Temporary Power Market size was valued at US$ 6.38 Bn. in 2021 and the total revenue is expected to grow at 10.6 % through 2022 to 2029, Temporary Power Market is reaching nearly US$ 14.28 Bn. by 2029.
Temporary Power Market OverviewIn the building, construction, and renovation industries, the use of temporary power is critical. While temporary power sources save money on electricity, they must be installed in accordance with all applicable rules, standards, and laws. Temporary power is a self-contained source of electricity that provides power to various sectors in the event of blackouts or power outages. Aging power infrastructure, expanding building activity, and rising demand for reliable and continuous power are the main drivers of the temporary power market. Temporary power sources are expected to be in high demand in the near future in the temporary power industry because of the growing demand for efficient, faster, and specific needs of electricity. To know about the Research Methodology :- Request Free Sample Report
Global Temporary Power Market dynamics:The key drivers of the temporary power market include ageing power infrastructure, increased construction activity, and rising demand for reliable and uninterrupted electricity. Because of the growing demand for efficient, and specific needs of electricity, temporary power sources are expected to be in high demand in the near future in the temporary power industry. The utility category is predicted to increase significantly in the market over the forecast period, owing to temporary power source manufacturers' increasing reliance on demand from the utility sector. Construction and remodeling, mining, utilities, and other end-user segments have contained temporary power because it is ideal for supplying essential power in a cost-effective manner. The growth of temporary power has been stimulated by rising energy concerns and following government actions. According to a report by the European Commission, the European Union (EU) promised in December 2020 to reduce energy consumption by 20% by 2020 compared to baseline forecasts, with a binding aim of at least 32.5 % by 2030. While temporary power provides all-in-one solutions for space and time restrictions, low budgets, and energy waste, the future growth of temporary power sources is expected to be constrained by a few factors. Renewable energy plants, for example, which are the primary sources of temporary power, have a number of limitations, such as changing weather patterns. On a cloudy day, solar-powered equipment would be reduced ineffectual, whereas wind-powered equipment would be made useless on a day. The temporary power market is expected to be limited by the growth of existing grid infrastructure, as well as the increased availability of power in larger cities in established and emerging nations.
Global Temporary Power Market Segmentation Analysis:Based on End user, the market is segmented into Utilities and Industrial, and Commercial. The utilities segment is leading the market in 2020. Companies in the utility industry look after the infrastructure that supports public services. The utility industry includes trades that supply fundamental services such as water, sewerage, electricity, and telecommunications. Utilities are the primary end-users of the temporary power market since they rely on temporary power to meet rising electricity demand during peak hours. In the temporary power market, the utility segment is expected to be leading. The requirement for temporary power sources is expected to increase over the forecast period, as a rising global population, fast urbanization, and industrialization offer an incremental demand for energy. The utility segment is instituting a market for temporary electricity as it continues to contend with insufficient power capacity and a widening gap between supply and demand.
Global Temporary Power Market Regional Analysis:The temporary power equipment makers are primed for growth in the United States, backed by the continuously growing utilities, oil & gas, and mining industries. According to the U.S. Geological Survey 2020, 23 commodities classified as essential minerals were studied, and the report noted that the mining industry in the United States has been increasing tremendously. With the country depend on mineral imports. With the increased demand for diesel generators, gas generators, and other temporary power sources, Germany is expected to continue its advantage. The rapid growth of the building and construction industries is expected to fuel demand for temporary power in Germany, while the events and hospitality industries, as well as the mining industry, are expected to contribute significantly to market revenue growth. The United Kingdom is expected to remain cost-effective for Europe's temporary power manufacturers, increased investments in the renewable energy industry are expected to help the leading market participants develop even faster. Renewables currently produces more than 20% of the UK's electricity, according to the Energy UK Organization, and this percentage is expected to reach close to 30% by 2020. Canada continues to be a profitable country in North America for temporary power. The rise of temporary power makers in Canada is expected to be fueled by increasing investment in various power plants, as well as high demand from the utilities business. The utilities industry in Canada accounts for roughly 2% of GDP growth, according to the North American Industry Classification System (NAICS), The Canadian electrical industry is estimated to invest US$ 293.8 billion through 2030, according to a report published by The Conference Board of Canada, to maintain current assets and meet market growth. According to the research, US$ 195.7 billion will be invested in generating, US$ 35.8 billion in transmission, and US$ 62.3 billion in distribution. The objective of the report is to present a comprehensive analysis of the global Temporary Power Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Temporary Power Market dynamics, structure by analyzing the market segments and project the global Temporary Power Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Temporary Power Market make the report investor’s guide.
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Global Temporary Power Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.38 Bn. Forecast Period 2022 to 2029 CAGR: 10.6 % Market Size in 2029: US $ 14.28 Bn. Segments Covered: by Fuel type • Diesel • Gas • Others by End user • Utilities • Commercial and Industrial
Global Temporary Power Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Global Temporary Power Market, Key Players• Larson Electronics LLC • Cummins, Inc. • Aggreko Plc. • Energyst B.V. • SES Smart Energy Solutions FZCO • Hybrid Power Hire • Bennett Engineering LLC • Sudhir Rental Solution • Ashtead Group plc. • Enerwhere • Altaaqa Global • APR Energy • Kohler Co. • Caterpillar Inc. • Trinity Power Jacobsen (Textron Company) Frequently Asked Questions: 1) What was the market size of Global Temporary Power Market in 2021? Ans - Global Global Temporary Power Market was worth US$ 6.38 Bn. 2021. 2) What is the market segment of the Temporary Power Market? Ans -The market segments are based on Fuel type and End user 3) What is the forecast period considered for Global Temporary Power Market? Ans -The forecast period for Global Temporary Power Market is 2022 to 2029. 4) What is the market size of Global Temporary Power Market in 2029? Ans – Global Temporary Power Market is estimated as worth US$ 14.28 Bn. 5) Which region is dominated in Global Temporary Power Market? Ans -In 2021, North America region dominated the Global Temporary Power Market.
1. Global Temporary Power Market : Research Methodology 2. Global Temporary Power Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Temporary Power Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Temporary Power Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Temporary Power Market Segmentation 4.1. Global Temporary Power Market ,by Fuel type (2021-2029) • Diesel • Gas • Others 4.2. Global Temporary Power Market ,by End user (2021-2029) • Utilities • Commercial and Industrial 5. North America Temporary Power Market (2021-2029) 5.1. North America Temporary Power Market ,by Fuel type (2021-2029) • Diesel • Gas • Others 5.2. North America Temporary Power Market ,by End user (2021-2029) • Utilities • Commercial and Industrial 5.3. North America Temporary Power Market , by Country (2021-2029) • US • Canada • Mexico 6. European Temporary Power Market (2021-2029) 6.1. European Temporary Power Market ,by Fuel type (2021-2029) 6.2. European Temporary Power Market ,by End user (2021-2029) 6.3. European Temporary Power Market ,by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Temporary Power Market (2021-2029) 7.1. Asia Pacific Temporary Power Market ,by Fuel type (2021-2029) 7.2. Asia Pacific Temporary Power Market ,by End user (2021-2029) 7.3. Asia Pacific Temporary Power Market ,by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Temporary Power Market (2021-2029) 8.1. Middle East and Africa Temporary Power Market ,by Fuel type (2021-2029) 8.2. Middle East and Africa Temporary Power Market ,by End user (2021-2029) 8.3. Middle East and Africa Temporary Power Market ,by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Temporary Power Market (2021-2029) 9.1. Latin America Temporary Power Market ,by Fuel type (2021-2029) 9.2. Latin America Temporary Power Market ,by End user (2021-2029) 9.3. Latin America Temporary Power Market ,by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Larson Electronics LLC 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Cummins, Inc. 10.3. Aggreko Plc. 10.4. Energyst B.V. 10.5. SES Smart Energy Solutions FZCO 10.6. Hybrid Power Hire 10.7. Bennett Engineering LLC 10.8. Sudhir Rental Solution 10.9. Ashtead Group plc. 10.10. Enerwhere 10.11. Altaaqa Global 10.12. APR Energy 10.13. Kohler Co. 10.14. Caterpillar Inc. 10.15. Trinity Power 10.16. Jacobsen (Textron Company)