San Jose, California (PRWEB) September 05, 2013
Over the next 5 weeks, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as rising energy demand, growing need to upgrade power transmission and distribution network infrastructure, increasing investments in renewable energy, and the gradual migration towards the envisioned smart grid technology of the future. All of these factors have the potential to influence demand patterns for switchgears, which play an important role in safeguarding against equipment failure and preventing potentially crippling and expensive blackouts.
Swtichgears constitute a critical component of power transmission and distribution networks, functioning as a protective device separating electrical equipment from faulty current flows. As components vital in ensuring the reliability and efficiency of the grid, demand for switchgears is poised to benefit from the growing energy demand and the aging equipment in place in most of the developed countries. The resulting higher load requirement on existing electrical switchgear infrastructure is expected to result in increased replacement demand. The growing deployment of smartgrids will help drive demand for premium priced intelligent switchgears.
Also expected to benefit the market is the research efforts undertaken by governments worldwide to exploit renewable energy sources to meet the ever-increasing demand for energy. Rising investments in alternative sources of energy will contribute to the growth of medium voltage and low voltage switchgears used for switching and general protection. Moreover, this application area will also trigger demand for miniature circuit breakers (MCB) and molded case circuit breakers (MCCB). In the coming years, growth in the market will depend largely on technology developments that commercialize new concepts and features such as energy efficiency, compact, lightweight, space conservation, and microprocessor-based intelligent controller features, among others.
The study estimates Switchgears to be a multi-billion dollar market, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report update and data analysis.
The research and analyses will be released in the next 5 weeks in the form of a comprehensively updated research report. The report by design will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Manufacturers, Vendors, Strategic Planners, Business Development Executives, Management Consultants, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision-making among existing market players and new entrants.
For more details about how you can participate, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today as one of the world's largest and reputed market research firms.
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