According to a new market report published by Lucintel, the future of plastics in the global switchgear market looks promising with opportunities in the high voltage, medium voltage, and low voltage markets. Plastics in the global switchgear market are expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major growth drivers for this market are increasing penetration of plastics in electrical and electronic industries along with growing investment in improving transmission as well as distribution systems.
Polyamide (PA), polybutylene terephthalate (PBT), and others are different types of polymer in plastic switchgear market.
Asia Pacific is expected to remain the largest region over the forecast period due to rapid strengthening of power distribution infrastructure along with growth in electrical and electronics industry.
BASF, Dupont, SABIC, DSM, and Arkema are among the major suppliers of plastics in the global switchgear market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in plastics in the global switchgear market by polymer type, voltage type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities for Plastics in the Global Switchgear Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for plastics in the global switchgear market by polymer type, voltage type, and region as follows:
Plastics in the Global Switchgear Market by Polymer Type [Value ($M) Shipment Analysis from 2017 to 2028]:
·PA
o PA6
o PA66
o Others
·PBT
·Others
Plastics in the Global Switchgear Market by Voltage Type [Value ($M) Shipment Analysis from 2017 to 2028]:
· High Voltage
· Medium Voltage
· Low Voltage
Plastics in the Global Switchgear Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Plastics in the Global Switchgear Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for plastics in he global switchgear market by polymer type (PA {PA6, PA66, and others}, PBT, and others), voltage type (high voltage, medium voltage, and low voltage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?