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Global Hybrid Switchgear Market 2016-2020 - Research and MarketsDUBLIN, October 26, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Hybrid Switchgear Market 2016-2020" report to their offering. The global hybrid switchgear market to grow at a CAGR of 14.1% during the period 2016-2020. Global Hybrid Switchgear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the average unit price of each hybrid switchgear. The use of hybrid switchgear makes mobile substations compact and flexible, and such attributes enable these sub-stations to be installed inside a limited space, which will be a key trend for market growth. Mobile substations have to be designed to accommodate demanding design specifications, and this makes them uniquely flexible and mobile. For example, such equipment needs to comply with road transport regulations for width, height, and weight with normal transport loads. The equipment can be transported without any special road permits under police escort once such requirements are met. Further, the report states that the distribution utilities are facing severe challenges to upgrade as the companies are not financially strong. The increase in the energy prices in developed countries has forced consumers to opt for distributed energy resources. This has reduced the scope of revenue earned on a long-term basis. On the other hand, the high AT&C and T&D losses in developing countries have created huge outstanding debts. For instance, distribution utilities in India amount to an outstanding debt of $63.21 billion. Key questions answered in this report
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Key Topics Covered: Media Contact: Research and Markets |