Israel Low Voltage Components Market Growth, Size, Trends, Revenue, Demand and Future Outlook
Israel Low Voltage Components Market Size- By Industry, By Application, By Vertical, By LV and MV Panels, By Wall Socket and Switches- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: MACH2363 | Pages: 1 - 103 | Formats*: |
| Category : Equipment and Machinery | |||
Israel Low Voltage Components Market Introduction and Overview
According to SPER Market Research, the Israel Low Voltage Components Market is projected to grow with a CAGR of 5.6%.
The report includes an in-depth analysis of the Israel Low Voltage Components Market, including market size and trends, product mix, applications, and supplier analysis. Electronic and electrical equipment intended to function at voltages lower than those of conventional power distribution networks is referred to as low voltage components. Electrical equipment that requires 50 volts (V) or less of electricity is what makes up low voltage systems. The three most common low voltages are 12 V, 24 V, and 48 V. Low voltage systems seen in residential settings include thermostats, doorbells, garage door openers, home security sensors, and landscape lighting.
Market Opportunities and Challenges
In the upcoming years, there is expected to be a major expansion of the Israel Low Voltage Components Market. The increasing demand for electricity and the booming infrastructure sector—which is predicted to draw billion-dollar investments in the planning, creation, construction, and upkeep of numerous physical facilities and systems that facilitate and support social and commercial activity—are expected to drive this growth. It consists of a variety of vital networks and structures that are necessary for a nation's growth and development. It would begin in 2023 and continue for years.
The lack of infrastructure in comparison to other nations like Sweden, Austria, and comparable ones is one of the main factors fuelling the growth of this sector. The Israeli government is currently working in a number of infrastructure projects to close this gap. Because of this, it is anticipated that the low-voltage components market will continue to be a significant source of income for the nation, offering enterprises in this industry a number of exciting business opportunities. The Israeli Low Voltage Components Market is set for substantial growth due to the government's significant investment in infrastructure projects, including roads, bridges, ports, tunnels, railways, and housing. The collaborative effort between ministries aims to build 280,000 housing units, further driving demand. This presents lucrative opportunities for stakeholders in the electrical components industry.
This promising trajectory is not without difficulties, though. One significant obstacle is the requirement for effective coordination amongst the housing, construction, interior, and finance ministries that are participating in the joint endeavour. The effective implementation of housing and infrastructure projects depends on these institutions maintaining smooth communication and goal alignment. Additionally, suppliers and manufacturers face operational and logistical difficulties in supplying the increased demand for low voltage components, which calls for efficient supply chain management and production procedures. The high cost of installation and the existence of a tiny unorganised sector raise questions about the low voltage switchgear's quality. Other obstacles that impede the low voltage switchgear market include a shortage of experienced labour, losses in the panel, motor protection, and delays in project implementation.
Market Competitive Landscape
The major players in the Israel Low Voltage Components market include: ABB Israel, Allen Bradley, Eaton Corporation, E-T-A, L&T Technology Services, Schneider Electric, Siemens Ltd, Weidmuller, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Industry, By Application, By Vertical, By LV and MV Panels, By Wall Socket and Switches |
| Regions covered | Eastern region, Northern region, Southern region, Western region |
| Companies Covered | ABB Israel, Allen Bradley, Eaton Corporation, E-T-A, L&T Technology Services, Schneider Electric, Siemens Ltd, Weidmuller, Others |
COVID-19 Impact on Israel Low Voltage Components Market
The pandemic's effects on the economy generated a disruption in the supply chain, which had a variety of effects on the market for specialised equipment. The low voltage switchgear market has drastically declined as a result of the cessation of low voltage component production. The production facility closed during the lockdown because employees were afraid of contracting the illness and would not come to work, which resulted in a scarcity of supplies. Many industries, including heavy industry, manufacturing, petrochemicals, mining and metals, pulp and paper, utilities, water treatment, and data centres, are back on track and have a demand for the product, thus the post-COVID scenario is promising for the market.
Key Target Audience:
- Automotive Industry
- Construction and Building Automation
- Electrical Engineers and Designers
- Energy and Renewable Energy Sector
- IT and Data Centers
- Manufacturers of Electronic Devices
- Telecommunication Companies
- Others
Our in-depth analysis of the Israel Low Voltage Components Market includes the following segments:
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| By Application: |
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| By Vertical: |
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| By LV and MV Panels: |
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| By Wall Socket and Switches: |
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Key Topics Covered in the Report:
- Israel Low Voltage Components Market Size (FY’2023-FY’2033)
- Overview of Israel Low Voltage Components Market
- Segmentation of Israel Low Voltage Components Market By Industry (Industrial, Infrastructure, Residential & Commercial Buildings)
- Segmentation of Israel Low Voltage Components Market By Application (ACB, Cabinet/ Panels, MCB, MCCB, RCCB/ RCBO, Starters, Thermal Relays)
- Segmentation of Israel Low Voltage Components Market By Vertical (Construction, Power Grid Construction & Reconstruction)
- Segmentation of Israel Low Voltage Components Market By LV and MV Panels (LV Panel, MV Panel)
- Segmentation of Israel Low Voltage Components Market By Wall Socket and Switches (Switches, Wall Socket)
- Statistical Snap of Israel Low Voltage Components Market
- Expansion Analysis of Israel Low Voltage Components Market
- Problems and Obstacles in Israel Low Voltage Components Market
- Competitive Landscape in the Israel Low Voltage Components Market
- Impact of COVID-19 and Demonetization on Israel Low Voltage Components Market
- Details on Current Investment in Israel Low Voltage Components Market
- Competitive Analysis of Israel Low Voltage Components Market
- Prominent Players in the Israel Low Voltage Components Market
- SWOT Analysis of Israel Low Voltage Components Market
- Israel Low Voltage Components Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Israel Low Voltage Components Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Israel Low Voltage Components Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Israel Low Voltage Components Market
7. Israel Low Voltage Components Market, By Industry (USD Million)
7.1. Israel Low Voltage Components Market Value Share and Forecast, By Industry, 2023-20337.2. Industrial7.3. Infrastructure7.4. Residential & Commercial Buildings
8. Israel Low Voltage Components Market, By Application (USD Million)
8.1. Israel Low Voltage Components Market Value Share and Forecast, By Application, 2023-20338.2. ACB8.3. Cabinet/ Panels8.4. MCB8.5. MCCB8.6. RCCB/ RCBO8.7. Starters8.8. Thermal Relays
9. Israel Low Voltage Components Market, By Vertical (USD Million)
9.1. Israel Low Voltage Components Market Value Share and Forecast, By Vertical, 2023-20339.2. Construction9.2.1. Apartments9.2.2. High End Office9.2.3. Private Residencies9.2.4. Others9.3. Power Grid Construction & Reconstruction
10. Israel Low Voltage Components Market, By LV and MV Panels (USD Million)
10.1. Israel Low Voltage Components Market Value Share and Forecast, By LV and MV Panels, 2023-203310.2. LV Panel10.3. MV Panel
11. Israel Low Voltage Components Market, By Wall Socket and Switches (USD Million)
11.1. Israel Low Voltage Components Market Value Share and Forecast, By Wall Socket and Switches, 2023-203311.2. Switches11.3. Wall Socket
12. Israel Low Voltage Components Market Forecast, 2019-2033 (USD Million)
12.1. Israel Low Voltage Components Market Size and Market Share
13. Israel Low Voltage Components Market, By Industry, 2019-2033 (USD Million)
13.1. Israel Low Voltage Components Market Size and Market Share By Industry (2019-2026)13.2. Israel Low Voltage Components Market Size and Market Share By Industry (2027-2033)
14. Israel Low Voltage Components Market, By Application, 2019-2033 (USD Million)
14.1. Israel Low Voltage Components Market Size and Market Share By Application (2019-2026)14.2. Israel Low Voltage Components Market Size and Market Share By Application (2027-2033)
15. Israel Low Voltage Components Market, By Vertical, 2019-2033 (USD Million)
15.1. Israel Low Voltage Components Market Size and Market Share By Vertical (2019-2026)15.2. Israel Low Voltage Components Market Size and Market Share By Vertical (2027-2033)
16. Israel Low Voltage Components Market, By LV and MV Panels, 2019-2033 (USD Million)
16.1. Israel Low Voltage Components Market Size and Market Share By LV and MV Panels (2019-2026)16.2. Israel Low Voltage Components Market Size and Market Share By LV and MV Panels (2027-2033)
17. Israel Low Voltage Components Market, By Wall Socket and Switches, 2019-2033 (USD Million)
17.1. Israel Low Voltage Components Market Size and Market Share By Wall Socket and Switches (2019-2026)17.2. Israel Low Voltage Components Market Size and Market Share By Wall Socket and Switches (2027-2033)
18. Israel Low Voltage Components Market, By Region, 2019-2033 (USD Million)
18.1. Israel Low Voltage Components Market Size and Market Share By Region (2019-2026)18.2. Israel Low Voltage Components Market Size and Market Share By Region (2027-2033)18.3. Eastern region18.4. Northern region18.5. Southern region18.6. Western region
19. Company Profile
19.1. ABB Israel19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Allen Bradley
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Eaton Corporation19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. E-T-A19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. L&T Technology Services19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Schneider Electric19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Siemens Ltd19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Weidmuller19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Israel Low Voltage Components Market is projected to reach USD XX billion by 2033, growing at a CAGR of 5.6% during the forecast period.
Israel Low Voltage Components Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of 5.6% during the forecast period.
Israel Low Voltage Components Market CAGR of 5.6% during the forecast period.
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Israel Low Voltage Components Market size is USD XX billion from 2023 to 2033.
Israel Low Voltage Components Market Segment is Covered By Industry, By Application, By Vertical, By LV and MV Panels, By Wall Socket and Switches
The Middle East region is anticipated to have the highest market share in Israel Low Voltage Components Market.
The key players in the market include Companies Covered ABB Israel, Allen Bradley, Eaton Corporation, E-T-A, L&T Technology Services, Schneider Electric, Siemens Ltd, Weidmuller, Others
Electronic and electrical equipment intended to function at voltages lower than those of conventional power distribution networks is referred to as low voltage components.
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