DC Switchgear Market

1. DC Switchgear Market to Witness Astonishing Growth by 2029 The global DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The demand for safe and secure electrical distribution systems across the globe is one of the major growth factors for the DC switchgear market. The governments of developing countries are investing in increasing their electrification rate by providing electricity access to remote villages. As per the International Energy Agency (IEA), 1.7 billion people are expected to gain access to electricity by 2030. These advances will boost demand for smart electronic products like smart DC switchgear in the forthcoming years. To Request a Sample of our Report on DC Switchgear Market https://www.omrglobal.com/request-sample/dc-switchgear-market The Indian government announced that it will reach net zero emissions by 2070 and meet fifty percent of its electricity requirements from renewable energy sources by 2030. Such initiatives will augment the rapid development of electric grid infrastructure that will further increase the adoption of smart electric DC switchgear. Apart from these, the collaboration among market players has also increased the market growth. For instance, in Dec 2021, Schneider Electric agreed with Minesto to develop and build ocean energy farms based on Minesto’s Deep Green technology. Likewise, in June 2020, ABB announced a collaboration with an Italian switchgear designer for a significant water purification plant in Northern Italy to provide technology for the expansion of a cooperative water purification plant. A full Report of DC Switchgear Market https://www.omrglobal.com/industry-reports/dc-switchgear-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-    By Voltage By Deployment Type By Application Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- ABB Ltd, Siemens AG, Eaton Corporation, Hitachi Group, General Electric, Schneider Electric, Sécheron, LS ELECTRIC, Mitsubishi Electric Corp, among others. Key questions addressed by the report          What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? How COVID-19 impacted the market? Deviation from the pre-COVID-19 forecast Most affected region and segment Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global DC Switchgear Market Report by Segment By Voltage     Up to 750 V 1,800 V to 3,000 V 3,000 V to 10 kV Above 10 kV By Deployment Type    Fixed Mounting Plug-In Withdrawable Units By Application     Railways Power Generation EV Charging Infrastructure Marine

2.  Others For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/dc-switchgear-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404