Temporary Power Market Size Worth $11.76 Billion By 2032 | CAGR: 5.9%

The global temporary power market size is expected to reach USD 11.76 Billion by 2032, according to a new study by Polaris Market Research. The report “Temporary Power Market Share, Size, Trends, Industry Analysis Report, By Fuel Type (Gas, diesel, others); By Power Rating (Less than 80 Kw, 81 to 280 Kw, more than 280 Kw); By End-User; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Temporary power systems are installed to reduce potential losses resulting from sudden disruptions in conventional power supply. These systems find application in various settings such as ships, submarines, telecommunication equipment, laboratories, and hospitals. They prove essential when the primary power source is lost due to events like grid failure, blackouts, or adverse weather conditions. In environments like ships and airplanes, temporary power systems serve as the primary power source, periodically replaced, or recharged as needed.

For instance, in 2020, Caterpillar Inc. launched two generator sets, a Cat 3516E diesel generator and a Cat G3520 gas generator set, which are suitable for hospitals.

The surge in global energy demand, coupled with the continuous rise in fuel prices, has led to a shift in energy preferences towards renewable resources. In response to the intermittency risks posed by weather-related uncertainties, renewable energy plants are increasingly incorporating temporary power sources like diesel and gas generators. This strategic integration aims to ensure a consistent energy supply and enhance long-term energy security. These trends are expected to drive the demand for temporary power sources and contribute to the growth of the utility segment in the forecast period.

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North America emerged as the top revenue generator in the worldwide temporary power industry, driven by a growing demand for power in the healthcare, utilities, and industrial sectors within the region. The United States notably claimed the largest share in the temporary power market, attributed to the expansion in construction and infrastructure development activities. Asia Pacific has seen an upward trajectory due to the growing economy and developments in infrastructure. Asian region consists of less developed areas which require the temporary power sources the most..

Temporary Power Market Report Highlights

• The diesel segment accounted for the largest share due to high availability and familiarity in the temporary power market.
• 80 kW to 280 kW segment holds the largest share in the temporary power market due to its ideal size and usage for small and medium segments.
• 280 kW and above segment is growing the fastest due to its high requirement in heavy-duty sectors such as construction.
• Utilities segment holds the largest share due to lack of electricity in developing regions
• The healthcare segment is anticipated to have the fastest growth due to its improved technologies and requirement for reliable sources.
• North America region holds the largest temporary power market share due to constant advancements in the construction and utilities sector, which require continuous sources of power.
• Asia pacific region to grow the fastest due to improving infrastructure in developing economies.
• The global key market players include Advent Technologies, Aggreko PLC, Ashtead Group PLC, Atlas Copco CB, Caterpiller Inc, Cummins Inc, Diamond Environmental Services LLC, Hertz Equipment Rental Corporation, Kohler Co, Smart Energy Solutions, Speddy Hire PLC, United Rentals

Polaris Market Research has segmented the temporary power market report based on fuel type, power rating, end user, and region:

Temporary Power Market, Fuel Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Gas
• Diesel
• Others

Temporary Power Market, Power Rating Outlook (Revenue - USD Billion, 2019 - 2032)

• Less than 80 kW
• 81 to 280 kW
• More than 280 kW

Temporary Power Market, End User Outlook (Revenue - USD Billion, 2019 - 2032)

• Retail
• Healthcare
• Manufacturing
• Utilities
• Oil and Gas
• Mining
• Others

Temporary Power Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Temporary Power Market Report Scope