Switchgears Market Poised for Steady Growth in the Future Market Intelligence Report Switchgears, 2014-2020 | Page 5

Report
Description
Report Description
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The keyparticipants in global switchgear market focus on introducing new technology and
innovative products at competitive prices together with new application in order to
distinguish themselves from that of the competitors. Major players reigning over the
global switchgear market include Schneider Electric SA, Mitsubishi Electric Corporation,
Siemens AG, ABB Ltd, Powell Industries Inc., Eaton Corporation and General Electric
Company, amongst other.
Some of the recent technological developments in switchgears market such as magnetic
actuation and arc-resistance technology have been undertaken by OEMs focusing upon
enhancing efficiency and reliability of switchgear equipment. In future such technological
up gradation will add value and spur the demand in global switchgear market.
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