Load Break Switch Market - Global Industry Analysis

Load Break Switch Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-6230 Status : Upcoming

Description

Global Load Break Switch Market: Overview

A load break switch is a switching device that are been used to switch voltages ranging from 1000 V to 33 kV. In outdoor or indoor medium voltage systems, the load break switch of AC high voltage is used at a rated frequency of 50/60 Hz. These switches can be used for the switching ON & OFF operation of Transformers & IN/OUT operations.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Load Break Switch Market: Growth Factors

The global load break switch market is growing at a lucrative rate. Rise in electrification in developing countries, rapid growth in industrialization, and rise in automation activities are some of the major factors that are primarily boosting the growth of the global market. Load break switches can be used as a replacement for the 2 pole structure and also protect the transformer that is not provided by the 2 pole structure. Also as compared to the 2 pole structure, load break switches are cheaper & safer and are easy to switch On and Off the supply. Further, SF6 load break switches are extensively used in the power distribution grids to enhance control capabilities and segment long lines. It also provides long life, low maintenance, user safety, and reliable operation. All these factors are fostering the growth of the global load break switch market. In addition to this, renovation of existing power infrastructure and increase in investment in the installation of power distribution grids are also some of the factors that are propelling the growth of the market. Moreover, the growing focus on renewable power generation is also one of the factors that are augmenting the growth of the global market. Furthermore, electric utilities adopting digitalization at a rapid rate is likely to spur the growth of the global load break switch market over the forecast period. However, the high cost associated with the load break switches may hinder the growth of the global load break switch market.

Nationwide lockdown and restriction on movement have brought most of the business on standstill and hugely impacted the global economy. The business of most of the industries and utilities including automotive and oil & gas industries is been affected as the processing units were enforced to shut down during the pandemic. This led to a decline in the demand for the load break switches. Moreover, the production and launch of innovative load break switches were also been severely hit due to disruption in the supply chain and constriction on labor. Owing to all these factors, the global load break switch market experienced a slow growth rate during the pandemic.

Global Load Break Switch Market: Segmentation

The global load break switch market is classified based on type, installation, voltage, and end-user. Based on the type, the global load break switch market is categorized as oil-immersed, air-insulated, vacuum, and gas-insulated. The installation segment is split into outdoor and indoor. Based on the voltage, the global market is bifurcated into below 11 kV, 11 kV–33 kV, and 33 kV–60 kV. The end-user segment comprises industrial, utilities, and commercial.

Global Load Break Switch Market: Regional Analysis

Region-wise, Asia Pacific is projected to dominate the global load break switch market during the forecast period. Factors such as rapid industrialization, increase in electrification, and well-established distribution sector for load break switches are the prime factors that are fueling the growth of the market in this region. The rise in investment in electrical infrastructure is also among the factors that are contributing to the growth of the market in Asia Pacific region. The markets in North America and Europe are also anticipated to grow at a healthy rate due to the increase in the use of power distribution grids and the presence of advanced technologies leading to the launch of innovative products.

Global Load Break Switch Market: Competitive Players

ABB Ltd., Schneider Electric, Fuji Electric, Eaton Corporation, Siemens AG, GE, Larsen & Toubro Limited, Rockwell Automation, Powell Electric, and LSIS Co., Ltd. are some of the key participants that are operating in the global load break switch market.

Global Load Break Switch Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Rise in electrification in developing countries, rapid growth in industrialization, and rise in automation activities are some of the major factors that are primarily boosting the growth of the global market. Furthermore, electric utilities adopting digitalization at a rapid rate is likely to spur the growth of the global load break switch market over the forecast period.

ABB Ltd., Schneider Electric, Fuji Electric, Eaton Corporation, Siemens AG, GE, Larsen & Toubro Limited, Rockwell Automation, Powell Electric, and LSIS Co., Ltd. are some of the key participants that are operating in the global load break switch market.

Region-wise, Asia Pacific is projected to dominate the global load break switch market during the forecast period. Factors such as rapid industrialization, increase in electrification, and well-established distribution sector for load break switches are the prime factors that are fueling the growth of the market in this region. The rise in investment in electrical infrastructure is also among the factors that are contributing to the growth of the market in Asia Pacific region.

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