Switchgears Market - Global Industry Research Forecast to 2020; Future Market Insights

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High-intensity fault currents can damage the electricalequipment and devices of the circuit and to minimize these failures and mitigate the aftereffects, switchgear or fuses are employed. Fuses need to be replaced after every disconnection in the circuit as they don’t provide re-closure functions, in such cases where setting up the circuit in its normal functioning, switchgears are employed which provide the re-closure functioning at various operating levels (High/low voltages). As the automation of process is booming across all the industries, the global switchgear market is witnessing the tremendous growth opportunities.On the basis of product types, switchgear market can be broadly categorized as conventional switchgear and modular/integrated switchgear. The conventional switchgear system comprises various components such as transformers, circuit breakers and dis connectors, which needs more space for installation and comparatively more costly than that of modular switch gear. To overcome these issues modular type of switchgear are used by integrating these functions into one breaking chamber of circuit breaker. With the trend of shifting from conventional switchgear to modular/integrated the global switchgear market is projected to grow with double digit CAGR. Browse Market Research Report: http://www.futuremarketinsights.com/reports/details/switchgears-market