Market Overview:
The global oil-immersed load break 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 electricity and rising investments in transmission and distribution infrastructure. In addition, the growing awareness about energy conservation is also contributing to the growth of this market. The global oil-immersed load break switch market can be segmented by type, application, and region. By type, the market can be divided into outdoor and indoor switches. Outdoor switches are used for switching high voltage circuits while indoor switches are used for low voltage applications such as residential or commercial buildings. By application, the market can be classified into utilities, industrial, and commercial segments.
Product Definition:
An oil-immersed load break switch is a switch used to interrupt the flow of electricity in a circuit. It is often used in high-voltage applications, such as in power transmission and distribution systems. The oil-immersed design helps to prevent electrical arcing and minimize damage to the switch when it is opened.
Outdoor:
Outdoor is the part of load break switch which is used in oil-immersed switches. It's a mechanical device that breaks the circuit current when there’s an upstream pressure rise, and it protects equipment from overheating and fire hazards. The Outdoor segment has been growing at a significant pace due to its usage in various applications such as traffic signals, railway level crossing barriers, street lights, security systems etc.
Indoor:
The indoor switch is a load-break device used in the oil-immersed breakers to protect it from overload and short circuits. It has two terminals, normally closed and normally open, with an insulated gate that can be activated by a low voltage pulse or continuously operated by battery. The switch’s operation depends on the polarity of its power supply; i.e.
Application Insights:
The utilities application segment led the global oil-immersed load break switch market in 2017. This is attributed to growing demand for electric power generation and transmission facilities, coupled with an increase in government funding for infrastructure development. For instance, according to a study by the World Bank, around USD 4.0 trillion needs to be invested between 2015 and 2020 in order to meet the energy needs of India's population over the next 15 years. Such initiatives are expected to drive product demand over the forecast period.
Industrial emerged as another prominent segment owing to increasing manufacturing activities across various end-use industries such as chemicals, refineries and petrochemicals among others globally which is anticipatedto further propel industry growth over next eight years (2018 - 2030). In addition, rapidly growing industrialization & urbanization along with rising per capita income has increased electricity consumption across emerging economies including China India Brazil Argentina Indonesia South Africa etc., which will further augment industry expansion during this period of time.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of load break switch manufacturers, which makes it a key regional market for oil-immersed switches. China and India are among the top five consumers of electricity in Asia Pacific, thus making these countries potential markets for energy-efficient load break switches.
North America is anticipated to be one of the fastest growing regions over the forecast period owing to increasing demand from commercial sector such as shopping malls, hotels and hospitals. In addition, rising need for back up power systems during blackouts will drive product demand further.
Growth Factors:
- Increasing demand for uninterrupted power supply: The growth of the oil-immersed load break switch market can be attributed to the increasing demand for uninterrupted power supply across the globe. This is mainly because of the growing industrial and commercial sectors.
- Rapid urbanization and industrialization: The growth in population and rapid urbanization has led to an increase in the demand for electricity, which in turn is fueling the growth of the oil-immersed load break switch market. Additionally, rapid industrialization is also contributing to this market’s growth as it requires a reliable and uninterrupted power supply.
- Technological advancements: The oil-immersed load break switch market is witnessing significant advancements due to technological innovations such as smart grids, which are helping utilities manage their networks more efficiently and effectively. This is resulting in an increase in adoption of these switches by utilities worldwide thereby propelling its growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-Immersed Load Break Switch Market Research Report
By Type
Outdoor, Indoor
By Application
Utilities, Industrial, Commercial
By Companies
ABB, Eaton, Schneider, GE, Siemens, Socomec, Rockwell, Ensto, Fuji, Lucy Electric, LSIS, Powell
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Oil-Immersed Load Break Switch Market Report Segments:
The global Oil-Immersed Load Break Switch market is segmented on the basis of:
Types
Outdoor, Indoor
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
Utilities, Industrial, Commercial
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
- GE
- Siemens
- Socomec
- Rockwell
- Ensto
- Fuji
- Lucy Electric
- LSIS
- Powell
Highlights of The Oil-Immersed Load Break 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:
- Outdoor
- Indoor
- By Application:
- Utilities
- Industrial
- Commercial
- 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 Oil-Immersed Load Break 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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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?
An oil-immersed load break switch is a type of electrical switch that is used to interrupt power to an electric motor or other device when it becomes submerged in oil.
Some of the major players in the oil-immersed load break switch market are ABB, Eaton, Schneider, GE, Siemens, Socomec, Rockwell, Ensto, Fuji, Lucy Electric, LSIS, Powell.
The oil-immersed load break switch market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil-Immersed Load Break Switch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil-Immersed Load Break Switch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil-Immersed Load Break Switch Market - Supply Chain
4.5. Global Oil-Immersed Load Break Switch Market Forecast
4.5.1. Oil-Immersed Load Break Switch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil-Immersed Load Break Switch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil-Immersed Load Break Switch Market Absolute $ Opportunity
5. Global Oil-Immersed Load Break Switch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
5.3.1. Outdoor
5.3.2. Indoor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil-Immersed Load Break Switch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
6.3.1. Utilities
6.3.2. Industrial
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil-Immersed Load Break Switch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil-Immersed Load Break Switch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil-Immersed Load Break Switch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil-Immersed Load Break Switch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil-Immersed Load Break Switch Demand Share Forecast, 2019-2026
9. North America Oil-Immersed Load Break Switch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
9.4.1. Utilities
9.4.2. Industrial
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
9.7.1. Outdoor
9.7.2. Indoor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil-Immersed Load Break Switch Demand Share Forecast, 2019-2026
10. Latin America Oil-Immersed Load Break Switch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
10.4.1. Utilities
10.4.2. Industrial
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
10.7.1. Outdoor
10.7.2. Indoor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil-Immersed Load Break Switch Demand Share Forecast, 2019-2026
11. Europe Oil-Immersed Load Break Switch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil-Immersed Load Break Switch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
11.4.1. Utilities
11.4.2. Industrial
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
11.7.1. Outdoor
11.7.2. Indoor
11.8. Bsis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil-Immersed Load Break Switch Demand Share, 2019-2026
12. Asia Pacific Oil-Immersed Load Break Switch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil-Immersed Load Break Switch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
12.4.1. Utilities
12.4.2. Industrial
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
12.7.1. Outdoor
12.7.2. Indoor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil-Immersed Load Break Switch Demand Share, 2019-2026
13. Middle East & Africa Oil-Immersed Load Break Switch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil-Immersed Load Break Switch Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil-Immersed Load Break Switch Market Size and Volume Forecast by Application
13.4.1. Utilities
13.4.2. Industrial
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil-Immersed Load Break Switch Market Size and Volume Forecast by Type
13.7.1. Outdoor
13.7.2. Indoor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil-Immersed Load Break Switch Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil-Immersed Load Break Switch Market: Market Share Analysis
14.2. Oil-Immersed Load Break Switch Distributors and Customers
14.3. Oil-Immersed Load Break Switch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Socomec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ensto
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fuji
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lucy Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LSIS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Powell
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook