PUBLISHER: The Business Research Company | PRODUCT CODE: 1657012
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657012
Temporary power refers to a service designed to supply electricity during construction or restoration operations. The primary goal of temporary electricity is to ensure the continuous operation of a site, even in the absence of utility power. It finds applications in plants and buildings for tasks such as illuminating construction sites, operating job-site trailers, powering irrigation facilities, and controlling various devices.
The principal categories of perforating guns include expendable, semi-expendable, and retrievable types. Expendable guns are commonly employed in situations where wellbore restrictions allow only limited access, such as through-tubing applications. Upon firing, a perforating gun assembly disintegrates, thereby reducing the volume and dimensions of the retrieved components. Various carrier types, such as hollow carriers, expandable shaped charged guns, and others, utilize explosive substances like cyclotrimethylene trinitramine (RDX), cyclotetramethylene trinitramine (HMX), and hexanitrosilbene (HNS), with both high and low pressure applications, whether onshore or offshore.
The temporary power market research report is one of a series of new reports from The Business Research Company that provides temporary power market statistics, including temporary power industry global market size, regional shares, competitors with a temporary power market share, detailed temporary power market segments, market trends and opportunities, and any further data you may need to thrive in the temporary power industry. This temporary power market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The temporary power market size has grown rapidly in recent years. It will grow from $7.23 billion in 2024 to $8.17 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to increasing construction activities, rapid industrialization, natural disasters, events and entertainment industry, infrastructure development.
The temporary power market size is expected to see rapid growth in the next few years. It will grow to $13.63 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to renewable energy integration, remote and off-grid areas development, smart cities initiatives, emergency preparedness. Major trends in the forecast period include digitization and smart technologies, increasing demand for sustainable solutions, focus on grid resilience, adoption of modular power systems, market consolidation and strategic partnerships.
The growing construction activity is expected to fuel the expansion of the temporary power market. The construction industry encompasses a wide range of operations, including infrastructure development, repair, renovation, and maintenance. Rapid industrialization and urbanization have led to increased construction projects. Temporary power solutions are essential for providing utilities such as electricity and water to support construction and building activities. For example, in March 2023, Oxford Economics, a UK-based economic information services firm, projected that the global value of construction work would increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by key construction markets in China, the U.S., and India. As a result, the rising construction activity is propelling the growth of the temporary power market.
The growing reliance on renewable energy sources is expected to drive the expansion of the temporary power market in the coming years. Renewable energy refers to power generated from naturally replenishable resources that do not deplete with use. Temporary power plays a crucial role in the renewable energy sector by ensuring wind turbines remain operational and by providing backup power when renewable energy sources are unavailable. For example, in July 2024, data from the U.S. Energy Information Administration (EIA) revealed that renewable energy consumption in the U.S. increased by 2% from 2022, reaching a record 8.2 quads in 2023. This growth was mainly fueled by increased biofuel use in transportation and solar energy for electricity generation, although wind energy consumption saw its first decline in 25 years. Consequently, the rising dependence on renewable energy sources is contributing to the growth of the temporary power market.
Technological advancements have become a key trend gaining traction in the temporary power market, with major companies focusing on providing cutting-edge solutions to strengthen their market position. For example, in September 2022, Jackery Inc., a U.S.-based provider of innovative portable power and green outdoor energy solutions, introduced the Solar Generator 1000 Pro. This system includes four SolarSaga 200W Solar Panels and the Jackery Explorer 1000 Pro Portable Power Station, allowing it to charge up to 8 devices simultaneously through AC, DC, and USB ports. The Solar Generator 1000 Pro also boasts fast charging capabilities, fully charging in just 1.8 hours using an AC outlet.
Major companies operating in the temporary power market are emphasizing the introduction of advanced solutions, including solar-first battery generators. These generators provide a portable and sustainable power source in challenging operating conditions where a stationary power source is unavailable. New Use Energy Solutions (NUE), a U. S. -based energy solutions provider, launched the SunCase line of portable solar-first battery generators in April 2023, designed for dependable power supply through solar panels, grid electricity, or portable gas generators in various applications.
In January 2022, Herc Rentals, a U.S.-based equipment rental company, acquired Temp-Power Inc. for an undisclosed sum. This acquisition enables Herc Rentals to expand its portfolio of portable power solutions, serving the needs of the construction and event industries. Temp-Power Inc. is a U.S.-based company that specializes in portable generators and power distribution services.
Major companies operating in the temporary power market include Aggreko plc, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC, Smart Energy Solutions, Speedy plc, Cummins Inc., Hertz Corporation, Kohler Co., Bennett Engineering LLC, Altaaqa Global Energy Services, ATCO Ltd., Power Electrics Ltd., Larson Electronics LLC, SES Smart Energy Solutions FZCO, Enerwhere Holdings LLC, Bredenoord B. V., Byrne Equipment Rental LLC, Carrier Rental Systems Inc., Doosan Portable Power, Energyst BV, HIMOINSA S. L., Ingersoll-Rand Company, J. C. Bamford Excavators Limited, MTU Onsite Energy Corporation, Rental Solutions & Services LLC, Generac Holdings Inc., Wartsila Oyj Abp, Wacker Neuson SE, Ring Power Corporation
North America was the largest region in the temporary power market in 2024. Asia-Pacific is expected to be the fastest-growing region in the temporary power market share during the forecast period. The regions covered in the temporary power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the temporary power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The temporary power market includes revenues earned by entities by using temporary power for irrigation systems, building illumination, site trailers services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Temporary Power Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on temporary power market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for temporary power ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The temporary power market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.