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Electricity had become a very crucial commodity in day to day life, and electricity is the primary need of any developed country or a developing country. It is essentially required in domestic, industrial, and commercial purposes which makes it is essential across vertical applications. Interruption of electricity supply has many adverse effects on electrical equipment & control systems and may lead to a loss in monetary terms. Hence, it becomes necessary to maintain the continuity of supply without interruption of supply. Automatic Main Failure (AMF) panel is a device that can automatically transfer the switch from main power supply to an auxiliary supply, and DG set or battery with the help of the control unit without interrupting the main supply. The control unit usually deployed for switching the supply are microcontroller, PLC (Programmable Logic Control) programming and relay mechanism. AMF panels are used in various applications such as textiles, foundries, chemical, apartments, sugar industries, and small as well as large scale industries.
The auto mains failure panel market is segmented into power rating and end-user. Based on the power rating segment, the market is categorized into up to 200 kVA, 200 kVA to 500 kVA, 501 kVA to 2,000 kVA, and above 2,000 kVA segments. Up to 200 kVA segment is dominating the market owing to increasing demand from small scale, industries, commercial buildings, and foundries. Based on the end-user segment, the market is segmented into industrial, commercial, and others. The industrial sector holds a strong growth potential in the forecasted period due to significant demand from industries, which requires an uninterrupted supply for operations, lead to growth in the industrial sector.
Key Market Driver -
Growing Investment in Industrial Sector
Key Market Restraint -
High maintenance cost
The increasing investments in the industrial sector and growing demand for uninterrupted power supply are the major factors attributed to the demand of the auto mains failure panel which leads to an increase in the auto mains failure panel market. Increasing regulatory support from governments for developing the small and medium scale industries also helps to propel the demand for auto mains failure panel market. According to the UNCTAD report 2018, countries are focusing on strengthening the investment strategies to enhance investment into the industrial sector, such as Foreign Investment Industrial Guidance from China, FDI Policy from India, and National Investment Promotion Strategy from Kenya. Moreover, increasing the need for maintaining the continuity in operations and saving from the losses holds a promising opportunity for the growth of the auto mains failure panel market during the projected period.
Some of the globally acclaimed companies for Auto Mains Failure Panel market are Shenton Group, Safvolt, Ercon Group, Himoinsa, Deep Sea Electronics Ltd., Sk Power Solution, M.B Automation, Mnr Electricals, Datakom Electronics Engineering A.S, And C&S Electric Ltd.
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The auto mains failure panel market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Asia Pacific is holding a strong potential in the market owing to significant growth in the industrial sector which leads to an increase in the adoption of auto mains failure panel. Middle East & Africa is also boosting the demand for auto mains failure panels due to an increase in adoption by commercial sector and small scale industries. Hence, significant growth in the industrial sector accelerates the demand for auto mains failure panel market during the forecast period.
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