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Global Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High & Extra High Voltage, Medium Voltage, Low Voltage), Component (Hardware, Software & Services), Monitoring, End User (Utilities, Industries, Commercial) & Region - Forecast to 2028

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    Report

  • 202 Pages
  • December 2023
  • Region: Global
  • Markets and Markets
  • ID: 5145046
Description Jump to:

The global switchgear monitoring system market is estimated to grow from USD 1.8 Billion in 2023 to USD 2.7 Billion by 2028; it is expected to record a CAGR of 8.4% during the forecast period. The demand for switchgear monitoring systems is rising due to increasing energy needs, integration of renewable energy sources, deployment of smart grids and digitalization, electrification of sectors like transportation, and ongoing grid modernization efforts.

Low Voltage: The fastest segment of the switchgear monitoring system market, by voltage

Based on voltage type, the switchgear monitoring system market has been split into thress types: Low Voltage, Medium voltage and High & Extra High voltage. The adoption of low voltage is growing and is expected to be the fastest segment. low voltage switchgear plays a crucial role in controlling and distributing electrical power within a facility. This innovative solution is meticulously designed to enhance operational efficiency, safety, and reliability by providing real-time insights into the status of the low voltage switchgear. Offering features such as fault detection, remote accessibility, and energy efficiency optimization, the monitoring system ensures proactive maintenance, minimizing downtime and optimizing energy usage driving the low voltage segmnt market.

Air insulated switchgear segment is expected to emerge as the second-fastest segment based on type

Based on type, the switchgear monitoring system market has been segmented into Air insulated switchgear and Gas insulated switchgear industrial. The Air insulated switchgear segment is expected to be the second-fastest segment. The market for air-insulated switchgear monitoring systems is driven by rising demand for medium-voltage switchgear monitoring systems across end-user sectors such as utilities, industries, commercial, and others. Additionally, The simplicity of AIS design contributes to its affordability, while its pollution-free nature aligns with environmentally conscious practices. The uncomplicated construction and easy maintenance procedures make AIS a preferred option in scenarios where straightforward operation and reliability further contributes to the prominence of the air insulated switchgear segment in this market.

Europe is expected to be the second largest region in the switchgear monitoring system market

Europe is expected to be the second largest region in the switchgear monitoring system markets between 2023-2028. The market in Europe comprises Germany, UK, France, Italy, Russia, Rest of Europe countries. The region is experiencing rise in the investments in renewable power generation and high growth in industrialization are expected to propel market growth. Also, upgradation of T&D network to have a positive impact on the market

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 - 30%, and Tier 3 - 25%
  • By Designation: C-Level - 35%, Director Levels - 25%, and Others - 40%
  • By Region: North America - 27%, Europe - 20%, Asia Pacific - 33%, the Middle East & Africa - 12%, and South America - 8%

Note: Others include product engineers, product specialists, and engineering leads

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The switchgear monitoring system market is dominated by a few major players that have a wide regional presence. The leading players in the refinery and petrochemical filtration market are ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland).

Research Coverage

The report defines, describes, and forecasts the global Switchgear monitoring system market, by type, by component, by voltage, by servces, 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 monitoring system market.

Key Benefits of Buying the Report

  • Rise in grid investments and growing demand for reliable and continuous power supply drive the demand. Factors such as delays in procurement and installation of electrical equipment due to complex regulatory and environment authorizations procedures and implementation of stringent regulations hinder market growth. Continuous increase in power generation capacity and increasing developments of smart grids and growing digitalization offer lucrative opportunities in this market. Supply-chain constraints and requirement for high technical expertise to develop and install power cables are major challenges faced by countries in this market.
  • Product Development/ Innovation: The trends such as Intelligent switchgear are groundbreaking advancements in the industry, integrating advanced sensing capabilities and connectivity for improved control and data analysis. It enhances the monitoring and predictive analytics process by incorporating intelligent electronic devices (IEDs), including smart circuit breakers, sensors, and microprocessor-based relays and meters. Additional sensors like humidity, temperature, vibration, motion, noise, and light provide crucial data for assessing equipment health.
  • Market Development: The development of smart grids is essential to achieve shared goals for energy security, economic development, and climate change mitigation. Smart grids enable increased demand response and energy efficiency, integration of variable renewable energy resources into the power grid infrastructure while reducing peak demand and stabilizing the electricity system.
  • Market Diversification: ABB launched Low Voltage Switchgear Digital enables real-time access to electrical distribution data, empowering you for Industry 4.0 and unlocking possibilities in intelligent devices, IoT and cloud technology. It is designed for ABB's low voltage switchgear portfolio.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland) among others in the switchgear monitoring system market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Unit Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.9 Impact of Recession

2 Research Methodology
2.1 Research Approach
Figure 1 Switchgear Monitoring System Market: Research Design
2.2 Data Triangulation
Figure 2 Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 List of Key Primary Interview Participants
2.2.2.2 Key Data from Primary Sources
2.2.2.3 Breakdown of Primaries
Figure 3 Breakdown of Primaries
2.3 Research Scope
Figure 4 Main Metrics Considered to Assess Demand for Switchgear Monitoring System
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand-Side Analysis
2.4.3.1 Regional Analysis
2.4.3.2 Country-Level Analysis
2.4.3.3 Demand-Side Assumptions
2.4.3.4 Demand-Side Calculations
2.4.4 Supply-Side Analysis
Figure 7 Key Steps Considered to Assess Supply of Switchgear Monitoring Systems
Figure 8 Switchgear Monitoring System Market: Supply-Side Analysis
2.4.4.1 Supply-Side Assumptions
2.4.4.2 Supply-Side Calculations
Figure 9 Company Revenue Analysis, 2022
2.4.5 Forecast
2.5 Risk Assessment
2.6 Recession Impact

3 Executive Summary
Table 1 Switchgear Monitoring System Market: Snapshot
Figure 10 Gas-Insulated Switchgear Segment to Hold Larger Market Share in 2023
Figure 11 Hardware Segment to Exhibit Higher CAGR During Forecast Period
Figure 12 High and Extra High Voltage Segment to Secure Largest Market Share During Forecast Period
Figure 13 Temperature Monitoring Segment to Record Highest CAGR During Forecast Period
Figure 14 Utilities Segment to Secure Largest Market Share in 2028
Figure 15 Asia-Pacific Accounted for the Largest Share of Global Switchgear Monitoring System Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in the Switchgear Monitoring System Market
Figure 16 Growing Deployment of Smart Grids and Increasing Digitalization to Drive Market
4.2 Switchgear Monitoring System Market in Asia-Pacific, by End-user and Country
Figure 17 Utilities Segment and China Held Largest Shares of Asia-Pacific Switchgear Monitoring System Market in 2022
4.3 Switchgear Monitoring System Market, by Type
Figure 18 Gas-Insulated Switchgear Segment to Account for Larger Market Share in 2028
4.4 Switchgear Monitoring System Market, by Component
Figure 19 Hardware to Secure Larger Market Share in 2028
4.5 Switchgear Monitoring System Market, by Voltage
Figure 20 High and Extra High Voltage Segment to Dominate Market Throughout Forecast Period
4.6 Switchgear Monitoring System Market, by Service
Figure 21 Temperature Monitoring Segment to Command Market in 2028
4.7 Switchgear Monitoring System Market, by End-user
Figure 22 Utility Segment to Command Market in 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Switchgear Monitoring System Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Shift from Conventional Maintenance Methods to Condition-based Services
Table 2 Projects/Regulations by Different Countries for Energy Transition
5.2.1.2 Strengthened Power Distribution Infrastructure
5.2.1.3 Rising Use of Electric Distribution and Transmission Systems Powered by Renewable Energy Sources
Figure 24 Annual Clean Energy Investment (USD Billion)
Figure 25 Energy Transition Investment by Top 10 Countries, 2021
5.2.2 Restraints
5.2.2.1 High Installation Cost
5.2.3 Opportunities
5.2.3.1 Growing Deployment of Smart Grids
Figure 26 Annual Investment Expenditure on Electricity Grids, 2015-2022
5.2.4 Challenges
5.2.4.1 Inadequate Data Storage and Management Concerns
5.2.4.2 Susceptibility of Switchgear Monitoring Systems to Cyber Threats
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 27 Trends/Disruptions Impacting Customers’ Businesses
5.4 Ecosystem Analysis
Table 3 Companies and Their Roles in Switchgear Monitoring System Ecosystem
Figure 28 Ecosystem/Market Map
5.5 Value Chain Analysis
Figure 29 Value Chain Analysis: System Manufacturers/Installation and Maintenance Service Providers to ADD Maximum Value to Overall Product
5.5.1 Raw Material/Component Providers
5.5.2 Switchgear Monitoring System Manufacturers
5.5.3 Distributors/Resellers
5.5.4 End-users/Operators
5.5.5 Maintenance/Service Providers
5.6 Technology Analysis
5.6.1 Surface Acoustic Wave (Saw) Technology
5.6.2 Intelligent Switchgear
5.7 Pricing Analysis
Figure 30 Average Selling Price (ASP) Trend of Switchgear Monitoring Systems, by Type, 2017-2022
Table 4 Average Selling Price (ASP) Trend of Switchgear Monitoring Systems, by Type (USD/Unit)
Table 5 Average Selling Price (ASP) Trend of Switchgear Monitoring Systems, by Region (USD/Unit)
Figure 31 Average Selling Price (ASP) Trend of Switchgear Monitoring Systems, by Region
5.8 Tariffs, Standards, and Regulatory Landscape
5.8.1 Tariffs
Table 6 Import Data for HS 8536-Compliant Low-Voltage Protection Equipment, 2019
Table 7 Import Data for HS 8535-Compliant High-Voltage Protection Equipment, 2019
5.8.2 Regulatory Landscape
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.8.3 Standards
5.9 Patent Analysis, 2021-2023
Table 12 Switchgear Monitoring System Market: List of Patents, 2021-2023
5.10 Trade Analysis
5.10.1 Import Scenario
Table 13 Import Data for HS Code-853590 Compliant Products, by Country, 2020-2022 (USD Thousand)
5.10.2 Export Scenario
Table 14 Export Data for HS Code-853590 Compliant Products, by Country, 2020-2022 (USD Thousand)
5.11 Porter's Five Forces Analysis
Table 15 Switchgear Monitoring System Market: Porter's Five Forces Analysis
Figure 32 Switchgear Monitoring System Market: Porter's Five Forces Analysis
5.11.1 Threat of Substitutes
5.11.2 Bargaining Power of Suppliers
5.11.3 Bargaining Power of Buyers
5.11.4 Threat of New Entrants
5.11.5 Intensity of Competitive Rivalry
5.12 Key Conferences and Events, 2023-2024
Table 16 Switchgear Monitoring System Market: List of Conferences and Events
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in the Buying Process
Figure 33 Key Stakeholders in the Buying Process for Top Three End-users
Table 17 Influence of Stakeholders on the Buying Process for Top Three End-users
5.14 Buying Criteria
Figure 34 Key Buying Criteria for Top Three End-users
Table 18 Key Buying Criteria for Top Three End-users
5.15 Case Study Analysis
5.15.1 Use of Deep Learning Technology-based Monitoring System to Detect Switchgear Faults at Medium Voltage
5.15.2 Adoption of Time-Of-Light Measurement Technique to Avoid Mc Switchgear Failure
5.15.3 Installation and Commissioning of Temperature Monitoring Technology on Circuit Breakers to Prevent Electrical Asset Failure

6 Switchgear Monitoring System Market, by Type
6.1 Introduction
Figure 35 Gas-Insulated Switchgear Segment Accounted for Larger Market Share in 2022
Table 19 Switchgear Monitoring System Market, by Product, 2021-2028 (USD Million)
6.2 Gas-Insulated Switchgear
6.2.1 Deployment in High-Voltage Applications to Boost Demand
Table 20 Gas-Insulated Switchgear: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
6.3 Air-Insulated Switchgear
6.3.1 Ease of Maintenance and Environment-Friendly Nature to Accelerate Demand
Table 21 Air-Insulated Switchgear: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)

7 Switchgear Monitoring System Market, by Component
7.1 Introduction
Figure 36 Hardware Segment Accounted for Larger Market Share in 2022
Table 22 Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
7.2 Hardware
7.2.1 Ongoing Technological Advancements in Hardware Components to Offer Lucrative Growth Opportunities to Players
7.2.2 Intelligent Equipment Devices
7.2.3 Distribution Network Feeders
7.2.4 Other Hardware Components
Table 23 Hardware: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
7.3 Software
7.3.1 Pressing Need to Handle Data Processing and Execution to Boost Demand for Secure and Embedded Software
Table 24 Software: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)

8 Switchgear Monitoring System Market, by Service
8.1 Introduction
Figure 37 Temperature Monitoring Segment Dominated Market in 2022
Table 25 Switchgear Monitoring System Market, by Services, 2021-2028 (USD Million)
8.2 Partial Discharge Monitoring
8.2.1 Growing Demand for High-Performance and Reliable Electrical Assets to Stimulate Demand
Table 26 Partial Discharge Monitoring: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
8.3 Gas Monitoring
8.3.1 Need to Monitor Operating Temperature of Electrical Equipment to Elevate Demand
Table 27 Gas Monitoring: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
8.4 Temperature Monitoring
8.4.1 Critical Need for Detecting Operating Temperature of Electrical Equipment Health to Foster Segmental Growth
Table 28 Temperature Monitoring: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
8.5 Other Services
Table 29 Other Services: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)

9 Switchgear Monitoring System Market, by Voltage
9.1 Introduction
Figure 38 High and Extra High Voltage Segment Held Maximum Market Share in 2022
Table 30 Switchgear Monitoring System Market, by Product, 2021-2028 (USD Million)
9.2 Low Voltage
9.2.1 Ability to Enhance Safety and Reliability by Providing Real-Time Insights to Boost Demand
Table 31 Low Voltage: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
9.3 Medium Voltage
9.3.1 Ability to Offer Electrical Protection Against Overload Currents and Prevent Insulation Failures to Boost Demand
Table 32 Medium Voltage: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
9.4 High and Extra High Voltage
9.4.1 Rapid Development of Power Transmission Networks in Developing Countries to Boost Demand
Table 33 High and Extra High Voltage: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)

10 Switchgear Monitoring System Market, by End-user
10.1 Introduction
Figure 39 Utility Segment Accounted for Largest Market Share in 2022
Table 34 Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
10.2 Utilities
10.2.1 Implementation of IP Networks to Enhance Monitoring Capabilities of Switchgear to Drive Market
Table 35 Utilities: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
10.3 Industrial
10.3.1 Strong Focus of Industries on Preventing Financial Losses Associated with Power to Drive Market
Table 36 Industrial: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
10.4 Commercial
10.4.1 Rapid Urbanization in Developing Countries to Offer Lucrative Growth Opportunities to Players
Table 37 Commercial: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
10.5 Other End-users
Table 38 Other End-users: Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)

11 Switchgear Monitoring System Market, by Region
11.1 Introduction
Figure 40 Asia-Pacific to Record Highest CAGR from 2023 to 2028
Figure 41 Asia-Pacific Held for Largest Share of Global Switchgear Monitoring System Market in 2022
Table 39 Switchgear Monitoring System Market, by Region, 2021-2028 (USD Million)
Table 40 Switchgear Monitoring System Market, by Region, 2021-2028 (Units)
11.2 Europe
Figure 42 Europe: Switchgear Monitoring System Market Snapshot
11.2.1 Recession Impact on the Market in Europe
Table 41 Europe: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
Table 42 Europe: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by Voltage, 2021-2028 (USD Million)
Table 43 Europe: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by High and Extra High Voltage, 2021-2028 (USD Million)
Table 44 Europe: Switchgear Monitoring System Market, by Voltage, 2021-2028 (USD Million)
Table 45 Europe: Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
Table 46 Europe: Switchgear Monitoring System Market, by Service, 2021-2028 (USD Million)
Table 47 Europe: Switchgear Monitoring System Market for Partial Discharge Monitoring, by Type, 2021-2028 (USD Million)
Table 48 Europe: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
Table 49 Europe: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
11.2.2 UK
11.2.2.1 Rising Integration of Renewable Energy into Power Mix to Drive Market
Table 50 UK: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.2.3 Germany
11.2.3.1 Enforcement of Stringent Rules for Deployment of Power Transmission Grids to Fuel Market Growth
Table 51 Germany: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.2.4 France
11.2.4.1 Growing Dependence on Nuclear Power Plants to Contribute to Market Growth
Table 52 France: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.2.5 Italy
11.2.5.1 Escalating Investments in Green Energy Projects to Augment Adoption of Switchgear Monitoring Systems
Table 53 Italy: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.2.6 Russia
11.2.6.1 Rising Commitment Toward Carbon Neutrality to Accelerate Market Growth
Table 54 Russia: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.2.7 Rest of Europe
Table 55 Rest of Europe: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3 Asia-Pacific
Figure 43 Asia-Pacific: Switchgear Monitoring System Market Snapshot
11.3.1 Recession Impact on Market in Asia-Pacific
Table 56 Asia-Pacific: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
Table 57 Asia-Pacific: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by Voltage, 2021-2028 (USD Million)
Table 58 Asia-Pacific: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by High and Extra High Voltage, 2021-2028 (USD Million)
Table 59 Asia-Pacific: Switchgear Monitoring System Market, by Voltage, 2021-2028 (USD Million)
Table 60 Asia-Pacific: Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
Table 61 Asia-Pacific: Switchgear Monitoring System Market, by Service, 2021-2028 (USD Million)
Table 62 Asia-Pacific: Switchgear Monitoring System Market for Partial Discharge Monitoring, by Type, 2021-2028 (USD Million)
Table 63 Asia-Pacific: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
Table 64 Asia-Pacific: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
11.3.2 China
11.3.2.1 Increasing Investments in Renewable Energy Projects to Support Market Growth
Table 65 China: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3.3 Japan
11.3.3.1 Rising Government-Led Initiatives to Meet Power Supply Demand to Fuel Market Growth
Table 66 Japan: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3.4 India
11.3.4.1 Shifting Focus Toward Electrification of Remote Areas to Propel Market
Table 67 India: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3.5 South Korea
11.3.5.1 Increasing Developments of Offshore Wind Infrastructure to Contribute to Market Growth
Table 68 South Korea: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3.6 Australia
11.3.6.1 Rising Electrification of Railroad Networks to Accelerate Market Growth
Table 69 Australia: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.3.7 Rest of Asia-Pacific
Table 70 Rest of Asia-Pacific: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.4 North America
11.4.1 Recession Impact on Market in North America
Table 71 North America: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
Table 72 North America: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by Voltage, 2021-2028 (USD Million)
Table 73 North America: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by High and Extra High Voltage, 2021-2028 (USD Million)
Table 74 North America: Switchgear Monitoring System Market, by Voltage, 2021-2028 (USD Million)
Table 75 North America: Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
Table 76 North America: Switchgear Monitoring System Market, by Service, 2021-2028 (USD Million)
Table 77 North America: Switchgear Monitoring System Market for Partial Discharge Monitoring Service, by Type, 2021-2028 (USD Million)
Table 78 North America: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
Table 79 North America: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
11.4.2 US
11.4.2.1 Strong Focus on Renewable Energy Infrastructure Development to Contribute to Market Growth
Table 80 US: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.4.3 Canada
11.4.3.1 Rising Investments in Wind Energy Projects to Foster Market Growth
Table 81 Canada: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.4.4 Mexico
11.4.4.1 Growing Focus on Generating Power Using Renewable Sources to Fuel Market Growth
Table 82 Mexico: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5 Middle East & Africa
11.5.1 Recession Impact on Market in Middle East & Africa
Table 83 Middle East & Africa: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
Table 84 Middle East & Africa: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by Voltage, 2021-2028 (USD Million)
Table 85 Middle East & Africa: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by High and Extra High Voltage, 2021-2028 (USD Million)
Table 86 Middle East & Africa: Switchgear Monitoring System Market, by Voltage, 2021-2028 (USD Million)
Table 87 Middle East & Africa: Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
Table 88 Middle East & Africa: Switchgear Monitoring System Market, by Service, 2021-2028 (USD Million)
Table 89 Middle East & Africa: Switchgear Monitoring System Market, Partial Discharge Monitoring, 2021-2028 (USD Million)
Table 90 Middle East & Africa: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
Table 91 Middle East & Africa: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
Table 92 Rest of Gcc Gcc Countries: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
11.5.2 Rest of GCC Countries
11.5.2.1 Saudi Arabia
11.5.2.1.1 Rising Initiatives to Generate Power Through Renewable Sources to Drive Market
Table 93 Saudi Arabia: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5.2.2 UAE
11.5.2.2.1 Growing Emphasis on Improving Onshore Power Grid to Accelerate Market Growth
Table 94 UAE: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5.2.3 Kuwait
11.5.2.3.1 Increasing Transition Toward Clean Energy to Boost Adoption of Switchgear Monitoring Systems
Table 95 Kuwait: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5.2.4 Rest of GCC Countries
Table 96 Rest of GCC Countries: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5.3 South Africa
11.5.3.1 Rising Focus on Modernizing Grid Infrastructure to Fuel Market Growth
Table 97 South Africa: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.5.4 Rest of Middle East & Africa
Table 98 Rest of Middle East & Africa: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.6 South America
11.6.1 Recession Impact on Market in South America
Table 99 South America: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
Table 100 South America: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by Voltage, 2021-2028 (USD Million)
Table 101 South America: Switchgear Monitoring System Market for Gas-Insulated Switchgear, by High and Extra High Voltage, 2021-2028 (USD Million)
Table 102 South America: Switchgear Monitoring System Market, by Voltage, 2021-2028 (USD Million)
Table 103 South America: Switchgear Monitoring System Market, by Component, 2021-2028 (USD Million)
Table 104 South America: Switchgear Monitoring System Market, by Service, 2021-2028 (USD Million)
Table 105 South America: Switchgear Monitoring System Market for Partial Discharge Monitoring, by Type, 2021-2028 (USD Million)
Table 106 South America: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
Table 107 South America: Switchgear Monitoring System Market, by Country, 2021-2028 (USD Million)
11.6.2 Brazil
11.6.2.1 Surging Power Demand and Need for Electrification to Propel Market
Table 108 Brazil: Switchgear Monitoring System Market, by Type, 2021-2028 (USD Million)
11.6.3 Argentina
11.6.3.1 Increasing Government Investments in Offshore Gas Production Projects to Drive Market
Table 109 Argentina: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)
11.6.4 Rest of South America
Table 110 Rest of South America: Switchgear Monitoring System Market, by End-user, 2021-2028 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Strategies Adopted by Major Players, 2022-2023
Table 111 Switchgear Monitoring System Market: Overview of Strategies Adopted by Key Players, 2022-2023
12.3 Market Share Analysis, 2022
Figure 44 Switchgear Monitoring System Market Share Analysis, 2022
Table 112 Switchgear Monitoring System Market Analysis, 2022
Figure 45 Market Share Analysis of Key Players, 2022
12.4 Revenue Analysis, 2018-2022
Figure 46 Switchgear Monitoring System Market: Revenue Analysis of Top Five Players
12.5 Company Evaluation Matrix, 2022
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 47 Switchgear Monitoring System Market: Company Evaluation Matrix, 2022
12.5.5 Company Footprint
Table 113 Company Voltage Footprint
Table 114 Company Type Footprint
Table 115 Company End-user Footprint
Table 116 Company Region Footprint
Table 117 Overall Company Footprint
12.6 Start-Ups/Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix, 2022
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 48 Start-Ups/SMEs Evaluation Matrix, 2022
12.6.5 Competitive Benchmarking
Table 118 Switchgear Monitoring System Market: List of Key Start-Ups/SMEs
Table 119 Switchgear Monitoring System Market: Competitive Benchmarking of Start-Ups
12.7 Competitive Scenarios and Trends
12.7.1 Product Launches
Table 120 Switchgear Monitoring System Market: Product Launches, 2023
12.7.2 Deals
Table 121 Switchgear Monitoring System Market: Deals, 2021-2023

13 Company Profiles
Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View
13.1 Key Players
13.1.1 Siemens Energy
Table 122 Siemens Energy: Company Overview
Figure 49 Siemens Energy: Company Snapshot
Table 123 Siemens Energy: Products/Solutions/Services Offered
Table 124 Siemens Energy: Deals
13.1.2 ABB
Table 125 ABB: Company Overview
Figure 50 ABB: Company Snapshot
Table 126 ABB: Products/Solutions/Services Offered
Table 127 ABB: Product Launches
13.1.3 Schneider Electric
Table 128 Schneider Electric: Company Overview
Figure 51 Schneider Electric: Company Snapshot
Table 129 Schneider Electric: Products/Solutions/Services Offered
Table 130 Schneider Electric: Product Launches
Table 131 Schneider Electric: Deals
13.1.4 Eaton
Table 132 Eaton: Company Overview
Figure 52 Eaton: Company Snapshot
Table 133 Eaton: Products/Solutions/Services Offered
Table 134 Eaton: Deals
13.1.5 General Electric
Table 135 General Electric: Company Overview
Figure 53 General Electric: Company Snapshot
Table 136 General Electric: Products/Solutions/Services Offered
Table 137 General Electric: Product Launches
13.1.6 Mitsubishi Electric Corporation
Table 138 Mitsubishi Electric Corporation: Company Overview
Figure 54 Mitsubishi Electric Corporation: Company Snapshot
Table 139 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
Table 140 Mitsubishi Electric Corporation: Deals
13.1.7 Emerson Electric Co.
Table 141 Emerson Electric Co.: Company Overview
Figure 55 Emerson Electric Co.: Company Snapshot
Table 142 Emerson Electric Co.: Products/Solutions/Services Offered
13.1.8 Koncar - Electrical Engineering Institute Ltd.
Table 143 Koncar - Electrical Engineering Institute Ltd.: Company Overview
Table 144 Koncar - Electrical Engineering Institute Ltd.: Products/Solutions/Services Offered
13.1.9 Pt. Tiara Vibrasindo Pratama
Table 145 Pt. Tiara Vibrasindo Pratama: Company Overview
Table 146 Pt. Tiara Vibrasindo Pratama: Products/Solutions/Services Offered
13.1.10 Senseor - Wika Group
Table 147 Senseor - Wika Group: Company Overview
Table 148 Senseor - Wika Group: Products/Solutions/Services Offered
13.1.11 Altanova Group
Table 149 Altanova Group: Company Overview
Table 150 Altanova Group: Products/Solutions/Services Offered
13.1.12 Dynamic Ratings
Table 151 Dynamic Ratings: Company Overview
Table 152 Dynamic Ratings: Products/Solutions/Services Offered
13.1.13 Osensa Innovations
Table 153 Osensa Innovations: Company Overview
Table 154 Osensa Innovations: Products/Solutions/Services Offered
13.1.14 Megger
Table 155 Megger: Company Overview
Table 156 Megger: Products/Solutions/Services Offered
13.1.15 Ipec Ltd.
Table 157 Ipec Ltd.: Company Overview
Table 158 Ipec Ltd.: Products/Solutions/Services Offered
13.2 Other Players
13.2.1 Monitra Ltd.
13.2.2 Rugged Monitoring
13.2.3 Pds
13.2.4 Doble Engineering Company
13.2.5 Nuventura GmbH
Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: Marketsandmarkets’ Subscription Portal
14.4 Customization Options

Companies Mentioned

  • ABB
  • Altanova Group
  • Doble Engineering Company
  • Dynamic Ratings
  • Eaton
  • Emerson Electric Co.
  • General Electric
  • Ipec Ltd.
  • Koncar - Electrical Engineering Institute Ltd.
  • Megger
  • Mitsubishi Electric Corporation
  • Monitra Ltd.
  • Nuventura GmbH
  • Osensa Innovations
  • Pds
  • Pt. Tiara Vibrasindo Pratama
  • Rugged Monitoring
  • Schneider Electric
  • Senseor - Wika Group
  • Siemens Energy

Table Information

Report AttributeDetails
No. of Pages202
PublishedDecember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 1.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 2.7 Billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal
No. of Companies Mentioned20

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About the Switchgear Monitoring System Market

Switchgear Monitoring System (SMS) is a type of electrical switch used to monitor and control the flow of electricity in a power system. It is typically used in industrial and commercial applications, such as power plants, substations, and factories. SMS is designed to detect and prevent faults in the power system, as well as to protect equipment from damage due to overloads or short circuits. It also helps to ensure the safe and efficient operation of the power system. SMS typically consists of a combination of circuit breakers, relays, and other components, which are connected to a central control system. This system is used to monitor the status of the power system, detect faults, and take corrective action. It can also be used to control the flow of electricity in the system, as well as to provide information about the system's performance. The SMS market is highly competitive, with a number of companies offering a range of products and services. Some of the major players in the market include ABB, Siemens, Schneider Electric, Eaton, and GE. These companies offer a wide range of products and services, including monitoring systems, control systems, and software solutions. Show Less Read more

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