A switchgear is defined as a combination of electrical disconnect switches, circuit breakers, protective relays, and other components such as disconnectors, busbars, enclosures, and fuses. The use of switchgear enables the continuous transfer of electric current and protection against current overload, short circuit, and insulation failure. It is designed to protect, control, and isolate electrical transmission and distribution networks, substations, and other electrical equipment. A high-voltage switchgear, used in power utilities, is installed in high-voltage substations. This switchgear is classified as air-insulated switchgear and gas-insulated switchgear.
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Technavio's analysts forecast the global high-voltage switchgear market to grow at a CAGR of 12.89% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global high-voltage switchgear market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of high-voltage switchgear.
Technavio's report, Global High-voltage Switchgear Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key Vendors
ABB
Alstom Grid
GE
Siemens
Other Prominent Vendor
BHEL
Crompton Greaves
Eaton
Hyosung Power and Industrial Systems
Mitsubishi Electric
OJSC Power
Xian XD
Market Driver
Rapid Industrialization
For a full, detailed list, view our report
Market Challenge
Lack of Product Differentiation
For a full, detailed list, view our report
Market Trend
Change from Conventional to Innovative Modular Switchgears
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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