Switchgear Market: Global Industry Analysis and Forecast (2021-2027) by Insulation, Voltage, and End-Use.

Global Switchgear Market size was valued at US$ 67.5 Bn. in 2020 and Air Insulated is one of the dominating segments reviewed in our report is dominating Global Switchgear Market.

Global Switchgear Market Overview:

Switchgear market consists of electrical components to disconnect, switches, fuses, and circuit breakers to control and protect isolated electrical types of equipment from sudden charge or discharge of the electricity. Switchgear includes multiple types consisting of Low Voltage, medium voltage, and high voltage switchgear to protect from various power surges. Switchgear systems are installed in power transformers in which it is connected to power supply systems to protect grids in case of short circuits. Switchgear has demand in various sectors including domestic and commercial electrical grids. Global Switchgear Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Switchgear Market Dynamics:

The switchgear market has seen an upward trend has potential growth in the replacement of traditional aging electrical infrastructure with a lack of safety equipment installation. Developing Countries are investing in the replacement of aging systems in which switchgear devices have a scope of growth in large portion of the world. High energy demand and uninterrupted networks are resulting switchgear market flourishing in developed countries and the packed economic hubs. Disrupted electricity can cause heavy industrial and financial losses in manufacturing cities and economic hotspots. Seamless electricity distribution is the priority to governments as well as corporations to invest in high-performing switchgear systems. Blackouts in the United States cost more than USD 150 billion per year to the industrialized sector. Lack of investments and poor policy of electrical infrastructure distribution in industrial hubs resulted in heavy losses in the American business sector. There is a large number of old grids which need to be replaced with quality switchgear systems is the current big opportunity for switchgear manufacturers. There is a tremendous opportunity for switchgear systems in the manufacturing states such as South Carolina, Georgia, Idaho, and Tennessee. Private players in electricity distribution invest heavily in seamless infrastructure to ensure premium service and uninterrupted distribution. New entrants of private companies boost the demand due to large distribution channels across the developed countries. High Tech grid system installation, taping the untouched market, and replacement of old aging systems created a boom in the switchgear market. Oil-filled switchgear is currently being in use heavily in high voltage electricity grids. Dielectric oil allows to electric arc to control safely in the transformer. Oil switchgear is used mainly in transmission lines and substations.

Global Switchgear Market Segment Analysis:

By Insulation, the Air insulation segment is dominated the Global Switchgear market. In 2020, the Sale of air-insulated switchgear stood at USD 6.37 billion in 2020 in the medium voltage switchgear segment. Air-insulated switchgear systems are the most common type which has wide application in industrial as well as domestic transmission lines. Air-insulated switchgear is less polluted in comparison with oil and gas-insulated switchgear and is widely used in transmission, distribution transportation, oil and gas, manufacturing, and refining. The air-insulated switchgear segment is expected to grow at a CAGR of 3.8% during the forecasted period. Global Switchgear Market By Voltage, the Medium Voltage segment is dominating in the Global Switchgear market with a 45% of market share globally. A large number of residential electricity grids in urban areas opted for medium voltage switchgear systems due to moderate consumption and constant medium-level electricity transmission. High Voltage hardware is irrelevant and unnecessary in the urban grid. Urbanization at a high pace all over the globe required an electricity distribution network resulted in the growth in developing countries. High voltage switchgear is generally used in high tension transmission lines and heavy grid infrastructure in industrial applications. By End Users, Transmission and Distribution are dominated the Global Switchgear market with the highest share of more than 50% globally. T&D is the largest network with includes governments and private players providing electricity and creating highly efficient transmission lines connecting various regions and urban. The global T&D Market is expected to reach 54.11 billion by 2027, generating a high demand for switchgear equipment globally during the forecasted period. Industrial usage is expected to grow in developing countries. Global Switchgear Market

Global Switchgear Market Regional Insights:

Asia Pacific is dominating region in the global switchgear market and is expected to grow at a CAGR of 2.9% during the forecasted period due to massive industrialization in developing as well as manufacturing countries like China, Japan, South Korea, Philippines, India, Bangladesh, and Malaysia. China is set to invest USD 500 billion into smart grid and renewable energy projects. It is expected to reflect on the demand for switchgear systems during the forecasted period. North America region held the second largest share in global switchgear market due to heavy investment to upgrade grid network. United States invested more than USD 50 billion in transmission infrastructure in the last three years. European region has seen growth in demand for medium voltage switchgear systems due to new industrial establishments and small scale operations across Europe. The objective of the report is to present a comprehensive analysis of the Global Switchgear market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Switchgear market dynamics, structure by analyzing the market segments and projecting the Global Switchgear market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Switchgear market make the report investor’s guide.

Global Switchgear Market Scope: Inquire before buying

Global Switchgear Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 67.5 Bn.
Forecast Period 2021 to 2027 CAGR: 5.5% Market Size in 2027: US $ 98.19 Bn.
Segments Covered: by Insulation • Gas Insulated • Air Insulated
by Voltage • Low • Medium • High
by End-Use • T&D Utilities • Industrial • Commercial & Residential • Other

Global Switchgear Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Switchgear Market Key Players

• ABB • GE • Siemens • Schneider Electric • Eaton • Wilson Transformer • Mitsubishi Electric • BHEL • CG Power • Gridco • Howard Industries • SPX Transformer • General Electric Company • Bharat Heavy Electricals Limited • Crompton Greaves Ltd. • Alstom • Ormazabal FAQ : 1] What segments are covered in the Global Switchgear Market report? Ans. The segments covered in the Global Switchgear Market report are based on Insulation, Voltage, and End-Use. 2] Which region is expected to hold the highest share in the Global Switchgear Market? Ans. Asia Pacific Region is expected to hold the highest share in the Global Switchgear Market. 3] What is the market size of the Global Switchgear Market by 2027? Ans. The market size of the Global Switchgear Market by 2027 is US $ 98.19 Bn. 4] Who are the top key players in the Global Switchgear Market? Ans. ABB, GE, Siemens, Schneider Electric, Eaton, Wilson Transformer, Mitsubishi Electric, BHEL, CG Power, Gridco, Howard Industries, SPX Transformer, General Electric Company, Bharat Heavy Electricals Limited, Crompton Greaves Ltd., Alstom, Ormazabal 5] What was the market size of the Global Switchgear Market in 2020? Ans. The market size of the Global Switchgear Market in 2020 was US $ 67.5 Bn.
1. Global Switchgear Market: Research Methodology 2. Global Switchgear Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Switchgear Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Switchgear Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Switchgear Market Segmentation 4.1. Global Switchgear Market, by Insulation (2020-2027) • Gas Insulated • Air Insulated 4.2. Global Switchgear Market, by Voltage(2020-2027) • Low • Medium • High 4.3. Global Switchgear Market, by End-Use (2020-2027) • T&D Utilities • Industrial • Commercial & Residential • Other 5. North America Switchgear Market(2020-2027) 5.1. Global Switchgear Market, by Insulation (2020-2027) • Gas Insulated • Air Insulated 5.2. Global Switchgear Market, by Voltage(2020-2027) • Low • Medium • High 5.3. Global Switchgear Market, by End-Use (2020-2027) • T&D Utilities • Industrial • Commercial & Residential • Other 6. European Switchgear Market (2020-2027) 6.1. European Switchgear Market, by Insulation (2020-2027) 6.2. European Switchgear Market, by Voltage(2020-2027) 6.3. European Switchgear Market, by End-Use (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Switchgear Market (2020-2027) 7.1. Asia Pacific Switchgear Market, by Insulation (2020-2027) 7.2. Asia Pacific Switchgear Market, by Voltage(2020-2027) 7.3. Asia Pacific Switchgear Market, by End-Use (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Switchgear Market (2020-2027) 8.1. The Middle East and Africa Switchgear Market, by Insulation (2020-2027) 8.2. The Middle East and Africa Switchgear Market, by Voltage(2020-2027) 8.3. The Middle East and Africa Switchgear Market, by End-Use (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Switchgear Market (2020-2027) 9.1. Latin America Switchgear Market, by Insulation (2020-2027) 9.2. Latin America Switchgear Market, by Voltage(2020-2027) 9.3. Latin America Switchgear Market, by End-Use (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ABB. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. GE 10.3. Siemens 10.4. Schneider Electric 10.5. Eaton 10.6. Wilson Transformer 10.7. Mitsubishi Electric 10.8. BHEL 10.9. CG Power 10.10. Gridco 10.11. Howard Industries 10.12. SPX Transformer 10.13. General Electric Company 10.14. Bharat Heavy Electricals Limited 10.15. Crompton Greaves Ltd. 10.16. Alstom 10.17. Ormazabal

About This Report

Report ID 1237
Category Energy & Power
Published Date June 2019
Updated Date Oct 2021
Contact Us