and the need for power backup during emergencies.

Key Players: 

Some of the leaders driving the global temporary power market includes,

• Ashtead Group Plc (UK)
• Aggreko PLC (UK)
• Caterpillar Inc. (US)
• Speedy Hire (US)
• Hertz Corporation (US)
• Smart Energy Solutions (UAE)
• United Rentals (US)
• Power Electrics (UK)
• Cummins Inc. (US)
• APR Energy Inc. (US)
• Kohler (US) and Rental Solutions Services (UAE).

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The Increasing construction and infrastructural activities along with the lack of electricity supply to back up those infrastructural expansions are expected to drive the market growth to an extent.

Also, the upcoming planned events worldwide, are expected to foster the market growth, fueling the demand for temporary power systems. The lack of permanent power supply facilities in some of the regions especially in the developing nations is providing impetus to the market growth, fulfilling the needs of the increasing population and urbanization. Simultaneously, the rapid automation of industrial activities is leading to the huge demand for reliable power backup, further adding to the growth of the temporary power market. Market trends indicate that industrial infrastructure is due for replacement if production levels and operational efficiency have to be maintained.

On the other hand, hazards associated with the distribution of electricity to these power outlets, in case of the fatalities linked to the improper design, installation, and use of temporary power at construction sites, are expected to obstruct the market growth.

companies active in supplying the temporary power have been designing and installing systems for the construction industry for almost three decades. From residential homes to commercial developments and civil engineering projects, these companies provide with the temporary power system needed and provide services like installation of power poles, hanging over, to name a few.

Global Temporary Power Market   – Segmentation

The MRFR analysis is segmented into four key dynamics for the convenience of understanding;

• By Fuel Types: Comprises Diesel, and Gas among others.
• By Generator Ratings: Less than 80 kW, 81-280 kW, and More than 280 kW.
• By End-Uses: Events, Construction, and Mining, among others.
• By Regions: North America, Europe, APAC and the Rest-of-the-World.

Global Temporary Power Market   – Regional Analysis 

The North American region is expected to retain its dominance over the global temporary power market attributing to the aging power transmission and distribution systems, leading to frequent power outages.  Also, the upsurge in the construction activities in the region is expected to drive the market growth.

The market in the Asia Pacific region is emerging as another lucrative market for temporary power due to the unavailability of proper access to the electricity mainly in the underdeveloped regions. Several countries in the APAC region still do not have 100% access to the electricity. These factors are estimated to augment the demand in the temporary power market during the forecast period.

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Industry/ Innovation/ Related News

August 28, 2018 – Larson Electronics LLC (US), a global leader of industrial lighting launched a portable power distribution substation that provides operators with the flexibility to utilize 480V AC three-phase power current to energies 208Y/120V AC three-phase equipment on a single system.

The new 100-amp 75KVA power distribution panel contains three 100-amp time delay fuses, and twelve 50-amp 2-pole 250V breakers on the secondary side, protecting twelve 50-amp 250V CS8269 receptacles. The unit is ideal for indoor and outdoor use in plant turnarounds, shipyards, and other temporary industrial applications.

The Report Answers Following Questions:

1. What are the key drivers of this market growth?
2. What are the emerging trends that could impact the demand for this industry in the future?
3. How will market evolve over the next 5-10 years?
4. What strategies do you think companies should adopt to meet the demand and capitalize on market growth opportunities?
5. What will be the future growth rate of the market?
6. What is the current demand for this market?

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About:

Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.

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