Switchgear Market to Witness Huge Growth by Key Players: ABB, Siemens, Schneider Electric, GE, Eaton and Others.

According to Market Study Report, Switchgear Market provides a comprehensive analysis of the Switchgear Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Switchgear Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Switchgear Market size will grow to USD 88.5 Billion by 2025 (forecast year) from USD 67.5 Billion in 2020 (estimated year), at a post COVID-19 CAGR of 5.5% during the forecast period.

Top Companies Profiled in the Switchgear Market:
• ABB (Switzerland)
• Siemens (Germany)
• Schneider Electric (France)
• GE (US)
• Eaton (Ireland)

“The >36 kV segment, by voltage, is expected to be the largest switchgear market during the forecast period”
The >36 kV segment is considered in the medium to high voltage range and primarily used in T&D sub-stations, heavy industries, mining, railway, and commercial infrastructure. The equipment used in the >36 kV switchgear segment includes medium and high voltage circuit breakers, AIS, and hybrid switchgears.

“The outdoor segment, by installation, is expected to be the fastest growing market from 2020 to 2025”
Outdoor gas-insulated switchgears are designed to be installed in an open environment, unlike indoor gas-insulated switchgears. The outdoor gas-insulated switchgear is constructed in such a way that all the apparatus can be protected against harsh environmental conditions, including windstorms or sandstorms, which include possible contamination.

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“Asia Pacific: The largest growing region in the switchgear market.”
Asia Pacific is expected to dominate the global switchgear market between 2020 and 2025.As per the Indian Electrical and Electronics Manufacturer Association (IEEMA), the electricity generation capacity is expected to increase from 200 GW in 2010 to over 800 GW by 2032 to fulfill the increasing demand of customers.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
• By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
• By Region: Asia Pacific- 25%, Middle East & africa– 35%, Europe- 18%, North America- 13%, and South America- 9%

Competitive Landscape of Switchgear Market:
1 Overview
2 Company Evaluation Matrix Definitions And Methodology
2.1 Stars
2.2 Emerging Leaders
2.3 Pervasive
2.4 Emerging Companies
3 Market Share Analysis, 2019
4 Competitive Scenario
4.1 New Product Launches
4.2 Mergers & Acquisitions
4.3 Contracts & Agreements
4.4 Investments & Expansions
4.5 Others

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Study Coverage:
The report defines, describes, and forecasts the switchgear market, by service, intervention insulation,installation,voltage, end-user,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.

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This release was published on openPR.