The global DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The demand for safe and secure electrical distribution systems across the globe is one of the major growth factors for the DC switchgear market. The governments of developing countries are investing in increasing their electrification rate by providing electricity access to remote villages. As per the International Energy Agency (IEA), 1.7 billion people are expected to gain access to electricity by 2030. These advances will boost demand for smart electronic products like smart DC switchgear in the forthcoming years.
Browse the full report description of “DC Switchgear Market Size, Share, and Trends Analysis Report, By Voltage (Up to 750 V, 1,800 V to 3,000 V, 3,000 V to 10 kV, Above 10 kV), Deployment Type (Fixed Mounting, Plug-In, and Withdrawable Units,), By Application (Railways, Power Generation, EV Charging Infrastructure, Marine, and Others), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/dc-switchgear-market
The Indian government announced that it will reach net zero emissions by 2070 and meet fifty percent of its electricity requirements from renewable energy sources by 2030. Such initiatives will augment the rapid development of electric grid infrastructure that will further increase the adoption of smart electric DC switchgear. Apart from these, the collaboration among market players has also increased the market growth. For instance, in Dec 2021, Schneider Electric agreed with Minesto to develop and build ocean energy farms based on Minesto’s Deep Green technology. Likewise, in June 2020, ABB announced a collaboration with an Italian switchgear designer for a significant water purification plant in Northern Italy to provide technology for the expansion of a cooperative water purification plant.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Voltage
o By Deployment Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- ABB Ltd, Siemens AG, Eaton Corporation, Hitachi Group, General Electric, Schneider Electric, Sécheron, LS ELECTRIC, Mitsubishi Electric Corp, among others.
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global DC Switchgear Market Report by Segment
• By Voltage
o Up to 750 V
o 1,800 V to 3,000 V
o 3,000 V to 10 kV
o Above 10 kV
• By Deployment Type
o Fixed Mounting
o Plug-In
o Withdrawable Units
• By Application
o Railways
o Power Generation
o EV Charging Infrastructure
o Marine
o Others
Global DC Switchgear Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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