Business Description

Growing investments in the construction sector would be the major factor driving the demand for switchgear in the Asia Pacific region. Moreover, increasing investments in renewable energy and the growing adoption of HYDAC technology would further push the market demand. However, harsh environmental conditions along with increasing competition from the unorganized sector would hamper the growth of the switchgear market during the forecast period.

According to 6Wresearch, Asia Pacific (APAC) Switchgear Market is anticipated to register growth during 2019-25. In the overall Asia Pacific Switchgear market share, China and India are the leading revenue-generating countries in 2018 and are expected to lead during the forecast period. Growing adoption for renewable energy along with rising solar and wind powerplants across the region would further push the market growth over the coming years.

On the basis of end-users, the market can be broadly categorized into residential, commercial, industrial, power utilities, and others. The power utility segment dominated the market due to the rise in the adoption of high voltage switchgear, which is expected to influence the demand for switchgear in the Asia Pacific region.

The Asia Pacific Switchgear market report thoroughly covers the market by voltage, insulation, applications, regions, and key countries. The Asia Pacific Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

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