Switchgear Market Projected to Reach $136.71 Billion by 2019 Report by MarketsandMarkets

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This report profiles the growth trends in the global switchgear market. According to the report, the market is poised to witness steady growth in near future with strong growth opportunities from the power sector. http://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html?utm_source=Prwebs&utm_medium=PaidPR&utm_campaign=Prwebs

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Key players are ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), GE (U.S.), Siemens AG (Germany).

This MarketsandMarkets report suggests that the Switchgear Market is expected to grow at a healthy CAGR during next few years. It analyzes various segments of the market and provides regional revenue forecasts for the key players. Switchgear is an integral part of the electric power system. According to the report, the power sector offers a promising future for the industry. This growth is attributed to the growing demands for electricity following increasing urbanization in the developing nations. Switchgear forms a crucial part in this sector and various other segments including power generation, transmission and distribution.

Explore Switchgear Market through data tables 74 , figures 57 and in-depth TOC spread across over 151 report pages.

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Early buyers will receive 10% customization on this report.

This report provides information about the top market players from the Switchgear market environment. Switchgear reduces the risk of losing costly instruments and equipment due to current and voltage fluctuations in the power network systems. According to the report, the Global Switchgear market is poised to grow at a CAGR of 12.83% from 2014 to $136.71 Billion by 2019.

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According to the report, the Asia-Pacific region is poised to hold the largest share in the switchgear market. This growth in the region is largely driven by the number of transmission and distribution line upgrade programs and strong advancement of the South East Asia. These advancements are due to the growing demand for energy in South East Asia.

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Switchgear is mostly used in transmission & distribution by power utility companies. They are used for switching the equipment or the circuit during the event of fault. According to the report, global switchgear market is witnessing rising demand with the growing transmission and distribution networks across globe. The Switchgear industry is fragmented and offers several opportunities for consolidation and growth in efficiency through increased economies of scale. The industry has low entry and exit barriers.

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About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full time analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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