Switchgear Market - Substantial Investment in the T&D Infrastructure Surge Uptake
Switchgear Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2014 - 2020
Albany, NY -- (SBWire) -- 02/25/2019 --Switchgears are the switching devices designed to protect, meter, regulate and control power generation, transmission and distribution equipment and electric motor control systems. Switchgears are located on both the low-voltage and high-voltage side of large power transformers in substations. Switchgear includes circuit breakers, fuses, and isolators.
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The overall market for the switchgear is segmented on the basis of the current rating, voltage, insulating medium, construction type, interrupting device, type of current, application and purpose as well as on the basis of the geography to provide overall picture of the market.
The global demand driven by the substantial investment in the T&D infrastructure and increasing demand for renewable sources of energy is expected to boost the growth of the switchgear market. However, increasing raw material prices is expected hamper the growth of this market.
Presently, Asia Pacific accounts for the highest demand for the Switchgear. The increasing demand for medium and high voltage switchgears is expected to drive the growth in this region. China is expected to be the leading market for global switchgears. The demand is driven by increasing investment in alternative sources of energy. In North America and Europe, the demand for renewable power generation is expected to open new market
opportunities in medium-voltage switchgears market.
Geographies analyzed under this research report include
Rest of the World
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This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
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