Thursday, September 27, 2018

Global Switchgear Market Leads with Comprehensive Gross Margin by 2022: Leading Companies ABB Ltd., General Electric Company, Siemens AG, EATON CORPORATION plc, Hitachi Ltd., Schneider Electric SE, Mitsubishi Electric Corporation



The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 billion by 2022. Continuous growth of construction and development activities, increasing access to electricity in developing countries, and growth in renewable power generation projects are the major factors driving the market.

Browse 80 Market Data Tables and 65 Figures spread through 199 Pages and in-depth TOC on "Switchgear Market by Voltage (< 1 KV, 1–36 KV, 3   6–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022"


The switchgear market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), Alstom SA (France), Hitachi Ltd. (Japan), Schneider Electric SE (France), and Mitsubishi Electric Corporation (Japan) among others.

Based on voltage, 36–72.5 kV voltage segment is estimated to be the fastest growing segment of the switchgear market from 2017 to 2022. This segment is expected to witness growth because of the rapid industrialization and urbanization. Aging power infrastructure leading to modernization and upgradation of the existing electrical grid and power plants are also a key factor driving the growth of 36–72.5 kV voltage segment of the switchgear market.



Based on end-user, the transmission and distribution utilities are estimated to grow at the fastest rate during the forecast period. Increasing investments in sub-station automation, modernization of electric grid, and smart utilities are the major factors driving the growth of the transmission and distribution utilities segment of the switchgear market. Switchgear enhance protection by decreasing energy losses, due to poor operational efficiency of traditional equipment.

Based on region, the switchgear market in Asia-Pacific is projected to grow by the fastest rate during the forecast period. Increasing grid investments and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the switchgear market in the region during the forecast period. Rise in investments in smart grid technologies is also driving the switchgear market in Asia-Pacific.

For More Detailed Information regarding Companies, Types and Applications visit @ https://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html

Aging power infrastructure, High Voltage Direct Current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for the switchgear companies. Moreover, governments in most of the countries are investing in renewable energy-based power generation to match up with the growing energy demand. All these factors is likely to drive the switchgear market during the forecast period.

Wednesday, September 26, 2018

Global Air Insulated Switchgear Market - ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Eaton Corporation PLC



The air insulated switchgear market is expected to grow at a CAGR of 4.68% from 2017 to 2022, to reach a market size of USD 8.41 billion by 2022. Increasing investments in transmission & distribution sector is a major factor driving the air insulated switchgear market.

The air insulated switchgear market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the air insulated switchgear industry include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland). ABB Ltd. (Switzerland) and Siemens AG (Germany) has adopted contracts & agreements as a key strategy to enhance their presence in air insulated switchgear market. 


Asia-Pacific is estimated to be the fastest growing market for air insulated switchgear from 2017 to 2022. This growth is attributed to the increasing T&D investments and rising power generation capacity in the region. The presence of manufacturing facilities is also driving the growth of air insulated switchgear in the region. The Chinese market for air insulated switchgear is expected to grow at the fastest rate during the forecast period. India and Southeast Asian countries are also expected to witness significant growth during the same period.

Based on voltage range of air insulated switchgear, the 3 kV–36 kV segment is expected to account for the largest market share in 2016. These air insulated switchgear are commonly used for power distribution, industrial, and infrastructure applications. So, rising infrastructural developments along with increasing T&D expenditure is expected to create new revenue pockets for 3 kV–36 kV segment. The >36 kV air insulated switchgear finds application primarily in power transmission over long distances. AIS are used at transmission substations and power generation substations. So, the demand for >36 kV air insulated switchgear is driven by sub-transmission and transmission sectors.

The indoor segment is estimated to be the largest market for air insulated switchgear in 2016 based on installation segment. The medium voltage air insulated switchgear is majorly installed indoor. So, the increasing installation of medium voltage switchgear is likely to drive the air insulated switchgear market in indoor segment. Renewable sector also supports the growth of indoor air insulated switchgear, with many solar and wind power plant projects deploying indoor air insulated switchgear as an integral part of their power generation and distribution network. This is expected to create new revenue pockets in the air insulated switchgear market during the forecast period.

To know more Insightful information, click here @ https://www.marketsandmarkets.com/Market-Reports/air-insulated-switchgear-market-79980057.html      
 
The report segments the air insulated switchgear market based on end-user into transmission & distribution, manufacturing and processing, infrastructure and transportation, and others. The others segment includes oil & gas, mining, and marine.  The transmission & distribution segment is estimated to be the fastest growing market for air insulated switchgear in 2016. The rising renewable power generation and increasing T&D investments is likely to drive the demand of air insulated switchgear in transmission & distribution application segment. This is expected to create new revenue pockets in air insulated switchgear market, during the forecast period. Also, the increasing investments in electro-intensive industries such as chemicals, steel, and cement are expected to drive the air insulated switchgear market in manufacturing and processing segment.

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Tuesday, September 25, 2018

Pressure Switch Market Analysis and Prediction by Leading Manufacturers, its Application and Types 2018-2023

The global pressure switch market is projected to reach USD 2.09 billion by 2023, at a CAGR of 4.39%, from an estimated USD 1.69 billion in 2018. The growth of the pressure switch market is mainly driven by the increasing focus on process automation and increasing demand for pressure switches in the transportation sector for various applications such as automotive, railways, and airplanes. 

Asia Pacific is estimated to be the fastest growing market for pressure switches, during the forecast period. The region has been segmented, by country, into China, Japan, India, South Korea, and the Rest of Asia Pacific. The pressure switch market in the region is primarily driven by the growth in various industries such as manufacturing, mining, oil & gas, textiles, and automation. In 2017, the region manufactured more than 44 million vehicles. Moreover, the government of India also plan to increase the contribution toward its manufacturing sector to reach 25% by 2025, which is likely to drive the pressure switch market in the region. 

 
The pressure switch market, by type, is segmented into electromechanical and solid-state. The solid-state pressure switch segment is estimated to be the fastest growing market, during the forecast period. The use of these switches results in higher level of precision and longer life cycle, broad frequency response, better accuracy, high resistance to shock and vibration, and improved capability to handle a wide range of system pressure. Also, the increase in technological advancements for better product functionality is further expected to create the demand for solid-state pressure switches.
The report segments the pressure switch market, by pressure range, into below 100 bar, 100–400 bar, and above 400 bar. The below 100 bar segment is estimated to be the fastest growing market, during the forecast period. These switches are mostly used in hydraulic power units, material handling machinery, railway, CNC machines, compressors/boilers, food & beverage equipment, and generators. Low cost of pressure switches coupled with multifunctionality is likely to drive the pressure switch market in the below 100 bar segment.
The pressure switch market, by application, is segmented into HVAC, monitoring & control, safety & alarm systems, and hydraulics & pneumatics. The HAVC segment is estimated to be the fastest growing market for pressure switches during the forecast period. Pressure switches in the HVAC system monitor air filters, control air and fire protection flaps, monitor flows in ventilation ducts, and protect heat exchangers from frost. All such factors are expected to drive the pressure switch market in HVAC segment. 

 
The pressure switch market, by end-user, is segmented into automotive & transportation, process & manufacturing industry, and commercial. The automotive & transportation segment is estimated to be the fastest growing market for pressure switches during the forecast period. The automotive & transportation sector includes the use of pressure switches for railways, automobiles, and electric vehicle among others. The rising automobile and electric vehicles production and investments in railways sector is likely to drive the pressure switch market in automotive & transportation segment during the forecast period. 

Pressure switches in the HVAC system monitor air filters, control air and fire protection flaps, monitor flows in ventilation ducts, and protect heat exchangers from frost. All such factors are expected to drive the pressure switch market in HVAC segment. 


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