The global DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The demand for safe and secure electrical distribution systems across the globe is one of the major growth factors for the DC switchgear market. The governments of developing countries are investing in increasing their electrification rate by providing electricity access to remote villages. As per the International Energy Agency (IEA), 1.7 billion people are expected to gain access to electricity by 2030. These advances will boost demand for smart electronic products like smart DC switchgear in the forthcoming years.
Get Free Sample link @ https://www.omrglobal.com/request-sample/switchgear-market
The Indian government announced that it will reach net zero emissions by 2070 and meet fifty percent of its electricity requirements from renewable energy sources by 2030. Such initiatives will augment the rapid development of electric grid infrastructure that will further increase the adoption of smart electric DC switchgear. Apart from these, the collaboration among market players has also increased the market growth. For instance, in Dec 2021, Schneider Electric agreed with Minesto to develop and build ocean energy farms based on Minesto’s Deep Green technology. Likewise, in June 2020, ABB announced a collaboration with an Italian switchgear designer for a significant water purification plant in Northern Italy to provide technology for the expansion of a cooperative water purification plant.
A full report of Switchgear Market available @ https://www.omrglobal.com/industry-reports/switchgear-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global DC Switchgear Market Report by Segment
- By Voltage
o Up to 750 V
o 1,800 V to 3,000 V
o 3,000 V to 10 kV
o Above 10 kV
- By Deployment Type
o Fixed Mounting
o Plug-In
o Withdrawable Units
- By Application
o Railways
o Power Generation
o EV Charging Infrastructure
o Marine
o Others
Global DC Switchgear Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global switchgear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/switchgear-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
