TMCnet News
Switchgear Market by Voltage, End-User, Equipment - Global Forecast to 2022NEW YORK, Sept. 6, 2017 /PRNewswire/ -- "The switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022." The switchgear market is projected to reach USD 125.10 billion by 2022, at a CAGR of 7.12%, from 2017 to 2022. Continuous growth of constructional and developmental activities, increasing access to electricity in developing countries, and growth in renewable power generation are the major drivers of the switchgear market. Price volatility of raw materials can hinder the growth of the switchgear market. Read the full report: https://www.reportlinker.com/p05091912 "The transmission and distribution utilities sub-segment of the end-user segment is expected to grow at the highest CAGR, from 2017 to 2022." By Company Type: Tier 1- 45%, Tier 2- 35%, Tier 3- 20% By Designation: D-Level- 26%, C-Level- 34%, and Others- 40% By Region: Americas- 35%, EMEA- 45%, and APAC- 20%, Note: Others includes product managers, marketing managers, and sales managers. EMEA denotes Europe, Middle East, and Africa APAC denotes Asia Pacific Note: The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), Eaton Corporation plc (Ireland), and Schneider Electric SE (France). Research Coverage: The report defines, describes, and forecasts the global switchgear market by voltage, equipment, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the switchgear market. Why buy this report? 1. The report identifies and addresses key markets for switchgear, which would help manufacturers review the growth in demand. 2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges. 3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions. Read the full report: https://www.reportlinker.com/p05091912 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. https://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/switchgear-market-by-voltage-end-user-equipment---global-forecast-to-2022-300514558.html SOURCE Reportlinker 
|