The global market for Temporary Power is
projected to reach US$8 billion by 2025, driven by the growth in construction projects
and the need for site preparation with the necessary infrastructure that
includes electrical power supply. Temporary power is critical for construction
projects to power onsite construction machinery and tools such as powered
tools, and lighting etc. required to support the construction activities, site
workforce and equipment.
Residential construction, commercial construction
and public works require electricity to be delivered onsite. Temporary power
can be provided in two basic configurations i.e. overhead and underground.
Long-term projects with higher electrical loads and safety issues often require
underground provision of temporary power via underground placement of
electrical cables, trenching, and wiring. The market is therefore benefiting
from the recovering construction activity in most countries across the global
and the huge opportunities in the retrofit market driven by global ‘green’
building standards will also influence growth in the market. Recovery
in construction which began in 2011 in the aftermath of the great recession is
continuing even today, albeit with slight bumps and turns. This is largely
because of the success with which the industry has and continues to evolve and
adapt to changes in labor availability, technology and economic turmoil.
Digital technologies for concept, design, engineering and building; rise of
AR/VR in digital construction; connected construction; smart on-site equipment;
increase in modular and prefabricated construction; use of Building Information
Monitoring (BIM), automation , robotics, AI, Drones and 3D Printing etc. have
helped the industry fight the changing economic realities and remain afloat.
Healthy outlook for global investments in construction technologies (Contech)
also bodes well for the overall outlook for the construction industry in 2020. Read More…
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