DUBLIN, Jan. 29, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/lrn3gt/switchgear_market) has announced the addition of the "Switchgear Market in China 2015-2019" report to their offering.
A switchgear is a combination of several components such as switches and circuit breakers that are used to control and distribute electric current to end-users. The use of switchgears enables the continuous transfer of electric current and protection against current overload, short circuit, and insulation failure.
It provides safe isolation from current-driven parts and modifies a load-carrying system at each level of installation. Switchgears are divided into three types based on load-bearing capacity: Low-voltage switchgears, medium-voltage switchgears, and high-voltage switchgears. Switchgears are used across various sectors such as Commercial, Residential, Industrial, and Utilities.
The analysts forecast the Switchgear market in China to grow at a CAGR of 10.69 percent over the period 2014-2019.
The Switchgear market in China can be segmented into three product segments: Low-voltage Switchgear, Medium-voltage Switchgear, and High-voltage Switchgear.
The report, the Switchgear Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers China; it also covers the China's Switchgear market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Availability of high-voltage switchgears for direct transmission is one major trend in this market. Increased demand for high-voltage switchgear and the need for HVDC transmission over long distances have led to the development of 320 kV switchgears. Local and regional vendors are now focusing on developing high-voltage switchgears for direct current transmission in China.
According to the report, increased construction of power grids has contributed to the growth of the Switchgear market in China. Increased investment in the power sector by the government of China has led to the construction of power grids. Switchgears are used in power grids for transferring current from the generation plant to the interconnected network and then to the consumers.
Further, the report states that the major challenge faced by this market is the availability of low-quality switchgears in the market. Increased investment made by large international vendors in R&D has led to the development of highly effective and efficient switchgears in the market. Local and regional vendors do not have sufficient capital to develop such products, leading to availability of poor-quality switchgears in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
- Schneider Electric
- China XD Electric
- Mitsubishi Electric
- Sunten Electric Equipment
- Yangzhou SAC Switchgear
For more information visit http://www.researchandmarkets.com/research/lrn3gt/switchgear_market
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SOURCE Research and Markets