$118 Bn Switchgear Manufacturing Market - Global Forecast to 2022 - ResearchAndMarkets.com
Aug. 23, 2018
DUBLIN--(BUSINESS WIRE)--Aug 23, 2018--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 MarketABB Ltd. Acquired GE Industrial Solutions Toshiba Acquired Vijai Electricals AZZ Acquired Powergrid Solutions Inc. (PSI) Fuji Electric Acquired SMB Electric
Switchgear Manufacturing Market Customer InformationNeed 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:Introduction Summary And Highlights Switchgears Manufacturing Market Characteristics Switchgears Manufacturing Market Size And Growth Switchgears Manufacturing Market Trends And Strategies Pestle Analysis Switchgears Manufacturing Market Segmentation Switchgear Manufacturing Market Regional And Country Analysis Global Switchgear Manufacturing Market Comparison With Macro Economic Factors Switchgear Manufacturing Market Competitive Landscape Key Mergers And Acquisitions In The Switchgear Manufacturing Market Switchgear Manufacturing Market Customer Information Appendix References
Companies MentionedSchneider 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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Related Topics:Electrical Switches
INDUSTRY KEYWORD: ENERGY UTILITIES MANUFACTURING ENGINEERING
SOURCE: Research and Markets
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PUB: 08/23/2018 11:01 AM/DISC: 08/23/2018 11:01 AM