Switchgear Market Industry Trends, Market Size, Market Leading Key Players 2025

Switchgear Market Opportunities And Strategies - Global Forecast To 2023

Switchgear Market Characteristics:

The global switchgear market reached a value of nearly $96.9 billion in 2019, having increased at a compound annual growth rate (CAGR) of 5.9% since 2015. The market is expected to decline from $96.9 billion in 2019 to $82.1 billion in 2020 at a rate of 15.3%. The market is then expected to recover and grow at a CAGR of 7.5% from 2021 ad reach $113.5 billion in 2023.

The switchgear market’s segmentsBy Type

1. Low Voltage 2. Medium Voltage 3. High Voltage

By End Users

1. Industrial 2. Utilities 3. Residential 4. Commercial 5. Switchgear

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Switchgear Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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Major Key Players Major companies in the market include

Alstom

Siemens AG

Fuji Electric

Eaton Corporation

Hitachi Ltd.

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Reasons to Purchase ▪ Gain a truly global perspective with the most comprehensive market research report available on this market covering 60+ geographies.

▪ Understand how the market is being affected by the COVID19 and how it is likely to emerge and grow as the impact of the coronavirus abates.

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▪ Identify growth segments for investment.

▪ Outperform competitors using market forecast data and the market drivers and trends shaping the global market.

▪ Understand customers based on the latest market research findings.

▪ Benchmark performance against key competitors of the market.

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