Shibuya-ku, Tokyo, Japan, Japan, Jan 07, 2022, 03:11 /Comserve / -- Pad-mounted switchgear market is expected to reach a value of USD 6.3 billion by 2020, at a CAGR of 9.1% during 2015-2020. Increasing T&S infrastructure investments along with the rising trend towards placing electrical
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Pad-mounted switchgear market is expected to reach a value of USD 6.3 billion by 2020, at a CAGR of 9.1% during 2015-2020. Increasing T&S infrastructure investments along with the rising trend towards placing electrical lines underground is driving the demand for pad-mounted switchgears across the world. Pad-mounted switchgear is considered to be a vital protection component in present day underground distribution networks which are more reliable as compared to overhead lines. North America and Europe are investing heavily towards upgrade of their aging T&D infrastructure. Globally all countries are moving towards adopting underground distribution networks as they are less susceptible to lightning and have low maintenance costs.
Air insulated pad-mounted switchgear dominates the global market:
Air insulated pad-mounted switchgear is the largest market segment nearly holding half of the total market in 2014. This is attributed to its economic viability. In areas with extensive space, air insulated switchgear is the primary choice due to its low cost. Air insulated pad-mounted switchgear market is further segmented by its voltage rating. Air insulated pad-mounted Switchgear at 16-25 kV voltage held the largest market share by value in 2014 followed by 0-15 kV air insulated pad-mounted switchgears.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Pad-Mounted Switchgear Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)
Asia-Pacific: The fastest growing region in pad-mounted switchgear market
Asia-Pacific is the fastest growing market for pad-mounted switchgear. Growing trend towards underground distribution is driving the market for pad-mounted switchgears in the region. Massive T&D network expansion and industrialization projects in Asia-Pacific countries are influencing the growth in the region.
Breakdown of Primaries:
Interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows
By Company Type: Tier 1- 40%, Tier2-35%, and Tier 3-25%
By Designation: C-Level-55%, Manager Level-45%,
By Region: North America-20%, Europe-10%, Asia-Pacific-40%, and RoW-30%
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-61230
The Final Report will cover the impact analysis of COVID-19 on this industry: Pad-Mounted Switchgear Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2020(Trending Report)
Why buy this report?
1. The report identifies and addresses key markets for pad-mounted switchgears which is useful for suppliers and OEMs to review production and distribution plans
2. The report includes analysis for key countries by application of pad-mounted switchgears, i.e. industrial, commercial, and residential. It analyses historical trends and also forecast for 2020 assisting in strategic decision making
3. It also presents competition by analyzing recent market developments such as key contracts, expansions, and new product launches from the key global market players. It helps understand the competition strategies and plan respective initiatives
TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.2 PRIMARY DATA 17
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23
2.5 LIMITATIONS 23
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