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Switchgear Market by Voltage, by End-user, and by Region - Global Trends & Forecast to 2021NEW YORK, May 11, 2016 /PRNewswire/ -- Switchgear market is expected to reach USD 144.41 billion by 2021, at a CAGR of 10.07% during the forecast period. Switchgear is an integral part of the electric power system. The power sector offers a promising future, with growing demand for electricity following increasing urbanization in the developing nations. Switchgear forms a crucial part in the sector across various segments including power generation, transmission & distribution, and equipment protection. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject matter experts, corporate-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows By Company Type: Tier 1- 20%, Tier2-45%, and Tier 3-35% By Designation: Corporate-Level-25%, Director Level-35%, and Others*-40% By Region: Americas-45%, Europe, Middle East & Africa-30%, Asia-Pacific-25% Note: *Others include sales managers, marketing managers, and product managers The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 = Leading players of this industry have been profiled with their recent developments and other strategic activities. These include ABB Limited (Switzerland), Siemens AG (Germany), Alstom (France), TE Connectivity (Switzerland), Mitsubishi Electric Corporation (Japan), General Electric Company (U.S.), Crompton Greaves Ltd. (India), and Eaton Corporation (Ireland). Why buy this report? 1. The report identifies and addresses key markets for switchgears, useful for suppliers and OEMs to review production and distribution plans 2. The report includes analysis for key countries by voltage rating of switchgears (<1 kV, 1 kV-52 kV, and >52 kV). It analyses historical trends and also forecast for 2021, assisting in strategic decision making 3. It presents competitive landscape of the switchgear market by analyzing recent market developments such as contracts & agreements, expansions, mergers & acquisitions, and new product launches from the key global market players. It helps to understand the competition strategies and plan respective initiatives Read the full report: http://www.reportlinker.com/p03816727-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/switchgear-market-by-voltage-by-end-user-and-by-region---global-trends--forecast-to-2021-300267254.html SOURCE Reportlinker |