Elkat™ is more than just a manufacturer of low voltage apparatus components. The company is a visionary company that creates innovative solutions for electrical switchgears of all kinds. Their insulated busbars, distribution blocks and connectors are designed and produced in-house, using their own cutting-edge tools, facilities and machinery.
Easy Engineering: What is the outlook for 2024?
The Europe’s electronic components market has been strongly getting back on it’s feet after the global pandemic and war. It is analyzed to grow at a CAGR of 6.5% during the forecast period 2023-2030 to reach $328.50 billion by 2030.
As you may know, the market is undergoing significant changes due to the new regulations and policies that aim to achieve net-zero emissions by 2050. The EU has proposed the “Net-Zero Industry Act”, “Raw materials Act” and “the Green Deal”, which set a benchmark for the manufacturing capacity of strategic sustainable technologies to meet at least 40% of the EU’s annual deployment needs by 2030. This means that the market share of ecofriendly manufacturing of electrical components is expected to increase from the current 4.6% to 40% in the next six years.
Since many of the investments that will help us navigate this transition and reach the ambitious goals will take years, It is important to acknowledge exactly where, when and how such a dramatic change is happening. We think, these companies shall move to the forefront in the coming years since the acknowledgement of those may become critical to securing the competitive advantage in the market for a lot it’s suppliers, resellers and recipents. Being an example of such, We are glad to take part in the today’s interview.
E.E: A brief description of the company and its activities.
Elkat™ is a visionary company that creates insulated busbars, distribution blocks and connectors that are designed and produced in-house, using its own cutting-edge tools, design faculties and machinery. Elkat™ products are compatible with a wide range of low-voltage components, such as switchboards, circuit breakers, fuses and more. They provide energy to the devices that power your homes, businesses and infrastructure facilities. They are also safe, elegant and reliable.
But what makes Elkat™ stand out from the rest is its commitment to preserving the environment and reducing greenhouse gas emissions. Elkat™ has redesigned its facility and tools to be eco-friendlier and more efficient. It has increased its internal reuse of waste to 10 tons a year (2023), which is then tested to be able to recycle 99,5% of its production waste since the beginning of 2024. The company has introduced a great deal of green energy investments and manufacturing tools that has let it to reduce its CO2 emissions by 14.06 tons CO2 in the year 2023 and 27,5 tonnes of CO2 in the 2022/2024 period. Through all this, It has also invested in production management and has actually been able to grow its production capabilities. What could also be of the most importance in this whole process is that it does not produce any “Green Premium” Price gap, and despite its sustainability, the Elkat products remain to have one of, if not the best price to quality ratio on the market.
Elkat™ is proud to be compliant with the new EU norms and plans for ecology, such as the European Green Deal, the Circular Economy Action Plan, and the Climate Law. These initiatives aim to make Europe the first climate-neutral continent by 2050, to foster sustainable growth and innovation, and to protect the health and well-being of people and the planet.
Elkat™ has a rich history of innovation and excellence. It started as a family business over 20 years ago and became the pioneer of busbar power distribution technology. Today. it is the national leader and the fastest growing manufacturer of busbars and distribution blocks in the EU. It is also involved in many investments, solutions, and projects that showcase its expertise and creativity.
E.E: What are the main areas of activity of the company and what is the range of products?
Designing and producing low voltage apparatus components, such as insulated busbars, distribution blocks and connectors. These products are compatible with a wide range of low-voltage components:
Developing and implementing innovative solutions for electrical switchgears of all kinds. These solutions include new products, such as the TLC-14 threadless distribution block, which allows easy and quick connection of wires without any screws or tools.
Preserving the environment and reducing greenhouse gas emissions. The company has redesigned its facility and tools to be more eco-friendly and efficient using means of renewable energy sources, waste recycling and futuristic production management.
Setting good standards when it comes to quality, sustainability, reliability and pricing. That’s done all while the competitors are running into many problems with operating, leaving a good portion of the market for such solutions unsatisfied for Elkat to manage.
E.E: What are the news about new products?
When it comes to innovative design, we have our own distribution blocks that we designed from scratch. One of them is the TLC-14, which is a threadless distribution block that allows easy and quick connection of wires without any screws or tools.
Imagine a connecting block that can connect wires of any size and shape in a snap. A connecting block that is insulated, ergonomic, and easy to use. A connecting block that can handle any type of low-voltage electrical switchgear. That’s what we have designed for you.
Our connecting block uses spring terminals to connect wires with a cross-section of 1-25mmz2. It has 13 inputs that can accommodate any wire configuration. It ensures a secure and fast connection, with no risk of failure or cable ejection. It comes with a special tool that allows you to remove the cables with ease. It fits perfectly on the DIN rail, and meets the IP 20 protection level. And like all Elkat products, it makes your electrical devices work together in a reliable, transparent, and futuristic way.
E.E: What can you tell us about the market trends and your estimations for 2024.
As we’ve already talked in the beginning, the Market is again in a strong incline. That being said, many of our largest competitors are running into problems with fulfilment of their orders and the general business cooperativeness. Not only are these big companies not following our steps to the sustainability achievements, but are they facing major problems. We are being approached by many companies stating the same. Our predictions for 2024 are stating even more investments in things I could not cover in this interview, but will Gladly disclose next year after they take place. I must say, these are the most interesting to me personally and I hope for them to elevate our presence in the world-wide business even more.
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