Why Should You Know The Growth of Low Voltage Protection and Control Market

The global low voltage protection and control market is expected to grow from an estimated USD 13.2 billion in 2018 to USD 19.8 billion by 2025, at a CAGR of 5.97%. The growth of this market is driven by the increasing demand for renewable energy sources, growing per capita consumption of energy, and demand for safe and secure electrical systems.

The global low voltage protection and control market is dominated by few major players that have a wide regional presence. The leading players in the low voltage protection and control market are Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), and Emerson(US).

The major strategies adopted by the players include new product launches, investments & expansions, mergers & acquisitions, contracts & agreements, partnerships, and collaboration. Mergers & acquisitions was the most commonly adopted strategy from August 2015 to November 2018. These industry players also adopted contracts & agreements and new product launches as major strategies during that period.

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Key Questions addressed by the report

• The report identifies and addresses key markets for low voltage protection and control, which would help manufacturers review the growth in demand.
• The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and make better strategic decisions.
• The report addresses the market share analysis of key players in low voltage protection and control market, and with the help of this, companies can enhance their revenues in the respective market.
• The report provides insights about emerging geographies for low voltage protection and control market, and hence, the entire market ecosystem can gain competitive advantage from such insights.

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Scope of the Report

This study estimates the global market for low voltage protection and control, in terms of USD, until 2025. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include analysis of the competitive landscapes, market dynamics, market estimates, in terms of value, and future trends in the low voltage protection and control market.

The Asia Pacific region is expected to hold the largest market share for the residential segment between 2018 and 2025 because China and India are among the top 5 populated countries as well as the fastest growing economies. On the other hand, these countries have specific renewable energy aims that support their carbon emission targets which further supports the implementation of low voltage protection and control equipment.

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North America is the second largest region, with countries such as the the US, Canada, and Mexico, that is investing in upgrading its old transmission and distribution infrastructure and smart grid infrastructure. Also, there is an an increased focus on energy efficiency and emphasis on carbon reduction which offers opportunities to the major players in the region. This is expected to boost the market for low voltage protection and control equipment as they would be intensively used to make the grid reliable and safe for operations.

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