Global Switchgear Market Brief Analysis by Top Key Players - Siemens, GE, EATON, Mitsubishi Electric Systems, Hyosung, Fuji Electric, Schneider Electric, Toshiba, BHEL, Hitachi, Crompton Greaves, Powell Industries

Market Study Report recently introduced new title on “2018-2024 Global Switchgear Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Switchgear Market will surpass USD 140 billion by 2024. Rising investments toward the infrastructure expansion across developing nations will enhance the industry growth. Increasing demand for advanced monitoring units and control distribution systems coupled with replacement and modernization of ageing power networks will further stimulate the business landscape. The Government of Serbia in collaboration with the Government of China entered into a strategic partnership to upgrade its existing electrical grid infrastructure.

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China switchgear market is set to surpass USD 20 billion by 2024. Government initiatives pertaining to substitution of conventional energy sources with clean and sustainable energy resources will complement the industry landscape. The National Energy Administration, in 2017, announced to strengthen the sustainable power generation technologies across China with an expenditure worth USD 326.40 billion by 2020.

Paradigm shift toward energy conservation and strict environmental regulations will boost the growth of the global switchgear market. Rapid technological advancements in smart grid and growing focus toward energy efficient environment will further boost the product penetration. In 2017, Western European nations including France, UK, Germany, Sweden and Italy together, declared a cumulative funding worth USD 133.7 billion for the expansion of smart grid network.

Rational measures toward the electrification of rural regions in Asia Pacific and Africa sustained by growing investments from financial institutions including Asian Development Bank (ADB) and the World Bank will uphold the global switchgear market share. Refurbishment of power grids in war affected regions of Sudan, Iraq and Syria will further energize the industry outlook. The World Bank, in 2017, announced to invest USD 4 million in accordance to Rural Electrification Project II in Vanuatu for the development of power grid infrastructure in the Pacific Island.

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Growing demand for restoration of existing infrastructure along with robust deployment of modern distribution networks will positively influence the U.S. switchgear market share. Rising investments in the projects pertaining to railroad infrastructure supported by government-assisted peninsula grid project will propel the industry dynamics. The U.S. Federal Administration, in 2017, announced to allocate USD 100 million toward the development of rail networks in San Carlos within the Peninsula Corridor Project.

Eminent players in the switchgear market include ABB, Siemens, GE, EATON, Mitsubishi Electric Systems, Schneider Electric, Toshiba, BHEL, Hitachi, Crompton Greaves, Powell Industries, Hubbell power systems, Hyosung, Fuji Electric, Rittal, Larson & Toubro, Hyundai Ideal Electric, Iljin Electric and Ormazabal.

Table of Contents

Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources

Chapter 2 Executive Summary
2.1 Switchgear market 360 degree 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
3.4 Regulatory landscape
3.4.1 U.S.
3.4.1.1 Sulphur Hexafluoride (SF6)
3.4.1.2 Key Elements of the Regulation
3.4.1.3 Environmental Objectives
3.4.1.4 Affected Entities
3.4.2 Canada
3.4.2.1 C22.2 NO. 31-14 - Switchgear assemblies
3.4.3 Europe
3.4.3.1 EU-F-Gas-regulation 842/2006
3.4.3.2 Recovery
3.4.4 UK
3.4.4.1 Disposal & post-maintenance
3.4.4.2 EU Directive 96/59/EC -Disposal of Polychlorinated Biphenyls and Polychlorinated Terphenyls

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