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Switchgear Market by Voltage, End-User, Equipment - Global Forecast to 2022

Switchgear Market: Global Forecast until 2022

  • August 2017
  • 201 pages
  • ID: 5091912
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The switchgear market is estimated to rise at a compound annual growth rate of ~7.1 percent, between 2017 and 2022.

The switchgear market is estimated to grow ~$125.1B by 2022, at a compound annual growth rate of ~7.1 percent, between 2017 and 2022. Continuous increase of constructional and developmental activities, growing access to electricity in developing countries, and increase in renewable power generation are the main drivers of the switchgear market. Price volatility of raw materials can hinder the increase of the switchgear market.

The transmission and distribution utilities sub-segment of the end-user segment is anticipated to rise at the highest CAGR (Compound annual growth rate), between 2017 and 2022.

The transmission and distribution utilities sub-segment of the end-user segment is anticipated to grow at the highest compound annual growth rate (CAGR), during the outlook 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. Rising investments in sub-station automation and smart grids can drive the increase in the transmission and distribution utilities segment of the switchgear market.

APAC: The biggest market for switchgear in 2016

The sector in Asia-Pac is currently the biggest market for switchgear succeeded by the european (EU) market. Growing investments in aging electrical grid infrastructure and growing electricity demand are driving the switchgear market in the Asia Pacific area.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 45.0 percent, Tier 2 35.0 percent, Tier 3 20.0 percent

• By Description: D-Level- 26.0 percent, C-Level- 34.0 percent, and Others- 40.0 percent

• By Area: Americas- 35.0 percent, EMEA- 45.0 percent, and APAC- 20.0 percent,

Note: Others includes product managers, marketing managers, and sales managers.

Europe, Middle East and Africa (EMEA) denotes Europe (EU), Middle East (ME), and African continent

Asia-Pac denotes Asia Pacific (APAC)

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2016: Tier 1 = > $5.0B, Tier 2 = From $1.0B to $5.0B, and Tier 3 = < $1.0B

The key players in the switchgear market contain ABB Ltd. (NYSE:ABB), General Electric (NYSE:GE), Siemens (SIA), Eaton Corporation plc, and Schneider Electric (SU).

Segment Research

The market research defines, depicts, and forecasts the overall switchgear market by voltage, equipment, end-user, and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities.It also includes different important aspects of the market.

These include an review of the competitive landscape, market forces, industry estimates in terms of value importance, and next trends in the switchgear market.

Why acquire this industry report?

1. The study determines and addresses main markets for switchgear, which would help manufacturers review the rise in demand.

2. The analysis benefits system providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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