Increasing investments in the development of renewable energy and upgrading of existing metro lines across the globe are expected to fuel the growth of DC Switchgear Industry

DC switchgear Market is anticipated to grow at a CAGR of 5.90% from 2022 to 2029

Switchgear is a group of electrical devices that includes fuses, circuit breakers, and electrical disconnect switches. They are used to protect, monitor, control, and isolate electrical equipment. A DC Switchgear refers to a type of electrical switchgear that is used for direct current (DC) applications. DC Switchgear is used in a variety of DC power systems, including DC traction power systems, DC distribution systems, and DC transmission systems. The evolution of electrical distribution networks has increased the demand for switchgear.

Switchgears enable safe operations while assisting in the continuity of service and providing superior convenience in commercial and residential applications. It protects equipment from short circuits and fault currents and provides protection to individuals by limiting current flow through the system to a safe level. Thus it finds extensive applications in residential, commercial, and industrial sectors worldwide.

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MARKET OPPORTUNITIES
The market is expected to have a new opportunity with increasing investment in the manufacturing of DC switchgear by Switchgear manufacturers and raw materials providers as well as power companies and global government leaders will bring a lot of opportunities in the market in the forecast period. In addition, the increasing demand for IoT-connected switchgear product development with an ever-increasing demand for switchgear in manufacturing facilities and power grids. Thus as new products enter the scene, the DC switchgear market will likely continue to expand worldwide.

MARKET GROWTH CHALLENGES
The DC switchgear market is facing some challenges such as increased heat, increased pressure, and arc faults. The temperature has become a major concern due to the extremely high voltage equipment present within the switchgear. A switchgear needs a constant track of temperature conditions and it is impossible to constantly track the switchgear temperature conditions with repeated visits to the setup if an issue is not addressed immediately, then the issue can get worsen. In addition, switchgear triggers a long-term power outage, equipment destruction, and a safety threat to workers by an arc fault.

DC SWITCHGEAR MARKET SEGMENTAL OVERVIEW
The global DC Switchgear market comprises different market segments like voltage, deployment type, and application and geography.

DC SWITCHGEAR MARKET BY VOLTAGE
By voltage, the DC Switchgear includes key segments of

Low Voltage (Up 1kV)
Medium Voltage (1kV - 69kV)
High voltage (69kV-230kV)
Extra High Voltage (Above 230kV)
Others

DC SWITCHGEAR MARKET BY DEPLOYMENT TYPE
The DC Switchgear market based on deployment type as follows

Fixed Mounting
Plug-in
Withdrawable Units

DC SWITCHGEAR MARKET BY APPLICATION
The DC Switchgear market includes key applications like
Railways
Solar Farms
Marine
Power Generation
Others

DC SWITCHGEAR MARKET BY GEOGRAPHY
The global DC Switchgear market is studied for the following regions
North America
Europe
Asia-Pacific
Rest of the world (RoW)

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COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the DC Switchgear market is majorly focused on expanding the global growth of the DC Switchgear industry with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the DC Switchgear sector has led the growing demand for the market.

The key players studied in the market are
Hitachi Energy Ltd.
Siemens
PLUTON Rail PTY LTD
ABB
Eaton
L&T Electrical & Automation
Lucy Electric
Powell Industries
Myers Power Production, Inc.
Grimard
DAOQ Group.
Schaltbau GmbH.
FLOHE GmbH

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