Switchgear Market Growing at 10% CAGR to 2019 - Cumulative Demand for Replacement Technology Driving the Global Switchgear Market Growth
Jun 10, 2015, 05:30 ET
DALLAS, June 10, 2015 /PRNewswire/ --
Global Switchgear Market 2015-2019 research report ascertains market size and vendor share by considering revenue generated from the sales of switchgears, which are being pushed due to renovation and expansion of T&D network.
Complete report on switchgear market spread across 82 pages, talking about 5 companies and supported with 32 exhibits is now available at http://www.reportsnreports.com/reports/401376-global-switchgear-market-2015-2019.html .
Several electric utilities and non-utility generators are replacing old equipment like T&D transformers, switchgear, circuit breakers and pole and line hardware, with technically advanced T&D equipment. The effective deployment of the latest T&D equipment enables electricity providers to improve their operational productivity. The modernization of existing plants not only increases the lifecycle of the plant, but also helps reduce overall maintenance, repair and overhaul expenses. Furthermore, this new switchgear market research emphasizes the steady shift from conventional switchgear to innovative modular switchgear. Conventional air-insulated switchgear includes various components like circuit breakers, current transformers and disconnectors, which require individual installation spaces, thus making the installation of these components very complex.
The report, Global Switchgear Market 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market. Companies mentioned in this research include ABB, Alstom Grid, GE, Schneider Electric, Siemens, BHEL, Crompton Greaves, Eaton, Hyosung Power and Industrial Systems, Mitsubishi Electric, OJSC Power and Xian XD. Order a copy of this switchgear market research at http://www.reportsnreports.com/Purchase.aspx?name=401376 .
The Switchgear market in China is forecast to grow at a CAGR of 10.69% over the period 2014-2019. With key country focus on China, companies like ABB, Alstom, Schneider Electric, Siemens, China XD Electric, Delixi, Eaton, GE, Hyosung, Mitsubishi Electric, Sunten Electric Equipment and Yangzhou SAC Switchgear are mentioned in the regional research report titled Switchgear Market in China 2015-2019 spread across 71 pages available at http://www.reportsnreports.com/reports/319498-switchgear-market-in-china-2015-2019.html .
Another research report titled Switchgear Market by Type (High, Medium, and Low Voltage) and by Application (Industries, Utilities, Transportation and Power Generation) - Global Trends and Forecasts to 2019 forecasts a lucrative market for switchgear with estimated value of $136.71 billion by 2019 and major share for this to be contributed by the Asia-Pacific region. The market is projected to be promising for utilities owing to upgrades in transmission and distribution utilities in developed regions. Industries are second most growing application for switchgear. Residential and other applications, which include transportation and power generation, have a considerable combined share in the market. The market is segmented on the basis of the application, in which the utilities are estimated to dominate the market, while other categories taken into consideration contribute considerable value to the market. The power sector offers a promising future, with growing demands for electricity following increasing urbanization in the developing nations. Switchgear forms a crucial part in the sector across various segments including power generation, transmission and distribution, and equipment protection. Switchgear is employed to minimize electric failures and mitigate aftereffects of fault currents that flow through the circuit. These high-intensity fault currents can damage equipment or devices in the circuit. Companies profiled in this switchgear market research include ABB Ltd, Eaton Corporation, General Electric Co., Mitsubishi Electric Corp., Schneider Electric SA, Siemens AA, Bharat Heavy Electricals Limited, Alstom, Hitachi Ltd. and NR Electric Co. Ltd. Spread across 167 pages, supported with 69 tables and 52 figures, this global switchgear market research by type and by application can be purchased at http://www.reportsnreports.com/Purchase.aspx?name=323190 .
One more research titled Switchgear World Report covers data and information on markets and products like Automatic & Manual Control Panels, Switchgear: Metal-Clad: 1 To 38 KV, Switchgear: Metal-Enclosed Load Interrupter: All Voltages, Switchgear: Metal-Enclosed Low-Voltage Power Circuit Breakers, Switchgear: Metal-Enclosed Bus: Above 1, 000 Volts, Switchgear: Relays Excl. Industrial Control Type, Switchgear: Power Switching: Outdoor, Excluding Structures, Switchgear: Power Switching: Indoor, Switchgear: Power Fuses & Links for 2, 300 Volts and Over, Switchgear: Power & Ground Connectors: Substation Construction, Switchgear: Overhead Transmission and Distribution Connectors, Switchgear: Transmission and Distribution Connectors and Switchgear: Distribution Cutouts. This research provides data and information for 1997- 2015, 2016- 2023 as well as 2023-2028. Switchgear consumption data and information is given at industry / distribution channel / service or product line level. 13 Products are covered for over 200 Countries in this research that is spread across 2169 Pages having 9959 Spreadsheets, 9733 Database Tables, 557 Diagrams & Maps. This database is updated monthly. 12 months full after-sales services & updates available from the publisher. This Report Is Also Available As 9 Regional Reports: Canada and The Usa, Central America (31 Countries), South America (13 Countries), Europe (45 Countries), Eurasia (4 Countries), Middle East (19 Countries), Africa (54 Countries), Asia (48 Countries), and Oceania (20 Countries). This Report Is Also Available for Individual Countries. Read more on the Switchgear World Report.
Explore more reports on the semiconductor and electronics market as well as energy and power industries at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .
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