marketreports

Switchgear is the grouping of electrically disconnected switches, fuses or circuit breakers that are utilized to regulate, defend and segregate electrical equipment. Switchgears encompass fuses, isolators, and circuit breakers. 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. The rising investments in the broadcast and circulation of infrastructure coupled with the growing demand for renewable energy sources are the major factors driving the demand for switchgear across the globe. In terms of market shares medium voltage switchgear market segment dominates the global switchgear market, where as in terms of growth rate low voltage switchgear market is projected to offer double digit CAGR, higher than that of other voltage sub-segments. The global gas insulated switchgear market is expected to show impressive growth in the future. The Global Switchgear...