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Wednesday May 20, 2015
Wednesday May 20, 2015
The Middle East switchgears market is expected to reach USD 4.64 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for electricity in the region is expected to favor market growth over the forecast period. Switchgears are used in electrical systems to minimize failure and effects of fault currents.
Gas insulated switchgears are gaining momentum over air insulated switchgears owing to their economic benefits and efficiency. Technological advancements to minimize environmental impact and device miniaturization may also drive the Middle East switchgears market. Need for ensuring safety and rapid economic development is expected to favor market growth over the forecast period. However, significant price cuts owing to intense competition are expected to pose a challenge to the Middle East switchgears market.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/middle-east-switchgears-market
For More Information visit - http://www.grandviewresearch.com/
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