DUBLIN--(BUSINESS WIRE)--The "Global Low and Medium Voltage Switchgear Market 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the global low and medium voltage switchgear market to grow at a CAGR of 6.46% during the period 2017-2021.
The report, Global Low and Medium Voltage Switchgear Market 2017-2021, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is evolution of smart grids. A smart grid system delivers a sustainable, secure, and economical electricity supply by intelligently assimilating the actions of all users whether they are consumers, generators, or those capable of both in a well-organized manner. Smart grids provide a convergence of an analog or digital information and computer-based remote control and automation to electric networks.
According to the report, one driver in the market is capacity expansion for renewable power generation. The US and China together accounted for about one-fifth of the global power generation capacity in 2014. China's capacity is expected to grow by single digits until 2035. Most of the significant expansion activities are happening in the renewable energy sector. Globally, as more and more countries are becoming aware of the depleting fossil fuel resources (and the associated carbon emission regulations), they are gradually adopting renewable energies such as wind and solar. This transition is aiding them to achieve their carbon emission goals and reduce dependency on fossil fuels.
Key vendors
- ABB
- GE
- Mitsubishi Electric
- Schneider Electric
- Siemens
Other prominent vendors
- Bharat Heavy Electricals Limited
- Main Systems
- OJSC Power Machines
- Powell Industries
- SKEMA
- Toshiba
-
Others
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Insulation Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/vkmj6c/global_low_and
