The switchgear and switchboard apparatus manufacturing industry comprise establishments manufacturing switchgear and switchboard apparatus. Switchgear is the combination of electrical disconnect switches and circuit breakers used in electricity transmission to interrupt or reestablish the flow of electricity.
Asia Pacific was the largest region in the switchgear and switchboard apparatus manufacturing market in 2017, accounting for around 53% market share. Western Europe was the second largest region accounting for around 33% market share. South America was the lowest region accounting for around 1% market share.
Switchboard segment was the largest segment in the switchgear and switchboard apparatus manufacturing market with a 56% share of the market. Switchgear segment was the second largest segment in the switchgear and switchboard apparatus manufacturing market with a 44% share of the market.
Increasing preference for pad-mounted switchgear was considered to be one of the latest trends shaping the switchgear and switchboard apparatus manufacturing industry market as of 2016. The demand for pad mounted switch gear is increasing rapidly owing to the rise in underground electricity distribution systems in many countries. Pad mounted switch gear includes switch and fuse components enclosed in an air insulated steel component that keeps out foliage, wildlife, contaminants and also minimizes exposure to live parts. Padmount switches are operated either manually or through various automation systems .Pad mounted switch gears are widely used in industries to enable continuous reliable power supply through underground systems. For instance, pad mounted switchgear is expected to grow at a CAGR of 9.1% in the forecast period.
Companies Covered:Toshiba Corporation, ABB Ltd And Schneider Electric S.A.
Market Segments Included: Switchgear Manufacturing And Switchboard Manufacturing .
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