Press release
What's driving the Switchgear Market growth? Key Players are: GE, Mitsubishi Electric Systems, EATON, Schneider Electric, BHEL, Toshiba, Crompton Greaves, Hubbell power systems, Hitachi, Powell Industries
Switchgear market is likely to witness an appreciable growth map over the years ahead, primarily on account of the substantial contribution of the industry players. Recently, ABB, the world’s largest builder of electricity grids outlined a plan to expand the company’s capacity by opening a new 2,200 square meter facility in Southern Africa. This facility is likely to fulfil the requirement of low & high voltage switchgears and medium voltage products over the years ahead.
387 pages
604 market data tables
25 figures & charts
Get a Sample Copy of this Report@
https://www.gminsights.com/request-sample/detail/317
In addition to this, ABB is willing to launch distribution transformers in the South African marketplace. The installation of this new facility will also prove to be useful for neighbor countries such as Zambia and Angola. ABB’s widespread experience in automation and power technologies will help in the development of enhanced power grids across Africa, thereby creating an impact on the global switchgear market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Growth drivers
1. Siemens
2. ABB
3. GE
4. Mitsubishi Electric Systems
5. EATON
6. Schneider Electric
7. BHEL
8. Toshiba
9. Crompton Greaves
10. Hubbell power systems
11. Hitachi
12. Powell Industries
13. Fuji Electric
14. Hyosung
15. Rittal
16. Hyundai Ideal Electric
17. Larson & Turbo
18. Ormazabal and Iljin Electric.
Many other switchgear industry players such as Mitsubishi Electric, GE, Siemens AG, Powell Industries, Schneider Electric, EATON, Hitachi Ltd., Larson & Turbo, Bharat Heavy Electricals Ltd., Fuji Electric, Ormazabal, Toshiba, Meidensha Corporation, Hyundai Ideal Electric Co., Crompton Greaves, and Rittal are also contributing significantly toward the growth of this market. Most of the companies are focusing on new developments in switchgear technologies to increase the service life of the equipment. Mitsubishi Electric, in fact, was the world’s first company to develop environment friendly, low pressure dry air insulation technology.
Switchgear Market, By Voltage
• Low (LV)
• Medium (MV)
• High (HV)
Reports suggest that in 2017, vacuum insulation covered more than 50% of the overall switchgear industry share, driven by the increasing need to maintain safety in power networks. Furthermore, this type of insulation offers flexible power frequencies and possesses high impulse to withstand voltages. Vacuum insulation also boasts of ease of usage and noise and pollution free operation, paving the way for vacuum insulation switchgear market to garner appreciable gains ahead.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/317
The implementation of switchgears in power networks helps to provide cost-effective and reliable distribution & transmission of electric energy. The ever growing demand for electricity has fueled the need for electric system installations on a large scale. The governments of various countries are investing heavily to enhance the current energy grid capacity, which will influence switchgear industry share positively. To avoid the chances of short circuits, there is huge requirement for interrupting breakers, high capacity transformers, and switchgear ratings as well, which will serve to augment the business expansion.
Various international financial institutions such as the World Bank, International Finance Corporation (IFC), and Asian Development Bank (ADB) have taken initiatives to expand the electricity access across the remote regions of the world, which may impact the economic and social growth of the region. As per a recent news onboard, ADB invested USD 57.7 million in Southeast Asia to utilize renewable energy on large scale. Shifting focus toward the development of renewable energy and rural electrification projects is expected to propel switchgear market share over the coming timeframe.
The directive validates the immense role that regulatory bodies and industry contenders have to play toward the growth of the overall switchgear market, via profound initiatives and efforts to develop low carbon energy technologies. As per a report by Global Market Insights, Inc., worldwide switchgear market will surpass a revenue collection of USD 140 billion by the end of 2024 with an annual growth rate of more than 6% over 2018-2024.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/switchgears-market
Report Content
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 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
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
3.4.5 Germany
3.4.5.1 (IEC 62271-200: 2011); German version EN 62271-200: 2012
3.4.5.2 EU regulation of fluorinated greenhouse gases and HFCs
3.4.5.3 National regulation of fluorinated greenhouse gases and HFCs
3.4.6 France
3.4.6.1 Directive 96/92/EC
3.4.6.2 Directive 2003/54/EC
3.4.6.3 Directive 2009/72/EC
3.4.7 Russia
3.4.7.1 Technical Regulations (TR TC 032/2013)
3.4.8 China
3.4.8.1 The Electric Power Law of the People's Republic of China
3.4.8.2 China Compulsory Certification (CCC Marking) - Low Voltage Switchgear Products
3.4.8.3 13th Five-year Plan
3.4.9 Korea
3.4.10 India
3.4.10.1 Indian Electrical Equipment Industry Mission Plan 2012-2022
3.4.11 Japan
3.4.11.1 Electricity Deregulation
3.4.11.2 Development wide-area electrical grids
3.4.11.3 Liberalization of power generation
3.4.11.4 Neutralization of power transmission and distribution sector
3.5 Innovation & technology landscape
3.6 Industry trends and outlook
3.6.1 1995 to 2005
3.6.2 2005 to 2010
3.6.3 2010 to 2016
3.6.4 Prospects
3.7 Protection equipment (low & high voltage) import/export trends
3.7.1 Low voltage protection equipment
3.7.2 High voltage protection equipment
3.8 Product trends
3.8.1 Miniature circuit breakers (MCB)
3.8.2 Residual Circuit Breaker with Overload (RCBO)
3.8.3 Residual Current Circuit Breakers (RCCB)
3.8.4 Molded Case Circuit Breakers (MCCB)
3.8.5 Air Circuit Breakers (ACB)
3.8.6 Control gears
3.9 Transmission network USD breakdown
3.10 Transmission & Distribution loss trends
3.11 Major Transmission Project Landscape
3.11.1 North America
3.11.2 Latin America
3.11.3 Asia Pacific
3.11.4 Europe
3.11.5 Middle East & Africa
3.12 Industry impact forces
3.12.1 Growth drivers
3.12.1.1 Favorable government initiatives/targets toward renewable energy integration
3.12.1.1.1 Renewable Energy Targets
3.12.1.2 Growing electricity demand
3.12.1.3 Rising investments in rural electrification and expansion of microgrid networks
3.12.1.3.1 Investments toward rural electrification (2016 to 2017):
3.12.1.4 Increasing infrastructural spending
3.12.1.4.1 Infrastructure spending (2016 to 2017):
3.12.2 Industry pitfalls and challenges
3.12.2.1 Increasing cost of raw materials
3.13 Growth potential analysis
3.14 Key customer requirement
3.15 Customer group requirement
3.15.1 Residential & Commercial
3.15.2 Industrial
3.16 Entry barrier
3.17 Competitive landscape, 2017
3.17.1 Strategy dashboard
3.17.1.1 ABB
3.17.1.2 Toshiba
3.17.1.3 General Electric
3.17.1.4 Siemens
3.17.1.5 Schneider Electric
3.17.1.6 Hitachi Limited
3.17.2 Mergers and acquisitions landscape
3.17.2.1 Schneider Electric
3.17.2.2 ABB
3.17.2.3 Mitsubishi Electric
3.17.2.4 Hitachi
3.17.2.5 Eaton
3.17.2.6 L&T Technology Services
3.17.2.7 Meidensha
3.18 Porter’s Analysis
3.19 PESTEL Analysis
Chapter 4 Switchgear Market, By Voltage
4.1 Switchgear market share by voltage, 2017 & 2024
4.2 LV
4.2.1 Global market from LV, 2013 - 2024
4.2.2 Global market from LV, by region, 2013 - 2024
4.3 MV
4.3.1 Global market from MV, 2013 - 2024
4.3.2 Global market from MV, by region, 2013 - 2024
4.4 HV
4.4.1 Global market from HV, 2013 - 2024
4.4.2 Global market from HV, by region, 2013 - 2024
Chapter 5 Switchgear Market, By Insulation
5.1 Switchgear market share by insulation, 2017 & 2024
5.2 Air
5.2.1 Global market from Air, 2013 - 2024
5.2.2 Global market from Air, by region, 2013 - 2024
5.3 Gas
5.3.1 Global market from Gas, 2013 - 2024
5.3.2 Global market from Gas, by region, 2013 - 2024
5.4 Oil
5.4.1 Global market from Oil, 2013 - 2024
5.4.2 Global market from Oil, by region, 2013 - 2024
5.5 Vacuum
5.5.1 Global market from Vacuum, 2013 - 2024
5.5.2 Global market from Vacuum, by region, 2013 - 2024
5.6 Others
5.6.1 Global market from Others, 2013 - 2024
5.6.2 Global market from Others, by region, 2013 - 2024
Chapter 6 Switchgear Market, By Installation
6.1 Switchgear market share by installation, 2017 & 2024
6.2 Indoor
6.2.1 Global market from Indoor, 2013 - 2024
6.2.2 Global market from Indoor, by region, 2013 - 2024
6.3 Outdoor
6.3.1 Global market from Outdoor, 2013 - 2024
6.3.2 Global market from Outdoor, by region, 2013 - 2024
Browse complete table of content of this report @
https://www.gminsights.com/toc/detail/switchgears-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
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 What's driving the Switchgear Market growth? Key Players are: GE, Mitsubishi Electric Systems, EATON, Schneider Electric, BHEL, Toshiba, Crompton Greaves, Hubbell power systems, Hitachi, Powell Industries here
News-ID: 1780233 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
