The global economic downturn had a wide reaching impact on the global switchgear industry as manufacturers found it difficult to regain their footing in the market until 2011. The 2008-2009 economic downturn led to a decline in demand for switchgears along with a lack of availability for market credit and liquidity. This in turn impacted the ability of companies to expand, modernize, and also their maintenance programs.
However, with an aging infrastructure in the transmission and distribution industries around the world and aging switchgears needing replacements, the global switchgear industry has bounced back and medium and long term forecast for growth is highly positive. In 2014, the global switchgear industry posted revenues of over USD 45,000 million and this is expected to cross USD 86,000 million by the year 2020.
Divided into 7 chapters, Taiyou Research brings an analysis of the Global Switchgear Industry that analyzes the market from the year 2000 to 2020. The report, Global Switchgear Industry 2015, covers the following:
An industry definition. The report looks at the switchgear market through high voltage switchgears, medium voltage switchgears and low voltage switchgears.
Market profile and market size of the global switchgear industry.
Analysis of the factors impacting the market such as ageing equipments in many countries, an increase in electricity generation along with an increase in capital spending.
Analysis of the challenges facing the global switchgear industry such as the economic slowdown, an increase in the cost of raw materials, impact of price-based competition and other factors.
Chapter 2: Analysis of the Switchgear Market in Asia Pacific
Analysis of the switchgear market in Asia Pacific through market profile, impacts on the industry, market barriers, etc.
Major markets in Asia Pacific are analyzed through market profile, market size, industry cost trends, the market for HV switchgears, market for MV switchgears, market for LV switchgears and distribution channels for switchgears in the country. Each segment also looks at the market profile and the major players in that segment and their market share.
Major Asia Pacific markets analyzed include Australia, China and India.
Chapter 3: Analysis of the Switchgear Market in North America
Analysis of the market for switchgears in North America through a market profile, factors impacting the industry and challenges facing the industry.
Major markets analyzed in the North American switchgear industry include Canada and the United States.
Each market is analyzed through a market profile, industry trends, the 3 segments of HV switchgears, MV switchgears and LV switchgears. Each market segment is analyzed through a market profile and an analysis of the major players and their marker share. Distribution channels in Canada and the US for switchgears are also looked at.
Chapter 4: Switchgear Market in Europe
Analysis of the Switchgear Market in Europe through a market profile, challenges facing the industry and the factors impacting the market for switchgears in Europe.
Switchgear markets analyzed in Europe include Germany and Italy and they are analyzed through a market profile, analysis of the segments of HV, MV and LV switchgears, and distribution channels for switchgears in these countries.
Chapter 5: Global Switchgear Market – Outlook
Forecast for the global switchgear market is segmented through an outlook for the Asia Pacific switchgear industry, the European switchgear industry, the North American switchgear industry and an outlook for the switchgear market in Rest of the World. Outlook is provided till the year 2020.
Chapter 6 carries out an analysis of the major industry players that are active in the global switchgear industry such as ABB Ltd., Alstom SA, Areva SA, Eaton Corporation, GE, Rockwell Automation, Siemens AG, Powell Industries, etc.
Players are analyzed through a company overview, business segments, financial analysis and a SWOT analysis.
Total of 20 major industry players are analyzed in the report.
Chapter 7 concludes this research report with the inclusion of a glossary and the provision of our research methodology.