Power Pedestal Market Size

Power Pedestal Market size was valued at USD 177.92 million in 2024 and is anticipated to reach USD 327.28 million by the end of 2037, expanding at around 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of power pedestal is assessed at USD 184.75 million.

The rising electricity usage is responsible for the market's growth. The approval of the units is anticipated to be driven by an increase in arrogation for energy in the institutional, commercial, and residential sectors. The US Energy Information Administration estimates that in April 2020, the country's electricity usage was approximately 6.5 quadrillion British Thermal Units. In addition to being employed in residential, commercial, and industrial settings, electricity is also utilized in the highly competitive and cost-sensitive marine industry. In the marine industry, innovation and sustainability are the pinnacles of advanced technology used in harsh environments.

The use of power substations across the globe is expected to trigger an increase in market penetration. There are interconnection points in the power systems built by a transmission line. Transformers allow connections between voltage levels, and the circuit breakers' switching state allows for a network topology to be revealed. Therefore, this is predicted to drive the expansion of the power pedestal market in the projected period.