Rising Demand for Electrical Transmission Cables Bolster Uptake of Electrical Couplers
Electric couplers are employed in electrical transmission and distribution (T&D) system to ensure safety. They are usually placed in overhead wires to detect and protect cabled from overcurrent, short circuit, and earth fault. Increasing inclination of adopting safety structures in T&D system is underpinning the evolution of the electrical couplers market. They have been extensively utilized in electrical installation in machines and industrial equipment.
The market has been growing on the back of growing demands of electricity around the world. The demands is more prominent in the construction industry in several economies. Sheer pace of use of electrical systems in various industries has also catalyzed the demand. Moreover, developing countries are seeing vast rise in demand for electricity for commercial, residential, and industrial use. All these trends have spurred the uptake of electrical coupler technology, thus propelling the rapid expansion of the market. Growing focus on industrial and commercial businesses on ensuring the safety of circuits has been driving the demands.
Focus on Modernization of Electrical Utilities Fillips Demand
On the regional front, Asia Pacific has been presenting sizable lucrative opportunities to manufacturers and vendors. Rapid strides by industrial activities have bolstered the need for new electricity grids, and regulations require them to be equipped with circuit safety features. Hence, various parts of the region are seeing substantial uptake. Investments made by the governments and private players on modernization of electrical utilities have expanded the potential of the market.
Meanwhile, North America is a substantially lucrative market. A large part of the revenues are contributed by the U.S. The U.S. combine with China has been serving a majority of demands across the globe. Rapid technological advancements being made in electrical T&D systems is engendering the high revenue potential of the regional market. Other promising regional markets are the Middle East and Africa and Europe.
Electrical Coupler Market – Drivers, Trends and Regional Summary
The global electrical coupler market is set to see a steady growth over the coming years, generating ample growth opportunities for market players to dabble with. It will also pull up the market worth by a considerable amount.
Some of the drivers that are propelling growth in the market include rising demand for electrical couplers and development of safety features and guidelines. It is important to note here that these can be placed in overhead areas as wee as in cables and protect from overcurrent, earth fault, short circuit and over voltage issues.
Increased use of electricity will lay a solid base. To understand the demand for electricity in the future. It is important to look at the rise in construction volumes – 85% by 2030. As these residential, commercial and recreation spaces increase, so would demand for power and thus would increase demand for electrical coupler.
Region-wise, Asia Pacific is all set to dominate the market landscape due to rapid industrialization, and establishment and development new grids to cater to increasing demand for power. Re-installation and new installation of transmission lines are also factors of growth for the global electrical coupler market.
Besides, there are factors like higher usage of electrical utilities and expansion of industrial sector that is leading to high growth in the region.
This dominance will be followed by North America, which is already holds a large market share. In fact, China and the United States hold half the total market share. Also, some countries in Europe are moving ahead in favor of grids that can be operated from remote locations. If this happens, demand for electrical couplers will see a boost in the region.
The global electrical couple market is slightly fragmented and key players include Eaton Corporation PLC, Power Deliver Products Inc., Sibass Electric Private Limited, Flucon Components, TJB Inc., Jetronics, Terminal Technologies and Bridge Port Fittings among others.
Global Electrical Coupler Market: Overview
Electrical Couplers are power devices that allow electric equipment to be connected to alternating current power sources. Electric couplers provide trainline connections for various electrical circuits such as propulsion, braking, door operation, communications, lighting, and electronic networks. Electric couplers are designed for automatic shutters to cover contacts when uncoupled. Couplers are utilized for establishing secure electric connections in machines and equipment that work on different frequencies and voltages. They have high impact strength and offer superior resistance to the flow of electric current. They differ in voltage and current rating, shape, size, and type of connectors.
Electrical couplers adhere to standards because protection of circuits against an electrical conduit requires the right fittings to make power distribution systems work properly. Rise in construction and development activities fuel demand for electric connectors.
Global Electrical Coupler Market: Drivers
Moreover, rise in installation of electrical coupler in residential sector is expected to boost the market in the coming years. Safety features and guidelines to use electrical coupler incorporated into industries and corporations act as key drivers of the market. However, decrease in industrial growth rate may hamper the electrical couplers market.
Electrical couplers can be placed in cables or overhead areas. The connectors safeguard from faults such as overcurrent, overload, overvoltage, earth fault, short circuit fault, and any other instability that would initiate the operating of other safety equipment. Electric couplers are used in single-/three-phase networks, network diversions, and in industrial and commercial application areas.
Based on type, the electrical coupler market can be segmented into bottom mounted, top mounted, side mounted, advance, and fixed mechanical coupler head. In terms of voltage, the electric coupler market can be divided into low, medium, and high voltage.
Based on application, the electric coupler market can be classified into residential, industrial, automotive, and utility. The industrial and automotive segments are expected to remain dominant over the forecast period.
In terms of region, the global electrical coupler market can be categorized into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific is expected to dominate the global electrical coupler market during the forecast period. Increasing development and establishment of new smart grids, growing industrialization, and rising installation and rearrangement of transmission lines are some of the factors driving demand for electrical coupler market in the region. Additionally, rising usage of electric utilities, increasing electricity generation, expansion in the industrial sector, and high investments made by certain players to protect industrial machinery promote the expansion of the market.
Asia Pacific, followed by North America, holds a major share of the global electrical coupler market, in terms of value. China and the U.S. together hold around 50% of the global electrical coupler market share. The electrical coupler market in Middle East & Africa, followed by that in Western Europe, is expected to expand at a rapid pace during the forecast period.
A few countries in Western and Eastern Europe are inclining toward the implementation of remotely operated grid systems, which is projected to augment the demand for electrical coupler market in these countries in the near future. Thus, these regions are expected to gain significant market share in the next few years. Additionally, electrical coupler market in Asia Pacific and Middle East & Africa is projected to increase considerably in the near future.
Global Electrical Coupler Market: Key Players
Key players operating in the global electrical coupler market are Eaton Corporation Plc, Power Deliver Products Inc., Sibass Electric Private Limited, Flucon Components, TJB Inc., Jetronics, Terminal Technologies, and Bridge Port Fittings.
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