Eaton has one of its biggest factories in Azerbaijan and produces a wide range of switchgear for the local market and for export. Siemens has also been involved in many significant projects and has installed switchgear in several power stations across the country. Market Analysis by Voltage
Some of the leading players in the Azerbaijan Switchgear Industry that have made significant contributions to the industry include ABB, Siemens, Schneider Electric, Schneider Electric, GE, and Eaton. Eaton has one of its biggest factories in Azerbaijan and produces a wide range of switchgear for the local market and for export.
According to 6Wresearch, the Azerbaijan Switchgear Market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2030. The market in Azerbaijan is driven by the need for reliable and efficient power supply.
In Switchgear Market Azerbaijan is becoming less competitive as HHI index in 2022 was 1486 while in 2017 it was 1137. Herfindahl Index measures the competitiveness of exporting countries.
According to Nikhil, Senior Research Analyst, 6Wresearch, the low voltage switchgear segment is expected to grow at the highest CAGR during the forecast period due to their widespread application in various industries, buildings, and infrastructure projects. Market Analysis by Applications
As China’s own brand enterprises, Pinggao Electric has been positioning its pace of development in the international and domestic markets, the products are exported to more than 40 countries and regions in Europe, Southeast Asia, the Middle East, Africa, South America, Oceania.
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