Switchgear Market is expected to reach $116.7 Billion by 2025- An exclusive market research report by Lucintel

November 25 18:08 2021
Switchgear Market is expected to reach $116.7 Billion by 2025- An exclusive market research report by Lucintel
Trends and Forecast for the Global Switchgear Market
Trends, opportunities and forecast in switchgear market to 2025 by voltage (high voltage, medium voltage, and low voltage), by product (other low voltage switchgear, metal enclosed & metal clad, MCCB, fuse, power circuit breaker, and other medium & high voltage switchgear), by end use (utilities, industrial, commercial and residential) and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that switchgear provides attractive opportunities in the utilities, industrial, residential, and commercial sectors. The switchgear market is expected to reach $116.7 billion by 2025 with a CAGR of 4%. In this market, low voltage is the largest segment by voltage type, whereas utilities are largest by end use industry. The development of digital switchgear and growing focus on eco-efficient switchgear provides strategic growth path in this market.

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Based on voltage type, the switchgear market is segmented into high voltage, medium voltage, and low voltage. The low voltage segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to increasing construction activities and renewable energy installations.

Browse in-depth TOC on “Switchgear Market”

81 – Tables

98 – Figures

168 – Pages

The switchgear market is marked by the presence of several big and small players. Some of the prominent players offering Switchgear include ABB, General Electric, Schneider Electric, Mitsubishi, Siemens AG, Eaton, Hitachi, and CG Power and Industrial Solutions.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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