North America Temporary Power Market Forecast till 2026


Market Overview
The North America temporary power market is projected to grow at a 7.43% CAGR during the forecast period, 2020–2026. Temporary power is an independent source of electric power, supporting various sectors with the power supply in blackouts and power outages. A temporary power supply is most used on construction sites. The benefits of temporary power in North America include preventing data loss and providing emergency power supply and surge protection, among others.
The demand for temporary power is growing significantly in the North American market, primarily due to the rise in construction activities and increasing demand for continuous power. The North America temporary power market is expected to grow significantly during the forecast period owing to rising construction activities and increasing demand for reliable and continuous power. Moreover, the decreasing cost of power generation is expected to create an opportunity for the players operating in the market. However, payment issues are expected to restrain growth during the forecast period.
Market Segmentation
The North American temporary power market has been segmented based on fuel type, generator rating, end user, and region. Based on fuel type, the North America temporary power market has been segmented into diesel, gas, and others. The diesel segment is expected to grow at the fastest rate during the forecast period. In 2019, the diesel segment held a share of 57.0% of the North America temporary power market.
Based on generator rating, the North America temporary power market has been segmented into less than 80 kW, 81–280 kW, and above 280 kW.
Based on end-use, the North America temporary power market has been segmented into events, utilities, construction, oil & gas, mining, manufacturing, and others. The utilities segment is expected to grow at the fastest rate during the forecast period.
Regional Analysis
The North America Temporary market is spread across the US, Canada, and Mexico.
The US is anticipated to lead the temporary power market with the largest market contribution of 68.1% in 2029. The second and third-largest markets are Canada and Mexico with the respective market shares of 21.2% and 10.7%, in 2019.
Major Players
The key venders of the North America Temporary market are Cummins, caterpillar, Agreco Plc, United Rentals Inc, and APR Energy Inc.