The Global Switchgear And Switchboard Apparatus Manufacturing Market Is Valued At $210 Billion In 2017 According To TBRC’s Latest Report

The 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...

The 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 re-establish the flow of electricity.

Read the report at

https://www.thebusinessresearchcompany.com/report/switchgear-and-switchboard-apparatus-global-market-report-2018

The market is valued at $210 billion in 2017 because of the demand from plants and industrial sites such as motion controllers, speed drives, motor starters and contactors, human-machine interface operator panels, logic controllers, push buttons and signalling devices which provide automation solutions.

The market in the report is segmented into: switchboard manufacturing and switchgear manufacturing.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=88&type=smp

China was the largest country in the switchgear and switchboard apparatus manufacturing market in 2017, accounting for two-fifth of the market share followed by Germany and USA.

The top five competitors in the market made up over 8% of the total market share in 2017. ABB Ltd was the largest competitor, followed by Toshiba Corporation, Schneider Electric S.A., General Electric Corporation and China XD Electric Co Ltd. ABB Group is one of the largest engineering companies and a conglomerate operating mainly in robotics, power and automation technology. It was founded in 1988 and is headquartered in Switzerland. The company operates in around 100 countries and had approximately 132,000 employees as of 2016.

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