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What's driving the Low Voltage Switchgear Market Share? GE, Siemens, Schneider, L&T, ABB, Mitsubishi, Eaton, Hyosung, Norelco START, Fuji, Skema, Hubbell, Hitachi, Powell

04-10-2019 06:59 AM CET | Energy & Environment

Press release from: marketstudyreport.com

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What's driving the Low Voltage Switchgear Market Share? GE,

Market Study Report LLC adds 2019-2025 Global Low Voltage Switchgear market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

The U.S. low voltage switchgear market is anticipated to grow at a rate of over 5% by 2025. Initiations by government toward the upgradation and replacement of conventional distribution networks in line with rising demand for cost efficient products will fuel the business outlook. In 2017, the U.S. regulators, announced an investment over USD 600 million in compliance with their Electrification Project hovering across the Peninsula Corridor.

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Circuit breaker infused low voltage switchgear market is expected to grow at a rate of over 6% by 2025. Operational safety along with ability to reset, pose immense expansion potential across grids having persistent current faults and outages. In addition, these products on account of their wide application across industrial and utility-based installations will further positively influence the industry landscape.

Low Voltage Switchgear Market in 2018 surpassed an annual installation of 30?000 thousand units and is predicted to exceed USD 80?000 million by 2025. Increasing rural energy demand coupled with ongoing amendments incorporating with security & safety of supply will foster the industry landscape. Furthermore, the reinstallation of power distribution infrastructure in warfare prone Middle East nations will further stimulate the product demand.

In 2018, fixed mounted units accounted for over 40% of the global LV switchgear market share. The incorporation of limited adjoining parts coupled with low breakdown rate have inviolably influenced the unit installation across the industry.

By 2025, the 1000 Ampere Low Voltage switchgear market is anticipated to exceed USD 18 billion. The products on account of wide application across process industries, infrastructure and power sectors in line with expanding decentralized energy networks will observe substantial development across the forecast timeline.

Rising demand for effective fault clearance facility supported by enhanced product efficiencies will fuel the demand for Direct Current (DC) LV switchgear market. The versatile operational support for Alternating Current (AC) circuits interconnection favored by lesser operational losses will further propel the product adoption.

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Indoor LV switchgear market is expected to grow on account of growth in the real estate sector across developing countries. Significant growth in infrastructure investment from private funding institutions backed by regulatory reforms and initiatives have infused a competitive business outlook.

Government and regulatory directives have ever since affected utility backed distribution grid networks regarding the setup of electrical infrastructure. The decentralized micro-grid networks integration across grid isolated areas and favorable government regulations toward rural electrification will stimulate the LV switchgear market share.

Leading LV switchgear market players include GE, Siemens, Schneider, ABB, Mitsubishi, Eaton, Hyundai Electric, Hyosung, E+I Engineering, Norelco START, L&T, Fuji, Skema, Hubbell, Hitachi, Al Hassan Engineering, Powell and Lucy Electric.

Table of content:

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.2.1 Abbreviations

1.3 Market estimation and forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Low voltage switchgear market 360 degree synopsis, 2014 - 2025

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, 2014 - 2025 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Power distribution digital landscape

3.4.1 IT/OT convergence

3.4.2 Internet of Things

3.4.3 Data analytics

3.4.4 Cyber security

3.5 Regulatory landscape

3.5.1 U.S.

3.5.1.1 Sulphur Hexafluoride (SF6)

3.5.1.2 Key Elements of the Regulation

3.5.1.3 Environmental Objectives

3.5.1.4 Affected Entities

3.5.2 Canada

3.5.2.1 C22.2 NO. 31-14 - Switchgear assemblies

3.5.3 Europe

3.5.3.1 EU-F-Gas-regulation 842/2006

3.5.3.1.1 Recovery

3.5.3.1.2 Recycling

3.5.3.1.3 Reclamation

3.5.3.1.3 Destruction

3.5.4 UK

3.5.4.1 Disposal & post-maintenance

3.5.4.2 EU Directive 96/59/EC -Disposal of Polychlorinated Biphenyls and Polychlorinated Terphenyls

3.5.5 Germany

3.5.5.1 (IEC 62271-200: 2011); German version EN 62271-200: 2012

3.5.5.2 EU regulation of fluorinated greenhouse gases and HFCs

3.5.5.3 National regulation of fluorinated greenhouse gases and HFCs

3.5.6 France

3.5.6.1 Directive 96/92/EC

3.5.6.2 Directive 2003/54/EC

3.5.6.3 Directive 2009/72/EC

3.5.7 Russia

3.5.7.1 Technical Regulations (TR TC 032/2013)

3.5.8 China

3.5.8.1 The Electric Power Law of the People's Republic of China

3.5.8.2 China Compulsory Certification (CCC Marking) - Low Voltage Switchgear Products

3.5.8.2.1 Objective

3.5.8.3 13th Five-year Plan

3.5.9 Korea

3.5.10 India

3.5.10.1 Indian Electrical Equipment Industry Mission Plan 2012-2022

3.5.11 Japan

3.5.11.1 Electricity Deregulation

3.5.11.2 Development wide-area electrical grids

3.5.11.3 Liberalization of power generation

3.5.11.4 Neutralization of power transmission and distribution sector

3.6 Innovation & technology landscape

3.6.1 2018

3.6.2 2017

3.6.3 2016

3.6.4 2015

3.7 Industry evolution & outlook

3.7.1 1995 to 2005

3.7.2 2005 to 2010

3.7.3 2010 to 2017

3.7.4 Prospects

3.8 Product trends and outlook toward low voltage distribution components

3.8.1 Miniature circuit breakers (MCB)

3.8.2 Residual Circuit Breaker with Overload (RCBO)

3.8.3 Residual Current Circuit Breakers (RCCB)

3.8.4 Molded Case Circuit Breakers (MCCB)

3.8.5 Air Circuit Breakers (ACB)

3.8.6 Control gears

3.9 Operations & maintenance landscape

3.9.1 Services (Product related)

3.9.2 Services and solutions, superordinate

3.9.3 Onsite Condition Assessment include

3.9.4 Condition monitoring and diagnostics

3.9.5 Remote services

3.9.6 Asset management and advisory services

3.10 Price trend analysis

3.10.1 By region

3.11 Electricity markets and ownership structures, 2017

3.11.1 U.S.

3.11.2 China

3.11.2.1 Market structure under new electricity system reform

3.11.2.2 Composition of China's electricity market and analysis of business interface

3.11.2.3 Power Generation Enterprise and Its Business Interfaces.

3.11.2.3.1 Power Supplier

3.11.2.3.2 Auxiliary Service Provider

3.11.2.4 Power Grid Enterprise and Its Business Interface.

3.11.2.5 Suppliers and Its Business Interface.

3.11.2.6 Power Consumers' Rights and Responsibilities.

3.11.2.7 Trading Institution and Its Business Interfaces.

3.11.3 Europe

3.11.4 India

3.11.4.1 Market Size

3.11.4.2 Investment Scenario

3.11.4.3 Government Initiatives

3.11.4.4 The Road Ahead

3.12 Global energy investment scenario, 2017

3.12.1 Energy end-use and efficiency

3.12.2 Electricity and renewables

3.12.3 Key financing and funding trends

3.12.4 Innovation & new technologies

3.13 Global power and utility outlook

3.14 Customer group requirement

3.15 Key customer requirement

3.15.1 Residential & Commercial

3.15.2 Industrial

3.16 Entry barrier

3.17 Switchgear component analysis

3.17.1 Devices in Switchgear

3.17.2 Major Components

3.18 Insulation landscape

3.18.1 Air-insulated switchgear

3.18.2 Gas-insulated switchgear

3.18.3 Hybrid switchgear

3.18.4 Vacuum switchgear

3.18.5 Solid-insulated switchgear

3.18.6 Intelligent switchgear

3.18.7 Conclusion

3.19 Import/export landscape

3.19.1 Low voltage protection equipment

3.19.2 High voltage protection equipment

3.20 Industry impact forces

3.20.1 Growth drivers

3.20.1.1 North America, Europe

3.20.1.1.1 Expansion of smart grid networks

3.20.1.1.2 Refurbishment & retrofit of existing grid infrastructure

3.20.1.2 Asia Pacific

3.20.1.2.1 Rising peak load demand

3.20.1.2.2 Expansion of micro-grid networks

3.20.1.2.3 Grid stability & security of supply concerns

3.20.1.3 MEA, CIS and Latin America

3.20.1.3.1 Increasing electricity demand

3.20.1.3.2 Integration of a sustainable energy infrastructure

3.20.2 Industry pitfalls & challenges

3.20.2.1 Slow paced technological evolution across developing regions

3.20.2.2 High dependency on imports

3.21 Growth potential analysis

3.22 Porter's analysis

3.23 Competitive landscape, 2018

3.23.1 Strategy dashboard

3.23.1.1 ABB

3.23.1.1.1 Product Launch

3.23.1.1.2 New Factory Setup

3.23.1.2 Eaton

3.23.1.2.1 New Manufacturing Facility

3.23.1.3 Schneider Electric

3.23.1.3.1 New Product Launch

3.23.1.4 Siemens

3.23.1.4.1 Collaboration

3.23.1.5 Hitachi Limited

3.23.1.5.1 Acquisition

3.23.1.6 Hubbell Power Systems

3.23.1.6.1 Acquisition

3.23.1.7 E + I Engineering

3.23.1.7.1 Product Launch

3.23.1.8 Lucy Electric

3.23.1.8.1 Acquisition

3.23.1.9 Al Hassan Engineering Co. S.A.O.G. (AHEC)

3.23.1.9.1 New Factory Setup

3.23.1.10 Mitsubishi Electric Corporation

3.23.1.10.1 New Production Facility

3.23.1.11 Hyundai Electric & Energy Systems

3.23.1.11.1 MoU

3.24 PESTEL analysis

Chapter 4 Low Voltage Switchgear Market, By Protection

4.1 Low voltage switchgear market share by protection, 2018 & 2025

4.2 Circuit Breakers

4.2.1 Global market from circuit breakers, 2014 - 2025

4.2.2 Global market from circuit breakers, by region, 2014 – 2025.

For more information on this report at: https://www.marketstudyreport.com/reports/low-voltage-switchgear-market/?utm_source=Openpr.com-SP

Related Report:

Global Low Voltage Switchgear Market Insights, Forecast to 2025

The Low Voltage Switchgear market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Low Voltage Switchgear.

https://www.marketstudyreport.com/reports/global-low-voltage-switchgear-market-insights-forecast-to-2025?utm_source=Marketwatch-SP

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