Global Hybrid Switchgear Market is anticipated to grow at a CAGR of 14.1% over Forecast 2016-2020

Albany, NY, Dec 22: Switchgears are segmented as per the arc-quenching medium that is used within the equipment. Various types of arc-quenching medium include air, SF6 gas, and oil. With the emergence of hybrid switchgear technology in the late 1990s, the equipment incorporated two different technologies in its operation. One was the use of gas for arc quenching purpose, while air-insulation technology was adopted for bus bars to be connected to other equipment present in a high-voltage sub-station. The target is to maximize the advantages of these two existing technologies and enhance the overall operation and performance of the equipment and the connected components within the grid network.

The global hybrid switchgear market to grow at a CAGR of 14.1% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global hybrid switchgear market for 2016-2020. To calculate the market size, the report considers the average unit price of each hybrid switchgear.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Hybrid Switchgear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- GE
- Mitsubishi Electric
- Siemens
- Toshiba

Other prominent vendors
- TGOOD
- SkipperSeil
- Shandong Taikai Power Engineering
- Jingke
- Ningbo Tianan
- Suzhou Silverstone Electric
- Xi'an XD Switchgear Electric

Market driver
- Increased demand for electricity in emerging countries
- For a full, detailed list, view our report

Market challenge
- High dependency on electrical equipment imports by India
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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