Global Temporary Power Market Size By Type (Diesel, Gas & HFO & Petrol), By Application (Application I, Application II), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 20257 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:


The Global Temporary Power Market is projected to witness significant growth from 2023 to 2031. This market is primarily driven by rising construction activities, increasing occurrences of power outages due to natural disasters, and the expansion of critical industrial operations. Temporary power solutions provide essential power backup and ensure continuous operations across sectors, making them indispensable in industrial, construction, and emergency settings. With a surge in global demand for uninterrupted power, particularly in emerging economies, the adoption of temporary power solutions, including generators and mobile substations, is expected to grow at a healthy CAGR over the forecast period.

Drivers

Rising Industrial and Construction Activities: The increase in industrial projects and construction of infrastructure requires reliable temporary power solutions, particularly in regions with inconsistent grid connectivity.

Growing Demand in Emergency and Disaster Management: Natural disasters and unplanned power outages create demand for quick and reliable power solutions to support critical infrastructure and relief operations.

Technological Advancements: Innovations in generator efficiency and the introduction of eco-friendly, low-emission temporary power systems are further propelling market growth.

Restraints

High Operational and Maintenance Costs: Temporary power systems often involve high fuel and maintenance expenses, which can hinder adoption in price-sensitive markets.

Environmental and Regulatory Challenges: Regulatory restrictions on emissions and noise levels from temporary power sources pose challenges, especially in densely populated or environmentally sensitive regions.

Opportunity

Expansion in Renewable-Integrated Temporary Power Solutions: The shift towards sustainable energy sources provides opportunities for renewable-integrated solutions like solar and battery-powered temporary systems, reducing reliance on diesel generators and supporting carbon neutrality goals.

Market by System Type Insights

Among system types, the Diesel Generator segment holds the largest market share, driven by its reliability and availability for high-load applications. However, the Battery-Powered Segment is anticipated to witness the highest growth rate due to its eco-friendly nature, supported by government incentives promoting clean energy solutions.

Market by End-use Insights

In terms of end-use, Construction and Industrial Sectors remain the largest contributors, given the constant need for power in locations without reliable grid access. The Event & Entertainment Segment is also growing rapidly, as temporary power solutions are essential for large-scale events that require stable power for lighting, audio, and safety.

Market by Regional Insights

The Asia-Pacific region is expected to dominate the Global Temporary Power Market due to rapid industrialization, infrastructure projects, and the demand for stable power solutions across remote regions. North America and Europe are also significant contributors, driven by high demand for emergency power solutions and events, along with a strong focus on sustainable power solutions.

Competitive Scenario

Key players in the Global Temporary Power Market include Aggreko plc, Caterpillar Inc., Cummins Inc., United Rentals, Inc., APR Energy, and Ashtead Group plc. Major companies are focusing on innovations in eco-friendly solutions, strategic partnerships, and expanding their global reach. For instance, Aggreko launched a new line of hybrid generators in 2023, combining battery storage with diesel generators to reduce emissions and enhance fuel efficiency.

Scope of Work – Global Temporary Power Market

Report Metric

Details

Market Size (2023)

USD 9.5 billion

Projected Market Size (2031)

USD 15.2 billion

CAGR (2023-2031)

6.5%

Key Segments

System Type (Diesel, Gas, Battery-Powered), End-use (Construction, Industrial, Event & Entertainment)

Major Growth Drivers

Rising Construction Activities, Demand for Reliable Backup Power

Opportunities

Renewable-Integrated Temporary Power Solutions

Key Market Developments

2023: Aggreko launched hybrid generators to support carbon-reducing initiatives and improve fuel efficiency in temporary power solutions.

2024: Caterpillar Inc. expanded its generator line with a focus on integrating battery storage to enhance grid resiliency.

2025: APR Energy partnered with local governments in Asia-Pacific to deploy low-emission temporary power solutions in rural and industrial areas.

FAQs

What is the current market size of the Global Temporary Power Market?

The market size of the Global Temporary Power Market is valued at USD 9.5 billion in 2023.

What is the major growth driver of the Global Temporary Power Market?

Rising industrial and construction activities, alongside demand for reliable backup power during emergencies, are the major growth drivers.

Which is the largest region during the forecast period in the Global Temporary Power Market?

The Asia-Pacific region is expected to lead in market growth due to industrial expansion and demand for stable power solutions.

Which segment accounted for the largest market share in the Global Temporary Power Market?

The Diesel Generator segment currently holds the largest market share due to its reliability in heavy-load applications.

Who are the key market players in the Global Temporary Power Market?

Key players include Aggreko plc, Caterpillar Inc., Cummins Inc., United Rentals, Inc., APR Energy, and Ashtead Group plc. 

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