Press release
High Voltage Switchboard Market To Reach A Valuation Of US$ 4.8 Billion By 2032, Says FMI
More electrical power systems are expected to be needed as the power generating and transmission sector (which includes both industrial and commercial applications) expands, which will in turn increase demand for high voltage switchboards. East Asia has one of the largest industrial sectors in the world, with South Korea dominating the shipbuilding industry and China dominating the manufacturing industry.
The rise in global electricity demand, combined with increasing focus on boosting renewable energy installed capacity, is driving utilities to invest in electricity transmission and distribution networks. As high voltage switchboards are used to distribute power safely in electrical systems, demand will rise at a considerable pace.
"Rising investments in the energy and utilities sector to improve energy supply across remote locations will fuel the adoption of high voltage switchboards. In addition to this, growing demand from the marine sector foe effective energy distribution will augment the growth in the market over the forecast period," says an FMI analyst.
Request A Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15178
Key Takeaways:
• Based on application, the commercial segment will account for more than 37% of the total market share by 2032.
• In terms of product type, sales of fusible switchboards will increase at a CAGR of 2% through the forecast period.
• By connection location, the front connected segment is projected to create an absolute dollar opportunity worth US$ 7 Mn in between 2022-2032.
• Based on voltage rating, the 480 to 600 volts segment is anticipated to gain 300 bps points through 2032.
• The India high voltage switchboard market is expected to create an absolute dollar opportunity of US$ 148 Mn.
• The U.S. will account for 77.7% of the North America high voltage switchboard market in 2022.
Competitive Landscape
ABB, Eaton, Schneider Electric, Rockwell Automation and Siemens are some of the leasing manufacturers operating in the global high voltage switchboard market. The high voltage switchboard market is moderately consolidated, with leading players accounting for more than 63% of the total market share. These players are investing in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to improve sales.
Talk with our expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-15178
About FMI - Industrial Automation
About FMI -The Industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release High Voltage Switchboard Market To Reach A Valuation Of US$ 4.8 Billion By 2032, Says FMI here
News-ID: 2887688 • Views: …
More Releases from Future Market Insights
Japan Caramel Food Colors Industry Outlook to 2036: Strategic Insights for R&D, …
The Japanese caramel food colors market is on a steady growth trajectory, with demand projected to rise from USD 11.2 million in 2025 to USD 28.4 million by 2035, registering a CAGR of 9.8%. The initial phase of the forecast period (2025-2030) anticipates a steady increase in demand, reaching approximately USD 17.8 million by 2030, driven by the expanding use of caramel colors across confectionery, dairy, and baked goods.
The market's…
Comprehensive Analysis of the Japan Butter Flavor Market: Technology Evolution, …
The demand for butter flavor in Japan is projected to rise from USD 16.1 million in 2025 to USD 29.4 million by 2035, reflecting a steady compound annual growth rate (CAGR) of 6.2%. This growth is underpinned by increasing adoption across bakery products, confectionery items, and dairy-based preparations, as manufacturers seek to enhance taste experiences and deliver authentic dairy character in a wide range of food offerings.
The Japanese bakery and…
Japan Casein Peptone Market Deep-Dive 2026-2036: Strategic Forecasts, Market Ent …
The demand for casein peptone in Japan is projected to grow steadily, reaching USD 27.1 million by 2035, up from USD 20.6 million in 2025, reflecting a compound annual growth rate (CAGR) of 2.8%. During the early forecast period (2025-2030), demand is expected to rise from USD 20.6 million to approximately USD 23.6 million, supported by its widespread applications in biotechnology, pharmaceuticals, and food industries. Casein peptone continues to play…
Global Boride Powder Market Size, Share & Forecast: High-Growth Segments, Value …
The global boride powder market is valued at USD 19.7 billion in 2025 and is projected to reach USD 32.2 billion by 2035, advancing at a steady 5.0% CAGR over the forecast period. This upward trajectory reflects increasing adoption of boride-based compounds in aerospace technology, high-temperature processing environments, and advanced coating applications, where exceptional thermal stability, corrosion resistance, and mechanical strength are essential for operational performance and product reliability.
Key Market…
More Releases for FMI
Guidewires Market's Journey Ahead: FMI Report Anticipates 6.1% CAGR, US$ 5.9 Bil …
From 2022 to 2030, the global Guidewires Market is projected to develop significantly at a compound annual growth rate of 6.1%, with a market size of over US$ 3.7 Bn in 2022. The market is expanding at a faster rate due to rising demand for straight-tip guidewires for minimally invasive spine and cervical surgeries.
According to a new research study by Future Market Insights,
-Straight tip guidewires, with a current share of…
Ammonium Phosphate Market Share, Size, Trends - 2029 | FMI
The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.
Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1469
Key Takeaways of Ammonium Phosphate Market Study
• Fertilizers industry accounts for substantial ammonium phosphate demand.
• Rising uptake of ammonium phosphate in…
Wearable Fitness Trackers Market Forecast & Share 2027 | FMI
The global wearable computing devices market is expected to be worth US$ 37,557 Mn in 2022, rising to US$ 217,237.2 Mn by 2032. The sales of wearable computing devices are expected to grow at a CAGR of 19.2% during 2022-2032.
The wearable computing devices market size is expected to increase during the projected period as they assist clinicians in remotely monitoring patient health. Consumer interest in smart fitness gadgets is increasing…
Edible Oil Packaging Market Size & Share - 2023 - 2031 | FMI
According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%. By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to…
MOPP Packaging Films Market Size, Analysis & Opportunity | FMI
The MOPP packaging films market is projected to register high demand through 2021, with the overall valuation reaching US$ 221.7 Mn in 2021. FMI also forecasts MOPP packaging films demand to increase at a steady 5.2% CAGR between 2021 and 2031.
Despite restrictions imposed amid COVID-19, MOPP packaging films demand will surge 2021 onwards, albeit gradually. Volume sold globally is expected to total 135.2 Th. tones by the end of…
Labels Market Size, Industry Share, Sales & Trends - 2032 | FMI
The global labels market size is set to reach a valuation of US$ 39.8 Bn in 2022, and further accelerate at a CAGR of 4.8% from 2022-2032. The market is projected to reach US$ 63.7 Bn by the end of 2032. Sales of labels are anticipated to augment with the top 5 players holding 10-15% of the global labels market share in 2021.
Based on product type, the pressure sensitive labels…
