Key vendors to strategically increase their sales through sale of different equipment
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global electrical equipment market for power distribution industry in their latest research report. This report also lists 6 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of the following equipment in the market.
- Switchgear: These are a combination of various electrical components that are associated with power system protection. The essential components include relays, circuit breakers, and fuses.
- Smart meters: It is a two-way communication electronic device used for recording electricity consumption by the user and sending the data to the distribution utility.
This Technavio report, under unit operations vertical, is based on the synthesis, analysis, and interpretation of information about the global electrical equipment market for power distribution industry collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The integration of renewable energy and reforms in the global distribution sector are two primary drivers for the market’s growth. The vendors in the market are focusing on emerging economies such as India and Indonesia to promote and distribute smart energy meters, power cables, and transformers. The companies are seizing new potential opportunities by developing smart grid-based solutions like self-healing networks and smart meters to increase their competitive edge in the market. Leading distributors are focusing on utilities and governments to secure their long-term presence in a country. Many players are also signing contracts or collaboration deals to supply distribution equipment to sustain the competition in the market.
“Many vendors in the market are focusing on the microgrid projects that are integrated with renewable energy. These grids can effectively withstand the variations in renewable energy power generation. The presence of abundant solar and wind energy sources has led countries like Kenya to adopt microgrid solutions to meet the rising energy requirements in the country,” says Anju Ajaykumar, a lead analyst at Technavio for research on unit operations.
Top five vendors in the electrical equipment market for power distribution industry
ABB
ABB offers automation and power technologies to diverse industries including utilities, transport, and infrastructure. It operates business through various reportable segments like power products, power systems, low-voltage products, and process automation. Recently, ABB launched a line voltage regulator (LVR) product for distribution networks that will improve the reliability of grids, as they receive more electricity from renewable energy installations.
Key products: Cable accessories, Distribution automation products, High-voltage equipment, Transformers, Low-voltage equipment, and Medium-voltage equipment.
Eaton
The company operates as a power management company providing solutions that help customers manage electrical, hydraulic, and mechanical power. It also develops products that safely distribute power to homes and businesses. In recent times, it signed an agreement with Abunayyan Trading Company, to distribute its hydraulic, power and motion control products throughout Saudi Arabia.
Key products: Indoor power centers, Busway, Grid-tie inverters, Surge protection devices, Medium-voltage switchgear, Protective relays, and Switchboards.
Emerson Electric
Emerson offers technology and engineering solutions for industrial, commercial, and consumer markets. The company operates its business through various segments like process management, network power, industrial automation, climate technologies, and commercial and residential solutions segments. It recently acquired IntelliSAW, one of the leading providers of protective systems for electric power transmission and distribution tools.Key products: Rack power distribution units, Power strips, Transfer switches, and Power distribution products.
Schneider Electric
The company manufactures and sells a wide range of equipment used for electricity distribution, energy management, and automation management. It offers various power distribution solutions in the market. Recently, it has introduced a product called Masterpact MTZ, a next-generation low-voltage breaker with an industry first embedded class 1 metering.
Key products: Compact NSX circuit breakers, Varset reactive compensators, Digital ammeters, Accusine PCS active harmonic filters, ID-Spec large software, and Automatic transfer systems.
Siemens
Siemens focuses on the areas of automation, electrification, and digitalization and supplies equipment for power generation and transmission, and medical diagnosis. The company’s low-voltage devices can be coordinated for different applications, whether in buildings, industries, or cities. Recently, it signed two MoUs with the Indonesian state power company Perusahaan Listrik Negara for the development of 500 MW of distributed power generation capacities and improving the Indonesian transmission and distribution grid.
Key products: Low-voltage devices, Medium-voltage components, and Low-voltage light switches.
Other prominent vendors in this market include Aggreko, Carling Technologies, General Electric, Honeywell, Universal Electric Corporation, and 3M.
A more detailed analysis is available in the Technavio report, Global Electrical Equipment Market for Power Distribution Industry 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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