“HVCBs mar­ket to reach $2.52 bil­lion by 2020”

Power Watch India - - DESPATCHES INTERNATIONAL -

The global High Volt­age Cir­cuit Breakers (HVCB) mar­ket is ex­pected to grow from $2.27 bil­lion in 2015 to $2.52 bil­lion by 2020, rep­re­sent­ing a com­pound an­nual growth rate (CAGR) of 4%, ac­cord­ing to re­search and con­sult­ing firm Glob­alData.

The com­pany’s lat­est re­port states that in the emerg­ing economies of Asia-Pa­cific (APAC), South Amer­ica, Africa and the Mid­dle East, ex­ten­sive power plant ca­pac­ity ad­di­tions, and the need to im­prove ac­cess to elec­tric­ity are driv­ing grid ex­pan­sion and the growth of the HCVB mar­ket. In de­vel­oped economies like North Amer­ica and Europe, growth is be­ing driven by the need to up­grade the ex­ist­ing, ag­ing trans­mis­sion net­work and grid in­ter­con­nec­tion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.