Temporary Power Market Size, Share, Growth Analysis, By Power Source(Diesel Generators, Gas Generators, Dual-Fuel Generators, and Solar Generators), By End Use(Utilities, Oil & Gas, Mining, Construction), By Region - Industry Forecast 2024-2031

Global temporary power market size was valued at USD 4.7 billion in 2022 and is poised to grow from USD 5.22 billion in 2023 to USD 12.02 billion by 2031, growing at a CAGR of 11% in the forecast period (2024-2031).

Temporary power refers to the systems or solutions that provide flexible and reliable power in various industries such as oil and gas, events, manufacturing, and construction. Temporary power, the name itself suggests that these systems are used for the short-term basis of energy consumption. The temporary power market is increasing rapidly across the world. The growing trend of rental power systems is creating profitable opportunities for temporary power providers. The rise in construction and infrastructure projects across the globe is driving the temporary power market growth. Various infrastructure development projects such as bridges, smart cities, or roads are contributing to high demand for reliable power sources during the construction period. Compared to traditional generators advanced temporary power systems are gaining popularity. Advancements in power generation technology such as energy storage, smart grids, and more are positively boosting the market growth. Rapid urbanization and industrial activities across the group are also boosting the demand for temporary power solutions. The event and entertainment industry also majorly uses temporary power solutions to meet reliable and mobile power supply.