Switchgear Market is expected to reach USD 166.53 Billion by 2026 from USD 84.5 Billion in 2016 at a CAGR of 7.02% (Detailed analysis of the market CAGR is provided in the report). Switchgear is the combination of electrical connects-disconnect switches, fuses or circuit breakers used to protect, control and isolate electrical equipment. The Switchgear Market based on voltage has been segmented into < 1 KV, 1–36 kV, 36–72.5 kV and > 72 kV. The > 72.5 kV voltage capacity segment formed one of the major contributors to the switchgear market. The market based on equipment has been segmented into gas insulated, air insulated, and circuit breakers. Gas insulated switchgear segment is expected to hold the largest market share in the total global Switchgear Market. Based on end-user, the transmission and distribution utility segment formed largest contributors for the market growth among other end-users. Geographically, the market has been segmented into Asia-Pacific, North America, Europe, Middle-East & Africa, and Latin America. Asia Pacific (APAC) is expected to be one of the largest markets for the Switchgear Market. Utilization of the latest electrical grid infrastructure and increasing electricity demand in the region are some of the factors driving the overall Switchgear Market. Key Highlights: • Switchgear Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Switchgear Market. • Switchgear Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Switchgear Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study. • Switchgear Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Switchgear Market are also profiled.
Scope of the Global Switchgear Market
Global Switchgear Market, By Voltage:
• <1 kV • 1 kV – 36 kV • 36 kV – 72.5 kV • >72.5 kV
Global Switchgear Market, By Equipment:
• Mcb & Mccb • Ring Main Units • Circuit Breakers • Surge Arresters • Fuses • Motor Control Centers • Surge Protection Devices • Gas insulated switchgear • Air Insulated switchgear • Others
Global Switchgear Market, By End User:
• T&D Utilities • Manufacturing & Process Industries • Commercial • Residential Infrastructure • Others
Global Switchgear Market, By Region:
• North America • Europe • Asia Pacific • Middle East & Africa • South America
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