Pad-Mounted Switchgear Market 2019-2024: Eaton, Hubbell, Federal Pacific, S&C Electric, ABB, AZZ and Others.
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The Global Pad-Mounted Switchgear Market is projected to reach USD 7.2 Billion by 2024 from an estimated market size of USD 5.5 Billion in 2019, at a CAGR of 5.4% during the forecast period.
Top Companies Profiled in the Pad-Mounted Switchgear Market:
• Eaton (Ireland)
• Hubbell (US)
• Federal Pacific (US)
• S&C Electric (US)
• G&W Electric (US)
• ABB (Switzerland)
• AZZ (US)
“The IEC segment is expected to dominate the pad-mounted switchgear market in 2019”
The IEC segment is expected to dominate the pad-mounted switchgear market in 2019, owing to the increasing installation of pad-mounted switchgearsin various countries across the globe. The widespread adoption of IEC standard equipment in Europe is responsible for the dominance of the IEC standard in the pad-mounted switchgear market.
“The pad-mounted switchgear, solid dielectric type is expected to grow at the highest rate during the forecast period”
The solid dielectric segment is estimated to grow at the fastest rate of all segments during the forecast period. This growth can be attributed to the restrictions on sulfur hexafluoride (SF6). SF6 has the worst global warming potential of all gases and is largely emitted from the power sector.
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Breakdown of primary participants’ profile:
• By Company Type: Tier I: 60%, Tier II: 20%, and Tier III: 20%
• By Designation: C-Level: 55%, Director Level: 30%, and Others: 15%
• By Region: Asia Pacific: 30%, North America:25%, Europe:20%, South America:15%, and the Rest of the World: 10%
Competitive Landscape of Pad-Mounted Switchgear Market:
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.3 Dynamic Differentiators
2.4 Emerging Players
3 Market Share, 2018
4 Competitive Scenario
4.1 New Product Launches
4.2 Mergers & Acquisitions
4.3 Contracts & Agreements
The report defines, describes, and forecasts the global pad-mounted switchgear market by standard, type, voltage, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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