Forecast of Global Temporary Power Consumption Market 2023

Global Temporary Power market will register a 6.5% CAGR in terms of revenue, reach US$ 12900 million by 2023, from US$ 8870 million in 2017. Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply.