Dublin, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The "Temporary Power: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Temporary Power estimated at US$6.2 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2030, growing at a CAGR of 9.7% over the analysis period 2022-2030.
Diesel, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$8.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Gas segment is readjusted to a revised 9.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.6% CAGR
The Temporary Power market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2030.
Select Competitors (Total 62 Featured) -
- Aggreko Ltd.
- APR Energy
- Ashtead Group Plc.
- Atlas Copco AB
- Caterpillar, Inc.
- Cummins, Inc.
- Diamond Environmental Services LLC
- Herc Rentals, Inc.
- Kohler Co.
- Rental Solutions & Services LLC
- Smart Energy Solutions
- Speedy Hire Plc
- Temp-Power, Inc.
- Trinity Power Rentals, Inc.
- United Rentals, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 478 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.2 Billion |
| Forecasted Market Value (USD) by 2030 | $12.9 Billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- An Insight into Temporary Power and Use Cases
- Temporary Power Market: Growth Prospects and Outlook
- Utilities Spearhead Demand for Temporary Power Systems
- Developed Regions Lead Global Market for Temporary Power
- Temporary Power - Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Demand for Continuous Power Supply Worldwide Fuels Demand for Temporary Power Systems
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
- Increasing Number of Weather-related Power Outages Drive Demand
- Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
- Lack of Power Infrastructure in Developing Regions Drives Focus onto Temporary Power Systems
- Aging Infrastructure in Developed Economies Spur Demand
- Temporary Power Poised to Benefit from Increasing Obsolescence of Permanent Power Plants in Several Nations
- As the Number of Events Organized Globally Continue to Grow, Demand Rises for Temporary Power Solutions
- Number of Trade Shows and Conferences by Select Countries
- Global Events Market Revenues in $ Million for 2019, 2021, 2023 and 2025
- Growing Use of Temporary Power Systems in Construction Industry
- Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
- Healthy Construction Project Pipeline Value to Build Megacities Drives Importance of Temporary Construction Power: Global Value of Megacity Construction Projects (US$ Billion) in 2019
- Rise in Penetration of Semi-Permanent Power Sources
- Rising Expenditure on T&D Networks: A Challenge for Temporary Power Market
- Current and Projected Global Investments into T&D Infrastructure (in $ Trillion) for 2010-2020, 2020-2030 and 2030-2040
- Mobile Gas Turbines Emerge to Provide Fast and Reliable Power Supply during Emergencies
- Stringent Environmental Regulations to Limit Carbon Emissions Restrain Market Growth
- Steady Momentum in World Mining Industry Favors Market Growth
- World Mining Industry by Material Category: A Snapshot
- Leading Mining Nations in the World (2018): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
- Temporary Power Systems Complement Renewable Energy Supplies
- Northbound Trajectory in Renewable Energy Sector Augurs Well
- Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
- Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
- Disaster Response Sector Relies on Power Generators for Ensuring Power Supply during Outages
- Temporary Power in Oil & Gas Industry: Essential to Prevent Downtime
- Temporary Power Market Poised to Benefit from Increasing Investments into Hybrid Power Solutions
- Innovations Steer Growth Momentum
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/gxokk
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