Low Voltage Switchgear Market Research Report Information By Protection (Circuit, Breaker, Fuse), By Product (Fixed mounting, Plug-in, Withdraw able), By Installation (Indoor, Outdoor), By Application (Smartphone Applications, Lighting As-A-Service), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
New York, US, Feb. 22, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), “Low Voltage Switchgear Market Research Report Information By Protection, By Product, By Installation, By Application, And By Region – Market Forecast Till 2030”, the global low voltage switchgear market is expected to garner USD 132.01 billion by 2030, expanding at a 5% CAGR during the assessment period (2022-2030).
Low Voltage Switchgear Market Overview
The low voltage switchgear market is likely to grow steadily in the years to come. Ongoing digital transformation and growing automation in energy sectors worldwide will drive market growth. Low-voltage (LV) switchgears ensure a continuous flow of the electricity required to power business operations and support hybrid workforces. LV switchgears are usually custom-built to suit site requirements using a configurable modular design. Low voltage switchgears are used in power distribution and continuity solutions. They also find applications in digital substations, railway infrastructures, and offshore wind farms.
The low voltage switchgear industry is expanding rapidly, mainly due to the wide range of commercial and small-scale industrial applications of this type of switchgears. Product penetration will further aid in integrating mobile multipurpose modules in various commercial and industrial applications. Besides, the growing installations of outdoor circuit breakers due to rising infrastructure improvements influence the market value.
Leading low voltage switchgear market players are
Fuji Electric Co. Ltd. (Japan)
Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/5365
Rising investments in renewable energy sources lead to the construction of new substations and upgrades existing ones. As the number of renewable energy projects increases, the number of substations installations is expected to increase further. Rising power generation capacity additions and investments in transmission & distribution worldwide increase the use of low voltage switchgears.
Low Voltage Switchgear Market Geographical Analysis
APAC dominates the global low voltage switchgear market, witnessing vast investments. The continually growing demand for power and energy-efficient electrical devices drives the market growth. Besides, government measures to control energy consumption and spillage boost the region's market share. Also, substantial investments in developments and upgrades of utility grid infrastructures substantiate the market size.
Moreover, rapid developments in renewable power generation sources and infrastructural activities in the region push the low voltage switchgear market value. Japan, China, India, South Korea, and Australia account for sizable market shares. In China and India, many infrastructure development activities, such as modernizing and constructing new transmission lines and distribution networks, are seen accelerating.
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Product Type, Operating Platforms, and Region
New product launches and R&D Amongst major key Players
Favorable government regulation towards the integration of sustainable energy resources across residential and commercial establishments Rapid expansion of micro-grid networks provides the increasing off-grid energy
Browse In-depth Market Research Report (100 Pages) on Low Voltage Switchgear Market:
https://www.marketresearchfuture.com/reports/low-voltage-switchgear-market-5365
Global energy consumption is growing exponentially with the continually growing population. Also, rapid industrialization and urbanization worldwide increase energy demand. Therefore, governments take up various initiatives to boost energy production and encourage people to minimize power consumption optimally. They introduce reliability improvement programs to optimize energy supply and reduce energy wastage.
Regulators accentuate automating various energy sector processes, especially monitoring power leakages that further add to energy wastage. Low-voltage switchgear plays a key role in controlling and protecting the power system. However, environmental protection performance is a more attractive advantage of these switchgears.
Advances in switchgear technology have simplified renewable connections, providing auto-synchronization. Growing smart grid technology implementation across developed economies creates substantial market demand. With the rapidly increasing activities to establish a smart grid, the demand for more compact, dependable, and environmentally friendly switchgears that enable easy installation and need lesser commissioning time is growing steadily.
As the need for renewable energy integration accelerates, utilities will ramp up the deployment of intelligent switchgear. Grid infrastructures worldwide are undergoing a mass transformation, witnessing vast investments toward upgrades of aging grid infrastructures. Also, growing regulatory targets to replace existing grids with smart grids are expected to increase further over the next few years.
https://www.marketresearchfuture.com/check-discount/5365
Low Voltage Switchgear Market Segments
The low voltage switchgear market is segmented into products, protection, installation, applications, and regions. The product segment is sub-segmented into fixed mounting, plug-ins, and withdrawable. During the projection period, plug-in installations will expand rapidly due to simple installation and strong mechanical stability of plug-in low voltage switchgears.
The protection segment is sub-segmented into circuit breakers and fuses. Of these, the circuit breaker segment holds the leading market share due to the low space requirements and strong dielectric properties of these devices. The installation segment is sub-segmented into indoor and outdoor. The outdoor installation segment holds the biggest market share due to growing numbers of solar and wind power facilities.
The application segment is sub-segmented into smartphones and lighting as-a-service. Of these, the smartphone segment holds the largest market share and is expected to register the highest CAGR during the assessment period. The region segment is bifurcated into the MEA, Americas, Asia-Pacific, Europe, and rest-of-the-world.
The low voltage switchgear market witnesses several strategic approaches, including expansions, collaborations, mergers & acquisitions, and product launches. Industry players strive to bolster local manufacturing and skills development in the energy management sector. These players also invest strategically in driving their research and development activities and expansion plans.
https://www.marketresearchfuture.com/ask_for_schedule_call/5365
For instance, recently, on Jan.31, 2023, Vertiv, a leading global critical digital infrastructure & continuity solutions provider, announced the expansion of its factory in Ras Al Khaimah to support its low voltage switchgears, integrated modular solutions (IMS) and busway businesses. The extension of Vertiv's existing E+I Powerbar Gulf factory includes an additional 5,700 sq m of production and office area.
The addition will also enable the company to proactively address the increasing demand for its products and services. This strategic investment in the manufacturing network will enhance Vertiv's global business operations, as well as allow it to cater to the needs of customers in the Middle East, Africa, Australia, and South Asia regions.
Gas Insulated Switchgear Market Research Report: Information by Voltage, Installation, End-User, and Region - Global Forecast till 2030
Air Insulated Switchgear Market Research Report Information By Voltage, By Installation, By End-User, and By Region-Forecast till 2030
Paralleling Switchgear Market Research Report: Information by Voltage, by Application, by End-Use and By Region - Forecast till 2030
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
While Buffett's stock picks may seem appealing, heed another piece of his advice: "I don’t think most people are in a position to pick single stocks."
Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.
SVB Financial Group fell more than 22% in the extended session Thursday as reports surfaced that several funds are advising clients to pull their money from Silicon Valley Bank.
(Bloomberg) -- Peter Thiel’s Founders Fund and several other high-profile venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic about the bank’s financial situation in tech startup circles.Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesPeter Thiel’s Founders Fund Advises Companies to Withdraw Money From SVBIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Biden to Urg
Spring is coming up , and investors will need to break out the crystal ball when looking at the market conditions. There’s a growing consensus that even though inflation is down from last summer’s peak, it has plateaued at a high level. Watching the situation from banking giant JPMorgan, CEO Jamie Dimon takes the view that we won’t be getting back to the Fed target of 2% any time soon. Furthermore, while Dimon hails an economy that is “doing quite well” with plenty of jobs to go round, he also s
SVB Financial Group stock plummeted Thursday after it sold assets for a loss following a decline in deposits. SVB’s troubles came as the Silicon Valley-based lender was forced to sell securities to realign its portfolio in response to higher interest rates while it manages lower deposit levels from clients, many of which are in the venture capital arena and burning through cash. The selloff caused traders to take a closer look at all bank stocks—particularly their deposits—causing the (BKX) to fall 7.7%, its worst showing since June 11, 2020, when it fell 9%.
It's tough to teach an old dog new tricks and it doesn't look like Warren Buffett will be switching up his style anytime soon. Buffett's Berkshire Hathaway purchased nearly 5.8 million shares of oil company Occidental Petroleum over the past few trading sessions, paying between $59.80 and $61.90 between last Friday and Tuesday, according to a regulatory filing. While the purchase was the first time since September the firm has raised its stake in the company, the $350 million investment brings Berkshire's totals stake in Occidental to over 200 million shares worth $12.2 billion.
Small things can lead to big reactions, and that seems to be the case with bank stocks on Thursday, as a huge loss at SVB Financial has caused stocks like JPMorgan Chase, Bank of America and Wells Fargo to get pummeled. Silicon Valley Bank’s parent, SVB Financial (ticker: SIVB), said Wednesday night that it had sold securities from its portfolio for a $1.8 billion loss, while also announcing plans to raise capital via an offering of common and preferred stock. SVB Financial stock tumbled 60% to $106.04 on Thursday, its largest drop ever.
(Bloomberg) -- Oracle Corp. reported quarterly sales in line with analysts’ estimates after its cloud business failed to meet expectations for higher growth. The shares declined in extended trading.Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesPeter Thiel’s Founders Fund Advises Companies to Withdraw Money From SVBIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Biden to Urge 25% Billionaire Tax, Levies on Rich InvestorsWarner Bros. Delay
DocuSign shares were trading lower after the electronic-signature software company posted better-than-expected results. DocuSign (ticker: DOCU) posted fiscal fourth-quarter adjusted earnings per share of 65 cents, topping the consensus estimate of 52 cents, according to FactSet. The software company’s shares fell as much as 8% in after-hours trading following the release.
Advanced Micro Devices (AMD) closed at $84.03 in the latest trading session, marking a -1.57% move from the prior day.
Bionano Genomics, Inc. (BNGO) delivered earnings and revenue surprises of -44.44% and 0.32%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The S&P 500 plunged below its 200-day line as SVB Financial triggered a sell-off in bank stocks. The February jobs report looms.
Prudential (PRU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Allegro MicroSystems and PDD stock join nine other top-rated growth stocks eyeing 50% to 166% EPS growth this year.
Here's what the storied conglomerate discussed at an investor event Thursday. GE stock rallied after the event.
Shares of SVB Financial Group (SIVB) are cratering after the holding company for Silicon Valley Bank announced it was seeking to raise $2.25 billion in stock sales in order to shore up its financial position.
A hawkish Jerome Powell is upending market expectations of a "no landing" scenario.
As the Federal Reserve looks to raise interest rates, where does that leave the stock market going next? Let's look at the technicals.
Shares of one of tech's biggest names have come under relentless pressure over the past year as its CEO pursued a quixotic quest to develop the next big thing. Oppenheimer analyst Jason Helfstein's annual price target indicates that Meta Platforms could see as much as a 27% jump in stock price over the coming year. For years, Meta has been at the forefront of virtual reality and artificial intelligence technology.