The report defines, describes, and forecasts the global switchgear market by voltage, equipment, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market.
“The switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022.”
The switchgear market is projected to reach USD 125.10 billion by 2022, at a CAGR of 7.12%, from 2017 to 2022. Continuous growth of constructional and developmental activities, increasing access to electricity in developing countries, and growth in renewable power generation are the major drivers of the switchgear market.
Price volatility of raw materials can hinder the growth of the switchgear market.
“The transmission and distribution utilities sub-segment of the end-user segment is expected to grow at the highest CAGR, from 2017 to 2022.”
The transmission and distribution utilities sub-segment of the end-user segment is expected to grow at the highest CAGR, during the forecast period.Switchgears are used extensively to prevent damages of expensive and critical equipment in transmission and distribution utilities.
Switchgear reduces the downtime and aid in faster response time. Increasing investments in sub-station automation and smart grids can drive the growth in the transmission and distribution utilities segment of the switchgear market.
Complete Report on Switchgear Market spread across 207 Pages, Profiling 10 Companies and Supported with 164 Tables and 39 Figures is now available at www.rnrmarketresearch.com/switchge…arket-report.html
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 45%, Tier 2- 35%, Tier 3- 20%
- By Designation: D-Level- 26%, C-Level- 34%, and Others- 40%
- By Region: Americas- 35%, EMEA-45%, and APAC- 20%,
Switchgear Market, By Voltage
1 kV to 36 kV
36 kV to 72.5 kV
Switchgear Market, By End-User
Transmission & Distribution Utilities
Manufactuirng and Process Industries
Commercial and Residential Infrastructure
The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), Eaton Corporation plc (Ireland),and Schneider Electric SE (France).
Fundamental key point from table of content
4 Premium Insights
4.1 Attractive Opportunities in the Switchgear Market, 2017–2022
4.2 Switchgear Market, By Region, 2016
4.3 Switchgear Market, By Voltage, 2017 & 2022
4.4 Switchgear Market, By End-User, 2022
8 Switchgear Market, By Equipment
8.2 MCB & MCCB
8.3 Ring Main Unit
8.4 Circuit Breakers
8.5 Surge Arresters
8.7 Motor Control Centers
8.8 Surge Protection Devices
8.9 Gas Insulated Switchgear
8.10 Air Insulated Switchgear
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