HV switchgear is used in the electrical networks to control and protect the electrical apparatus. The dependability of electric supply highly depends on the efficiency of the HV switchgear. HV Switchgear is manufactured to use in high voltage substations in a power transmission and distribution network. The elementary function of switchgear is to safeguard the equipment by tripping the electric power at the time of abnormal conditions like a short circuit, massive electrical load transfer, etc.
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An increase in demand for electricity due to the rapid growth of automation and urbanization is the primary factor driving the growth of the HV switchgear market. The installation of new transmission and distribution networks and the development of existing transmission and distribution in developing countries are increasing the demand for HV switchgear. Favorable Govt. policies, technological advancement, enhancement, and replacement of old equipment are also supporting the HV switchgear market to expand.
The “Global HV Switchgear Market Analysis to 2028” is a specialized and in-depth study of the HV Switchgear Market with a special focus on the global market trend analysis. The report aims to provide an overview of HV Switchgear Market with detailed market segmentation by type, components, applications. The global HV Switchgear Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HV Switchgear Market players and offers key trends and opportunities in the HV Switchgear Market.
The global HV Switchgear Market is segmented on the basis of type, components, applications. On the basis of type, the market is segmented as air insulated, gas insulated, oil insulated, other types. On the basis of components, the market is segmented as air-insulated switchgears, gas-insulated switchgears, other insulations. On the basis of applications, the market is segmented as industrial, infrastructure development, oil and gas, power generation, processing and manufacturing, transmission and distribution, transportation, utilities sector, other applications.
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The report also includes the profiles of key HV Switchgear Market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The List of key Companies:
• ABB Ltd.
• China XD Electric Group Co. ltd
• Fuji Electric
• General Electric Company Crompton Greaves Limited
• Henan Pinggao Electric Co., Ltd.
• Hyosung Corporation
• Hyundai Heavy Industry, Ltd
• Mitsubishi Electric Corporation
• Nissin Electric
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.
This release was published on openPR.