Market Overview

$118 Bn Switchgear Manufacturing Market - Global Forecast to 2022 - ResearchAndMarkets.com

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The "Switchgear
Manufacturing: Global Markets to 2022"
report has been added to ResearchAndMarkets.com's
offering.

The market for switchgear manufacturing reached a value of nearly $85.4
billion in 2017 and is expected to grow at a compound annual growth rate
(CAGR) of 6.8% to nearly $118.0 billion by 2022.

Global switchgears market is registering strong growth due to increasing
access to electricity in developing countries and rising investments in
smart grid networks in developed economies. At the same time, emerging
market growth, low interest rate environment, rapid urbanization, rising
population, improving technology, growth in manufacturing industry and
growth in renewable energy generation is driving the demand for
switchgear products.

The market for switchgears manufacturing is concentrated with a few
large players dominating the market. Major factors included economic
growth, technological developments and high demand for switchgears from
manufacturing and power generation and distribution companies.

China is the largest market in terms of value and in the switchgear
manufacturing market. India and China are forecasted to have the fastest
growth.

The market is challenged by restraints such as decline in stringent
regulations, interest rate increases ad rising debts of utility
companies.

The market for switchgear manufacturing is marginally consolidated with
a few large players, dominating the market. Major players in the market
include Schneider Electric, Siemens, Toshiba Corporation and others.

Key Mergers and Acquisitions in The Switchgear Manufacturing
Market

  • ABB Ltd. Acquired GE Industrial Solutions
  • Toshiba Acquired Vijai Electricals
  • AZZ Acquired Powergrid Solutions Inc. (PSI)
  • Fuji Electric Acquired SMB Electric

Switchgear Manufacturing Market Customer Information

  • Need for Installation of Seismometric Circuit Breakers in Japan
  • Increased Rate of Deaths Due to Electrical Short Circuits
  • Electrical Distribution Equipment Is One of The Major Causes of Home
    Fires
  • Preventable Causes Account for Half of All Switchgear Failures
  • Issues with Electric Fuses or Circuit Breakers

Key Topics Covered:

  1. Introduction
  2. Summary And Highlights
  3. Switchgears Manufacturing Market Characteristics
  4. Switchgears Manufacturing Market Size And Growth
  5. Switchgears Manufacturing Market Trends And Strategies
  6. Pestle Analysis
  7. Switchgears Manufacturing Market Segmentation
  8. Switchgear Manufacturing Market Regional And Country Analysis
  9. Global Switchgear Manufacturing Market Comparison With Macro Economic
    Factors
  10. Switchgear Manufacturing Market Competitive Landscape
  11. Key Mergers And Acquisitions In The Switchgear Manufacturing Market
  12. Switchgear Manufacturing Market Customer Information
  13. Appendix
  14. References

Companies Mentioned

  • Schneider Electric
  • Siemens AG
  • Toshiba Corporation
  • Mitsubishi Electric Corporation
  • Abb Ltd
  • Eaton
  • Bhel
  • Larsen & Toubro
  • Powell Industries Inc
  • Crompton Greaves

For more information about this report visit https://www.researchandmarkets.com/research/p9z2vg/118_bn?w=4

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