MarketersMEDIA / Newsroom / Global HV Switchgear Market is expected to reach $18.93 billion by 2026 growing at a CAGR of 6.6% during 2017 to 2026.

Global HV Switchgear Market is expected to reach $18.93 billion by 2026 growing at a CAGR of 6.6% during 2017 to 2026.

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Some of the key players profiled in the HV Switchgear market include Mitsubishi Electric Systems, Schneider Electric, Toshiba, ABB, GE, Siemens AG, Larson & Turbo, Hitachi Ltd., Crompton Greaves, Hubbell, Powell Industries, BHEL, Hyosung, Rittal, Hyundai Ideal Electric Co. and Meidensha Corporation.

— Increase in government initiatives for the modernization of existing transmission and distribution network is expected to propel the demand for high-voltage switchgears during the forecast period. However, high installation costs might restrain the expansion of the global high voltage switchgear market.

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HV Switchgear is an integral part of the power network system right from generation to transmission & distribution in the power market. Switchgear ensures switching of the equipment and circuits in a power system when there is a condition of fault. The basic function of switchgear is to trip the electric power and to protect the equipment in the event of abnormal conditions such as a short circuit or when the operational parameters vary from the normal. Switchgear comprises of a circuit breaker, current transformer, voltage transformer, protection relay, measuring instrument, electrical switch, electrical fuse, miniature circuit breaker, lightning arrestor or surge arrestor, electrical isolator and other associated equipment. Different voltage levels have different fault levels hence various types of switchgear assemblies are offered depending on the type of voltages and applications.

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Based on type, Gas-insulated switchgears have several benefits over air-insulated switchgears and are expected to be the most preferred switchgear across the world. By Geography, Asia-Pacific is constantly enhancing due to the growing industrialization and urbanization in the HV Switchgear market.

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Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Source URL: https://marketersmedia.com/global-hv-switchgear-market-is-expected-to-reach-1893-billion-by-2026-growing-at-a-cagr-of-66-during-2017-to-2026/88916632

Source: MarketersMedia

Release ID: 88916632

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