600+ data tables on switchgear market makes this research one of the most comprehensive reports available on global switchgear industry, supported with 25 charts & figures, providing country level coverage for 35+ nations.
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The rising number of projects with regards to 100% global electrification has been a fundamental parameter that has raised the bar for switchgear market in the global energy sphere. Essentially banking on the rapidly increasing expenditure on infrastructural development initiatives and T&D reinstallation networks, switchgear industry commands substantial acclaim driven by the consistent demand for LV, MV, and HV switchgears. Of late, switchgear market has also been traversing on a highly progressive path owing to the rapidly proliferating power grid expansion projects being undertaken for rural electrification. Such initiatives are particularly prominent in the Asia pacific, especially in the developing Indian sub-continent, over 60% of which is still embroiled amidst a rural landscape seeking consistent power supply.
MarketStudyReport.com adds a new market research report titled Switchgear Market Size By Voltage (LV, MV, HV), By Insulation (Air, Gas, Oil, Vacuum), By Installation (Indoor, Outdoor), By Current (AC, DC), By End Use (Residential & Commercial, Industrial, Utilities), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, Italy, Austria, Spain, Netherlands, Denmark, Sweden, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Brazil, Peru, Argentina), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024 to its online reports store .
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China switchgear market is set to surpass USD 20 billion by 2024. Government initiatives pertaining to substitution of conventional energy sources with clean and sustainable energy resources will complement the industry landscape. The National Energy Administration, in 2017, announced to strengthen the sustainable power generation technologies across China with an expenditure worth USD 326.40 billion by 2020.
In 2017, vacuum insulation accounted for over half of the global switchgear market share, attributable toward the rising demand for HVDC transmission & distribution networks across industrial sector. In comparison to its counterparts, the effective di-electric strength and high insulation along with fierce installation costs will further fuel the product trade.
Rational measures toward the electrification of rural regions in Asia Pacific and Africa sustained by growing investments from financial institutions including Asian Development Bank (ADB) and the World Bank will uphold the global switchgear market share. Growing demand for restoration of existing infrastructure along with robust deployment of modern distribution networks will positively influence the U.S. switchgear market share.
Eminent players in the switchgear market include ABB, Siemens, GE, EATON, Mitsubishi Electric Systems, Schneider Electric, Toshiba, BHEL, Hitachi, Crompton Greaves, Powell Industries, Hubbell power systems, Hyosung, Fuji Electric, Rittal, Larson & Toubro, Hyundai Ideal Electric, Iljin Electric and Ormazabal.
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Complete report on global switchgear market for 2018 – 2024, spread across 387 pages and published in June, 2018 is now available at https://www.marketstudyreport.com/reports/switchgear-market.
Another research titled “Global Switchgears Sales Market Report 2018” of 119 pages supported with 134 tables and categorizes the worldwide switchgear market size (value & volume) by key players, type, application, and region. Companies like ABB, Alstom, Eaton, General Electric, Mitsubishi Electric, Nr Electric, Powell Industries, TE Connectivity, Toshiba, Schneider Electric, Siemens, Bharat Heavy Electricals, Hitachi, Crompton Greaves, Hyosung and Hyundai Heavy Industries are profiled in this research. Switchgear products of Voltage 52 kV have been studied for their production, revenue, price, market share and growth rate.
This switchgear market sales report also provides sales volume, market share and growth rate for applications of switchgears covering transmission & distribution utilities, manufacturing & process industries, commercial & residential infrastructure, marine, mining, transportation and power generation industries. In this study, the years considered to estimate the switchgear market size are: History Year: 2013-2017; Base Year: 2017; Estimated Year: 2018 and Forecast Years: 2018 to 2025. Read more at
https://www.marketstudyreport.com/reports/global-switchgears-sales-market-report-2018
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