Global $19.8 Billion Low Voltage Protection & Control Market Opportunity Outlook (2019-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 21, 2019--
The “Low Voltage Protection and Control Market by Product Type (Protection Equipment, Switching Equipment, and Monitoring Devices), End-use (Residential, Commercial, and Industrial (Oil & Gas, EV Charging), and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The low voltage protection and control market is estimated to be USD 13.18 billion in 2018 and is projected to reach USD 19.79 billion by 2025, at a CAGR of 5.97% during the forecast period.
Major factors driving the growth of the low voltage protection and control market include increasing demand for renewable energy sources, growing per capita consumption of energy, and demand for safe and secure electrical systems. High costs of monitoring devices and gray market and the presence of inferior quality products could act as restraints for the growth of the low voltage protection and control market.
The major players of the low voltage protection and control market are Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), and Emerson (US).
The low voltage protection and control market is segmented by product, end-user, and region. The study covers the key regions of North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to hold the largest market share during the forecast period. The low voltage protection and control market in the Asia Pacific region is mainly driven by increasing investments in the manufacturing sector in Southeast Asia, increasing rural electrification, and rising focus on the grid modernization.
- Growing Per Capita Consumption of Energy
- Increasing Demand for Renewable Source of Energy
- Demand for Safe and Secure Electrical Distribution Systems
- High Cost of Monitoring Devices
- Gray Market and Presence of Inferior Quality Products
- Growth of EV Charging Infrastructure
- Growth of Data Centers
- Uncertainty in the Execution of Large Infrastructure Projects
- Price Competition Among Major Players
Why Buy this Report?
- The report identifies and addresses key markets for low voltage protection and control, which would help manufacturers to review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Low Voltage Protection and Control Market
4.2 Low Voltage Protection and Control Market, By Product
4.3 Low Voltage Protection and Control Market, By End-User
4.4 Low Voltage Protection and Control Market in APAC, By End-User and Countries
5 Market Overview
5.2 Market Dynamics
6 Low Voltage Protection & Control Market, By Product
6.2 Monitoring Devices
6.2.1 Increasing Energy Efficiency Targets and Growing Smart Grid and Metering Systems are Driving the Market for Monitoring Devices
6.3 Protection Equipment
6.3.1 Need for Reliable and Safe Electrical Distribution System is Driving the Protection Equipment Market
6.4 Switching Equipment
6.4.1 Need for Continuous Power Supply for Critical Application is Driving the Switching Equipment Market
7 Low Voltage Protection and Control Market, By End-User
7.2.1 Growing Urbanization and Increasing Per Capita Consumption of Energy are Expected to Drive the Residential Sector
7.3.1 Growing Renewable Energy Installation and Energy Efficiency Requirements are Expected to Drive the Commercial Sector
7.4.1 Growing Electric Vehicle Infrastructure and Data Center Establishments are Expected to Drive the Industrial Sector
8 Low Voltage Protection and Control Market, By Region
8.2 North America
8.3 Asia Pacific
8.5 Middle East & Africa
8.6 South America
9 Competitive Landscape
9.2 Market Share Analysis
9.3 Competitive Scenario
9.3.1 New Product Launches, 2016-2018
9.3.2 Contracts & Agreements, 2016-2017
9.3.3 Mergers & Acquisitions, 2016-2018
9.3.4 Investments & Expansion, 2015-2017
9.4 Competitive Leadership Mapping
9.4.1 Visionary Leaders
10 Company Profile
10.1 Company Benchmarking
10.3 Eaton Corporation
10.4 Fuji Electric Co. Ltd.
10.6 Rockwell Automation
10.7 Schneider Electric
10.10 Chint Group
10.13 Toshiba Corporation
For more information about this report visit https://www.researchandmarkets.com/r/he30r
View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005430/en/
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Related Topics:Electrical Switches
INDUSTRY KEYWORD: ENERGY UTILITIES
SOURCE: Research and Markets
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PUB: 05/21/2019 06:12 AM/DISC: 05/21/2019 06:12 AM