Press release
Switchgear And Switchboard Apparatus Industry Share 2020, Incredible Growth And Key Driver Analysis Till 2023
The global switchgear and switchboard apparatus market was worth $129.72 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 9.62% and reach $187.32 billion by 2023.
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The switchgear and switchboard apparatus market consist of sales of switchgear and switchboard apparatus and related services that are used in various applications such as transmission and distribution utility, residential, commercial and industrial. A switchgear refers to collection of the switching devices that are used for controlling, protecting, and switching the electrical circuits and equipment. Switchboards refers to the power distribution process system which consists of panels with different switches and indicators to direct and control electricity for functioning in circuits.
The demand for electricity generation is projected to drive the switchgear and switchboard apparatus market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization, urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, the demand for electricity generation is driving the demand for switchgear and switchboard apparatus in the forecast period.
Switchgear And Switchboard Apparatus Market Segmentation: -
By Product Type
1) Switchboard
2) Switchboard
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By End-User
1) Switchboard
2) Commercial
3) Industrial
Few Points From Table Of Content
1. Executive Summary
2. Switchgear And Switchboard Apparatus Market Characteristics
3. Switchgear And Switchboard Apparatus Market Size And Growth
4. Switchgear And Switchboard Apparatus Market Segmentation
5. Switchgear And Switchboard Apparatus Market Regional And Country Analysis
……
25. Switchgear And Switchboard Apparatus Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Switchgear And Switchboard Apparatus Market
27. Switchgear And Switchboard Apparatus Market Trends And Strategies
28. Switchgear And Switchboard Apparatus Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the switchgear and switchboard apparatus market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the switchgear and switchboard apparatus market are ABB Ltd, Toshiba Corporation, Schneider Electric S A, Siemens, Eaton Corporation, Mitsubishi, Powell, Hyosung, CG Power and Industrial Solutions Limited, General Electric Corporation, and China XD Electric Co Ltd.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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