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Global Switchboard Market | SWOT Analysis, Revenue Generation, Estimated Growth, Demand Drivers, And Forecast To 2030
Switchboards Market
The switchboard market report describes and explains the global switchboard market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The switchboard market consists of sales of switchboards and related services for the distribution of electricity from one electrical source to another electrical source. Switchboards refer 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 global switchboard market is expected to grow from $30.95 billion in 2020 to $37.12 billion in 2021 at a compound annual growth rate (CAGR) of 19.9%. 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 $54.62 billion in 2025 at a CAGR of 10%.
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Some of the major players of the switchboard market are ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, GEDAC ELECTRIC, Kounis, Aussie Switchboards, CandS Electric, Merriam-Webster, GE, Nilsen, Leoni, Mastervolt, Eaton, CUBIC, ROMAC, Rolla, IEM, CandS Electric.
The countries covered in the global switchboard 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 switchboard market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global switchboard market is segmented -
1) By Type: Low-Voltage, Middle-Voltage, High-Voltage
2) By End Users: Industrial, Residential, Commercial, Other
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Few Points From Table Of Content
1. Executive Summary
2. Switchboards Market Characteristics
3. Switchboards Market Trends And Strategies
4. Impact Of COVID-19 On Switchboards
5. Switchboards Market Size And Growth
…
26. Africa Switchboards Market
27. Switchboards Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Switchboards Market
29. Switchboards Market Future Outlook and Potential Analysis
30. Appendix
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