Press release
Low Voltage Switchgear Market 2018 Global Key Players: Hitachi, Siemens AG, Eaton, General Electric, Fuji Electric, Hubbell Incorporated, Rittal, ABB
Low Voltage Switchgear Global Market - Overview
The low voltage switchgears are combination of several electrical components such as circuit breakers, transformers, protection panels and disconnections. These are deployed in power circuits for effective distribution of power across various verticals.
Favourable government regulations for integration of sustainable energy sources and expansion of micro-grid networks are driving the market. The rising demand for renewable power generation and growth in construction and developments are fuelling the market growth. Increasing demand for establishment of distribution networks in developing regions are impelling the market growth.
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Key Players
Some of the prominent players in the global Low Voltage Switchgear Market: Eaton Corporation Plc. (Ireland), General Electric (U.S.), Mitsubishi Motors Corporation (Japan), Hitachi, Ltd. (Japan), Schneider Electric SE (France), Siemens AG (Germany), Fuji Electric Co., Ltd. (Japan), Hubbell Incorporated (U.S.), Rittal (Germany), ABB (Switzerland) among others.
Segments
The global low voltage switchgear market is segmented by protection, product, rated current, rated voltage, installation, and by application. By protection segment the market is sub-segmented into circuit breaker and fuse. The circuit breaker is further segmented into ACB, MCCB, MCB, MSP and MPCB. The fuse is sub-segmented into Fuse-switch disconnector, Switch disconnector with fuse and others. By product the market is segmented into fixed mounting, plug-in, and withdraw able. The rated current segmented into ≤ 1000 Ampere, 1001 to 5000 Ampere and > 5000 Ampere. The rated voltage consists of ≤ 250 Volt, 251 to 750 Volt and > 750 Volt. The installation segment consists of AC and DC. The application segment consists of substations, distribution, power factor correction, sub-distribution, and motor control.
Regional Analysis
The global color detection market is studied for Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific market accounts for the largest share in the low voltage switchgear market. It is observed that China low voltage switchgear market size is about to show significant growth towards the clean energy deployments. The nation has countersigned a substantial growth towards renewable adoption pertaining to its ambitious clean energy targets. Thereby, continuous adoption of sustainable energy technologies along with large scale energy demand from manufacturing plants will positively influence the product deployment.
Industry News
April, 18 Russelectric, a leading manufacturer of power control systems and automatic transfer switches, won order to supply paralleling switchgear to supply Charlotte Water for their water and wastewater treatment facilities. The switchgear helps in monitoring the incoming utility power. In the event of utility power failure, it benefits in shifting of critical emergency backup power to their facility in Charlotte, NC.
April, 18 - Schneider Electric SE European Multinational Corporation launched Premset which is suitable for low and medium power applications. The innovative compact and modular vacuum switchgear is built with 2SIS technology and allows network operators to increase safety and efficiency while minimizing downtime.
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Intended Audience
• Technology Investors
• Original Equipment Manufacturers
• Industrial end-users
• Government bodies
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