Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

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 ...

The global market for Marine Gensets is projected to reach US$6.3 billion by 2025 driven by the healthy growth outlook for shipbuilding, repairs, overhaul and maintenance. Macro factors supporting these opportunities include steady expansion in seaborne trade volume; stable spending on tourism/commercial voyages and the resulting increased demand for recreational vessels.   The encouraging outlook for sea trade comes despite the threat of trade wars, protectionist trade policies, and increasing regulations such as the International Maritime Organization (IMO) 2020. Trade patterns will be supported by new trends such as digitalization which will redefine the geography of trade flow. Artificial intelligence, big data, Internet of Things (IoT), automation, blockchain will transform supply chains and create new business opportunities. Digitalization of port and shipping services will reduce cost of maritime transport and will help increase volume of traded commodities via sea. I...

The global market for Residential Generators is forecast to exceed US$11.5 billion by 2024 , driven by growing prominence of smart generators integrated with smart technologies and connectivity enabling accessible, efficient, and affordable backup power for the powerless. Given the changing lifestyles, continued penetration of household electronic appliances, and growing reliance on smartphones and mobile communication and information technology devices, there has been and will always be huge demand for uninterrupted electricity that can power these devices and enable them run even during prolonged power outages. As machines designed to provide temporary electrical power to households during utility power supply outages, residential generators have become highly popular over the years and currently represent a multi-billion dollar market. The need for uninterrupted power supply is essentially crucial for certain critical applications such as home-based medical equipment, home heater...