Press Release

Switchgear Market Analysis, Insights And Geography Forecast Till 2025 | Fortune Business Insights

Top Players in Switchgear Market are ABB, Alfanar, C&S Electric, CHINT Group, Eaton, COELME S.p.A, Fuji Electric, Guangdong Zhujiang Switchgear, HPL India, Hager, Hangzhou Zhejiang Switchgear, Havells, Hitachi, L&T, Legrand, Mitsubishi Electric Corporation, Rockwell Automation, Schneider, Siemens, Terasaki, LSIS, Hyosung, and Toshiba Corporation

The global switchgears market is likely to derive growth from the increasing product variations and availability in a wide range of voltages and power ratings. According to a report published by Fortune Business Insights, titled “Switchgear Market Size, Share & Industry Analysis, By Insulation (Gas, Air, Oil, Vacuum), By Voltage (Low, Medium, High), By End-User (T&D Utility, Industrial, Commercial & Residential), By Installation (Indoor, Outdoor) and Regional Forecast, 2019-2026,” the market was valued at USD 98.08 Billion in 2018 is projected to reach USD 168.17 Billion by 2026, exhibiting a CAGR of 6.84% during the forecast period.

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Top Players

  • ABB
  • Schneider Electric
  • Hitachi
  • Kirloskar Electric Co. Ltd.
  • Hubbell Incorporated
  • Mitsubishi Electric
  • Siemens Energy
  • Toshiba International Corporation
  • CG Power and Industrial Solutions Limited
  • Fuji Electric Co., LTD.
  • Powell
  • L&T Electrical & Automation
  • HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD.
  • Hyosung Corporation
  • Lucy Electric
  • E+I Engineering

Key Market Driver

  • Growing demand in transmission & distribution infrastructure in emerging economies.
  • Emerging Small and Medium enterprises market in different sectors.

Key Market Restraint

  • Fluctuations in the availability of raw materials poses threat to stable prices and production costs.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/switchgear-market-100815

Switchgears are used in electric power system that functions as circuit breakers. Switchgears are used to disconnect fuses and set of switches in cases of malfunction or failures. In operations that involve high voltages and current flow, safety becomes an integral part of the overall functioning. In addition to safety, switchgears can be used to avoid the flow of overvoltage an overcurrent and avoid short circuits and circuit failures, thereby minimizing undesired financial burden. The switch gears play an important part in transferring electricity from substations and power stations to domestic and industrial places. The growing emphasis on transferring power and making electricity available to rural places by government and public organizations will contribute to the demand and subsequent adoption for switchgears in several countries across the world.

Segmentation

1. By Voltage Type

  • Medium Voltage Switchgear
  • High Voltage Switchgear

2. By Application

  • Residential
  • Industrial
  • Commercial

3. By End-Use Industry

  • Oil & Gas
  • Chemical
  • Food
  • Pharmaceutical
  • Marine
  • Others

4. By Geography

  • North America (the USA, Canada and Rest of North America)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Table of Content

5. Global Switchgear Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights, and Forecast – By Insulation (USD Billion)
5.2.1. Gas
5.2.2. Air
5.2.3. Oil
5.2.4. Vacuum
5.3. Market Analysis, Insights, and Forecast – By Installation (USD Billion)
5.3.1. Indoor
5.3.2. Outdoor
5.4. Market Analysis, Insights and Forecast – By Voltage (USD Billion)
5.4.1. Low
5.4.2. Medium
5.4.3. High
5.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
5.5.1. T&D Utility
5.5.2. Industrial
5.5.3. Commercial & Residential
5.6. Market Analysis, Insights and Forecast – By Region (USD Billion)
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East and Africa
5.6.5. Latin America
6. North America Switchgear Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights, and Forecast – By Insulation (USD Billion)
6.2.1. Gas
6.2.2. Air
6.2.3. Oil
6.2.4. Vacuum
6.3. Market Analysis, Insights, and Forecast – By Installation (USD Billion)
6.3.1. Indoor
6.3.2. Outdoor
6.4. Market Analysis, Insights and Forecast – By Voltage (USD Billion)
6.4.1. Low
6.4.2. Medium
6.4.3. High
6.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
6.5.1. T&D Utility
6.5.2. Industrial
6.5.3. Commercial & Residential
6.6. Market Analysis, Insights and Forecast – By Country (USD Billion)
6.6.1. U.S.
6.6.2. Canada
7. Europe Switchgear Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights, and Forecast – By Insulation (USD Billion)
7.2.1. Gas
7.2.2. Air
7.2.3. Oil
7.2.4. Vacuum
7.3. Market Analysis, Insights, and Forecast – By Installation (USD Billion)
7.3.1. Indoor
7.3.2. Outdoor
7.4. Market Analysis, Insights and Forecast – By Voltage (USD Billion)
7.4.1. Low
7.4.2. Medium
7.4.3. High
7.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
7.5.1. T&D Utility
7.5.2. Industrial
7.5.3. Commercial & Residential
TOC Continued….!

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