Description:
Axiom Market Research Consulting™ added a report on the global DC Switchgear Market
which includes studies on type, and application across various Countries and key regions across the globe. Axiom MRC provides a variety of market research consulting services using its scientific, objective, and all-encompassing research methodologies.
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Switchgear plays a crucial role in ensuring safe and reliable operation of electrical systems. It protects electrical equipment from damage due to overcurrent, short circuits, and other electrical faults. Switchgear also helps in isolating faulty equipment or sections of the electrical network, allowing maintenance work to be carried out safely without disrupting the entire system.
The increasing demand for electricity and the need for reliable and efficient electrical distribution systems have been driving the growth of the switchgear market globally. The growing industrialization and urbanization in emerging economies are also expected to fuel the demand for switchgear in the coming years.
DC switchgear, in particular, is used in various DC power systems and finds extensive applications in the transportation sector, such as in railways and electric vehicles, where DC power is used. The increasing adoption of renewable energy sources, such as solar and wind, is also expected to boost the demand for DC switchgear in the coming years.
Overall, the switchgear market is expected to witness significant growth in the coming years, driven by various factors such as increasing demand for electricity, growing industrialization and urbanization, and the adoption of renewable energy sources. The market is also expected to witness strong competition among key players, leading to innovative product launches and strategic partnerships and collaborations to expand their market share.
Key Players:
- Hitachi Energy Ltd.
- Siemens
- PLUTON Rail PTY LTD
- ABB
- Eaton
- LT Electrical Automation
- Lucy Electric
- Powell Industries
- Myers Power Production, Inc.
- Grimard
- DAOQ Group.
- Schaltbau GmbH.
- FLOHE GmbH
DC Switchgear Market By Voltage:
- Low Voltage (Up 1kV)
- Medium Voltage (1kV - 69kV)
- High voltage (69kV-230kV)
- Extra High Voltage (Above 230kV)
- Others
DC Switchgear Market By Deployment Type:
- Fixed Mounting
- Plug-in
- Withdrawable Units
DC Switchgear Market By Application:
- Railways
- Solar Farms
- Marine
- Power Generation
- Others
DC Switchgear Market By Geography:
North America and Europe are expected to hold a significant market share due to the increasing need for upgrading aging power infrastructure and the growing emphasis on clean energy generation. In addition, the increasing focus on grid modernization and smart grid technologies in the region is expected to drive the growth of the switchgear market. The market growth in these regions is also attributed to the presence of established players and significant investments in research and development activities.
Furthermore, the Middle East and Africa region is expected to witness significant growth during the forecast period owing to the increasing investment in power generation projects and the rising need for electrification in the region. The increasing demand for electricity and the rising industrialization in the region are also expected to drive the market growth.
Overall, the global switchgear market is expected to witness significant growth during the forecast period due to the increasing demand for electricity and the growing emphasis on renewable energy sources, which is expected to drive the adoption of switchgear in power distribution networks.
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