Press release
Switchgear Market COVID-19 Impact, Future Growth Trends By Top Key Players And Forecast 2025
The global switchgear market is expected to grow from $87.86 billion in 2020 to $94.25 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $124.33 billion in 2025 at a CAGR of 7%.The Business Research Company offers "Switchgear Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.
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The switchgear market consists of sales of switchgears and related services that are used in various applications such as in 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.
Some of the key players involved in the switchgear market are Schneider Electric, Siemens AG, ABB, General Electric, Eaton Corporation, Hyosung, CG Power, Mitsubishi, Alstom SA, Bharat Heavy Electricals Ltd., Hyundai, Hitachi, Toshiba, Powell, Larsen & Toubro, Hubbell, Lucy Electric, Fuji Electric, Bharat Heavy Electricals Ltd., Havells India Limited, Elektrobudowa, SEL, Xian XD Switch Gear Electric Co. Ltd., OJSC Power Machines, Crompton Greaves Ltd., Kirloskar Electric Co.Ltd., CG Power and Industrial solutions Limited, E+I Engineering.
The countries covered in the global switchgear market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global switchgear market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Switchgear Market Segmentation:
1) By Product Type: High Voltage, Medium Voltage, Low Voltage
2) By End-User: Residential, Commercial, Industrial
3) By Insulation: Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), Others
4) By Installation: Indoor, Outdoor
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A Few Points From The Table Of Content
1. Executive Summary
2. Switchgear Market Characteristics
3. Switchgear Market Size And Growth
4. Switchgear Market Segmentation
5. Switchgear Market Regional And Country Analysis
……
27. Switchgear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Switchgear Market
29. Switchgear Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the switchgear 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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