GITNUX MARKETDATA REPORT 2024

Temporary Power Industry Statistics

Temporary Power Industry is estimated to grow at a steady rate due to increasing demand for reliable power sources in various sectors such as construction, events, and utilities.

Statistic 1

"The global temporary power market is anticipated to reach USD 10.6 billion by 2025."

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Statistic 2

"The North America market is expected to register a CAGR of 11.8% in the temporary power industry from 2017 to 2025."

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Statistic 3

"By 2027, the global temporary power industry is poised to reach $8,678.9 million."

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Statistic 4

"In 2020, the commercial sector accounted for nearly one-fourth of the total market share in the temporary power industry."

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Statistic 5

"The Asia Pacific is expected to be the fastest-growing economy in the temporary power industry with a YoY growth rate of 12% from 2020 to 2027."

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Statistic 6

"The temp power market size was at USD 5.77 billion in 2020."

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Statistic 7

"In 2020, the diesel segment held 57.3% of the total share in the temporary power market."

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Statistic 8

"From 2020 to 2027, the oil & gas sector is projected to grow at a CAGR of 5.4% in the temporary power market."

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Statistic 9

"Europe contributed to the highest share in 2020, contributing more than two-fifths of the global temporary power market."

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Statistic 10

"In 2019, North America generated $1.5 billion in revenue from the temporary power market."

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Statistic 11

"South America's temporary power market is expected to grow at a CAGR of 3.8% in the forecast period (2020-2027)."

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Statistic 12

"The largest segment of the temporary power system worldwide is diesel generators, having 43.25% of the market share in 2019."

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Statistic 13

"During the forecast period of 2021-2026, the temporary power market is expected to grow at a CAGR of over 5%."

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Statistic 14

"In the recovery period after the 2021 economic slowdown due to the pandemic, the CAGR in Asia-Pacific is expected to be around 5.17%."

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Statistic 15

"The load factor segment is projected to hold 66% of the market share by 2026."

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Statistic 16

"By 2027, natural gas is set to grow at a CAGR of 6.3% in the temporary power market."

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Statistic 17

"In 2019, the global demand for electricity in the temporary power market was over 22,000 MW."

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Statistic 18

"The LAMEA region is projected to witness significant growth during the forecast period (2020-2027) with a CAGR of 4%."

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Statistic 19

"In the year 2026, the power rating of above 10,000 KW for temporary power is projected to account for 27% of market revenue."

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Statistic 20

"By 2030, the African continent will require an approximate investment of $3 trillion in the temporary power market."

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