Reportstack has announced a new market research report on Global LV Switchgear Market 2014-2018. The report analyzes major trends such as the steady shift from conventional switchgears to modular switchgears. Several organizations prefer modular switchgears as they improve organizational efficiency and reduce power transmission losses.

Low-voltage switchgears are a combination of components like circuit breakers, lightning arrestors, current transformers, protection panels, and disconnectors. They are used to effectively control and distribute electric power across residential, commercial, and industrial premises in order to protect electrical circuits and equipment from unregulated power spikes. Low-voltage switchgear products mainly include panel boards, distribution switchboards, and switches.

“Low-voltage switchgears in the Industrial sector provide quick and easy distribution of energy with varying power demand. Therefore, the increased demand from the Construction and Industrial sectors in developing countries is driving demand and contributing to the positive market projections in this area,” .

Shift Towards Modular Switchgears

The transition from conventional switchgears to modular switchgears is one of the major trends in the Global Low-voltage Switchgear Market. Conventional low-voltage, air-insulated switchgears have various components such as circuit breakers, current transformers, and disconnectors. These components need more installation space, increasing the cost of installation. However, modular low-voltage switchgear overcomes these issues by integrating these functions into the breaking chamber of the circuit breaker. This results in easy installation and optimization of the overall operational cost. This trend is expected to augur well for the growth of the market during the forecast period.

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit http://www.reportstack.com/product/163707/global-low-voltage-switchgear-market-2014-2018.html