Switchgear Market to reach worth $136.71 Billion by 2019

The report "Switchgear Market by Type (High, Medium, and Low Voltage) and by Application (Industries, Utilities, Transportation and Power Generation) – Global Trends and Forecasts to 2019", defines & segments the market with regional forecast and segment revenue estimates through to 2019

Browse 74 market data tables and 57 figures spread through 151 pages and in-depth TOC on “Switchgear Market – Global Trends and Forecasts to 2019”

For Sample Pages:

Top market players from the industry segment have been studied in order to track developments, technologies, and other key business strategies that define the Switchgear market environment. Switchgear reduces the risk of losing costly instruments and equipment’s due to current and voltage fluctuations in the power network systems. The Global Switchgear market will grow from an estimated $74.77 billion in 2014 to $136.71 billion by 2019 with a CAGR of 12.83% from 2014 to 2019.

Asia Pacific: The largest market for Switchgear

The Asia-Pacific region holds the largest market for switchgear, driven largely by the number of transmission and distribution line upgradations and developments in the South East Asia. These developments are due to its growing energy needs is the major growth engine for this market.

Utilities: Biggest market by application

Switchgear is mostly used in Transmission & Distribution by power utility companies. They are used for switching the equipment or the circuit during the event of fault. With the growing transmission and distribution network across globe, the number of substations will keep on increasing. This increasing number of substations is expected to increase the use and demand for switchgears. Maximum T&D expansion projects are ongoing in Asia-Pacific and the market is expected to be the biggest and the fastest growing market for switchgear.

The Switchgear industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. This is a major driver of the Switchgear market. Top players of the PR market are ABB (Switzerland), Eaton Corporation (Ireland), GE (U.S.), and Siemens AG (Germany).

The switchgear market is also analyzed with respect to Porter's Five Force model. Analysis of the sector’s value chain and the various factors affecting the stages of the chain has been tracked to assess and evaluate Five Forces of the Porter’s model. The report also describes the competitive landscape of major market players that includes new product developments, mergers and acquisition, facility expansion, agreements and collaborations, and contracts signed. Key developments have been mapped against the market players involved to determine the growth strategies implemented by the leaders within the segment. The report also classifies and defines the value of switchgear and circuit protection industry; the parent market segment for the switchgear. The study provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the switchgear market.

Speak to Research Expert for more info:

Scope of the Report:

The global switchgear market is analyzed in terms of revenue ($billion) for the following types, product categories, applications, and regions.

By Type

  • High Voltage
  • Medium Voltage
  • Low Voltage

By Application

  • Utilities
  • Industries
  • Residential
  • Others including Transportation and Power generation

By Region

  • North America
  • Europe
  • Asia-Pacific
  • The Middle East
  • South and Central America
  • Africa

Inquiry (Ask for Customized Report Matching Your Exact Requirement):

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India