The global hybrid switchgear market to grow at a CAGR of 14.1% during the period 2016-2020.
Global Hybrid Switchgear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the average unit price of each hybrid switchgear.
The use of hybrid switchgear makes mobile substations compact and flexible, and such attributes enable these sub-stations to be installed inside a limited space, which will be a key trend for market growth. Mobile substations have to be designed to accommodate demanding design specifications, and this makes them uniquely flexible and mobile. For example, such equipment needs to comply with road transport regulations for width, height, and weight with normal transport loads. The equipment can be transported without any special road permits under police escort once such requirements are met.
According to the report, increased demand for electricity in emerging countries will be a key driver for market growth. Apart from industrialization and rapid urbanization, the manufacturing sector in emerging countries is exhibiting considerable potential for growth. As a result, these countries are likely to become hubs for major manufacturing industries, which will lead to a high demand for electricity. This has revved up activity among private and public power sector companies to commence projects of planned network capacity expansion in many regions.
Further, the report states that the distribution utilities are facing severe challenges to upgrade as the companies are not financially strong. The increase in the energy prices in developed countries has forced consumers to opt for distributed energy resources. This has reduced the scope of revenue earned on a long-term basis. On the other hand, the high AT&C and T&D losses in developing countries have created huge outstanding debts. For instance, distribution utilities in India amount to an outstanding debt of $63.21 billion.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Mitsubishi Electric
Other prominent vendors
- Shandong Taikai Power Engineering
- Ningbo Tianan
- Suzhou Silverstone Electric
- Xi'an XD Switchgear Electric
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market drivers
Part 07: Impact of drivers
Part 08: Market challenges
Part 09: Impact of drivers and challenges
Part 10: Market trends
Part 11: Geographical segmentation
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/s9t23d/global_hybrid
Research and Markets
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SOURCE Research and Markets