1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Temporary Power Market?
The projected CAGR is approximately 5.39%.
North America Temporary Power MarketNorth America Temporary Power Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
North America Temporary Power Market by Fuel Type (Diesel, Gas, Renewable, Others), by End-user (Oil & Gas, Utilities, Construction, Shipping, Mining, Manufacturing, Others), by Forecast 2025-2033
Base Year: 2024
150 Pages
North America Temporary Power Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
North America Temporary Power Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
Key Insights
The North America Temporary Power Market size was valued at USD 3.17 USD Billion in 2023 and is projected to reach USD 4.58 USD Billion by 2032, exhibiting a CAGR of 5.39 % during the forecast period. The temporary power is the supply of electricity to temporary sites or events where a permanent power supply is not available or possible. It is as if you are setting up a temporary electrical grid to fulfill the short-term energy requirements. The applications include construction sites, outdoor events and disaster relief efforts. There are different types of temporary power solutions which are generators, power distribution panels, and temporary wiring systems. Generally, a system has generators that are powered by diesel or gas, distribution panels that are used to control the power flow and cables that are used to connect the equipment. The latest trends in North America show that there is an increasing need for eco-friendly temporary power solutions like hybrid generators and solar-powered systems, which are part of the bigger process of the sustainable energy usage.
North America Temporary Power Trends
- Increasing demand for temporary power in oil & gas exploration activities
- Growing adoption of temporary power solutions in construction and infrastructure projects
- Rise in the use of renewable energy sources for temporary power generation
Driving Forces: What's Propelling the North America Temporary Power Market
- Rise in Infrastructure Development: Increasing investments in infrastructure projects, such as data centers and renewable energy plants, are driving the demand for temporary power solutions.
- Expansion of Oil & Gas Industry: The growing oil & gas exploration and production activities in North America are fueling the need for temporary power solutions to support drilling and pipeline operations.
- Government Regulations: Stringent environmental regulations are increasing the need for cleaner and more efficient temporary power sources.
- Technological Advancements: Advancements in battery technology, energy storage systems, and remote monitoring solutions are enhancing the performance and efficiency of temporary power solutions.
Challenges and Restraints in North America Temporary Power Market
- High Initial Investment Costs: The acquisition of temporary power equipment, including generators, transformers, and related infrastructure, represents a significant upfront capital expenditure, potentially hindering market entry for smaller businesses.
- Volatile Fuel Prices and Energy Costs: Fluctuations in fuel prices, particularly diesel, directly impact operational costs, creating unpredictable budgeting challenges and reducing profitability.
- Shortage of Skilled Technicians and Operators: The specialized knowledge required to operate and maintain temporary power systems creates a demand for skilled labor that often exceeds the available supply, leading to higher labor costs and potential delays in project implementation.
- Environmental Regulations and Sustainability Concerns: Growing environmental concerns surrounding diesel emissions are leading to stricter regulations and increased scrutiny of temporary power solutions, pushing the industry toward cleaner alternatives and driving up compliance costs.
- Logistics and Transportation Challenges: The efficient transportation and deployment of bulky equipment to remote or challenging locations can present logistical hurdles, adding to overall project costs and complexity.
Emerging Trends in North America Temporary Power
- Integration of renewable energy sources (e.g., solar and wind) with temporary power systems
- Adoption of advanced monitoring and control systems for remote power management
- Growing demand for microgrids and distributed power generation solutions
Growth Catalysts in North America Temporary Power Industry
- Increased Focus on Sustainability and Renewable Energy: The rising adoption of renewable energy sources, coupled with stricter environmental regulations, is driving demand for cleaner temporary power solutions, including hybrid and solar-powered generators.
- Growing Demand for Modular and Scalable Power Systems: Modular systems offer greater flexibility and scalability, allowing businesses to adjust power capacity as needed, reducing waste and optimizing resource allocation. This adaptability is particularly attractive to projects with fluctuating power demands.
- Government Support and Incentives for Renewable Energy Projects: Government initiatives, including tax credits, grants, and subsidies, are encouraging the adoption of renewable energy sources in temporary power applications, further accelerating market growth.
- Expanding Applications in Disaster Relief and Emergency Response: The crucial role of temporary power in disaster recovery and emergency response operations is driving demand for reliable and readily deployable solutions, particularly in areas prone to natural disasters.
- Infrastructure Development and Construction Boom: Large-scale infrastructure projects and construction activities require substantial temporary power, presenting significant opportunities for market expansion.
Market Segmentation: North America Temporary Power Analysis
Fuel Type:
- Diesel
- Gas
- Renewable
- Others
End-user:
- Oil & Gas
- Utilities
- Construction
- Shipping
- Mining
- Manufacturing
- Others
Leading Players in the North America Temporary Power Market
- Aggreko (U.K.)
- Vertiv (U.S.)
- United Rentals (U.S.)
- Ashtead Group (U.K.)
- Caterpillar Inc. (U.S.)
- Smart Energy Solutions (UAE)
- APR Energy (U.S.)
- Energyst (U.K.)
- Cummins Inc. (U.S.)
- Kohler Power (U.S.)
Significant developments in North America Temporary Power Sector
- October 2023: Aggreko signed a multi-year agreement with the Las Vegas Grand Prix to provide temporary power solutions.
- October 2023: Vertiv launched the Liebert APM2 energy-efficient UPS system.
- January 2023: Aggreko provided temporary power and HVAC solutions for the Ryder Cup 2023.
- September 2022: Caterpillar Inc. launched the Cat XQ2280 power module with a power capacity above 560 kW.
- January 2022: Kohler Co. acquired Heila Technologies to expand its temporary power systems portfolio.
Comprehensive Coverage North America Temporary Power Market Report
- Market Overview: A comprehensive assessment of the market size, growth rate, and key trends shaping the North American temporary power industry.
- Market Dynamics: An in-depth analysis of the factors driving and restraining market growth, including technological advancements, regulatory changes, and economic conditions.
- Market Segmentation: A detailed segmentation of the market by application (events, construction, disaster response), equipment type (generators, power distribution equipment), and end-user industry (healthcare, manufacturing, energy).
- Competitive Landscape: A comprehensive profile of leading players in the North American temporary power market, including their market share, product offerings, and competitive strategies.
- Regional Analysis: An examination of the market dynamics and competitive landscape in key regions of North America, including the United States, Canada, and Mexico.
- Key Insights: Actionable insights into the future direction of the market, growth opportunities, and potential risks for stakeholders.
Regional Insight
United StatesCanadaMexicoTechnology Analysis
- Diesel-powered generators
- Gas-powered generators
- Renewable energy-powered generators
- Hybrid power systems
- Microgrids
PESTLE Analysis
- Political: Regulations, tax policies, and subsidies
- Economic: Economic growth, interest rates, and inflation
- Social: Population growth, urbanization, and changing lifestyles
- Technological: Advancements in energy storage, monitoring, and control systems
- Legal: Environmental regulations, safety standards, and labor laws
- Environmental: Climate change, carbon footprint, and pollution control
Porter's Five Force Analysis
- Threat of New Entrants: Low to moderate
- Bargaining Power of Suppliers: Medium
- Bargaining Power of Buyers: Low
- Threat of Substitutes: Low to moderate
- Competitive Rivalry: High
BCG Matrix
- Stars: Aggreko, Vertiv
- Cash Cows: United Rentals, Ashtead Group
- Question Marks: Smart Energy Solutions, APR Energy
- Dogs: Energyst, Cummins Inc.
Import & Export Analysis
- Imports: North America imports temporary power equipment from countries such as China, India, and Europe.
- Exports: North America exports temporary power solutions to countries in Latin America, the Middle East, and Africa.
Production & Consumption
- Production: North America has a significant manufacturing base for temporary power equipment, with major manufacturers operating in the region.
- Consumption: The U.S. is the largest consumer of temporary power solutions in North America, followed by Canada and Mexico.
Regulatory Landscape
- Environmental Regulations: Environmental Protection Agency (EPA) Tier 4 Final emission standards for diesel generators
- Safety Standards: Occupational Safety and Health Administration (OSHA) regulations for temporary power systems
- Labor Laws: Fair Labor Standards Act (FLSA) and National Labor Relations Act (NLRA) impact labor costs
North America Temporary Power Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.39% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Industrialization and Construction Activities to Stimulate Temporary Power Market Progress
- 3.3. Market Restrains
- 3.3.1. Strict Emission Regulations by Governments to Hamper Market Growth
- 3.4. Market Trends
- 3.4.1. Technological Advances and Innovations Are Shaping the Market Outlook
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Temporary Power Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Fuel Type
- 5.1.1. Diesel
- 5.1.2. Gas
- 5.1.3. Renewable
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by End-user
- 5.2.1. Oil & Gas
- 5.2.2. Utilities
- 5.2.3. Construction
- 5.2.4. Shipping
- 5.2.5. Mining
- 5.2.6. Manufacturing
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Fuel Type
- 6. United States North America Temporary Power Market Analysis, Insights and Forecast, 2019-2031
- 7. Canada North America Temporary Power Market Analysis, Insights and Forecast, 2019-2031
- 8. Mexico North America Temporary Power Market Analysis, Insights and Forecast, 2019-2031
- 9. Rest of North America North America Temporary Power Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Aggreko (U.K.)
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Vertiv (U.S.)
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 United Rentals (U.S.)
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Ashtead Group (U.K.)
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Caterpillar Inc. (U.S.)
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Smart Energy Solutions (UAE)
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 APR Energy (U.S.)
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Energyst (U.K.)
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Cummins Inc. (U.S.)
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Kohler Power(U.S.)
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.1 Aggreko (U.K.)
List of Figures
- Figure 1: North America Temporary Power Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: North America Temporary Power Market Share (%) by Company 2024
List of Tables
- Table 1: North America Temporary Power Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: North America Temporary Power Market Volume MW Forecast, by Region 2019 & 2032
- Table 3: North America Temporary Power Market Revenue USD Billion Forecast, by Fuel Type 2019 & 2032
- Table 4: North America Temporary Power Market Volume MW Forecast, by Fuel Type 2019 & 2032
- Table 5: North America Temporary Power Market Revenue USD Billion Forecast, by End-user 2019 & 2032
- Table 6: North America Temporary Power Market Volume MW Forecast, by End-user 2019 & 2032
- Table 7: North America Temporary Power Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 8: North America Temporary Power Market Volume MW Forecast, by Region 2019 & 2032
- Table 9: North America Temporary Power Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 10: North America Temporary Power Market Volume MW Forecast, by Country 2019 & 2032
- Table 11: United States North America Temporary Power Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: United States North America Temporary Power Market Volume (MW) Forecast, by Application 2019 & 2032
- Table 13: Canada North America Temporary Power Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: Canada North America Temporary Power Market Volume (MW) Forecast, by Application 2019 & 2032
- Table 15: Mexico North America Temporary Power Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Mexico North America Temporary Power Market Volume (MW) Forecast, by Application 2019 & 2032
- Table 17: Rest of North America North America Temporary Power Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Rest of North America North America Temporary Power Market Volume (MW) Forecast, by Application 2019 & 2032
- Table 19: North America Temporary Power Market Revenue USD Billion Forecast, by Fuel Type 2019 & 2032
- Table 20: North America Temporary Power Market Volume MW Forecast, by Fuel Type 2019 & 2032
- Table 21: North America Temporary Power Market Revenue USD Billion Forecast, by End-user 2019 & 2032
- Table 22: North America Temporary Power Market Volume MW Forecast, by End-user 2019 & 2032
- Table 23: North America Temporary Power Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 24: North America Temporary Power Market Volume MW Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the North America Temporary Power Market?
Key companies in the market include Aggreko (U.K.), Vertiv (U.S.), United Rentals (U.S.), Ashtead Group (U.K.), Caterpillar Inc. (U.S.), Smart Energy Solutions (UAE), APR Energy (U.S.), Energyst (U.K.), Cummins Inc. (U.S.), Kohler Power(U.S.).
3. What are the main segments of the North America Temporary Power Market?
The market segments include Fuel Type, End-user.
4. Can you provide details about the market size?
The market size is estimated to be USD 3.17 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Industrialization and Construction Activities to Stimulate Temporary Power Market Progress.
6. What are the notable trends driving market growth?
Technological Advances and Innovations Are Shaping the Market Outlook.
7. Are there any restraints impacting market growth?
Strict Emission Regulations by Governments to Hamper Market Growth.
8. Can you provide examples of recent developments in the market?
October 2023: Aggreko signed a multi-year agreement with the Las Vegas Grand Prix, becoming the official temporary or backup power supply partner. Under the agreement, Aggreko is expected to power both domestic and international broadcasts as well as critical track lighting at 16 locations throughout the circuit. Moreover, it will provide energy and climate control at a wide variety of locations, including temporary hospitality structures, team hospitality spaces, and offices.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in MW.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Temporary Power Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Temporary Power Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Temporary Power Market?
To stay informed about further developments, trends, and reports in the North America Temporary Power Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.