Isolation Switchgear Market 2021 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027 - Siemens AG, ABB, Schneider Electric, General Electric

The Isolation Switchgear Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Isolation Switchgear Market Size is Projected to Reach at a CAGR of 10% during 2021-2027.

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Top Leading Companies:

Siemens AG, ABB, Schneider Electric, General Electric, Eaton Corporation, CG Power, Toshiba, Powell, Elektrobudowa, Larsen & Toubro, Lucy Electric, SEL, Fuji Electric, Hyosung, Hyundai, Hubbell

Recent Developments

In March 2020, ABB was awarded a contract by El Sewedy Electric T&D to deliver high-voltage gas-insulated switchgear along with shunt reactors to ensure a reliable power supply.
In February 2020, Schneider Electric expanded its Leeds and Scarborough manufacturing facilities in the UK to meet the growing demand for renewable technology. The Leeds and Scarborough sites are specialized in the production of low-, medium-, and high-voltage switchgear.
In January 2020, Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices to become one of the leading players in terms of switchgear production in India.
In November 2019, Siemens was awarded a contract by TransnetBW for the retrofit of a large substation as part of grid upgrades. Under the contract, Siemens is required to supply gas-insulated switchgear for the 380 kV Daxlanden substation in Karlsruhe.

Isolation Switchgear Market Segmentation by Type:

Industry
Business
Residential

Isolation Switchgear Market Segmentation by Application:

Low Voltage
Medium Voltage
High Voltage

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Asia-Pacific to Dominate the Market
Asia-Pacific has dominated the high voltage switchgear market in 2018 and is expected to continue its dominance in the coming years as well. Rapid industrialization and urbanization in the Asia-Pacific (APAC) has led to an increase in electricity demand. This, in turn, has fueled the need for expansion of T&D infrastructure across the region and thereby driving the high voltage switchgear market.
According to China’s largest state-owned utility corporation, State Grid Corporation of China (SGCC), the country’s energy demand, in 2030, is expected to exceed 10 Petawatt hours (PWH). As a result, there is a need for the expansion of the existing power transmission network, which is expected to drive the demand for high voltage switchgear, in the country. 
The demand for the HVDC transmission system is expected to further supplement the integration of large-scale renewables, which are located far away from the demand centres, in China’s power grid. This, in turn, is likely to drive the high voltage switchgear market in the country. 
Adding to this, increasing efforts to improve electricity access across the Southeast Asia region is expected to drive the market studied during the forecast period.

Regional Isolation Switchgear Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Isolation Switchgear Market Report:

Detailed overview of Isolation Switchgear Market
Changing the Isolation Switchgear market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Isolation Switchgear market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Isolation Switchgear Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Isolation Switchgear Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Isolation Switchgear industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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