An electric power system is a network of electrical components used to supply, transfer, and use electric power. Electrical systems & components include devices such as switch gears, controls, cables, and circuit breakers am ....see more
The global EMI shielding market is expected to grow from USD 7.34 billion in 2024 to USD 9.69 billion in 2029, at a compound annual growth rate (CAGR) of 5.7% during the forecast period.The key players Parker Hannifin Corp (US), PPG Industries Inc (US), 3M (US), Henkel AG & CO. KGAA (Germany), Laird Technologies, Inc. (US), Leader Tech Inc.(US), MG Chemicals (Canada), Nolato AB (Sweden), Tech Etch, Inc. (US), RTP Company (US).
The EMC filtration market is expected to grow from USD 1.24 billion in 2024 to USD 1.58 billion by 2029, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.The key players Delta Electronics, Inc. (Taiwan), TE Connectivity (Switzerland), TDK Corporation (Japan), Littelfuse, Inc. (US), Sinexcel (China), SCHURTER Global (Switzerland), AstrodyneTDI (US), MORNSUN Guangzhou Science & Technology Co., Ltd. (China), Soshin electric Co., Ltd. (Japan), Shanghai Eagtop Electronic Technology Co., Ltd. (China), BLOCK Transformatoren-Elektronik GmbH (Germany), ETS-Lindgren (US), MTE Corporation (US), REO AG (Germany), ELTROPLAN-REVCON Electrical Systems GmbH (Germany), Bla Etech (India), Captor Corporation (US), Enerdoor (US), EMI Solutions (India), High & Low Corporation (Taiwan), Murrelektronik GmbH (Germany), Electrocube (US), Leader Tech Inc.(US), Rohde & Schwarz (Germany), Elcom International (India), Total EMC Products Ltd (UK), and Ohmite Mfg Co (US).
The DC Torque Tool Market Size is expected to grow from USD 3.6 billion in 2024 to USD 4.4 billion by 2029, at a compound annual growth rate (CAGR) of 3.7% during the forecast period.The key players Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany).
The Electric Heat Tracing market size is expected to grow from USD 2.96 billion in 2024 to USD 4.34 billion by 2029, at a compound annual growth rate (CAGR) of 7.9% during the forecast period.The key players nVent Electric PLC (UK), Thermon Group Holdings (US), Spirax-Sarco Engineering Plc (UK), Nibe Industrier AB (Sweden), Bartec Top Holdings Gmbh (Germany).
The microgrid controller market size is expected to grow from USD 6.8 billion in 2024 to USD 18.7 billion by 2029, at a compound annual growth rate (CAGR) of 22.6% during the forecast period.The key Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schweitzer Engineering Laboratories, Inc. (US), Honeywell International Inc. (US), Caterpillar (US), S&C Electric Company (US), Power Analytics Corporation (US), Cummins Inc. (US), Tesla Energy (US), Emerson Electric Co. (US), HOMER Energy (US), Hitachi Energy Ltd. (Switzerland), Pareto Energy (US), Encorp (US), Powerhive (Kenya), Enchanted Rock (US), AutoGrid Systems, Inc. (US), Heila Technologies (US), Ameresco, Inc. (US), PowerSecure, Inc. (US), Canopy Power (Singapore), Scale Microgrid Solutions LLC (US), and Spirae, LLC (US).
The HVDC Transmission Market is expected to grow from USD 11.4 billion in 2023 to USD 14.9 billion by 2028, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players Hitachi (Japan), Siemens Energy (Germany), Mitsubishi Electric Corporation (Japan), General Electric (US), Prysmian Group (Italy), Toshiba Corporation (Japan), NKT A/S (Denmark), Nexans (France), LS Electric Co., Ltd. (South Korea), and NR Electric Co., Ltd. (China).
The global HVDC capacitor market is expected to grow from USD 6.4 billion in 2023 to USD 17.9 billion by 2031, at a compound annual growth rate (CAGR) of 13.8% during the forecast period.The major players include Hitachi, Ltd. (Japan), General Electric (US), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany).
The electrical steel market is expected to grow from USD 40.6 billion in 2023 to USD 60.7 billion by 2028, at a CAGR of 8.4% during the forecast period. The Electrical steel Market comprises major players such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), China Baowu Steel Group Corporation (China), Nippon Steel Corporation (Japan), United States Steel Corporation (United States), Steel Authority of India (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others are covered in the Electrical steel market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Electrical steel Market.
The global flexible heater market is expected to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a compound annual growth rate (CAGR) of 7.2% during the forecast period.The Top Players NIBE Industrier(Sweden), Honeywell International(US), Omega Engineering(US), Watlow Electric Manufacturing(UK) and Smiths Group(UK).
The laser tracker market is expected to grow from USD 636 million in 2022 to USD 866 million by 2027, at a compound annual growth rate (CAGR) of 6.4% during the forecast period.The Top Players Hexagon AB (Sweden); Faro Technologies, Inc. (US); Automated Precision Inc. (US); InnovMetric Software Inc. (Canada); CHOTEST TECHNOLOGY INC. (China); Mitutoyo Corp. (Japan); 3D Systems, Inc. (US); VMT GmbH (Germany); Hubbs Machine and Manufacturing Inc. (US); and PLX Inc. (US); and Brunson Instrument Company (US).
The global safety light curtain market is anticipated to grow from USD 1.3 billion in 2025 to USD 1.7 billion by 2030, recording a CAGR of 6.3% during 2025–2030The Key players OMRON (Japan), KEYENCE (Japan), SICK (Germany), Rockwell Automation (US), Pepperl+Funch (Germany), Panasonic (Japan), Schneider Electric (France), Datalogic (Italy), Banner Engineering (US), Balluff (Switzerland), Smartscan (UK), Leuze Electronic (Germany), ABB (Switzerland), EUCHNER (Germany), IDEC (Japan), Pilz (Germany), ifm electronic (Germany), Wenglor Sensoric (Germany), Schmersal (Germany), Rockford Systems (US), Contrinex (Switzerland), Orbital Systems (India), Pinnacle Systems (US), HTM Sensors (US), and ISB (Canada).
The Substation Automation Market is expected to grow from USD 39.9 billion in 2021 to USD 54.2 billion by 2026, at a CAGR of 6.3% during the forecast period. The report profiles key players, including Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), Schneider Electric (France), Eaton Corporation (Ireland), Honeywell (US), Schweitzer Engineering Laboratories (US), NovaTech Automation (US), and CG Power and Industrial Solutions (India). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, contracts, and mergers and acquisitions to strengthen their position in the market.
The Solid-State Transformer Market is expected to grow from USD 100 million in 2024 to USD 241 million by 2030, at a CAGR of 15.8% during the forecast period. Major players involved in the solid-state transformer market include Hitachi (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), General Electric (US), Eaton (Ireland), Varentec (US), Amantys (UK), Ermco (US), SPX Transformer Solutions (US).
The Smart Robots Market is expected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025, at a CAGR of 30.5% during the forecast period. Major companies in the smart robots market are iRobot (US), SoftBank Robotics Group (Japan), ABB (Switzerland), KUKA (Germany), FANUC (Japan), Hanson Robotics (China), Amazon (US), YASKAWA (Japan), BLUE FROG ROBOTICS (France), Kongsberg Maritime (Norway), Universal Robots (Denmark), ECA GROUP (France), DeLaval (Sweden), Intuitive Surgical (US), Neato robotics (US), Bluefin Robotics (US), Rethink Robotics (US), Aethon (US), Samsung Electronics (South Korea), GeckoSystems (US).
The Flexible AC Transmission Systems (FACTS) Market is expected to grow from USD 1.2 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 5.4% during the forecast period. A few major players in the FACTS market include ABB (HITACHI) (ABB, Switzerland), General Electric Company (GE, US), Siemens AG (Siemens, Germany), Mitsubishi Electric Corporation (Mitsubishi Electric, Japan), Infineon Technologies AG (Infineon, Germany), American Superconductor (AMSC, US), NR Electric Co., Ltd. (NR Electric, China), Hyosung Heavy Industries (Hyosung, South Korea), and Rongxin Power Ltd. (RXPE, UK).
The Digital Substation Market is expected to grow from USD 6.4 billion in 2020 to USD 9.1 billion by 2025, at a CAGR of 7.1% during the forecast period. ABB (Switzerland), General Electric Company (US), Siemens AG (Germany), Eaton Corporation Inc. (Ireland), Schneider Electric SE (France), Honeywell International Inc. (US), Cisco System (US), NR Electric (China), Emerson Electric Co. (US), and Larsen & Toubro Limited (India) are a few major players in the digital substation market.
The VRF System Market is expected to grow from USD 17.6 billion in 2020 to USD 31.9 billion by 2025, at a CAGR of 12.7% during the forecast period. The major companies involved in the development and supply of VRF systems include Daikin (Japan), Toshiba (Japan), Mitsubishi Electric (Japan), Midea Group (China), and Johnson Controls (US).
The overall pre-terminated systems market is expected to reach USD 3.2 billion by 2024, at a CAGR of 9.0% during the forecasting period. Key players in the pre-terminated systems market include TE Connectivity Ltd. (Switzerland), Optical Cable Corporation (US), Corning Incorporated (US), CommScope Holding Company, Inc. (US), Amphenol Corporation (US), HellermannTyton PLC (Austria), HUBER+SUHNER AG (Switzerland), Belden Inc.(US), Legrand SA (France), and Nexans SA (France). These players are increasingly adopting growth strategies such as product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.
The load monitoring system market is expected to grow from USD 2.6 billion in 2018 to USD 3.3 billion by 2024, at a CAGR of 4.0%. The growth of the market is propelled by the rise in demand for load monitoring system in healthcare, increase in use of load monitoring system for testing and monitoring aircraft parts, decline in instrumental errors owing to technological innovations in load cells, and increase in demand for remote load monitoring. Major players involved in the market include Flintec (Sweden), Mettler Toldo (Switzerland), Precia Molen (France), Spectris (UK), Vishay Precision Group (US), Dynamic Load Monitoring (UK), JCM Load Monitoring (UK), LMC Systems (UK), Load Monitoring Systems (UK), Straightpoint (UK), Wirop Industrial (Taiwan), Eilersen Electric Digital Systems (Denmark), Euroload (UK), Futek Advanced Sensor Technology (US), Mantracourt Electronics (UK), PCE Deutschland (Germany), Standard Loadcells (India), Strainsert (US), Tecsis (Germany), and Thames Side Sensors (UK).
The safety switch market is expected to grow from USD 1.24 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The growth of this market is fueled by the growing adoption of automation in hazardous industrial areas, increasing government intervention for equipment and personnel safety in industries, and rising demand for non-contact door switches to improve the stability of doors and guards. Developments in the safety switch market ecosystem through organic and inorganic growth strategies, such as product developments, merger and acquisition, partnerships, collaborations, and agreements further drive the growth of this market. The major players operating in the safety switch market are General Electric (US), Schneider Electric (France), Rockwell (US), Siemens (Germany), ABB (Switzerland), Eaton (Republic of Ireland), Honeywell (US), Omron (Japan), Pilz (Germany), and SICK (Germany).
The overall heavy-duty connector market is estimated to grow from USD 2.81 Billion in 2018 to USD 3.51 Billion by 2023, at a CAGR of 4.6% between 2018 and 2023. The growth of this market is being propelled by the increase in the importance of industrial safety, rise in the adoption of industrial automation solutions, mandatory functional safety standards and government regulations, and emphasis on energy-efficient manufacturing. Weidmuller Interface (Germany), Phoenix Contact (Germany), TE Connectivity (Switzerland), Amphenol Sine Systems (US), Molex (US), Harting Technology(Germany), XiamenWain Electrical (China), Wieland Electric (Germany), ITT (US), ODU (Germany), and Lapp (Germany) are the major players operating in this market.
The mobile substation market is expected to grow from an estimated USD 789.3 Million in 2018 to USD 1,136.9 Million by 2023, at a CAGR of 7.57% between 2018 and 2023. Factors driving the growth of this market include the ease of transportation, flexibility, cost-effectiveness, and easy installation of mobile substations. Moreover, mobile substation is a trailer mounted power solution and can be installed in a limited space and can be easily relocated without difficulty. The mobile substation is a comprehensive solution that is designed, engineered, assembled on trailer, tested, in a factory and delivered on site for power distribution. Key players in this market are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), General Electric (US), CG Power (India), and MEIDENSHA (Japan). Other companies covered in this report are WEG (Brazil), AZZ (US), TGOOD (Hong Kong), Powell Industries (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), and Delta Star (US).
The electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. Key factors driving the growth of the electric enclosure market are the demand for Industrial Internet of things (IIoT) enabled enclosures, the growing demand for hygienic enclosures in food & beverages industry, and the adoption of intelligent transport systems (ITS) in the transportation vertical. Key industry players adopt organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships to drive the growth of the market. Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), ABB (Switzerland), Hammond (Canada), and AZZ (US) are the major industry players in the electric enclosure market.
The e-house market is expected to grow from USD 1.09 Billion in 2018 to USD 1.51 Billion by 2023, at a CAGR of 6.75% between 2018 and 2023. Factors driving the growth of this market include the cost-effectiveness, flexibility, and ease of installation of e-house. E house can be installed in a limited space with a simple foundation and easily relocated without difficulties. E-house is a comprehensive solution that is designed, engineered, assembled, and tested in a factory and delivered on site for power distribution. They are easy to assemble and deploy in less time. Key players in this market are Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), General Electric (US), CG Power (India), and Meidensha (Japan). Other companies covered in this report are Electroinnova (Spain), WEG (Brazil), TGOOD (Hong Kong), Powell Industries (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), and Delta Star (US).
The motor management market for control devices and software is expected to be worth USD 4.03 Billion by 2023, growing at a CAGR of 5.35% between 2017 and 2023. The market is propelled by the rising demand for smart, multifunctional, integrated motor control, and protection devices as well as the need for reducing unplanned industrial downtime. Market players such as General Electric (US), Texas Instruments (US), Siemens AG (Germany), Schneider Electric SE (France), and ABB Ltd. (Switzerland). Analog Devices, Inc., (US), Eaton Corporation Plc (Ireland), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), and Hitachi, Ltd (Japan) are focusing on product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.
The filtration and contamination control market is estimated to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022. The base year considered for the study is 2016, and the market forecast has been done for the period between 2017 and 2022. The report aims at estimating the market size and future growth potential of the filtration and contamination control market based on filtration type, customer type, application, and region.
According to MarketsandMarkets’ forecast, the overall machine vision market was valued at USD 8.12 Billion in 2015 and is expected to reach USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022. The growth of this market is driven by the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems.
The microgrid as a service (MaaS) market was valued at USD 774.9 Million in 2015 and is expected to reach USD 2,241.6 Million by 2022, at a CAGR of 15.86% during the forecast period. Reduction in operational costs and negligible upfront investments by MaaS end users, rising demand from MaaS from hospitals, universities, and remote regions, and high investments by governments in microgrid infrastructure for improved resilience are expected to boost the demand for MaaS in the coming years.
The integrated drive systems market is expected to grow from USD 23.89 Billion in 2015 to USD 38.27 Billion by 2022, at a CAGR of 6.80% between 2016 and 2022. This report provides the market size and future growth potential of the drive systems market across different segments such as offering, communication protocol, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market.
The global automatic power factor controller market is estimated to grow at a CAGR of 4.6% and is expected to be valued at USD 4.78 Billion by 2022. APFCs help in lower the power consumption due to the presence of non-linear loads such as transformers, motors, and other machines in industries. Also, the growing demand for APFCs in the utility and manufacturing industries to improve the reactive power and reduce harmonics in the systems drive the growth of the overall APFC market.
The scroll & absorption chillers market is expected to grow from USD 5.61 Billion in 2015 to USD 7.13 Billion by 2022, at a CAGR of 4.1% between 2016 and 2022. This report aims to estimate the size and future growth potential of the scroll & absorption chillers market across different segments such as product, capacity, vertical, and geography. The base year considered for the study is 2015 and the market size is forecast for the period between 2016 and 2022.
The static VAR compensator (SVC) market was valued at USD 643.6 Million in 2014 and is expected to grow at a CAGR of 3.8% between 2015 and 2020. The base year used for study is 2014 and the forecast period considered is between 2015 and 2020. This report provides a detailed analysis of the SVC market based on type, component, vertical, and region. It has been estimated that the thyristor-based SVC solution would hold a large share in the SVC market. However, the market for renewable vertical, which includes wind power and solar farm, is expected to grow at a high CAGR between 2015 and 2020
The global smart motors market is expected to grow from USD 989.0 Million in 2014 to USD 1.38 Billion by 2020 at a CAGR of 6.19% between 2015 and 2020. The smart motors market is expected to grow substantially due to factors such as requirement of less on-site and wiring space, and cost reduction, while increasing the overall effectiveness of the equipment.
Leading towards future of electrification with advanced technologies that protect and control the distribution of electricity throughout a facility’s infrastructure. Low voltage industrial controls applications are been cleaner, smarter, and efficient as well as are addressing safety and reliability. This can be achieved with maximizing facility uptime, increased productivity - efficient sizes, ease of installation, minimizing dangers of electrical distribution, and focus on sustainability. The North America Low Voltage Industrial Controls Market was valued at USD 4.94 Billion in 2014 and is projected to reach USD 6.30 Billion by 2020, at a CAGR of 4.04% from 2015 to 2020.
Induction motors are simple and rugged in construction. They are used in most of the industries. The advantages of induction motors include their robustness and ability to operate in any environmental condition. DC motors which were earlier used for industrial applications have now been replaced by induction motors. The global induction motor market is expected to reach a value of $15,810.3 Million by 2019, at a CAGR of 12.4% during the forecast period. The application segment, led by the industrial sector in 2014, had a share of more than 50%. It is projected to reach a value of $7,604.9 Million by 2019 at a CAGR of 11.2%.
The report on global energy efficient low horsepower AC motors marketpresents an in-depth analysis of the applications, products, and geographic regions of the concerned broad markets for the period from 2013 till 2018. The energy efficient low horsepower AC motors market has been covered under two segments: fractional horsepower AC motors and energy efficient 1hp-3hp AC motors. All the applicationsand geographies that hold potential for the future, in the energy efficient low horsepower AC motorsmarket, have been identified and articulated in the report.