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Global Switchgear And Switchboard Apparatus Market Report Size, Share, Growth Survey 2021 To 2030
Switchgear And Switchboard Apparatus Market
The switchgear and switchboard apparatus market report describes and explains the global switchgear and switchboard apparatus 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 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 global switchgear and switchboard apparatus market is expected to grow from $118.81 billion in 2020 to $131.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. 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 switchgear and switchboard apparatus market is expected to reach $178.95 billion in 2025 at a CAGR of 8%.
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Some of the major players of the switchgear and switchboard apparatus market are ABB, Schneider Electric, General Electric, Siemens, Eaton Corporation, Mitsubishi, Powell, Hyosung, CG Power and Industrial Solutions Limited, Toshiba, Bharat Heavy Electricals Ltd., Alstom SA, GEDAC ELECTRIC, Kounis, Merriam-Webster, Aussie Switchboards, Larsen & Toubro, Elektrobudowa, Hubbell, Lucy Electric, SEL, Fuji Electric, IEM, CandS Electric, CUBIC, ROMAC, Rolla, Nilsen, Leoni, Mastervolt, Hyundai.
The countries covered in the global switchgear and switchboard apparatus 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 and switchboard apparatus market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global switchgear and switchboard apparatus market is segmented -
1) By Product Type: Switchboard, Switchgear
2) By End-User: Residential, Commercial, Industrial
3) By Application: Industry, Manufacture, Others
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Few Points From Table Of Content
1. Executive Summary
2. Switchgear And Switchboard Apparatus Market Characteristics
3. Switchgear And Switchboard Apparatus Market Trends And Strategies
4. Impact Of COVID-19 On Switchgear And Switchboard Apparatus
5. Switchgear And Switchboard Apparatus Market Size And Growth
....
26. Africa Switchgear And Switchboard Apparatus Market
27. Switchgear And Switchboard Apparatus Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Switchgear And Switchboard Apparatus Market
29. Switchgear And Switchboard Apparatus Market Future Outlook and Potential Analysis
30. Appendix
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