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The global switchgear manufacturing market will grow from $85.4 billion in 2017 to $118.7 billion by2022 with a compound annual growth rate (CAGR) of 6.8% for the period of 2017-2022NEW YORK, Feb. 19, 2018 /PRNewswire/ -- • The global switchgear manufacturing market will grow from $85.4 billion in 2017 to $118.7 billion by2022 with a compound annual growth rate (CAGR) of 6.8% for the period of 2017-2022. The global switchgears manufacturing market is growing due to increased demand for advanced switchgears from power generation and distribution companies and manufacturing companies. These factors along with technological advances such as smart grids and IoT technologies is expected to drive the switchgear manufacturing industry. The market for switchgear manufacturing is marginally consolidated with a few large players, dominating the market. Major players in the market include Schneider Electric, Siemens, Toshiba Corporation and others. Scope of Report This research report categorizes the switchgear manufacturing market by type. Product type include low voltage switchgear, medium voltage switchgear and high voltage switchgear. Information Sources • Public information via annual reports to shareholders as well as other government reports that are available for public review. • Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information. • Online research including third-party references. • Trade associations, directories and publications. • Telephone interviews with both current customers and prospects. • Various private industry sources. Methodology Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users. Market numbers have been calculated in constant U.S. dollars. Currencies $ stands for US Dollar € stands for Euro All other currencies are given with ISO currency codes. Geographic Breakdown In this report, the geographic regions considered for market analysis include, and only include: • Asia Pacific • North America • South America • Western Europe • Eastern Europe • Middle East • Africa Switchgears Manufacturing Market, by Segment Low Voltage Switchgear Medium Voltage Switchgear High Voltage Switchgear Switchgears Manufacturing, by Region Asia Pacific North America Western Europe South America Eastern Europe Middle East Africa Chapter 2: Summary and Highlights Global switchgears market is registering strong growth due to increasing access to electricity in developing countries and rising investments in smart grid networks in developed economies. At the same time, emerging market growth, low interest rate environment, rapid urbanization, rising population, improving technology, growth in manufacturing industry and growth in renewable energy generation is driving the demand for switchgear products. The market for switchgears manufacturing reached a value of nearly $85.4 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% to nearly $118.0 billion by 2022. The market for switchgears manufacturing is concentrated with a few large players dominating the market. Major players in the market are Schneider Electric, Siemens AG Toshiba Corporation, Mitsubishi Electric Corporation, ABB and others. Read the full report: https://www.reportlinker.com/p05336819 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. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |