$56 Billion Low Voltage Switchgear Markets – Global Outlook Report 2017-2026

The “Low Voltage Switchgear – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering. The Global Low Voltage Switchgear market accounted for $27.73 billion in 2017 and is expected to reach $56.36 billion by 2026 growing at a CAGR of 8.2% during the forecast period. Some of the key factors such as favorable government rules towards the integration of sustainable energy resources across residential and commercial segments and rising expansion of micro-grid networks which provide the increasing off-grid energy demand are driving the market growth. However, the uncertain economic climate significantly affects the commercial and industrial segments and low-cost Chinese and South Korean products that challenge the overall business revenue act as the restraining factor for the market growth. LV Switchgear consists of low voltage circuit breakers, switches, off load electrical isolators, HRC fuses, earth leakage circuit breaker, miniature circuit breakers (MCB) and molded case circuit breakers (MCCB) etc i.e. all the accessories required to protect the LV system. The most common use of LV switchgear is in LV distribution bo...

A home is a safe haven for its residents. No matter what’s going on at school

A home is a safe haven for its residents. No matter what’s going on at school or the office, many people know they can relax in comfort and safety when they arrive home at the end of a day. Safety at home is something that can be taken for granted, however, until it’s too late. The National Fire Protection Association notes that each year more than 47,000 home fires in the United States are caused by electrical failure or malfunction. “One of the most important things is to hire a contractor who is licensed and insured so that you know they know what they’re doing and, if they make a mistake, that work is covered by an insurance company,“ said Norland Ventura, owner of Nev Electric in Castaic. “One of the most common causes of electrical fires is faulty wiring installed by someone who isn’t a licensed professional. Homeowners will try to cut costs by having a friend or a handyman work on their wiring, but it can end up costing more when they don’t do it correctly.” Ventura said non-professionals often install wires that cannot withstand the amperage. Wires are rated for a certain amount of amperes, and installing a wire not properly gauged to handle the appropriate amount of el...