Market Research

North America Switchgear Monitoring System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Voltage, By Services, By Type (Gas Insulated, and Air Insulated), By End User, By Country and Growth Forecast, 2023 - 2030

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from $1,500 136 Pages Knowledge Based Value (KBV) Research January, 2024 KBV18413668
Best Price Guarantee
Price from $1,500
Length 136 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date January, 2024
SKU KBV18413668

North America Switchgear Monitoring System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Voltage, By Services, By Type (Gas Insulated, and Air Insulated), By End User, By Country and Growth Forecast, 2023 - 2030


The North America Switchgear Monitoring System Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).

Industries across sectors are increasingly recognizing the role of switchgear monitoring systems in enhancing operational efficiency. The ability to remotely monitor and control switchgear components and real-time data analytics allows for quick decision-making, reducing response times and improving overall system performance. The environmental impact of power distribution failures, such as oil spills from transformer failures, has heightened awareness regarding the importance of preventive measures. Switchgear monitoring systems contribute to environmental sustainability by helping prevent such incidents through early fault detection and timely maintenance.

Switchgear monitoring systems provide real-time condition monitoring of critical components such as circuit breakers, relays, and disconnect switches. Operators can facilitate proactive maintenance by constantly tracking the health and performance of these components to detect any irregularities, potential defects, or signs of wear. Rapid detection and diagnosis of faults in switchgear components are essential for preventing electrical failures and minimizing downtime. Switchgear monitoring systems employ advanced sensors and analytics to detect abnormalities, pinpoint the location of faults, and provide detailed diagnostic information to maintenance teams.

Canada is engaged in grid modernization efforts to upgrade its aging electrical infrastructure. Canada has been integrating renewable energy sources, like wind and solar power, into the grid. The industrial sector in Canada is expanding, leading to increased demand for reliable electrical infrastructure. Due to the above-mentioned factors, the switchgear monitoring system market will grow significantly in this region.

The US market dominated the North America Switchgear Monitoring System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $602.8 million by 2030. The Canada market is experiencing a CAGR of 10.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2023 - 2030).

Based on Component, the market is segmented into Hardware, and Software. Based on Voltage, the market is segmented into High & extra High Voltage, Medium Voltage, and Low Voltage. Based on Services, the market is segmented into Temperature Monitoring, Gas Monitoring, Partial Discharge Monitoring, and Others. Based on Type, the market is segmented into Gas Insulated, and Air Insulated. Based on End User, the market is segmented into Utilities, Industrial, Commercial, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Siemens Energy AG, ABB Group, Schneider Electric SE, Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, Emerson Electric Co., OSENSA Innovations Corp., Doble Engineering Company (Esco Technologies Inc.), IPEC Ltd.

Scope of the Study

Market Segments covered in the Report:022

By Component
  • Hardware
  • Software
By Voltage
  • High & extra High Voltage
  • Medium Voltage
  • Low Voltage
By Services
  • Temperature Monitoring
  • Gas Monitoring
  • Partial Discharge Monitoring
  • Others
By Type
  • Gas Insulated
  • Air Insulated
By End User
  • Utilities
  • Industrial
  • Commercial
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Siemens Energy AG
  • ABB Group
  • Schneider Electric SE
  • Eaton Corporation PLC
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • OSENSA Innovations Corp.
  • Doble Engineering Company (Esco Technologies Inc.)
  • IPEC Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Switchgear Monitoring System Market, by Component
1.4.2 North America Switchgear Monitoring System Market, by Voltage
1.4.3 North America Switchgear Monitoring System Market, by Services
1.4.4 North America Switchgear Monitoring System Market, by Type
1.4.5 North America Switchgear Monitoring System Market, by End User
1.4.6 North America Switchgear Monitoring System Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Switchgear Monitoring System Market
4.3 Porter’s Five Forces Analysis
Chapter 5. North America Switchgear Monitoring System Market by Component
5.1 North America Hardware Market by Region
5.2 North America Software Market by Region
Chapter 6. North America Switchgear Monitoring System Market by Voltage
6.1 North America High & extra High Voltage Market by Country
6.2 North America Medium Voltage Market by Country
6.3 North America Low Voltage Market by Country
Chapter 7. North America Switchgear Monitoring System Market by Services
7.1 North America Temperature Monitoring Market by Country
7.2 North America Gas Monitoring Market by Country
7.3 North America Partial Discharge Monitoring Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Switchgear Monitoring System Market by Type
8.1 North America Gas Insulated Market by Country
8.2 North America Air Insulated Market by Country
Chapter 9. North America Switchgear Monitoring System Market by End User
9.1 North America Utilities Market by Country
9.2 North America Industrial Market by Country
9.3 North America Commercial Market by Country
9.4 North America Others Market by Country
Chapter 10. North America Switchgear Monitoring System Market by Country
10.1 US Switchgear Monitoring System Market
10.1.1 US Switchgear Monitoring System Market by Component
10.1.2 US Switchgear Monitoring System Market by Voltage
10.1.3 US Switchgear Monitoring System Market by Services
10.1.4 US Switchgear Monitoring System Market by Type
10.1.5 US Switchgear Monitoring System Market by End User
10.2 Canada Switchgear Monitoring System Market
10.2.1 Canada Switchgear Monitoring System Market by Component
10.2.2 Canada Switchgear Monitoring System Market by Voltage
10.2.3 Canada Switchgear Monitoring System Market by Services
10.2.4 Canada Switchgear Monitoring System Market by Type
10.2.5 Canada Switchgear Monitoring System Market by End User
10.3 Mexico Switchgear Monitoring System Market
10.3.1 Mexico Switchgear Monitoring System Market by Component
10.3.2 Mexico Switchgear Monitoring System Market by Voltage
10.3.3 Mexico Switchgear Monitoring System Market by Services
10.3.4 Mexico Switchgear Monitoring System Market by Type
10.3.5 Mexico Switchgear Monitoring System Market by End User
10.4 Rest of North America Switchgear Monitoring System Market
10.4.1 Rest of North America Switchgear Monitoring System Market by Component
10.4.2 Rest of North America Switchgear Monitoring System Market by Voltage
10.4.3 Rest of North America Switchgear Monitoring System Market by Services
10.4.4 Rest of North America Switchgear Monitoring System Market by Type
10.4.5 Rest of North America Switchgear Monitoring System Market by End User
Chapter 11. Company Profiles
11.1 Siemens Energy AG
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 ABB Group
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.5.2 Geographical Expansions:
11.2.6 SWOT Analysis
11.3 Schneider Electric SE
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Eaton Corporation PLC
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 General Electric Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Mitsubishi Electric Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.6 SWOT Analysis
11.7 Emerson Electric Co.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 SWOT Analysis
11.8 OSENSA Innovations Corp.
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 Doble Engineering Company (ESCO Technologies Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. IPEC Ltd.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Geographical Expansions:

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