2014-01-20 12:53:02 - Switchgears: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Switchgears is projected to reach US$49 billion by 2018, driven by spiralling energy demand and increasing investments in energy infrastructure.
Energy generation, transmission, and distribution are the three core areas which require utmost attention in the electric power industry. The increase in electricity demand worldwide has been demanding a parallel rise in electricity generation capacity. Against this backdrop, power generation companies across the globe, both state-owned and private electricity generation firms, are stepping up production capacities.
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