Market Overview:
The global low-voltage assemblies market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low-voltage assemblies in industrial, residential, and power supply & distribution applications. Low-voltage assemblies are used in various applications such as industrial, residential, power supply & distribution, and others. These assemblies are used for controlling and regulating voltage levels in various systems.
Product Definition:
Low-voltage assemblies are electrical assemblies that operate at or below 48 volts. They are used in a variety of applications, including commercial and industrial settings. Low-voltage assemblies offer several benefits over their high-voltage counterparts, including safety, efficiency, and cost savings.
Low Voltage Switchgear:
Low voltage switchgear is a category of electrical equipment designed to protect the main electricity supply from damage due to fault currents up to a certain value. The equipment can be divided into two broad categories, namely low-voltage switchgear for systems with a voltage range between 100 V and 1,000 V and high-voltage switchgear for systems with a voltage range above 1,000V.
Power Distribution Panels:
Power distribution panels are used in low-voltage assemblies to provide power required for the operation of equipment. They consist of a set of electrical wires that are enclosed in a plastic or metal sheath and then covered with insulating material, usually fiberglass. Power is supplied to the various devices by plugging them into these panels.
Application Insights:
The power supply & distribution segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing demand for GIS from various industries including oil & gas, construction, etc. is expected to drive the product demand in this application segment over the next eight years.
The industrial applications include chemical plants and petroleum refineries among others where high reliability and durability of equipment are required.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rapid urbanization in the region. The growing manufacturing sector, especially in China and India, is anticipated to drive the product demand over the forecast period. In addition, rising electricity consumption due to population growth and economic development will also support regional market growth.
The European region accounted for more than 25% of global revenue share in 2017 on account of high penetration rates for low voltage switchgears observed across major countries such as Germany (26%), France (23%) Italy (19%) Spain (18%).
Growth Factors:
- Increasing demand for low-voltage assemblies in automotive and transportation sector
- Growing demand for miniaturized and lightweight assemblies
- Rising popularity of electric vehicles
- Proliferation of Internet of Things (IoT) devices
- Increasing demand from the medical device industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-voltage Assemblies Market Research Report
By Type
Low Voltage Switchgear, Power Distribution Panels, Control Boxes, Others
By Application
Industrial, Residential, Power Supply & Distribution, Others
By Companies
Eaton, ABB, Schneider Electric, GE, Siemens, Emerson, Hyosung, Powell Industries, Rockwell Automation, DELTA, Mitsubishi Electric, First Electrical, Sendall Power, Jiuquan Huajie, Botuo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Low-voltage Assemblies Market Report Segments:
The global Low-voltage Assemblies market is segmented on the basis of:
Types
Low Voltage Switchgear, Power Distribution Panels, Control Boxes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Residential, Power Supply & Distribution, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- ABB
- Schneider Electric
- GE
- Siemens
- Emerson
- Hyosung
- Powell Industries
- Rockwell Automation
- DELTA
- Mitsubishi Electric
- First Electrical
- Sendall Power
- Jiuquan Huajie
- Botuo Electric
Highlights of The Low-voltage Assemblies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage Switchgear
- Power Distribution Panels
- Control Boxes
- Others
- By Application:
- Industrial
- Residential
- Power Supply & Distribution
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low-voltage Assemblies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low-voltage assemblies are electrical components that use voltages below the typical voltage levels found in commercial power systems. These components can be used to reduce the overall system cost and complexity, or to improve performance by allowing for increased speeds and/or reduced power requirements.
Some of the major companies in the low-voltage assemblies market are Eaton, ABB, Schneider Electric, GE, Siemens, Emerson, Hyosung, Powell Industries, Rockwell Automation, DELTA, Mitsubishi Electric, First Electrical, Sendall Power, Jiuquan Huajie, Botuo Electric.
The low-voltage assemblies market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low-voltage Assemblies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low-voltage Assemblies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low-voltage Assemblies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low-voltage Assemblies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low-voltage Assemblies Market Size & Forecast, 2018-2028
4.5.1 Low-voltage Assemblies Market Size and Y-o-Y Growth
4.5.2 Low-voltage Assemblies Market Absolute $ Opportunity
Chapter 5 Global Low-voltage Assemblies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low-voltage Assemblies Market Size Forecast by Type
5.2.1 Low Voltage Switchgear
5.2.2 Power Distribution Panels
5.2.3 Control Boxes
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low-voltage Assemblies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low-voltage Assemblies Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Power Supply & Distribution
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low-voltage Assemblies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low-voltage Assemblies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low-voltage Assemblies Analysis and Forecast
9.1 Introduction
9.2 North America Low-voltage Assemblies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low-voltage Assemblies Market Size Forecast by Type
9.6.1 Low Voltage Switchgear
9.6.2 Power Distribution Panels
9.6.3 Control Boxes
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low-voltage Assemblies Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Power Supply & Distribution
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low-voltage Assemblies Analysis and Forecast
10.1 Introduction
10.2 Europe Low-voltage Assemblies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low-voltage Assemblies Market Size Forecast by Type
10.6.1 Low Voltage Switchgear
10.6.2 Power Distribution Panels
10.6.3 Control Boxes
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low-voltage Assemblies Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Power Supply & Distribution
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low-voltage Assemblies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low-voltage Assemblies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low-voltage Assemblies Market Size Forecast by Type
11.6.1 Low Voltage Switchgear
11.6.2 Power Distribution Panels
11.6.3 Control Boxes
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low-voltage Assemblies Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Power Supply & Distribution
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low-voltage Assemblies Analysis and Forecast
12.1 Introduction
12.2 Latin America Low-voltage Assemblies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low-voltage Assemblies Market Size Forecast by Type
12.6.1 Low Voltage Switchgear
12.6.2 Power Distribution Panels
12.6.3 Control Boxes
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low-voltage Assemblies Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Power Supply & Distribution
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low-voltage Assemblies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low-voltage Assemblies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low-voltage Assemblies Market Size Forecast by Type
13.6.1 Low Voltage Switchgear
13.6.2 Power Distribution Panels
13.6.3 Control Boxes
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low-voltage Assemblies Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Power Supply & Distribution
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low-voltage Assemblies Market: Competitive Dashboard
14.2 Global Low-voltage Assemblies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 ABB
14.3.3 Schneider Electric
14.3.4 GE
14.3.5 Siemens
14.3.6 Emerson
14.3.7 Hyosung
14.3.8 Powell Industries
14.3.9 Rockwell Automation
14.3.10 DELTA
14.3.11 Mitsubishi Electric
14.3.12 First Electrical
14.3.13 Sendall Power
14.3.14 Jiuquan Huajie
14.3.15 Botuo Electric
