Global Switchgear And Switchboard Apparatus Market
Electrical And Electronics Manufacturing

Global Switchgear And Switchboard Apparatus Market Size, Forecasts, And Opportunities

Learn about the global switchgear and switchboard apparatus market through The Business Research Company, which provides information on switchgear and switchboard apparatus market size, switchgear and switchboard apparatus market drivers and restraints, switchgear and switchboard apparatus market players, the COVID-19 impact on the switchgear and switchboard apparatus market, and more.

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The global switchgear and switchboard apparatus market is expected to grow from $118.81 billion in 2020 to $131.37 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. 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 switchgear and switchboard apparatus market is expected to reach $178.95 billion in 2025 at a CAGR of 8%.

The demand for electricity generation is expected to drive innovation in switchgear and switchboard apparatus manufacturing, thus driving the market during the forecast period.

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The switchgear and switchboard apparatus market consist of sales of switchgear and switchboard apparatus and related services that are used in various applications such as 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. Switchboards refers to the power distribution process system which consists of panels with different switches and indicators to direct and control electricity for functioning in circuits.

Global Switchgear And Switchboard Apparatus Market Segments Include:

By Product Type: Switchboard, Switchgear

By End-User: Residential, Commercial, Industrial

By Application: Industry, Manufacture, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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.

TBRC’s switchgear and switchboard apparatus market report covers:

Major Market Players: ABB, Schneider Electric, General Electric, Siemens, Eaton Corporation, Mitsubishi, Powell, Hyosung, CG Power and Industrial Solutions Limited, Toshiba, Bharat Heavy Electricals Ltd., Alstom SA, GEDAC ELECTRIC, Kounis, Merriam-Webster, Aussie Switchboards, Larsen & Toubro, Elektrobudowa, Hubbell, Lucy Electric, SEL, Fuji Electric, IEM, CandS Electric, CUBIC, ROMAC, Rolla, Nilsen, Leoni, Mastervolt, Hyundai.

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.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Switchgear And Switchboard Apparatus Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides switchgear and switchboard apparatus market overviews, analyses and forecasts market size, share, switchgear and switchboard apparatus market players, switchgear and switchboard apparatus market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s switchgear and switchboard apparatus market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

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