The switchgear and switchboard apparatus manufacturing industry
comprise establishments manufacturing switchgear and switchboard apparatus.
Switchgear is the combination of electrical disconnect switches and circuit
breakers used in electricity transmission to interrupt or re-establish the flow
of electricity.
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The market is valued at $210 billion in 2017 because of the
demand from plants and industrial sites such as motion controllers, speed
drives, motor starters and contactors, human-machine interface operator panels,
logic controllers, push buttons and signalling devices which provide automation
solutions.
The market in the report is segmented into: switchboard
manufacturing and switchgear manufacturing.
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report at
China was the largest country in the switchgear and switchboard
apparatus manufacturing market in 2017, accounting for two-fifth of the market
share followed by Germany and USA.
The top five competitors in the market made up over 8% of the
total market share in 2017. ABB Ltd was the largest competitor, followed by
Toshiba Corporation, Schneider Electric S.A., General Electric Corporation and
China XD Electric Co Ltd. ABB Group is one of the largest engineering companies
and a conglomerate operating mainly in robotics, power and automation
technology. It was founded in 1988 and is headquartered in Switzerland. The
company operates in around 100 countries and had approximately 132,000
employees as of 2016.
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