Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2-36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2028
The global market for switchgear is on a trajectory to reach USD 119.9 billion by 2028, a notable increase from the estimated USD 93.1 billion in 2023, with a steady CAGR of 5.2% spanning the period from 2023 to 2028. The global renewable energy sector is experiencing a substantial surge, with annual additions to renewable power capacity expected to average around 305 GW per year between 2021 and 2026, marking a nearly 60% increase compared to the previous five years. This growth is propelled by continuous governmental support in more than 130 countries, aggressive net-zero goals declared by nations representing nearly 90% of global GDP, and enhanced competitiveness of wind and solar PV technologies.
Renewable capacity is anticipated to expand by over 1,800 GW, constituting approximately 95% of the global increase in total power capacity. China, leading the pack, contributes to 43% of global growth, followed closely by Europe, the US, and India, collectively accounting for 80% of renewable capacity expansion globally. In 2021, solar PV installation led the charge, accounting for over half of the global renewable energy expansion, followed by wind and hydropower.
“Outdoor segment, by installation, to be fastest growing market from 2023 to 2028.”
The demand for outdoor switchgears is driven by their critical role in enhancing the transfer of electricity over long distances and larger loads (more than 66kV), ensuring reliable switching operations. These switchgears are vital components of medium and high-voltage distribution grids, primarily installed outdoors. The transmission and sub-transmission sector, with its requirement for high-load, long-distance transmission, stands as a significant consumer of outdoor switchgears. As electrification increases and the need for efficient long-distance power transmission grows, the outdoor switchgear market continues to expand.
“Low voltage segment, by voltage, to be the second-largest market from 2023 to 2028.”
Switchgears rated up to 1 kV, known as low-voltage switchgears, are extensively employed in commercial and residential settings. Major components of these switchgears include MCBs (Miniature Circuit Breakers), MCCBs (Molded Case Circuit Breakers), load break switches, safety switches, disconnectors, fuses, and low-voltage air circuit breakers. Positioned on the secondary side of a distribution transformer, this arrangement is often referred to as a substation. These switchgears are typically metal-enclosed and serve as three-phase power distribution products designed to supply electric power safely and efficiently at voltages up to 1,000 volts and currents up to 6,000 amperes.
“Europe to be second-largest region in switchgear market.”
In 2022, Europe secured the second-largest position in the switchgear market, holding a share of 22.6% with a market valuation of USD 20.39 billion. The European switchgear market is dissected by country, including the UK, Germany, France, Italy, and the Rest of Europe.
On July 14, 2021, the European Commission (EU) unveiled the initial segment of its 'Fit for 55' initiative, targeting a 55% reduction in the EU's carbon emissions by 2030 compared to 1990 levels. This ambitious plan, aligned with achieving climate neutrality by 2050, emphasizes increased energy consumption from renewable sources. Given the maturity of European power generation, transmission, and distribution systems, the EU is directing efforts toward modernizing aging infrastructure, integrating solar and wind power, and establishing interconnections to facilitate more efficient power and energy trading. This transition necessitates a shift from electromechanical to digital switchgear, potentially driving up demand for switchgears.
Breakdown of Primaries:
In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:
By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
By Designation: C-Level-30%, D-Level-20%, and Others-50%
By Region: North America–18%, Europe–8%, Asia Pacific–10%, South America–4% and
Middle East & Africa–60%.
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The switchgear market is predominantly governed by well-established global leaders. Notable players in the switchgear market include ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Hitachi (Japan), CG Power and Industrial Solutions (India), Fuji Electric (Japan), Powell Industries (US), Hyundai Electric & Energy Systems (South Korea), Toshiba (Japan), and several others.
Research Coverage:
The report provides a comprehensive definition, description, and forecast of the switchgear market based on various parameters, including Insulation (Air Insulated, Gas Insulated, Others), Installation (Indoor, Outdoor), Voltage Rating (Low, Medium, High), Current (AC,DC), End-User (Transmission & Distribution Utilities, Industries, Commercial & Residential, Others), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the switchgear market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the switchgear market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the switchgear market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the switchgear industry.
Renewable capacity is anticipated to expand by over 1,800 GW, constituting approximately 95% of the global increase in total power capacity. China, leading the pack, contributes to 43% of global growth, followed closely by Europe, the US, and India, collectively accounting for 80% of renewable capacity expansion globally. In 2021, solar PV installation led the charge, accounting for over half of the global renewable energy expansion, followed by wind and hydropower.
“Outdoor segment, by installation, to be fastest growing market from 2023 to 2028.”
The demand for outdoor switchgears is driven by their critical role in enhancing the transfer of electricity over long distances and larger loads (more than 66kV), ensuring reliable switching operations. These switchgears are vital components of medium and high-voltage distribution grids, primarily installed outdoors. The transmission and sub-transmission sector, with its requirement for high-load, long-distance transmission, stands as a significant consumer of outdoor switchgears. As electrification increases and the need for efficient long-distance power transmission grows, the outdoor switchgear market continues to expand.
“Low voltage segment, by voltage, to be the second-largest market from 2023 to 2028.”
Switchgears rated up to 1 kV, known as low-voltage switchgears, are extensively employed in commercial and residential settings. Major components of these switchgears include MCBs (Miniature Circuit Breakers), MCCBs (Molded Case Circuit Breakers), load break switches, safety switches, disconnectors, fuses, and low-voltage air circuit breakers. Positioned on the secondary side of a distribution transformer, this arrangement is often referred to as a substation. These switchgears are typically metal-enclosed and serve as three-phase power distribution products designed to supply electric power safely and efficiently at voltages up to 1,000 volts and currents up to 6,000 amperes.
“Europe to be second-largest region in switchgear market.”
In 2022, Europe secured the second-largest position in the switchgear market, holding a share of 22.6% with a market valuation of USD 20.39 billion. The European switchgear market is dissected by country, including the UK, Germany, France, Italy, and the Rest of Europe.
On July 14, 2021, the European Commission (EU) unveiled the initial segment of its 'Fit for 55' initiative, targeting a 55% reduction in the EU's carbon emissions by 2030 compared to 1990 levels. This ambitious plan, aligned with achieving climate neutrality by 2050, emphasizes increased energy consumption from renewable sources. Given the maturity of European power generation, transmission, and distribution systems, the EU is directing efforts toward modernizing aging infrastructure, integrating solar and wind power, and establishing interconnections to facilitate more efficient power and energy trading. This transition necessitates a shift from electromechanical to digital switchgear, potentially driving up demand for switchgears.
Breakdown of Primaries:
In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:
By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
By Designation: C-Level-30%, D-Level-20%, and Others-50%
By Region: North America–18%, Europe–8%, Asia Pacific–10%, South America–4% and
Middle East & Africa–60%.
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The switchgear market is predominantly governed by well-established global leaders. Notable players in the switchgear market include ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Hitachi (Japan), CG Power and Industrial Solutions (India), Fuji Electric (Japan), Powell Industries (US), Hyundai Electric & Energy Systems (South Korea), Toshiba (Japan), and several others.
Research Coverage:
The report provides a comprehensive definition, description, and forecast of the switchgear market based on various parameters, including Insulation (Air Insulated, Gas Insulated, Others), Installation (Indoor, Outdoor), Voltage Rating (Low, Medium, High), Current (AC,DC), End-User (Transmission & Distribution Utilities, Industries, Commercial & Residential, Others), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the switchgear market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the switchgear market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the switchgear market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the switchgear industry.
- Analysis of key drivers: (Development of power distribution infrastructure to drive the switchgear market, Rapid growth in renewable energy-based capacity expansion to boost the switchgear market, Rising investment in industrial production is likely to propel the switchgear market), restraints (Regulatory restrictions on SF6 gas emissions, Downturn in the residential property market), opportunities (Advancements in smart technologies and digital transformation, Increasing adoption of high-voltage direct current systems), and challenges (Operational challenges such as high temperature, arc flashing and over pressure, Intense competition from the unorganized sector) influencing the growth of the switchgear market.
- Product Development/ Innovation: The switchgear market is in a constant state of evolution, with a primary focus on product development and innovation. Leading industry players like ABB, Siemens, Schneider Electric, and General Electric are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. There is a notable shift towards enhancing the intelligence of switchgear.
- Market Development: The switchgear market is experiencing significant growth and development driven by various factors. SF6 is an incredibly potent greenhouse gas, with a global warming effect 23,500 times more powerful than CO2. Its annual CO2 emissions are equivalent to those produced by about 100 million cars in a year. Moreover, as a synthetic gas with no natural degradation process, its accumulation in the atmosphere is likely irreversible. SF6 is extensively used in the energy industry due to its excellent electrical properties, with 80% of its production employed as an insulating medium in gas-insulated switchgear (GIS) within the electrical sector.
- Market Diversification: The switchgear market is experiencing significant diversification, driven by a multitude of factors. Rising investment in industrial production is likely to propel the switchgear market. The COVID-19 pandemic caused disruptions in industrial production, with many projects and expansions postponed. As pandemic restrictions ease globally, industrial production is gradually recovering. The International Monetary Fund reported a 3.1% global GDP decline in 2022. According to the United Nations Industrial Development Organization (UNIDO), global industrial production grew by 3.3% in 2022, driven by emerging APAC industries like India and China. For example, Madhya Pradesh, India, approved plans for five new industrial areas in April 2022 to boost industrial production. In the same month, Malaysia and China signed 100 memorandums of understanding to enhance collaboration and expand industrial parks, indicating numerous industrial projects are underway. This situation bodes well for switchgear, essential for power safety and regulation in industrial settings.
- Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the switchgear market. These prominent companies include Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the switchgear segment.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 SWITCHGEAR MARKET, BY INSULATION
1.3.2 SWITCHGEAR MARKET, BY INSTALLATION
1.3.3 SWITCHGEAR MARKET, BY VOLTAGE
1.3.4 SWITCHGEAR MARKET, BY CURRENT
1.3.5 SWITCHGEAR MARKET, BY END USER
1.3.6 SWITCHGEAR MARKET, BY REGION
1.4 MARKETS COVERED
1.4.1 SWITCHGEAR MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
1.10 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SWITCHGEAR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND 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 Breakdown of primaries
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 5 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SWITCHGEARS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional analysis
2.3.3.2 Country-level analysis
2.3.3.3 Demand-side assumptions
2.3.3.4 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SWITCHGEARS
FIGURE 9 SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side calculations
2.3.4.2 Supply-side assumptions
2.3.5 FORECAST
2.4 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
TABLE 1 SWITCHGEAR MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED SWITCHGEAR MARKET IN 2022
FIGURE 11 AIR-INSULATED SWITCHGEARS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BETWEEN 2023 AND 2028
FIGURE 12 INDOOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 2028
FIGURE 13 HIGH (ABOVE 36 KV) SEGMENT TO DOMINATE SWITCHGEAR MARKET FROM 2023 TO 2028
FIGURE 14 AC SEGMENT TO COMMAND LARGER MARKET SHARE MARKET FROM 2023 TO 2028
FIGURE 15 TRANSMISSION & DISTRIBUTION UTILITIES SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWITCHGEAR MARKET
FIGURE 16 ENHANCEMENT OF POWER DISTRIBUTION INFRASTRUCTURE WORLDWIDE TO PROPEL MARKET FROM 2023 TO 2028
4.2 SWITCHGEAR MARKET, BY REGION
FIGURE 17 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER AND COUNTRY, 2022
FIGURE 18 TRANSMISSION & DISTRIBUTION UTILITIES AND CHINA HELD LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2022
4.4 SWITCHGEAR MARKET, BY INSULATION
FIGURE 19 AIR-INSULATED SWITCHGEARS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.5 SWITCHGEAR MARKET, BY INSTALLATION
FIGURE 20 INDOOR SEGMENT TO DOMINATE MARKET IN 2028
4.6 SWITCHGEAR MARKET, BY VOLTAGE
FIGURE 21 HIGH (ABOVE 36 KV) SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
4.7 SWITCHGEAR MARKET, BY CURRENT
FIGURE 22 AC SEGMENT TO LEAD MARKET IN 2028
4.8 SWITCHGEAR MARKET, BY END USER
FIGURE 23 TRANSMISSION & DISTRIBUTION UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Modernization of power distribution infrastructure worldwide
5.2.1.2 Rapid growth in renewable energy-based capacity expansion
FIGURE 25 GLOBAL INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2022
5.2.1.3 Rising investments in industrial production
FIGURE 26 GLOBAL GDP GROWTH, 2010–2022
5.2.2 RESTRAINTS
5.2.2.1 Regulatory restrictions on SF6 gas emissions
TABLE 2 GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON)
5.2.2.2 Downturn in residential property market
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in smart technologies and digital transformation
5.2.3.2 Increasing adoption of high-voltage direct current (HVDC) systems
5.2.4 CHALLENGES
5.2.4.1 Operational challenges associated with switchgears
5.2.4.2 Intense competition from unorganized sector
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
FIGURE 27 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 INDICATIVE PRICING ANALYSIS, BY VOLTAGE
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
5.5 VALUE CHAIN ANALYSIS
FIGURE 28 SWITCHGEAR MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 SWITCHGEAR MANUFACTURERS/ASSEMBLERS
5.5.4 DISTRIBUTORS
5.5.5 END USERS
5.5.6 POST-SALES SERVICE PROVIDERS
5.6 ECOSYSTEM/MARKET MAP
FIGURE 29 SWITCHGEAR MARKET: MARKET MAP
TABLE 3 SWITCHGEAR MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 IOT-CONNECTED SWITCHGEARS
5.7.2 SF6-FREE SWITCHGEARS
5.8 PATENT ANALYSIS
FIGURE 30 SWITCHGEAR MARKET: PATENTS GRANTED AND APPLIED, 2012–2022
TABLE 4 LIST OF MAJOR PATENTS PERTAINING TO SWITCHGEAR MARKET, MAY 2018–DECEMBER 2022
5.9 TRADE ANALYSIS
5.9.1 TRADE ANALYSIS FOR HS CODE 853590
5.9.2 IMPORT SCENARIO
TABLE 5 IMPORT SCENARIO FOR HS CODE 853590, BY COUNTRY, 2020–2022 (USD THOUSAND )
FIGURE 31 IMPORT DATA FOR HS CODE 853590, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.3 EXPORT SCENARIO
TABLE 6 EXPORT SCENARIO FOR HS CODE 853590, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 32 EXPORT DATA FOR HS CODE 853590, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.4 TRADE ANALYSIS FOR HS CODE 853690
5.9.5 IMPORT SCENARIO
TABLE 7 IMPORT SCENARIO FOR HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 33 IMPORT DATA FOR HS CODE 853690, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.6 EXPORT SCENARIO
TABLE 8 EXPORT SCENARIO FOR HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 34 EXPORT DATA FOR HS CODE 853690, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.10 KEY CONFERENCES & EVENTS, 2023–2024
TABLE 9 SWITCHGEAR MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.11 TARIFFS AND REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.2 REGULATORY FRAMEWORK
TABLE 14 SWITCHGEAR: CODES AND REGULATIONS
5.11.2.1 Tariffs related to switchgears
TABLE 15 IMPORT TARIFFS FOR HS CODE 8536-COMPLIANT PRODUCTS, 2022
TABLE 16 IMPORT TARIFFS FOR HS CODE 8535-COMPLIANT PRODUCTS, 2022
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 17 SWITCHGEAR MARKET: IMPACT OF PORTER’S FIVE FORCES
5.12.1 THREAT OF SUBSTITUTES
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF NEW ENTRANTS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 CASE STUDY ANALYSIS
5.13.1 MUNICIPAL UTILITY ENHANCED DISTRIBUTION SYSTEM’S SAFETY AND RELIABILITY BY ADOPTING ELASTIMOLD SOLID-DIELECTRIC SWITCHGEAR
5.13.1.1 Problem statement: April 2022
5.13.1.2 Solution
5.13.2 BECKENRIED MUNICIPAL UTILITY ENHANCED SERVICES BY UPGRADING TO EATON SF6-FREE XIRIA E-SWITCHGEAR SYSTEM
5.13.2.1 Problem statement: April 2022
5.13.2.2 Solution
5.13.3 ABB CUSTOMIZED RETROFIT SWITCHGEAR FOR GREYSTONE POWER CORPORATION
5.13.3.1 Problem statement: April 2021
5.13.3.2 Solution
5.13.4 GAASPERDAMMER TUNNEL PROJECT ACHIEVED SUSTAINABILITY THROUGH IMPLEMENTATION OF SWITCHGEARS
5.13.4.1 Problem statement: April 2021
5.13.4.2 Solution
5.14 KEY STAKEHOLDERS & BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 18 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
5.14.2 BUYING CRITERIA
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 19 KEY BUYING CRITERIA FOR TOP THREE END USERS
6 SWITCHGEAR MARKET, BY INSULATION
6.1 INTRODUCTION
FIGURE 38 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY INSULATION, 2022
TABLE 20 SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 21 SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
6.2 AIR-INSULATED SWITCHGEARS
6.2.1 EXPANSION OF GLOBAL GRID INFRASTRUCTURE TO BOOST DEMAND FOR AIR-INSULATED SWITCHGEARS
TABLE 22 AIR-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 23 AIR-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
6.3 GAS-INSULATED SWITCHGEARS
6.3.1 LOW MAINTENANCE NEEDS TO BOOST ADOPTION OF GAS-INSULATED SWITCHGEARS
TABLE 24 GAS-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 25 GAS-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
6.4 OTHER INSULATION TYPES
TABLE 26 OTHER INSULATION TYPES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 27 OTHER INSULATION TYPES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
7 SWITCHGEAR MARKET, BY INSTALLATION
7.1 INTRODUCTION
FIGURE 39 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY INSTALLATION, 2022
TABLE 28 SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 29 SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
7.2 INDOOR
7.2.1 RISING INVESTMENTS IN RENEWABLE ENERGY TO PROPEL DEMAND FOR INDOOR SWITCHGEARS
TABLE 30 INDOOR: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 31 INDOOR: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
7.3 OUTDOOR
7.3.1 INCREASING LONG-DISTANCE POWER TRANSMISSION TO FUEL DEMAND FOR OUTDOOR SWITCHGEARS
TABLE 32 OUTDOOR: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 33 OUTDOOR: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8 SWITCHGEAR MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 40 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY VOLTAGE, 2022
TABLE 34 SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 35 SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
8.2 LOW (UP TO 1 KV)
8.2.1 GROWING USE OF ELECTRICAL DEVICES AND MACHINERY ACROSS INDUSTRIES TO DRIVE DEMAND FOR LOW-VOLTAGE SWITCHGEARS
TABLE 36 LOW: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 37 LOW: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8.3 MEDIUM (2–36 KV)
8.3.1 WIDESPREAD USE OF MEDIUM-VOLTAGE SWITCHGEARS IN PROCESS INDUSTRIES TO DRIVE SEGMENTAL LANDSCAPE
TABLE 38 MEDIUM: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 39 MEDIUM: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8.4 HIGH (ABOVE 36 KV)
8.4.1 RISE IN ELECTRIFICATION AND RENEWABLE INTEGRATION TO FUEL DEMAND FOR HIGH-VOLTAGE SWITCHGEARS
TABLE 40 HIGH: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 41 HIGH: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
9 SWITCHGEAR MARKET, BY CURRENT
9.1 INTRODUCTION
FIGURE 41 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY CURRENT, 2022
TABLE 42 SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 43 SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
9.2 AC
9.2.1 GROWING ELECTRIFICATION OF REMOTE AREAS TO PROPEL DEMAND FOR AC SWITCHGEARS
TABLE 44 AC: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 45 AC: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
9.3 DC
9.3.1 RISING INVESTMENTS IN RENEWABLE ENERGY GENERATION TO INDUCE DEMAND FOR DC SWITCHGEARS
TABLE 46 DC: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 47 DC SWITCHGEARS MARKET, BY REGION, 2023–2028 (USD BILLION)
10 SWITCHGEAR MARKET, BY END USER
10.1 INTRODUCTION
FIGURE 42 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY END USER, 2022
TABLE 48 SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 49 SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
10.2 TRANSMISSION & DISTRIBUTION UTILITIES
10.2.1 WORLDWIDE ELECTRIFICATION INITIATIVES TO BOOST ADOPTION OF SWITCHGEARS AMONG TRANSMISSION AND DISTRIBUTION UTILITIES
TABLE 50 TRANSMISSION & DISTRIBUTION UTILITIES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 51 TRANSMISSION & DISTRIBUTION UTILITIES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.3 INDUSTRIES
10.3.1 RAPID INDUSTRIALIZATION IN DEVELOPING ECONOMIES TO SUPPORT SEGMENTAL GROWTH
TABLE 52 INDUSTRIES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 53 INDUSTRIES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.4 COMMERCIAL & RESIDENTIAL USERS
10.4.1 GROWING RESIDENTIAL AND COMMERCIAL CONSTRUCTIONS TO DRIVE SEGMENTAL LANDSCAPE
TABLE 54 COMMERCIAL & RESIDENTIAL USERS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 55 COMMERCIAL & RESIDENTIAL USERS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.5 OTHER END USERS
TABLE 56 OTHER END USERS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 57 OTHER END USERS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
11 SWITCHGEAR MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2022
FIGURE 44 ASIA PACIFIC SWITCHGEAR MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 58 SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 59 SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
TABLE 60 SWITCHGEAR MARKET, BY VOLUME, 2020–2022 (UNITS)
TABLE 61 SWITCHGEAR MARKET, BY VOLUME, 2023–2028 (UNITS)
11.2 ASIA PACIFIC
11.2.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 45 ASIA PACIFIC: SWITCHGEAR MARKET SNAPSHOT
11.2.2 BY INSULATION
TABLE 62 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 63 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.2.3 BY INSTALLATION
TABLE 64 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 65 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.2.4 BY VOLTAGE
TABLE 66 ASIA PACIFIC: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 67 ASIA PACIFIC: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.2.5 BY CURRENT
TABLE 68 ASIA PACIFIC: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 69 ASIA PACIFIC: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.2.6 BY END USER
TABLE 70 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 71 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7 BY COUNTRY
TABLE 72 ASIA PACIFIC: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 73 ASIA PACIFIC: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.2.7.1 China
11.2.7.1.1 Rising investments in clean power generation to propel market
TABLE 74 CHINA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 75 CHINA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.2 India
11.2.7.2.1 Increasing electrification of remote areas to stimulate demand for switchgears
TABLE 76 INDIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 77 INDIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.3 Japan
11.2.7.3.1 Ongoing upgrades of aged infrastructure to create demand for switchgears
TABLE 78 JAPAN: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 79 JAPAN: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.4 Australia
11.2.7.4.1 Railway electrification initiatives to propel need for switchgears
TABLE 80 AUSTRALIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 81 AUSTRALIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.5 Rest of Asia Pacific
TABLE 82 REST OF ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 83 REST OF ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3 EUROPE
11.3.1 EUROPE: RECESSION IMPACT
FIGURE 46 EUROPE: SWITCHGEAR MARKET SNAPSHOT
11.3.2 BY INSULATION
TABLE 84 EUROPE: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 85 EUROPE: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.3.3 BY INSTALLATION
TABLE 86 EUROPE: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 87 EUROPE: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.3.4 BY VOLTAGE
TABLE 88 EUROPE: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 89 EUROPE: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.3.5 BY CURRENT
TABLE 90 EUROPE: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 91 EUROPE: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.3.6 BY END USER
TABLE 92 EUROPE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 93 EUROPE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7 BY COUNTRY
TABLE 94 EUROPE: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 95 EUROPE: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.3.7.1 Germany
11.3.7.1.1 Increasing emphasis on enhancing energy efficiency and expanding grid infrastructure to drive market
TABLE 96 GERMANY: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 97 GERMANY: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.2 UK
11.3.7.2.1 Increasing renewable integration to foster market growth
TABLE 98 UK: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 99 UK: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.3 Italy
11.3.7.3.1 Expansion of grid interconnections to fuel demand for switchgears
TABLE 100 ITALY: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 101 ITALY: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.4 France
11.3.7.4.1 Rising emphasis on expanding renewable energy capacity to create opportunities for market players
TABLE 102 FRANCE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 103 FRANCE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.5 Rest of Europe
TABLE 104 REST OF EUROPE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 105 REST OF EUROPE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4 NORTH AMERICA
11.4.1 BY INSULATION
TABLE 106 NORTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 107 NORTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.4.2 BY INSTALLATION
TABLE 108 NORTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 109 NORTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.4.3 BY VOLTAGE
TABLE 110 NORTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 111 NORTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.4.4 BY CURRENT
TABLE 112 NORTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 113 NORTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.4.5 BY END USER
TABLE 114 NORTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 115 NORTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6 BY COUNTRY
TABLE 116 NORTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 117 NORTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.4.6.1 US
11.4.6.1.1 Development of power infrastructure to drive market
TABLE 118 US: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 119 US: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6.2 Canada
11.4.6.2.1 Increasing low-emission power generation and investments in renewables to contribute to market growth
TABLE 120 CANADA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 121 CANADA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6.3 Mexico
11.4.6.3.1 Rising investments in electric power infrastructure development to foster market growth
TABLE 122 MEXICO: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 123 MEXICO: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5 MIDDLE EAST & AFRICA
11.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
11.5.2 BY INSULATION
TABLE 124 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 125 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.5.3 BY INSTALLATION
TABLE 126 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 127 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.5.4 BY VOLTAGE
TABLE 128 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 129 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.5.5 BY CURRENT
TABLE 130 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 131 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.5.6 BY END USER
TABLE 132 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 133 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7 BY COUNTRY
TABLE 134 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 135 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.5.7.1 Gulf Cooperation Council (GCC) countries
11.5.7.1.1 Saudi Arabia
11.5.7.1.1.1 Increasing power generation from renewables to accelerate market growth
TABLE 136 SAUDI ARABIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 137 SAUDI ARABIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.1.2 UAE
11.5.7.1.2.1 Increasing power demand to create lucrative opportunities for market players
TABLE 138 UAE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 139 UAE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.1.3 Rest of GCC countries
TABLE 140 REST OF GCC COUNTRIES: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 141 REST OF GCC COUNTRIES: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.2 Egypt
11.5.7.2.1 Investments in development of power generation infrastructure to augment market growth
TABLE 142 EGYPT: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 143 EGYPT: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.3 South Africa
11.5.7.3.1 Initiation of wind power development projects to favor market growth
TABLE 144 SOUTH AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 145 SOUTH AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.4 Rest of Middle East & Africa
TABLE 146 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 147 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6 SOUTH AMERICA
11.6.1 SOUTH AMERICA: RECESSION IMPACT
11.6.2 BY INSULATION
TABLE 148 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 149 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.6.3 BY INSTALLATION
TABLE 150 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 151 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.6.4 BY VOLTAGE
TABLE 152 SOUTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 153 SOUTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.6.5 BY CURRENT
TABLE 154 SOUTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 155 SOUTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.6.6 BY END USER
TABLE 156 SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 157 SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7 BY COUNTRY
TABLE 158 SOUTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 159 SOUTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.6.7.1 Brazil
11.6.7.1.1 Increasing number of electrification projects to drive demand for switchgears
TABLE 160 BRAZIL: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 161 BRAZIL: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7.2 Argentina
11.6.7.2.1 Government initiatives promoting utilization of renewable energy to support market growth
TABLE 162 ARGENTINA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 163 ARGENTINA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7.3 Rest of South America
TABLE 164 REST OF SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)S
TABLE 165 REST OF SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 166 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, APRIL 2019–MARCH 2023
12.3 MARKET SHARE ANALYSIS
TABLE 167 SWITCHGEAR MARKET: DEGREE OF COMPETITION
FIGURE 47 SWITCHGEAR MARKET SHARE ANALYSIS, 2022
12.4 REVENUE ANALYSIS
FIGURE 48 REVENUE ANALYSIS OF KEY PLAYERS IN SWITCHGEAR MARKET, 2018–2022
12.5 MARKET EVALUATION FRAMEWORK
TABLE 168 MARKET EVALUATION FRAMEWORK, 2018–2022
12.6 COMPANY EVALUATION MATRIX
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 49 COMPANY EVALUATION MATRIX, 2022
12.6.5 COMPANY FOOTPRINT
TABLE 169 COMPANY FOOTPRINT, BY VOLTAGE
TABLE 170 COMPANY FOOTPRINT, BY END USER
TABLE 171 COMPANY FOOTPRINT, BY REGION
TABLE 172 OVERALL COMPANY FOOTPRINT
12.7 START-UP/SME EVALUATION MATRIX
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 50 START-UP/SME EVALUATION MATRIX, 2022
12.7.5 COMPETITIVE BENCHMARKING
TABLE 173 SWITCHGEAR MARKET: LIST OF KEY START-UPS/SMES
TABLE 174 SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
12.8 COMPETITIVE SCENARIOS AND TRENDS
TABLE 175 SWITCHGEAR MARKET: PRODUCT LAUNCHES
TABLE 176 SWITCHGEAR MARKET: DEALS
TABLE 177 SWITCHGEAR MARKET: OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
13.1.1 ABB
TABLE 178 ABB: COMPANY OVERVIEW
FIGURE 51 ABB: COMPANY SNAPSHOT, 2022
TABLE 179 ABB: PRODUCTS OFFERED
TABLE 180 ABB: DEALS
TABLE 181 ABB: OTHERS
13.1.2 GENERAL ELECTRIC
TABLE 182 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 52 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2022
TABLE 183 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 184 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 185 GENERAL ELECTRIC: DEALS
TABLE 186 GENERAL ELECTRIC: OTHERS
13.1.3 SIEMENS
TABLE 187 SIEMENS: COMPANY OVERVIEW
FIGURE 53 SIEMENS: COMPANY SNAPSHOT, 2022
TABLE 188 SIEMENS: PRODUCTS OFFERED
TABLE 189 SIEMENS: PRODUCT LAUNCHES
TABLE 190 SIEMENS: DEALS
TABLE 191 SIEMENS: OTHERS
13.1.4 SCHNEIDER ELECTRIC
TABLE 192 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2022
TABLE 193 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 194 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
TABLE 195 SCHNEIDER ELECTRIC: OTHERS
13.1.5 EATON
TABLE 196 EATON: COMPANY OVERVIEW
FIGURE 55 EATON: COMPANY SNAPSHOT, 2022
TABLE 197 EATON: PRODUCTS OFFERED
TABLE 198 EATON: PRODUCT LAUNCHES
TABLE 199 EATON: DEALS
TABLE 200 EATON: OTHERS
13.1.6 MITSUBISHI ELECTRIC CORPORATION
TABLE 201 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 56 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT, 2022
TABLE 202 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 203 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
TABLE 204 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.1.7 POWELL INDUSTRIES
TABLE 205 POWELL INDUSTRIES: COMPANY OVERVIEW
FIGURE 57 POWELL INDUSTRIES: COMPANY SNAPSHOT, 2022
TABLE 206 POWELL INDUSTRIES: PRODUCTS OFFERED
13.1.8 HAVELLS INDIA LTD.
TABLE 207 HAVELLS INDIA LTD.: COMPANY OVERVIEW
FIGURE 58 HAVELLS INDIA LTD.: COMPANY SNAPSHOT, 2022
TABLE 208 HAVELLS INDIA LTD.: PRODUCTS OFFERED
TABLE 209 HAVELLS INDIA LTD.: PRODUCT LAUNCHES
13.1.9 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
TABLE 210 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
FIGURE 59 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT, 2022
TABLE 211 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS OFFERED
13.1.10 HD HYUNDAI ELECTRIC CO., LTD
TABLE 212 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 60 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT, 2022
TABLE 213 HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS OFFERED
13.1.11 HUBBELL
TABLE 214 HUBBELL: COMPANY OVERVIEW
FIGURE 61 HUBBELL: COMPANY SNAPSHOT, 2022
TABLE 215 HUBBELL: PRODUCTS OFFERED
13.1.12 FUJI ELECTRIC CO., LTD.
TABLE 216 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 62 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT, 2022
TABLE 217 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED
TABLE 218 FUJI ELECTRIC CO., LTD.: DEALS
TABLE 219 FUJI ELECTRIC CO., LTD.: OTHERS
13.1.13 HITACHI, LTD.
TABLE 220 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 63 HITACHI, LTD.: COMPANY SNAPSHOT, 2022
TABLE 221 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 222 HITACHI, LTD.: PRODUCT LAUNCHES
TABLE 223 HITACHI, LTD.: DEALS
TABLE 224 HITACHI, LTD.: OTHERS
13.1.14 LEGRAND
TABLE 225 LEGRAND: COMPANY OVERVIEW
FIGURE 64 LEGRAND: COMPANY SNAPSHOT, 2022
TABLE 226 LEGRAND: PRODUCTS OFFERED
13.1.15 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.
TABLE 227 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: COMPANY OVERVIEW
FIGURE 65 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: COMPANY SNAPSHOT, 2022
TABLE 228 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: PRODUCTS OFFERED
13.2 OTHER PLAYERS
13.2.1 HYOSUNG CORPORATION
13.2.2 LUCY GROUP LTD.
13.2.3 TOSHIBA CORPORATION
13.2.4 SЙCHERON
13.2.5 ELEKTROBUDOWA
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* 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
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 SWITCHGEAR MARKET, BY INSULATION
1.3.2 SWITCHGEAR MARKET, BY INSTALLATION
1.3.3 SWITCHGEAR MARKET, BY VOLTAGE
1.3.4 SWITCHGEAR MARKET, BY CURRENT
1.3.5 SWITCHGEAR MARKET, BY END USER
1.3.6 SWITCHGEAR MARKET, BY REGION
1.4 MARKETS COVERED
1.4.1 SWITCHGEAR MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
1.10 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SWITCHGEAR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND 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 Breakdown of primaries
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 5 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SWITCHGEARS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional analysis
2.3.3.2 Country-level analysis
2.3.3.3 Demand-side assumptions
2.3.3.4 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SWITCHGEARS
FIGURE 9 SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side calculations
2.3.4.2 Supply-side assumptions
2.3.5 FORECAST
2.4 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
TABLE 1 SWITCHGEAR MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED SWITCHGEAR MARKET IN 2022
FIGURE 11 AIR-INSULATED SWITCHGEARS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BETWEEN 2023 AND 2028
FIGURE 12 INDOOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 2028
FIGURE 13 HIGH (ABOVE 36 KV) SEGMENT TO DOMINATE SWITCHGEAR MARKET FROM 2023 TO 2028
FIGURE 14 AC SEGMENT TO COMMAND LARGER MARKET SHARE MARKET FROM 2023 TO 2028
FIGURE 15 TRANSMISSION & DISTRIBUTION UTILITIES SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWITCHGEAR MARKET
FIGURE 16 ENHANCEMENT OF POWER DISTRIBUTION INFRASTRUCTURE WORLDWIDE TO PROPEL MARKET FROM 2023 TO 2028
4.2 SWITCHGEAR MARKET, BY REGION
FIGURE 17 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER AND COUNTRY, 2022
FIGURE 18 TRANSMISSION & DISTRIBUTION UTILITIES AND CHINA HELD LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2022
4.4 SWITCHGEAR MARKET, BY INSULATION
FIGURE 19 AIR-INSULATED SWITCHGEARS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.5 SWITCHGEAR MARKET, BY INSTALLATION
FIGURE 20 INDOOR SEGMENT TO DOMINATE MARKET IN 2028
4.6 SWITCHGEAR MARKET, BY VOLTAGE
FIGURE 21 HIGH (ABOVE 36 KV) SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
4.7 SWITCHGEAR MARKET, BY CURRENT
FIGURE 22 AC SEGMENT TO LEAD MARKET IN 2028
4.8 SWITCHGEAR MARKET, BY END USER
FIGURE 23 TRANSMISSION & DISTRIBUTION UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Modernization of power distribution infrastructure worldwide
5.2.1.2 Rapid growth in renewable energy-based capacity expansion
FIGURE 25 GLOBAL INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2022
5.2.1.3 Rising investments in industrial production
FIGURE 26 GLOBAL GDP GROWTH, 2010–2022
5.2.2 RESTRAINTS
5.2.2.1 Regulatory restrictions on SF6 gas emissions
TABLE 2 GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON)
5.2.2.2 Downturn in residential property market
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in smart technologies and digital transformation
5.2.3.2 Increasing adoption of high-voltage direct current (HVDC) systems
5.2.4 CHALLENGES
5.2.4.1 Operational challenges associated with switchgears
5.2.4.2 Intense competition from unorganized sector
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
FIGURE 27 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 INDICATIVE PRICING ANALYSIS, BY VOLTAGE
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
5.5 VALUE CHAIN ANALYSIS
FIGURE 28 SWITCHGEAR MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 SWITCHGEAR MANUFACTURERS/ASSEMBLERS
5.5.4 DISTRIBUTORS
5.5.5 END USERS
5.5.6 POST-SALES SERVICE PROVIDERS
5.6 ECOSYSTEM/MARKET MAP
FIGURE 29 SWITCHGEAR MARKET: MARKET MAP
TABLE 3 SWITCHGEAR MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 IOT-CONNECTED SWITCHGEARS
5.7.2 SF6-FREE SWITCHGEARS
5.8 PATENT ANALYSIS
FIGURE 30 SWITCHGEAR MARKET: PATENTS GRANTED AND APPLIED, 2012–2022
TABLE 4 LIST OF MAJOR PATENTS PERTAINING TO SWITCHGEAR MARKET, MAY 2018–DECEMBER 2022
5.9 TRADE ANALYSIS
5.9.1 TRADE ANALYSIS FOR HS CODE 853590
5.9.2 IMPORT SCENARIO
TABLE 5 IMPORT SCENARIO FOR HS CODE 853590, BY COUNTRY, 2020–2022 (USD THOUSAND )
FIGURE 31 IMPORT DATA FOR HS CODE 853590, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.3 EXPORT SCENARIO
TABLE 6 EXPORT SCENARIO FOR HS CODE 853590, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 32 EXPORT DATA FOR HS CODE 853590, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.4 TRADE ANALYSIS FOR HS CODE 853690
5.9.5 IMPORT SCENARIO
TABLE 7 IMPORT SCENARIO FOR HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 33 IMPORT DATA FOR HS CODE 853690, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.9.6 EXPORT SCENARIO
TABLE 8 EXPORT SCENARIO FOR HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 34 EXPORT DATA FOR HS CODE 853690, BY COUNTRY, 2018–2022 (USD THOUSAND)
5.10 KEY CONFERENCES & EVENTS, 2023–2024
TABLE 9 SWITCHGEAR MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.11 TARIFFS AND REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11.2 REGULATORY FRAMEWORK
TABLE 14 SWITCHGEAR: CODES AND REGULATIONS
5.11.2.1 Tariffs related to switchgears
TABLE 15 IMPORT TARIFFS FOR HS CODE 8536-COMPLIANT PRODUCTS, 2022
TABLE 16 IMPORT TARIFFS FOR HS CODE 8535-COMPLIANT PRODUCTS, 2022
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 17 SWITCHGEAR MARKET: IMPACT OF PORTER’S FIVE FORCES
5.12.1 THREAT OF SUBSTITUTES
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF NEW ENTRANTS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 CASE STUDY ANALYSIS
5.13.1 MUNICIPAL UTILITY ENHANCED DISTRIBUTION SYSTEM’S SAFETY AND RELIABILITY BY ADOPTING ELASTIMOLD SOLID-DIELECTRIC SWITCHGEAR
5.13.1.1 Problem statement: April 2022
5.13.1.2 Solution
5.13.2 BECKENRIED MUNICIPAL UTILITY ENHANCED SERVICES BY UPGRADING TO EATON SF6-FREE XIRIA E-SWITCHGEAR SYSTEM
5.13.2.1 Problem statement: April 2022
5.13.2.2 Solution
5.13.3 ABB CUSTOMIZED RETROFIT SWITCHGEAR FOR GREYSTONE POWER CORPORATION
5.13.3.1 Problem statement: April 2021
5.13.3.2 Solution
5.13.4 GAASPERDAMMER TUNNEL PROJECT ACHIEVED SUSTAINABILITY THROUGH IMPLEMENTATION OF SWITCHGEARS
5.13.4.1 Problem statement: April 2021
5.13.4.2 Solution
5.14 KEY STAKEHOLDERS & BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 18 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
5.14.2 BUYING CRITERIA
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 19 KEY BUYING CRITERIA FOR TOP THREE END USERS
6 SWITCHGEAR MARKET, BY INSULATION
6.1 INTRODUCTION
FIGURE 38 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY INSULATION, 2022
TABLE 20 SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 21 SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
6.2 AIR-INSULATED SWITCHGEARS
6.2.1 EXPANSION OF GLOBAL GRID INFRASTRUCTURE TO BOOST DEMAND FOR AIR-INSULATED SWITCHGEARS
TABLE 22 AIR-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 23 AIR-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
6.3 GAS-INSULATED SWITCHGEARS
6.3.1 LOW MAINTENANCE NEEDS TO BOOST ADOPTION OF GAS-INSULATED SWITCHGEARS
TABLE 24 GAS-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 25 GAS-INSULATED SWITCHGEARS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
6.4 OTHER INSULATION TYPES
TABLE 26 OTHER INSULATION TYPES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 27 OTHER INSULATION TYPES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
7 SWITCHGEAR MARKET, BY INSTALLATION
7.1 INTRODUCTION
FIGURE 39 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY INSTALLATION, 2022
TABLE 28 SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 29 SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
7.2 INDOOR
7.2.1 RISING INVESTMENTS IN RENEWABLE ENERGY TO PROPEL DEMAND FOR INDOOR SWITCHGEARS
TABLE 30 INDOOR: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 31 INDOOR: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
7.3 OUTDOOR
7.3.1 INCREASING LONG-DISTANCE POWER TRANSMISSION TO FUEL DEMAND FOR OUTDOOR SWITCHGEARS
TABLE 32 OUTDOOR: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 33 OUTDOOR: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8 SWITCHGEAR MARKET, BY VOLTAGE
8.1 INTRODUCTION
FIGURE 40 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY VOLTAGE, 2022
TABLE 34 SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 35 SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
8.2 LOW (UP TO 1 KV)
8.2.1 GROWING USE OF ELECTRICAL DEVICES AND MACHINERY ACROSS INDUSTRIES TO DRIVE DEMAND FOR LOW-VOLTAGE SWITCHGEARS
TABLE 36 LOW: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 37 LOW: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8.3 MEDIUM (2–36 KV)
8.3.1 WIDESPREAD USE OF MEDIUM-VOLTAGE SWITCHGEARS IN PROCESS INDUSTRIES TO DRIVE SEGMENTAL LANDSCAPE
TABLE 38 MEDIUM: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 39 MEDIUM: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
8.4 HIGH (ABOVE 36 KV)
8.4.1 RISE IN ELECTRIFICATION AND RENEWABLE INTEGRATION TO FUEL DEMAND FOR HIGH-VOLTAGE SWITCHGEARS
TABLE 40 HIGH: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 41 HIGH: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
9 SWITCHGEAR MARKET, BY CURRENT
9.1 INTRODUCTION
FIGURE 41 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY CURRENT, 2022
TABLE 42 SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 43 SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
9.2 AC
9.2.1 GROWING ELECTRIFICATION OF REMOTE AREAS TO PROPEL DEMAND FOR AC SWITCHGEARS
TABLE 44 AC: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 45 AC: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
9.3 DC
9.3.1 RISING INVESTMENTS IN RENEWABLE ENERGY GENERATION TO INDUCE DEMAND FOR DC SWITCHGEARS
TABLE 46 DC: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 47 DC SWITCHGEARS MARKET, BY REGION, 2023–2028 (USD BILLION)
10 SWITCHGEAR MARKET, BY END USER
10.1 INTRODUCTION
FIGURE 42 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY END USER, 2022
TABLE 48 SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 49 SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
10.2 TRANSMISSION & DISTRIBUTION UTILITIES
10.2.1 WORLDWIDE ELECTRIFICATION INITIATIVES TO BOOST ADOPTION OF SWITCHGEARS AMONG TRANSMISSION AND DISTRIBUTION UTILITIES
TABLE 50 TRANSMISSION & DISTRIBUTION UTILITIES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 51 TRANSMISSION & DISTRIBUTION UTILITIES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.3 INDUSTRIES
10.3.1 RAPID INDUSTRIALIZATION IN DEVELOPING ECONOMIES TO SUPPORT SEGMENTAL GROWTH
TABLE 52 INDUSTRIES: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 53 INDUSTRIES: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.4 COMMERCIAL & RESIDENTIAL USERS
10.4.1 GROWING RESIDENTIAL AND COMMERCIAL CONSTRUCTIONS TO DRIVE SEGMENTAL LANDSCAPE
TABLE 54 COMMERCIAL & RESIDENTIAL USERS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 55 COMMERCIAL & RESIDENTIAL USERS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
10.5 OTHER END USERS
TABLE 56 OTHER END USERS: SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 57 OTHER END USERS: SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
11 SWITCHGEAR MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2022
FIGURE 44 ASIA PACIFIC SWITCHGEAR MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 58 SWITCHGEAR MARKET, BY REGION, 2020–2022 (USD BILLION)
TABLE 59 SWITCHGEAR MARKET, BY REGION, 2023–2028 (USD BILLION)
TABLE 60 SWITCHGEAR MARKET, BY VOLUME, 2020–2022 (UNITS)
TABLE 61 SWITCHGEAR MARKET, BY VOLUME, 2023–2028 (UNITS)
11.2 ASIA PACIFIC
11.2.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 45 ASIA PACIFIC: SWITCHGEAR MARKET SNAPSHOT
11.2.2 BY INSULATION
TABLE 62 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 63 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.2.3 BY INSTALLATION
TABLE 64 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 65 ASIA PACIFIC: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.2.4 BY VOLTAGE
TABLE 66 ASIA PACIFIC: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 67 ASIA PACIFIC: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.2.5 BY CURRENT
TABLE 68 ASIA PACIFIC: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 69 ASIA PACIFIC: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.2.6 BY END USER
TABLE 70 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 71 ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7 BY COUNTRY
TABLE 72 ASIA PACIFIC: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 73 ASIA PACIFIC: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.2.7.1 China
11.2.7.1.1 Rising investments in clean power generation to propel market
TABLE 74 CHINA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 75 CHINA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.2 India
11.2.7.2.1 Increasing electrification of remote areas to stimulate demand for switchgears
TABLE 76 INDIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 77 INDIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.3 Japan
11.2.7.3.1 Ongoing upgrades of aged infrastructure to create demand for switchgears
TABLE 78 JAPAN: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 79 JAPAN: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.4 Australia
11.2.7.4.1 Railway electrification initiatives to propel need for switchgears
TABLE 80 AUSTRALIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 81 AUSTRALIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.2.7.5 Rest of Asia Pacific
TABLE 82 REST OF ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 83 REST OF ASIA PACIFIC: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3 EUROPE
11.3.1 EUROPE: RECESSION IMPACT
FIGURE 46 EUROPE: SWITCHGEAR MARKET SNAPSHOT
11.3.2 BY INSULATION
TABLE 84 EUROPE: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 85 EUROPE: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.3.3 BY INSTALLATION
TABLE 86 EUROPE: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 87 EUROPE: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.3.4 BY VOLTAGE
TABLE 88 EUROPE: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 89 EUROPE: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.3.5 BY CURRENT
TABLE 90 EUROPE: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 91 EUROPE: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.3.6 BY END USER
TABLE 92 EUROPE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 93 EUROPE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7 BY COUNTRY
TABLE 94 EUROPE: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 95 EUROPE: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.3.7.1 Germany
11.3.7.1.1 Increasing emphasis on enhancing energy efficiency and expanding grid infrastructure to drive market
TABLE 96 GERMANY: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 97 GERMANY: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.2 UK
11.3.7.2.1 Increasing renewable integration to foster market growth
TABLE 98 UK: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 99 UK: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.3 Italy
11.3.7.3.1 Expansion of grid interconnections to fuel demand for switchgears
TABLE 100 ITALY: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 101 ITALY: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.4 France
11.3.7.4.1 Rising emphasis on expanding renewable energy capacity to create opportunities for market players
TABLE 102 FRANCE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 103 FRANCE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.3.7.5 Rest of Europe
TABLE 104 REST OF EUROPE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 105 REST OF EUROPE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4 NORTH AMERICA
11.4.1 BY INSULATION
TABLE 106 NORTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 107 NORTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.4.2 BY INSTALLATION
TABLE 108 NORTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 109 NORTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.4.3 BY VOLTAGE
TABLE 110 NORTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 111 NORTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.4.4 BY CURRENT
TABLE 112 NORTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 113 NORTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.4.5 BY END USER
TABLE 114 NORTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 115 NORTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6 BY COUNTRY
TABLE 116 NORTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 117 NORTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.4.6.1 US
11.4.6.1.1 Development of power infrastructure to drive market
TABLE 118 US: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 119 US: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6.2 Canada
11.4.6.2.1 Increasing low-emission power generation and investments in renewables to contribute to market growth
TABLE 120 CANADA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 121 CANADA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.4.6.3 Mexico
11.4.6.3.1 Rising investments in electric power infrastructure development to foster market growth
TABLE 122 MEXICO: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 123 MEXICO: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5 MIDDLE EAST & AFRICA
11.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
11.5.2 BY INSULATION
TABLE 124 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 125 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.5.3 BY INSTALLATION
TABLE 126 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 127 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.5.4 BY VOLTAGE
TABLE 128 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 129 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.5.5 BY CURRENT
TABLE 130 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 131 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.5.6 BY END USER
TABLE 132 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 133 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7 BY COUNTRY
TABLE 134 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 135 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.5.7.1 Gulf Cooperation Council (GCC) countries
11.5.7.1.1 Saudi Arabia
11.5.7.1.1.1 Increasing power generation from renewables to accelerate market growth
TABLE 136 SAUDI ARABIA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 137 SAUDI ARABIA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.1.2 UAE
11.5.7.1.2.1 Increasing power demand to create lucrative opportunities for market players
TABLE 138 UAE: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 139 UAE: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.1.3 Rest of GCC countries
TABLE 140 REST OF GCC COUNTRIES: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 141 REST OF GCC COUNTRIES: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.2 Egypt
11.5.7.2.1 Investments in development of power generation infrastructure to augment market growth
TABLE 142 EGYPT: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 143 EGYPT: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.3 South Africa
11.5.7.3.1 Initiation of wind power development projects to favor market growth
TABLE 144 SOUTH AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 145 SOUTH AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.5.7.4 Rest of Middle East & Africa
TABLE 146 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 147 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6 SOUTH AMERICA
11.6.1 SOUTH AMERICA: RECESSION IMPACT
11.6.2 BY INSULATION
TABLE 148 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2020–2022 (USD BILLION)
TABLE 149 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSULATION, 2023–2028 (USD BILLION)
11.6.3 BY INSTALLATION
TABLE 150 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2020–2022 (USD BILLION)
TABLE 151 SOUTH AMERICA: SWITCHGEAR MARKET, BY INSTALLATION, 2023–2028 (USD BILLION)
11.6.4 BY VOLTAGE
TABLE 152 SOUTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2020–2022 (USD BILLION)
TABLE 153 SOUTH AMERICA: SWITCHGEAR MARKET, BY VOLTAGE, 2023–2028 (USD BILLION)
11.6.5 BY CURRENT
TABLE 154 SOUTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2020–2022 (USD BILLION)
TABLE 155 SOUTH AMERICA: SWITCHGEAR MARKET, BY CURRENT, 2023–2028 (USD BILLION)
11.6.6 BY END USER
TABLE 156 SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 157 SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7 BY COUNTRY
TABLE 158 SOUTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2022 (USD BILLION)
TABLE 159 SOUTH AMERICA: SWITCHGEAR MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
11.6.7.1 Brazil
11.6.7.1.1 Increasing number of electrification projects to drive demand for switchgears
TABLE 160 BRAZIL: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 161 BRAZIL: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7.2 Argentina
11.6.7.2.1 Government initiatives promoting utilization of renewable energy to support market growth
TABLE 162 ARGENTINA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)
TABLE 163 ARGENTINA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
11.6.7.3 Rest of South America
TABLE 164 REST OF SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2020–2022 (USD BILLION)S
TABLE 165 REST OF SOUTH AMERICA: SWITCHGEAR MARKET, BY END USER, 2023–2028 (USD BILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 166 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, APRIL 2019–MARCH 2023
12.3 MARKET SHARE ANALYSIS
TABLE 167 SWITCHGEAR MARKET: DEGREE OF COMPETITION
FIGURE 47 SWITCHGEAR MARKET SHARE ANALYSIS, 2022
12.4 REVENUE ANALYSIS
FIGURE 48 REVENUE ANALYSIS OF KEY PLAYERS IN SWITCHGEAR MARKET, 2018–2022
12.5 MARKET EVALUATION FRAMEWORK
TABLE 168 MARKET EVALUATION FRAMEWORK, 2018–2022
12.6 COMPANY EVALUATION MATRIX
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 49 COMPANY EVALUATION MATRIX, 2022
12.6.5 COMPANY FOOTPRINT
TABLE 169 COMPANY FOOTPRINT, BY VOLTAGE
TABLE 170 COMPANY FOOTPRINT, BY END USER
TABLE 171 COMPANY FOOTPRINT, BY REGION
TABLE 172 OVERALL COMPANY FOOTPRINT
12.7 START-UP/SME EVALUATION MATRIX
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 50 START-UP/SME EVALUATION MATRIX, 2022
12.7.5 COMPETITIVE BENCHMARKING
TABLE 173 SWITCHGEAR MARKET: LIST OF KEY START-UPS/SMES
TABLE 174 SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
12.8 COMPETITIVE SCENARIOS AND TRENDS
TABLE 175 SWITCHGEAR MARKET: PRODUCT LAUNCHES
TABLE 176 SWITCHGEAR MARKET: DEALS
TABLE 177 SWITCHGEAR MARKET: OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
13.1.1 ABB
TABLE 178 ABB: COMPANY OVERVIEW
FIGURE 51 ABB: COMPANY SNAPSHOT, 2022
TABLE 179 ABB: PRODUCTS OFFERED
TABLE 180 ABB: DEALS
TABLE 181 ABB: OTHERS
13.1.2 GENERAL ELECTRIC
TABLE 182 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 52 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2022
TABLE 183 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 184 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 185 GENERAL ELECTRIC: DEALS
TABLE 186 GENERAL ELECTRIC: OTHERS
13.1.3 SIEMENS
TABLE 187 SIEMENS: COMPANY OVERVIEW
FIGURE 53 SIEMENS: COMPANY SNAPSHOT, 2022
TABLE 188 SIEMENS: PRODUCTS OFFERED
TABLE 189 SIEMENS: PRODUCT LAUNCHES
TABLE 190 SIEMENS: DEALS
TABLE 191 SIEMENS: OTHERS
13.1.4 SCHNEIDER ELECTRIC
TABLE 192 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2022
TABLE 193 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 194 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
TABLE 195 SCHNEIDER ELECTRIC: OTHERS
13.1.5 EATON
TABLE 196 EATON: COMPANY OVERVIEW
FIGURE 55 EATON: COMPANY SNAPSHOT, 2022
TABLE 197 EATON: PRODUCTS OFFERED
TABLE 198 EATON: PRODUCT LAUNCHES
TABLE 199 EATON: DEALS
TABLE 200 EATON: OTHERS
13.1.6 MITSUBISHI ELECTRIC CORPORATION
TABLE 201 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 56 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT, 2022
TABLE 202 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 203 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
TABLE 204 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.1.7 POWELL INDUSTRIES
TABLE 205 POWELL INDUSTRIES: COMPANY OVERVIEW
FIGURE 57 POWELL INDUSTRIES: COMPANY SNAPSHOT, 2022
TABLE 206 POWELL INDUSTRIES: PRODUCTS OFFERED
13.1.8 HAVELLS INDIA LTD.
TABLE 207 HAVELLS INDIA LTD.: COMPANY OVERVIEW
FIGURE 58 HAVELLS INDIA LTD.: COMPANY SNAPSHOT, 2022
TABLE 208 HAVELLS INDIA LTD.: PRODUCTS OFFERED
TABLE 209 HAVELLS INDIA LTD.: PRODUCT LAUNCHES
13.1.9 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
TABLE 210 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
FIGURE 59 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT, 2022
TABLE 211 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS OFFERED
13.1.10 HD HYUNDAI ELECTRIC CO., LTD
TABLE 212 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 60 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT, 2022
TABLE 213 HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS OFFERED
13.1.11 HUBBELL
TABLE 214 HUBBELL: COMPANY OVERVIEW
FIGURE 61 HUBBELL: COMPANY SNAPSHOT, 2022
TABLE 215 HUBBELL: PRODUCTS OFFERED
13.1.12 FUJI ELECTRIC CO., LTD.
TABLE 216 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 62 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT, 2022
TABLE 217 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED
TABLE 218 FUJI ELECTRIC CO., LTD.: DEALS
TABLE 219 FUJI ELECTRIC CO., LTD.: OTHERS
13.1.13 HITACHI, LTD.
TABLE 220 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 63 HITACHI, LTD.: COMPANY SNAPSHOT, 2022
TABLE 221 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 222 HITACHI, LTD.: PRODUCT LAUNCHES
TABLE 223 HITACHI, LTD.: DEALS
TABLE 224 HITACHI, LTD.: OTHERS
13.1.14 LEGRAND
TABLE 225 LEGRAND: COMPANY OVERVIEW
FIGURE 64 LEGRAND: COMPANY SNAPSHOT, 2022
TABLE 226 LEGRAND: PRODUCTS OFFERED
13.1.15 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.
TABLE 227 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: COMPANY OVERVIEW
FIGURE 65 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: COMPANY SNAPSHOT, 2022
TABLE 228 CG POWER AND INDUSTRIAL SOLUTIONS, LTD.: PRODUCTS OFFERED
13.2 OTHER PLAYERS
13.2.1 HYOSUNG CORPORATION
13.2.2 LUCY GROUP LTD.
13.2.3 TOSHIBA CORPORATION
13.2.4 SЙCHERON
13.2.5 ELEKTROBUDOWA
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* 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
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
