Published by Uma Rajagopal
Posted on February 8, 2022
DC Switchgear Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, During the forecast period, the DC switchgear market holds average growth prospect with an anticipated CAGR of 6% CAGR to reach a valuation of US$ 15 Bn by 2026, from US$ 11 Bn in 2021.
As per a recent report published by FMI, the DC Switchgear Market is expected to record an average CAGR of 6% during the forecast period.
The DC switchgear industry growth is likely to be boosted by the shifting preference towards energy-efficient distribution networks, as well as increased concerns about transmission network stability, security, and reliability. Growing investments in renewable energy sector also holds high potential for creating lucrative DC switchgear market opportunities over the forecasted period.
| Attributes | Details |
| DC Switchgear Market CAGR (2022 – 2032) | 6% |
| DC Switchgear Market (2026) | US$ 15 Bn |
| DC Switchgear Market Attraction | Increasing investment in upscaling and modernization of the railway sector to hold opportunities |
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14262
The COVID-19 pandemic led to a substantial drop in transportation and related activities, which had an impact on energy demand, hence constraining DC switchgear market growth.
However, the DC switchgear market study finds that the demand for rail transportation is steadily expanding. Short-distance air travel can be replaced by high-speed rail. But significant investment in the power supply network is required to operate high-speed railways economically. As DC switchgear is an essential component of DC substations, opportunities for players in the DC switchgear market are anticipated to rise.
Solar, wind (onshore and offshore), biomass, hydropower, and geothermal power plants are all rural areas and DC switchgear companies use HVDC systems to connect such far-flung power-producing sources and reduce transmission losses with long-distance power transmissions.
In new or under development projects, combining renewable power generation sources with HVDC transmission connections is becoming more common. These necessitate frequent and consistent monitoring of the entire system to ensure minimal losses and fault protection. Switchgear is required for the proper operation of HVDC converter stations. As a result, the factor presents a lucrative DC switchgear market opportunity for makers.
Multiple hurdles, such as adverse environmental conditions, demanding laws, and technical concerns, are linked with installing upgraded DC switchgear; all of which constitute a danger to any nation’s economy. Smart gadgets help any power supply system run smoothly, but they can also be a security risk due to anti-social forces.
When passing through the security on remote access, data theft, or security breaches could occur, resulting in blackouts and power outages. Substations, of which DC switchgear is a part, require a multi-layer shield to protect its cyber security, which could impede the growing demand for DC switchgear.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14262
Scope of the Report
| Attributes | DC Switchgear Market | Low Voltage Switchgear Market | Switchgear Market |
| CAGR (2022 – 2032) | 6% | 4% | 5.5% |
| Market Value (2026) | US$ 15 Bn | US$ 80.3 Bn | US$ 90 Bn |
| Growth Factor | Shift towards EV to keep the market lucrative. | Quick reaction time and low unit cost drives high adoption of low voltage switchgear. | Growing investments in renewable energy to underpin demand for DC switchgear. |
| Opportunity | Recovery from COVID-19 pandemic to offer market new opportunities from T&D sector. | Favorable government regulations to offer manufacturers the pathway to innovate. | Aging power infrastructure offers new opportunities for market players. |
| Key Trends | Agreements and contracts can boost inorganic growth. | Investment in plug-in low voltage switchgear segment can bode well. | New product development to be the way forward. |
Key Takeaways:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14262
A few key players in the DC switchgear market are Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland) and Eaton (Ireland), L & T (India), Lucy Electric (UK), Hubbell Incorporated (United States).
DC switchgear companies use different strategies to acquire a high share in the DC switchgear market. Some of the key strategies in DC switchgear market include contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Level Switches Market – The growing demand from end-use industries, where level switches or sensors are highly used in various applications is going to boost the growth of the global level switches market.
Vacuum Switches Market – Vacuum switches create a connection with the linked circuit when they sense a change in pressure or vacuum at the input point of the switch. It is a device that guides the flow of any fluid or gas to generate vacuum.
Gas Insulated Switchgears (GIS) Market – Electricity is a green source of power, which has gained significant importance in the modern life. Most of the home appliances, industrial machineries, trains and many other systems rely on electrical supply.
Safety Limit Switches Market – A safety limit switch is an electromechanical device used as a sensor, it works with mechanical operation. It detects the presence/ absence of abnormal activities of machines or equipment like a sensor monitoring as a control system.
Right Angle Fastener Market – According to assessment, the right angle fastener market is projected to witness growth over 4% to 6% CAGR during the assessment period of 2021 to 2031.
Slurry Valves Market – According to research, the Slurry Valves market is projected to expand between 4% and 8% CAGR during the 2021 to 2031 assessment period. The growth of oil and gas sectors throughout the globe has resulted in a rise in demand for slurry valves.
Storm Surge Barriers Market – According to research estimates, the Storm Surge Barriers market is anticipated to exhibit promising growth between 3% and 4% during the tenure of 2021 to 2031. Global demand for flood-control infrastructure will be driven by rising expenses associated with a rise in the frequency and severity of floods.
Trencher Attachment Market – Insights revealed by the study on the Trencher Attachment market portray substantial gains, with the market expanding at a healthy CAGR of 6% to 7% from 2021 to 2031.
Traffic Signal Controller Market – A study on the Traffic Signal Controller market reveals that the industry is expected to progress at around 4 to 6% CAGR from 2021 to 2031.
Trommel Screen Market – According to the assessment the Trommel screen market is projected to grow between 3.5% to 4% CAGR during the assessment period of 2021 to 2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Report: https://www.futuremarketinsights.com/reports/dc-switchgear-market
Press Release Source: https://www.futuremarketinsights.com/press-release/dc-switchgear-market
DC Switchgear Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, During the forecast period, the DC switchgear market holds average growth prospect with an anticipated CAGR of 6% CAGR to reach a valuation of US$ 15 Bn by 2026, from US$ 11 Bn in 2021.
As per a recent report published by FMI, the DC Switchgear Market is expected to record an average CAGR of 6% during the forecast period.
The DC switchgear industry growth is likely to be boosted by the shifting preference towards energy-efficient distribution networks, as well as increased concerns about transmission network stability, security, and reliability. Growing investments in renewable energy sector also holds high potential for creating lucrative DC switchgear market opportunities over the forecasted period.
| Attributes | Details |
| DC Switchgear Market CAGR (2022 – 2032) | 6% |
| DC Switchgear Market (2026) | US$ 15 Bn |
| DC Switchgear Market Attraction | Increasing investment in upscaling and modernization of the railway sector to hold opportunities |
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14262
The COVID-19 pandemic led to a substantial drop in transportation and related activities, which had an impact on energy demand, hence constraining DC switchgear market growth.
However, the DC switchgear market study finds that the demand for rail transportation is steadily expanding. Short-distance air travel can be replaced by high-speed rail. But significant investment in the power supply network is required to operate high-speed railways economically. As DC switchgear is an essential component of DC substations, opportunities for players in the DC switchgear market are anticipated to rise.
Solar, wind (onshore and offshore), biomass, hydropower, and geothermal power plants are all rural areas and DC switchgear companies use HVDC systems to connect such far-flung power-producing sources and reduce transmission losses with long-distance power transmissions.
In new or under development projects, combining renewable power generation sources with HVDC transmission connections is becoming more common. These necessitate frequent and consistent monitoring of the entire system to ensure minimal losses and fault protection. Switchgear is required for the proper operation of HVDC converter stations. As a result, the factor presents a lucrative DC switchgear market opportunity for makers.
Multiple hurdles, such as adverse environmental conditions, demanding laws, and technical concerns, are linked with installing upgraded DC switchgear; all of which constitute a danger to any nation’s economy. Smart gadgets help any power supply system run smoothly, but they can also be a security risk due to anti-social forces.
When passing through the security on remote access, data theft, or security breaches could occur, resulting in blackouts and power outages. Substations, of which DC switchgear is a part, require a multi-layer shield to protect its cyber security, which could impede the growing demand for DC switchgear.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14262
Scope of the Report
| Attributes | DC Switchgear Market | Low Voltage Switchgear Market | Switchgear Market |
| CAGR (2022 – 2032) | 6% | 4% | 5.5% |
| Market Value (2026) | US$ 15 Bn | US$ 80.3 Bn | US$ 90 Bn |
| Growth Factor | Shift towards EV to keep the market lucrative. | Quick reaction time and low unit cost drives high adoption of low voltage switchgear. | Growing investments in renewable energy to underpin demand for DC switchgear. |
| Opportunity | Recovery from COVID-19 pandemic to offer market new opportunities from T&D sector. | Favorable government regulations to offer manufacturers the pathway to innovate. | Aging power infrastructure offers new opportunities for market players. |
| Key Trends | Agreements and contracts can boost inorganic growth. | Investment in plug-in low voltage switchgear segment can bode well. | New product development to be the way forward. |
Key Takeaways:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14262
A few key players in the DC switchgear market are Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland) and Eaton (Ireland), L & T (India), Lucy Electric (UK), Hubbell Incorporated (United States).
DC switchgear companies use different strategies to acquire a high share in the DC switchgear market. Some of the key strategies in DC switchgear market include contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Level Switches Market – The growing demand from end-use industries, where level switches or sensors are highly used in various applications is going to boost the growth of the global level switches market.
Vacuum Switches Market – Vacuum switches create a connection with the linked circuit when they sense a change in pressure or vacuum at the input point of the switch. It is a device that guides the flow of any fluid or gas to generate vacuum.
Gas Insulated Switchgears (GIS) Market – Electricity is a green source of power, which has gained significant importance in the modern life. Most of the home appliances, industrial machineries, trains and many other systems rely on electrical supply.
Safety Limit Switches Market – A safety limit switch is an electromechanical device used as a sensor, it works with mechanical operation. It detects the presence/ absence of abnormal activities of machines or equipment like a sensor monitoring as a control system.
Right Angle Fastener Market – According to assessment, the right angle fastener market is projected to witness growth over 4% to 6% CAGR during the assessment period of 2021 to 2031.
Slurry Valves Market – According to research, the Slurry Valves market is projected to expand between 4% and 8% CAGR during the 2021 to 2031 assessment period. The growth of oil and gas sectors throughout the globe has resulted in a rise in demand for slurry valves.
Storm Surge Barriers Market – According to research estimates, the Storm Surge Barriers market is anticipated to exhibit promising growth between 3% and 4% during the tenure of 2021 to 2031. Global demand for flood-control infrastructure will be driven by rising expenses associated with a rise in the frequency and severity of floods.
Trencher Attachment Market – Insights revealed by the study on the Trencher Attachment market portray substantial gains, with the market expanding at a healthy CAGR of 6% to 7% from 2021 to 2031.
Traffic Signal Controller Market – A study on the Traffic Signal Controller market reveals that the industry is expected to progress at around 4 to 6% CAGR from 2021 to 2031.
Trommel Screen Market – According to the assessment the Trommel screen market is projected to grow between 3.5% to 4% CAGR during the assessment period of 2021 to 2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Report: https://www.futuremarketinsights.com/reports/dc-switchgear-market
Press Release Source: https://www.futuremarketinsights.com/press-release/dc-switchgear-market
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