Dublin, Feb. 11, 2019 (GLOBE NEWSWIRE) -- The "Low Voltage Protection and Control Market by Product Type (Protection Equipment, Switching Equipment, and Monitoring Devices), End-use (Residential, Commercial, and Industrial (Oil & Gas, EV Charging), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The low voltage protection and control market is estimated to be USD 13.18 billion in 2018 and is projected to reach USD 19.79 billion by 2025, at a CAGR of 5.97% during the forecast period.
The low voltage protection and control market includes various equipment that enhances protection, connectivity, real-time operational reliability, and smart analytics for low voltage architectures in end markets such as commercial, residential, and industrial. This includes various protection equipment, switching equipment, and monitoring devices, which help protect the electrical system from faults, isolate the load from its source of energy to perform maintenance activities, and provide real-time and historical data of the energy consumption to the end-users. The low voltage protection and control market is segmented by product, end-user, and region. The study covers the key regions of North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to hold the largest market share during the forecast period. The low voltage protection and control market in the Asia Pacific region is mainly driven by increasing investments in the manufacturing sector in Southeast Asia, increasing rural electrification, and rising focus on the grid modernization. Major factors driving the growth of the low voltage protection and control market include increasing demand for renewable energy sources, growing per capita consumption of energy, and demand for safe and secure electrical systems. High costs of monitoring devices and gray market and the presence of inferior quality products could act as restraints for the growth of the low voltage protection and control market.
The major players of the low voltage protection and control market are Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), and Emerson (US).
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Low Voltage Protection and Control Market 4.2 Low Voltage Protection and Control Market, By Product 4.3 Low Voltage Protection and Control Market, By End-User 4.4 Low Voltage Protection and Control Market in Apac, By End-User and Countries 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Per Capita Consumption of Energy 5.2.1.2 Increasing Demand for Renewable Source of Energy 5.2.1.3 Demand for Safe and Secure Electrical Distribution Systems 5.2.2 Restraints 5.2.2.1 High Cost of Monitoring Devices 5.2.2.2 Gray Market and Presence of Inferior Quality Products 5.2.3 Opportunities 5.2.3.1 Growth of Ev Charging Infrastructure 5.2.3.2 Growth of Data Centers 5.2.4 Challenges 5.2.4.1 Uncertainty in the Execution of Large Infrastructure Projects 5.2.4.2 Price Competition Among Major Players 6 Low Voltage Protection & Control Market, By Product 6.1 Introduction 6.2 Monitoring Devices 6.2.1 Increasing Energy Efficiency Targets and Growing Smart Grid and Metering Systems are Driving the Market for Monitoring Devices 6.3 Protection Equipment 6.3.1 Need for Reliable and Safe Electrical Distribution System is Driving the Protection Equipment Market 6.4 Switching Equipment 7 Low Voltage Protection and Control Market, By End-User 7.1 Introduction 7.2 Residential 7.2.1 Growing Urbanization and Increasing Per Capita Consumption of Energy are Expected to Drive the Residential Sector 7.3 Commercial 7.3.1 Growing Renewable Energy Installation and Energy Efficiency Requirements are Expected to Drive the Commercial Sector 7.4 Industrial 7.4.1 Growing Electric Vehicle Infrastructure and Data Center Establishments are Expected to Drive the Industrial Sector 8 Low Voltage Protection and Control Market, By Region 9 Competitive Landscape 9.1 Overview 9.2 Market Share Analysis 9.3 Competitive Scenario 9.3.1 New Product Launches, 2016-2018 9.3.2 Contracts & Agreements, 2016-2017 9.3.3 Mergers & Acquisitions, 2016-2018 9.3.4 Investments & Expansion, 2015-2017 9.4 Competitive Leadership Mapping 10 Company Profiles
- ABB
- Chint Group
- Eaton Corporation
- Emerson
- Fuji Electric Co. Ltd
- Hitachi
- Legrand
- Rockwell Automation
- Schneider Electric
- Siemens
- Toshiba Corporation
- WEG
- Yaskawa
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