The global temporary power market is estimated to occupy a sizeable revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the escalating infrastructure and construction activities around the world, and increasing number of planned events, thereby triggering a high electricity demand. Apart from these, growing reliance on renewable energy resources, coupled with rising fuel prices and imposition of strict emission standards are also expected to drive market growth in the forthcoming years.
Research Nester published a report titled “Temporary Power Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global temporary power market in terms of market segmentation by fuel type, power rating, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global temporary power market is segmented by fuel type, power rating and end user. Based on power rating, the above 600 kW segment is anticipated to grab the largest market share during the forecast period on the back of the escalating demand for power generators with a range of 600 kW and above in a wide range of industries. Additionally, on the basis of end user, the utilities segment is projected to occupy the most significant share over the forecast period attributing to the surge in rate of urbanization and industrialization, and aging power grid infrastructure.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is assessed to acquire the largest market share during the forecast period attributing to the growing power demand and strong presence of major market players in the region. Moreover, the market in Asia Pacific is evaluated to noteworthy growth by the end of 2030, which can be credited to the low rate of electrification and presence of outdated grid infrastructure in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Number of Construction and Infrastructure Activities Globally to Accelerate Market Growth
Over the last two decades, the world is witnessing a surge in the rate of urbanization and industrialization as a result of rapid growth in the global population. This has led to an increase in the demand for electricity, which is predicted to raise the need for high power generation during peak hours of industrial and commercial loads. This in turn is assessed to drive the growth of the market in the near future.
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However, expansion of existing grid infrastructure is expected to operate as key restraint to the growth of the global temporary power market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global temporary power market which includes company profiling of Cummins Inc., Aggreko plc, APR Energy Ltd, Caterpillar Inc., Kohler Co., Larson Electronics LLC, Ashtead Group PLC., Speedy Hire PLC., United Rentals Inc., Hertz Equipment Rental Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global temporary power market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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