Switchboard consists of one or more panels with various switches and indicators used to direct electricity and operate circuits. Bus bars inside switchboards are flat strips of copper or aluminum used to carry large currents through the switchboards.
Switchboard Global Market Size
The global switchboard market was valued at $120.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $64.9 billion or 53.7% of the global market. China was the largest country accounting for $48.7 billion or 40.3% of the global switchboard market.
Switchboard Global Market Trend
Switchboard manufacturers are providing smart home products and home automation devices such as smart switches and switchboards. These smart switchboards are pre-configured and pre-programmed with the ability to integrally support remote monitoring, configuration and control of embedded intelligent devices. These devices can be connected to computers and smart devices to monitor the electricity usage and helps in optimum utilization of energy and reduce maintenance costs.
The companies covered are ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric S.A., Emerson Process Management, and Rockwell Automation.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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