Los Angeles, CA -- (SBWire) -- 03/29/2019 --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 benefits such as enhanced substation performance and space savings are primary growth factors for this market. Substations play a major role in catering to the demands of the end-user. The majority of existing substations have functioned beyond their operational lives and the replacement of the conventional air-insulated switchgear (AIS) components such as disconnectors and circuit-breakers is not economical. This will lead to the development of innovative switchgears with the functions of gas insulated substation (GIS) and integrated with dead tank circuit breakers. Moreover, the increased adoption of the plug and switch system (PASS) that is driven by the privatization of the electric power industry across the globe, will also fuel the growth of the market.
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APAC was the major revenue contributor to the hybrid switchgear market during 2017. Owing to the growth in the electricity consuming sectors in many major countries such as China and India, the region has a constant high demand for electricity. An increase in private participation in the power transmission and distribution market that will result in higher investments in transmission and distribution networks in countries such as China, India, Pakistan, Australia, and Thailand and government initiatives for the expansion of transmission networks to improve the existing infrastructure in countries such as China and India, will propel the market's growth prospects.
The global Hybrid Switchgear market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Hybrid Switchgear volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hybrid Switchgear market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
ABB
GE
Mitsubishi Electric
Siemens
Toshiba
TGOOD
Shandong Taikai Power Engineering
Ningbo Tianan
Click to view Tables, Charts, Figures, TOC, and Companies Mentioned in the global Hybrid Switchgear market Report: https://www.qyresearch.com/index/detail/988386/global-hybrid-switchgear-market
Hybrid Switchgear Market Segment by Regions
North America
Europe
China
Japan
Hybrid Switchgear Market Segment by Type
Below 70 KV
70 KV-250KV
Above 250KV
Hybrid Switchgear Market Segment by Application
Commercial
Industrial
Others
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Hybrid Switchgear Market Overview Along with Competitive Landscape, Company Profiles with Product Details and Competitors 2019 to 2025