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Switchgear Global Market Opportunities and Strategies to 2030

  • ID: 5178787
  • Report
  • October 2020
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • ABB Ltd
  • BMC Manufacturing
  • G&W Electric
  • KFB Holding Group
  • Meidensha
  • Schneider Electric
  • MORE

Switchgear Global Market Opportunities and Strategies to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global switchgear market.

Reasons to Purchase

  • Outperform competitors using accurate up to date demand-side dynamics information.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Identify growth segments for investment.
  • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
  • Create regional and country strategies on the basis of local data and analysis.
  • Stay abreast of the latest customer and market research findings
  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
  • Gain a global perspective on the development of the market.

Description:

Where is the largest and fastest-growing market for the switchgear market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global switchgear market opportunities and strategies to 2030 report answers all these questions and many more.

The report covers the following chapters

  • Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
  • Report Structure - This section gives the structure of the report and the information covered in the various sections.
  • Introduction - The introduction section of the report gives brief introduction about segmentation by geography and segmentation by type, and by end-user industry.
  • Market Characteristics - The market characteristics section of the report defines and explains the switchgear market. This chapter includes different services covered in the report and basic definitions.
  • Trends and Strategies - This chapter describes the major trends shaping the global switchgear market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
  • Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
  • Regional Analysis - This section contains the historic (2015-2019), forecast (2019-2023F, 2025F, 2030F) market value and growth and market share comparison by region.
  • Market Segmentation - This section contains the market values (2015-2019, 2019-2023F, 2025F, 2030F) and analysis for segment by type in the market.
  • Regional Market Size and Growth - This section contains the region’s market size (2019), historic and forecast (2015-2019, and 2023F, 2025F, 2030F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
  • Competitive Landscape - This section covers details on the competitive landscape of the global switchgear market, estimated market shares and company profiles of the leading players.
  • Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
  • Conclusions and Recommendations - This section includes conclusions and recommendations based on the findings of the research. This section also gives recommendations for switchgear in terms of products offerings, geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

The global switchgear market is segmented -

  • By Type Of Product: Low Voltage; Medium Voltage; High Voltage
  • By End User: Industrial; Utilities; Residential; Commercial; Switchgear

Companies Mentioned: ABB Ltd; Schneider Electric; Siemens AG; Mitsubishi Electric Corporation; Eaton Corporation Inc.

Countries: China, Japan, India, Australia, Indonesia, South Korea, USA, Brazil, UK, Germany, France, Russia

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • BMC Manufacturing
  • G&W Electric
  • KFB Holding Group
  • Meidensha
  • Schneider Electric
  • MORE

1. Switchgear Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Product Type
6.1.3. Segmentation By End-User

7. Switchgear Market Characteristics
7.1. Market Definition
7.2. Segmentation By Product Type
7.2.1. Low Voltage Switchgear (≤2KV)
7.2.2. Medium Voltage Switchgear (2KV - 36KV)
7.2.3. High Voltage Switchgear (Above 36KV)
7.3. Market Segmentation By End-User
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.3.4. Utilities

8. Switchgear Market Trends and Strategies
8.1. Digital Switchgear
8.2. Technological Advancements In Gas-Insulated Switchgears (GIS)
8.3. Development Of Eco-Efficient Switchgear
8.4. Internet Of Things (IoT) Enabled Switchgears
8.5. Strategic Alliances
8.6. Automated Switchgear
8.7. Specialized Switchgear In Critical Industries

9. Global Switchgear Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, 2015 - 2019, Value ($ Billion)
9.2.1. Drivers Of The Market 2015 - 2019
9.2.2. Rise In Power Consumption
9.2.3. Favorable Government Initiatives
9.2.4. Economic Growth in Emerging Markets
9.2.5. Restraints On The Market 2015 - 2019
9.2.6. Political Uncertainties and Geopolitical Tensions
9.2.7. Susceptibility to Hacking
9.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
9.3.1. Drivers Of The Market 2019 - 2023
9.3.2. Increasing Demand For Electricity
9.3.3. Growing Use Of Electricity In Transportation
9.3.4. Investments In Renewable Energy
9.3.5. Increasing Demand for Electricity from Manufacturing
9.3.6. Interest Rates
9.3.7. Replacement Of Old Switchgears
9.3.8. Load Management and Balance
9.3.9. Restraints On The Market 2019 - 2023
9.3.10. Volatility In Raw Material Prices
9.3.11. Environmental Regulations
9.3.12. COVID-19

10. Global Switchgear Market Segmentation
10.1. Global Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
10.2. Global Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

11. Switchgear Market, Regional and Country Analysis
11.1. Global Switchgear Market, By Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
11.2. Global Switchgear Market, By Country, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

12. Asia-Pacific Switchgear Market
12.1. Asia-Pacific Switchgear Market Overview
12.1.1. Region Information
12.1.2. Impact Of COVID-19
12.1.3. Market Information
12.1.4. Background Information
12.1.5. Government Initiatives
12.1.6. Regulations
12.1.7. Regulatory Bodies
12.1.8. Major Associations
12.1.9. Corporate Tax Structure
12.1.10. Investments
12.1.11. Major Companies
12.2. Asia-Pacific Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.3. Asia-Pacific Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.4. Asia-Pacific Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.5. Asia-Pacific Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.6. Asia-Pacific Switchgear Market: Country Analysis
12.7. China Switchgear Market
12.8. China Switchgear Market Overview
12.8.1. Country Information
12.8.2. Impact Of COVID-19
12.8.3. Market Information
12.8.4. Background Information
12.8.5. Government Initiatives
12.8.6. Regulations
12.8.7. Regulatory Bodies
12.8.8. Major Associations
12.8.9. Corporate Tax Structure
12.8.10. Investments
12.8.11. Major Companies
12.9. China Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.10. China Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.11. China Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.12. China Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.13. India Switchgear Market
12.14. India Switchgear Market Overview
12.14.1. Country Information
12.14.2. Impact Of COVID-19
12.14.3. Market Information
12.14.4. Background Information
12.14.5. Government Initiatives
12.14.6. Regulations
12.14.7. Regulatory Bodies
12.14.8. Major Associations
12.14.9. Corporate Tax Structure
12.14.10. Investments
12.14.11. Major Companies
12.15. India Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.16. India Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.17. India Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.18. India Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.19. Japan Switchgear Market
12.20. Japan Switchgear Market Overview
12.20.1. Country Information
12.20.2. Impact Of COVID-19
12.20.3. Market Information
12.20.4. Background Information
12.20.5. Government Initiatives
12.20.6. Regulations
12.20.7. Regulatory Bodies
12.20.8. Major Associations
12.20.9. Corporate Tax Structure
12.20.10. Investments
12.20.11. Major Companies
12.21. Japan Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.22. Japan Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.23. Japan Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.24. Japan Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.25. Australia Switchgear Market
12.25.1. Impact Of COVID-19
12.25.2. Market Information
12.26. Australia Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.27. Australia Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.28. Australia Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.29. Australia Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.30. Indonesia Switchgear Market
12.30.1. Impact Of COVID-19
12.30.2. Market Information
12.31. Indonesia Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.32. Indonesia Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.33. Indonesia Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.34. Indonesia Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.35. South Korea Switchgear Market
12.35.1. Impact Of COVID-19
12.35.2. Market Information
12.36. South Korea Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
12.37. South Korea Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
12.38. South Korea Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
12.39. South Korea Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

13. Western Europe Switchgear Market
13.1. Western Europe Switchgear Market Overview
13.1.1. Region Information
13.1.2. Impact Of COVID-19
13.1.3. Market Information
13.1.4. Background Information
13.1.5. Government Initiatives
13.1.6. Regulations
13.1.7. Regulatory Bodies
13.1.8. Major Associations
13.1.9. Corporate Tax Structure
13.1.10. Investments
13.1.11. Major Companies
13.2. Western Europe Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
13.3. Western Europe Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
13.4. Western Europe Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.5. Western Europe Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.6. Western Europe Switchgear Market: Country Analysis
13.7. UK Switchgear Market
13.8. UK Switchgear Market Overview
13.8.1. Country Information
13.8.2. Impact Of COVID-19
13.8.3. Market Information
13.8.4. Background Information
13.8.5. Government Initiatives
13.8.6. Regulations
13.8.7. Regulatory Bodies
13.8.8. Major Associations
13.8.9. Corporate Tax Structure
13.8.10. Investments
13.8.11. Major Companies
13.9. UK Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
13.10. UK Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
13.11. UK Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.12. UK Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.13. Germany Switchgear Market
13.13.1. Impact Of COVID-19
13.13.2. Market Information
13.14. Germany Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
13.15. Germany Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
13.16. Germany Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.17. Germany Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.18. France Switchgear Market
13.18.1. Impact Of COVID-19
13.18.2. Market Information
13.19. France Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
13.20. France Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
13.21. France Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.22. France Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

14. Eastern Europe Switchgear Market
14.1. Eastern Europe Switchgear Market Overview
14.1.1. Region Information
14.1.2. Impact Of COVID-19
14.1.3. Market Information
14.1.4. Background Information
14.1.5. Government Initiatives
14.1.6. Regulations
14.1.7. Regulatory Bodies
14.1.8. Major Associations
14.1.9. Corporate Tax Structure
14.1.10. Investments
14.1.11. Major Companies
14.2. Eastern Europe Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
14.3. Eastern Europe Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
14.4. Eastern Europe Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.5. Eastern Europe Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.6. Eastern Europe Switchgear Market: Country Analysis
14.7. Russia Switchgear Market
14.7.1. Impact Of COVID-19
14.7.2. Market Information
14.8. Russia Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
14.9. Russia Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
14.10. Russia Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.11. Russia Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

15. North America Switchgear Market
15.1. North America Switchgear Market Overview
15.1.1. Region Information
15.1.2. Impact Of COVID-19
15.1.3. Market Information
15.1.4. Background Information
15.1.5. Government Initiatives
15.1.6. Regulations
15.1.7. Regulatory Bodies
15.1.8. Major Associations
15.1.9. Corporate Tax Structure
15.1.10. Investments
15.1.11. Major Companies
15.2. North America Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
15.3. North America Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
15.4. North America Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.5. North America Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.6. North America Switchgear Market: Country Analysis
15.7. USA Switchgear Market
15.8. USA Switchgear Market Overview
15.8.1. Country Information
15.8.2. Impact Of COVID-19
15.8.3. Market Information
15.8.4. Background Information
15.8.5. Government Initiatives
15.8.6. Regulations
15.8.7. Regulatory Bodies
15.8.8. Major Associations
15.8.9. Corporate Tax Structure
15.8.10. Investments
15.8.11. Major Companies
15.9. USA Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
15.10. USA Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
15.11. USA Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.12. USA Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

16. South America Switchgear Market
16.1. South America Switchgear Market Overview
16.1.1. Region/Country Information
16.1.2. Impact of COVID-19
16.1.3. Market Information
16.1.4. Background Information
16.1.5. Government Initiatives
16.1.6. Regulations
16.1.7. Regulatory Bodies
16.1.8. Major Associations
16.1.9. Corporate Tax Structure
16.1.10. Investments
16.1.11. Major Companies
16.2. South America Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
16.3. South America Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
16.4. South America Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.5. South America Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.6. South America Switchgear Market: Country Analysis
16.7. Brazil Switchgear Market
16.7.1. Impact Of COVID-19
16.7.2. Market Information
16.8. Brazil Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
16.9. Brazil Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
16.10. Brazil Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.11. Brazil Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

17. Middle East Switchgear Market
17.1. Middle East Switchgear Market Overview
17.1.1. Region Information
17.1.2. Impact of COVID-19
17.1.3. Market Information
17.1.4. Background Information
17.1.5. Government Initiatives
17.1.6. Regulations
17.1.7. Regulatory Bodies
17.1.8. Major Associations
17.1.9. Corporate Tax
17.1.10. Investments
17.1.11. Major Companies
17.2. Middle East Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
17.3. Middle East Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
17.4. Middle East Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.5. Middle East Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

18. Africa Switchgear Market
18.1. Africa Switchgear Market Overview
18.1.1. Region Information
18.1.2. Impact of COVID-19
18.1.3. Market Information
18.1.4. Background Information
18.1.5. Government initiatives
18.1.6. Regulations
18.1.7. Regulatory Bodies
18.1.8. Major Associations
18.1.9. Corporate Tax
18.1.10. Investments
18.1.11. Major Companies
18.2. Africa Switchgear Market, Historic Market Growth, 2015 - 2019, Value ($ Billion)
18.3. Africa Switchgear Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Billion)
18.4. Africa Switchgear Market, Segmentation By Product Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.5. Africa Switchgear Market, Segmentation By End-User, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Billion)

19. Global Switchgear Market Competitive Landscape
19.1. Company Profiles
19.2. ABB Ltd
19.2.1. Company Overview
19.2.2. Products and Services
19.2.3. Business Strategy
19.2.4. Financial Overview
19.3. Schneider Electric
19.3.1. Company Overview
19.3.2. Products and Services
19.3.3. Business Strategy
19.3.4. Financial Overview
19.4. Siemens AG
19.4.1. Company Overview
19.4.2. Products and Services
19.4.3. Business Strategy
19.4.4. Financial Overview
19.5. Mitsubishi Electric Corporation
19.5.1. Company Overview
19.5.2. Products and Services
19.5.3. Business Strategy
19.5.4. Financial Overview
19.6. Eaton Corporation Inc
19.6.1. Company Overview
19.6.2. Products and Services
19.6.3. Business Strategy
19.6.4. Financial Overview

20. Key Mergers and Acquisitions In The Switchgear Market
20.1. Siemens Ltd Acquired C&S Electric
20.2. Power Grid Components, Inc. Acquired Royal Switchgear
20.3. Eaton Corporation Acquired Innovative Switchgear Solutions, Inc.
20.4. Eaton Corporation Acquired Majority Stake In Ulusoy Elektrik
20.5. Lucy Group Ltd Acquired Electrical Switchgear Business Of Arteche In Brazil
20.6. Hitachi, Ltd. Acquired Majority Stake In ABB’s Power Grids Business Unit
20.7. Schneider Electric Acquired ASCO Power Technologies
20.8. AZZ Inc. Acquired Powergrid Solutions, Inc.
20.9. First Reserve Acquired Transmission and Distribution Division Of Crompton Greaves

21. Switchgear Market Opportunities and Strategies
21.1. Global Switchgear Market In 2023 - Countries Offering Most New Opportunities
21.2. Global Switchgear Market In 2023 - Segments Offering Most New Opportunities
21.3. Global Switchgear Market In 2023 - Growth Strategies
21.3.1. Market Trend Based Strategies
21.3.2. Competitor Strategies

22. Switchgear Market, Conclusions and Recommendations
22.1. Conclusions
22.2. Recommendations
22.2.1. Product
22.2.2. Place
22.2.3. Price
22.2.4. Promotion
22.2.5. People

23. Appendix
23.1. Market Data Sources
23.2. NAICS Definitions Of Industry Covered In This Report
23.3. Research Methodology
23.4. Currencies
23.5. Research Inquiries
23.6. About the Publisher
23.7. Copyright and Disclaimer

Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • ABB Ltd
  • BMC Manufacturing
  • G&W Electric
  • KFB Holding Group
  • Meidensha
  • Schneider Electric
  • MORE

This report describes and evaluates the global switchgear market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global switchgear market reached a value of nearly $96.9 billion in 2019, having increased at a compound annual growth rate (CAGR) of 5.9% since 2015. The market is expected to decline from $96.9 billion in 2019 to $82.1 billion in 2020 at a rate of -15.3%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7.5% from 2021 ad reach $113.5 billion in 2023.

Growth in the historic period resulted from rise in power consumption, favorable government initiatives, and economic growth in emerging markets. Factors that negatively affected growth in the historic period were political uncertainties and geopolitical tensions, and susceptibility to hacking.

Going forward, increasing demand for electricity, growing use of electricity in transportation, investments in renewable energy, increasing demand for electricity from manufacturing, interest rates, replacement of old switchgears, and load management and balance will drive the growth. Factors that could hinder the growth of the switchgear market in the future include volatility in raw material prices, environmental regulations, and COVID-19 pandemic.

The switchgear market is segmented by product type into low voltage, medium voltage, and high voltage. The low voltage market was the largest segment of the switchgear market segmented by product type, accounting for 49.5% of the total in 2019. Going forward, the medium voltage segment is expected to be the fastest-growing segment in the switchgear market, at a CAGR of 4.3%.

The switchgear market is segmented by end-user into industrial, utilities, residential, and commercial. The industrial market was the largest segment of the switchgear market segmented by end-user, accounting for 28.6% of the total in 2019. Going forward, the industrial segment is expected to be the fastest-growing segment in the switchgear market, at a CAGR of 4.05%.

The Asia Pacific was the largest region in the global switchgear market, accounting for 45.3% of the total in 2019. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the switchgear market will be Eastern Europe, and Africa, where growth will be at CAGRs of 8.0% and 6.5% respectively. These will be followed by the Asia Pacific, and the Middle East, where the markets are expected to grow at CAGRs of 6.4% and 5.0% respectively.

The global switchgear market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 7.43% of the total market in 2019. Major players in the market include ABB Ltd, Schneider Electric, Siemens AG, Mitsubishi Electric Corporation, and Eaton Corporation Inc.

The top opportunities in the switchgear market segmented by product type will arise in the low voltage market segment, which will gain $8.0 billion of global annual sales by 2023. The top opportunities in the switchgear market segmented by end-user will arise in the industrial segment, which will gain $4.8 billion of global annual sales by 2023. The switchgear market size will gain the most in China at $4.4 billion.

Market-trend-based strategies for the switchgear market include focusing on digital technologies, focusing on developing innovative products to meet the changing requirements of the power generation industry, investing in eco-efficient solutions for minimizing the impact on the environment, deploying Internet of Things (IoT) enabled switchgears for automated operations and energy management, promoting automated switchgear within power generation and transmission industries to adopt smart grid operations, and developing and promoting specialized switchgear for critical industries. Player-adopted strategies in the switchgear market include strengthening presence through contracts and agreements, upgrading manufacturing facilities to increase the production, and boosting business through acquisitions and mergers.

Amidst the unprecedented outbreak of coronavirus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has decreased short-term potential growth opportunities for the switchgear industry. COVID-19 pandemic has halted the economic activity in the majority of countries. Besides, with manufacturing activity around the world shut down, the demand for electricity from industrial and commercial segments has declined sharply. Owing to the COVID crisis, it is advisable for the businesses in the switchgear manufacturing prioritize hygiene, and digitize operations such as billing.

To take advantage of the opportunities, the publisher recommends the switchgear companies to focus on developing smart switchgears, focus on developing digital switchgears, take initiatives to use renewable energy, focus on expanding manufacturing base in low-cost countries, set up authorized distribution channel, scale-up through collaborations, offer competitive pricing, use direct-to-consumer (DTC) advertising, organizing events and campaigns, increasing visibility through a high-performance website and focus on fast-growing end-use industries.

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd
  • ABB Xiamen Switchgear Co., Ltd.
  • Abunayyan Holding Company
  • Actom
  • Afcon
  • Alan Electrical Limited
  • Alstom
  • Anchor Electricals Pvt Ltd
  • Bharat Heavy Electrical Limited
  • BMC Manufacturing
  • CG Power and Industrial Solutions Limited (Crompton Greaves)
  • CHEM
  • Eaton Corporation Inc.
  • Egyptian German Electrical Manufacturing Co
  • Electroshield Samara
  • Fortune Electric
  • Fuji Electric
  • G&W Electric
  • GE T&D India Ltd
  • Havells India Limited
  • Hitachi Ltd.
  • Hyosung Heavy Industries
  • Hyundai Electric & Energy Systems Co., Ltd.
  • IZVA
  • KFB Holding Group
  • Larsen & Toubro Limited
  • Legrand India Private Limited
  • LLC
  • LS ELECTRIC Co. Ltd.
  • Lucy Electric
  • Matelec Group
  • Meidensha
  • Mitsubishi Electric Corporation
  • Nissin Electric
  • Noja Power
  • Orecco Electric
  • Powell Industries
  • S&C Electric Company
  • Schneider Electric
  • Schneider Electric Infrastructure Limited
  • Shihlin Electric
  • Siemens AG
  • SIVAR
  • SwitchGear Company NV (SGC)
  • Tamco
  • Tenaga Switchgear
  • TIEPCO
  • Toshiba Corporation
  • Twyver Switchgear
  • Wahah Electric Supply Company of Saudi Arabia Ltd. (WESCOSA)
Note: Product cover images may vary from those shown

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