Market Overview:
The global low voltage switchboards market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low voltage switchboards from commercial and industrial applications, and the growing awareness about energy efficiency among consumers. Based on type, the global low voltage switchboards market can be segmented into single front and double front switchboards. The single front type is expected to account for a larger share of the market than double front type during the forecast period. This can be attributed to its lower cost as compared to double front switchboards and its easy installation process. Based on application, the global low voltage switchboard market can be segmented into commercial application, industrial application, residential application, and others (including transportation sector and data centers). Commercial applications are expected to account for a larger share of this market than other applications during the forecast period owing to their high demand from businesses across different industries such as retail, hospitality & tourism, healthcare & pharmaceuticals etc.
Product Definition:
A switchboard is a board or panel on which electrical switches are mounted. It is also the name for an enclosure that houses such a board or panels. Low voltage switchboards are those rated at less than 600 volts AC or 1000 volts DC.
Single Front:
Single front is a type of switchboard used in low voltage switchboards. It has one main bus and all the conductors are brought out from it and connected to the devices or equipment. The single front board is mainly used in places where there are not enough outlets for proper distribution of circuits, for instance, a building with only two floors where there would be need of only one circuit at a time on each floor.
Double Front:
Double front is a type of insulation where two sheets of insulation are placed in series with no air spaces between them. It helps to improve the overall thermal performance and reliability of switchboards.
The major benefit associated with double fronted board is that it reduces the heat loss over longer distances, thus improving efficiency.
Application Insights:
The industrial application segment led the global low voltage switchboards market in 2017. This can be attributed to increasing demand for automation in industries such as oil & gas, chemical, petrochemical and power generation. Automation plays a key role in reducing human efforts and improving workplace productivity by eliminating errors and unnecessary tasks. Thus, rising demand for LVS from various industries is expected to drive the product demand over the forecast period.
Residential application of LVS is anticipated to witness significant growth over the forecast period owing to rapid urbanization coupled with growing concerns regarding safety of homes and families from fire hazards caused by tripping or burning out electrical wires due to improper installation of wiring components such as sockets, breakers etc., leading to accidents that may result in injuries or deaths of residents if proper safety measures are not taken into consideration while installing electrical equipment inside residential buildings.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing demand for low voltage switchboards in countries such as China, India, and Japan. In addition, rising number of commercial buildings in countries such as China and Australia will drive the regional market further.
The Europe market was valued at USD X billion in 2017 owing to presence of a large number of manufacturers with advanced technology coupled with high manufacturing capacity for switchboards across several European countries including Germany, U.K.
Growth Factors:
- Increasing demand from the construction sector for low voltage switchboards as they are used in various electrical applications such as lighting, power, control and signaling.
- Growing demand for energy-efficient and environment-friendly products is expected to boost the growth of the low voltage switchboards market over the forecast period.
- Rising investments in smart cities across the globe is anticipated to create opportunities for growth of low voltage switchboard market during the forecast period.
- Increasing number of data centers owing to rising trend of big data and cloud computing is projected to fuel growth of low voltage switchboard market over next few years. 5 Low Voltage Switchboards
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Switchboards Market Research Report
By Type
Single Front, Double Front
By Application
Commercial Application, Industrial Application, Residential Application, Others
By Companies
ABB, Eaton, Schneider Electric, Milectria, Bremca, C&S Electric, ABB
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Switchboards Market Report Segments:
The global Low Voltage Switchboards market is segmented on the basis of:
Types
Single Front, Double Front
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
Commercial Application, Industrial Application, Residential Application, 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:
- ABB
- Eaton
- Schneider Electric
- Milectria
- Bremca
- C&S Electric
- ABB
Highlights of The Low Voltage Switchboards 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:
- Single Front
- Double Front
- By Application:
- Commercial Application
- Industrial Application
- Residential Application
- 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 Switchboards 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 switchboards are a type of electrical switchboard that is used to control the flow of electricity in low voltage systems. They are typically used in commercial and industrial settings, and can be found in places like factories, warehouses, and retail stores.
Some of the major players in the low voltage switchboards market are ABB, Eaton, Schneider Electric, Milectria, Bremca, C&S Electric, ABB.
The low voltage switchboards 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 Switchboards 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 Switchboards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage Switchboards 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 Switchboards 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 Switchboards Market Size & Forecast, 2020-2028
4.5.1 Low Voltage Switchboards Market Size and Y-o-Y Growth
4.5.2 Low Voltage Switchboards 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 Single Front
5.2.2 Double Front
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 Commercial Application
6.2.2 Industrial Application
6.2.3 Residential Application
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Switchboards 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 Switchboards 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 Single Front
9.6.2 Double Front
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 Commercial Application
9.10.2 Industrial Application
9.10.3 Residential Application
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 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 Single Front
10.6.2 Double Front
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 Commercial Application
10.10.2 Industrial Application
10.10.3 Residential Application
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 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 Single Front
11.6.2 Double Front
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 Commercial Application
11.10.2 Industrial Application
11.10.3 Residential Application
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 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 Single Front
12.6.2 Double Front
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 Commercial Application
12.10.2 Industrial Application
12.10.3 Residential Application
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) 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 Single Front
13.6.2 Double Front
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 Commercial Application
13.10.2 Industrial Application
13.10.3 Residential Application
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 Switchboards Market: Competitive Dashboard
14.2 Global Low Voltage Switchboards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Schneider Electric
14.3.4 Milectria
14.3.5 Bremca
14.3.6 C&S Electric
14.3.7 ABB
