Press release
Switchgear Market to witness gain over 7% by 2024.
Russia Switchgear Market Size, By Insulation, 2016 (USD Billion)
Switchgear Market size will exceed USD 160 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Increasing investment towards infrastructure development subject to rapid commercialization and residential establishments across developing regions will foster the switchgear market size. Refurbishment of aging electrical networks along with growing demand for advanced monitoring and control distribution systems will further embellish the business outlook. In 2017, the Government of Serbia entered into a strategic partnership with the Government of China towards modernization of their existing infrastructure.
China switchgear market size is set to exceed USD 20 billion by 2024. Government initiatives pertaining to replacement of fossil fuels with clean energy resources favored by national renewable energy integration targets will fuel the industry outlook. In 2017, National Energy Administration has announced an investment of USD 326.38 billion towards expansion of renewable power generation technologies across China by 2020.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/317
Paradigm shift towards energy conservation coupled with rising environmental concerns will embellish the switchgear market growth. Increasing focus towards energy efficiency along with rapidly advancement of smart grid technologies will further stimulate the product demand. In 2017, governments across Western European countries including UK, France, Germany, Italy and Sweden have announced a cumulative investment of USD 133.7 billion towards expansion of smart grid networks.
Vacuum insulation in 2016, accounted for over 50% of the switchgear market share owing to growing demand for industrial HVDC transmission networks. High insulation and di-electric strength coupled with cost competitive installation when compared to its counterparts will further stimulate the product demand. In 2017, Toshiba projected an investment of USD 30 million towards expansion of its transformers and switchgear manufacturing capacities across India.
Browse key industry insights spread across 400 pages with 1044 market data tables & 12 figures & charts from the report, “Switchgear Market Size By Voltage (LV, MV, HV), By Insulation (Air, Gas, Oil, Vacuum), By Installation (Indoor, Outdoor), By Current (AC, DC), By End Use (Residential & Commercial, Industrial, Utilities), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, Italy, Austria, Spain, Netherlands, Denmark, Sweden, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Brazil, Peru And Argentina), Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/switchgears-market
Ongoing measures towards rural electrification across Asia Pacific and Africa supported by increasing investments by financial institutions including the World Bank, Asian Development Bank (ADB) and International Finance Corporation (IFC) will foster the switchgear market size. Re-establishment of electrical grids across war affected countries including Syria, Sudan and Iraq will further augment the industry growth. In 2017, the World Bank announced an investment of USD 4 million towards expansion of electric networks across the Pacific Island under the Vanuatu Rural Electrification Project II.
The U.S. switchgear market is projected to witness appreciable growth owing rising demand for refurbishment of aging electrical infrastructure coupled with increasing adoption of advance distribution networks. Rising investments across railroad infrastructure projects favored by government initiated peninsula corridor electrification program across the country will augment the industry landscape. In 2017, The U.S. Federal Transit Administration announced an investment of USD 100 million towards development of California’s rail networks under the San Carlos Peninsula Corridor Electrification Project.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/317
Germany switchgear market is set to grow over 6% by 2024. Measures toward adoption of clean energy coupled with increasing demand for micro-grid networks will fuel the business growth. Rising investments toward expansion and upgradation of existing transmission network with an aim to reduce T&D losses will further complement the industry landscape.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
29L Atlantic Avenue, Suite L 105
Ocean View Delaware 19970 United States
Email: sales@gminsights.com
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 Switchgear Market to witness gain over 7% by 2024. here
News-ID: 649808 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for USD
Bone Cement Market Outlook USD 1,871.10M-USD 3,512.31M
How Is the Bone Cement Market Supporting the Rise of Modern Orthopedic Surgery?
The Bone Cement Market plays a critical role in modern orthopedic and spinal procedures, acting as a foundational material for joint replacement, fracture fixation, and vertebral stabilization. Bone cement is widely used to anchor implants, restore bone structure, and improve patient mobility-making it an essential component of musculoskeletal care.
In 2025, the global bone cement market was valued at…
Autologous Cell Therapy Market Outlook USD 9.31B-USD 54.83B
How Is the Autologous Cell Therapy Market Redefining the Future of Precision Medicine?
The Autologous Cell Therapy Market is rapidly emerging as one of the most transformative areas in modern healthcare, offering highly personalized treatment options for complex and chronic diseases. By using a patient's own cells to repair, replace, or regenerate damaged tissues, autologous cell therapy minimizes immune rejection risks while maximizing therapeutic effectiveness.
In 2025, the global autologous cell therapy…
US Ostomy Care and Accessories Market USD 4.03B-USD 6.75B
How Is the United States Ostomy Care and Accessories Market Evolving to Meet the Needs of a Growing Patient Population?
The United States Ostomy Care and Accessories Market plays a critical role in improving the quality of life for millions of patients who undergo life-altering surgical procedures involving the digestive or urinary systems. Ostomy care products are essential medical devices designed to manage bodily waste safely and discreetly following surgeries such…
PACS Market USD 5.59B in 2025, USD 9.73B by 2035
Picture Archiving and Communication System (PACS) Market Expands as Digital Imaging Transforms Global Healthcare
Introduction: PACS at the Core of Modern Medical Imaging
The healthcare industry is undergoing a rapid digital transformation, with medical imaging playing a critical role in diagnosis, treatment planning, and patient monitoring. At the heart of this transformation lies the Picture Archiving and Communication System (PACS)-a technology that enables the storage, retrieval, management, and sharing of medical images…
Global HEOR Market USD 1.70B-USD 6.03B
Health Economics and Outcomes Research (HEOR) Market Accelerates as Value-Based Healthcare Redefines Global Decision-Making
Introduction: The Growing Importance of HEOR in Modern Healthcare
The global healthcare industry is undergoing a profound transformation, shifting from volume-driven care models to value-based healthcare systems that prioritize patient outcomes, cost efficiency, and real-world effectiveness. At the center of this transformation lies Health Economics and Outcomes Research (HEOR)-a discipline that evaluates the economic value, clinical outcomes, and…
Foam Tape Market Outlook 2035: Industry Growth from USD USD 4.89 Billion (2025) …
The Foam Tape Market plays a vital role in modern industrial and manufacturing ecosystems. Foam tapes are pressure-sensitive adhesive products manufactured using materials such as polyurethane, polyethylene, PVC, and acrylic foam. These tapes are widely used for bonding, sealing, insulation, cushioning, vibration damping, and noise reduction across multiple industries. Their ability to replace traditional mechanical fasteners like screws, bolts, and rivets has positioned foam tapes as a preferred solution in…
