Press release
Load Break Switch Market is Projected to Witness 5.25% CAGR with Leading Key Players: ABB , Eaton , Schneider , GE, Siemens , Socomec , Rockwell Automation
The global load break switch market was valued at USD 1.98 billion in 2017, and the market is expected to witness a steady growth rate during the forecast period. Load break switches are devices that are designed to enable transmission or stoppage of specific types of current. This enables safe operations of the power system and protects the grid from blackouts. The global load break switch market has been segmented based on type, voltage type, installation type, end-use industries, and region. Based on type, the load break switch is further classified into gas-insulated, vacuum-insulated, air-insulated, and oil-immersed types.
As per MRFR study, the Asia Pacific region will dominate the load break switch market as the region is witnessing rapid power generation project implementations. With countries, such as China, India, Indonesia, and Malaysia, investing in major power generation and grid upgrade plans, the region is expected to command a major share of the market. In addition to this, aging grid infrastructure in countries, such as the U.K, Germany, and France, is expected to drive the market growth in the Europe region.
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Global Load Break Switch Market is projected to witness 5.25% CAGR during the forecast period.
Leading Key Players:-
The key players of the global Load Break Switch market are ABB (Switzerland), Eaton (Ireland), Schneider (France), GE (U.S.), Siemens (Germany), Socomec (France), Rockwell Automation (U.S.), Fuji Electric (Japan), Powell Electric (U.S.), and Ensto (Finland).
Major Points From TOC:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Load Break Switch Market, By Type
5.1 Introduction
5.2 Gas-Insulated
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Vacuum-Insulated
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Air-Insulated
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
5.5 Oil-Immersed
5.5.1 Market Estimates & Forecast, 2017-2023
5.5.2 Market Estimates & Forecast By Region, 2017-2023
Continued......
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Global Load Break Switch Market Analysis:-
The Asia Pacific region is expected to dominate the market for global load break switches. With major power generation projects and grid upgrade projects being implemented in countries such as China, India, and Indonesia, the market is projected to grow rapidly in the region. With remote grid access being another major agenda in these countries, remote power generations projects also contribute to the growth of the load break switch markets. The market is expected to witness a huge opportunity through the digitization of the utility sector. The Europe region is expected to command the second largest market share with major countries in the region focusing on grid upgrade projects.
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