DUBLIN--(BUSINESS WIRE)--The "Global Switchgear Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The switchgear market was valued at US$ 89.4 Billion in 2016 and is expected to grow at a CAGR of 9.2% during the forecast period from 2017 to 2025.
Growing demand for electric energy boosted the establishment of new power plants across the world. With consistently growing power plants and renovations and up-gradation of power system networks, the demand for the switchgears is expected to escalate throughout the forecast period. In addition, switchgears are also used to prevent electrical damage to the equipment and devices used for manufacturing and processing industries as well as residential and commercial complexes. With the growth in the aforementioned sectors, the market for switchgears is also expected to demonstrate a substantial growth in the following years.
The market is highly fragmented and comprises of several international manufacturers, as of 2016. With consistent up-gradation of electrical infrastructure and network, switchgear manufacturers are extensively striving to expand their sales and distribution network. Companies are concentrating on new and emerging markets in the Asia-Pacific, Middle East and Africa (MEA) and Latin America regions.
- High investments in up-gradation of transmission and distribution infrastructure
- Growing awareness of energy efficiency measures and renewable energy projects
- Expansion of sales and distribution network in new and emerging markets
Key Topics Covered:
2. Executive Summary
3. Global Switchgears Market Analysis
4. Global Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
5. Global Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
6. North America Switchgears Market Analysis, 2015 - 2025 (US$ Mn)
7. Europe Switchgears Market Analysis, 2015 - 2025 (US$ Mn)
8. Asia Pacific Switchgears Market Analysis, 2015 - 2025 (US$ Mn)
9. Rest of World (RoW) Switchgears Market Analysis, 2015 - 2025 (US$ Mn)
10. Company Profiles
- ABB Ltd
- Eaton Corporation PLC
- General Electric
- Mitsubishi Electric Corporation
- TE Connectivity Ltd
- Toshiba Corporation
- Schneider Electric SA
- Siemens AG
- Hitachi Ltd
- Crompton Greaves Ltd
- Hyundai Heavy Industries Co.
For more information about this report visit https://www.researchandmarkets.com/research/5nv65t/global_switchgear?w=4