Global Switchgear Market to hit $84 Billion by 2020

While the potential growth of the switchgear space will be a boon to manufacturers of the product worldwide, the market will be rocked somewhat by upcoming Asian manufacturers posing challenges to established ones. In the Chinese high-voltage switchgear market, established international players face tough competition from the local manufacturers, which together account for almost 85% of the market. Even in India, domestic manufacturers hold a significant share of the market in the medium- and low-voltage segments. The presence of so many manufacturers in the arena, particularly in the Chinese and Indian markets, will induce intense competition and huge pricing pressures.

Our latest Switchgear Market for Power Industry, Update 2015 – Global Market Size, Equipment Market Share and Key Country Analysis to 2020 report provides analysis of the global switchgear market, with annualized market data from 2006 and forecast to 2020, with a particular focus on the US, Canada, China, India, the UK, Italy and Saudi Arabia.

Single User Price: $3,995 – No. of pages: 172

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s