Temporary Power Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Aggreko plc, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC, Smart Energy Solutions

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Temporary Power Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $11.85 billion In 2028 At A CAGR Of 13.1% :

The temporary power market size has grown rapidly in recent years. It will grow from $6.4 billion in 2023 to $7.25 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to increasing construction activities, rapid industrialization, natural disasters, events and entertainment industry, infrastructure development.

The temporary power market size is expected to see rapid growth in the next few years. It will grow to $11.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to renewable energy integration, remote and off-grid areas development, smart cities initiatives, emergency preparedness. Major trends in the forecast period include digitization and smart technologies, increasing demand for sustainable solutions, focus on grid resilience, adoption of modular power systems, market consolidation and strategic partnerships.

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Temporary Power Market Major Segments
The temporary power market covered in this report is segmented -

1) By Fuel Type: Diesel, Gas, Other Fuel Types
2) By Power Rating: Less than 80 kW, 81 kW-280 kW, 281 kW-600 kW, Above 600 kW
3) By End User: Utilities, Oil And Gas, Mining, Construction, Manufacturing, Events and Hospitality, Other End Users

Key Driver - Construction Activity Boosts Temporary Power Market Growth

The increasing construction activity is expected to propel the growth of the temporary power market. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. A temporary power supply will assist the user in obtaining utilities such as electricity and/or water for construction or building activities. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42 %, or $4.5 trillion, to reach USD 15.2 trillion.. Furthermore, according to the 2022 U.S. Construction Cost Trends report, in the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the increasing construction activity is driving the temporary power market.

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Prominent Trend - Technological Advancements Shape The Temporary Power Market

Technological advancements have emerged as a key trend gaining popularity in the temporary power market. Major companies operating in the temporary power sector are focused on providing technologically advanced solutions to strengthen their market position. For instance, in September 2021, EcoFlow, a US-based developer and manufacturer of eco-friendly and affordable portable power stations, launched the DELTA mini-Portable Power Station. The DELTA mini can charge up to 12 devices at the same time via USB, DC, and AC outlets. With a robust 1400W rated output, it can power 90% of gadgets and appliances, such as band saws, dishwashers, vacuum cleaners, microwaves, and others. It can even support 1800W products with the X-Boost technology. The portable power station has a capacity of 882Wh.

Temporary Power Market Players
Major companies operating in the temporary power market report are Aggreko plc, Caterpillar Inc., APR Energy Inc., Ashtead Group PLC, Smart Energy Solutions, Speedy plc, Cummins Inc., Hertz Corporation, Kohler Co., Bennett Engineering LLC, Altaaqa Global Energy Services, ATCO Ltd., Power Electrics Ltd., Larson Electronics LLC, SES Smart Energy Solutions FZCO, Enerwhere Holdings LLC, Bredenoord B. V., Byrne Equipment Rental LLC, Carrier Rental Systems Inc., Doosan Portable Power, Energyst BV, HIMOINSA S. L., Ingersoll-Rand Company, J. C. Bamford Excavators Limited, MTU Onsite Energy Corporation, Rental Solutions & Services LLC, Generac Holdings Inc., Wärtsilä Oyj Abp, Wacker Neuson SE, Ring Power Corporation

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Largest And Fastest Growing Region In The Market
North America was the largest region in the temporary power market in 2023. Asia-Pacific is expected to be the fastest-growing region in the temporary power market share during the forecast period. The regions covered in the temporary power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Temporary Power Market Report Structure
3. Temporary Power Market Trends And Strategies
4. Temporary Power Market - Macro Economic Scenario
5. Temporary Power Market Size And Growth
…..
27. Temporary Power Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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