New Research: Lucintel Predicts a Bright Future for the Switchgear Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Switchgear Industry”?
This market report for switchgear identifies and predicts future opportunities for growth in global switchgear industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for switchgear in the utilities, industrial, residential, and commercial sectors.
According to Lucintel’s market report, the global switchgear market is expected to reach an estimated $110.7 billion by 2023 at a CAGR of 4.7% from 2018 to 2023. Some of the dominant players in the global switchgear market are ABB, General Electric, Schneider Electric, Mitsubishi, Siemens AG, Eaton, Hitachi, and CG Power and Industrial Solutions.
There are some interesting developments in the global switchgear market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the development of digital switchgear and a growing focus on eco-efficient switchgear.
Read more about this report at
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