Press release
Low Voltage Switchgear Market Detail Analysis focusing on Key Players like Siemens, Fuji Electric, GE, Mitsubishi, Hitachi, Schneider, Hubbell, Rittal, ABB, Hyosung, Powell, Larson & Toubro, Hyundai, Skema, Powertech Switchgear
Low Voltage Switchgear Market, Global Low Voltage Switchgear Market Size, Low Voltage Switchgear Industry
Global Low Voltage Switchgear Market will exceed USD 22 billion by 2024, according this new research report. The U.S. low voltage switchgear market is set to reach over an annual installation of 1 million units by 2024. Regulatory inclination towards the upgradation and retrofitting of aging distribution networks will escalate the product penetration. Adoption of cost effective units along with the deployment of smart LV control units have instituted a competitive business scenario. In addition, ongoing integration of renewable technologies to supersede the existing conventional electric networks will positively influence the industry dynamics.
Eminent players across the low voltage switchgear market are EATON, GE, Mitsubishi, Hitachi, Schneider, Siemens, Fuji Electric, Hubbell, Rittal, ABB, Hyosung, Powell, Larson & Toubro, Hyundai, Skema, Powertech Switchgear, E+I Engineering, Norelco, START, Al Hassan, and Lucy Electric.
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Favorable government norms pertaining to the integration of sustainable energy resources across residential and commercial establishments will fuel the low voltage switchgear market growth. Net metering, Feed in Tariff, subsidies, and tax rebates are some of the key reforms which will stimulate the product demand. Furthermore, rapid expansion of micro-grid networks to cater the increasing off-grid energy demand across emerging markets will further complement the business outlook.
Low voltage switchgear market from power factor correction is set to grow over 8% subject to the exponential upsurge in electric load capacity across developing regions adhered by rapid economic proliferation. Expansion of existing electric networks along with the rising peak load demand has instituted a plethora of distribution lines leading to frequent power lags and fluctuations.
Escalating energy demand from remote areas across Asia Pacific and African subcontinents have been among the key parameters driving the low voltage switchgear market share. However, global financial entities including the IFC, ADB and collaborated institutes have been economically assisting the regional power industry. Furthermore, increasing demand for the re-establishment of the impaired distribution networks across war affected Middle East nations including Sudan, Iraq and Syria will augment the industry.
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China low voltage switchgear market is set to grow subject to the positive outlook toward clean energy deployments. The nation has witnessed an appreciable growth towards renewable adoption pertaining to its ambitious clean energy targets. Thereby, ongoing adoption of sustainable energy technologies along with large scale energy demand from manufacturing plants will positively influence the product deployment.
Rapid Industrialization along with ongoing deployment of distributed power generation plants will foster the Germany low voltage switchgear market growth. The nation has been a hub to large scale manufacturing industries being deployed to sustain the rising demand for manufactured products. Thereby, high-end industrial power consumption coupled with increasing electricity demand from commercial and residential establishments will complement the business outlook.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Low voltage switchgear industry 360 degree synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Protection trends
2.1.3. Product trends
2.1.4. Rated current trends
2.1.5. Voltage rating trends
2.1.6. Installation trends
2.1.7. Current trends
2.1.8. Application trends
2.1.9. Regional trends
Chapter 3. Low Voltage Switchgear Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Canada
3.4.3. Korea
3.4.4. China
3.4.5. Japan
3.4.6. India
3.4.7. Germany
3.4.8. UK
3.4.9. France
3.4.10. Russia
3.5. Innovation and technology landscape
3.6. Operation & maintenance landscape
3.6.1. Extension, upgrades & retrofits
3.6.2. Maintenance
3.6.3. Service agreements
3.6.4. Training
3.6.5. Installation & commissioning
3.6.6. Replacements
3.6.7. Spares & consumables
3.7. Price trend analysis by, component
3.7.1. ACB
3.7.2. MCCB
3.7.3. MCB
3.7.4. MSP
3.7.5. MPCB
3.7.6. Fuses
3.7.7. LV switchgear
3.8. Price trend analysis by, region
For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/low-voltage-switchgear-market/?utm_source=OPR-SP
Related Report:
United States Low Voltage Switchgear Market Report 2018
In this report, the United States Low Voltage Switchgear market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-low-voltage-switchgear-market-report-2018?utm_source=RR-SP
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