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
- HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD.
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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