Global Light Control Switches Market

A light commercial vehicle often known as an "LCV" is any passenger automobile or goods truck with a gross vehicle weight of more than 7,500 kilograms and includes tractors, trailers and others. The main types in the light commercial market are passenger vans, cargo vans, pickup trucks, light trucks, minibusses, and other types. Trucks carrying the highest gross vehicle weight of 3.5 metric tonnes and above 15 metric tonnes could be classified as light commercial vehicles (LCVs). The various fuel types are electric, diesel, and gasoline. The various tonnage capacities include less than 2.5 tons, 2.5 to 3.5 tons, and more than 3.5 tons. The light commercial market research report is one of a series of new reports from The Business Research Company that provides light commercial market statistics, including light commercial industry global market size, regional shares, competitors with a light commercial market share, detailed light commercial market segments, market trends and opportunities, and any further data you may need to thrive in the light commercial industry. This light commercial market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global light commercial vehicle market size will grow from $568.17 billion in 2022 to $639.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global light commercial vehicle market size is expected to grow to $1,001.35 billion in 2027 at a CAGR of 11.8%. The increase in online shopping is expected to drive the light commercial vehicle market. As urbanisation has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV). Moreover, the current pandemic situation has impacted online shopping owing to health concerns. According to Adobe Analytics, consumers in the USA spent $2.2 billion on November 2nd, 2020, a 31% increase in year-over-year growth, and another $2.0 billion on November 3rd, 2020, which was a 27% year-over-year increase. Thus, increased demand for goods through e-commerce is pushing the use of LCVs in logistics, paving the way for the growth of the light commercial vehicle market. The stringent emission norms imposed by the government-related CO2 emissions are expected to be a major challenge for the light commercial vehicle market. In the European Union (EU), LCV CO2 emission targets were set at 175g/km. The EU imposed stricter CO2 emission standards on passenger cars and LCVs, which came into force in January 2020. According to the new regulation standards (Regulation (EU) No 2019/631), the average CO2 emission target is 147 grammes of CO2 per kilometer. The new regulations focus on reducing average CO2 emissions by 31% for LCVs by 2030 as compared to 2021. The commission will impose an excess emission premium on the manufacturer of $112.15 (€95) for each g/km that is exceeded for all registered LCV if the manufacturer exceeds a specific emissions target. The strict CO2 emission regulations impact manufacturing expenditure and limit the growth of the light commercial vehicle market. Skateboard architecture is increasingly being preferred by manufacturers for high efficiency and productivity in light commercial vehicles and is turning out to be a trend in the light commercial vehicle market. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle and incorporates the battery. For instance, in February 2020, Hyundai partnered with Canoo, a Los Angeles-based company creating EVs, to jointly develop an electric vehicle (EV) platform. Hyundai and Kia’s scalable skateboard architecture will provide a simplified and standardised development process for their electrified vehicles, and this will help reduce costs. Major players in the light commercial market are Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, and Nissan. North America was the largest region in the light commercial vehicles market in 2022. Asia-Pacific was the second-largest region in the global light commercial vehicle market. The regions covered in the global light commercial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the light commercial market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The light commercial vehicle market consists of sales of cars and vans. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global light commercial vehicle market is segmented - 1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Other Vehicle Types 2) By Fuel: Electric, Diesel, Gasoline 3) By Tonnage Capacity Type: Less Than 2.5 Tons, 2.5 To 3.5 Tons, More Than 3.5 Tons

Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present. In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief. The main types of light towers are stationary and mobile. Stationary light towers are fixed or mounted towers on a particular base, horizontally or vertically, with high electric lamps with various sizes of masts and are ideal for fixed position use. These light towers have different types of lighting, such as metal halide, LED, and electricity. Light towers can be of either manual lighting technology or hydralic lighting technology. Light towers are of various fuel types, including solar/hybrid, diesel, and direct power. Light towers are used by end users, such as oil and gas, mining, construction, and events and sports. The light towers research report is one of a series of new reports from The Business Research Company that provides light tower statistics, including light towers industry global market size, regional shares, competitors with light towers share, detailed light towers segments, market trends and opportunities, and any further data you may need to thrive in the light towers industry. This light towers research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global light towers market size grew from $3.25 billion in 2022 to $3.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The light towers market size is expected to grow to $4.59 billion in 2027 at a CAGR of 7.0%. Increased infrastructure activities are significantly contributing to the growth of the light tower market. Light towers are usually used on mining sites, accident sites, construction sites, rescue solutions, and others. Light towers are very useful equipment on infrastructure construction sites such as railways, highways, or roadways, sewers, power lines, and other infrastructure projects during night operations in remote places where insufficient light is present and good illumination is required. Light towers on construction sites increase the safety of workers and productivity. For instance, in 2020, according to the CDP-ICLEI Unified Reporting System, approximately 304 infrastructure projects are under way across 97 cities in the United States. These projects include transportation, energy-efficient buildings, retrofit projects, and others. Therefore, the increasing infrastructure activities drive the growth of the light tower market. New product development is the key trend being followed by the companies operating in the light tower market. This is due to the presence of a large number of light tower manufacturing companies as well as their extending their growth in new areas to be a leader in the market. For instance, in 2021, Generac Power Systems, Inc., an American-based backup power generation products manufacturing company, developed a product named Generac’s V20 PRO tower, which is an all-in-one mobile lighting tower that can be operated with different fuelling systems such as diesel, battery, hybrid, external power, and solar energy in a single machine. Generac’s V20 PRO tower comes with a variety of external sources for charging the battery packs, including a solar panel kit, a generator, and a mains power supply. In September 2021, Trime S.R.L., an Italy-based light tower manufacturing company, partnered with Tecnogen Spa, an Italy-based multinational generator manufacturing company, and acquired FTG Equipment Solutions for an undisclosed amount. Through this acquisition, Trime S.R.L. aims to target the American light equipment industry, increase production through a distribution strategy, and strengthen its product portfolio of light towers for various infrastructure projects. FTG Equipment Solutions is an American-based distribution company for generators and light towers. Major players in the light tower market are Generac Mobile Products, Terex Corporation, Doosan Portable Power, Wacker Neuson SE, Atlas Copco (India) Ltd., United Rentals Inc., The Will-Burt Company, Aska Equipments Limited, Larson Electronic LLC, Olikara Lighting Towers Pvt Ltd., Allmand Bros. Inc., Xylem, Chicago Pneumatic, J.C. Bamford Excavators Ltd., Colorado Standby, Youngman Richardson, WANCO INC., and Multiquip Inc. North America and Asia-Pacific were the largest regions in the light tower market in 2022. During the forecast period, Asia-Pacific is expected to be the fastest-growing region. The regions covered in the light towers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the light towers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The light tower market consists of sales of audibles, ballasts, beacon accessories, beacons , flashlights and work lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global light towers market is segmented - 1) By Product: Stationary, Mobile 2) By Fuel Type: Solar/Hybrid, Diesel, Direct Power 3) By Technology: Manual lifting, Hydraulic lifting 4) By Lighting: Metal Halide, LED, Electric 5) By End User: Oil & Gas, Mining, Construction, Events & Sports

The disconnector switches refers to switches used to de-energize parts of the electrical network such as overhead lines, transformers, and others for maintenance, inspections and service. The primary function of disconnector switches is to act as a visual indicator of whether an electrical connection is closed or open. The basic components of disconnector switches include current or live parts, contact systems, supporting or rotating insulators, operating drive and connecting rods, and base frames. The main types of disconnector switches include fused and non-fused disconnector switches. The fused disconnector switches refer to switching devices used for manual or isolation of loads and distribution boards. They are capable of carrying and breaking specific rated current and protecting downstream electrical loads and disconnecting all poles from the power supply load. They are mounted on panel, DIN rail, and other mounts. They are used in low voltage, medium voltage, and high voltage applications in commercial and industrial sectors. The disconnector switches market research report is one of a series of new reports from The Business Research Company that provides disconnector switches market statistics, including disconnector switches industry global market size, regional shares, competitors with a disconnector switches market share, detailed disconnector switches market segments, market trends and opportunities, and any further data you may need to thrive in the disconnector switches industry. This disconnector switches market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global disconnector switches market size grew from $12.56 billion in 2022 to $13.48 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The disconnector switches market size is expected to grow to $17.88 billion in 2027 at a CAGR of 7.3%. Growing infrastructural and industrial developmental activities across the globe are expected to propel the growth of the disconnector switches market. Industrial development refers to the development of land for the manufacturing and partial manufacturing of goods, articles, substances, assembly of manufactured products, and others. An increase in infrastructural and industrial developmental activities is expected to boost the utilisation of disconnector switches, as they are used in industries to perform regular maintenance and repair activities. For instance, in January 2022, according to a budget document published by the Government of India, the industrial sector grew by 22.9% in the first half of 2021-22 compared to the same period in 2020–21, and it is expected to grow by 11.8% during 2021-22 financial year. Additionally, in November 2021, the fact sheet produced by the White House stated that congress had passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) for America’s infrastructure and competitiveness. Therefore, the growing infrastructural and industrial developmental activities are expected to boost demand for disconnector switches during the forecast period. Technological advancement is a key trend gaining popularity in the global disconnector switches market. The key players operating in the disconnector switches market are focusing on developing innovative products with greater operating efficiency and operator safety to meet fast-growing end-customer demands and strengthen their business position. For instance, in November 2020, Littelfuse, Inc., a US-based electronic manufacturing company, introduced a new DC disconnect Switch product line known as Littelfuse LS6 (available in 1000 and 500 V) and the LS6R (available in 1500 V) series for enhanced safety, in which high-level disconnection insulation acts as a barrier to inhibit conduction while the switch is in the off position. The LS6 and LS6R DC disconnect switches offer a streamlined design to eliminate the need for external bridging links or jumpers to lower heat dissipation and minimizes the damage caused by the arcs during disconnection with the integration of their patented operation system, which increases the product reliability, and longevity. In March 2021, Siemens AG, a Germany-based multinational conglomerate corporation acquired C&S Electric for $296.21 million. The acquisition by Siemens AG is focused on expanding its business presence in various sectors across India including home-building, construction, infrastructure, and other sectors. C&S Electric is an India-based manufacturer of low-voltage switchgear parts, metering devices, and other electrical equipment used to transmit and distribute electricity. Major players in the disconnector switches market are ABB Ltd., Leviton Manufacturing Co., Inc., Eaton Corporation PLC, General Electric Company, Havells India Limited, Littelfuse Inc., Mersen, Rockwell Automation Inc., Schneider Electric, Siemens, Socomec Group S.A., Driescher, Delixi Electric Co. Ltd., Honeywell, and Emerson. North America was the largest region in the disconnector switches market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disconnector switches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the disconnector switches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The disconnector switches market consists of sales of vertical break, double end break, single side break,center break, verticle reach, grounding, and hook stick. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global disconnector switches market is segmented - 1) By Type: Fused, Non-Fused 2) By Mount: Panel, DIN Rail, Other Mounts 3) By Voltage: Low, Medium, High 4) By Application: Industrial, Commercial

The automotive switch are used to establish or disconnect electrical connections between the power source and the on-board power supply. Automotive switches are used in vehicles for a large number of switching tasks, in various designs and uses for safety and comfort. The main types of automotive switches are ignition switches, HVAC switches, steering wheel switches, window switches, overhead console switches, seat control switches, door switches, hazard switches, and multi-purpose switches. Ignition switches consist of several components working together and controlled by the vehicle’s internal computer to get the vehicle started. Automotive switches are of various designs, such as rocket switches, rotary switches, toggle switches, and push switches. Automotive switches are used in vehicles that include PCVs, LCVs, HCVs, and two-wheelers. Automotive switches are used in indicator system switches, HVAC, EMS, and electronic system switch applications. The automotive switch research report is one of a series of new reports from The Business Research Company that provides automotive switch statistics, including automotive switch industry global market size, regional shares, competitors with automotive switch share, detailed automotive switch segments, market trends and opportunities, and any further data you may need to thrive in the sutomotive switch industry. This automotive switch research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive switch market size grew from $19.48 billion in 2022 to $21.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive switch market size is expected to grow to $31.6 billion in 2027 at a CAGR of 10.4%. The increasing adoption of electric vehicles globally is expected to propel the growth of the automotive switch market. An electric vehicle is a type of vehicle that does not use fuel like petrol, diesel, etc. Electric vehicles make use of electrical current while moving. Electric vehicles have low running costs as they have very few moving parts for maintenance and are also very environmentally friendly. For instance, according to Power Electronics in the United States, in 2021, electric vehicle markets are growing in all three countries: China, the US, and Europe. Sales increased by 160% in the first half of 2021, which means 0.26 billion units of electric vehicles were sold, showing 26% of new sales in the global automotive market. China remained the world’s top EV market, accounting for 12% of sales. Automotive switches are used as internal parts in cars. Therefore, the increasing adoption of electric vehicles drives the automotive switch market. Technological advancements in fingerprint automotive start are a key trend gaining popularity in the automotive switch market. Major companies operating in the automotive switch sector are focused on developing new technological solutions to strengthen their position. For instance, in September 2021, Genesses, a US-based company, announced TECH – a fingerprint automation system based on advanced technology and automotive intelligence. These are fingerprint automation-driven automotive switches. It helps the driver completely control the vehicle on the basis of biometric information without a smartphone or a smart key. The driver can drive the car using fingerprint recognition. The fingerprint authentication can also be used for in-vehicle usage and for the release of valet mode. The company is planning to introduce this technology in the new module GV60. In August 2022, Cummins Inc., a US-based automotive component manufacturer acquired Meritor, Inc for a deal of 3.7 billion. Through this acquisition, Cummins Inc aims to strengthen its products and capabilities in axle and brake technology. Meritor, Inc., is a US-based manufacturer of automobile components. Major players in the automotive switch market are ZF Friedrichshafen AG, Johnson Electric Holdings Limited, Leopold Kostal GmbH & Co. Kg, Marquardt GmbH, Preh GmbH, Valeo, and Robert Bosch. Asia-Pacific was the largest region in the automotive switch market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive switch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Switch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive switch consists of sales of power relays, PCB power relays, DC small power relay, power relays high capacities switching, AC power latching relays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive switch market is segmented - 1) By Type: Ignition Switches, HVAC Switches, Steering Wheel Switches, Window Switches, Overhead Console Switches, Seat Control Switches, Door Switches, Hazard Switches, Multi-purpose Switches, Other Types 2) By Design: Rocket Switches, Rotary Switches, Toggle switches, Push Switches 3) By Vehicle: PCV, LCV, HCV, Two Wheelers 4) By Application: Indicator System Switches, HVAC, EMS Switches, Electronic System Switches, Others Switches

Switchgear refers to a collection of switching devices that are used for controlling, protecting, and switching electrical circuits and equipment. 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 main product types of switchgear and switchboard apparatus are switchboard and switchgear. Switchgear is the apparatus that controls, regulates, and switches on or off the electrical circuit in an electrical power system. The products are used for industry, manufacture, and other applications by residential, commercial, and industrial end-users. The switchgear and switchboard apparatus market research report is one of a series of new reports from The Business Research Company that provides switchgear and switchboard apparatus market statistics, including switchgear and switchboard apparatus industry global market size, regional shares, competitors with a switchgear and switchboard apparatus market share, detailed switchgear and switchboard apparatus market segments, market trends and opportunities, and any further data you may need to thrive in the switchgear and switchboard apparatus industry. This switchgear and switchboard apparatus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global switchgear and switchboard apparatus market size will grow from $166.34 billion in 2022 to $178.08 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global switchgear and switchboard apparatus market size is expected to grow to $225.17 billion in 2027 at a CAGR of 6.0%. The demand for electricity generation is projected to drive the switchgear and switchboard apparatus market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, the demand for electricity generation is driving the demand for switchgear and switchboard apparatus in the forecast period. For instance, global demand for electricity rises at 2.1% per year to 2040 in the Specified Policies Scenario, double the rate of primary energy growth by 2040. Unstable prices of raw materials are restraining the growth of the switchgear and switchboard apparatus market. Price fluctuation is due to the availability of low-quality materials at cheaper prices. The use of low-quality products increases the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of the switchgear is expected to hinder the market growth. For instance, in October 2021, according to Institutional Investor, a UK-based organization, copper prices have risen by 125% in March 2020. Copper is major raw material for the switch gears. As a result, unstable prices of raw materials hinder the growth of the switchgear and switchboard apparatus market.. The last few years witnessed a rising demand for the installation of electric substations to restore normal power supply as fast as possible in case of emergencies. The installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and is functionally designed to provide temporary power supplies as soon as possible. Also, these mobile substations incorporate a generator, transformer, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, Siemens delivered two mobile substations for the national grid SA, and Aktif group delivered 10 mobile substations to the ministry of electricity Iraq. Therefore, increasing the adoption of mobile substations is one of the latest trends that will positively impact the switchgear and switchboard apparatus market. In January 2020, Siemens Ltd., a Germany-based engineering and electronics company acquired C&S Electric Limited for Rs 2,100 crore (294.4 million). With this acquisition, Siemens aimed to cater to the demand for reliable and efficient power supply in India. C&S Electric Limited is an Indian-based switchgear and power equipment manufacturing company. Major players in the switchgear and switchboard apparatus market are ABB, Schneider Electric, General Electric, Siemens, Eaton Corporation, Mitsubishi, Powell, Hyosung, CG Power and Industrial Solutions Limited, and Toshiba. Asia-Pacific was the largest region in the switchgear and switchboard apparatus market in 2022. Western Europe was the second-largest region in the global switchgear and switchboard apparatus market. The regions covered in the global switchgear and switchboard apparatus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the switchgear and switchboard apparatus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The switchgear and switchboard apparatus market consists of sales of ducts, fuses, cubicles, panel boards, power switchboards, circuit breakers, control panels, fuses, generator control, metering panels, knife switches, time switches, and other switchgear and switchboard apparatus. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global switchgear and switchboard apparatus market is segmented - 1) By Product Type: Switchboard, Switchgear 2) By End-User: Residential, Commercial, Industrial 3) By Application: Industry, Manufacture, Other Applications

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 main types of switchboards are low-voltage, middle-voltage and high-voltage. A low voltage distribution control panel is the main switchboard that ensures the reliability of an electrical system. It is the main component that distributes electricity throughout the various parts of a facility. The various product standard of switchboards includes IEC standard and ANSI standard that are used by industrial, residential, commercial and other end users. The switchboard market research report is one of a series of new reports from The Business Research Company that provides switchboard market statistics, including switchboard industry global market size, regional shares, competitors with a switchboard market share, detailed switchboard market segments, market trends and opportunities, and any further data you may need to thrive in the switchboard industry. This switchboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global switchboard market size will grow from $87.94 billion in 2022 to $92.72 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global switchboard market size is expected to grow to $110.28 billion in 2027 at a CAGR of 4.4%. 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. For instance, Shanghai municipal government and ABB signed a memorandum and invested about $2.4 billion in China for upgradation of functionality in building smart city with smart manufacturing for efficient and safe connectivity in Shanghai’s local enterprises. Increase in efficiency drives the demand for switchboard, thereby contributing to the growth of the market. The rising price of raw materials is expected to limit the growth of the switchboard market. The volatility of prices in raw materials such as copper, aluminium and steel are expected to have a significant impact on manufacturing cost of switchboards increasing the expenses of manufacturers. For instance, in late 2020’s, the Indian manufacturers of steel has increased the steel prices due to rising iron ore prices and strong demand for steel. In December 2020, the steel companies were charging around $34 to $37 (?2,500 to ?2,700) a ton of both flat and long products. Therefore, such fluctuations in raw material price effect the manufacturing cost of switchboards and this factor is expected to restrain the market growth of switchboard. 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 analysed by energy experts and suggestions to minimize energy consumption. For example, Enerlin’x system manufactured by Schneider is a smart panel that transmits energy consumption data to computer through Ethernet and Modbus interfaces. Some of the major companies manufacturing Ethernet connected switchboards include Schneider Electric, Southwire Company LLC., Siemens AG and Prysmian Group. In August 2021, Mitsubishi Electric Power Products, Inc. (MEPPI) and Mitsubishi Electric Corporation (MELCO) acquired U.K.-based Smarter Grid Solutions (SGS). SGS is a leading developer of software management solutions for the distributed energy resources (DER) market. The financial terms of the transaction were not disclosed. Globally, the electric power market has been trending toward decentralized generation sources, including DER and SGS' enterprise software solutions, which are used to manage power grids and market participation in energy systems with high penetrations of distributed, clean, and flexible energy assets. SGS will report into Mitsubishi Electric Corporation's North American power systems subsidiary, Mitsubishi Electric Power Products, Inc., and will maintain operations in Glasgow, Scotland. Major players in the switchboard market are ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, Gedac Electric, Kounis, and Aussie Switchboards. Asia-Pacific was the largest region in the switchboard market in 2022. Western Europe was the second-largest region in the global switchboard market. The regions covered in the global switchboard market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the switchboard market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The switchboard market consists of sales of ducts, fuses, cubicles, panel boards, power switchboards, and other switchboards. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global switchboard market is segmented - 1) By Type: Low-Voltage, Middle-Voltage, High-Voltage 2) By Product Standard: IEC Stardard, ANSI Standard 3) By End Users: Industrial, Residential, Commercial, Other End-Users

Switching equipment is any mechanical, electrical, pneumatic, or hydraulic device used to make and break the electric current in a circuit. The main applications of switching equipment are enterprise and industrial usage, telecommunication providers, servers and storage providers. A telecommunications provider provides telecommunications services or a combination of information and media services, content, entertainment, and application services over networks, utilizing network infrastructure as a rich, functional platform. The equipment are used by small enterprises, medium enterprises, large enterprises of automotive, healthcare, and telecommunication industry. The switching equipment market research report is one of a series of new reports from The Business Research Company that provides switching equipment market statistics, including switching equipment industry global market size, regional shares, competitors with a switching equipment market share, detailed switching equipment market segments, market trends and opportunities, and any further data you may need to thrive in the switching equipment industry. This switching equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global switching equipment market size will grow from $42.93 billion in 2022 to $46.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global switching equipment market size is expected to grow to $60.58 billion in 2027 at a CAGR of 7.0%. The increase in the popularity of IoT devices among the populace will led to a rise in the switching equipment market. IoT is becoming popular as a greater number of people are using smart devices and are mostly working on their errands, office work, communication, sending/receiving messages using smart devices, thus overwriting the traditional way. For instance, in 2021, Socomec, a Low Voltage (LV) Industrial Power Switching specialist based in France, has announced the release of New SIRCOVER with enhanced features in Manual Transfer Switches. All of these critical features are highlighted in the New SIRCOVER, which includes an Increased Terminal Clearance, with Enhanced Termination Capacity through Integrated Spreaders, that enables secure Aluminum termination, as well as Interphase barriers for added operations safety and an ergonomic Retrofit solution for the COS legacy range. The installation process of network switches is complex as it involves high accuracy and a number of sub-processes, thus hindering the growth of the switching equipment market during the historic period. Installing network switches is complex as these switches many functions such as allow connections to multiple devices, manage ports, manage VLAN security settings, and others. The degree of complexity is comparatively low when it comes to a small network in an enterprise or home. For large network enterprises, the installation process can take a long time to get completed. For instance, in the telecom industry, for telecom network backhaul projects, the installation process can take more than a week to complete. Power over Ethernet (PoE) technology is gaining importance in the switching equipment market, thus emerging as a major trend for network switches. PoE switches are becoming common because they reduce clutter and can be added to both smart and managed switches. PoE technology also has the ability to combine the networking and electrical power into one cable and provide data connection and electrical power to the powered devices. PoE installation can provide many benefits such as flexibility, reliability, and cost-efficient. For instance, there is no need for the users to purchase and install additional electrical wires and outlets for PoE network switches and this saves installation and maintenance costs. In July 2022, Littelfuse Inc., a US-based manufacturer of industrial technology acquired C&K Switches for an undisclosed amount. The acquisition is anticipated to increase both the company's technological and operational capabilities, enabling it to provide a comprehensive solutions offering to its large customer base across a variety of vertical end markets. C&K Switches is a US-based high-performance electromechanical switch and interconnect product designer and manufacturer. Major players in the switching equipment market are ADVA, Ciena Corporation, Ericsson, Huawei Technologies, Alcatel-Lucent, ZTE, Infinera Corporation, Fujitsu Limited, ECI Telecom Ltd., Cisco Systems, Inc., Tellabs, Inc., ADTRAN Inc., Aliathon Technology Ltd., NEC Corporation, Huawei Technologies, Nokia Siemens, Cyan, Ekinops, JDS Uniphase Corporation and BTI. North America was the largest region in the switching equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global switching equipment market during the forecast period. The regions covered in the global switching equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the switching equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The switching equipment market consists of sales of equipment, used to open and close electric circuits in general and build connections between nodes within a network. Information is shared on establishing of a connection between nodes. The switching equipment industry includes establishments that manufacture switching equipment including circuit breakers, contactors, switch disconnectors and disconnectors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global switching equipment market is segmented - 1) By End User: Small Enterprises, Medium Enterprises, Large Enterprises 2) By End-Use Industry: Automotive, Healthcare, Telecommunications 3) By Application: Enterprise And Industrial Usage, Telecommunication Providers, Servers And Storage Providers

Switchgear refers to a collection of switching devices that are used for controlling, protecting, and switching electrical circuits and equipment. Switchgears are used in various applications, such as transmission and distribution utilities, residential, commercial, and industrial. The main product types of switchgear are high voltage, medium voltage, and low voltage. The products are installed indoors and outdoors as gas-insulated switchgear (GIS), air-insulated switchgear (AIS), and others. Gas-insulated high-voltage switchgear (GIS) is metal-encapsulated switchgear that contains high-voltage components such as circuit breakers and disconnectors and can be safely operated in confined spaces. Extensions, city buildings, roofs, offshore platforms, industrial plants, and hydropower plants are all examples of places where GIS is used. The switchgear is used by residential, commercial, and industrial end-users. The switchgear market research report is one of a series of new reports from The Business Research Company that provides switchgear market statistics, including switchgear industry global market size, regional shares, competitors with a switchgear market share, detailed switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the switchgear industry. This switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global switchgear market size will grow from $78.4 billion in 2022 to $85.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global switchgear market size is expected to grow to $114.89 billion in 2027 at a CAGR of 7.7%. The demand for electricity generation is projected to drive the switchgear market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization, urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, the demand for electricity generation is driving the demand for switchgear in the forecast period. For instance, global demand for electricity rises at 2.1% per year to 2040 in the Specified Policies Scenario, double the rate of primary energy growth by 2040. Unstable prices of raw materials are restraining the growth of the switchgear market. Price fluctuation is due to the availability of low-quality materials at cheaper prices. The use of low-quality products increases the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of the switchgear is expected to hinder the market growth. For instance, in May 2020, according to an article published by TTI, Inc., a US-based electronic company, the most expensive variable cost involved with the fabrication of passive electronic components is raw materials. The last few years witnessed a rising demand for installation of electric substations to restore normal power supply as fast as possible in case of emergencies. The installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and is functionally designed to provide temporary power supplies as soon as possible. Also, these mobile substations incorporate generator, transformer, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, Siemens delivered two mobile substations for national grid SA, and Aktif group delivered 10 mobile substations to the ministry of electricity Iraq. Therefore, increasing the adoption of mobile substations is one of the latest trends that will positively impact the switchgear market. In January 2020, Siemens Ltd., a Germany-based engineering and electronics company acquired C&S Electric Limited for Rs 2,100 crore (294.4 million). With this acquisition, Siemens aimed to cater to the demand for reliable and efficient power supply in India. C&S Electric Limited is an Indian-based switchgear and power equipment manufacturing company. Major players in the switchgear market are Schneider Electric, Siemens AG, ABB, General Electric, Eaton Corporation, Hyosung, CG Power, Mitsubishi, Alstom SA, and Bharat Heavy Electricals Ltd. Asia-Pacific was the largest region in the switchgear market in 2022. Western Europe was the second-largest region in the global switchgear market. The regions covered in the global switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The switchgear market consists of sales of circuit breakers, control panels, fuses, generator control, metering panels, knife switches, time switches, and other switchgear. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The switchgear market is segmented into low voltage switchgear market (=1KV); medium voltage switchgear market (2KV - 36KV) and high voltage switchgear market (above 36KV). The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global switchgear market is segmented - 1) By Product Type: High Voltage, Medium Voltage, Low Voltage 2) By End-User: Residential, Commercial, Industrial 3) By Insulation: Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), Other Insulations 4) By Installation: Indoor, Outdoor