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Latest Findings And The Future Potential Of The Switchgear Market

Jul 06, 2017

The Europe and North America switchgear markets are estimated to witness significant growth in the medium-voltage switchgear segment due to the growing demand for renewable power generation. Learn details of the domination by Asia Pacific with high market shares of revenue during 2016-2021


Switchgear is the group of electrically disconnected switches, fuses or circuit breakers that are utilized to regulate, defend and segregate electrical equipment. Fuses are positioned after every disconnection as it acts as a sacrificial device to provide overcurrent protection, of high voltage and the low voltage side of large power transformers.


Majority of the market demand is noted to be flowing from APAC owing to the increasing requirement for high and medium voltage switchgears in this area. This makes APAC not only the most dominant regional globally, but also the fastest growing region according to projections of IndustryARC for the forecast period 2016-2021.


North America and Europe follow the APAC region at position 2 and 3. Both these regions are estimated to witness significant growth in the medium-voltage switchgear segment due to the growing demand for renewable power generation through 2021.