Power Pedestals Market

Power Pedestals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Power Pedestals Market: Introduction

Power pedestals are charging stations that deliver custom power solutions for various end-use applications
These devices are largely designed for outdoor service to meet temporary power requirements at construction sites, marinas, and recreational vehicles. Power pedestals provide safe and reliable means for users to access electricity
Power pedestals are a convenient source of power to recharge golf carts and electric cars. They are useful for charging block heaters in cold climates. Traditionally, these pedestals were made of metal. Currently, they are often made of highly durable composite materials.

Key Drivers and Restraints of Power Pedestals Market:

Rise in demand for electricity in residential, commercial, and institutional sectors is anticipated to drive the adoption of power pedestals. According to the U.S. Energy Information Administration (EIA), electricity consumption in the U.S. stood at about 3.95 trillion kWh in 2018.
Power and energy utilities across the globe are focused on providing temporary power distribution. This has resulted in the increasing organization of substation automation, hence driving the market growth.
Availability of substitutes for power pedestals and increase in demand for electrical distribution systems are prominent challenges for the market. Furthermore, lack of skilled labor is negatively impacting the market.

Stainless Steel (SS) Power Pedestal Segment and Marina Power Application Segment to Offer Attractive Opportunities:

The power pedestals market can be segmented based on product, application, and region
Based on product, the global power pedestals market can be divided into stainless steel (SS) power pedestal, polycarbonate power pedestal, lightweight composites, aluminum power pedestal, and others. Stainless steel (SS) power pedestal segment is expected to expand at a rapid pace during the forecast period. Stainless steel power pedestals meet and exceed all applicable codes and withstand harsh inland and coastal environments. For long lasting durability and low maintenance, stainless steel pedestals are the highly resilient power centers.
The lightweight composites segment is expected to expand at a sluggish pace during the forecast period. Lightweight composites may not have sufficient mechanical strength to withstand harsh conditions.
Based on application, the power pedestals market can be segregated into marina power, construction site, recreational vehicle (RV) parks, and others
Marina power segment dominated the global power pedestal market in 2018
When power pedestal are used at a construction site, they are installed on a temporary basis until permanent electrical power is available at the building.

Asia Pacific Expected to Hold Significant Share of Global Power Pedestals Market:

In terms of region, the global power pedestals market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
North America dominated the global power pedestals market in 2018 owing to the presence of numerous camping sites, modern marinas, and river ports. Political stability, socio-economic reforms, and increase in demand for energy are expected to drive the development of power pedestals, thereby creating demand for the necessary machine parts, equipment, and components in the region
The market in Asia Pacific is anticipated to expand at a significant pace during the forecast period. Power consumption in Asia Pacific has increased considerably over the last few years. Strong growth of economy and rise in population have led to an increase in the consumption of power.
Rise in infrastructure development activities is also boosting the demand for electricity. China consumed 5,367 TWh of electricity in 2016. Its consumption rose to 5,683 TWh in 2017.
China, India, and Japan are the major countries of the power pedestals market in Asia Pacific
The market in Latin America and Middle East & Africa is estimated to expand at a sluggish pace during the forecast period

Key Developments:

In April 2015, Technology Research, a Southwire company, acquired Ensign Power Pedestals, a maker of RV and marine power pedestal products. The acquisition adds Ensign’s line of power pedestals to the Technology Research line of products that include the Surge Guard and Shoreline Reels.
In March 2018, AC Dandy Products Ltd introduced its new FLEX POST Power Pedestals. FLEX POST power pedestalsbend without breaking, and do not rip up their concrete base, eliminating public danger from broken wires by protecting the wiring housed inside

Key Players in Power Pedestals Market:

The global power pedestals market is highly concentrated, with the top companies accounting for approximately 45% to 50% share. Key players operating in the power pedestal market include