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Power Pedestal Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10495 | Pages: NA | Jun 2021 | 63 Views | | |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Power Pedestal Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Power pedestals are specially designed electrical devices that act as a power source to offer custom power solutions to various end-user applications. These devices are charging stations that are specifically devised for outdoor services to meet power requirements at construction sites, camping grounds, and parking lots. Power pedestals offer reliable and safe access to electricity. Initially, power pedestals were made using metals, but presently they are being made by using highly durable composite materials, which enable them to withstand extreme environmental conditions.
Market scope and structure analysis :
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Uses, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Marina Electrical Equipment Inc., Eaton, HydroHoist Marine Group, Ace Manufacturing Metals Ltd, Power Master Vickery Electric Ltd, Power Marine Centre Inc., General Electric, Attwood Corporation, Marina Power Company, Legrand North America LLC, Dock Boxes Unlimited, Gescan a Division of Sonepar Canada Inc., and MonoSystems Inc. |
COVID-19 scenario analysis:
- The global market for power pedestals is severely impacted by the outbreak of the COVID-19 pandemic.
- The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
- Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
- Thus, insufficiency in raw material supply is expected to hamper the production rate of power pedestals, which negatively impact the market growth.
- However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top impacting factors: market scenario analysis, trends , drivers, and impact analysis
With the rapid growth in urbanization, there is a steep increase demand for power in commercial, institutional and residential sectors of the society. Today major industries are focusing on temporary Power Distribution solutions which has boosted the power pedestals market. Major companies are investing on innovating new technologies to increase the efficiency of power pedestals for utilization in recreational parks, construction sites, marinas and other places. However the availability of substitutes for power pedestals along with the growing prominence of electrical distribution systems might act as a restraining factor for the market.
The market in the North America region dominates the global power pedestal market. This is because of the growing demand for advanced power solutions in the modern marinas, recreational parks, camping sites and other places in the developed nations such as the U.S. The market in the Asia Pacific region is also expected to grow steadily going to the infrastructure developments and growing demands for electricity in the emerging economies such as India and China.
Key segments covered:
Segments | Subsegments |
Type |
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Uses |
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Key benefits of the report:
- This study presents the analytical depiction of the global power pedestal industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global power pedestal market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global power pedestal market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global power pedestal market analysis depending on competitive intensity and how the competition will take shape in coming years.
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