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high voltage switchgear market to grow at 6.4% CAGR during 2017 to 2021 according to new research report

Global High Voltage Switchgear Market is Projected to grow at 6.4% CAGR during the period 2017-2021. High Voltage Switchgear Industry research report also provides granular analysis of the market share, Size, segmentation, revenue forecasts and geographic regions of the market.

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Global high voltage (HV) switchgear market witnessed a market value of $11.6 billion in 2016 and is estimated to reach $15.86 billion in 2021, registering a CAGR of 6.4% between 2016 and 2021. In growing economies such as those of Asia-Pacific and the Middle East, the rise in electricity demand is driving the High Voltage Switchgear Market, with new capacity addition in the generation and transmission sector.

Report: www.marketstudyreport.com/request-…utm_source=WAT-SP

China, one of the fastest growing economies with a largest fleet of transmission substations, topped the global HV switchgear market in 2016 with a value of $2.69 billion and is expected to reach $3.3 billion in 2021. It represented over 23.0% of global HV switchgear market in 2016.

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India ranks second, next to China in global HV switchgear market with a market value of $976.2m in 2016, contributing 8.4% to global market. The US emerged as the third-largest market for global HV switchgear in 2016, with a market value of $748.7m in 2016, which represented 6.4% of the global market.

The other key countries in the GIS market include Japan and South Korea next to China and India in Asia-Pacific region. The UK, Germany, and Russia are the three key countries in Europe, with Russia emerging as the biggest market in 2016 with a market value of $554.2m. 

Report: www.marketstudyreport.com/420473//?utm_source=OPR-SP 

Scope

The report analyses High Voltage Switchgear market. Its scope includes -

- Analysis of the growth of high voltage switchgear market with a focus on market value and volume, classified by voltage and type in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.

- The report provides high voltage switchgear market analysis for key countries including the US, Canada, Brazil, China, India, Japan, Republic of Korea, Australia, Germany, the UK, Russia, and Saudi Arabia.

- The report offers country level high voltage switchgear market value and volume for the historical (2011-2016) and forecast (2017-2021) periods, classified based on voltage and type.

- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on high voltage switchgear market are discussed.

- Report provides competitive landscape at country level for the year 2016. It also covers policies and initiatives, and case studies.

 

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