Europe Fixed Switch Cabinet Market Size, Share & Industry Trends Analysis Report By Type (High Voltage Switch Cabinet and Low Voltage Switch Cabinet), By Application (Infrastructure & Utilities, Energy, Industrial), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Fixed Switch Cabinet Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
A switch cabinet can be classified as either a fixed-type switch cabinet or a removable-type switch cabinet, depending on how the circuit breaker is installed. In addition, metal-enclosed switch cabinets, metal-clad enclosed switch cabinets, and open switch cabinets can all be classified as switch cabinets based on the various cabinet structures. The switch cabinet is primarily utilized in substations, petrochemicals, power plants, light industries and textiles, metallurgical steel rolling, factories, mining operations, residential areas, and high-rise structures.
Fixed switch cabinets are useful in a variety of industrial settings. The ability to replace systems without having to move all of their equipment is often considered useful by industries. While working on new construction projects or remodeling existing buildings where there is a lack of space or restricted availability on-site gives them greater freedom and several advantages.
The construction sector is the most dominant among all other sectors in the European region. The development of this industry is also akin to that of the ICT and textile sectors. The UK continues to be the biggest driver of this expansion. About half of the value added to the building industry comes from this country, France, and Germany. After the COVID-19 outbreak, construction projects in the region resumed. In the European Green Deal, it was also made clear that renovation projects for both commercial and public buildings were increasing simultaneously. This led to a rise in renovation initiatives designed to improve the energy efficiency of older buildings, ultimately assisting the region in achieving its goals.
The Germany market dominated the Europe Fixed Switch Cabinet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $155.1 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.3% during (2022 - 2028).
Based on Type, the market is segmented into high voltage switch cabinet and low voltage switch cabinet. Based on Application, the market is segmented into infrastructure & utilities, Energy, Industrial and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Fixed Switch Cabinet Market is Projected to reach USD 2.5 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd., Belden, Inc., Clipsal (Schneider Electric SE), Minimax Fire Solutions International GmbH (Minimax Viking GmbH), Coslight Group Harbin Switch Co., Ltd, StarTech.com Ltd., TEWE Elektronic GmbH & Co. KG, Cannon Technologies Ltd., NUM AG and HUIMU Ltd.
Scope of the Study
Market Segments Covered in the Report:
- High Voltage Switch Cabinet
- Low Voltage Switch Cabinet
- Infrastructure & Utilities
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Ltd.
- Belden, Inc.
- Clipsal (Schneider Electric SE)
- Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
- Coslight Group Harbin Switch Co., Ltd
- StarTech.com Ltd.
- TEWE Elektronic GmbH & Co. KG
- Cannon Technologies Ltd.
- NUM AG
- HUIMU Ltd.
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