Load Break Switch Market

Load Break Switch Market by Type (Gas-Insulated, Vacuum, Air-Insulated, & Oil-Immersed), Voltage (Below 11 kV, 11–33 kV, 33–60 kV), Installation (Outdoor & Indoor), End-User (Utilities, Industrial, Commercial), and Region - Global Forecast to 2023

Report Code: EP 6057 Mar, 2018, by marketsandmarkets.com

[147 Pages Report] The global load break switch market was valued at USD 2.19 Billion in 2017 and is projected to grow at a CAGR of 6.16%, during the forecast period, to reach USD 3.12 Billion by 2023. Refurbishment of aging power infrastructure, increased investment in the power distribution sector, and focus on renewable power generation are the major factors driving the load break switch market. Digitalization of electric utilities is one of the major opportunities for this market.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018 – 2023

The base year for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, segment, and forecast the global load break switch on the basis of type, voltage, installation, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)  
  • To strategically analyze the market with respect to individual growth trends, future prospects, and contributions of each segment to the market  
  • To analyze market opportunities for stakeholders and to provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies*
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product launches, and mergers & acquisitions in the market.

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Bloomberg Businessweek and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The primary sources include industry experts from core and related industries such as commercial and manufacturing & process, preferred suppliers, manufacturers, distributors, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points below explain the research methodology.

  • Study of annual revenues and market developments of major players that provide load break switch
  • Analyses of major end-users of load break switch
  • Assessment of future trends and growth of the market
  • Assessment of the market on the basis of types of load break switches
  • Study of the contracts & developments related to the market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies providing load break switch across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Load Break Switch Market

To know about the assumptions considered for the study, download the pdf brochure

Major manufacturers in the load break switch market include ABB (Switzerland), Siemens (Germany), Schneider (France), GE (US), and Eaton (Ireland). The manufacturers such as Socomec (France), Rockwell (US), and Ensto (Finland) either participate in the supply of raw materials/auxiliary components or directly sell load break switch through authorized distribution channels. The distributors also provide replacement and maintenance services for switch components and installation of load break switches.

Target Audience:

The report’s target audience includes:

  • Consulting companies in the power sector
  • Electric utilities
  • Government and industry associations
  • Large commercial buildings constructors
  • Load break switch manufacturers and suppliers
  • State and national regulatory authorities
  • Substation equipment manufacturing companies

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Scope of the Report

:

    By Type

    • Gas-Insulated
    • Vacuum
    • Air-Insulated
    • Oil-Immersed

    By Voltage

    • Below 11 kV
    • 11–33 kV
    • 33–60 kV

    By Installation

    • Outdoor
    • Indoor

    By End-User

    • Utilities
    • Industrial
    • Commercial

    By Region

    • Asia Pacific
    • North America
    • Europe
    • South America
    • The Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analyses

Company Information

Detailed analyses and profiling of additional market players (up to 5)

The global load break switch market is estimated to be USD 2.32 Billion in 2018 and is projected to grow at a CAGR of 6.16%, from 2018 to 2023, to reach a market size of USD 3.12 Billion by 2023. The market is driven by factors such as refurbishment of aging electrical infrastructure and increasing investment in power distribution sector. The growing renewable-based power generation is expected to boost the demand for load break switches. The emerging markets in Asia Pacific present a great opportunity for the load break switch market due to significant government initiatives to promote renewable energy generation and refurbishment of the aging electrical infrastructure.

The report segments the load break switch, by type, into gas-insulated, vacuum, air-insulated, and oil-immersed. The gas-insulated segment is estimated to lead the load break switch in 2018. It is also projected to grow at the fastest rate during the forecast period due to the features such as easy installation, long life cycle, and high electrical & mechanical endurance. In Asia Pacific, the major demand for gas-insulated load break switches is from the electric utilities. This would boost the overall gas-insulated market.

Based on installation, the outdoor segment accounted for the largest market size in 2017. Outdoor switches can also be deployed with outdoor distribution transformers rating up to 36 kV. These switches come with flexible installation and mounting configurations, which include pole top, mid-pole horizontal, and mid-pole vertical. These factors are expected to drive the outdoor segment of the load break switch, by installation.

The load break switch market has been analyzed on the basis of six regions, namely, Asia Pacific, North America, Europe, the Middle East, South America, and Africa. The market in Asia Pacific is expected to lead the global load break switch market by 2023. The market size in this region can be attributed to the increasing focus on the power distribution sector, of which load break switch is a part. Countries such as China, Japan, and India are the key markets for load break switches in Asia Pacific. The refurbishment of aging electrical infrastructure in the region is expected to drive the market in Asia Pacific.

Load Break Switch Market

The declining investments by oil & gas companies have adversely affected the demand for medium -voltage equipment used in the power distribution network as they are used in the oil & gas industry, where substations and transformers are located remotely for power distribution. Due to declining investments, no new projects are carried out in the oil & gas industry. Hence, cancellation of new oil & gas projects would result in no new oil & gas plants, wherein medium-voltage products such as load break switches are deployed. Hence, this would result in a decline in the market for oil & gas end-users.

The key players in the load break switch market include GE (US), Siemens (Germany), Schneider (France), Eaton (Ireland), and ABB (Switzerland). New product launches was the most commonly adopted strategy by the top players in the market from 2013 to 2017. It was followed by contracts & agreements, and investments & expansions, and mergers & acquisitions.

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Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Load Break Switch Market
    4.2 Load Break Switch, By Country
    4.3 Load Break Switch, By Type
    4.4 Load Break Switch, By Voltage
    4.5 Load Break Switch, By Installation
    4.6 Load Break Switch, By End-User
    4.7 Asia Pacific Load Break Switch

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Refurbishment of Aging Power Infrastructure
                    5.2.1.2 Increasing Investment in the Power Distribution Sector
           5.2.2 Restraints
                    5.2.2.1 Slowdown in Global Oil & Gas Sector
           5.2.3 Opportunities
                    5.2.3.1 Digitalization of Utilities
           5.2.4 Challenges
                    5.2.4.1 Availability of Counterfeit Products
                    5.2.4.2 Availability of Substitutes Such as Vacuum Circuit Breaker
    5.3 Supply Chain

6 Load Break Switch Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Gas–Insulated Load Break Switch
    6.3 Vacuum Load Break Switch
    6.4 Air-Insulated Load Break Switch
    6.5 Oil-Immersed Load Break Switch
           6.5.1 Fused Oil-Immersed Load Break Switch
           6.5.2 Non-Fused Oil–Immersed Load Break Switch

7 Load Break Switch Market, By Voltage (Page No. - 48)
    7.1 Introduction
    7.2 11–33 kV
    7.3 Below 11 kV
    7.4 33–60 kV

8 Load Break Switch Market, By Installation (Page No. - 53)
    8.1 Introduction
    8.2 Outdoor
    8.3 Indoor

9 Load Break Switch Market, By End-User (Page No. - 57)
    9.1 Introduction
    9.2 Utilities
    9.3 Industrial
    9.4 Commercial
           9.4.1 Hospital
           9.4.2 Data Center
           9.4.3 Airport
           9.4.4 Others

10 Load Break Switch Market, By Region (Page No. - 64)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Type
             10.2.2 By Voltage
             10.2.3 By Installation
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 Japan
                        10.2.5.3 India
                        10.2.5.4 South Korea
                        10.2.5.5 Australia
                        10.2.5.6 Rest of Asia Pacific
     10.3 North America
             10.3.1 By Type
             10.3.2 By Voltage
             10.3.3 By Installation
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 Us
                        10.3.5.2 Canada
                        10.3.5.3 Mexico
     10.4 Europe
             10.4.1 By Type
             10.4.2 By Voltage
             10.4.3 By Installation
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 Russia
                        10.4.5.2 Germany
                        10.4.5.3 France
                        10.4.5.4 Italy
                        10.4.5.5 Uk
                        10.4.5.6 Rest of Europe
     10.5 South America
             10.5.1 By Type
             10.5.2 By Voltage
             10.5.3 By Installation
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Brazil
                        10.5.5.2 Argentina
                        10.5.5.3 Venezuela
                        10.5.5.4 Rest of South America
     10.6 Middle East
             10.6.1 By Type
             10.6.2 By Voltage
             10.6.3 By Installation
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Saudi Arabia
                        10.6.5.2 UAE
                        10.6.5.3 Qatar
                        10.6.5.4 Iran
                        10.6.5.5 Rest of the Middle East
     10.7 Africa
             10.7.1 By Type
             10.7.2 By Voltage
             10.7.3 By Installation
             10.7.4 By End-User
             10.7.5 By Country
                        10.7.5.1 South Africa
                        10.7.5.2 Nigeria
                        10.7.5.3 Algeria
                        10.7.5.4 Rest of Africa

11 Competitive Landscape (Page No. - 101)
     11.1 Overview
     11.2 Ranking of Players and Industry Concentration, 2017
     11.3 Competitive Scenario
             11.3.1 New Product Launches
             11.3.2 Contracts & Agreements
             11.3.3 Investments & Expansions
             11.3.4 Mergers & Expansions

12 Company Profiles (Page No. - 105)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     12.1 Benchmarking
     12.2 ABB
     12.3 Eaton
     12.4 Schneider
     12.5 GE
     12.6 Siemens
     12.7 Socomec
     12.8 Rockwell
     12.9 Ensto
     12.10 Fuji
     12.11 Lucy Electric
     12.12 LSIS
     12.13 Powell

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 139)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (84 Tables)

Table 1 Global Load Break Switch Market Snapshot
Table 2 Market Size, By Type, 2016–2023 (USD Million)
Table 3 Gas-Insulated Load Break Switch: Market Size, By Region, 2016–2023 (USD Million)
Table 4 Vacuum Load Break Switch: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Air-Insulated Load Break Switch: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Oil-Immersed Load Break Switch: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Fused: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Non-Fused: Market Size, By Region, 2016–2023 (USD Thousands)
Table 9 Load Break Switch Market Size, By Voltage, 2016–2023 (USD Million)
Table 10 11–33 kV: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Below 11 kV: Market Size, By Region, 2016–2023 (USD Million)
Table 12 33–60 kV: Market Size, By Region, 2016–2023 (USD Million)
Table 13 Market Size, By Installation, 2016–2023 (USD Million)
Table 14 Outdoor: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Indoor: Market Size, By Region, 2016–2023 (USD Million)
Table 16 Market Size, By End-User, 2016–2023 (USD Million)
Table 17 Utilities: Market Size, By Region, 2016–2023 (USD Million)
Table 18 Industrial: Market Size, By Region, 2016–2023 (USD Million)
Table 19 Commercial: Market Size, By Region, 2016–2023 (USD Million)
Table 20 Hospital: Market Size, By Region, 2016–2023 (USD Million)
Table 21 Data Center: Market Size, By Region, 2016–2023 (USD Million)
Table 22 Airport: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Others: Market Size, By Region, 2016–2023 (USD Thousands)
Table 24 Global Market Size, By Region, 2016–2023 (USD Million)
Table 25 Asia Pacific: Load Break Switch Market Size, By Type, 2016–2023 (USD Million)
Table 26 Asia Pacific: Market Size, By Voltage, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size, By Installation, 2016–2023 (USD Million)
Table 28 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 30 China: Market Size, By End-User, 2016–2023 (USD Million)
Table 31 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 32 India: Market Size, By End-User, 2016–2023 (USD Million)
Table 33 South Korea: Market Size, By End-User, 2016–2023 (USD Million)
Table 34 Australia: Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 36 North America: Load Break Switch Market Size, By Type, 2016–2023 (USD Million)
Table 37 North America: Market Size, By Voltage, 2016–2023 (USD Million)
Table 38 North America: Market Size, By Installation, 2016–2023 (USD Million)
Table 39 North America: Market Size, By End-User, 2016–2023 (USD Million)
Table 40 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 41 US: Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 43 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 44 Europe: Load Break Switch Market Size, By Type, 2016–2023 (USD Million)
Table 45 Europe: Market Size, By Voltage, 2016–2023 (USD Million)
Table 46 Europe: Market Size, By Installation, 2016–2023 (USD Million)
Table 47 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 49 Russia: Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Germany: Market Size, By End-User, 2016–2023 (USD Million)
Table 51 France: Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Italy: Market Size, By End-User, 2016–2023 (USD Million)
Table 53 UK: Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Rest of Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 55 South America: Load Break Switch Market Size, By Type, 2016–2023 (USD Million)
Table 56 South America: Market Size, By Voltage, 2016–2023 (USD Million)
Table 57 South America: Market Size, By Installation, 2016–2023 (USD Million)
Table 58 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 59 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 60 Brazil: Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Argentina: Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Venezuela: Market Size, By End-User, 2016–2023 (USD Million)
Table 63 Rest of South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Middle East: Load Break Switch Market Size, By Type, 2016–2023 (USD Million)
Table 65 Middle East: Market Size, By Voltage, 2016–2023 (USD Million)
Table 66 Middle East: Market Size, By Installation, 2016–2023 (USD Million)
Table 67 Middle East: Market Size, By End-User, 2016–2023 (USD Million)
Table 68 Middle East: Market Size, By Country, 2016–2023 (USD Million)
Table 69 South Arabia: Market Size, By End-User, 2016–2023 (USD Million)
Table 70 UAE: Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Qatar: Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Iran: Market Size, By End-User, 2016–2023 (USD Million)
Table 73 Rest of the Middle East: Market Size, By End-User, 2016–2023 (USD Million)
Table 74 Africa: Market Size, By Type, 2016–2023 (USD Million)
Table 75 Africa: Market Size, By Voltage, 2016–2023 (USD Million)
Table 76 Africa: Market Size, By Installation, 2016–2023 (USD Million)
Table 77 Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 78 Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 79 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 80 Nigeria: Market Size, By End-User, 2016–2023 (USD Million)
Table 81 Algeria: Market Size, By End-User, 2016–2023 (USD Million)
Table 82 Rest of Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 83 Market Share Analysis, 2017 GE LED the Market in 2017
Table 84 Developments By Key Players in the Market, 2013–2017


List of Figures (42 Figures)

Figure 1 Load Break Switch Market Segmentation
Figure 2 Load Break Switch Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of Research Study
Figure 7 Asia Pacific Held the Largest Share in the Load Break Switch in 2017
Figure 8 Gas-Insulated Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 11–33 kV Voltage Segment Dominated the Market in 2017
Figure 10 Outdoor Segment is Expected to Dominate the Market From 2018 to 2023
Figure 11 Utilities Segment is Expected to Dominate the Load Break Switch Market During the Forecast Period
Figure 12 Investment in Power Distribution Sector Will Drive the Load Break Switch Market
Figure 13 Saudi Arabia to Grow at the Fastest Rate in the Asia Pacific Market During the Forecast Period
Figure 14 Gas-Insulated Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 15 11–33 kV Voltage Segment is Expected to Dominate the Market During the Forecast Period
Figure 16 Outdoor Segment Dominated the Load Break Switch in 2017, While Asia Pacific Dominated the Outdoor Based Segment
Figure 17 Utilities Segment to Grow at the Fastest Rate During the Forecast Period
Figure 18 China Accounted for the Largest Share of the Asia Pacific Load Break Switch in 2017
Figure 19 Drivers, Restraints, Opportunities, and Challenges
Figure 20 Power Infrastructure Failure Rate
Figure 21 Crude Oil Prices, 2013–2018
Figure 22 Supply Chain Analysis: Load Break Switch
Figure 23 Gas-Insulated Segment is Expected to Be the Fastest Growing in the Load Break Switch Market During the Forecast Period
Figure 24 Asia Pacific: the Largest Load Break Switch Market in the Gas-Insulated Segment, 2018–2023
Figure 25 11–33 kV is Expected to Be the Fastest Growing Segment in the Market During the Forecast Period
Figure 26 Outdoor is Expected to Be the Fastest Growing Segment in Market During the Forecast Period
Figure 27 Utilities is Expected to Be the Fastest Growing Segment in Load Break Switch Market During the Forecast Period
Figure 28 Africa is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 29 Load Break Switch in 2017
Figure 30 Asia Pacific: Market Snapshot
Figure 31 North America: Market Snapshot
Figure 32 Key Developments in the Market During 2013–2017
Figure 33 ABB: Company Snapshot
Figure 34 Eaton: Company Snapshot
Figure 35 Schneider: Company Snapshot
Figure 36 GE: Company Snapshot
Figure 37 Siemens: Company Snapshot
Figure 38 Socomec: Company Snapshot
Figure 39 Rockwell: Company Snapshot
Figure 40 Fuji: Company Snapshot
Figure 41 LSIS: Company Snapshot
Figure 42 Powell: Company Snapshot


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