Press release
Switchgear Market | Business Growth, Development Factors, Current and Future Trends till 2031 |EVERLIGHT ELECTRONICS CO., LTD. LEISO Lighting (Dongugan) Tech Co.,Ltd Lextar Electronics Corp.
switchgear market is expected to grow at a CAGR of 6.8% during the forecast period. The rising demand for energy owing to the rapid urbanization is a key factor driving the growth of the global switchgear market. In an electric power system, switchgear is composed of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment. In June 2022, Tata Power Solar launched India's largest floating solar power project in Kayamkulam, Kerala on a 350-acre water body, backwaters area, having an installed capacity of 101.6 Megawatt Peak. The increasing installation of new power plants for safe and reliable operation is a key factor driving the growth of the global switchgear market.Get Free Sample link @ https://www.omrglobal.com/request-sample/switchgear-market
The industrial segment holds a considerable share in the market. Under the industrial segment, the power, energy and utility industry is the largest consumer of switchgear during the forecast period. The increasing investment by players in new energy and utility plants is further anticipated to drive the growth of this market segment.
full report of Switchgear Market available @ https://www.omrglobal.com/industry-reports/switchgear-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global GIS Market Report by Segment
• Global GIS Market by Insulation Types
o SF6
o SF6 free
• Global GIS Market by Configurations
o Hybrid
o Isolated Phase
o Integrated Three Phase
o Compact GIS
• Global GIS Market by End-User
o Transmission & Distribution
o Manufacturing
o Infrastructure & Transportation
o Industries & OEM
o Commercial
o Others
Global GIS Market Report By Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global switchgear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/switchgear-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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