Please Wait.....
Report
South America Low Voltage Switchgear - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 92 Pages I Mordor Intelligence
The South America Low Voltage Switchgear Market size is estimated at USD 1.5 billion in 2024, and is expected to reach USD 2.29 billion by 2029, growing at a CAGR of 8.19% during the forecast period (2024-2029).
Key Highlights
-Over the long term, the South America Low Voltage Switchgear Market is expected to grow considerably due to the government plans for the energy transition in the region, including power distribution networks and growing microgrid trends in the region.
-On the other hand, the increasing adoption of self-generated renewable power in the residential and commercial sectors can dampen the demand for power distribution networks and, consequently, the low-voltage switchgear market.
-Nevertheless, developing smart grids in the region creates a golden opportunity for the growth of the low-voltage switchgear market in the South American region.
South America Low Voltage Switchgear Market Trends
Distribution Segments to dominate the market
- The South American region has abruptly become the focus of many regional and foreign electricity generation and transmission companies due to the recently popped-up plans to generate and transmit electricity in many new places. In countries like Peru and Brazil, governments are eager to have an energy transition based on renewables and the installation of power distribution networks.
- The South American region is expected to be a significant market for low-voltage switchgear systems in the coming years. This is due to the increasing penetration of renewable energy sources, rising power consumption, growing access to electricity, and expanding & enhancing the power grid infrastructure. Countries like Brazil, Argentina, and Chile are expected to be the key contributing nations in the region.
- Furthermore, Argentina has set a goal to generate 20% of its electricity from renewable sources by 2025, a significant increase from the current share of approximately 11.27% as of 2021. In 2022, Argentina's electricity generation reached 150.83 TWh.
- Similarly, Chile's government presented a coal-phase-out plan in 2019 that aims to completely turn off its 5.5 GW of coal-fired generation capacity by 2040, with 1.04 GW set to retire by 2025, which is expected to be replaced through renewable additions, storage technology, and low-emission natural gas plants. They aim to achieve a 60% share of renewable energy by 2035 and increase it to 70% by 2050.
- In May 2022, electricity distribution companies from five countries - Brazil, Chile, Peru, Colombia, and Argentina collaborated to deliver energy to more than 70 million businesses and homes to promote regional energy integration. They created a new association called ADELAT (Association of Latin American Electricity Distributors) to promote power distribution networks for the energy transition.
- In conclusion, the region has a significant potential for the low voltage switchgear market owing to increasing diversification of the electricity generation mix, investments in the transmission and distribution sector, and developments in the power sector.
Brazil Expected to Witness Significant Growth
Among all the South American countries, Brazil is anticipated to pick up the steam in the low-voltage switchgear market, basically due to the escalating power distribution investments in the region and the growing electricity consumption in the country.
The commercial sector witnessed the highest increase in electricity consumption. It was recorded that in 2022, the electricity consumption in the commercial sector was 61.2TWh, from 56.7TWh in the year 2021, the highest increase among all the sectors. The power distribution sector was continually expanding and rejuvenating to meet customer demand. The country has even more plans to improve the power distribution sector.
In November 2022, one of the representatives of Abradee, a local association for the power sector in Brazil, disclosed that the power discoms in the country are expected to invest around USD 20 billion between 2023 and 2026, keeping in sight the resumption of economic growth and technological evolution in the country. It will be utilized to expand, improve, and renew power distribution grids in Brazil.
Moreover, in March 2023, the same association announced that the power distribution concessions would get renewals, as many of them are about to expire by 2031. The companies like EDP, Enel, Elektro, Celpe, CPFL Piratininga, and CPFL Paulista, Energisa, will resume the distribution activity again with new network establishments and brownfield developments.
Such developments are expected to bolster the country's low-voltage switchgear market.
South America Low Voltage Switchgear Industry Overview
The South America Low Voltage Switchgear Market is moderately consolidated. Some key players (in no particular order) include ABB Ltd., Siemens AG, Havells Group, Eaton Corporation Plc., and Schneider Electric, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Several Government Plans for the Energy Transition in the Region
4.5.2 Restraints
4.5.2.1 Increasing Adoption of Self-generated Renewable Power in the Residential and Commercial Sectors
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Substation
5.1.2 Distribution
5.1.3 Utility
5.2 Installation
5.2.1 Outdoor
5.2.2 Indoor
5.3 Voltage Rating
5.3.1 Less Than 250 V
5.3.2 250 V - 750 V
5.3.3 750 V - 1000 V
5.4 Geography
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Chile
5.4.4 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ABB Ltd.
6.3.2 Schneider Electric
6.3.3 Eaton Corporation Plc.
6.3.4 Havells Group
6.3.5 Siemens AG
6.3.6 WEG Electric
6.3.7 Noja Power
6.3.8 Toshiba Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Smart Grids in the Region
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security