The switchgear market size is expected to grow by $ 53.23 bn and record a CAGR of 8% during 2020-2024.
This post-pandemic global switchgear market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this switchgear market analysis report, key drivers such as growing construction activities have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as volatile raw material prices, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Switchgear Market Size be in 2020?
Browse TOC and LoE with selected illustrations and example pages of Switchgear Market
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Who are the Key Vendors in the Switchgear Market?
The switchgear market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:
- ABB Ltd.
- Eaton Corporation Plc
- Fuji Electric Co. Ltd.
- Hitachi Ltd.
- Hyosung Corp.
- Larsen and Toubro Ltd.
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
The switchgear market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This switchgear market report further entails segmentations by Geography (APAC, Europe, North America, MEA, and South America), Other 1 (low and medium voltage and high voltage), and Type (AIS and GIS). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the switchgear market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing renewable power generation will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
48% of the market’s growth will originate from APAC during the forecast period. China, US, Germany, India, and UK are the key markets for switchgear market in the region. This report provides estimations of the contribution of all regions to the growth of the switchgear market size.
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China Switchgear market - The market share is expected to grow at a CAGR of 10.69 percent over the period 2014-2019.
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What are the Key Factors Covered in this Switchgear Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive switchgear market growth during the next five years
- Precise estimation of the switchgear market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the switchgear market industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of switchgear market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Voltage level
- Market segments
- Comparison by Voltage level
- Low and medium voltage - Market size and forecast 2019-2024
- High voltage - Market size and forecast 2019-2024
- Market opportunity by voltage level
Market Segmentation by Insulation type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Eaton Corporation Plc
- Fuji Electric Co. Ltd.
- Hitachi Ltd.
- Hyosung Corp.
- Larsen and Toubro Ltd.
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations