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Follow on Google News | “European High and Medium Voltage Switchgear Markets” added to ReportBuyer.comReport Buyer, the online destination for business intelligence for major industry sectors, has added a new report.
By: Joe Walsh This study covers a strategic analysis of the European high and medium voltage switchgear market. The study includes detailed revenue forecasts for high and medium voltage switchgear and different components used in the systems. Detailed analysis is conducted on the following eight countries/regions: This Frost & Sullivan research service titled European High and Medium Voltage Switchgear Markets provides an insight on the established European switchgear industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: Market Overview Focus on Grid Automation Bolsters the High- and Medium-voltage Switchgear Market in EuropeAn increase in the electrical installed capacity of developing and developed countries and the rising need for energy in commercial and industrial sectors are driving the demand for switchgears. The market for both high- and medium-voltage switchgears is tied to the development of infrastructure, as they are integral to the electrical network, both in the transmission and distribution space. In Europe, the advent of smart grids has resulted in a complete overhaul of electricity grids. Smart grids will modernize every facet of the electric delivery system including generation, transmission, distribution and consumption. The focus will be on the integration of intelligence into the existing switchgear across Europe. An intelligent switchgear will significantly enhance the efficiency and reliability of a grid and help utilities avoid blackouts and equipment failure. " significant step in total grid automation is the harmonization of the electrical grids," says the analyst of this research. "Interconnection of grids presents exciting opportunities for manufacturers, utilities and distributed network operators (DNO) alike." HVDC has emerged the most viable technology for grid harmonisation. With 16 out of the 28 announced projects being completed, the European electricity markets are heading towards homogeneity in their electricity networks.Owing to these grid automation and harmonisations, the market for high- and medium-voltage switchgear is growing despite its maturity. As the market has not witnessed many technological or product innovations, switchgear manufacturers are abandoning the traditional product-based approach for more innovative methods. The market nuances vary for high- and medium-voltage switchgear and since there is not much technological differentiation in the systems, value-added services will help companies stand out in the market. "Designing an appropriate solution is not only important to gain approval but is also critical to garner a substantial share of the market," notes the analyst. " homogenous mix of product and service offering will usually ensure strong revenue growth." Manufacturers also have to strategise to deal with the price pressures caused by the recent economic downturn and the influx of manufacturers from China, India and South Korea. Deregulation and business dynamics also constantly pressure utilities to do more with less.These challenges of price pressure and stagnant product development can be counterbalanced by the constant developments in offshore wind farms, as these farms offer greater scope than onshore wind farms for switchgear utilisation. Its large coastline and favourable regulatory environment have given a leg up to Europe" offshore wind projects since 2007, with major advances in the northern European countries. This development presents considerable market opportunities for switchgear manufacturers. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By Geographic Region Germany France United Kingdom Italy Benelux Scandinavia Rest of Europe (Austria, Greece, the Republic of Ireland, Portugal and Switzerland) Technologies The following technologies are covered in this research: Circuit breakers Reclosers Gas insulated switchgear Disconnector European High and Medium Voltage Switchgear Markets: published 3/11/2011 is available at: http://www.reportbuyer.com/ # # # Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. End
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