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As the world continues to deal with COVID-19, economies are moving into recession, official counts of cases and deaths from COVID-19 have passed 4,000,000 and 280,000 at the time of this report. Many government announced a plan on reopening the national economy, but many countries are still at the stage of rising.
On a more positive note, we are already seeing signs of recovery as the COVID-19 risk is declining in China. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR market in this environment.
In terms of revenue, this research report indicated that the global LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The Bharat Heavy Electricals Limited aims at producing XX LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR in 2020, with XX % production to take place in global market, OJSC Power Machines accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR Market by XYZResearch Include
- South America
Competitive Analysis; Who are the Major Players in LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR Market?
- Bharat Heavy Electricals Limited
- OJSC Power Machines
- Crompton Greaves Limited
- Siemens AG
- Powell Industries, Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- CHINT Group
- General Electric Company
- Hyosung Corp
- ABB Ltd.
- Eaton Corp Plc
Major Type of LOW VOLTAGE AND MEDIUM VOLTAGE SWITCHGEAR Covered in XYZResearch report:
- Less than 1kV
- 6kV - 15kV
- 16kV - 27kV
- 28kV - 38kV
Application Segments Covered in XYZResearch Market
- Power Plants
- Oil & Gas and Petrochemical industry
- Pulp and paper industry
- Utilities sector
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