Switchgear Market to Reach $125 Billion by 2022: Key Players are ABB, General Electric Company, Siemens AG, Eaton Corporation & Schneider Electric SE – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Switchgear
Market by Voltage (< 1 KV, 1-36 KV, 36-72.5 KV, > 72.5 KV), End-User
(Transmission & Distribution Utilities and Manufacturing & Process
Industries), Equipment (Gas Insulated, Air Insulated, and Circuit
Breakers) – Global Forecast to 2022" report has been added to Research
and Markets' offering.

The global switchgear market is projected to grow at a CAGR of 7.12%,
from 2017 to 2022, to reach a market size of USD 125.10 Billion by 2022.
Continuous growth of constructional and developmental activities,
increasing access to electricity in developing countries, and growth in
renewable power generation are the major drivers of the switchgear
market. Price volatility of raw materials can hinder the growth of the
switchgear market.

The transmission and distribution utilities sub-segment of the end-user
segment is expected to grow at the highest CAGR, during the forecast
period. Switchgears are used extensively to prevent damages of expensive
and critical equipment in transmission and distribution utilities.
Switchgear reduces the downtime and aid in faster response time.
Increasing investments in sub-station automation and smart grids can
drive the growth in the transmission and distribution utilities segment
of the switchgear market.

The market in Asia Pacific is currently the largest market for
switchgear followed by the European market. Rising investments in aging
electrical grid infrastructure and increasing electricity demand are
driving the switchgear market in the Asia Pacific region.

Companies Mentioned

• Abb Ltd.
• Alstom Sa
• Cg Power And Industrial Solutions Limited
• Eaton Corporation Plc
• Elektrobudowa Sa Group
• General Electric Company
• Hawker Siddeley Switchgear Ltd.
• Hitachi Ltd.
• Hyosung Corporation
• Hyundai Heavy Industries Co., Ltd.
• Larsen & Toubro Limited
• Lucy Electric Uk Ltd.
• Mitsubishi Electric Corporation
• Powell Industries, Inc.
• Schneider Electric Se
• Sel S.P.A.
• Siemens Ag
• Te Connectivity Ltd.
• Toshiba Corporation
• Zpue S.A.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Switchgear Market, By Voltage

7 Switchgear Market, By End User

8 Switchgear Market, By Equipment

9 Switchgear Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/nnfmmj/switchgear_market

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Related
Topics: Electricity