Switchgear and Switchboard Apparatus Makes the Largest Segment in the Power Generation, Transmission and Control Manufacturing Market

Companies Included: Siemens AG, ABB Ltd, Schneider Electric S.A, General Electric Corporation, Mitsubishi Electric Corporation, Nidec Corporation

The power generation, transmission and control manufacturing industry includes companies manufacturing motors and generators, power, distribution and specialty transformers, relay and industry control and switchgears and switchboards. The power generation, transmission and control manufacturing market in this report is segmented into switchgear and switchboard apparatus, motor and generator, relay and industrial control and power, distribution, and specialty transformer.

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The global power generation, transmission and control manufacturing market has shown moderate growth in the past years with a CAGR of just over 4%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global power generation, transmission and control manufacturing market to grow at a much higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The switchgear and switchboard apparatus segment was the largest segment in the power generation, transmission and control manufacturing market with about 50% share of the market. This can be attributed to high demand for circuit breakers, control panels, switches and fuses from commercial establishments such as construction and individual customers. Switchgear and Switchboard Apparatus manufacturing industry comprise establishments manufacturing switchgear and switchboard apparatus. Switchgear is the combination of electrical disconnect switches and circuit breakers used in electricity transmission to interrupt or reestablish the flow of electricity.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are Siemens AG, ABB Ltd, Schneider Electric S.A, General Electric Corporation, Mitsubishi Electric Corporation, and Nidec Corporation.

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