Global Switchgear Market 2018-2023: $110 Billion Opportunity, Trends, Forecast and Competitive Analysis
DUBLIN, Aug. 23, 2018 /PRNewswire/ --
The "Switchgear Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global switchgear market is expected to reach an estimated $110.7 billion by 2023 and is forecast to grow at a CAGR of 4.7% from 2018 to 2023.
The future of the switchgear market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The major growth drivers for this market are increasing demand for electricity, growing implementation of smart grid technology, and continuing investment in upgrading transmission and distribution systems.
Emerging trends, which have a direct impact on the dynamics of the switchgear industry, include the development of digital switchgear and growing focus on eco-efficient switchgear.
The low voltage switchgear is expected to remain the largest segment and is expected to experience the highest growth during the forecast period due to increasing construction activities and renewable energy installations.
Within the switchgear market, utilities will remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. Switchgear for the residential end use is expected to witness the highest growth in the forecast period supported by growing urbanization and rapid electrification.
Asia Pacific is expected to remain the largest market and is also expected to witness the highest growth over the forecast period. Increasing electricity demand due to growing population, economic expansion, urbanization, industrialization, and rural electrification projects, particularly in India and China, are leading the demand for switchgear.
Some of the switchgear companies profiled in this report include ABB, General Electric, Schneider Electric, Mitsubishi, Siemens AG, Eaton, Hitachi, and CG Power and Industrial Solutions.
Key Topics Covered:
1. Executive Summary
2. Switchgear Market Background and Classification
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Switchgear Market Trends and Forecast
3.3: Global Switchgear Market by Voltage
3.3.1: Low Voltage
3.3.2: Medium Voltage
3.3.3: High Voltage
3.4: Global Switchgear Market by Product
3.4.1: Other Low Voltage
3.4.2: Metal Enclosed & Metal Clad
3.4.3: Molded Case Circuit Breakers (MCCBs)
3.4.4: Fuses
3.4.5: Power Circuit Breakers
3.4.6: Other Medium & High Voltage
3.5: Global Switchgear Market by End Use
3.5.1: Utilities
3.5.2: Industrial
3.5.3: Residential
3.5.4: Commercial
4. Market Trends and Forecast Analysis by Region
4.1: Global Switchgear Market by Region
4.2: North American Switchgear Market
4.3: European Switchgear Market
4.4: APAC Switchgear Market
4.5: ROW Switchgear Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Analysis of Growth Opportunities
6.1.1: Growth Opportunities for the Global Switchgear Market by Product
6.1.2: Growth Opportunities for the Global Switchgear Market by Voltage
6.1.3: Growth Opportunities for the Global Switchgear Market by End Use
6.1.4: Growth Opportunities for the Global Switchgear Market by Region
6.2: Emerging Trends in the Global Switchgear Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion
6.3.3: Mergers, Acquisitions, and Joint Ventures
6.3.4: Certifications and Licensing
7. Company Profiles of Leading Players
7.1: ABB Ltd.
7.2: General Electric
7.3: CG Power and Industrial Solutions Limited
7.4: Siemens AG
7.5: Eaton
7.6: Alstom SA
7.7: Schneider Electric
7.8: Havells India Ltd.
7.9: Mitsubishi Electric Corporation
7.10: Bharat Heavy Electricals Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/9gdg79/global_switchgear?w=5
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