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

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.
Israel Low Voltage Components Market
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.

Israel Low Voltage Components Market


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 coveredBy Industry, By Application, By Vertical, By LV and MV Panels, By Wall Socket and Switches
 Regions coveredEastern region, Northern region, Southern region, Western region
 Companies CoveredABB 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:
By Industry:
  • Industrial
  • Infrastructure
  • Residential & Commercial Buildings
  • By Application:
  • ACB
  • Cabinet/ Panels
  • MCB
  • MCCB
  • RCCB/ RCBO
  • Starters
  • Thermal Relays
  • By Vertical:
  • Construction
  • Power Grid Construction & Reconstruction
  • By LV and MV Panels:
  • LV Panel
  • MV Panel
  • By Wall Socket and Switches:
  • Switches
  • Wall Socket
  • 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 report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Israel Low Voltage Components Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Israel Low Voltage Components Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2023-2033
    7.2. Industrial
    7.3. Infrastructure
    7.4. 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, 2023-2033
    8.2. ACB
    8.3. Cabinet/ Panels
    8.4. MCB
    8.5. MCCB
    8.6. RCCB/ RCBO
    8.7. Starters
    8.8. 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, 2023-2033
    9.2. Construction
    9.2.1. Apartments 
    9.2.2. High End Office 
    9.2.3. Private Residencies 
    9.2.4. Others
    9.3. 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, 2023-2033
    10.2. LV Panel
    10.3. 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, 2023-2033
    11.2. Switches
    11.3. 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 region
    18.4. Northern region
    18.5. Southern region
    18.6. Western region

    19. Company Profile
    19.1. ABB Israel
    19.1.1. Company details
    19.1.2. Financial outlook
    19.1.3. Product summary 
    19.1.4. Recent developments
    19.2. Allen Bradley
    19.2.1. Company details
    19.2.2. Financial outlook
    19.2.3. Product summary 
    19.2.4. Recent developments
    19.3. Eaton Corporation
    19.3.1. Company details
    19.3.2. Financial outlook
    19.3.3. Product summary 
    19.3.4. Recent developments
    19.4. E-T-A
    19.4.1. Company details
    19.4.2. Financial outlook
    19.4.3. Product summary 
    19.4.4. Recent developments
    19.5. L&T Technology Services
    19.5.1. Company details
    19.5.2. Financial outlook
    19.5.3. Product summary 
    19.5.4. Recent developments
    19.6. Schneider Electric
    19.6.1. Company details
    19.6.2. Financial outlook
    19.6.3. Product summary 
    19.6.4. Recent developments
    19.7. Siemens Ltd
    19.7.1. Company details
    19.7.2. Financial outlook
    19.7.3. Product summary 
    19.7.4. Recent developments
    19.8. Weidmuller
    19.8.1. Company details
    19.8.2. Financial outlook
    19.8.3. Product summary 
    19.8.4. Recent developments
    19.9. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    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.
    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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