Switchboard
consists of one or more panels with various switches and indicators used to
direct electricity and operate circuits. Bus bars inside switchboards are flat
strips of copper or aluminum used to carry large currents through the
switchboards.
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The global
switchboard market was valued at $120 billion in 2017, and is expected to be
driven as the manufacturers are providing smart home products and home
automation devices. These devices help in optimum utilization of resources
which increases the demand for the product. Asia Pacific was the largest
geographic region in the market, accounting for more than half of the global
market share.
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China was the
largest country in the market, accounting for two-fifth of the global
switchboard market share. China was followed by India and Japan as the next
largest countries in the market.
The top five
competitors in the market are
ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric S.A.,
Emerson Process Management, and Rockwell Automation. ABB Ltd was the largest
player in the market. ABB Ltd is
headquartered in Zürich, Switzerland. The company operates mainly in robotics,
power, heavy electrical equipment’s, and automation technology areas.
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