Press release
Switchgear Market Outlook to 2023 – ABB, Hyosung, Alstom, CG Power and Industrial Solutions, Hitachi, Hyundai Heavy Industries, Schneider Electric, Siemens, Eaton, General Electric, Toshiba, Mitsubishi Electric, Powell Industries
Switchgear Market
Switchgear is the combination of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment.
One of the basic functions of switchgear is protection, which is interruption of short-circuit and overload fault currents while maintaining service to unaffected circuits. Switchgear also provides isolation of circuits from power supplies. Besides, switchgear is also used to enhance system availability by allowing more than one source to feed a load.
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Over the next five years, Research Reports Inc. projects that Switchgear will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Switchgear market by product type, application, key companies and key regions.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Major Market Players
ABB
Hyosung
Alstom
CG Power and Industrial Solutions
Hitachi
Hyundai Heavy Industries
Schneider Electric
Siemens
Eaton
General Electric
Toshiba
Mitsubishi Electric
Powell Industries
TE Connectivity
Larsen & Toubro
Elektrobudowa
Zpue
Lucy Electric
Hawker Siddeley Switchgear
Sel
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Research objectives
To study and analyze the global Switchgear market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Switchgear market by identifying its various subsegments.
Focuses on the key global Switchgear players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Switchgear with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Switchgear submarkets, with respect to key regions (along with their respective key countries).
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