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Europe Switchgear Market Size By Voltage (Low, Medium, High), By Insulation (Air, Gas, Oil, Vacuum), By Installation (Indoor, Outdoor), By Current (AC, DC), By Application (Residential & Commercial, Industrial, Utility), Industry Analysis Report, Country Outlook (UK, Germany, France, Russia, Italy, Austria), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: September 2020 | Publisher: Graphical Research Report ID: GR1420 | Delivery : PDF

Europe Switchgear Market Growth is projected to witness impetus on account of increasing demand for efficient transmission systems and growing investments toward infrastructural development. Shifting focus toward renewable power generation along with integration of cogeneration plants across the power grid networks will positively influence the business outlook. In addition, rising focus towards automation across power distribution infrastructure will stimulate industry growth.

Low voltage switchgear market will gain an appreciable momentum owing to expansion of microgrid networks coupled with refurbishment of existing electric infrastructure. Increasing consumer focus toward smart monitoring and control devices along with growing electricity demand will boost the product adoption. The product integrates key advantages including low unit cost, quick reaction time and low failure rates.

Indoor based switchgear industry is projected to grow owing to flourishing real estate sector and increasing expenditure toward production deployment. Rising demand for manufactured goods along with expansion of small scale industries will drive the business scenario. Favorable government policies toward sustainable power generation systems in line with surging demand of advanced units to control & monitor electric equipment will escalate the industry growth.

Switchgear market across Germany is set to witness growth on account of strict mandates pertaining to network stability & reliability and upgradation of aging transmission networks. The public and private players are investing extensively toward the expansion of smart grid technology which in turn will augment the business landscape. Moreover, wide scale product integration across process industries, power and railway sector will positively sway the industry potential.

Stringent regulatory norms toward integration of energy efficient systems coupled with adoption of decentralized power supply networks will boost the air insulated switchgear industry. Development of commercial and residential establishments including apartments, restaurants and offices will fuel the industry dynamics. The product offers key benefits including high impulse withstanding voltages and flexible power frequencies when compared to its available counterparts.

Digitalization of power utilities and integration of communication data centers will accelerate the AC based units. Rising space constraints coupled with increasing demand for safe & reliable systems in line with growing deployment of decentralized power systems will complement the industry outlook. Furthermore, ongoing investments toward solar and offshore wind farms will positively influence the business landscape.

The major participants operating in the market across Europe includes Toshiba, ABB, General Electric, Mitsubishi Electric Systems, Siemens AG, Schneider Electric, Larson & Turbo, Fuji Electric, Hubbell and Hitachi Ltd.  The manufacturers are developing advanced technologies and introducing new products to meet the competition prevailing in the industry.
 

Frequently Asked Question(FAQ) :

Europe Switchgear Market value is projected to witness impetus on account of increasing demand for efficient transmission systems and growing investments toward infrastructural development.
Switchgear market across Germany is set to witness growth on account of strict mandates pertaining to network stability & reliability and upgradation of aging transmission networks. The public and private players are investing extensively toward the expansion of smart grid technology which in turn will augment the business landscape. Moreover, wide scale product integration across process industries, power and railway sector will positively sway the industry potential.
The major participants operating in the switchgear market across Europe includes Toshiba, ABB, General Electric, Mitsubishi Electric Systems, Siemens AG, Schneider Electric, Larson & Turbo, Fuji Electric, Hubbell and Hitachi Ltd.

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Europe Switchgear Market Share & Trends 2020 - 2026 | Driving Factors


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