DUBLIN--(BUSINESS WIRE)--The "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" report has been added to Research and Markets' offering.
The global switchgear market is projected 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 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, 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.
The market in Asia Pacific is currently the largest market for switchgear followed by the European market. Rising investments in aging electrical grid infrastructure and increasing electricity demand are driving the switchgear market in the Asia Pacific region.
- Abb Ltd.
- Alstom Sa
- Cg Power And Industrial Solutions Limited
- Eaton Corporation Plc
- Elektrobudowa Sa Group
- General Electric Company
- Hawker Siddeley Switchgear Ltd.
- Hitachi Ltd.
- Hyosung Corporation
- Hyundai Heavy Industries Co., Ltd.
- Larsen & Toubro Limited
- Lucy Electric Uk Ltd.
- Mitsubishi Electric Corporation
- Powell Industries, Inc.
- Schneider Electric Se
- Sel S.P.A.
- Siemens Ag
- Te Connectivity Ltd.
- Toshiba Corporation
- Zpue S.A.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Switchgear Market, By Voltage
7 Switchgear Market, By End User
8 Switchgear Market, By Equipment
9 Switchgear Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/nnfmmj/switchgear_market