Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONAL SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 MARKET SIZE ESTIMATION 20
2.1.1 IDEAL DEMAND SIDE ANALYSIS 20
2.1.1.1 Assumptions 20
2.1.2 SUPPLY-SIDE ANALYSIS 21
2.1.2.1 Calculation 21
2.1.3 FORECAST 21
2.2 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE OPPORTUNITIES IN THE LOW VOLTAGE PROTECTION AND CONTROL MARKET 26
4.2 LOW VOLTAGE PROTECTION AND CONTROL MARKET, BY PRODUCT 26
4.3 LOW VOLTAGE PROTECTION AND CONTROL MARKET, BY END-USER 27
4.4 LOW VOLTAGE PROTECTION AND CONTROL MARKET IN APAC, BY END-USER AND COUNTRIES 27

5 MARKET OVERVIEW 28
5.1 INTRODUCTION 28
5.2 MARKET DYNAMICS 28
5.2.1 DRIVERS 29
5.2.1.1 Growing per capita consumption of energy 29
5.2.1.2 Increasing demand for renewable source of energy 30
5.2.1.3 Demand for safe and secure electrical distribution systems 32
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5.2.2 RESTRAINTS 33
5.2.2.1 High cost of monitoring devices 33
5.2.2.2 Gray market and presence of inferior quality products 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Growth of EV charging infrastructure 33
5.2.3.2 Growth of data centers 34
5.2.4 CHALLENGES 35
5.2.4.1 Uncertainty in the execution of large infrastructure projects 35
5.2.4.2 Price competition among major players 35

6 LOW VOLTAGE PROTECTION & CONTROL MARKET, BY PRODUCT 36
6.1 INTRODUCTION 37
6.2 MONITORING DEVICES 38
6.2.1 INCREASING ENERGY EFFICIENCY TARGETS AND GROWING SMART GRID AND METERING SYSTEMS ARE DRIVING THE MARKET FOR MONITORING DEVICES 38
6.3 PROTECTION EQUIPMENT 39
6.3.1 NEED FOR RELIABLE AND SAFE ELECTRICAL DISTRIBUTION SYSTEM IS DRIVING THE PROTECTION EQUIPMENT MARKET 39
6.4 SWITCHING EQUIPMENT 41
6.4.1 NEED FOR CONTINUOUS POWER SUPPLY FOR CRITICAL APPLICATION IS DRIVING THE SWITCHING EQUIPMENT MARKET 41

7 LOW VOLTAGE PROTECTION AND CONTROL MARKET, BY END-USER 43
7.1 INTRODUCTION 44
7.2 RESIDENTIAL 48
7.2.1 GROWING URBANIZATION AND INCREASING PER CAPITA CONSUMPTION OF ENERGY ARE EXPECTED TO DRIVE THE RESIDENTIAL SECTOR 48
7.3 COMMERCIAL 49
7.3.1 GROWING RENEWABLE ENERGY INSTALLATION AND ENERGY EFFICIENCY REQUIREMENTS ARE EXPECTED TO DRIVE THE COMMERCIAL SECTOR 49
7.4 INDUSTRIAL 49
7.4.1 GROWING ELECTRIC VEHICLE INFRASTRUCTURE AND DATA CENTER ESTABLISHMENTS ARE EXPECTED TO DRIVE THE INDUSTRIAL SECTOR 49

8 LOW VOLTAGE PROTECTION AND CONTROL MARKET, BY REGION 53
8.1 INTRODUCTION 54
8.2 NORTH AMERICA 56
8.2.1 US 60
8.2.1.1 Increasing transmission and distribution infrastructure spending and energy efficiency targets is expected to drive the market 60
8.2.2 CANADA 61
8.2.2.1 Increasing technological developments and industrial automation are expected to drive the market 61
?
8.2.3 MEXICO 62
8.2.3.1 Growing energy infrastructure investment is expected to drive the market 62
8.3 ASIA PACIFIC 63
8.3.1 CHINA 67
8.3.1.1 Growing manufacturing sector and rising urban middle class are expected to drive the market 67
8.3.2 INDIA 68
8.3.2.1 Rising electrification and growing renewable energy installations are driving the market 68
8.3.3 JAPAN 69
8.3.3.1 Expansion of manufacturing sector and renewable energy generation are expected to drive the market 69
8.3.4 AUSTRALIA 70
8.3.4.1 Growing energy efficiency targets and urbanization are driving the market 70
8.3.5 MALAYSIA 70
8.3.5.1 Growing construction sector and need for power quality monitoring are driving the market 70
8.3.6 VIETNAM 71
8.3.6.1 Increasing electrification and growing renewable installations are driving the market 71
8.3.7 REST OF ASIA PACIFIC 72
8.3.7.1 Energy efficiency and renewable power installations are driving the market 72
8.4 EUROPE 73
8.4.1 UK 76
8.4.1.1 Necessity to increase power system reliability and energy efficiency targets is driving the market 76
8.4.2 GERMANY 77
8.4.2.1 Growing construction and renewable power generation is driving the market 77
8.4.3 FRANCE 78
8.4.3.1 Industrial automation and T&D grid upgrade investment are driving the market 78
8.4.4 SPAIN 79
8.4.4.1 Rise of commercial and industrial sector is driving the market 79
8.4.5 ITALY 80
8.4.5.1 Energy efficiency targets and growing renewable energy installations are driving the market 80
8.4.6 REST OF EUROPE 81
8.4.6.1 Growing renewable energy integration and need for power monitoring are driving the market 81
?
8.5 MIDDLE EAST & AFRICA 82
8.5.1 SAUDI ARABIA 84
8.5.1.1 Growing renewable energy power generation and non-oil sector manufacturing growth are driving the market 84
8.5.2 QATAR 85
8.5.2.1 Rising construction sector investment is driving the market 85
8.5.3 SOUTH AFRICA 86
8.5.3.1 Growing manufacturing sector is driving the market 86
8.5.4 REST OF THE MIDDLE EAST & AFRICA 87
8.5.4.1 Growing oil & gas sector and renewable energy power generation are driving the market 87
8.6 SOUTH AMERICA 88
8.6.1 BRAZIL 90
8.6.1.1 Increasing distribution generation and growing residential sector are driving the market 90
8.6.2 ARGENTINA 91
8.6.2.1 Investment in infrastructure and energy efficiency projects is driving the market 91
8.6.3 REST OF SOUTH AMERICA 92
8.6.3.1 growing renewable power generation is driving the market 92

9 COMPETITIVE LANDSCAPE 93
9.1 OVERVIEW 93
9.2 MARKET SHARE ANALYSIS 94
9.3 COMPETITIVE SCENARIO 94
9.3.1 NEW PRODUCT LAUNCHES, 2016–2018 95
9.3.2 CONTRACTS & AGREEMENTS, 2016–2017 95
9.3.3 MERGERS & ACQUISITIONS, 2016–2018 96
9.3.4 INVESTMENTS & EXPANSION, 2015–2017 96
9.4 COMPETITIVE LEADERSHIP MAPPING 97
9.4.1 VISIONARY LEADERS 97
9.4.2 INNOVATORS 97
9.4.3 DYNAMIC 97
9.4.4 EMERGING 97

10 COMPANY PROFILE 99
10.1 COMPANY BENCHMARKING 99
(Business overview, Products offered, Recent Developments, MNM view)*
10.2 ABB 100
10.3 EATON CORPORATION 104
10.4 FUJI ELECTRIC CO. LTD 107
10.5 HITACHI 109
10.6 ROCKWELL AUTOMATION 111
10.7 SCHNEIDER ELECTRIC 114
10.8 SIEMENS 116
10.9 YASKAWA 119
10.10 CHINT GROUP 121
10.11 WEG 123
10.12 LEGRAND 126
10.13 TOSHIBA CORPORATION 127
10.14 EMERSON 129
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11 APPENDIX 131
11.1 INSIGHTS OF INDUSTRY EXPERTS 131
12.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 135
12.2 RELATED REPORTS 137
12.3 AUTHOR DETAILS 138



List of Figures



FIGURE 1 MONITORING DEVICES SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 24
FIGURE 2 INDUSTRIAL SEGMENT IS EXPECTED TO LEAD THE LOW VOLTAGE PROTECTION AND CONTROL MARKET DURING THE FORECAST PERIOD 24
FIGURE 3 ASIA PACIFIC IS EXPECTED TO DOMINATE THE LOW VOLTAGE PROTECTION AND CONTROL MARKET DURING THE FORECAST PERIOD 25
FIGURE 4 INCREASING DEMAND FOR RENEWABLE ENERGY SOURCES GLOBALLY IS EXPECTED TO DRIVE THE LOW VOLTAGE PROTECTION AND CONTROL MARKET DURING THE FORECAST PERIOD 26
FIGURE 5 PROTECTION EQUIPMENT SEGMENT LED THE LOW VOLTAGE PROTECTION AND CONTROL MARKET IN 2017 26
FIGURE 6 INDUSTRIAL SEGMENT IS EXPECTED TO GROW GLOBALLY IN THE LOW VOLTAGE PROTECTION AND CONTROL MARKET DURING THE FORECAST PERIOD 27
FIGURE 7 CHINA WAS THE LARGEST LOW VOLTAGE PROTECTION AND CONTROL MARKET IN ASIA PACIFIC IN 2017 27
FIGURE 8 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 28
FIGURE 9 GLOBAL PRIMARY ENERGY CONSUMPTION SHARE, 2017 (IN %) 29
FIGURE 10 PROJECTED SHARE OF RENEWABLES IN ELECTRICITY, HEAT, AND TRANSPORT, 2017–2023 (%) 31
FIGURE 11 GLOBAL PROJECTED ENERGY DEMAND, 2015–2040, (IN QUADRILLION BTU) 32
FIGURE 12 PUBLICLY ACCESSIBLE CHARGERS, BY COUNTRY, 2014–2017 34
FIGURE 13 PROTECTION EQUIPMENT IS EXPECTED TO HOLD THE LARGEST MARKET DURING FORECAST PERIOD 37
FIGURE 14 INDUSTRIAL SEGMENT IS EXPECTED TO DOMINATE THE MARKET DURING FORECAST PERIOD 44
FIGURE 15 REGIONAL SNAPSHOT: MIDDLE EAST & AFRICA MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
FIGURE 16 LOW VOLTAGE PROTECTION AND CONTROL MARKET SHARE (VALUE) BY REGION, 2017 55
FIGURE 17 NORTH AMERICA: MARKET SNAPSHOT 57
FIGURE 18 NORTH AMERICAN ELECTRIC VEHICLE SUPPLY EQUIPMENT STOCK COMPARISON, US VS. CANADA, 2016–2017 58
FIGURE 19 ASIA PACIFIC: MARKET SNAPSHOT 64
FIGURE 20 KEY DEVELOPMENTS IN THE LOW VOLTAGE PROTECTION AND CONTROL MARKET DURING 2015–2018 93
FIGURE 21 MARKET SHARE ANALYSIS, 2017 94
FIGURE 22 LOW VOLTAGE PROTECTION AND CONTROL MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2017 98
FIGURE 23 ABB: COMPANY SNAPSHOT 100
FIGURE 24 EATON CORPORATION: COMPANY SNAPSHOT 104
FIGURE 25 FUJI ELCTRIC CO.LTD: COMPANY SNAPSHOT 107
FIGURE 26 HITACHI: COMPANY SNAPSHOT 109
FIGURE 27 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 111
FIGURE 28 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 114
FIGURE 29 SIEMENS: COMPANY SNAPSHOT 116
FIGURE 30 YASKAWA: COMPANY SNAPSHOT 119
FIGURE 31 WEG: COMPANY SNAPSHOT 123
FIGURE 32 LEGRAND: COMPANY SNAPSHOT 126
FIGURE 33 TOSHIBA CORPORATION: COMPANY SNAPSHOT 127
FIGURE 34 EMERSON: COMPANY SNAPSHOT 129

 

List of Tables



TABLE 1 KEY END-USER GROWTH RATE AND TRANSMISSION AND DISTRIBUTION INVESTMENT ARE THE MAJOR DETERMINING FACTORS FOR LOW VOLTAGE PROTECTION AND CONTROL MARKET 20
TABLE 2 LOW VOLTAGE PROTECTION AND CONTROL MARKET SNAPSHOT 23
TABLE 3 GROWING PER CAPITA CONSUMPTION OF ENERGY COMPARISON ACROSS MAJOR ECONOMIES, 2014–2016, IN MWH/CAPITA 30
TABLE 4 SOLAR AND WIND RENEWABLE ENERGY TARGETS BY MAJOR COUNTRIES 31
TABLE 5 LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY PRODUCT 2016–2025 (USD MILLION) 37
TABLE 6 MONITORING DEVICES MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 38
TABLE 7 MONITORING DEVICES MARKET SIZE, BY PRODUCT, 2016–2025 (USD MILLION) 39
TABLE 8 PROTECTION EQUIPMENT MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 40
TABLE 9 PROTECTION EQUIPMENT MARKET SIZE, BY PRODUCT, 2016–2025 (USD MILLION) 40
TABLE 10 SWITCHING EQUIPMENT MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 41
TABLE 11 SWITCHING EQUIPMENT MARKET SIZE, BY PRODUCT, 2016–2025 (USD MILLION) 42
TABLE 12 LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY END-USER 2016–2025 (USD MILLION) 44
TABLE 13 INDUSTRIAL LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE BY END-USER, 2016–2025 (USD MILLION) 45
TABLE 14 EV CHARGING INDUSTRIAL APPLICATION: LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 45
TABLE 15 DATA CENTER INDUSTRIAL APPLICATION: LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 46
TABLE 16 SOLAR INDUSTRIAL APPLICATION: LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 46
TABLE 17 OIL & GAS INDUSTRIAL APPLICATION: LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 47
TABLE 18 WIND INDUSTRIAL APPLICATION: LOW VOLTAGE PROTECTION & CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 47
TABLE 19 RESIDENTIAL: GLOBAL LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 48
TABLE 20 COMMERCIAL: GLOBAL LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY REGION, 2016–2025 (USD MILLION) 49
TABLE 21 INDUSTRIAL: GLOBAL LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY REGION, 2016–2025 (USD MILLION) 52
TABLE 22 INDUSTRIAL MARKET SIZE, BY END-USER, 2016–2025 (USD MILLION) 52
TABLE 23 LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY REGION 2016–2025 (USD BILLION) 55
TABLE 24 NORTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY COUNTRY, 2016–2025 (USD MILLION) 58
TABLE 25 NORTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY PRODUCT, 2016–2025 (USD MILLION) 58
TABLE 26 NORTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY APPLICATION, 2016–2025 (USD MILLION) 59
TABLE 27 NORTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY INDUSTRIAL APPLICATION, 2016–2025 (USD MILLION) 59
TABLE 28 US: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 60
TABLE 29 CANADA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 62
TABLE 30 MEXICO: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 63
TABLE 31 ASIA PACIFIC: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY COUNTRY, 2016–2025 (USD MILLION) 65
TABLE 32 ASIA PACIFIC: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY PRODUCT, 2016–2025 (USD MILLION) 65
TABLE 33 ASIA PACIFIC: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY APPLICATION, 2016–2025 (USD MILLION) 66
TABLE 34 ASIA PACIFIC: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY INDUSTRIAL APPLICATION, 2016–2025 (USD MILLION) 66
TABLE 35 CHINA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 67
TABLE 36 INDIA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 68
TABLE 37 JAPAN: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 69
TABLE 38 AUSTRALIA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 70
TABLE 39 MALAYSIA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 71
TABLE 40 VIETNAM: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 72
TABLE 41 REST OF ASIA PACIFIC: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 73
TABLE 42 EUROPE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY COUNTRY, 2016–2025 (USD MILLION) 74
TABLE 43 EUROPE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY PRODUCT, 2016–2025 (USD MILLION) 74
TABLE 44 EUROPE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY APPLICATION, 2016–2025 (USD MILLION) 75
TABLE 45 EUROPE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY INDUSTRIAL APPLICATION, 2016–2025 (USD MILLION) 75
TABLE 46 UK: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 76
TABLE 47 GERMANY ENERGY EFFICIENCY AND RENEWABLE ENERGY TARGETS, 2020–2050 77
TABLE 48 GERMANY: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 78
TABLE 49 FRANCE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 79
TABLE 50 SPAIN: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 79
TABLE 51 ITALY: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 80
TABLE 52 REST OF EUROPE: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 81
TABLE 53 MIDDLE EAST & AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY COUNTRY, 2016–2025 (USD MILLION) 82
TABLE 54 MIDDLE EAST & AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY PRODUCT, 2016–2025 (USD MILLION) 83
TABLE 55 MIDDLE EAST & AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY APPLICATION, 2016–2025 (USD MILLION) 83
TABLE 56 MIDDLE EAST & AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY INDUSTRIAL APPLICATION, 2016–2025 (USD MILLION) 84
TABLE 57 SAUDI ARABIA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 85
TABLE 58 QATAR: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 86
TABLE 59 SOUTH AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 87
TABLE 60 REST OF MIDDLE EAST & AFRICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 88
TABLE 61 SOUTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY COUNTRY, 2016–2025 (USD MILLION) 88
TABLE 62 SOUTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY PRODUCT, 2016–2025 (USD MILLION) 89
TABLE 63 SOUTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY APPLICATION, 2016–2025 (USD MILLION) 89
TABLE 64 SOUTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY INDUSTRIAL APPLICATION, 2016–2025 (USD MILLION) 90
TABLE 65 BRAZIL: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 91
TABLE 66 ARGENTINA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE BY EQUIPMENT, 2016–2025 (USD MILLION) 91
TABLE 67 REST OF SOUTH AMERICA: LOW VOLTAGE PROTECTION AND CONTROL MARKET SIZE, BY EQUIPMENT, 2016–2025 (USD MILLION) 92
TABLE 68 DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2015–2018 94