MRRS adds "Switchgear Market by Voltage (52 kV), by End-user (Transmission & Distribution Utilities, Manufacturing & Process Industries, and Commercial & Residential Infrastructure), and by Region – Global Trends & Forecast to 2021" latest studies, published in January 2017. It is a professional and in-depth study.

Switchgear market is expected to reach USD 144.41 billion by 2021, at a CAGR of 10.07% during the forecast period. Switchgear is an integral part of the electric power system. The power sector offers a promising future, with growing demand for electricity following increasing urbanization in the developing nations. Switchgear forms a crucial part in the sector across various segments including power generation, transmission & distribution, and equipment protection.

Transmission & Distribution Utilities: The fastest growing end-user segment in the global switchgear market
The market is projected to be promising for utilities owing to upgrades in transmission & distribution infrastructure in developed regions. Manufacturing & process industries segment is the second most growing application for switchgears. Meanwhile, commercial & residential infrastructure and other applications, which include transportation and power generation, have a considerable combined share in the market.

Developed regions such as North America and Europe are currently focusing on smart grid technology and upgrade of their current power infrastructure for better, reliable, and efficient networks. Smart technology will integrate modern communication technologies and renewable energy sources (wind, solar, others) into future power grids to supply more efficient, reliable, and safe power. This makes transmission & distribution utilities the fastest growing end-user segment in the global switchgear market.

Asia-Pacific: The fastest growing region in the global switchgear market
Developing economies of Asia-Pacific is estimated to grow at the highest rate, due to a large number of transmission & distribution line upgrades and developments in China, India, and the ASEAN countries. The Asia-Pacific region would continue to dominate the market during the forecast period, due to strong smart grid initiatives, high investments in transmission & distribution infrastructure development, energy efficiency measures, and renewable projects. Governments of countries in the region have taken various steps for renewable energy programs, driving the demand for switchgears.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, corporate-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows
By Company Type: Tier 1- 20%, Tier2-45%, and Tier 3-35%
By Designation: Corporate-Level-25%, Director Level-35%, and Others*-40%
By Region: Americas-45%, Europe, Middle East & Africa-30%, Asia-Pacific-25%
Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 = 52 kV).

Table Of Contents
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY & PRICING 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 26
2.4.1 ASSUMPTIONS 26
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
3.1 INTRODUCTION 27
3.2 HISTORICAL BACKDROP 27
3.3 CURRENT SCENARIO 27
3.4 FUTURE OUTLOOK 29
3.5 CONCLUSION 30
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL SWITCHGEAR MARKET 31
4.2 SWITCHGEAR MARKET, BY VOLTAGE 32
4.3 ASIA-PACIFIC SWITCHGEAR MARKET SIZE, BY APPLICATION 32
4.4 SWITCHGEAR MARKET, BY REGION 33...

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