Switchgears Market Forecast Report by Future Market Insights Offers Key Insights 2014 - 2020
The global switchgear market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.Asia-Pacific holds the major share in global switchgear market, followed by North America South America, and Europe respectively. Asia-Pacific switchgear market is expected to maintain its dominance in global switchgear market during the forecast period. Emerging countries like India and China in Asia-Pacific region are extensively up grading and installing new transmission lines and distribution networksto uphold the infrastructural developments, which is expected to be major driving factor of global switchgear market. On country level, China dominates in the global switchgear market with more than 18-20% of share. Against the dynamic economic conditions, the Eastern and Western Europe switchgear market are also expected to contribute significant amount of share inglobal switchgear market during the forecast period due to the increasing infrastructure development for renewable energy sources. North America switchgear market is also expected to contribute significant amount of shares during forecast period due to various factors like growing market for grid modernization, replacement of old installations along with capacity enhancement.
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On the basis of operating voltage rating, the global switchgear market is segmented into three categories which are global low voltage switchgear market, global medium voltage switchgear market and global high voltage switchgear market. Rapid growth in industrialization of small and medium scales in developing countries like China, India and developed countries like Japan is expected to be prominent countries for low and medium voltage switchgear market. In terms of market shares medium voltage switchgear market segment dominates the global switchgear market, whilst in terms of growth rate low voltage switchgear market is projected to offer double digit CAGR, higher than that of other voltage sub-segments.
The keyparticipants in global switchgear market focus on introducing new technology and innovative products at competitive prices together with new application in order to distinguish themselves from that of the competitors. Major players reigning over the global switchgear market include Schneider Electric SA, Mitsubishi Electric Corporation, Siemens AG, ABB Ltd, Powell Industries Inc., Eaton Corporation and General Electric Company, amongst other.
Some of the recent technological developments in switchgears market such as magnetic actuation and arc-resistance technology have been undertaken by OEMs focusing upon enhancing efficiency and reliability of switchgear equipment. In future such technological up gradation will add value and spur the demand in global switchgear market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
Supply & Demand
Competition & Companies involved
Regional analysis includes
Middle East & Africa
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
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