Power Pedestal Market
Power Pedestal Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Power Pedestal Market Segmented By product such as Stainless Steel, Polycarbonate, Lightweight Composites and Aluminum with Applications in Marina Power, Construction Site, Recreation Vehicle (RV) Parks, Mobile home panels
Power Pedestal Forecast and CAGR
According to latest research by Persistence Market Research, Power Pedestal market is set to witness opulent growth between 4% and 5% during 2021-2031. Demand for Power Pedestal will witness pleasant recovery in short-term, with optimistic growth outlook in the long-run.
Gargantuan demand from marine, construction sites, recreational parks and others. Power and energy bestow are focused on providing momentary power distribution, which has resulted in expanding the prosperity of the product.
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What is Driving Demand for Power Pedestal?
Rise in arrogation for electricity in residential, commercial, and institutional sectors is foreseen to drive the endorsement of the units. According to U.S. Energy Information Administration, electricity consumption in the US stood at about 6.5 quadrillion British Thermal units of energy in April 2020.
Apart from the electrical usage from residential, commercial and industrial it is also used in marine, which is the extremely competitive and even more price sensitive. Innovation and sustainability are the in marine industry the embodiment of high-technology for the use in extreme conditions.
The recreational parks and construction site stood lowest in the demand for the commodity. The device are largely designed in for outdoor service to meet the power requirement for recreational parks and construction sites.
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Stainless Steel Type is Likely to Augment Power Pedestal Sales
Stainless Steel type is expected to be responsible for augmentation for the commodity with a deliberate pace during forecasted period due to the high strength cum lowered gross weight of the product than other types. As Stainless Steel type considered to have 40 to 45% of market share in the commodity.
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North America Power Pedestal Market Outlook
North America is identified as the dominant region for the commodity, owing to the numerous construction sites, camping sites, modern marines, and rivers ports. Also the marine industry is the cutting edge in the North American region.
Also, North America dominate among all other regions due to the presence of numerous sites, rising infrastructure. Political stability, socio-economic reforms and increase in arrogation for energy are expected to commute the augmentation, thereby creating demand for the necessary machine parts, equipment and components in the region.
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Asia Pacific Power Pedestal Market Growth Potential
Asia Pacific is the foreseen to expand at a significant rate during the period. Power generation and demand in the Asia Pacific region is been increasing daily in the past few years. China, Japan and India are the major countries for the commodity. This is due to ongoing commercial construction and power infrastructure projects estimated to have the project lifespan for at least 10 years.
Who are the Key Manufacturers and Suppliers of Power Pedestal?
Some of the leading manufacturers and suppliers of Power Pedestal include
- Marina Electrical Equipment Inc.
- HydroHoist Marine Group
- Ace Manufacturing Metals Ltd.
- Power Master
- Vickery Electric Ltd.
- Power Marine Center Inc.
- General Electric
- Attwood Corporation
- Marina Power Company
- Legrand North America LLC.
- Dock Boxes Unlimited
- Gescan a Division of Sonepar Canada Inc.
- MonoSystems Inc.
Various international as well as local player are offering Power Pedestal and certification. For instance, Eaton is offering lockable, waterproof doors to protect circuit breaker and receptacles, copper bus bar with rating from 250 to 500 amps, and a hingeless base for easy access for installation and maintenance.
- Stainless Steel
- Lightweight Composites
- Marina Power
- Construction Site
- Recreation Vehicle (RV) Parks
- Mobile home panels
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- ANZ (Australia and New Zealand)
- Rest of South Asia Pacific
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Power Pedestal Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.