DUBLIN, September 20, 2017 /PRNewswire/ --
The "Switchgear Market by Voltage ( 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.
Some of the leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), and Schneider Electric SE (France). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Switchgear Market
4.2 Asia Pacific Switchgear Market Size, By Application & Country
4.3 Switchgear Market, By Region
4.4 Switchgear Market, By Equipment, 2017 & 2022
4.5 Switchgear Market, By Voltage, 2016
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Continued Growth of Construction & Developmental Activities
22.214.171.124 Increasing Access to Electricity in Developing Countries
126.96.36.199 Growth in Renewable Power Generation
188.8.131.52 Stringent Environmental & Safety Regulations for Sf6 Switchgears
184.108.40.206 Increasing Competition from the Unorganized Sector of the Switchgear Market
220.127.116.11 Upcoming Smart Cities
18.104.22.168 Aging Power Infrastructure
22.214.171.124 Hvdc Transmission
126.96.36.199 Cyber Security
188.8.131.52 Price Volatility of Raw Materials
6 Switchgear Market, By Voltage
6.2 6.3 1 Kv - 36 Kv
6.4 36 Kv - 72.5 Kv
6.5 >72.5 Kv
7 Switchgear Market, By End User
7.2 Transmission & Distribution Utilities
7.3 Manufacturing & Process Industries
7.4 Commercial & Residential Infrastructure
8 Switchgear Market, By Equipment
8.2 Mcb & Mccb
8.3 Ring Main Unit
8.4 Circuit Breakers
8.5 Surge Arresters
8.7 Motor Control Centers
8.8 Surge Protection Devices
8.9 Gas Insulated Switchgear
8.10 Air Insulated Switchgear
9 Switchgear Market, By Region
10 Competitive Landscape
10.2 Market Ranking, 2016
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Benchmarking
11 Company Profiles
11.2 Abb Ltd.
11.3 Hyosung Corporation
11.4 Alstom Sa
11.5 Cg Power And Industrial Solutions Limited
11.6 Hitachi Ltd.
11.7 Hyundai Heavy Industries Co., Ltd.
11.8 Schneider Electric Se
11.9 Siemens Ag
11.10 Eaton Corporation Plc
11.11 General Electric Company
11.12 Toshiba Corporation
11.13 Mitsubishi Electric Corporation
11.14 Powell Industries, Inc.
11.15 Te Connectivity Ltd.
11.16 Larsen & Toubro Limited
11.17 Elektrobudowa Sa Group
11.18 Zpue S.A.
11.19 Lucy Electric Uk Ltd.
11.20 Hawker Siddeley Switchgear Ltd.
11.21 Sel S.P.A.
For more information about this report visit https://www.researchandmarkets.com/research/vqlkpx/switchgear_market
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