Switchboard Market Insights and Elite Players 2021 - ABB, Mitsubishi Electric, Schneider Electric

The Market Research on the “Global Switchboard Market 2021-2030”, now available with Market Insights Reports, Introduces systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The Switchboard market report offers an overview of top company profiles with the business value and demand status of the industry. The report also helps the user to understand the market in terms of its definition, segmentation, market potential, influential trends, and therefore the challenges that the market is facing.

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Market Overview: -

Major players in the switchboard market are ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, GEDAC ELECTRIC, Kounis and Aussie Switchboards.

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%.

The switchboard market consists of sales of switchboards and related services for 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.

In July 2018, ABB, a Switzerland-based automation company acquired GE Industrial Solutions for $2.6 billion. With this acquisition, ABB aimed to become market leader in electrification and expanding its footprint in the North American market. GE Industrial Solutions is a USA-based company that specializes in designing and selling electrical solutions such as circuit breakers, switchgear, components for lighting control and power supply equipment’s.

Scope: -

Markets Covered: 1) By Type: Low-Voltage; Middle-Voltage; High-Voltage 2) By End Users: Industrial; Residential; Commercial; Other

Companies Mentioned: ABB; Mitsubishi Electric; Schneider Electric; Emerson Process Management; Rockwell Automation

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

The report has 150+ tables and figures browse the full report description and TOC:

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Significant Features that are under Offering and Key Highlights of the Reports:

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

Key Questions Answered in this report:

- What is the growth potential of the Switchboard market?
- Which regional market will emerge as a pioneer in the years to come?
- What growth opportunities might arise in the Switchboard industry in the years to come?
- What are the most significant challenges that the Switchboard market could face in the future?
- Who are the leading companies on the Switchboard market?
- What are the main trends that are positively impacting the growth of the market?
- What growth strategies are the players considering to stay in the Switchboard market?

Irfan Tamboli (Head of Sales) - Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides US and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.