PUBLISHER: Grand View Research | PRODUCT CODE: 1530514
PUBLISHER: Grand View Research | PRODUCT CODE: 1530514
Temporary Power Market Size & Trends
The global temporary power market size was estimated at USD 5.27 billion in 2023 and is estimated to grow at a CAGR of 8.7% from 2024 to 2030. The temporary power industry is experiencing significant growth, driven by increasing demand from various sectors, including construction & mining, events, and utilities. Rising infrastructure projects and urbanization contribute to the need for reliable power solutions, especially in regions facing energy shortages or unreliable grid systems. Additionally, the growing trend of renewable energy adoption is boosting the demand for hybrid and mobile power solutions in temporary applications.
The market benefits significantly from integrating renewable energy by expanding its offerings to include hybrid power solutions, such as solar and battery systems, which meet the growing demand for sustainable energy alternatives. This shift aligns with increasing regulatory pressures for environmentally friendly practices and enhances the versatility of temporary power solutions in various applications, including construction, events, and emergency response.
By leveraging renewable energy sources, companies in the temporary power sector can provide cost-effective, reliable, and eco-friendly power solutions, ultimately attracting a broader customer base and enhancing market competitiveness.
Global Temporary Power Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global temporary power market report on the basis of fuel type, end-use, and region.
U.S.
Canada
Mexico
Germany
UK
Spain
France
Italy
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
UAE
South Africa