Hybrid Switchgear Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Hybrid Switchgear Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Hybrid Switchgear market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Hybrid Switchgear Reports Highlights
What is the size of the Hybrid Switchgear Market?
The Global Hybrid Switchgear Market is expected to grow at a combined CAGR of around 11.5% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the ever-increasing energy requirements & consumption, mounting focus on adopting renewable sources in the energy mix, the surging need to upgrade the aging substations & power plants, and the growing privatization of the power sector worldwide, especially in Australia, India, China, & Thailand and, consequently, increasing adoption of PASS (Plug and Switch System).
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What Components are encompassed within Hybrid Switchgear Market segmentation?
The report has divided the market into the following segments:
By Voltage
-Up to 72.5KV
-72.6 to 245KV
-Above 245KV
By Installation
-Onshore
-Offshore
By End User
-Infrastructure
-Transportation
-Industrial
-Others
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-ABB
-CHINT Group.
-General Electric
-Hitachi
-L&T
-Mitsubishi Electric
-Siemens
-Schneider Electric
-Switchgear Company
-TGOOD
-Toshiba Corporation
-Others.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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