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)
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.
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.
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. |