The global market for Temporary Power is projected to reach US$8 billion by 2025

New York, Oct. 21, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Temporary Power Industry” – https://www.reportlinker.com/p05799785/?utm_source=GNW
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.
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