Power Distribution Component Market - Trends Forecast Till 2028

Power Distribution Component Market, By Product( Switchgear, Switchboard, Distribution Panel, Motor Control Panels, Others), Configuration (Fixed Mounting, Plug-in, Withdrawable), Voltage Rating(< 11 kV, 11 to 33 kV, 33 to 66 kV, 66 to 132 kV), Insulation (Air, Gas, Oil, Vacuum, Others) Installation (Indoor, Outdoor), Current (AC, DC), Application( Residential, Commercial, Industrial) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: July, 2021

Base Year Estimate: 2020

Report ID: D-EN-PDCM-265

Format:  

Number of Pages: 265

Domain: Energy

Power Distribution Component Market – Trends Forecast Till 2028

Global Power Distribution Component market is anticipated to reach USD 98.9 billion in 2021 growing at a CAGR of 6.5% during the forecasting period, 2021-2028.

Power distribution component includes the electrical equipment and other equipment that are used to regulate the power distribution process. The two main components of power distribution are Switch gear and switch boards. There are three basic types of distribution system designs: Radial, Loop, or Network. Amongst the three Radial design is easier and cheaper to build and is used in less populated areas for power distribution.

With an increased demand for electricity along with the expansion of smart grid network are some of the factors that have supported long-term expansion for Power Distribution Component industry.

Power Distribution Component Market Analysis

Global Power Distribution Component market is segmented into Product, Configuration, Voltage Rating, Insulation, Current and geography.

Product segment is segmented into Switchgear, Switchboard, Distribution Panel, Motor Control Panels, Others

Configuration segment is segmented into Fixed Mounting, Plug-in, Withdrawable

Voltage rating segment is segmented into < 11 kV, 11 to 33 kV, 33 to 66 kV, and 66 to 132 kV

Insulation segment is segmented into Air, Gas, Oil, Vacuum, Others

Current segment is segmented into AC, DC

Geographically, global Power Distribution Component market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in global Power Distribution Component market are GE, ABB, Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell, Fuji Electric, L&T, E+I Engineering, Lucy Electric, Al Hassan Engineering, START, Norelco, Skema, Mitsubishi, Rittal, Hyundai, Hyosung, and CG among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Power Distribution Component market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Power Distribution Component market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Power Distribution Component market.

Primary Respondent breakdown is given below:

Power Distribution Component Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Power Distribution Component market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Power Distribution Component market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 98.9 billion

Growth Rate

CAGR of 6.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Product, Configuration, Voltage Rating, Insulation, Current and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

GE, ABB, Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell, Fuji Electric, L&T, E+I Engineering, Lucy Electric, Al Hassan Engineering, START, Norelco, Skema, Mitsubishi, Rittal, Hyundai, Hyosung, and CG

Available Customization

In addition to the market data for Power Distribution Component market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement.

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