Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022

  • ID: 4390912
  • Report
  • Region: Global
  • 201 Pages
  • Markets and Markets
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The Switchgear Market is Projected to Reach USD 125.10 Billion by 2022, at a CAGR Of 7.12%, From 2017 to 2022.

FEATURED COMPANIES

  • Abb Ltd.
  • Eaton Corporation Plc
  • General Electric Company
  • Hyosung Corporation
  • Lucy Electric Uk Ltd.
  • Schneider Electric Se
  • MORE

“The switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022.”

Continuous growth of constructional and developmental activities, increasing access to electricity in developing countries, and growth in renewable power generation are the major drivers of the switchgear market. Price volatility of raw materials can hinder the growth of the switchgear market.

“The transmission and distribution utilities sub-segment of the end-user segment is expected to grow at the highest CAGR, from 2017 to 2022.”

The transmission and distribution utilities sub-segment of the end-user segment is expected to grow at the highest CAGR, during the forecast period. Switchgears are used extensively to prevent damages of expensive and critical equipment in transmission and distribution utilities. Switchgear reduces the downtime and aid in faster response time. Increasing investments in sub-station automation and smart grids can drive the growth in the transmission and distribution utilities segment of the switchgear market.

“Asia Pacific: The largest market for switchgear in 2016”

The market in Asia Pacific is currently the largest market for switchgear followed by the European market. Rising investments in aging electrical grid infrastructure and increasing electricity demand are driving the switchgear market in the Asia Pacific region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 45%, Tier 2- 35%, Tier 3- 20%
  • By Designation: D-Level- 26%, C-Level- 34%, and Others- 40%
  • By Region: Americas- 35%, EMEA- 45%, and APAC- 20%,

Note: Others includes product managers, marketing managers, and sales managers.
EMEA denotes Europe, Middle East, and Africa
APAC denotes Asia Pacific
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion

The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), Eaton Corporation plc (Ireland), and Schneider Electric SE (France).

Research Coverage:

The report defines, describes, and forecasts the global switchgear market by voltage, equipment, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the switchgear market.

Why buy this report?

1. The report identifies and addresses key markets for switchgear, which would help manufacturers review the growth in demand.

2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.

3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abb Ltd.
  • Eaton Corporation Plc
  • General Electric Company
  • Hyosung Corporation
  • Lucy Electric Uk Ltd.
  • Schneider Electric Se
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Countries Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Global Switchgear Market
4.2 APAC Switchgear Market Size, By Application & Country
4.3 Global Switchgear Market, By Region
4.4 Global Switchgear Market, By Equipment, 2017 & 2022
4.5 Global Switchgear Market, By Voltage, 2016

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Continued Growth of Construction and Development Activities
5.2.1.2 Increasing Access to Electricity in Developing Countries
5.2.1.3 Growth in Renewable Power Generation
5.2.2 Restraints
5.2.2.1 Stringent Environmental and Safety Regulations for Sf6 Switchgears
5.2.2.2 Increasing Competition From the Unorganized Sector of the Switchgear Market
5.2.3 Opportunities
5.2.3.1 Upcoming Smart Cities
5.2.3.2 Aging Power Infrastructure
5.2.3.3 Hvdc Transmission
5.2.4 Challenges
5.2.4.1 Cyber Security
5.2.4.2 Price Volatility of Raw Materials

6 Global Switchgear Market, By Voltage
6.1 Introduction
6.2 <1 kV
6.3 1 kV - 36 kV
6.4 36 kV - 72.5 kV
6.5 >72.5 kV

7 Global Switchgear Market, By End-User
7.1 Introduction
7.2 T&D Utilities
7.3 Manufacturing & Process Industries
7.4 Commercial & Residential Infrastructure
7.5 Others

8 Global Switchgear Market, By Equipment
8.1 Introduction
8.2 Mcb & Mccb
8.3 Ring Main Units
8.4 Circuit Breakers
8.5 Surge Arresters
8.6 Fuses
8.7 Motor Control Centers
8.8 Surge Protection Devices
8.9 GIS
8.10 AIS
8.11 Others

9 Global Switchgear Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 UK
9.3.4 France
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 India
9.4.3 Australia
9.4.4 Japan
9.4.5 Rest of APAC
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 MEA
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Kuwait
9.6.4 South Africa
9.6.5 Rest of MEA

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking, 2016
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Benchmarking

11 Company Profiles
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
11.1 Introduction
11.2 ABB Ltd.
11.3 Hyosung Corporation
11.4 Alstom SA
11.5 CG Power and Industrial Solutions Limited
11.6 Hitachi Ltd.
11.7 Hyundai Heavy Industries Co., Ltd.
11.8 Schneider Electric Se
11.9 Siemens AG
11.10 Eaton Corporation PLC
11.11 General Electric Company
11.12 Toshiba Corporation
11.13 Mitsubishi Electric Corporation
11.14 Powell Industries, Inc.
11.15 TE Connectivity Ltd.
11.16 Larsen & Toubro Limited
11.17 Elektrobudowa SA Group
11.18 Zpue S.A.
11.19 Lucy Electric UK Ltd.
11.20 Hawker Siddeley Switchgear Ltd.
11.21 Sel S.P.A.
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables (80 Tables)
Table 1 Global Switchgear Market Snapshot
Table 2 Global Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 3 <1 kV Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 4 1 kV - 36 kV Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 5 36 kV - 72.5 kV Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 6 >72.5 kV Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Global Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 8 T&D Utilities: Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Manufacturing & Process Industries: Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Commercial & Residential Infrastructure: Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Others: Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 12 Global Switchgear Market Size, By Equipment, 2015–2022 (USD Billion)
Table 13 Mcb & Mccb Market Size, By Region, 2015–2022 (USD Billion)
Table 14 Ring Main Units Market Size, By Region, 2015–2022 (USD Billion)
Table 15 Circuit Breakers Market Size, By Region, 2015–2022 (USD Billion)
Table 16 Surge Arresters Market Size, By Region, 2015–2022 (USD Billion)
Table 17 Fuses Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Motor Control Centers Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Surge Protection Devices Market Size, By Region, 2015–2022 (USD Billion)
Table 20 GIS Market Size, By Region, 2015–2022 (USD Billion)
Table 21 AIS Market Size, By Region, 2015–2022 (USD Billion)
Table 22 Other Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 23 Global Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 24 North America: Switchgear Market Size, By Country, 2015–2022 (USD Billion)
Table 25 North America: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 26 North America: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 27 US: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 28 US: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 29 Canada: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 30 Canada: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 31 Mexico: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 32 Mexico: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 33 Europe: Switchgear Market Size, By Country, 2015–2022 (USD Billion)
Table 34 Europe: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 35 Europe: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 36 Germany: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 37 Germany: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 38 Russia: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 39 Russia: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 40 UK: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 41 UK: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 42 France: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 43 France: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 44 Rest of Europe: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 45 Rest of Europe: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 46 APAC: Switchgear Market Size, By Country, 2015–2022 (USD Billion)
Table 47 APAC: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 48 APAC: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 49 China: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 50 China: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 51 India: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 52 India: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 53 Australia: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 54 Australia: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 55 Japan: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 56 Japan: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 57 Rest of APAC: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 58 Rest of APAC: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 59 South America: Switchgear Market Size, By Region, 2015–2022 (USD Billion)
Table 60 South America: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 61 South America: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 62 Brazil: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 63 Brazil: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 64 Argentina: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 65 Argentina: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 66 Rest of South America: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 67 Rest of South America: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 68 MEA: Switchgear Market Size, By Country, 2015–2022 (USD Billion)
Table 69 MEA: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 70 MEA: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 71 Saudi Arabia: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 72 Saudi Arabia: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 73 UAE: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 74 UAE: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 75 Kuwait: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 76 Kuwait: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 77 South Africa: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 78 South Africa: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)
Table 79 Rest of MEA: Switchgear Market Size, By Voltage, 2015–2022 (USD Billion)
Table 80 Rest of MEA: Switchgear Market Size, By End-User, 2015–2022 (USD Billion)

List of Figures (65 Figures)
Figure 1 Market Segmentation: Switchgear Market
Figure 2 Switchgear Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 APAC Led Global Switchgear Market in 2016
Figure 8 T&D Utilities Segment to Lead Global Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 9 > 72.5 Voltage Segment to Lead Global Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 10 Increasing Access to Electricity to Drive Global Switchgear Market During Forecast Period
Figure 11 T&D Utilities Segment Held Largest Share in APAC Switchgear Market in 2016
Figure 12 APAC to Witness Highest CAGR, 2017-2022
Figure 13 GIS Segment to Lead Global Switchgear Market, 2017-2022 (USD Billion)
Figure 14 >72.5 Voltage Segment Held Largest Share in 2016
Figure 15 Drivers, Restraints, Challenges, and Opportunities
Figure 16 Asia Construction Expenditure, By Country, 2015
Figure 17 Access to Electricity By Population, 2008–2014
Figure 18 Renewable Energy Use in 2014 and 2030
Figure 19 Global Switchgear Market Segment, By Voltage, 2016
Figure 20 Global Switchgear Market Segment, By End-User, 2016
Figure 21 GIS Segment Led Global Switchgear Market, By Equipment, 2016
Figure 22 Global Switchgear Market, By Region, 2016
Figure 23 Regional Snapshot: Switchgear Market Growth Rate in Various Countries, 2017 to 2022
Figure 24 North America Switchgear Market: Regional Snapshot
Figure 25 >72.5 kV Segment to Lead US Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 26 T&D Segment to Lead Canadian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 27 European Switchgear Market: 2016
Figure 28 1-36 kV Segment to Lead German Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 29 T&D Utilities Segment to Lead Russian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 30 <1 kV Segment to Lead UK Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 31 APAC Switchgear Market: Regional Snapshot
Figure 32 >72.5 kV Segment to Lead Chinese Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 33 T&D Segment to Lead Indian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 34 South America Switchgear Market: 2016
Figure 35 >72.5 kV Segment to Lead Brazilian Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 36 Manufacturing & Process Industries Segment to Lead Switchgear Market in Argentina, By End-User, 2017-2022 (USD Billion)
Figure 37 MEA Switchgear Market: 2016
Figure 38 >72.5 kV Segment to Lead Saudi Arabian Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 39 T&D Utilities Segment to Lead Switchgear Market in Kuwait, By End-User, By 2022 (USD Billion)
Figure 40 Key Developments in Global Switchgear Market, 2014–2017
Figure 41 Market Ranking for Switchgear, 2016
Figure 42 Low Voltage Switchgear: Market Structure, 2016
Figure 43 Medium Voltage Switchgear: Market Structure, 2016
Figure 44 Market Evaluation Framework, 2014–2017
Figure 45 Battle for Market Share (2014–2017): Contracts & Agreements Was the Key Strategy Adopted By Players in Global Switchgear Market
Figure 46 Competitive Leadership Mapping, 2017
Figure 47 Strength of Product Portfolio (25 Players)
Figure 48 Business Strategy Excellence (25 Players)
Figure 49 ABB Ltd.: Company Snapshot
Figure 50 Hyosung Corporation: Company Snapshot
Figure 51 Alstom SA: Company Snapshot
Figure 52 CG Power and Industrial Solutions Limited: Company Snapshot
Figure 53 Hitachi, Ltd.: Company Snapshot
Figure 54 Hyundai Heavy Industries Co., Ltd.: Company Snapshot
Figure 55 Schneider Electric Se: Company Snapshot
Figure 56 Siemens AG: Company Snapshot
Figure 57 Eaton Corporation PLC: Company Snapshot
Figure 58 General Electric Company: Company Snapshot
Figure 59 Toshiba Corporation: Company Snapshot
Figure 60 Mitsubishi Electric Corporation: Company Snapshot
Figure 61 Powell Industries, Inc.: Company Snapshot
Figure 62 TE Connectivity Ltd.: Company Snapshot
Figure 63 Larsen & Toubro Limited: Company Snapshot
Figure 64 Elektrobudowa SA Group: Company Snapshot
Figure 65 Zpue S.A.: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abb Ltd.
  • Eaton Corporation Plc
  • General Electric Company
  • Hyosung Corporation
  • Lucy Electric Uk Ltd.
  • Schneider Electric Se
  • MORE

The global switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 Billion by 2022. Continuous demand for construction and developmental activities, increasing access for electricity in developing countries, and growth in renewable power generation projects are the major drivers of the switchgear market.

The report segments the switchgear market, by voltage, into < 1 KV, 1–36 kV, 36–72.5 kV, and > 72 kV. The voltage capacity of the > 72.5 kV sub-segment dominated the voltage segment in 2016 due to increasing electrical sub-stations in transmission and distribution network and protection of the electrical circuit equipment at high voltages.

Based on the end-user segment, the switchgear market is segmented into transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, and others. Others include marine, transportation, and mining sectors. The transmission and distribution utilities sub-segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is expected to grow at the fastest rate during the forecast period.

Based on equipment, the switchgear market is segmented into gas insulated switchgear, air insulated switchgear, and circuit breakers. Gas insulated switchgear held the largest market share in 2016 and is projected to dominate the market during the forecast period due to its space optimization, low maintenance, and protection against external elements. SF6 is used as an arc quenching and insulation medium for gas insulated switchgear that provides environmental advantages over other switchgears.

In this report, the switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle East and Africa, and South America. The market in Asia Pacific is expected to lead the global switchgear market during the forecast period due to the upgradation of aging electrical grid infrastructure and increase in electricity demand in the region.

Aging power infrastructure, HVDC transmission networks, and upcoming smart cities can lead to opportunities in the switchgear market. Stringent environmental and safety regulations for SF6 switchgears and increasing competition from the unorganized sector of the switchgear market could be a restraint for the switchgear market, leading to declining profits.

Some of the leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), and Schneider Electric SE (France). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.

Note: Product cover images may vary from those shown
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  • Abb Ltd.
  • Alstom Sa
  • Cg Power And Industrial Solutions Limited
  • Eaton Corporation Plc
  • Elektrobudowa Sa Group
  • General Electric Company
  • Hawker Siddeley Switchgear Ltd.
  • Hitachi Ltd.
  • Hyosung Corporation
  • Hyundai Heavy Industries Co., Ltd.
  • Larsen & Toubro Limited
  • Lucy Electric Uk Ltd.
  • Mitsubishi Electric Corporation
  • Powell Industries, Inc.
  • Schneider Electric Se
  • Sel S.P.A.
  • Siemens Ag
  • Te Connectivity Ltd.
  • Toshiba Corporation
  • Zpue S.A.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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