High-Voltage Switchgear Market was valued 6.14 Bn in 2019, and expected to reach 14.2 Bn in 2027 at a CAGR of XX % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Rise in spending toward infrastructural development along with regulatory measures for the expansion of the power grid in rural areas will enhance the market size. Re-installation of transmission and distribution networks across war-affected nations in the Middle East will further propel the product demand.
The increasing electricity generation and consumption, along with the changing power generation industry dynamics, are expected to be the major drivers for transmission and distribution network growth, which, in turn, is expected to drive the high voltage switchgear market during the forecast period. The growth in developed countries is expected to be driven mainly by the transmission network renovation rather than expansion.
In terms of product segment, the high-voltage switchgear market is classified into ANSI and two more segments. The ANSI segment is projected to account for the largest market share during the forecast period. The segment is driven by a rise in the adoption of ANSI standard electrical equipment. ANSI standard specifies sheet metal thickness, paint color, barriers, and other features to ensure consistency of equipment from various manufacturers.
Based on the component, the demand for circuit breakers in developed as well as developing countries is driven by increasing electrification in countries in the Asia Pacific and Africa. Circuit breakers are expected to be the largest segment during the forecast period.
Region-wise, the high-voltage switchgear market in the Asia Pacific dominated, with China accounting for a majority share of 30.2%.
The region’s dominance of the global market is attributed to the large population, increase in industrialization and urbanization, and growth in the utility sector. In terms of country, India is projected to lead the high-voltage switchgear market in the Asia Pacific during the forecast period. This is primarily due to an increase in non-renewable grid modernization and a rise in investment in renewable energy. India is the second most attractive market for renewable energy investment. Countries such as China, Japan, and Australia are also expected to be significant markets for high-voltage switch gears.
The objective of the report is to present a comprehensive analysis of the Global High-Voltage Switchgear Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global High-Voltage Switchgear Market dynamics, structure by analyzing the market segments and project the Global High-Voltage Switchgear Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global High-Voltage Switchgear Market make the report investor’s guide.
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Scope of Global High-Voltage Switchgear Market:
Global High-Voltage Switchgear Market, By Product Standard
• IEC Standard
• ANSI Standard
• Others
Global High-Voltage Switchgear Market, By Component
• Circuit Breakers
• Relays
• Others
Global High-Voltage Switchgear Market, By Insulation
• Air-insulated Switchgears
o SF6
o Non SF6
• Gas-insulated Switchgears
o SF6
o Non SF6
Global High-Voltage Switchgear Market, By Application:
• Power Generation
• Oil & Gas
• Utilities Sector
• Industrial
Global High-Voltage Switchgear Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operated in the Global High-Voltage Switchgear Market
• Mitsubishi Electric Systems
• Schneider Electric
• Toshiba
• ABB
• GE
• Siemens AG
• Larson & Turbo
• Hitachi Ltd.
• Crompton Greaves
• Hubbell, Powell Industries
• BHEL
• Hyosung
• Rittal
• Hyundai Ideal Electric Co.
• Meidensha Corporation
• Fuji Electric
• Iljin Electric
• Ormazabal
• Siemens AG
• Hyosung Corporation
• Toshiba Corporation
• Eaton Corporation
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High-Voltage Switchgear Market was valued 6.14 Bn in 2017, and expected to reach 14.2 Bn in 2026 at CAGR of 11.5% during forecast period.
High-Voltage Switchgear MarketThe global high-voltage switchgear market can be segmented into product segment, component, insulation, application, and region.
The ANSI segment is projected to account for the largest market share during the forecast period.
Based on the component, the demand for circuit breakers in developed as well as developing countries is driven by increasing electrification in countries in the Asia Pacific and Africa.
For instance, in 2017, Japan announced to allocate US$ 16.7 Mn for the United Nations Development Program (UNDP) in Iraq.
The growth in developed countries is expected to be driven mainly by the transmission network renovation rather than expansion.
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe High Voltage Switchgear Global Market Report 2020-30 by The Business Research Company describes and explains the global high voltage switchgear market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The High Voltage Switchgear Global Market Report 2021 covers high voltage switchgear market drivers, high voltage switchgear market trends, high voltage switchgear market segments, high voltage switchgear market growth rate, high voltage switchgear market major players, and high voltage switchgear market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/high-voltage-switchgear-global-market-reportThe high voltage switchgear market report provides an in-depth analysis of the impact of COVID-19 on the global high voltage switchgear industry, along with revised market numbers due to the effects of the coronavirus and the expected high voltage switchgear market growth numbers 2021-2030.High Voltage Switchgear Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2671=smpThe global high voltage switchgear market is expected to grow from $11.31 billion in 2020 to $11.85 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%.
The market is expected to reach $14.19 billion in 2025 at a CAGR of 5%.The report covers the high voltage switchgear market segments-1) By Insulation Type: Gas Insulated, Oil Insulated, Air Insulated.2) By Application: Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation.3) By Product Standard: IEC Standard, ANSI Standard.4) By Component: Circuit Breakers, Relays, Other.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.
It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally.
High Voltage Switchgear Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the high voltage switchgear industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected high voltage switchgear market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/high-voltage-switchgear-global-market-reportThe High Voltage Switchgear Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global high voltage switchgear market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The High Voltage Switchgear Global Market Report 2021 covers high voltage switchgear market drivers, high voltage switchgear market trends, high voltage switchgear market growth rate, high voltage switchgear market major players, player-adopted strategies in the market, and high voltage switchgear market size.The global high voltage switchgear market is expected to grow from $11.31 billion in 2020 to $11.85 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $14.19 billion in 2025 at a CAGR of 5%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2671=smpThe report covers the high voltage switchgear market segments-1) By Insulation Type: Gas Insulated, Oil Insulated, Air Insulated2) By Application: Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation3) By Product Standard: IEC Standard, ANSI Standard4) By Component: Circuit Breakers, Relays, OtherAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
