(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 12, 2021, 00:11 /Comserve / -- Switchgear is a combination of circuit breakers, fuses, and switches that function to protect, control, and isolate electrical equipment or gears from the defective condition.
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.
Switchgear is a combination of circuit breakers, fuses, and switches that function to protect, control, and isolate electrical equipment or gears from the defective condition.
GCC Switchgear Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC Switchgear market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors' research report titled“GCC Switchgear Market Analysis, 2020”, the GCC Switchgear market is anticipated to grow at a CAGR of around 5% during 2020-25 owing to paradigm shift toward the integration of smart meter, extensive demand for energy-efficient systems, and growing inclination toward renewable energy integration across transmission and distribution networks.
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The Final Report will cover the impact analysis of COVID-19 on this industry: GCC Switchgear Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
However, the surging investment toward the development of transportation infrastructure and commercial & industrial facilities along with a booming population and spur in retrofitting of transmission lines projects are leading to a growth in the demand for power infrastructure which would further augment the growth of Switchgear market in the region. In addition, the soaring need for monitoring and control systems across power grid networks and expansion in transmission and distribution network are expected to promote the demand for switchgear in the coming years.
Medium Voltage Acquired the Considerable Market Share
Based on Voltage, Medium Voltage segment acquired the considerable market share in 2019 due to extensive investments toward the non-oil & gas sector by the key GCC countries such as UAE, Saudi Arabia, and Qatar. In addition, surging rate of spending toward the development of smart grids & public and transportation infrastructure such as airports, metros etc., along with establishment of nuclear power plants and rising demand for medium voltage switchgear in commercial, industrial and utility applications to protect and control electrical equipment are key factors which are projected to spur the demand for medium voltage switchgear in the forecast period as stated in the MarkNtel Advisors' research report“GCC Switchgear Market Analysis, 2020”.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: GCC Switchgear Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Switchgear market include General Electrics, Hitachi, ABB, Siemens, Fuji Electrics, Mitsubishi, Schneider, Eaton, Alfanar, Al Ahelia Switchgear Co.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Switchgear Market?
2. What is the country wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Switchgear Market?
4. Who are the key competitors or market players and how they perform in GCC Switchgear Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of GCC Switchgear Market study?
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Impact of COVID-19 on GCC Switchgear Market
4. Expert Verbatim-Interview Excerpts of industry experts
5. GCC Switchgear Market Outlook, 2015-2025F
5.1. Market Size & Analysis
5.1.1. By Revenues
5.2. Market Share & Analysis
5.2.1. By Insulation
5.2.1.1. Gas Insulated Switchgear
5.2.1.2. Air Insulated Switchgear
5.2.1.3. Oil Insulated Switchgear
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