Transmission & Distribution (T&D) system comprises high-voltage transmission lines, towers, substations, conductors, associated equipment, distribution substation (distribution feeder, conductors, cables, arresters, regulators, ....see more
The power quality equipment market is expected to grow from USD 32.4 billion in 2021 to USD 46.1 billion by 2026, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.Some of the key players are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and General Electric (US). The leading players are adopting various strategies to increase their share in the power quality equipment market.
The Electric Fuse Market is expected to grow from USD 3.5 billion in 2021 to USD 4.6 billion by 2026, at a CAGR of 5.8% during the forecast period. Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US). The leading players are adopting various strategies to increase their shares in the electric fuse market.
The Smart Gas Meter Market is expected to grow from USD 2.0 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7% during the forecast period. Major players operating in the smart gas meter market include companies such as Landis + Gyr (Switzerland), Itron (US), Honeywell International (US), Apator Group (Poland), and Diehl Metering (Germany).
The surge arrester market is expected to grow from USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a compound annual growth rate (CAGR) of 4.9% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Hitachi ABB (Switzerland), Siemens Energy (Germany), General Electric (US), Eaton (Ireland), and Hubbell (US) along with other prominent manufacturers of the surge arrester.
The Vacuum Interrupter Market is expected to grow from USD 2.4 billion in 2020 to USD 3.1 billion by 2025, at a CAGR of 5.1% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the vacuum interrupter market. Some of the key players are ABB (Switzerland), Eaton (US), Siemens AG (Germany, ), Shaanxi Baoguang Vacuum Electric Device Company Limited (China), and Meidensha Corporation (Japan). The leading players are adopting various strategies to increase their share in the vacuum interrupter market.
The Industrial Plugs and Sockets Market is expected to grow from USD 2.5 billion in 2020 to USD 3.2 billion by 2025, at a CAGR of 4.9% during the forecast period. Some of the key players are Amphenol Corporation (US), ABB (Switzerland), Emerson Electric (US), Schneider Electric (France), and Legrand SA (France). The leading players are adopting various strategies to increase their share in the industrial plugs and sockets market.
The COVID-19 Impact on Smart Grid Market is expected to grow from USD 26.9 billion in 2020 to USD 28.8 billion by 2021 at a CAGR of 7.1% from 2020 to 2021 during the forecast period. Some of the major players in the smart grid industry are GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Aclara (US), Cisco (US), OSI (US), IBM (US), Wipro (India), Oracle (US), Honeywell (US), S&C Electric Company (US), Eaton (Ireland), Kamstrup (Denmark) and Trilliant Holdings (US), among others.
The precision source measure unit market is expected to grow from USD 394 million in 2019 to USD 637 million by 2024, at a compound annual growth rate (CAGR) of 10.1 % during the forecast period.The major players in the precision source measure unit market are Tektronix (US), Keysight Technologies (US), National Instruments (US), Chroma ATE (Taiwan), Yokogawa Electric (Japan), Rohde & Schwarz (Germany), VX Instruments (Germany), and Osilla (UK).
The global function generators market size is projected to reach USD 1.9 billion by 2024 from an estimated market size of USD 1.4 billion in 2019, at a CAGR of 6.1% during the forecast period. The factors driving the market growth is the growing adoption of high-performance and power-efficient devices for aerospace, defense & government services along with investments in automotive (electric vehicles) sector due to the concern towards the hazardous environmental effect.
The Electronic Load Market is expected to grow from USD 3.0 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 6.3% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electronic load market. These include Keysight Technologies (US), AMETEK (US), National Instruments (US), Chroma ATE (Taiwan), and Teledyne Technologies (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The global PXI SMU market size is projected to reach USD 267 million by 2024, from an estimated USD 124 million in 2019, growing at a CAGR of 16.5% during the forecast period. The key players operating in this market include National Instruments (US), Keysight Technologies (US), Chroma ATE (Taiwan), VX Instruments (Germany), Marvin Test Solutions (US), and LitePoint a Teradyne Company (US).
The DC Power Supplies Market is expected to grow from USD 361 million in 2019 to USD 454 million by 2024, at a CAGR of 4.7% during the forecast period. To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players such as AMETEK (US), Keysight Technologies (US), TDK Lambda (Japan), Chroma ATE (Taiwan), Good Will Instrument (Taiwan), Rohde & Schwarz (Germany), and B&K Precision (US), Tektronix (US), and MEAN WELL (Taiwan).
The global digital multimeter market size is expected to grow USD 1,047 million by 2024, growing at a CAGR of 4.3% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the digital multimeter market. These include Fluke Corporation (the US), Tektronix (US), Keysight Technologies (US), Yokogawa (Japan), Gossen Metrawatt (Germany), and Hioki (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The heat-shrink tubing market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. The major players in the heat-shrink tubing market are TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US), Insultab (US), Dasheng Heat Shrinkable Material (China), and Changchun Heat Shrinkable Materials (China).
The geospatial solutions market is expected to grow from USD 239.1 billion in 2019 to 502.6 billion by 2024, at a compound annual growth rate (CAGR) of 13.2% during the forecast period.The report includes the profiles of some of the top players in the geospatial solutions market to enable an in-depth understanding of the competitive landscape. Some of the key players are HERE (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US). The leading players are adopting various strategies to increase their share in the geospatial solutions market.
The volt/VAr management market is expected to grow from USD 427 million in 2019 to USD 568 million by 2024, at a compound annual growth rate (CAGR) of 5.9% during the forecast period.To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the volt/VAr management market. Some of the key players in the volt/VAr management market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), GE (US), Eaton (Ireland), Open System International (US), Utilidata (US), Varentec (US), and Landis+Gyr (Switzerland). The leading players are adopting various strategies to increase their shares in volt/VAr management market.
The global low voltage dc circuit breaker market is projected to reach a size of USD 1.5 billion by 2024, at a CAGR of 5.68%, from an estimated USD 1.2 billion in 2019. Some of the key players are ABB (Switzerland), Eaton (US), SIEMENS AG (Germany), Schneider Electric (France), Larsen and Toubro, and Hitachi (Japan). The leading players are adopting various strategies to increase their shares in the low voltage DC circuit breaker market.
The DC Circuit Breaker market is projected to reach a size of USD 3.2 billion by 2024 at a CAGR of 6.54%, from an estimated USD 2.3 billion in 2019. This growth can be attributed to the growth in electrical network infrastructure, increasing investments in the transmission & distribution infrastructure, increasing demand for reliable and secure power supply, and increasing investments in renewable power generation.ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), and BRUSH Group (UK).
The global meter data management system market is projected to reach a size of USD 428 million by 2023, at a CAGR of 20.48%, from an estimated USD 169 million in 2018. This growth can be attributed to factors such as growing government policies and legislative mandates for smart meters, need for grid reliability, and need for accurate utility bill generation.are Itron (US), Siemens (Germany), Landis+Gyr (Switzerland), Honeywell (US) and Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Kamstrup (Denmark), DIEHL (Germany), and Alcara (US).
The global low voltage protection and control market is projected to reach a size of USD 19.8 billion by 2025, at a CAGR of 5.97%, from an estimated USD 13.2 billion in 2018. This growth can be attributed to factors such as growth in the demand for renewable energy sources, growing per capita consumption of energy, and safe and secure electrical systems.ABB (Switzerland), Eaton (Ireland), Fuji Electric co. ltd (Japan), Hitachi (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), Yaskawa (Japan), CHINT Group (China), WEG SA (Brazil), Legrand (France), Toshiba (Japan), and Emerson Electric Co. (US).
The global gas-insulated substation market is projected to reach a size of USD 29.5 billion by 2023, at a CAGR of 9.27%, from an estimated USD 18.9 billion in 2018. This can be attributed to the growth in renewable power generation, increasing investments in the transmission & distribution infrastructure, the rise in energy demand and limitations of space availability in densely populated urban areas, and government initiatives toward improving electricity access. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the gas-insulated substation market. The key players include ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Siemens (Germany), and Hitachi (Japan). The leading players are adopting various strategies to increase their shares in the gas-insulated substation market.
The global MV protection relay market is projected to reach a size of USD 1,115 million by 2023, at a CAGR of 5.33%, from an estimated USD 860 million in 2018. This growth can be attributed to the upgrading of existing substation and feeder line protection, expansion of transmission & distribution (T&D) networks, and growth of the renewable sector. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the MV protection relay market. The key players include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US). The leading players are adopting various strategies to increase their shares in the MV protection relay market.
The global electric insulator market is projected to reach a market size of USD 13.34 billion by 2023, at a CAGR of 5.58%, from an estimated USD 10.17 billion in 2018. Increasing investments in T&D networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources are some of the major drivers of the electric insulator market. Increasing investments in smart grid projects and HVDC transmission methods for long-distance transmission could act as the opportunities for the electric insulator market. The report segments the electric insulator market, by type, into ceramic, composite, and glass. The ceramic insulator segment is expected to hold the largest market share in 2018 as ceramic insulators can perform in rugged environments with minimal leakage and provide optimum mechanical strength with considerable stress resistance. These advantages are some of the key factors that support the growth of the ceramic insulator market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric insulator market. The key players ABB (Switzerland), GE (US), Siemens (Germany), Toshiba (Japan), and Aditya Birla (India). Contracts & agreements was one of the key strategies adopted by the players to strengthen the global presence and offerings.
The global utility drones market is estimated to be USD 110.2 million in 2018 and is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Rising demand for minimizing outages related to transmission & distribution infrastructure, focus on time and cost efficiency, and reachability in hazardous locations are the major drivers of the utility drones market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the utility drones market. The key players in the market Cyberhawk (Scotland), Delair (France), Measure (US), PrecisionHawk (US), and HEMAV (Spain). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.
The gas insulated transformer market is projected to grow from USD 2.75 Billion in 2018 to USD 3.45 Billion by 2023, at a CAGR of 4.61%. Gas insulated transformers are compact in size and has no risk of oil leakage. These features has resulted in increasing demand of gas insulated transformers. The other factors such as rising electrical infrastructure investments and initiatives to improve electrification rate are further driving the gas insulated transformer market during the forecast period. To provide in-depth analysis of the competitive landscape, the report includes the profiles of some of the key players in the gas insulated transformer market, which include ABB (Switzerland), GE (US), Mitsubishi Electric (Japan), Siemens (Germany), Toshiba (Japan), and Arteche (Spain).
The global dehydrating breather market is projected to reach a market size of USD 501.8 Million by 2023 from an estimated USD 402.5 Million in 2018, at a CAGR of 4.51% during the forecast period. This growth can be attributed to the increase in investment of transmission and distribution infrastructure and increase in demand for protection of equipment. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the dehydrating breather market. These players include ABB (Switzerland), Siemens (Germany), Hubbell (US), Maschinenfabrik Reinhausen (MR) (Germany), and Des-Case (US). The leading players adopted various strategies such as new product launches and mergers & acquisitions to increase their market shares.
The global busbar protection market is expected to grow at a CAGR of 6.10%, from 2018 to 2023, to reach a market size of USD 4.31 Billion by 2023 from USD 3.20 Billion in 2018. The increasing investment to modernize the transmission & distribution infrastructure is the main driver for the growth of the busbar protection market. The development of digital protection relay (modern relay) is also fuelling the growth of the busbar protection market. Delays in grid expansion projects due to government regulations and environmental clearances is the main restraint for the busbar protection market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the busbar protection market. These players include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).
The smart electric meter market is projected to grow from an estimated USD 9.27 Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to 2023. The increased need for efficient data monitoring systems, coupled with favourable government policies for a smart meter rollout is driving the market for smart electric meters. Other factors include improved cost savings, increased investment in smart grid projects in Europe and North America, and increased emphasis on renewable energy sources. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the smart electric meter market, such as Itron (US), Landis+Gyr (Toshiba Corporation) (Switzerland), Jiangsu Linyang (China), Wasion (China), Aclara Technologies (Hubbell Incorporated) (US), Schneider (France), Siemens (Germany), Honeywell (US), and Iskraemeco (Slovenia).
The global electrical bushings market is estimated to be USD 2.45 Billion in 2018 and is projected to reach USD 2.96 Billion by 2023, growing at a CAGR of 3.86%, from 2018 to 2023. Rising electrical network expenditure and an increasing demand for electrical equipment from end-users such as railways and the renewable sector are the major drivers of the electrical bushings market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electrical bushings market. The key players include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Nexans (France). The leading players are adopting various strategies to increase their market shares.
The global light management system market is estimated to be USD 11.66 Billion in 2018 and is projected to reach USD 21.51 Billion by 2023, growing at a CAGR of 13.03%, from 2018 to 2023. The growing demand for smart controls in building automation systems along with increasing adoption of energy-efficient lighting are the main factors driving the light management system market globally. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the light management system market. These players include GE (US), Philips Lighting (Netherlands), Eaton (Ireland), Zumtobel (Austria), and OSRAM (Germany). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
The global wire and cable management market reached a size of USD 15.82 Billion in 2017; it is projected to reach USD 25.26 Billion by 2023, growing at a CAGR of 8.36%, from 2018 to 2023. Increasing investments in infrastructure development activities, high demand from IT facilities and data centers, and growing urbanization in the developing regions of Asia Pacific the Middle East and Africa are driving the market for wire and cable management. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the wire and cable management market such as Legrand (France), Eaton (Ireland), Hellermann Tyton (England), Atkore (US), Panduit (US), and Obo Bettermann (Germany).
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 load break switch 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. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the load break switch market. These include GE (US), Siemens (Germany), Schneider (France), Eaton (Ireland), and ABB (Switzerland). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
The global recloser control market is estimated to reach a size of USD 1.12 Billion in 2017 and is expected to grow at a CAGR of 6.22% to reach USD 1.52 Billion by 2022. The expansion of distribution networks, increase in use of automated distribution techniques, and rise in the use of power protection equipment to increase reliability and reduce service outages are the main factors driving the recloser control market globally.Eaton (Ireland), Schneider (France), Siemens (Germany), Tavrida (Switzerland), and NOJA Power (Australia). These players have adopted growth strategies such as product launches, contracts & agreements, and expansions to capture a larger share in the recloser control market.
The electrical SCADA market is expected to grow from an estimated USD 2.29 Billion in 2017 to USD 3.29 Billion by 2022, at a CAGR of 7.48%, during the forecast period. This growth can be attributed to factors such as increased investments in electrical networks and government initiatives toward the adoption of industrial automation. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electrical SCADA market. These players include ABB (Switzerland), Schneider (France), Rockwell Automation (US), Yokogawa (Japan), Honeywell (US), Siemens (Germany), Larsen & Toubro (India), Mitsubishi (Japan), Emerson (US), Open system International (US), Advanced Control System (US), and Bentek Systems (Canada). These players adopted various strategies such as new product launches, contracts & agreements, and investments and expansions, to increase their global presence and market share.
The global self-healing grid market was valued at USD 1.58 Billion in 2016 and is projected to grow at a CAGR of 9.07%, during the forecast period, to reach USD 2.66 Billion by 2022. Government policies and legislative mandates for transmission & distribution utilities, complexity in distributed energy generation and the need to protect electric utilities from cyber attacks are the major factors driving the self-healing grid market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the self-healing grid market. These include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
The global cables and accessories market is estimated to reach a size of USD 121.63 Billion in 2017, and is further projected to reach USD 158.25 Billion by 2022 growing at a CAGR of 5.40% from 2017 to 2022. Increasing installation of offshore windfarms, growing grid interconnections, and new transmission line projects and upgrades are driving the market growth of cables and accessories around the world. To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the cables and accessories market. These players include Prysmian (Italy), Nexans (France), NKT Cables (Germany), General Cables (US), Sumitomo (Japan), and ABB (Switzerland). Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
The global smart transformers market is projected to grow at a CAGR of 10.54%, from 2017 to 2022, to reach a market size of USD 2.43 Billion by 2022. This growth can be attributed to the increasing power demand, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, digitalization of power utilities, investments in smart grids and energy systems, and revamping of old T&D infrastructure. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the smart transformers market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), and General Electric (US).
The global medium voltage cables and accessories market was valued at USD 39.31 Billion in 2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables and accessories market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the medium voltage cables and accessories market. These include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
The utility asset management market is expected to grow from an estimated USD 2.75 Billion in 2017 to USD 4.09 Billion by 2022, registering a CAGR of 8.25%, from 2017 to 2022. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the utility asset management market. These players include Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric Company (US), and Emerson Electric (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
The global busbar trunking system market was valued at USD 5.90 Billion in 2016 and is expected to grow at a CAGR of 6.88%, from 2017 to 2022. Increasing demand for electricity, increased government mandates to save electricity, multiple operational and technical advantages to potential end-users, and space constraints in multi-storey buildings are the major drivers that would trigger the busbar trunking system market.
The surge protection devices market is expected to grow from an estimated USD 2.06 Billion in 2017 to USD 2.68 Billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures.
The molded case circuit breakers market is expected to grow from an estimated USD 6.92 Billion in 2016 to USD 9.62 Billion by 2021, ata CAGR of 6.82%. In this report, the molded case circuit breakers market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Asia-Pacific is expected to dominate the market, given an increase in the number of construction activities in countries such as India and China.
The outage management system market is expected to grow from an estimated USD 493.7 Million in 2016 to USD 1,148.6 Million by 2021, at a CAGR of 18.4%. The global market is set to witness growth owing to increasing grid reliability and smart grid deployments, which will lead to significant investment for the upgrade and replacement of the existing T&D infrastructure.
The Asia-Pacific package substation market is expected to reach USD 3.04 Billion by 2020, at a CAGR of 7.82% from 2015 to 2020. The growth of this market is attributed to huge electricity demand and modernization of existing power infrastructure in developing countries. Investments for renewable power generation in South Asian countries have been planned to meet the rising power demand, which in turn are going to boost the demand for package substations in Asia-Pacific.
The Pad-mounted transformer market is estimated to reach USD 6 Billion by 2020. The current market size is valued at USD 4.5 Billion and is estimated to grow at a CAGR of 5.21% for the forecast period from 2015 to 2020. The report segments pad-mounted transformers on the basis of its phase, rated power, insulation type, and by end user. The only other technology available is pole-mounted transformer. Pole-mounted transformers are currently limited by rated power as high rated power pole mounted transformers are bigger in size and need strong poles with proper balancing to mount. Other than that, there is no technology at present which can replace pad-mounted transformers.
Fault current limiter technology provides a perfect solution to control fault current levels on utility distribution and transmission networks. The device remains invisible unlike reactors which possess some resistance during normal operation. This technology increases the efficiency and reliability of the electrical system and eliminates wide area blackouts, reduce localized disruptions, and improve recovery time when faults do occur. Global fault current limiter market is projected to grow at a CAGR of 9.2% during 2015-2020, to reach a value of USD 5.2 Billion by 2020.
The global HV capacitor market has growth opportunities owing to increasing electric demand in developing economies such as India, Brazil, and China, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for HV capacitors. These drivers are expected to push the HV capacitors market size from USD 133.86 Million in 2014 to USD 218.84 Million by 2020 with a CAGR of 7.8% from 2015 to 2020. The report also provides insights about the major players of the market.
Global modular substation market targets the compact and modular substations available in the market. These substations replace the conventional substation with modernized equipment and better power distribution in the networks. Global modular substation market is estimated to be at USD 10.78 Billion in 2015 and is projected to reach USD 16.48 Billion by 2020, at a CAGR of 8.85% from 2015 to 2020.
The global sectionalizer market is projected to reach USD 2.0 billion by 2027, at a CAGR of 5.2% during the forecast period. ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Hubbell (US), Eaton Corporation (Ireland), Tavrida Electric (Estonia), G&W Electric (US), Entec Electric & Electronic (South Korea), are the key players in the global sectionalizer market.
Power cables & accessories are the basic requirement for transmission and distribution of electricity from the point of generation to the point of consumption. Depending on the application, power cables are classified into four voltage categories: low voltage, medium voltage, high voltage, and extra-high voltage. Global low voltage cable & accessories market was valued at USD 99.2 Billion in 2014. It is projected to grow at a CAGR of 7.0% from 2015 to 2020.