Press release
Power Distribution Component Market Share and Forecast (2019-2025): Top Players Are, Eaton, Schneider, GE, ABB, L&T, Siemens, Powell, Hitachi, E+I Engineering, START
Power Distribution Component Market
Circuit breakers and distribution panels in the current industry scenario have gained impetus owing to their diverse applicability and product versatility across electric distribution infrastructure. These units yield wide scale deployment across diverse applications ranging between utility-based distribution network and low voltage suburban infrastructure. The industry players and manufacturers have shifted their focus towards the effective distribution and development of these products augmenting the overall power distribution component market.
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Prominent market participants :
• ABB
• GE
• Eaton
• Siemens
• Schneider
• Hitachi
• Hubbell
• Powell
• Fuji Electric
• E+I Engineering
• L&T
• Lucy Electric
• START
• Norelco
• Al Hassan Engineering
• Skema
• Rittal
• Hyundai
• Mitsubishi
• Hyosung
• and CG
Power distribution component market from indoor installation is predicted to grow at a rate of over 10% by 2025. Growing space constraints in line with rapid fund allocation in research and development for the expansion of compact and smart control equipment will boost the product penetration. Continuous fund flow across commercial and residential establishments including private and public apartments, educational premises, offices, data and communication centers coupled with similar space restraint will further sway the business dynamics.
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group of products to be enclosed. Ongoing development of low-voltage distribution infrastructure across commercial and residential deployments have positively influenced the < 11kV power distribution component market.
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AC units will witness an upsurge on account of the key product configurations including lesser heat generation, economical losses, flexible & efficient high-end voltage levels. Conducting properties, ease of transformation and handling will further strengthen the business potential. Furthermore, economic machinery cost, competitive lay-down costs, ease of manufacture and installation are the essential parameters stimulating the power distribution component market.
The power distribution component market across Asia Pacific, Middle East and Africa has observed significant growth on account of the growing demand for effective T&D systems. Rising demand for retrofitting of existing electrical setup coupled with increasing fund allocation across the power sector will sway the industry growth. In 2018, regulators across Saudi Arabia have planned a fund flow of USD 133 Billion for its Water and Energy projects.
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Eminent power distribution component market players include Eaton, Schneider, GE, ABB, L&T, Siemens, Powell, Hitachi, E+I Engineering, START, Al Hassan Engineering, Skema, Hubbell, Norelco, Rittal, Mitsubishi, Fuji Electric, Hyundai, Lucy Electric, CG and Hyosung.
Power Distribution Component market research report includes in-depth coverage of the industry with estimates & forecast in terms “Units” and “USD" from 2014 to 2025, for the following segments:
Power Distribution Component Market, By Product
• Switchgear
• Switchboard
• Distribution Panel
• Motor Control Panels
• Others
Power Distribution Component Market, By Configuration
• Fixed Mounting
• Plug-in
• Withdrawable
Power Distribution Component Market, By Voltage Rating
• < 11 kV
• 11 to 33 kV
• > 33 to 66 kV
• > 66 to 132 kV
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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