Product Code: KSI061614133
The global power distribution component market is expected to grow at a CAGR of 5.84%, reaching a market size of US$170.134 billion in 2030 from US$128.108 billion in 2025.
The rising demand for effective transmission and distribution (T&D) control systems drives the power distribution component market's growth. In addition, certain factors, such as expansion in the refurbishment market of the existing electrical systems and regulated and economic restructuring within the industry aims, are expected to propel the market's growth. Because most underdeveloped and developing nations have no fixed, reliable electricity supply, people have focused on a better power distribution setup. Furthermore, the market also grows due to government policies and huge funding towards building a sustainable energy distribution system.
Moreover, the market will also grow due to rapid urbanization and industrialization in developing countries like India and China. The construction sector is also estimated to drive market expansion with the increasing population. Due to the rising electric vehicle market, there is a demand for more energy infrastructure, which will support the power distribution component market growth.
Global power distribution component market drivers
- Rising demand for efficient transmission and distribution is contributing to the global power distribution component market growth
The growing preference for modernizing existing transmission and distribution control systems is among the major factors fueling market growth. National energy transmission & distribution losses stand at around 6% of the total US electricity generated annually. The use of material enhancements and inventive designs can enhance these technologies. To avoid increasing the cost of the technology, these enhancements will also have to focus on manufacturability.
Furthermore, the increasing demand for upgrades to electrical systems and the necessity for organizational and economic restructuring of other infrastructure will further enhance economic viability. The unavailability of a sound, reliable electricity infrastructure in many of the developing countries, coupled with the current push to install new systems in the developing countries, has also resulted in a conducive business environment. The factors driving the expansion of the enterprise include low prices, a non-hazardous operation, and a compact item.
Global power distribution component market geographical outlook
- North America is witnessing exponential growth during the forecast period
The development of regional industries will be supported by the growing focus on the expansion of long-distance distribution networks, as well as large-scale projects aimed at upgrading the local grid systems. There is an increasing focus on the need to modernize and rehabilitate the existing grid networks to cope with power outages and peak load scenarios. Urbanization and industrialization trends in the US and Canada are also anticipated to raise the electricity cravings of the region; hence, the necessity of quality power distribution components increases.
Reasons for buying this report:-
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Global Power Distribution Component market is segmented and analyzed as follows:
By Product
- Switchgear
- Switchboard
- Distribution Panel
- Motor control Panel
- Others
By Configuration
- Fixed Mounting
- Plug-in
- Withdrawable Unit
By Voltage Rating
- <11kV
- 11 to 33kV
- 33 to 66kV
- 66 to 132 kV
By Insulation
- Air
- Gas
- Oil
- Vacuum
- Others
By Installation
By Current
By Application
- Residential
- Commercial
- Industrial
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Market Overview
- 1.2. Market Definition
- 1.3. Scope of the Study
- 1.4. Market Segmentation
- 1.5. Currency
- 1.6. Assumptions
- 1.7. Base and Forecast Years Timeline
- 1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
- 2.1. Research Design
- 2.2. Research Processes
3. EXECUTIVE SUMMARY
- 3.1. Key Findings
- 3.2. CXO Perspective
4. MARKET DYNAMICS
- 4.1. Market Drivers
- 4.2. Market Restraints
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. Threat of New Entrants
- 4.3.4. Threat of Substitutes
- 4.3.5. Competitive Rivalry in the Industry
- 4.4. Industry Value Chain Analysis
- 4.5. Analyst View
5. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY PRODUCT
- 5.1. Introduction
- 5.2. Switchgear
- 5.3. Switchboard
- 5.4. Distribution Panel
- 5.5. Motor control Panel
- 5.6. Others
6. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY CONFIGURATION
- 6.1. Introduction
- 6.2. Fixed Mounting
- 6.3. Plug-in
- 6.4. Withdrawable Unit
7. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY VOLTAGE RATING
- 7.1. Introduction
- 7.2. <11kV
- 7.3. 11 to 33kV
- 7.4. 33 to 66kV
- 7.5. 66 to 132 kV
8. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY INSULATION
- 8.1. Introduction
- 8.2. Air
- 8.3. Gas
- 8.4. Oil
- 8.5. Vacuum
- 8.6. Others
9. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY INSTALLATION
- 9.1. Introduction
- 9.2. Indoor
- 9.3. Outdoor
10. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY CURRENT
- 10.1. Introduction
- 10.2. AC
- 10.3. DC
11. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY APPLICATION
- 11.1. Introduction
- 11.2. Residential
- 11.3. Commercial
- 11.4. Industrial
12. GLOBAL POWER DISTRIBUTION COMPONENT MARKET BY GEOGRAPHY
- 12.1. Introduction
- 12.2. North America
- 12.2.1. By Product
- 12.2.2. By Configuration
- 12.2.3. By Voltage Rating
- 12.2.4. By Insulation
- 12.2.5. By Installation
- 12.2.6. By Current
- 12.2.7. By Application
- 12.2.8. By Country
- 12.2.8.1. USA
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. South America
- 12.3.1. By Product
- 12.3.2. By Configuration
- 12.3.3. By Voltage Rating
- 12.3.4. By Insulation
- 12.3.5. By Installation
- 12.3.6. By Current
- 12.3.7. By Application
- 12.3.8. By Country
- 12.3.8.1. Brazil
- 12.3.8.2. Argentina
- 12.3.8.3. Others
- 12.4. Europe
- 12.4.1. By Product
- 12.4.2. By Configuration
- 12.4.3. By Voltage Rating
- 12.4.4. By Insulation
- 12.4.5. By Installation
- 12.4.6. By Current
- 12.4.7. By Application
- 12.4.8. By Country
- 12.4.8.1. Germany
- 12.4.8.2. France
- 12.4.8.3. UK
- 12.4.8.4. Spain
- 12.4.8.5. Others
- 12.5. Middle East and Africa
- 12.5.1. By Product
- 12.5.2. By Configuration
- 12.5.3. By Voltage Rating
- 12.5.4. By Insulation
- 12.5.5. By Installation
- 12.5.6. By Current
- 12.5.7. By Application
- 12.5.8. By Country
- 12.5.8.1. Saudi Arabia
- 12.5.8.2. UAE
- 12.5.8.3. Israel
- 12.5.8.4. Others
- 12.6. Asia Pacific
- 12.6.1. By Product
- 12.6.2. By Configuration
- 12.6.3. By Voltage Rating
- 12.6.4. By Insulation
- 12.6.5. By Installation
- 12.6.6. By Current
- 12.6.7. By Application
- 12.6.8. By Country
- 12.6.8.1. China
- 12.6.8.2. Japan
- 12.6.8.3. India
- 12.6.8.4. South Korea
- 12.6.8.5. Indonesia
- 12.6.8.6. Taiwan
- 12.6.8.7. Others
13. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 13.1. Major Players and Strategy Analysis
- 13.2. Market Share Analysis
- 13.3. Mergers, Acquisitions, Agreements, and Collaborations
- 13.4. Competitive Dashboard
14. COMPANY PROFILES
- 14.1. Eaton Corporation
- 14.2. Schneider Electric
- 14.3. ABB Ltd
- 14.4. L&T
- 14.5. Siemens AG
- 14.6. Powell
- 14.7. Hitachi Ltd
- 14.8. Aptiv
- 14.9. Mitsubishi Electric Corporation
- 14.10. HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD.
- 14.11. General Electric (GE)
- 14.12. Legrand SA
- 14.13. Panduit Corp
- 14.14. Leviton Manufacturing Co. Inc
- 14.15. Delta Electronics Inc.