Temporary Power Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Fuel Type (Diesel, Gas and Others), By Power Rating (Less than 80 kW, 81 kW–280 kW, 281 kW–600 kW and Above 600 kW), By End-User (Utilities, Oil & Gas, Construction and Others), By Region, Competition

Market Overview

The Global Temporary Power Market, valued at USD 6.01 billion in 2022, exhibiting a robust compound annual growth rate (CAGR) of 9.07% during the forecast period. This market is subject to various influences, including the expansion of construction and infrastructure activities, insufficient electricity supply, and a growing number of planned events. The temporary power market caters to a diverse range of end-users, including events, construction, manufacturing, mining, telecom, utilities, oil and gas, and residential sectors. Notably, the utilities and oil and gas segments play a pivotal role in driving the global temporary power market. This growth is driven by inadequate electricity supply in developing economies in Asia-Pacific and Africa, as well as the aging power grid infrastructure in developed economies. As emerging markets experience substantial economic development, population growth, and urbanization, there is a consistent electricity supply shortfall across all markets due to factors such as inadequate planning, aging infrastructure, underinvestment, and more.

Key Market Drivers

Increasing Construction and Infrastructure Projects

The global temporary power market is primarily propelled by the escalating demand for power during construction and infrastructure development endeavors. With ongoing urbanization taking place worldwide, there is an ever-increasing requirement for temporary power solutions to support construction activities and provide electricity to construction sites. Infrastructure projects, encompassing roads, bridges, and transportation networks, necessitate a stable and uninterrupted power supply to operate heavy machinery, tools, lighting, and temporary facilities. Mobile generators, typically in the form of temporary power solutions, effectively meet this demand. They ensure the seamless progress of construction projects, adhering to stringent timelines and minimizing downtime.

Furthermore, the rise of megacities and urban expansion contributes to the need for temporary power solutions to cater to new buildings, commercial complexes, and residential areas. Temporary power providers play a pivotal role in facilitating the electrification of these areas during the construction phase, enabling occupants to move in with immediate access to electricity. As construction and infrastructure projects continue to proliferate on a global scale, the demand for temporary power solutions is expected to remain robust. The adaptability and versatility of temporary power systems make them an indispensable component of contemporary construction practices, ensuring the timely completion of projects and the availability of essential power infrastructure.

Emergency Preparedness and Disaster Response   

The global temporary power market is significantly influenced by the necessity of emergency preparedness and the requirement for reliable power supply during disasters. In a world characterized by an escalating frequency of natural disasters, such as hurricanes, earthquakes, and wildfires, the ability to promptly deploy temporary power solutions has become a crucial aspect of disaster response and recovery endeavors. When natural disasters occur, power infrastructure often endures damage, resulting in widespread outages. In such circumstances, temporary power solutions, including mobile generators and emergency power units, play a pivotal role in restoring essential services. Hospitals, emergency response centers, communication networks, and shelters rely on temporary power to sustain operations, provide medical care, and ensure public safety. Furthermore, temporary power solutions are vital for disaster recovery and reconstruction processes. They facilitate the resumption of essential services while permanent power infrastructure is repaired or restored. The rapid transportability of temporary power units to disaster-stricken areas offers a lifeline during times of crisis. The increasing recognition of the importance of resilience and the necessity to mitigate the impacts of disasters has amplified the demand for effective emergency power solutions. As climate change contributes to more frequent and severe weather events, the role of the global temporary power market in safeguarding communities and enabling recovery becomes increasingly critical.

Events, Festivals and Entertainment Industry

The global market for temporary power is driven by the flourishing events, festivals, and entertainment industry. Across the globe, massive gatherings, concerts, sports events, exhibitions, and festivals attract enormous crowds and necessitate substantial energy resources to power lighting, sound systems, stages, and various facilities. Temporary power solutions play a vital role in ensuring the success of these events by providing dependable and dedicated power supply. Mobile generators and temporary power distribution systems are strategically positioned to meet the energy demands of event infrastructure, including audiovisual equipment, concessions, security systems, and more. The dynamic nature of the events industry, characterized by diverse locations and evolving power requirements, aligns seamlessly with the versatility of temporary power solutions. These systems can be customized to suit the unique energy demands of each event, guaranteeing uninterrupted operations and an exceptional experience for attendees. The increasing global interest in experiential events, digital entertainment, and cultural celebrations is expanding the scope of the events industry. Consequently, the demand for temporary power solutions is projected to continue its upward trajectory, driven by the necessity for reliable and tailored energy supply for events of all magnitudes.