openPR Logo
Press release

Switchgear Market to record substantial gains by 2026 | By key participants Toshiba, ABB, GE, Mitsubishi Electric Systems, Siemens AG

06-02-2020 07:34 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Switchgear Market to record substantial gains by 2026 | By key

The global switchgear market is poised to bring in significant revenue growth with opportunities in residential, commercial, industrial, and utilities sectors. Switchgear is an apparatus which is mostly used for controlling, switching as well as protecting the electrical circuits and equipment. The isolator, fuses, relays, lightning arresters, switches, circuit breaker, control panels, indicating instrument and potential and current transformer are some of the examples of the switchgear devices.

Functions of switchgear include clearing the fault current, carrying the normal load current, and making or breaking the normal load current.

Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/317

The switchgear system is linked to the supply system directly. It is placed in both high and low voltage side of the power transformer. The switchgear is utilized for de-energizing the equipment for testing as well as maintenance and for clearing the fault. When the fault occurs in the power system, usually heavy current flows through equipment due to which the equipment gets damaged, and the service also gets interrupted. In order to protect the lines, transformers, generators, as well as other electrical equipment from damage, switchgear or automatic protective devices are required.

Depending on the voltage levels and economic viability, switchgear can be of two types namely outdoor or indoor types. Among these, the indoor switchgear is generally used for medium voltages and is enclosed in a metal enclosure which is grounded. Indoor switchgear is generally gas insulated system and is employed where the air is dust laden and corrosive, and cost of land is high.

The global switchgear market is segmented in terms of voltage, insulation, installation, current, application, and regional landscape.

Based on voltage, the market is classified into low voltage, medium voltage, and high voltage. Electrical switchgear rated up to 1 KV is low voltage switchgear. The term low-voltage switchgear includes off load electrical isolators, earth leakage circuit breaker, low voltage circuit breakers, switches, MCCB (molded case circuit breakers), HRC fuses, and MCB (miniature circuit breakers).

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/317

Medium voltage switchgear is rated from 3 KV to 36 KV. The main requirement of medium voltage switchgear is to interrupt current during faulty condition regardless of what type of CB is utilized in the medium switchgear system. Voltage power of above 36 KV is referred as high voltage. The main component in high voltage switchgear is the high voltage circuit breaker.

From a regional frame of reference, Middle East & Africa switchgear market will observe growing need for restoration and refurbishment of existing electrical setup and increasing investments throughout energy infrastructure field, thereby augmenting the business growth across the region. Increasing energy demand coupled with large scale urbanization across Latin America is considerably driving the need for the integration of a sustainable electric infrastructure.

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 Switchgear Market to record substantial gains by 2026 | By key participants Toshiba, ABB, GE, Mitsubishi Electric Systems, Siemens AG here

News-ID: 2064390 • Views: 469

More Releases from Global Market Insights, Inc.

Air Compressor Market with COVID-19 impact by Design, Business, Application and …
The global air compressor market size is expected to reach USD 107.5 billion by 2026, progressing at a CAGR 5.2% over the forecast period, according to a new report by Global Market Insights, Inc. Global air compressor market is expected to surpass the valuation of $107.56 billion through 2026.Increasing global demand for industrial refrigeration chillers is set to drive the global air compressor market growth over the forthcoming timeframe. Increasing prominence…
Increasing Need for Proper Animal Nutrition to Foster the Demand for Yeast Marke …
Consider the following pointers: • In 2016, nearly 50 zoo animals were declared dead in the Venezuelan capital of Caracas, mainly due to prolonged starvation or improper nutrition in the feed. • Approximately 350 million tons of meat is being consumed worldwide every year. The above-mentioned figures and statistics are a testament to the fact that lack of proper components in the animal feed can have an influential impact on both animals and…
Vacuum Pumps Market to 202, Future Outlook, COVID-19 Impact Analysis, Forecast 2 …
Vacuum Pumps Market size to Hit $7 Billion by 2026 with CAGR of 7.1% from 2020 to 2026. The vacuum pumps market size is anticipated to surpass USD 7 billion by 2026. The global vacuum pumps market size is anticipated to depict quite an expansion in the years ahead, driven by the robust growth of the electronics and semiconductors sector worldwide. The advent of e-commerce and the rising number research programs…
Conveying Equipment Market size is anticipated to witness healthy growth through …
The conveying equipment market size is expected to exceed more than US$ 65 Billion by 2026; Growing at a CAGR of more than 3.5% in the given forecast period 2020 to 2026. Ongoing investments by top retail players, alongside e-Commerce industry expansion, are expected to give conveying equipment market share a substantial boost over the projected timeframe. For instance, Alibaba Group Holding Ltd. announced the commercial platform expansion to small U.S. businesses…

All 5 Releases


More Releases for Switchgear

Global Medium Switchgear Market | Global Medium Switchgear Industry | Medium Swi …
Medium voltage switchgear market comprises of sales of medium voltage switchgear & related services that manufacture the medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. Medium voltage switchgear is a combination of electrical switches, fuses/circuit breakers used to function, secure and separate electrical equipment. It is used for providing protection to different electric motor control systems that installed in different end user segments. According to study,…
Switchgear
Planet Market Reports has added a report, titled, “Global Switchgear Outlook, For Outdoor Power Market Forecast to 2023.” Planet Market Reports projects that the Switchgear market size will grow from USD 88.49 Billion in 2017 to USD 134.14 Billion by 2023, at an estimated CAGR of 7.18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. Get More Information about this Report…
Indonesia Switchgear Market (2017-2023)-6Wresearch
Market Forecast By Voltage (Low Voltage (< 1kV), Medium Voltage (1 kV – 24 kV) and High Voltage (> 24 kV)), By Insulation (Medium Voltage (AIS, GIS and Others), High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others), Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Infrastructure & Transportation), By Regions (Java, Sumatra, Kalimantan, Sulawesi, Papua…
Medium Voltage Switchgear Market
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide…
Myanmar Switchgear Market (2018-2024)-6Wresearch
Increasing Access to Electrification along with Strengthening Power Sector Would Drive the Myanmar Switchgear Market – 6Wresearch Construction of new housing units, development of several large-scale transportation infrastructure projects as well as strengthening of the power infrastructure in the country are some of the top objectives of the NLD government in Myanmar over the coming years. Initiatives such as the Myanmar National Electrification Plan have been adopted with an aim to…
India Switchgear Market (2017-2022)-6Wresearch
Rising Investments in Power Infrastructure, Government Initiatives and Developing Commercial and Industrial Sectors would boost the Demand for Switchgears in India – 6Wresearch With government’s focus to provide adequate power infrastructure to its citizen, power sector is expected to reflect strong growth in future. Schemes like UDAY, IPDS, DDUGJY and Power for All are the prime pillars which are expected to spur the overall power sector. According to Ministry of Power,…