The Switchgear market size will grow from USD 88.49 Billion in 2017 to USD 134.14 Billion by 2023, at an estimated CAGR of 7.18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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Continuous demand for construction and developmental activities, increasing access for electricity in developing countries, and growth in renewable power generation projects are the major drivers of the switchgear market. Based on the end-user segment, the switchgear market is segmented into transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, and others. Others include marine, transportation, and mining sectors. The transmission and distribution utilities sub-segment led the switchgear market in 2017 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is expected to grow at the fastest rate during the forecast period.
By Market Players:
ABB Ltd. , Hyosung Corporation , Alstom SA , CG Power and Industrial Solutions Limited , Hitachi Ltd. , Hyundai Heavy Industries Co., Ltd. , Schneider Electric SE , Siemens AG , Eaton Corporation PLC , General Electric Company , Toshiba Corporation , Mitsubishi Electric Corporation , Powell Industries, Inc. , TE Connectivity Ltd. , Larsen & Toubro Limited , Elektrobudowa SA Group , Zpue S.A. , Lucy Electric UK Ltd. , Hawker Siddeley Switchgear Ltd. , Sel S.P.A.
<1 kV , 1 kV – 36 kV , 36 kV – 72.5 Kv, >72.5 kV,
By End User
Transmission & Distribution Utilities , Manufacturing & Process Industries , Commercial & Residential Infrastructure , Others,
MCB & MCCB , Ring Main Unit , Circuit Breakers , Surge Arresters , Fuses
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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