According to Precedence Research, The power distribution component market size garnered US$ 102.10 billion in 2020 and is expected to generate US$ 183.1 billion by 2030, manifesting a CAGR of 6.1% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The power distribution component market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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 Power Distribution Component Market.
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Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global power distribution component market include:
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.
Power Distribution Component Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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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
Power Distribution Component 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.
Power Distribution Component 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.
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.
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.
Power Distribution Component Market Segments Covered
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
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Research Objective
- To provide a comprehensive analysis of the power distribution component industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global power distribution component market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the power distribution component
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
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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