Switchgear Market a Comprehensive Analysis | Key Players - Mitsubishi Electric Systems, Schneider Electric, Toshiba, ABB, GE, Siemens AG, Larson & Turbo, Hitachi Ltd
China market size is set to reach over USD 20 Billion by 2024. Initiatives taken by the Government corresponding to substitution of conventional sources of energy with sustainable and clean energy resources will strengthen the industry outlook. In 2017, as broadcasted by National Energy Administration, amplification of renewable power generation technologies across China to involve an expenditure worth USD 326.38 Billion by 2020.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/317
Paradigm shift towards conservation of energy and stringent environmental regulations will fuel the growth of the global market. Swift advancement in smart grid technologies and increasing focus towards energy efficient environment will further embark the product demand. In 2017, Western European countries including UK, France, Germany, Italy and Sweden together, declared a cumulative investment of USD 133.7 Billion for smart grid network expansion.
Vacuum insulation in 2017, retained over half of the switchgear market share, attributable towards the growing demand for HVDC transmission networks across the industrial sector. Compared to its counterparts, the high insulation and effective di-electric strength coupled with cutthroat installation costs will further energize the product trade. Toshiba estimated an investment of USD 30 Million towards extension of its switchgear and transformers manufacturing capacities in 2017 across India.
Pragmatic measures toward electrification of rural regions across Africa and Asia Pacific sustained by increasing investments from financial institutions including the World Bank and Asian Development Bank (ADB) will uphold the global market size. Restoration of electrical grids across the war affected regions of Syria, Sudan and Iraq will further complement the industry growth. In 2017, the World Bank announced an investment worth USD 4 Million in coherence to the Rural Electrification Project II across Vanuatu for the expansion of electric grid infrastructure across the Pacific Island.
Soaring demand for refurbishment of maturing infrastructure coupled with robust adoption of modern distribution networks will bring positive impact on the U.S. market size. Increasing investments in the railroad infrastructure projects backed by government-backed peninsula corridor project will enhance the industry dynamics. In 2017, The U.S. Federal Transit Administration revealed an investment worth USD 100 Million towards development of rail networks in California under the Peninsula Corridor Electrification Project in San Carlos.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/317
Switchgear Market, By Voltage
Switchgear Market, By Insulation
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
188.8.131.52 Paid sources
184.108.40.206 Public sources
Chapter 2 Executive Summary
2.1 Switchgear market 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Voltage trends
2.1.4 Insulation trends
2.1.5 Installation trends
2.1.6 Current trends
2.1.7 Application trends
Chapter 3 Switchgear Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Billion)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Explore Our Blog @ http://algosonline.com/news
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Switchgear Market a Comprehensive Analysis | Key Players - Mitsubishi Electric Systems, Schneider Electric, Toshiba, ABB, GE, Siemens AG, Larson & Turbo, Hitachi Ltd here
News-ID: 1137647 • Views: 1009
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Switchgear
GCC Medium Voltage Switchgear Market (2017-2023)
Increasing infrastructure development activities, rising commercial sector and large scale investments in the power transmission & distribution network are the major factors that would drive the market of medium voltage switchgear market in GCC region. According to 6Wresearch, GCC Medium Voltage Switchgear Market is projected to reach $1.4 Billion by 2023. Medium voltage switchgear market in GCC has witnessed robust growth over the past five years due to growing electricity
Planet Market Reports has added a report, titled, “Global Switchgear Outlook, For Outdoor Power Market Forecast to 2023.” Planet Market Reports projects that 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. Get More Information about this Report
Thailand Switchgear Market (2018-2024)-6wresearch
Expanding Power Generation Capacity, Rising Infrastructure Development Along with Government Initiatives towards Industrial Growth Would Fuel Thailand Switchgear Market During the 2018-24 - 6Wresearch Government initiatives such as Power Development Plan and Alternative Energy Development Plan aims to increase Thailand's power generation and transmission capacity in order to cope up with growing energy demand. With development of Power transmission and distribution network, demand for switchgear would also surge over the next
Medium Voltage Switchgear Market
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide
Myanmar Switchgear Market (2018-2024)-6Wresearch
Increasing Access to Electrification along with Strengthening Power Sector Would Drive the Myanmar Switchgear Market – 6Wresearch Construction of new housing units, development of several large-scale transportation infrastructure projects as well as strengthening of the power infrastructure in the country are some of the top objectives of the NLD government in Myanmar over the coming years. Initiatives such as the Myanmar National Electrification Plan have been adopted with an aim to
Cambodia Switchgear Market (2018-2024)-6Wresearch
Expansion in Power Transmission and Distribution Network, Growing Construction Industry Along with Rising Commercial Sector Would Fuel the Growth of Switchgear During 2018-24 - 6Wresearch Power transmission and distribution network in Cambodia is anticipated to witness significant growth on account of power sector development initiatives such as Power to the Poor Program, Rural Electrification Initiative and Solar Home System Program. Additionally, development of new commercial and residential projects and growing urbanization