Fixed Switch Cabinet Market by Application (Infrastructure and Utilities, Energy, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031

The fixed switch cabinet market is expected to leverage high potential for energy, infrastructure, and utilities during the forecast period. The fixed switch cabinet market is competitive and comprises several regional and global vendors competing based on factors such as cost of services, reliability, and support services. Owing to the competition, vendors operating in the market are offering advanced fixed switch cabinet services facilities to improve their market presence.

Surge in demand for HVDC transmission systems is expected to supplement further the integration of large-scale renewables located far away from the demand centers in developing nations, such as China, India, and Japan, is expected to provide lucrative opportunities for the market growth. Electricity demand is rising as the trend for an ever-connected world increases and growth in global energy consumption. According to BP statistical review, Iceland has the largest per capita electricity consumption worldwide, averaging 52.98 megawatt-hours per person in 2021. It is due to the presence of energy-intensive industries in the country. Such factors are further driving the demand for a fixed switch cabinet.

Key fixed switch cabinet market leaders profiled in the report include Belden Inc., ABB Ltd., Coslight Group Harbin Switch Co., Ltd, StarTech.com Ltd., Minimax, TEWE Elektronic, Cannon Technologies Ltd, NUM AG, Huimu Ltd., Clipsal (Schneider Electric).