Switchgear Market

Switchgear Market, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and Other Insulation Types), By Installation (Indoor and Outdoor), By End User Application (Commercial, Residential, and Industrial), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The term “switchgear” is derived from the fact that it comprises devices that enable switching and disconnection of electrical power to other circuits or loads. There are different types of switchgear, each designed to handle a specific voltage. These include low voltage (LV), medium voltage (MV), and high voltage (HV). There are many benefits to installing switchgear in a power system. These include boosting reliability, improving dependability, and enhancing interconnection. The most important of these is the ability to isolate faulty areas from healthy sections in the power system when a problem occurs.

Market Dynamics:

The escalating demand for small-sized substations that require less space is expected to drive growth of the global switchgear market during the forecast period. The growing need for renewable energy, rising standards to control carbon emissions, and increasing awareness of consumers towards renewable energy generation are also likely to boost the market growth.

However, high cost and functional disadvantages of this equipment is anticipated to restraint growth of the global switchgear market over the forecast period.

Key features of the study:
  • This report provides in-depth analysis of the global switchgear market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global switchgear market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ABB Ltd., Fuji Electric Co. Ltd., Havells India Ltd., Powell Industries, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Schneider Electric, Hitachi Ltd., Siemens AG, Meidensha Corporation, Eaton Corporation PLC, and Toshiba International Corporation (Toshiba Corporation)
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global switchgear market
Detailed Segmentation:
  • Global Switchgear Market, By Voltage:
Low Voltage

Medium Voltage

High Voltage
  • Global Switchgear Market, By Insulation:
Gas Insulated Switchgear (GIS)

Air Insulated Switchgear (AIS)

Other Insulation Types
  • Global Switchgear Market, By Installation:
Indoor

Outdoor
  • Global Switchgear Market, By Application:
Commercial

Residential

Industrial
  • Global Switchgear Market, By Geography:
North America

Europe

Asia Pacific

Latin America

Middle East & Africa
  • Company Profiles:
ABB Ltd.

Havells India Ltd.

Mitsubishi Electric Corporation

Schneider Electric

Siemens AG

Eaton Corporation PLC

Toshiba International Corporation (Toshiba Corporation)

Meidensha Corporation

Hitachi Ltd.

CG Power and Industrial Solutions Limited

Powell Industries

Fuji Electric Co. Ltd.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Voltage
Market Snapshot, By Insulation
Market Snapshot, By Installation
Market Snapshot, By Application
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Growing infrastructure of smart electricity grid
Increasing government initiatives
Restraints
Stringent regulations towards safety and environment
Functional disadvantages of switchgear systems
Opportunities
Increasing penetration of advanced technologies such as Internet of Things (IoT) and Smart technologies
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Switchgear Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Switchgear Market, By Voltage, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Low Voltage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Medium Voltage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
High Voltage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Global Switchgear Market, By Insulation, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Gas Insulated Switchgear (GIS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Air Insulated Switchgear (AIS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other Insulation Types
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
7. Global Switchgear Market, By Installation, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Indoor
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Outdoor
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
8. Global Switchgear Market, By Application, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017– 2030
Segment Trends
Commercial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Residential
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
9. Global Switchgear Market, By Region, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017 - 2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
10. Competitive Landscape
ABB Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Havells India Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Mitsubishi Electric Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Schneider Electric
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Siemens AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Eaton Corporation PLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Toshiba International Corporation (Toshiba Corporation)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Meidensha Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Hitachi Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
CG Power and Industrial Solutions Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Powell Industries
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Fuji Electric Co. Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
11. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Switchgear Market” - Global forecast to 2030

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