PPT for Switchgears Market: Global Market Insights, Inc. - PowerPoint PPT Presentation

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PPT for Switchgears Market: Global Market Insights, Inc.

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Switchgears Market Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023 – PowerPoint PPT presentation

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Title: PPT for Switchgears Market: Global Market Insights, Inc.


1
Switchgears Market 2016 2023
Switchgears Market Size, Industry Outlook,
Regional Analysis, Application Development,
Competitive Landscape Forecast, 2016 2023
2
Global Market Scenario of Switchgears
  • Switchgears market size valued for over USD 75
    billion in 2014 and is likely to achieve more
    than USD 150 billion, at a CAGR of over 13 from
    2016 to 2023.
  • Ongoing smart grid projects coupled with
    increasing electric power consumption is
    anticipated to drive the industry demand over the
    forecast period.
  • The global industry can be segmented on the basis
    of products which include low voltage, medium
    voltage and high voltage switchgears market.
  • The global industry can be segmented on the basis
    of products which include low voltage, medium
    voltage and high voltage switchgears market.

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Continue.....
  • The global pad mounted switchgear market size is
    likely to exceed USD 6 billion by 2023.
  • New technologies have been undertaken by original
    equipment manufacturers in order to enhance
    reliability and efficiency of switchgear
    equipment. These technological advancements are
    expected to add value and boost the global
    switchgears market over the coming few years.
  • Increasing adoption of smart grid technology
    along with growing industrialization and
    urbanization is likely to boost the demand. In
    addition, power sector reforms aiming at
    transmission and distribution expansions and
    renovation is expected to surge the industry
    growth over the coming few years.
  • Get more detail _at_ https//www.gminsights.com/indus
    try-analysis/switchgears-market

4
360 Analysis
  • Application Analysis
  • The global pad mounted switchgear market size is
    likely to exceed USD 6 billion by 2023. These
    gears are mainly deployed to regulate, meter,
    protect and control the electric transmission,
    distribution and generation of equipment.
  • Regional Analysis
  • Asia Pacific switchgears market size accounted
    for over 40 in 2014 and is anticipated to
    sustain its dominance over the forecast period.
    This can be attributed to large number of
    distribution and transmission line upgrades.
    Advancement in the South East Asia region owing
    to growing energy needs is likely to be the chief
    driving factor for the demand growth.
  • China switchgears market size accounted for over
    15 of the global share in 2014. Rapid economic
    growth in countries such as Brazil, Russia, South
    Africa, India and China is expected to be surge
    the global demand from 2016 to 2023.
  • Competitive Market Share
  • The major competitors for the global switchgears
    market share include Zhejiang Chint Electrics
    Co., NHP Electrical Engineering Products, Legrand
    SA, Jiangsu Dongyuan Electrical Grp Co., Huayi
    Electric Co., Henan Senyuan, Henan Pinggao
    Electric Company, Heinemann Electric, Crompton
    Greaves, Schneider Electric SA, Siemens AG,
    Rockwell Automation, Powell Industries,
    Mitsubishi Electric, Xian, Larsen Toubro, GE,
    OJSC Power, Eaton, Areva, Alstom and ABB among
    others.


5

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this report _at_ http//bit.ly/2c9StJ7 Browse
complete summary of this report _at_
http//bit.ly/2cPu9xB
6
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www.gminsights.com
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