Switchgear Industry By Equipment MCB & MCCB , Ring Main Unit , Circuit Breakers , Surge Arresters , Fuses
The Switchgear market size will grow from USD 88.49 Billion in 2017 to USD 134.14 Billion by 2023, at an estimated CAGR of 7.18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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Continuous demand for construction and developmental activities, increasing access for electricity in developing countries, and growth in renewable power generation projects are the major drivers of the switchgear market. Based on the end-user segment, the switchgear market is segmented into transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, and others. Others include marine, transportation, and mining sectors. The transmission and distribution utilities sub-segment led the switchgear market in 2017 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is expected to grow at the fastest rate during the forecast period.
By Market Players:
ABB Ltd. , Hyosung Corporation , Alstom SA , CG Power and Industrial Solutions Limited , Hitachi Ltd. , Hyundai Heavy Industries Co., Ltd. , Schneider Electric SE , Siemens AG , Eaton Corporation PLC , General Electric Company , Toshiba Corporation , Mitsubishi Electric Corporation , Powell Industries, Inc. , TE Connectivity Ltd. , Larsen & Toubro Limited , Elektrobudowa SA Group , Zpue S.A. , Lucy Electric UK Ltd. , Hawker Siddeley Switchgear Ltd. , Sel S.P.A.
By Voltage
<1 kV , 1 kV - 36 kV , 36 kV - 72.5 Kv, >72.5 kV,
By End User
Transmission & Distribution Utilities , Manufacturing & Process Industries , Commercial & Residential Infrastructure , Others,
By Equipment
MCB & MCCB , Ring Main Unit , Circuit Breakers , Surge Arresters , Fuses
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