Switchgear is a highly integral electrical transmission and distribution (T&D) equipment that comprises of a combination of electrical disconnect switches, circuit breakers and fuses. Switchgears find application not only to de-energize a particular electrical equipment for maintenance work but also helps in clearing faults downstream.
The increased demand for electricity in emerging countries as one of the primary growth factors for this market. The demand for power in developing countries are growing due to the extensive growth of their economies along with industrial development and commercialization. Additionally, these countries are also likely to become hubs for major manufacturing industries since the manufacturing sectors in these regions are showing significant potential for growth, which will in-turn lead to a high demand for electricity.
The recent years witnessed an increased demand for the rapid installation of electric substations to restore normal power supply as fast as possible in case of emergency situations. This will lead to the demand for mobile substations. The installation of such substations enables utilities to respond rapidly to outages and restore electricity services to customers. Since these substations are designed to cater to the demanding design specifications, they are uniquely flexible and mobile, which will again, fuel their demand. According to this market research and analysis, this growing adoption of mobile substations is one of the latest trends that will gain traction in the high voltage switchgear market in the coming years.
In 2019, the market size of High Voltage Switchgear is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High Voltage Switchgear.
This report studies the global market size of High Voltage Switchgear, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the High Voltage Switchgear production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB
GE
Mitsubishi Electric
Siemens
Toshiba
...
Market Segment by Product Type
Gas Insulated Switchgear (GIS)
Air Insulated Switchgear (AIS)
Market Segment by Application
Transmission & Distribution
Processing & Manufacturing
Infrastructure & Transportation
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the High Voltage Switchgear status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key High Voltage Switchgear manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of High Voltage Switchgear are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on High Voltage Switchgear. Industry analysis & Market Report on High Voltage Switchgear is a syndicated market report, published as Global (United States, European Union and China) High Voltage Switchgear Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of High Voltage Switchgear market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.