(EMAILWIRE.COM, December 13, 2018 ) The global switchgear and switchboard apparatus manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4.3% during the historic period. This mainly due to increased urbanization, which drove the demand for switchgear and switchboard apparatus.

In the forecast period, the switchgear and switchboard apparatus manufacturing market size is expected to be over $248.9 billion by 2021, growing at a CAGR of nearly 4.3%. The growth rate can be attributed to several factors which include economic growth in emerging economies, increasing investments in smart cities.

Find TBRC’s report on the switchgear and switchboard apparatus manufacturing market:
https://www.thebusinessresearchcompany.com/report/switchgear-and-switchboard-apparatus-manufacturing-market-global-briefing-2018

Ethernet connected switchboards are widely being used in household and commercial buildings to save energy and reduce maintenance costs. Switchboards can be connected to a computer through an Ethernet cable. Electricity use, system status and other data is transmitted to the computer through the Ethernet cable. Data obtained on the computer is analyzed by energy experts and suggestions to minimize energy consumption.

Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=679&type=smp

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company

Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us


----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results