Market Overview:
The global low voltage load switch 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 load switches from power plants, power substations, and industrial and mining enterprises. In addition, the growing demand for energy-efficient solutions is also contributing to the growth of this market. The oilimmersed type segment is expected to dominate the global low voltage load switch market during the forecast period. This segment accounted for a majority share of the global market in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
A low voltage load switch is a device that allows an operator to safely turn on or off power to a low voltage load, such as a motor or lamp. Low voltage load switches are typically used in industrial and commercial settings where it is necessary to control the power going to specific devices.
Oilimmersed Type:
Oilimmersed (OI) technology is a method of imparting fluidity to polymeric materials without the use of conventional solvents. It involves treating the material with an oil-based emulsifier, which allows for easier processing and reduces viscosity. The technology has been around for decades; however, only recently has it gained widespread acceptance in various industries such as automotive and electrical & electronics manufacturing.
Vacuum Type:
Vacuum type is a load switch technology that uses the principle of vacuum to generate an electric signal. It is used in low voltage load switches and it can handle loads up to 1,000 A. Vacuum type switches are mainly used for switching medium-high current at low voltage levels; they are suitable for applications such as arc furnaces, heating systems, and others.
Application Insights:
Based on application, the global low voltage load switch market has been segmented into power plant, power sub-station and industrial and mining enterprises. Power plants are anticipated to be the largest segment owing to growing demand for energy across various end-use industries such as residential, commercial and public buildings. The growth of these sectors is directly related to increasing electricity generation capacity across countries such as India, China Japan etc.
The construction industry is also expected to witness significant growth over the forecast period due to rapid urbanization in developing countries coupled with strong economic development in mature economies of North America Europe & Asia Pacific regions. This factor along with rising demand for electrical appliances such as refrigerators heat pumps etc., from residential consumers will drive product demand over the forecast period.
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 demand for power infrastructure in emerging economies, such as China and India. The growing industrial sector in these countries is anticipated to boost product demand further. Moreover, rising investments by governments for expanding the power capacity are likely to drive industry growth over the forecast period.
This factor will augment market penetration rates of low voltage load switches across European countries during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for low voltage load switches is expected to grow at a CAGR of more than 7% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient devices across the globe.
- Rising popularity of smart homes: The growing popularity of smart homes is another major factor driving the growth of the low voltage load switch market. Smart homes are equipped with advanced features that help conserve energy, which in turn drives the demand for low voltage load switches.
- Proliferation of Internet of Things (IoT): The proliferation of IoT is another key factor fueling the growth of the low voltage load switch market as it enables interconnectedness among various devices, thereby creating new opportunities for this market segment.
- Growing investments in renewable energy sources: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power, which is likely to drive up demand for low voltage load switches in coming years. 5) Technological advancements: Ongoing technological advancements are resulting in innovative products being launched in the global low voltage load switch market, thereby propelling its growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Load Switch Market Research Report
By Type
Oilimmersed Type, Vacuum Type
By Application
Power Plant, Power Substation, Industrial and Mining Enterprises
By Companies
Siemens, Schneider, Feidiao, Simon, Panasonic, TCL, Clipsal, Lonon, SOBEN, Siemens
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Load Switch Market Report Segments:
The global Low Voltage Load Switch market is segmented on the basis of:
Types
Oilimmersed Type, Vacuum Type
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
Power Plant, Power Substation, Industrial and Mining Enterprises
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:
- Siemens
- Schneider
- Feidiao
- Simon
- Panasonic
- TCL
- Clipsal
- Lonon
- SOBEN
- Siemens
Highlights of The Low Voltage Load Switch 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:
- Oilimmersed Type
- Vacuum Type
- By Application:
- Power Plant
- Power Substation
- Industrial and Mining Enterprises
- 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 Load Switch 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?
A low voltage load switch is a device that allows you to turn off or on specific loads at specific voltages. This can be helpful if you have multiple appliances that use different voltages, or if you want to reduce the amount of energy used by a particular appliance.
Some of the key players operating in the low voltage load switch market are Siemens, Schneider, Feidiao, Simon, Panasonic, TCL, Clipsal, Lonon, SOBEN, Siemens.
The low voltage load switch 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 Load Switch 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 Load Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage Load Switch 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 Load Switch 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 Load Switch Market Size & Forecast, 2020-2028
4.5.1 Low Voltage Load Switch Market Size and Y-o-Y Growth
4.5.2 Low Voltage Load Switch Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Oilimmersed Type
5.2.2 Vacuum Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Power Substation
6.2.3 Industrial and Mining Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Load Switch 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 Load Switch 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Oilimmersed Type
9.6.2 Vacuum Type
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 Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Power Substation
9.10.3 Industrial and Mining Enterprises
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Oilimmersed Type
10.6.2 Vacuum Type
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 Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Power Substation
10.10.3 Industrial and Mining Enterprises
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Oilimmersed Type
11.6.2 Vacuum Type
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 Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Power Substation
11.10.3 Industrial and Mining Enterprises
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Oilimmersed Type
12.6.2 Vacuum Type
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 Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Power Substation
12.10.3 Industrial and Mining Enterprises
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Oilimmersed Type
13.6.2 Vacuum Type
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) Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Power Substation
13.10.3 Industrial and Mining Enterprises
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 Load Switch Market: Competitive Dashboard
14.2 Global Low Voltage Load Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Schneider
14.3.3 Feidiao
14.3.4 Simon
14.3.5 Panasonic
14.3.6 TCL
14.3.7 Clipsal
14.3.8 Lonon
14.3.9 SOBEN
14.3.10 Siemens
