Low and Medium Voltage Switchgear Market to Witness High Demand for GIS Segment During 2020-2024 | Technavio

Technavio has announced its latest market research report titled Global Low and Medium Voltage Switchgear Market 2020-2024 (Graphic: Business Wire)

LONDON--()--According to the latest report published by Technavio, the low and medium voltage switchgear market size is poised to grow by USD 46.2 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment facing direct and indirect COVID-19 impact.

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Market Competitive Analysis:

The market is fragmented due to the presence of several low and medium voltage switchgear manufacturing companies. ABB Ltd., Bharat Heavy Electricals Ltd., and Eaton Corporation Plc are some of the major market participants.

  • Although the modernization of existing transformers will offer immense growth opportunities, high electrical equipment imports by developing countries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
  • To help clients improve their market position, this low and medium voltage switchgear market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies.
  • The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this low and medium voltage switchgear market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

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This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • Eaton Corporation Plc
  • General Electric Co.
  • Hyosung Corp.
  • Hyundai Heavy Industries Co. Ltd.
  • Mitsubishi Electric Corp.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

Global Low and Medium Voltage Switchgear Market: COVID-19 Impact Analysis

Market Impact:

As the business impact of COVID-19 spreads, the global low and medium voltage switchgear market 2020-2024 is expected to have negative and inferior growth.

Industry Impact:

The industrials industry is expected to have a negative impact due to the spread of the COVID-19 virus. The industrials market will have an indirect impact due to the spread. Even if the spread of the virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity.

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Key Highlights of the Report for 2020-2024:

  • CAGR of the market during the forecast period 2019-2024
  • Detailed information on factors that will drive low and medium voltage switchgear market growth during the next five years
  • Precise estimation of the low and medium voltage switchgear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in market dynamics
  • The growth of the low and medium voltage switchgear market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of low and medium voltage switchgear market vendors

Download a free sample of the report with COVID-19 crisis and recovery analysis.

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • GIS - Market size and forecast 2019-2024
  • AIS - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • Eaton Corporation Plc
  • General Electric Co.
  • Hyosung Corp.
  • Hyundai Heavy Industries Co. Ltd.
  • Mitsubishi Electric Corp.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Low and Medium Voltage Switchgear Market will grow by $ 46.20 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/