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The global gas insulated switchgear market was valued at USD 16.94 Billion in 2017 and is projected to reach USD 28.09 Billion by 2023 Austin Seibert Game Jersey , at a CAGR of 8.73% during the forecast period.
Major players operating in the market include ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Toshiba (Japan), and Nissin Electric (Japan).
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Objectives of the Study
鈥?To define and segment the gas insulated switchgear market with respect to type, voltage, installation Sheldrick Redwine Game Jersey , end-user, and region.
鈥?To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
鈥?To strategically analyze the gas insulated switchgear market with respect to individual growth trends, future expansions, and contributions to the market
鈥?To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
鈥?To forecast the growth of the gas insulated switchgear market with respect to the major regions (Asia Pacific Sione Takitaki Game Jersey , Europe, North America, South America, and the Middle East & Africa)
鈥?To strategically profile key players and comprehensively analyze their market rankings and core competencies
鈥?To analyze competitive developments, such as contracts & agreements, new product developments, mergers & acquisitions Greedy Williams Game Jersey , investments and expansions, partnerships, joint ventures, and collaborations in the gas insulated switchgear market
Research Methodology
This research study involved the use of extensive secondary sources, directories, journals on power generation technologies, and other related markets; newsletters and databases such as D&B David Njoku Game Jersey , Bloomberg, Businessweek, and Factiva, among others, to identify and collect information useful for a technical, market-oriented, and commercial study of the global variable speed generator market. The primary sources include several industry experts from the core and related industries Myles Garrett Game Jersey , vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industry鈥檚 value chain.
To know about the assumptions considered for the study, download the pdf brochure
In this report, the gas insulated switchgear market has been analyzed with respect to five regions Nick Chubb Game Jersey , namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as increased power consumption; government mandates on energy efficiency; rising influx of renewable sources in the energy mix; and renovation, modernization Denzel Ward Game Jersey , and upgradation of aging hydropower plants are to drive the gas insulated switchgear market in the region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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