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Global market
Insights predicts that the market for low-voltage switchgear will exceed a pay
scale of $ 80 billion by 2025.
The research firm
examines factors affecting the market.
The power
industry has always been considered one of the most crucial elements of the
ensure the social well-being and economic progress of communities through
world.
The energy is a
a significant contribution to sustained growth and the electricity sector is essential
vertical in any economy.
Although there is
numerous sub-sectors of the global energy sector, we can say that the
The criticality of the low-voltage switchgear market has only increased in recent years.
past due to increasing spending on infrastructure expansion.
Although we can speak of a gradual change, the energy production mix is undergoing a radical transformation due to the deployment of various electrification programs, digitization, the growing trend towards renewable energy sources, aging power grid infrastructure, evolving regulatory standards and the emergence of disruptive technologies.
These factors
enabled the global low-voltage switching industry to take a new path
unprecedented expansion and growth.
1. ensure
Seamless access to energy for all The centrality of the industry of low-voltage switchgear in the vital electrification
programs to achieve the seventh Sustainable Development Goal (SDG).
Cut a
ambitious roadmap for the next 15 years, the UN General Assembly
approved 17 SDGs in 2015 for a better and more sustainable future
on a global scale.
Out of these
global goals, the seventh SDG calls for access to modern, affordable, reliable technologies,
and sustainable energy for all. According to "SDG7 tracking: energy
2018 Activity Report ", the world is not on track to meet the predefined
targets for 2030 and about one billion people still live without electricity.
Apparently, the
formulation of good policies and a commitment to undertake an extensive network
modernization and electrification programs is the only way to
ensure that the seventh SDG is achieved.
In this regard,
various regional governments are making rapid progress towards universal goals.
access to the electrification and modernization programs of the network which has
invariably benefited from the low
voltage equipment industry.
India
In order to
achieve universal electrification of households in the country and provide
Electrical connections to all underserved households in the rural hinterland
In both urban and urban areas, the Indian government has implemented two of
most vital electrification programs on the war footing.
The Pradhan
Mantri Sahaj Bijli Har Yojana Ghar "and the" Deen Dayal Upadhyaya Gram Jyoti
Yojana 'have a combined budget allocation of more than 50 000 crores of
which would ensure reliable electricity for all by last mile connectivity.
elaboration
further on the objectives of the two plans, the electricity distribution network
the nation would be reorganized to respond effectively to the growing demand for
uninterrupted and reliable power supply.
Modernize the
Network infrastructure is crucial because the current network network is not keeping up with the pace
increased electricity generation capacity, particularly in rural areas and
regions where the penetration of electricity has not reached satisfactory levels.
This makes the installation of microgrids and mini-grids an important part of
energy puzzle and increase the demand for low-voltage switchgear across
India in the years to come.
L & # 39; union
States
Change the
network and existing energy network infrastructures are increasingly seen as a
a must in the world's most advanced and developed economies. the
The US Department of Energy (DOE) has been proactive in pursuing its network
Modernization initiative to improve safety, reliability and resiliency
of the nation's electricity distribution system that complies with the
requests from 21st century and beyond.
According to a report cited by the DOE's multi-year network modernization program plan in 2015, the country's electricity services sector would require expenditures of approximately $ 1.5 trillion to $ 2 trillion between 2010 and 2010. 2030 only to maintain the reliability of the existing electricity service. It goes without saying that the US network infrastructure not only needs maintenance, but also a total redesign to ensure that it works in a way to optimize and to integrate the integration of new technologies into the existing grid network. Regardless of how it is done, it can be argued that the increasing investment in transforming the old and fragile infrastructure of the electricity grid would be crucial to increasing the revenues of the low-voltage switching industry.
Although
extensive and intensive programs are being deployed to strengthen the
transmission and distribution grids and
electrification, much more needs to be done to meet demand
SDG target for electrification.
Apparently, the
above-mentioned initiatives supported by the government in emerging and developed countries
country leads to increased demand for smart switches,
offering huge opportunities for the low-voltage switchgear market.
2
scanning: The following
breaking force defined to transform the manufacturing processes currently
followed in the low-voltage switchgear industry
Digitization is
impact on the global low-voltage switchgear industry in two ways:
in more and more intelligent devices and the way the manufacture of the
the product is realized. With the growing need to simplify the
process complexity, using automation technologies to reduce production
time, and the need to adapt to an ever-changing industry, low voltage
The equipment manufacturers are developing another breed of equipment that
would be appropriate for the operation of the smart grid.
In addition to
To do this, energy utilities around the world would be needed to deploy smart technologies.
switches to keep pace with the integration of renewable energies into the
energy production systems. Therefore, the development of compact,
ecological and reliable switches that require a minimum of
the time of installation and commissioning is the need of the hour. Wearing this in
the spirit, some major electrical equipment manufacturers use the digital
manufacturing tools to improve efficiency, reduce production time, minimize
manufacturing defect and achieve economies of scale.
For example,
Siemens' latest equipment manufacturing plant in India is capable of
to produce more than 180 variants at the rate of a product by nine seconds which
would equate to about an annual output of five million low voltage
switches. The new facility, which is the company's first fully digitized company
equipment production center in India, merges the real and virtual worlds
design tools and equipment with very high accuracy, basic data
management, and process simulation at par with global standards.
At a time when
each country is aware of the formulation of centered development policies
decarbonisation, the integration of renewable energy sources into the
conventional energy production systems seem an inevitable prospect. the
incorporation of advanced technologies in switchgear production facilities
decision-makers defines the creation of a true digital manufacturing plant that
would lead the energy sector on the path of much needed transformation.
In addition, as more and more regional governments engage in
electrification and network modernization programs, the low-voltage grid
switching industry would record substantial growth in the next
years.
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