Global Wind Electricity Market

Switchgear Market Definition

The switchgear market consists of sales of switchgear and related services by entities (organizations, sole traders and partnerships) that produce switchgear that are used in various applications such as in transmission and distribution utility, residential, commercial and industrial settings. Switchgear refers to a collection of switching devices including electrical disconnect switches, fuses or circuit breakers, which are used for controlling, protecting, and switching the electrical circuits and equipment. Under fault conditions, it detects the fault and interrupts the flow of electricity to the affected section, thereby isolating it from the healthy circuit

Analytical Laboratory Instruments Market Definition

The analytical laboratory instruments market consists of sales of analytical laboratory instruments and related services. These instruments are used in laboratory analysis of the chemical or physical composition or concentration of solid, liquid, gaseous, or composite materials. Analytical instruments are a large class of instruments used in end-user industries such as chemical, pharmaceutical, life-sciences, food processing labs and oil refineries for testing the samples. Analytical laboratory instruments are either electronic or non-electronic devices which help in assessing and analyzing samples, both qualitatively and quantitatively. Analytical laboratory instruments are used to analyze the chemical composition of a sample and the quantity of each component within a sample. They also encompass a portfolio of testing methods and their respective applications. Some of the common analytical laboratory instruments include mass spectrometers, chromatographs, titrators, spectrometers, particle size analyzers, rheometers, elemental analyzers and thermal analyzers.

The high voltage switchgear market consists of sales of high voltage switchgear and related services. The high voltage switchgear are electrical equipment used in an electrical path to deal with voltage above 36kV and are designed to perform some operations such as control, regulate, and switch on/off as needed in electric circuit. The global high voltage switchgear market is expected to grow from $11.31 billion in 2020 to $11.85 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.19 billion in 2025 at a CAGR of 5%. The high voltage switchgear maket covered in this report is segmented by insulation type into gas insulated, oil insulated, air insulated. The demand for electricity generation is projected to drive the high voltage switchgear market. Availability of electricity has become essential for the economic development and poverty allevation. Development of industrialization, urbanization requires continuous electricity supply, and reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, electricity demand is driving the demand of high voltage switchgears in the forecast period. For instance, according to IEA, a Paris-based autonomous intergovernmental organization, global electricity demand expected to grows at 2.1% per year to 2040, twice the rate of primary energy demand. Unstable prices of raw materials are restraining the high voltage switchgear market. Prices fluctuate due to availability of low quality materials at cheaper prices of high voltage switchgear. This arises the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of high voltage switchgear is expected to hinder the market growth. A survey was conducted by Manufacturers’ Outlook Survey, in 2019, within the switchgear manufacturing companies, across globe. According to the survey, 79.8% of respondents consider the cost of raw material as the top concern in manufacturing of switchgears. Electronic and Telecommunication companies are increasing the implementation of mobile substations. Installation of mobile substations enables to restore electricity under outdoor conditions or in unforeseen circumstances and are functionally designed to provide temporary power supplies as quickly as possible. In addition, these mobile substations incorporates generator, transformer, metal clad switchgear, outdoor load break switches and breakers, which is used for network extensions, and temporary switching stations. For instance, ABB Group, a Switzerland multinational corporation designed the mobile substation for the Italian railway network. Thereby, the use of mobile substations as per necessity energy generation is becoming latest trend in the market. In April 2019, Eaton Corporation, an Irish based power management company acquired 82.27% majority stake in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. Acquisition of Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S was aimed to strengthen Eaton Corporation in manufacturing of electrical equipment. Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S, a Turkey-based company, is in the manufacturing of switchgear, distribution transformers, substation kiosks, and medium-voltage cable connection systems. The major players covered in the global high voltage switchgear market are ABB Ltd., General Electric, Company Crompton Greaves Limited, Fuji Electric, Hitachi, Hyosung Corporation, Mitsubishi Electric Corporation, Toshiba Electric Corporation, Siemens AG, Eaton Corporation, Schneider Electric SE, China XD Electric Group Co. ltd, Henan Pinggao Electric Co., Ltd., Hyundai Heavy Industry, Ltd, Nissin Electric, Shanghai Siyuan Electric Co., Ltd, BHEL, LSIS, Shenyang High-Voltage Switchgears Ltd, Energomash, New Northeast Electric Group High Voltage Switchgear Co., Ltd, Shandong Taikai High-volt Switchgear Co., Ltd, Larsen &Turbo, Hubbell, Powell Industries, Rittal, Meidensha Corporation, Iljin Electric, Ormazabal, Alstom SA, OJSC Power. The countries covered in the global high voltage switchgear market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global high voltage switchgear market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global high voltage switchgear market is segmented - 1) By Insulation type: Gas Insulated, Oil Insulated, Air Insulated 2) By Application: Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation 3) By Product Standard: IEC Stardard, ANSI Standard 4) By Component: Circuit Breakers, Relays, Other

The switchgear and switchboard apparatus market consist of sales of switchgear and switchboard apparatus and related services that are used in various applications such as transmission and distribution utility, residential, commercial and industrial. A switchgear refers to collection of the switching devices that are used for controlling, protecting, and switching the electrical circuits and equipment. Switchboards refers 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 global switchgear and switchboard apparatus market is expected to grow from $118.81 billion in 2020 to $131.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $178.95 billion in 2025 at a CAGR of 8%. The switchgear and switchboard apparatus market covered in this report is segmented by product type into switchboard and switchgear and by end-user into residential, commercial and industrial. 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, 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. According to the survey conducted by Manufacturer's Outlook, in 2019, within the switchgear manufacturing companies, across the globe, about 79.8% of respondents' top concern was the cost of raw material in the manufacturing of the switchgear. 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 and switchboard apparatus market. In December 2018, Hitachi Ltd. a Japanese based multinational conglomerate company acquired an 80.1% stake of ABB power grids unit worth $11 billion. With this acquisition, Hitachi Ltd aimed to strengthen its market position in power transmission and distribution system. ABB power grid, a Switzerland based company known for power transformers, long-distance transmission systems, and designing energy storage units. The major players covered in the global switchgear and switchboard apparatus market are ABB, Schneider Electric, General Electric, Siemens, Eaton Corporation, Mitsubishi, Powell, Hyosung, CG Power and Industrial Solutions Limited, Toshiba, Bharat Heavy Electricals Ltd., Alstom SA, GEDAC ELECTRIC, Kounis, Merriam-Webster, Aussie Switchboards, Larsen & Toubro, Elektrobudowa, Hubbell, Lucy Electric, SEL, Fuji Electric, IEM, CandS Electric, CUBIC, ROMAC, Rolla, Nilsen, Leoni, Mastervolt, Hyundai. The countries covered in the global switchgear and switchboard apparatus market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global switchgear and switchboard apparatus market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. 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, Others

The power generator manufacturing market consists of sales of generators which are machines that convert mechanical energy into electrical energy for applications in external circuits. A generator uses mechanical energy such as steam, gas, water to convert it into electrical energy for uninterrupted power supply.

The motors and generators market consists of sales of motors, generators, and related services. The motor converts electrical energy into mechanical energy and the generator converts mechanical energy into electrical energy.

The electrical lighting equipment market consists of sales of electrical lighting equipment by entities (organizations, sole traders and partnerships) that produce electric light bulbs and tubes, and parts and components (except glass blanks for electric light bulbs) or electric lighting fixtures (except vehicular), nonelectric lighting equipment, lamp shades (except glass and plastics), and lighting fixture components (except current-carrying wiring devices). The electrical lighting equipment market is segmented into general lighting; automotive lighting and back lighting. The global electric lighting equipment market is expected to grow from $125.3 billion in 2020 to $129.47 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $175.67 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global electric lighting equipment market, accounting for 31% of the market in 2020. Western Europe was the second largest region, accounting for 25% of the global electric lighting equipment market. Africa was the smallest region in the global electric lighting equipment market. Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and work places to integrate and control internal and external light fixtures. Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of fixtures. For instance, in 2018, OSRAM Licht AG, a lighting manufacturer collaborated with Nokia to provide equipping LED ceiling luminaires with 5G radio chips to transmit data inside commercial buildings. The major players covered in the global electric lighting equipment market are General Electric Corporation, Panasonic Corporation, Koninklijke Philips NV, Eaton Corporation Plc, OSRAM GmbH. The countries covered in the global electric lighting equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global electric lighting equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electric lighting equipment market is segmented - 1) By Type: General Lighting, Automotive Lighting, Back Lighting 2) By Application: Residential, Commercial, Automotive, Others 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: Incandescent Bulbs, Halogen, High Intensity Discharge (HID) Bulbs, Linear Fluorescent (LFL) Bulbs, Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED), Automotive Halogen Bulbs, High Intensity Discharge [HID] Bulbs, Automotive Light Emitting Diode (LED) Bulbs, Cold Cathode Fluorescent Lamps (CCFL), Back Lighting-Light Emitting Diode (LED)

Electronic Products Market Definition

The electronic products market consists of sales of electronic products by entities (organizations, sole traders and partnerships) that produce electronic products. These include semiconductors, audio and video equipment and other electronic components. Electronic products are electronic devices that stores, generates or transmits information in electronic form. These are components used for controlling the flow of electrical currents for information processing and system control. Electronic products include televisions, speaker systems, household-type video cameras, jukeboxes, and amplifiers for musical instruments are used for various applications such as entertainment and communication.