WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Thursday, December 13, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


Europe Load Break Switch and Recloser Market to 2024: Markets are Projected to Grow at a CAGR of 3.0% and 3.4%, Respectively
Thursday, October 11, 2018

DUBLIN, Oct. 11, 2018 /PRNewswire/ --

The "Europe Load Break Switch and Recloser Market (2018-2024): Market Forecast by Voltage Rating, by Insulation Type, by Applications, By End User, by Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Europe Load Break Switch and Recloser Markets are projected to grow at a CAGR of 3.0% and 3.4%, respectively during 2018-24.

Load Break Switch & Recloser market in Europe would register substantial growth over the next six years with a huge investment in power generation and distribution sector to cater to the increasing power demand in the region.

Furthermore, to achieve aggressive emission reduction targets, the European Union countries are making a significant improvement in renewable energy infrastructure to increase the proportion of renewable energy in the overall energy mix to at least 27% by 2030. To achieve this target there would be a huge inflow of capital in power generation and transmission infrastructure which in turn would also drive the demand for Load Break Switch and Recloser during the forecast period.

To integrate the energy market and to meet the energy and climate goals, the European Commission has estimated that around 200 billion is needed during the current decade for transmission grids and gas pipeline which would ultimately drive the demand for recloser and load break switches during the forecast period. Additionally, due to growing environmental concerns, countries such as Russia, the UK and Germany are trying to increase their renewable power generation capacity. Russia has set a target to increase renewable share up to 11.3% from the existing capacity of 3.6%, by the end of the year 2030 while U.K is aiming to achieve final energy consumption of 15% through renewable sources by 2020, which is further likely to drive the European load break switch and recloser market over the next six years.

In Europe, gas insulated (SF6) load break switch and recloser are the key contributor towards the overall market and would also capture a major share of the market over the coming years. This growth is primarily due to certain key features such as better cooling effect and heavy built.

Markets Covered

By Voltage Ratings:

    --  <_7 />
    --  27 KV and Above

By Insulation Types:

    --  Gas
    --  Vacuum
    --  Others

By Applications:

    --  Power Distribution
    --  Industrial

By End Users:

    --  Distribution Utilities
    --  Others (Railway and Industrial)

For more information about this report visit https://www.researchandmarkets.com/research/vpc29n/europe_load_break?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/europe-load-break-switch-and-recloser-market-to-2024-markets-are-projected-to-grow-at-a-cagr-of-3-0-and-3-4-respectively-300729523.html

SOURCE Research and Markets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Human Microbiome Modulators Markets: Worldwide Analysis & Forecast (2018-2023) - Escalating Prevalence of NCDs is Significantly Driving Expenditure | Dec 13, 2018
Nav RaySearch Publishes Financial Calendar for 2019 and Changes Date for Annual General Meeting | Dec 13, 2018
Nav Automation Anywhere Appoints Milan Sheth as Executive Vice President for India, Middle East and Africa East Region | Dec 13, 2018
Nav Cipher Grows Marketing Function with New Vice President Hire | Dec 13, 2018
Nav China Online Education Group to Hold Annual General Meeting on December 17, 2018 | Dec 13, 2018
Nav Global Cryolite Market to 2022 with Do-Fluoride Chemicals, Fluorsid, Fluoro Chemicals, Purex Global, S B Chemicals & Solvay Dominating | Dec 13, 2018
Nav Three Naylor Clients Honored with Awards from MarCom and IAEE for Excellence in Association Media | Dec 13, 2018
Nav Qudian Inc. Provides Guidance for Full Year 2019 and Announces US$300 Million New Share Repurchase Program | Dec 13, 2018
Nav InnerVoice Receives AI for Accessibility Grant from Microsoft | Dec 13, 2018
Nav CORDA Investment Management Moves Its Austin and Dallas Offices | Dec 13, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News