123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Switchgear Market To Expand At A Cagr Of 7.12%, Global Key Players, Trends, Share, Industry Size, Se

Profile Picture
By Author: MarketsandMarkets™ INC.
Total Articles: 23
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 billion by 2022. Continuous growth of construction and development activities, increasing access to electricity in developing countries, and growth in renewable power generation projects are the major factors driving the market.

Don’t miss out on business opportunities in Switchgear Market. Request Sample Copy and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1162268

The switchgear market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), Alstom SA (France), Hitachi Ltd. (Japan), Schneider Electric SE (France), and Mitsubishi Electric Corporation (Japan) among others.

Browse 68 Market Data Tables and 51 Figures spread through 144 Pages and in-depth TOC on "Switchgear Market by Voltage (< 1 KV, ...
... 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022"

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html

Based on end-user, the transmission and distribution utilities are estimated to grow at the fastest rate during the forecast period. Increasing investments in sub-station automation, modernization of electric grid, and smart utilities are the major factors driving the growth of the transmission and distribution utilities segment of the switchgear market. Switchgear enhance protection by decreasing energy losses, due to poor operational efficiency of traditional equipment.

Based on region, the switchgear market in Asia-Pacific is projected to grow by the fastest rate during the forecast period. Increasing grid investments and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the switchgear market in the region during the forecast period. Rise in investments in smart grid technologies is also driving the switchgear market in Asia-Pacific.

Objectives of the study:
• To define, describe, and forecast the global switchgear market by voltage, equipment, end-user and region
• To provide detailed information on major factors influencing the growth of the switchgear market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the switchgear market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To strategically profile key players and comprehensively analyze their market rankings and core competencies
• To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the switchgear market

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1162268

Aging power infrastructure, High Voltage Direct Current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for the switchgear companies. Moreover, governments in most of the countries are investing in renewable energy-based power generation to match up with the growing energy demand. All these factors is likely to drive the switchgear market during the forecast period.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Total Views: 294Word Count: 567See All articles From Author

Add Comment

General Articles

1. Enhancing Fabric Care Excellence: The Impact Of Commercial Laundry Equipment
Author: Jacob Michael

2. Stop Settling For Boring. Embrace The Thrill. Embrace Samsung Glance Wallpaper
Author: Jaykant P

3. Understanding The Role Of Protein Supplements In Muscle Building With Diabawhey
Author: BeatO

4. Ld50w-72-c0700-pd Constant Current Pwm Dimming Led Driver By Eptronics
Author: David Hessen

5. Disable Glance In Samsung? Wait! Discover Inspiration & Convenience At A Glance
Author: Jaykant P

6. The Role Of Technology In Modern Eye Exams: Advancements Shaping The Future Of Vision Care
Author: Tatum eyecare

7. The Divine Timing: Making The Most Of Today's Auspicious Muhurat
Author: astrosir

8. Workllama And Daxtra Announce Partnership Integration To Revolutionize Talent Acquisition
Author: jamescolin

9. Solar Power For Shed Lights
Author: James Smith

10. Those Who Search Mi Glance Turn Off Will Miss These Amazing T20 Experiences
Author: Jaykant P

11. Tdp's Green Triumph: Kurnool Ultra Mega Solar Park Unveiled By N Chandrababu Naidu
Author: krishna

12. From Paper Chase To Seamless Success: How Construction Drawing Management Software Revolutionizes Projects
Author: iFieldSmart Technologies

13. How Does A Metaverse Nft Marketplace Work?
Author: Elsa

14. Mastering The Art Of Connection: A Comprehensive Guide To Omegle
Author: Maria Kenneth

15. Services Offered By Staffing Agency In Long Beach
Author: Alexis

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: