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Ethernet Connected Switchboards In Demand
Posted: Dec 16, 2018
The global switchgear and switchboard apparatus manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4.3% during the historic period. This mainly due to increased urbanization, which drove the demand for switchgear and switchboard apparatus.
In the forecast period, the switchgear and switchboard apparatus manufacturing market size is expected to be over $248.9 billion by 2021, growing at a CAGR of nearly 4.3%. The growth rate can be attributed to several factors which include economic growth in emerging economies, increasing investments in smart cities.
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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 to minimize energy consumption.
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The switchgear and switchboard apparatus manufacturing industry comprise establishments manufacturing switchgear and switchboard apparatus. Switchgear is the combination of electrical disconnect switches and circuit breakers used in electricity transmission to interrupt or reestablish the flow of electricity.
The switchgear and switchboard apparatus manufacturing market is segmented into Switchgear Manufacturing And Switchboard Manufacturing.
Switchgear is used in combination with metering and regulating equipment to control and protect transmission lines, distribution lines, transformers, generators and motors.
Switchboard consists of one or more panels with various switches and indicators used to direct electricity and operate circuits. Bus bars inside switchboards are flat strips of copper or aluminum used to carry large currents through the switchboards.
The demand for arc resistant switchgear is increasing rapidly due to growing emphasis on safety on the shop floor and workplaces. Arc-resistant switchgears redirect arc energy out of the equipment through a duct or vent outdoors away from equipment operators. Arc-energy is the rapid release of energy due to an arcing fault between phase bus bars and neutral or ground. Arc-resistant switchgears are available for low and medium voltage systems. Arc resistant switchgear use prevents damage to adjacent equipment by directing the arc energy out through a vent. Major arc resistant switchgear and switchboard manufacturers for low and medium voltage systems include Eaton and GE manufacture arc-resistant switchgears
The companies covered are ABB Ltd., Toshiba Corporation, Schneider Electric S.A., General Electric Corporation, and China XD Electric Co Ltd.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global switchgear and switchboard apparatus manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4.3% during the historic period. This mainly due to increased urbanization, which drove the demand for switchgear and switchboard apparatus.
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