Global Temporary Power Market

Global Temporary Power Market Size, Share, Growth Analysis, By Power Source(Diesel Generators, Gas Generators), By End Use(Utilities, Oil & Gas) - Industry Forecast 2024-2031

Report ID: SQMIG55E2041 | Region: Global | Published Date: March, 2024
Pages: 160 | Tables: 66 | Figures: 74

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FAQs

Global temporary power market size was valued at USD 4.7 billion in 2022 and is poised to grow from USD 5.22 billion in 2023 to USD 12.02 billion by 2031, growing at a CAGR of 11% in the forecast period (2024-2031).

Temporary power companies can bolster their rental and leasing services by introducing new offers and providing highly affordable services. Temporary power market players can target developing economies to maximize their revenue generation potential and bolster global market presence as well. Temporary power providers can also develop and offer customized temporary power solutions for industries and other end users to amplify their business reach. Mergers, collaborations, acquisitions, and partnerships are also estimated to be popular strategies among temporary power companies to enhance their market presence on a global and regional level. 'Aggreko Ltd.', 'Atlas Copco', 'Kohler Co., Inc', 'Bennett Engineering LLC', 'Enerwhere', 'APR Energy', 'EcoFlow', 'Smart Energy Solutions', 'United Rentals Inc.', 'Altaaqa Global', 'Enerwhere', 'Larson Electronics', 'Caterpillar inc.', 'Vertiv', 'Energyst', 'Ashtead Group', 'Ericson Plc.', 'Rental Solutions & Services LLC.', 'Cummins Inc.'

Infrastructure development is rising rapidly around the world, and this is projected to bolster the demand for temporary power solutions over the coming years as more people demand uninterrupted power supply. High demand for continuous power in this increasing infrastructural landscape will primarily drive temporary power market growth going forward.

Integration of Smart Technologies: Temporary power providers can integrate advanced and smart technologies in their products and services to optimize their efficiency and performance. Companies can also attract tech-savvy customers through this move. For instance, the use of artificial intelligence algorithms could optimize the efficiency of temporary power solutions and help comply with changing sustainability mandates as well.

North America is the dominant market for temporary power solution suppliers. North America holds the major share of the global temporary power market. The ongoing robot construction activities and increasing demand from the oil and gas sectors are boosting the sales of reliable power supply systems. The presence of key markets particularly the United States and Canada is boosting the demand for temporary power solutions. Strict environmental regulations are increasing the adoption of sustainable temporary power solutions in the region.

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