March 28, 2024

Power Distribution Component Market Set to Surpass US$ 107.7 Billion by 2030

According to a news release by Precedence Research, the global power distribution component market size is expected to pass the $183.1 billion mark by 2030 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2021-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1351

The power distribution component is electrical equipment that regulates the power distribution to different parts of the electronic devices. It has deep penetration in high voltage utility and in the industrial power distribution networks.

The Government interest in developing efficient energy distribution infrastructure is anticipated to create huge opportunities for the growth of the Power Distribution Component Market.

Crucial factors accountable for market growth are:

  • Increase in demand for effective T&D control systems.
  • Rapid urbanization and industrialization in the developing economies foster the market growth.
  • Rise in demand for refurbishment of prevailing electrical setup coupled with regulatory & fiscal restructuring across the industrial sector.
  • Government interest and heavy investment in developing efficient energy distribution infrastructure

Market Dynamics

Driver – The rise in demand for the development of effective T&D control systems is the primary factor that drives the growth of the market. Furthermore, the Government interest in developing robust energy infrastructures is also fostering the market growth. For instance, On 8th April 2021, Schneider Electric, the leader in the digital transformation of energy management and automation, announced the launch of EcoStruxureTM Rail in India. The company hopes to create a collaborative digital environment for safe, efficient, reliable, and sustainable metro train operations across the country with its end-to-end digital solution.

Restraint – The major restraining factor that will negatively impact the growth of the Power Distribution Component Market includes the high installation cost of the electrical components and the large size of electric components in case of limited space.

Challenges – The large size of electrical components may hamper the component’s operational capability and this is factor is expected to be a major challenge encountered by the market.

Regional Snapshots

North America leads the power distribution component market contributing US$ xx in 2020 and will continue to grow remarkably in the upcoming years owing to the heavy Government investments in developing refurbishment of domestic electric infrastructure and long-distance distribution networks. For instance, On 3rd February 2021, GE Power Conversion and BLP Industry.AI have signed a Memorandum of Understanding (MOU) whereby the parties have agreed to work together to provide next generation AI technology and asset performance management solutions to help wind farm operators to maximize their asset availability and reliability. The technical expertise of GE Power Conversion’s Engineering Design Centre (EDC), in Chennai, India, will support, through software and analytics, the Asset Performance Management solutions for sector specific applications in marine, metals and renewable, etc., globally.

Report Highlights

  • The distribution panels & circuit breakers component segment is expected to lead the market with largest revenue share in the upcoming years
  • The fixed mount Configuration type segment of the Power Distribution Component Market is estimated to lead the market with remarkable market share in 2020
  • The < 11kV voltage rating type segment accounted largest revenue share in 2020
  • The indoor Installation type segment of the market is estimated to lead the market with significant revenue share in 2020
  • By Geography, North America holds a significant share in 2020 in the market in terms of revenue share because of the Government investment for developing long-distance distribution networks & refurbishment of domestic electric infrastructure.

Recent Developments

  • On 15th July 2021, GSI has chosen GE Power Conversion to design, develop, manufacture, engineer, install, and commission power converters for the ring accelerator SIS100’s main dipole and quadrupole magnets at the new Facility for Antiproton Ion Research (FAIR) in Darmstadt, Germany.
  • On 14th October 2021, ABB has been selected to assist Basel in its transition to sustainable e-bus operations by 2027. The contract is part of BVB’s ambition to switch its whole bus fleet to battery power operations.
  • On 12th July 2021, Schneider Electric,a global leader in the design and manufacture of complete laboratory solutions, has announced a strategic partnership with Kewaunee Scientific Corporation’s International Division, a world leader in the design and production of next-generation smart labs of the future. This alliance will encourage Schneider Electric’s advancements in digital transformation and the integration of new-age technologies in the life sciences, healthcare, diagnostic and other segments requiring top-performing laboratories.
  • On 4th August 2021, Lucy Electric provides load shedding solutions in South Africa. As Power continuity is critical for business and economic growth, and disruptions to the quality of supply on the distribution network can often lead to an interruption of power.

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the 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. 

Segments Covered in the Report

By Product

  • Switchgear
  • Switchboard
  • Distribution panel
  • Motor control panels
  • Others

By Configuration

  • Fixed mounting
  • Plug-in
  • Withdrawable

By Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Others

By Installation

  • Indoor
  • Outdoor

By Voltage Rating

  • < 11 kV
  • 11 kV to 33 kV
  • > 33 kV to 66 kV
  • > 66 kV to 132 kV

By Current

  • AC
  • DC

By Application

  • Residential
  • Commercial
  • Industrial

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Application Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Power Distribution Component Market 

5.1. COVID-19 Landscape: Power Distribution Component Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Power Distribution Component Market, By Product Type

8.1. Power Distribution Component Market, by Product Type, 2021-2030

8.1.1. Switchgear

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Switchboard

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Distribution panel

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Motor control panels

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Power Distribution Component Market, By Configuration Type

9.1. Power Distribution Component Market, by Configuration Type, 2021-2030

9.1.1. Fixed mounting

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Plug-in

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Withdrawable

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Power Distribution Component Market, By Insulation Type 

10.1. Power Distribution Component Market, by Insulation Type, 2021-2030

10.1.1. Air

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Gas

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Oil

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Vacuum

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Power Distribution Component Market, By Installation Type

11.1. Power Distribution Component Market, by Installation Type, 2021-2030

11.1.1. Indoor

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Outdoor

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Power Distribution Component Market, By Voltage Rating

12.1. Power Distribution Component Market, by Voltage Rating, 2021-2030

12.1.1. < 11 kV

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. 11 kV to 33 kV

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. > 33 kV to 66 kV

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. > 66 kV to 132 kV

12.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Power Distribution Component Market, By Application

13.1. Power Distribution Component Market, by Configuration Type, 2021-2030

13.1.1. Residential

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Commercial

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Industrial

13.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Power Distribution Component  Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.1.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.1.4. Market Revenue and Forecast, by Installation (2017-2030)

14.1.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.1.6. Market Revenue and Forecast, by Application (2017-2030)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.7.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.1.7.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.1.7.4. Market Revenue and Forecast, by Installation (2017-2030)

14.1.8. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.1.8.1. Market Revenue and Forecast, by Application (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Installation (2017-2030)

14.1.10. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.1.11. Market Revenue and Forecast, by Application (2017-2030)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.2.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.2.4. Market Revenue and Forecast, by Installation (2017-2030)

14.2.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.2.6. Market Revenue and Forecast, by Application (2017-2030)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.2.9. Market Revenue and Forecast, by Installation (2017-2030)

14.2.10. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.2.10.1. Market Revenue and Forecast, by Application (2017-2030)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.2.12. Market Revenue and Forecast, by Installation (2017-2030)

14.2.13. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.2.14. Market Revenue and Forecast, by Application (2017-2030)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.15.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.2.15.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.2.15.4. Market Revenue and Forecast, by Installation (2017-2030)

14.2.16. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.2.16.1. Market Revenue and Forecast, by Application (2017-2030)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.17.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.2.17.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.2.17.4. Market Revenue and Forecast, by Installation (2017-2030)

14.2.18. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.2.18.1. Market Revenue and Forecast, by Application (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.3.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.3.4. Market Revenue and Forecast, by Installation (2017-2030)

14.3.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.3.6. Market Revenue and Forecast, by Application (2017-2030)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.7.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.3.7.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.3.7.4. Market Revenue and Forecast, by Installation (2017-2030)

14.3.8. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.3.9. Market Revenue and Forecast, by Application (2017-2030)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Installation (2017-2030)

14.3.11. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.3.11.1. Market Revenue and Forecast, by Application (2017-2030)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.12.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.3.12.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.3.12.4. Market Revenue and Forecast, by Installation (2017-2030)

14.3.12.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.3.12.6. Market Revenue and Forecast, by Application (2017-2030)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.13.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.3.13.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.3.13.4. Market Revenue and Forecast, by Installation (2017-2030)

14.3.13.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.3.13.6. Market Revenue and Forecast, by Application (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.4.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.4.4. Market Revenue and Forecast, by Installation (2017-2030)

14.4.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.4.6. Market Revenue and Forecast, by Application (2017-2030)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.7.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.4.7.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.4.7.4. Market Revenue and Forecast, by Installation (2017-2030)

14.4.8. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.4.9. Market Revenue and Forecast, by Application (2017-2030)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Installation (2017-2030)

14.4.11. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.4.12. Market Revenue and Forecast, by Application (2017-2030)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.13.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.4.13.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.4.13.4. Market Revenue and Forecast, by Installation (2017-2030)

14.4.13.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.4.13.6. Market Revenue and Forecast, by Application (2017-2030)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.14.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.4.14.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.4.14.4. Market Revenue and Forecast, by Installation (2017-2030)

14.4.14.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.4.14.6. Market Revenue and Forecast, by Application (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.5.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.5.4. Market Revenue and Forecast, by Installation (2017-2030)

14.5.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.5.6. Market Revenue and Forecast, by Application (2017-2030)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.7.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.5.7.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.5.7.4. Market Revenue and Forecast, by Installation (2017-2030)

14.5.8. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.5.8.1. Market Revenue and Forecast, by Application (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Configuration (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Insulation (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Installation (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Voltage Rating (2017-2030)

14.5.9.6. Market Revenue and Forecast, by Application (2017-2030)

Chapter 15. Company Profiles

15.1. GE

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. ABB

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Eaton

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Schneider

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Siemens

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Hitachi

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Powell

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Hubbell

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Fuji Electric

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. L&T

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

15.11. E+I Engineering

15.11.1. Company Overview

15.11.2. Product Offerings

15.11.3. Financial Performance

15.11.4. Recent Initiatives

15.12. Lucy Electric

15.12.1. Company Overview

15.12.2. Product Offerings

15.12.3. Financial Performance

15.12.4. Recent Initiatives

15.13. Al Hassan Engineering

15.13.1. Company Overview

15.13.2. Product Offerings

15.13.3. Financial Performance

15.13.4. Recent Initiatives

15.14. START

15.14.1. Company Overview

15.14.2. Product Offerings

15.14.3. Financial Performance

15.14.4. Recent Initiatives

15.15. Norelco

15.15.1. Company Overview

15.15.2. Product Offerings

15.15.3. Financial Performance

15.15.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global power distribution component market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for power distribution component are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable. 

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1351

Contact Us:         

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →