Research and Markets: ABB, Alstom Grid, GE, Schneider Electric and Siemens Dominate the Global Switchgear Market, 2015 Report Says
September 4, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/lbvvmm/global_switchgear) has announced the addition of the “Global Switchgear Market 2015-2019” report to their offering.
According to the report, the global switchgear market is forecast to grow at a CAGR of 10.71% over the period 2015-2019. The cumulative demand from replacement activities is one of the major factors driving the market. Several electric utilities and non-utility generators are replacing old equipment such as T&D transformers, switchgears, circuit breakers, and pole and line hardware, with technically advanced T&D equipment. The use of legacy T&D equipment leads to huge power losses, thereby reducing overall organizational productivity and hiking operational costs. However, the effective deployment of the latest T&D equipment enables electricity providers to improve their operational productivity. In addition, the modernization of an existing plant not only increases the lifecycle of the plant, but also helps reduce overall maintenance, repair, and overhaul expenses.
Further, the report states that vendors operating within the market are observing a slow decline in their profit margins due to the fluctuating prices of raw materials.
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Voltage Type
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Country
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Companies Mentioned
- ABB
- Alstom Grid
- BHEL
- Crompton Greaves
- Eaton
- GE
- Hyosung Power and Industrial Systems
- Mitsubishi Electric
- OJSC Power
- Schneider Electric
- Siemens
- Xian XD
For more information visit http://www.researchandmarkets.com/research/lbvvmm/global_switchgear
View source version on businesswire.com: http://www.businesswire.com/news/home/20150904005297/en/
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Sector: Electricity
