Electrical Power System Market - Forecast(2019 - 2024)

Report Code: ESR 0643 Report Format: PDF + Excel Database
Electrical Power System Market Overview

Today’s electric grids are characterized by their size and complexity as well as new technologies and techniques for power transmission, distribution, protection, and measurement. These power systems can operate on high power, medium power, or low power systems. They incorporate conductors, actuators, reactors, SCADA systems, and many more. The efficient design and continuous modernization of plants is a vital to achieve sustainable success in all industries. The global Electrical Power System Market is estimated to grow at a CAGR of XX% during the forecast period 2018–2023.

The increasing demand for electricity from hotels, data centers, offices, and hospitals is anticipated to bring about distributed automation solutions in the commercial and residential industries. Apart from these sectors, the constant rapid development in automation and large investments in energy verticals, such as oil & gas, are also the prime driving factors behind the industry growth. North America has been holding the largest share of the market since 2015 and is projected to continue its dominance during the forecast period 2018–2024. The U.S. market is projected to experience steady growth over the forecast period due to the increased implementation of refurbishment projects and improvements in its existing power infrastructure.

Electrical Power System Market Outlook

The Electric Power System market is segmented into industrial, commercial, and residential, of which the industrial application segment held the maximum share in 2017. This is due to the growing need for installation of distribution automation systems in utilities across the globe to enhance grid efficiency. Apart from utilities, the industries such as marine, oil & gas, construction, and mining are projected to outgrow the distribution system market growth over the forecast period. 
The objective of this report is to provide participants with a basic understanding of power systems. The understanding will enable them to make the best decisions across the lifecycle of their plant and equipment. Nowadays, the companies are replacing the old transmission setups with automated distributed power setups, hence driving the demand for the electricity utilities. As per IndustryARC analysis, the countries such as China and India are projected to spur the demand for electricity. In addition, the growing population and increasing commercial and residential buildings are expected to spur the electricity demand. 

Electrical Power System Market Growth Drivers

The upcoming technologies are expected to help the power systems businesses in subsiding power outages and increasing the efficiency of the existing power distribution systems. The private distribution utilities & service providers, governments, and equipment manufacturers are trying to integrate their current technologies and develop modern ones at a broader range through R&D. The effective utilization of automation distribution systems will play a major role in the growth of the market.

Electrical Power System Market Challenges 

The power sector is facing several problems in all the three basic areas of its functioning, which include generation, transmission, and distribution. The most common problem in the power sector is the unavailability of the distribution segment.  There is a technical glitch during the transmission of power, along with the loss of power during the transmission. The financial condition of the distribution companies specific to the states also play an important role in both generation and distribution. Another challenge to look upon is that there are companies facing a major challenge in terms of not having a strong investment background, curtailing their capability to generate and distribute adequate power to the areas.  



Electrical Power System Market Research Scope

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Electrical Power System Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the subsystem types in the Electric Power System market and their specific applications in different end user verticals.

Electrical Power System Market Report: Industry Coverage

Phase Types of Electrical Power System: Single Phase, Three Phase  

Electrical Power System by Operating Voltage: Low Power, Medium Power, High Power

Electrical Power System by Voltage Rating: <130KV, 131 - 200KV, 201 - 745KV, 746kV & Above

Electrical Power System by Subsystem: Electric Power Generation, Electric Power Transmission, Electric Power Distribution

Electrical Power System by Components: Conductors, Electrical Buses, Static VAR Compensator, SCADA Systems, Capacitors, Reactors, Others

Electrical Power System by Application: Industrial Consumer, Commercial Consumer, Residential Consumer

Electrical Power System by End-User: Mining & Minerals, Agriculture, Construction, Power and Energy, Manufacturing, Others

The Electrical Power System Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • The Middle East and Africa: Israel, South Africa, Saudi Arabia

Electrical Power System Market Key Players Perspective

Presently the market is characterized by strong competition with the presence of a few major global players holding a significant market share. For example, GE announced its completion of the acquisition of Alstom’s power and grid businesses. This was GE's largest-ever acquisition till date. 

Some of the other key players mentioned in this report are ABB Ltd., Eaton Corporation, General Electric, Itron, Inc., Schneider Electric, SEL, and Siemens AG. 

Electrical Power System Market Trends
  • Major developments in small generators are being witnessed in recent years. These small generators offer almost the same benefits in terms of cost and efficiency as that of large generators. 
  • Recently a significant change in the traditional power model generation has been seen in the Gulf Cooperation Council (GCC) region. The integrated smart power system across the GCC region is becoming foreseeable as the industry is witnessing a massive change in the power generation and distribution. The smart grid enables to move certain power usage or have a differential pricing mechanism so that user know when and how much power to utilize. 
1. Electrical Power System Market – Market Overviews
    1.1. Definitions and Scope
2. Electrical Power System Market – Executive Summary 
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by Type of Application
    2.3. Key Trends Segmented by Geography
    2.4. Electrical Power System Market 
    2.5. Comparative analysis
        2.5.1. Product Benchmarking – Top 10 Companies
        2.5.2. Top 5 Financials Analysis
        2.5.3. Market Value Split by Top 10 Companies
        2.5.4. Patent Analysis – Top 10 Companies
        2.5.5. Pricing Analysis
3. Electrical Power System Market – Startup Companies Scenario
    3.1. Top 10 Startup Company Analysis by
        3.1.1. Investment
        3.1.2. Revenue
        3.1.3. Market Shares
        3.1.4. Market Size and Application Analysis
        3.1.5. Venture Capital and Funding Scenario
4. Electrical Power System Market – Industry Market Entry Scenario Premium
    4.1. Regulatory Framework Overview
    4.2. New Business and Ease of Doing Business Index
    4.3. Case Studies of Successful Ventures
    4.4. Customer Analysis – Top 10 Companies
5. Electrical Power System Market — Market Forces
    5.1. Drivers
    5.2. Constraints
    5.3. Challenges
    5.4. Porter’s Five Force Model
        5.4.1. Bargaining Power of Suppliers
        5.4.2. Bargaining Power of Customers
        5.4.3. Threat of New Entrants
        5.4.4. Rivalry Among Existing Players
        5.4.5. Threat of Substitutes
6. Electrical Power System Market – Strategic Analysis
    6.1. Value Chain Analysis
    6.2. Opportunities Analysis
    6.3. Product Life Cycle
    6.4. Suppliers and Distributors Market Share
7. Electrical Power System Market – By Phase Type (Market Size – $Million/$Billion)
    7.1. Market Size and Market Share Analysis
    7.2. Application Revenue and Trend Research
    7.3. Product Segment Analysis
        7.3.1. Introduction
        7.3.2. Single Phase 
        7.3.3. Three Phase
8. Electrical Power System Market – By Operating Voltage (Market Size – $Million/$Billion)
    8.1. Introduction
    8.2. Low Power
    8.3. Medium Power
    8.4. High Power
9. Electrical Power System Market – By Voltage Rating (Market Size – $Million/$Billion)
    9.1. Introduction
    9.2. <130KV
    9.3. 131 - 200KV
    9.4. 201 - 745KV
    9.5. 746kV & Above
10. Electrical Power System Market – By Subsystems (Market Size – $Million/$Billion)
    10.1. Introduction
    10.2. Electric Power Generation
    10.3. Electric Power Transmission 
    10.4. Electric Power Distribution
11. Electrical Power System Market – By Components (Market Size – $Million/$Billion)
    11.1. Introduction
    11.2. Conductors
    11.3. Electrical Buses
    11.4. Static VAR Compensator
    11.5. SCADA Systems
    11.6. Capacitors
    11.7. Reactors
    11.8. Others
12. Electrical Power System Market – By Application (Market Size – $Million/$Billion)
    12.1. Introduction
    12.2. Industrial Consumer
    12.3. Commercial Consumer
    12.4. Residential Consumer
13. Electrical Power System Market – By End Use (Market Size – $Million/$Billion)
    13.1. Segment Type Size and Market Share Analysis 
    13.2. End User Revenue and Trends by Type of End User
    13.3. End User Segment Analysis by Type
        13.3.1. Mining & Minerals
        13.3.2. Agriculture
        13.3.3. Construction
        13.3.4. Power and Energy
        13.3.5. Manufacturing
        13.3.6. Others
14. Electrical Power System Market – By Geography
    14.1. Electrical Power System Market – Americas Segment Research
    14.2. North America Market Research (Market Size — $Million/$Billion)
        14.2.1. Segment Type Size and Market Size Analysis 
        14.2.2. Revenue and Trends
        14.2.3. Application Revenue and Trends by Type of Application
        14.2.4. Company Revenue and Product Analysis
        14.2.5. North America Product Type and Application Market Size
                14.2.5.1. U.S.
                14.2.5.2. Canada
                14.2.5.3. Mexico
                14.2.5.4. Rest of North America
    14.3. Electrical Power System Market – Americas Segment Research
    14.4. South America Market Research (Market Size — $Million/$Billion)
        14.4.1. Segment Type Size and Market Size Analysis 
        14.4.2. Revenue and Trends
        14.4.3. Application Revenue and Trends by Type of Application
        14.4.4. Company Revenue and Product Analysis
        14.4.5. South America Product Type and Application Market Size
                14.4.5.1. Brazil
                14.4.5.2. Argentina
                14.4.5.3. Chile
                14.4.5.4. Rest of South America
    14.5. Electrical Power System Market – Europe Segment Research
    14.6. Europe Market Research (Market Size – $Million/$Billion)
        14.6.1. Segment Type Size and Market Size Analysis 
        14.6.2. Revenue and Trends
        14.6.3. Application Revenue and Trends by Type of Application
        14.6.4. Company Revenue and Product Analysis
        14.6.5. Europe Segment Product Type and Application Market Size
                14.6.5.1. Germany
                14.6.5.2. U.K.
                14.6.5.3. France
                14.6.5.4. Italy
                14.6.5.5. Spain
                14.6.5.6. Benelux
                14.6.5.7. Rest of Europe
    14.7. Electrical Power System Market – APAC Segment Research
    14.8. APAC Market Research (Market Size – $Million/$Billion)
        14.8.1. Segment Type Size and Market Size Analysis
        14.8.2. Revenue and Trends
        14.8.3. Application Revenue and Trends by Type of Application
        14.8.4. Company Revenue and Product Analysis    
        14.8.5. APAC Segment – Product Type and Application Market Size
                14.8.5.1. China
                14.8.5.2. Japan
                14.8.5.3. India
                14.8.5.4. South Korea
                14.8.5.5. Rest of Asia-Pacific
    14.9. Electrical Power System Market – RoW Segment Research
    14.10. RoW Market Research (Market Size – $Million/$Billion)
        14.10.1. Segment Type Size and Market Size Analysis 
        14.10.2. Revenue and Trends
        14.10.3. Application Revenue and Trends by Type of Application
        14.10.4. Company Revenue and Product Analysis
        14.10.5. RoW Segment – Product type and Application Market Size
                14.10.5.1. Middle East
                14.10.5.2. Africa
15. Electrical Power System Market — Market Entropy 
    15.1. New Product Launches
    15.2. M&As, Collaborations, JVs and Partnerships
16. Electrical Power System Market – Industry/Segment Competition Landscape
    16.1. Market Share Analysis
        16.1.1. Market Share by Country — Top Companies
        16.1.2. Market Share by Region — Top 10 Companies
        16.1.3. Market Share by Type of Application – Top 10 Companies
        16.1.4. Market Share by Type of Product/Product Category – Top 10 Companies
        16.1.5. Market Share at Global Level — Top 10 Companies
        16.1.6. Best Practices for Companies
17. Electrical Power System Market – Key Company List by Country Premium
18. Electrical Power System Market Company Analysis
    18.1. Market Share, Company Revenue, Products, M&As, Developments    
    18.2. ABB Ltd.
    18.3. Eaton Corporation
    18.4. General Electric
    18.5. Itron Inc.
    18.6. Schneider Electric
    18.7. SEL
    18.8. Siemens AG
    18.9. Company 8
    18.10. Company 9
    18.11. Company 10 and more
"*Financials of private companies will be provided on a best-efforts basis"
19. Electrical Power System Market – Appendix
    19.1. Abbreviations
    19.2. Sources
20. Electrical Power System Market – Methodology
    20.1. Research Methodology
        20.1.1. Company Expert Interviews
        20.1.2. Industry Databases
        20.1.3. Associations
        20.1.4. Company News
        20.1.5. Company Annual Reports
        20.1.6. Application Trends
        20.1.7. New Products and Product Database
        20.1.8. Company Transcripts
        20.1.9. R&D Trends
        20.1.10. Key Opinion Leaders Interviews
        20.1.11. Supply and Demand Trends