Global Switchgear Market (2019-2025) - Outlook, Size, Share & 6Wresearch from 6wresearch's blog

Global Switchgear Market Overview


Global Switchgear Market is expected to register substantial growth during the upcoming years on the back of growing electrification, especially in rural and remote areas. Rising investment by the government to generate renewable energy is driving the Switchgear Market Growth. Additionally, the rising need for new transmission and distribution lines backed by bulk power generation plants and adding to the development of the Switchgear industry. The growth of the market is also underpinned by the surging regulations to reduce the power blackouts. The rising penetration of consumers to install solar panels is also strengthening the growth of Switchgear Industry.


According to 6Wresearch, Global Switchgear Market size is projected to register growth during 2022-2028. The rising penetration towards up-gradation of the existing power grid is also expected to enhance the Global Switchgear Market Share. Surging focus on infrastructure is booming the construction activities across the world which is further proliferating the demand for switchgear. Growing power outages backed by declining investment in the infrastructure and government initiatives to reduce the blackout is adding to the development of Switchgear market revenue. However, the outburst of the COVID-19 pandemic hampered the growth of the market owing to the shutting down of manufacturing industries. Various companies in power supply also shut down on the back of nationwide restrictions.


Key Highlights of Switchgear Report:-


·         Global Switchgear Market Overview

·         Global Switchgear Market Outlook

·         Global Switchgear Market Forecast

·         India Switchgear Market Trends

·         Industry Life Cycle

·         Porter’s Five Force Analysis

·         Market Opportunity Assessment

·         Market Player’s Revenue Shares

·         Market Competitive Benchmarking

·         India Switchgear Market Share, By Company

·         Company Profiles

·         Key Strategic Recommendations

 

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