DUBLIN–(BUSINESS WIRE)–The “Power Distribution Component Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.

Power distribution component refers to equipment which is used to regulate distribution of electric power from transmission frameworks to particular end use equipment or consumers. A real world scenario would include the components used to regulate distribution of power to various machines in a factory or to use various systems in a car. They have a critical role to play not only in the distribution of power but also to ensure safety and protection of end use equipment and personnel operating it. Designed to distribute power, these components are capable of handling high and medium voltage and distributing it according to the power demand of the end use equipment.

The rise in the demand of power distribution components is propelled due to the need of effective transmission and distribution control systems needed for refurbishing old electric systems and the addition of such components to prevent systems failures or accidents in electric systems. With industrialization, the need for such components is ever increasing, especially in the developing economies. The fiscal & regulatory restructuring across the large-scale industries combined with administrative and financial rebuilding has boosted the demand for such components. Being economical, adaptable and having wide application, these components have wide relevance not only for industries and institutions but for individual consumers as well. Some of the widely used power distribution components are switchgear, switchboard, distribution panel, motor control Panel among others. While having various applications, components such as switchgear are used to switch devices on or off and can be used in the control of low, medium, or high voltage power distribution, while also having new age applications like being used on cryptocurrency farms for mining cryptocurrencies like bitcoin.

With rapid digitisation across industries the need for power distribution components is bound to grow, however, despite the components themselves being economical, the installation costs of these components remains high acting as a restraint to the market growth and more widespread adoption. Also being quite large in size, limited space may hinder the component’s operational capability and in turn effect the market growth.

Companies Mentioned

  • Eaton Corporation
  • Schneider Electric
  • ABB Ltd
  • L&T
  • Siemens AG
  • Powell
  • Hitachi Ltd
  • E+I Engineering
  • Mitsubishi Electric Corporation

COVID-19 Pandemic

Delivery of raw materials required for manufacturing power distribution components, restrictions on cross-border trade and movements and plateauing investments for the development of new power distribution components due to the novel COVID-19 crisis also had a negative impact on the growth of the power distribution component market

Mergers and Acquisitions

  • In June 2019, Japan’s Fuji Electric Co. acquired Consul Neowatt Power Solutions Pvt Ltd
  • In July 2018, BB announced its acquisition of GE Industrial Solutions in a $2.6 billion deal.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Global Power Distribution Component Market Analysis, By Product

5.1. Introduction

5.2. Switchgear

5.3. Switchboard

5.4. Distribution Panel

5.5. Motor control Panel

5.6. Others

6. Global Power Distribution Component Market Analysis, By Configuration

6.1. Introduction

6.2. Fixed Mounting

6.3. Plug-in

6.4. Withdrawable Unit

7. Global Power Distribution Component Market Analysis, By Voltage Rating

7.1. < 11 kV

7.2. 11 to 33 kV

7.3. 33 to 66 kV

7.4. 66 to 132 kV

8. Global Power Distribution Component Market Analysis, By Insulation

8.1. Air

8.2. Gas

8.3. Oil

8.4. Vacuum

8.5. Others

9. Global Power Distribution Component Market Analysis, By Installation

9.1. Indoor

9.2. Outdoor

10. Global Power Distribution Component Market Analysis, By Current

10.1. AC

10.2. DC

11. Global Power Distribution Component Market Analysis, By Application

11.1. Residential

11.2. Commercial

11.3. Industrial

12. Global Power Distribution Component Market Analysis, by Geography

12.1. Introduction

12.1.1. United States

12.1.2. Canada

12.1.3. Mexico

12.2. South America

12.2.1. Brazil

12.2.2. Argentina

12.2.3. Others

12.3. Europe

12.3.1. United Kingdom

12.3.2. Germany

12.3.3. France

12.3.4. Others

12.4. The Middle East and Africa

12.4.1. Saudi Arabia

12.4.2. Israel

12.4.3. Others

12.5. Asia Pacific

12.5.1. China

12.5.2. Japan

12.5.3. India

12.5.4. Australia

12.5.5. Others

13. Competitive Environment and Analysis

13.1. Major Players and Strategy Analysis

13.2. Emerging Players and Market Lucrativeness

13.3. Mergers, Acquisitions, Agreements, and Collaborations

13.4. Vendor Competitiveness Matrix

14. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/x3icjp



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