Industrial, Manufacturing & Heavy Industry Market News

Learn details of the global switchgear market

Industrial Market Research

As per a new market research report published by Factor & Equilibrium (www.factorandequilibrium.com), “Switchgear Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Type (Low Voltage Switchgear, Medium Voltage Switchgear and High Voltage Switchgear), By Insulation (Air, Gas and Others), By End User (Transmission & Distribution Utilities, Process Industries, Manufacturing, Infrastructure and Others), & By Regions, 2017-2025” is expected to reach USD 137.70 Billion by 2025 in terms of revenue. In 2016, the market was valued USD 78.30 Billion in terms of revenue. In terms of volume, switchgear market size was 2,550.1 Thousand Units in 2016 and expected to reach 4,135.7 Thousand Units by 2025. Browse 43 Data Tables and 62 Figures in the full report at https://www.factorandequilibrium.com/market-report/switchgear-market-size


Market Overview

The Switchgear market is expected to grow at a high rate during 2017 to 2025. Switchgear is switching devices associated for controlling, metering and regulating electrical power system.

Switchgear systems are composes of different electrical instruments such as circuit breakers, fuses, enclosures, ring main unit (RMU) and busbars among others. In order to ensure safety and control of power distribution, switchgear system is placed as important part in transmission and distribution (T&D) network.