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    Power Distribution Component Market | Covid-19 Impact Analysis

    Power Distribution Component Market | Covid-19 Impact Analysis

    Power Distribution Component Market | Covid-19 Impact Analysis
    Report code - SRCE190 Delivery - 2 Weeks
    Power Distribution Component Market Size, Share, Trend, Forecast, & Industry Analysis See more...
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    Impact of COVID-19 on Power Distribution Component Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Power Distribution Component Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Power Distribution Component Market Insights

    Power Distribution Component market is likely to witness a healthy CAGR of 6% during the forecast period. The prime factors to drive the  power distribution components market are the increasing demand for effective T&D control systems, refurbishment & retrofit of existing grid infrastructure, expansion of micro-grid networks, rising peak load demand, and integration of a sustainable energy infrastructure.

    Power Distribution Component Market - Snapshot

    Growth

    6% for the next five years

    Major Product Type

    Distribution Panels

    Major Configuration Type

    Fixed Mount

    Dominant Insulation Type

    Vacuum

    Fastest-growing Installation Type

    Indoor

    Region with the Highest Growth

    North America

    Key Players

    ABB Ltd, Eaton Corporation, Fuji Electric Co., Ltd., GENERAL ELECTRIC, Hitachi, Ltd, Hubbell Power Systems, LARSEN & TOUBRO LIMITED, Powell Industries Inc., and Schneider Electric, and Siemens

     

    Market Share Analysis

    Power-Distribution-Component-Market-Dominant-Segments

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    Power Distribution Component Market Share: By Product Type

    Based on the product type, the market is segmented as switchgear, switchboard, distribution panel, motor control panels, and others. The distribution panels & circuit breakers dominated the power distribution component market in 2019, due to its applicability in a wide range of applications, from low voltage suburban networks to utility-based distribution infrastructure as well as its cost-effective nature.

    Power Distribution Component Market Share: By Configuration Type

    Based on the configuration type, the power distribution component market is segmented as fixed mounting, plug-in, and withdrawable. The fixed mount segment dominated the power distribution component market in 2019, and continues to dominate the market in the coming years as well.  Requirement for higher ampacity and voltage rating infrastructure makes fixed mount power distribution components an excellent choice for manufacturing units, process plants, oil & gas exploration & extraction, and similar industrial peripherals.

    Power Distribution Component Market Share: By Insulation Type

    Based on the insulation type, the market is segmented as air, gas, oil, vacuum, and others. Vacuum insulation governed the market in 2019, driven by high consumer reliability, leakage-free technology, and its economical price.

    Power Distribution Component Market Share: By Installation Type

    Based on the installation type, the power distribution component market is segmented as indoor and outdoor. The indoor power distribution component market is expected to grow at a faster rate during the forecast period, driven by the increasing space constraints and rising investments in R&D for the development of smart and compact control equipment.

    Power Distribution Component Market Share: By Region

    In terms of regions, North America is estimated to be the largest as well as the fastest-growing power distribution component market during the forecast period, driven by the increasing investment of the US government for the development of new electric networks and the gradual shift towards high-quality systems from the traditional electrical equipment.

    Power-Distribution-Component-Market-By-Region

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    Some of the major power distribution component manufacturers are-

    • ABB Ltd
    • Eaton Corporation
    • Fuji Electric Co., Ltd.
    • GENERAL ELECTRIC
    • Hitachi, Ltd
    • Hubbell Power Systems
    • Larsen & Toubro Limited
    • Powell Industries Inc.
    • Schneider Electric
    • Siemens.

     

    Market Scope & Segmentation

    Power distribution components are the electrical equipment which regulate the distribution of electrical power to different types of equipment.

    These components distribute electrical power to numerous systems on an automotive vehicle or to different machines in a factory.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Power Distribution Component Market Research Report - Features

    Market Segmentation

    8

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The power distribution component market is segmented into the following categories. 

    Power Distribution Component Market Size, Share, & Forecast, by Product Type:

    • Switchgear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Switchboard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Distribution Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Motor Control Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Configuration Type:

    • Fixed Mounting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plug - in (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Withdrawable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Voltage Rating Type:

    • < 11 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 11 kV to 33 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • > 33 kV to 66 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • > 66 kV to 132 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Insulation Type:

    • Air (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vacuum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Installation Type:

    • Indoor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Outdoor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Current Type:

    • AC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • DC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Application Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial
    • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • (Commercial Application Type Analysis: Education, Healthcare, Hospitality, Communication & Data Centers, Commercial stores, and Others)
    • Industrial
    • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • (Industrial Application Type Analysis: Manufacturing, Mining & Metal, Process, Transportation, Oil & Gas, and Others)
    • Utility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Power Distribution Component Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Power Distribution Component Market in the foreseeable future?

    The power distribution component market is expected to witness an impressive growth of 6% CAGR in the foreseeable future.

    Who are the key players in the Power Distribution Component Market?

    ABB Ltd, Eaton Corporation, Fuji Electric Co., Ltd., GENERAL ELECTRIC, Hitachi, Ltd, Hubbell Power Systems, Larsen & Toubro Limited, Powell Industries Inc., and Schneider Electric, and Siemens are among the key players in the power distribution component market.

    Which country/region is expected to be the largest Power Distribution Component Market?

    North America is expected to be the largest power distribution component market during the next five years.

    What are the factors driving the growth of Power Distribution Component Market?

    Some of the factors driving the power distribution components market are the increasing demand for effective T&D control systems, refurbishment & retrofit of existing grid infrastructure, expansion of micro-grid networks, rising peak load demand, and integration of a sustainable energy infrastructure.

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