Switchgear Global Market Report 2021: COVID 19 Impact And Recovery To 2030

The Business Research Company’s Switchgear Global Market Report 2021: COVID 19 Impact And Recovery To 2030

LONDON, GREATER LONDON , UK, August 18, 2021 /EINPresswire.com/ -- According to the new market research report ‘Switchgear Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the switchgear market is expected to grow from $87.86 billion in 2020 to $94.25 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. 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 $124.33 billion in 2025 at a CAGR of 7%. The demand for electricity generation is projected to drive the switchgear market.

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The switchgear market consists of sales of switchgears and related services that are used in various applications such as in transmission and distribution utility, residential, commercial and industrial. A switchgear refers to collection of the switching devices that are used for controlling, protecting, and switching the electrical circuits and equipment.

Trends In The Global Switchgear Market
The last few years witnessed a rising demand for installation of electric substations to restore normal power supply as fast as possible in case of emergencies. The installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and is functionally designed to provide temporary power supplies as soon as possible. Also, these mobile substations incorporate generator, transformer, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, Siemens delivered two mobile substations for national grid SA, and Aktif group delivered 10 mobile substations to the ministry of electricity Iraq. Therefore, increasing the adoption of mobile substations is one of the latest trends that will positively impact the switchgear market.

Global Switchgear Market Segments:
The global switchgear market is further segmented based on product type, end-user, installation and geography.
By Product Type: High Voltage, Medium Voltage, Low Voltage
By End-User: Residential, Commercial, Industrial
By Insulation: Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), Others
By Installation: Indoor, Outdoor
By Geography: The global switchgear market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Switchgear Market At:
https://www.thebusinessresearchcompany.com/report/switchgear-global-market-report

Switchgear Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides switchgear global market overviews, analyzes and forecasts market size and growth for the global switchgear market, switchgear global market share, switchgear market players, switchgear global market segments and geographies, switchgear market’s leading competitors’ revenues, profiles and market shares. The switchgear global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Read Switchgear Global Market Report 2021 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Switchgear Market Organizations Covered: Schneider Electric, Siemens AG, ABB, General Electric, Eaton Corporation, Hyosung, CG Power, Mitsubishi, Alstom SA, Bharat Heavy Electricals Ltd., Hyundai, Hitachi, Toshiba, Powell, Larsen & Toubro, Hubbell, Lucy Electric, Fuji Electric, Bharat Heavy Electricals Ltd., Havells India Limited, Elektrobudowa, SEL, Xian XD Switch Gear Electric Co. Ltd., OJSC Power Machines, Crompton Greaves Ltd., Kirloskar Electric Co.Ltd., CG Power and Industrial solutions Limited, E+I Engineering.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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Here is a list of reports from The Business Research Company similar to the Switchgear Global Market Report 2021:

Switchgear And Switchboard Apparatus Global Market Report 2021 - By Product Type (Switchboard, Switchgear), By End-User (Residential, Commercial, Industrial), By Application (Industry, Manufacture), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/switchgear-and-switchboard-apparatus-global-market-report

High Voltage Switchgear Global Market Report 2021 - By Insulation Type (Gas Insulated, Oil Insulated, Air Insulated), By Application (Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation), By Product Standard (IEC Standard, ANSI Standard), By Component (Circuit Breakers, Relays), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/high-voltage-switchgear-global-market-report

Power Generation, Transmission And Control Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report-2020-30-covid-19-impact-and-recovery

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