The North America Fixed Switch Cabinet Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
A report from United Nations estimates that the 8 billion people who inhabit the planet in 2022 will grow to approximately 9.8 billion people by 2050. Countries' populations will need more energy as they grow. Energy demand rises in tandem with rising wealth. The number of products that require energy is growing due to technological advancements. People's desires for consumer items increase when wealth is created.
Energy is used both during the production and use of consumer products. Most of the primary energy consumption is coal, oil, and gas combined. Due to increased industrial activity and technological advancements in both developed and developing countries, the energy demand is rising. Most of the energy needs are satisfied by fossil fuel sources like coal. Yet, in recent years, renewable energy sources have become a larger portion of the total energy used.
As the demand for electricity rises, the need for fixed switch cabinets will also increase. Following the upward trend over the previous ten years, the total amount of renewable energy produced increased in 2020. In 2020, the OECD's renewable energy production totaled 3,269 TWh or 31.6% of all production. For the second year in a row, the generation of electricity from renewable sources in OECD Europe exceeded that from fossil fuels, demonstrating the sector's rapid expansion there as well as coal's declining role in the region's electricity mix.
Work is being done on brand-new projects. Several projects' deployed solar photovoltaic (PV) energy capacity surpasses 3,700 MW. Government subsidies have been given to efforts using geothermal, biomass, biogas, and tidal energy; some of these programs are currently in operation. By 2040, the country's capability for renewable energy is expected to increase for solar and double for wind, as stated by the Canada Energy Regulator (CER). Canada created the Canadian SMR Roadmap for zero-emission power in 2018 as a policy shift away from large nuclear reactors. The North American fixed switch cabinet market will expand significantly as a result of substantial investments made to enhance distribution, transmission, as well as the overall efficiency of power generation to reduce losses.
The US market dominated the North America Fixed Switch Cabinet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $514.9 Million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% during (2022 - 2028).
Based on Type, the market is segmented into high voltage switch cabinet and low voltage switch cabinet. Based on Application, the market is segmented into infrastructure & utilities, Energy, Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Fixed Switch Cabinet Market is Projected to reach USD 2.5 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd., Belden, Inc., Clipsal (Schneider Electric SE), Minimax Fire Solutions International GmbH (Minimax Viking GmbH), Coslight Group Harbin Switch Co., Ltd, StarTech.com Ltd., TEWE Elektronic GmbH & Co. KG, Cannon Technologies Ltd., NUM AG and HUIMU Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- High Voltage Switch Cabinet
- Low Voltage Switch Cabinet
By Application
- Infrastructure & Utilities
- Energy
- Industrial
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Ltd.
- Belden, Inc.
- Clipsal (Schneider Electric SE)
- Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
- Coslight Group Harbin Switch Co., Ltd
- StarTech.com Ltd.
- TEWE Elektronic GmbH & Co. KG
- Cannon Technologies Ltd.
- NUM AG
- HUIMU Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Fixed Switch Cabinet Market, by Type
1.4.2 North America Fixed Switch Cabinet Market, by Application
1.4.3 North America Fixed Switch Cabinet Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Fixed Switch Cabinet Market by Type
3.1 North America Ніgh Vоltаgе Ѕwіtсh Саbіnеt Market by Country
3.2 North America Low Vоltаgе Ѕwіtсh Саbіnеt Market by Country
Chapter 4. North America Fixed Switch Cabinet Market by Application
4.1 North America Іnfrаѕtruсturе & Utіlіtіеѕ Market by Country
4.2 North America Energy Market by Country
4.3 North America Industrial Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Fixed Switch Cabinet Market by Country
5.1 US Fixed Switch Cabinet Market
5.1.1 US Fixed Switch Cabinet Market by Type
5.1.2 US Fixed Switch Cabinet Market by Application
5.2 Canada Fixed Switch Cabinet Market
5.2.1 Canada Fixed Switch Cabinet Market by Type
5.2.2 Canada Fixed Switch Cabinet Market by Application
5.3 Mexico Fixed Switch Cabinet Market
5.3.1 Mexico Fixed Switch Cabinet Market by Type
5.3.2 Mexico Fixed Switch Cabinet Market by Application
5.4 Rest of North America Fixed Switch Cabinet Market
5.4.1 Rest of North America Fixed Switch Cabinet Market by Type
5.4.2 Rest of North America Fixed Switch Cabinet Market by Application
Chapter 6. Company Profiles
6.1 ABB Ltd.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Belden, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.3 Clipsal (Schneider Electric SE)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Acquisition and Mergers:
6.5 Coslight Group Harbin Switch Co., Ltd
6.5.1 Company Overview
6.6 StarTech.com Ltd.
6.6.1 Company Overview
6.7 TEWE Elektronic GmbH & Co. KG
6.7.1 Company Overview
6.8 Cannon Technologies Ltd.
6.8.1 Company Overview
6.9 NUM AG
6.9.1 Company Overview
6.10. HUIMU Ltd.
6.10.1 Company Overview
TABLE 1 North America Fixed Switch Cabinet Market, 2018 - 2021, USD Million
TABLE 2 North America Fixed Switch Cabinet Market, 2022 - 2028, USD Million
TABLE 3 North America Fixed Switch Cabinet Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Fixed Switch Cabinet Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Ніgh Vоltаgе Ѕwіtсh Саbіnеt Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Ніgh Vоltаgе Ѕwіtсh Саbіnеt Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Low Vоltаgе Ѕwіtсh Саbіnеt Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Low Vоltаgе Ѕwіtсh Саbіnеt Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Fixed Switch Cabinet Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Fixed Switch Cabinet Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Іnfrаѕtruсturе & Utіlіtіеѕ Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Іnfrаѕtruсturе & Utіlіtіеѕ Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Energy Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Energy Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Fixed Switch Cabinet Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Fixed Switch Cabinet Market by Country, 2022 - 2028, USD Million
TABLE 21 US Fixed Switch Cabinet Market, 2018 - 2021, USD Million
TABLE 22 US Fixed Switch Cabinet Market, 2022 - 2028, USD Million
TABLE 23 US Fixed Switch Cabinet Market by Type, 2018 - 2021, USD Million
TABLE 24 US Fixed Switch Cabinet Market by Type, 2022 - 2028, USD Million
TABLE 25 US Fixed Switch Cabinet Market by Application, 2018 - 2021, USD Million
TABLE 26 US Fixed Switch Cabinet Market by Application, 2022 - 2028, USD Million
TABLE 27 Canada Fixed Switch Cabinet Market, 2018 - 2021, USD Million
TABLE 28 Canada Fixed Switch Cabinet Market, 2022 - 2028, USD Million
TABLE 29 Canada Fixed Switch Cabinet Market by Type, 2018 - 2021, USD Million
TABLE 30 Canada Fixed Switch Cabinet Market by Type, 2022 - 2028, USD Million
TABLE 31 Canada Fixed Switch Cabinet Market by Application, 2018 - 2021, USD Million
TABLE 32 Canada Fixed Switch Cabinet Market by Application, 2022 - 2028, USD Million
TABLE 33 Mexico Fixed Switch Cabinet Market, 2018 - 2021, USD Million
TABLE 34 Mexico Fixed Switch Cabinet Market, 2022 - 2028, USD Million
TABLE 35 Mexico Fixed Switch Cabinet Market by Type, 2018 - 2021, USD Million
TABLE 36 Mexico Fixed Switch Cabinet Market by Type, 2022 - 2028, USD Million
TABLE 37 Mexico Fixed Switch Cabinet Market by Application, 2018 - 2021, USD Million
TABLE 38 Mexico Fixed Switch Cabinet Market by Application, 2022 - 2028, USD Million
TABLE 39 Rest of North America Fixed Switch Cabinet Market, 2018 - 2021, USD Million
TABLE 40 Rest of North America Fixed Switch Cabinet Market, 2022 - 2028, USD Million
TABLE 41 Rest of North America Fixed Switch Cabinet Market by Type, 2018 - 2021, USD Million
TABLE 42 Rest of North America Fixed Switch Cabinet Market by Type, 2022 - 2028, USD Million
TABLE 43 Rest of North America Fixed Switch Cabinet Market by Application, 2018 - 2021, USD Million
TABLE 44 Rest of North America Fixed Switch Cabinet Market by Application, 2022 - 2028, USD Million
TABLE 45 Key Information – ABB Ltd
TABLE 46 key information – Belden, Inc.
TABLE 47 Key Information – Clipsal
TABLE 48 Key Information – Minimax Fire Solutions International GmbH
TABLE 49 Key Information – Coslight Group Harbin Switch Co., Ltd
TABLE 50 Key Information – StarTech.com Ltd.
TABLE 51 Key Information – TEWE Elektronic GmbH & Co. KG
TABLE 52 Key Information – Cannon Technologies Ltd
TABLE 53 Key Information – NUM AG
TABLE 54 Key Information – HUIMU Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Ltd