(Companies: ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, GEDAC ELECTRIC, Kounis, and Aussie Switchboards)
The global switchboard market was worth $ 71.83 billion in 2019. The switchboard market consists of sales of switchboards and related services for distribution of electricity from one electrical source to another electrical source. Switchboards refer to the power distribution process system which consists of panels with different switches and indicators to direct and control electricity for functioning in circuits. The switchboard market covered in this report is segmented by type into low-voltage, middle-voltage, and high-voltage.
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The global switchboard market is expected to grow at a rate of about 8% and reach $95.78 billion by 2023. Increasing manufacturing efficiency of products for longer durability increases demand for the switchboards. Major companies are highly focusing on innovations to design switchboards. Incorporation of new technologies within the production tends to improve its efficiency and service life of the products.
However, the rising prices of raw materials is expected to limit the growth of the switchboard market.
Ethernet connected switchboards are widely being used in household and commercial buildings to save energy and reduce maintenance costs. Switchboards can be connected to a computer through an Ethernet cable. Electricity use, system status, and other data is transmitted to the computer through the Ethernet cable. Data obtained on the computer is analyzed by energy experts and suggestions are made to minimize energy consumption.
Major players in the market are ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, GEDAC ELECTRIC, Kounis, and Aussie Switchboards.
Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 Company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.
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Few Points From Table Of Contents:
2. Switchboard Market Characteristics
3. Switchboard Market Size And Growth
3.1. Global Switchboard Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Switchboard Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Switchboard Market Segmentation
4.1. Global Switchboard Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Switchboard Market, Segmentation By End Users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Switchboard Market Regional And Country Analysis
5.1. Global Switchboard Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Switchboard Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Switchboard Market
6.1. Asia-Pacific Switchboard Market Overview
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