Market Overview

Global Switchgear Market Report 2018: Trends, Forecast and Competitive Analysis 2012-2023 -


The "Switchgear
Market Report: Trends, Forecast and Competitive Analysis"

report has been added to's

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

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

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

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.

Scope of the Report

Switchgear Market by Voltage Type [$B shipment analysis from
2012 to 2023]:

  • High Voltage
  • Medium Voltage
  • Low Voltage

Switchgear Market by Product Type [$B shipment analysis from
2012 to 2023]:

  • Other Low Voltage Switchgear
  • Metal Enclosed & Metal Clad
  • MCCB
  • Fuse
  • Power Circuit Breaker
  • Other Medium & High Voltage Switchgear

Switchgear Market by End Use Industry [$B shipment analysis from
2012 to 2023]:

  • Utilities
  • Industrial
  • Residential
  • Commercial

Key Topics Covered:

1. Executive Summary

2. Switchgear Market Background and Classification

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

  • ABB Ltd.
  • Alstom SA
  • Bharat Heavy Electricals Ltd.
  • CG Power and Industrial Solutions Limited
  • Eaton
  • General Electric
  • Havells India Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric
  • Siemens AG

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