The Global Power Sector Market is driven by the need to supply power to meet the ever-growing demand for power. As the power demand increases around a particular region or area, new power generation capacity has to be added to the existing grid infrastructure. Transmission of power is a tedious task as the power has to be usually transmitted to large distances without any losses. Any fluctuation in power transmission can severely impact the operations of a grid, which may result in partial or complete blackouts.
The global power companies are continuously investing in building efficient transmission and distribution projects to minimize loss and ensure safe operations of systems. The Global Load Break Switch Market is increasingly used to minimize the current flow in the system of a particular voltage or load. This is to ensure that current of potentially higher operating capacity won’t affect the system operations or cause blackouts. The Global Load Break Switch Market is segmented on the basis of type, voltage type, installation type, end-use industries, and regions.
The outdoor installation type is expected to command a major market share, as many utility level projects are established outdoors. Since the power generated by this utility level power plants is directly connected to the grid, the implementation of load break switches in these projects is crucial to the grid safety operations. Gas-insulated type is increasingly preferred as they are easy to install and maintenance-free.
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The market is mainly driven by increased power installation processes and the refurbishment of power grid projects in the European and North American regions. The Asia Pacific region is expected to command a major market share as many new renewable energy and power generation projects are being set up in the region. The region is the current global leader in renewable energy and new power generation projects. This will drive the market for Load Break Switches, and it is expected that Asia Pacific will dominate the Global Load Break Switch Market during the forecast period.
The Global Load Break Switch Market is estimated to witness ~ 5.25% CAGR during the forecast period.
Gas-Insulated by Type in Load Break Switch Market holds the highest market share in 2017.
Based on Type, the Load Break Switches are classified into gas-insulated, vacuum-insulated, air- insulated, and oil-immersed types. The gas-insulated type is projected to command the largest market share as it is maintenance-free and easy to install and operate. The vacuum-insulated type is expected to command the second largest market share.
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The key players of the Global Load Break Switch Market are ABB (Switzerland), Eaton (Ireland), Schneider (France), GE (U.S.), Siemens (Germany), Socomec (France), Rockwell Automation (U.S.), Fuji Electric (Japan), Powell Electric (U.S.), and Ensto (Finland).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the Global Load Break Switch Market, including high-growth regions and/or countries, and political and economic environments. The project report, further provides both – historical market values and pricing & cost analysis.
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