Switch board manufacturers are providing smart home
products and home automation devices such as smart switches and switchboards.
These smart switchboards are pre-configured and pre-programmed with the ability
to integrally support remote monitoring, configuration and control of embedded
intelligent devices. These devices can be connected to computers and smart
devices to monitor the electricity usage and helps in optimum utilization of
energy and reduce maintenance costs.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL SWITCHBOARD MARKET
AT $121 BILLION IN 2017
Asia Pacific was the largest
geographic region in the market, accounting for a little more than half of the
global market share.
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According to The Business
Research Company’s Consultant, Nitin Gianchandani, Ethernet connected
switchboards are widely being used in household and commercial buildings to
save energy and reduce maintenance costs. Switchboards can be connected to a
computer through an Ethernet cable. Electricity use, system status and other
data is transmitted to the computer through the Ethernet cable. Data obtained
on the computer is analyzed by energy experts and suggestions to minimize
energy consumption. For example, Enerlin’x system manufactured by Schneider is
a smart panel that transmits energy consumption data to computer through
Ethernet and Modbus interfaces.
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ABB Group was the largest
competitor in the switchgear and switchboard apparatus manufacturing market
in 2017, with revenues of $34 billion for the financial year 2017. The
company’s growth strategy is to focus more on its higher growth segment which
is the power systems division. The company is improving its customer focus by
increasing its agility and speed. It is formulating 1000-days programs for
successful implementation. All this is being done as a measure to reach the
target revenue growth of 4 to 7% by 2020.
Switchboard consists of one or
more panels with various switches and indicators used to direct electricity and
operate circuits. Bus bars inside switchboards are flat strips of copper or
aluminum used to carry large currents through the switchboards.
Switchboard Global Market Report
2018 is
a detailed report giving a unique insight into this market. The report is
priced at $4000 for an individual user. To use across your office, the price is
$6000 and $8000 if you wish to use across a multinational company.
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