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Home | Search Global IT News: IT News & Press Release Distribution: Global Switchgear Market to Grow at 10% CAGR to 2019 Forecasts a Global Research Report (IT-NEWSWIRE.COM, June 04, 2015 ) A switchgear is defined as a combination of the following components: Electrical disconnect switches Circuit breakers Protective relays Other components such as disconnectors, busbars, enclosures, and fuses The use of switchgears enables the continuous transfer of electric current and protection against current overload, short circuit, and insulation failure. It provides safe isolation from current-driven parts and modifies a load-carrying system at each level of installation. Switchgears are divided into three types based on load-bearing capacity: low-voltage switchgears, medium-voltage switchgears, and high-voltage switchgears. Switchgears are used across sectors such as power utility, industrial, residential, and commercial. Low-voltage and medium-voltage switchgears are used in industries such as oil and gas, pulp and paper, as well as in residential premises apart from power utilities. High-voltage switchgears are mainly used in power utilities. High-voltage switchgears are classified as air-insulated switchgear, gas-insulated switchgear, oil-insulated switchgear, and vacuum-insulated switchgears. The analysts forecast the global switchgear market to grow at a CAGR of 10.71% over the period 2015-2019. Covered in this Report This report covers the present scenario and the growth prospects of the global switchgear market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of switchgears. The report, the Global Switchgear Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Purchase a Report Copy at http://www.rnrmarketresearch.com/contacts/purchase?rname=388625 . Key Vendors ABB Alstom Grid GE Schneider Electric Siemens Other Prominent Vendors BHEL Crompton Greaves Eaton Hyosung Power and Industrial Systems Mitsubishi Electric OJSC Power Xian XD Inquire before Buying at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=388625 . Market Driver Renovation and Expansion of T&D Network Market Challenge Declining Profit Margins of Vendors Market Trend Transition from Conventional to Innovative Modular Switchgears Key Questions Answered in this Report What will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? Inquire for Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=388625 . About Us: RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries. RnR Market Research Ritesh Tiwari 1 888 391 5441 sales@rnrmarketresearch.com Source: EmailWire.Com Source: EmailWire.com

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