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The Global Switchboard Market Was Valued At $120 Billion In 2017 According To TBRC’s Latest Report

08-14-2018 12:58 PM CET | Industry, Real Estate & Construction

Press release from: The Business research company

The Global Switchboard Market Was Valued At $120 Billion In 2017

Switchboard consists of one or more panels with various switches and indicators used to direct electricity and operate circuits. Bus bars inside switchboards are flat strips of copper or aluminum used to carry large currents through the switchboards.

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https://www.thebusinessresearchcompany.com/report/switchboard-global-market-report-2018

The global switchboard market was valued at $120 billion in 2017, and is expected to be driven as the manufacturers are providing smart home products and home automation devices. These devices help in optimum utilization of resources which increases the demand for the product. Asia Pacific was the largest geographic region in the market, accounting for more than half of the global market share.

Download a sample of the report at
https://www.thebusinessresearchcompany.com/sample.aspx?id=546&type=smp

China was the largest country in the market, accounting for two-fifth of the global switchboard market share. China was followed by India and Japan as the next largest countries in the market.

The top five competitors in the market are ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric S.A., Emerson Process Management, and Rockwell Automation. ABB Ltd was the largest player in the market. ABB Ltd is headquartered in Zürich, Switzerland. The company operates mainly in robotics, power, heavy electrical equipment’s, and automation technology areas.

About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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Americas: +1 315 623 0293
Email: info@tbrc.info

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