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Sector Analysis
Switchgears for Power Transmission Market Trends and Analysis by Region, Technology, Installed Capacity, Key Players and Forecast to 2027
Switchgears for Power Transmission Market Report Overview The high-voltage (HV) switchgear market size was $25.02 billion in 2022. The market was expected to achieve a CAGR of more than 4% during 2023-2027. The increasing demand for electricity is propelling the HV switchgear market in growing economies such as Asia-Pacific and the Middle East, with capacity addition in the generation and transmission sectors. The replacement of the aging grid infrastructure, shift to renewable energy, grid reliability issues, improved policy and investment...
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Sector Analysis
Switchgear in Utilities 2.0 – How Tech is Driving the Sector Innovation
Switchgear in Utilities 2.0 Report Overview Over the last couple of years, there have been some developments happening for Switchgear and its sub-assets when it comes to implementation of emerging technologies. For instance, there are product launches for new types of switchgear and related solutions from Hitachi, Zuken, a Japanese electrical and electronic design and manufacturing company, and Schneider Electric with a focus on Digital Twins and Remote and Predictive Maintenance. On the other hand, ABB is more focused on...