DUBLIN--(BUSINESS WIRE)--The "Load Break Switch Market by Type (Gas-Insulated, Vacuum, Air-Insulated, & Oil-Immersed), Voltage (Below 11 kV, 11-33 kV, 33-60 kV), Installation (Outdoor & Indoor), End-User (Utilities, Industrial, Commercial), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global load break switch market is estimated to be USD 2.32 Billion in 2018 and is projected to grow at a CAGR of 6.16%, from 2018 to 2023, to reach a market size of USD 3.12 Billion by 2023.
The load break switch market is driven by factors such as refurbishment of aging electrical infrastructure and increasing investment in power distribution sector. The growing renewable-based power generation is expected to boost the demand for load break switches. The emerging markets in Asia Pacific present a great opportunity for the load break switch market due to significant government initiatives to promote renewable energy generation and refurbishment of the aging electrical infrastructure.
The key players in the load break switch market include GE (US), Siemens (Germany), Schneider (France), Eaton (Ireland), and ABB (Switzerland). New product launches was the most commonly adopted strategy by the top players in the market from 2013 to 2017. It was followed by contracts & agreements, and investments & expansions, and mergers & acquisitions.
Market Dynamics
Drivers
- Refurbishment of Aging Power Infrastructure
- Increasing Investment in the Power Distribution Sector
Restraints
- Slowdown in Global Oil & Gas Sector
Opportunities
- Digitalization of Utilities
Challenges
- Availability of Counterfeit Products
- Availability of Substitutes Such as Vacuum Circuit Breaker
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Load Break Switch Market, by Type
7 Load Break Switch Market, by Voltage
8 Load Break Switch Market, by Installation
9 Load Break Switch Market, by End-User
10 Load Break Switch Market, by Region
11 Competitive Landscape
12 Company Profiles
- ABB
- Benchmarking
- Eaton
- Ensto
- Fuji
- GE
- LSIS
- Lucy Electric
- Powell
- Rockwell
- Schneider
- Siemens
- Socomec
For more information about this report visit https://www.researchandmarkets.com/research/xb9883/global_load_break?w=4
