Switchgear - Global Market Outlook (2017-2023)

August 2017 | 176 pages | ID: SF2A6A85A76EN
Stratistics Market Research Consulting

Abstracts

According to Stratistics MRC,the Global Switchgear Market is accounted for $82.98 billion in 2016 and expected to grow at a CAGR of 7.2% to reach $134.99 billion by 2023. The market is driven by continued growth of construction & developmental activities, increasing access to electricity in developing countries, and growth in renewable power generation. On the other hand, stringent environmental & safety regulations for sf6 switchgears and increasing competition from the unorganized sector of the switchgear market are inhibiting the market growth. Few trends that market is witnessing are upcoming smart cities, aging power infrastructure and HVDC transmission.

The gas insulated switchgear segment led the market and is anticipated to dominate the market during the forecast period due to rising energy demand and extension/replacement of old switchgear at sub-stations. Further, In August 2016, GIL Automations supplied 33kV GIS for operations at the facility of an International Oil Company operating in Nigeria which includes design and fabrication of the 33kV switchgear. Excellent insulating property along with high reliability index will drive the global industry growth. Air insulated switchgear market share will grow moderately. Vacuum insulated Switchgear market will witness strong growth owing to its high impulse to withstand voltages and power frequencies. Pollution and noise free operation along with ease of timing and actuation stimulate the segment demand.

Based on end user, the transmission & distribution utilities segment is projected to grow at the fastest rate. This is due to the increasing investments in sub-station automation, modernization of electric grid, and smart utilities (smart grids and smart meters). In 2017, Blackstone Group LP declared an investment of USD 100 billion towards the refurbishment of aging infrastructure across the U.S. The investment is backed by the Saudi Arabia Public Investment Fund under the Strategic and Policy Forum.

Medium voltage switchgear market segment dominates the global switchgear market. Rapid growth in industrialization of small and medium scales in developing countries like China, India and Japan is expected to propel demand for medium voltage switchgear market. For instance, in 2016, EverSource Energy declared an investment of about USD 900 million towards refurbishment of transmission networks across the U.S. Power is usually produced at a medium-voltage level and is then stepped up to higher voltage for transportation over longer distance. As the number of generation units increases, the number of medium-voltage switchgears used also rise in generation.

Asia-Pacific market is anticipated to dominate the global market during the forecast period. As such, governments of India and China have introduced various initiatives to improve grid connectivity in remote locations. The presence of a large number of companies, has introduced competitive pricing pressure in the market. Europe and North America markets are expected to contribute significant amount of market share during forecast period due to various factors like need for grid modernization, replacement of old installations and renewable power generation.

The key players in global Switchgear market are ABB Ltd, Alstom Grid, GE, BHEL, Crompton Greaves, Eaton, Hyosung Power and Industrial Systems, Mitsubishi Electric, Schneider Electric, Siemens, Powell Industries Inc. and Xian XD.

Insulations Covered:

• Air
• Oil
• Gas
• Vacuum
• Other Insulations

Voltages Covered:

• Low
• Medium
• Hig

End Users Covered:

• Commercial and Residential Infrastructure
• Manufacturing and Process Industries
• Transmission & Distribution Utilities

Currents Covered:

• DC
• AC

Installations Covered:

• Outdoor
• Indoor

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Contents

1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Product Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL SWITCHGEAR MARKET, BY INSULATION

5.1 Introduction
5.2 Air
5.3 Oil
5.4 Gas
5.5 Vacuum
5.6 Other Insulations

6 GLOBAL SWITCHGEAR MARKET, BY VOLTAGE

6.1 Introduction
6.2 Low
6.3 Medium
6.4 High

7 GLOBAL SWITCHGEAR MARKET, BY END USER

7.1 Introduction
7.2 Commercial and Residential Infrastructure
7.3 Manufacturing and Process Industries
7.4 Transmission & Distribution Utilities

8 GLOBAL SWITCHGEAR MARKET, BY CURRENT

8.1 Introduction
8.2 DC
8.3 AC

9 GLOBAL SWITCHGEAR MARKET, BY INSTALLATION

9.1 Introduction
9.2 Outdoor
9.3 Indoor

10 GLOBAL SWITCHGEAR MARKET, BY PRODUCT

10.1 Introduction
10.2 Conventional Switchgear
10.3 Modular/Integrated Switchgear

11 GLOBAL SWITCHGEAR MARKET, BY GEOGRAPHY

11.1 Introduction
11.2 North America
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
11.3 Europe
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
11.4 Asia Pacific
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
11.5 South America
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
11.6 Middle East & Africa
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa

12 KEY DEVELOPMENTS

12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 COMPANY PROFILING

13.1 ABB Ltd
13.2 Alstom Grid
13.3 GE
13.4 BHEL
13.5 Crompton Greaves
13.6 Eaton
13.7 Hyosung Power and Industrial Systems
13.8 Mitsubishi Electric
13.9 Schneider Electric
13.10 Siemens
13.11 Powell Industries Inc.
13.12 Xian XD

List Of Tables

LIST OF TABLES

Table 1 Global Switchgear Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Switchgear Market Outlook, By Insulation (2014-2023) ($MN)
Table 3 Global Switchgear Market Outlook, By Air (2014-2023) ($MN)
Table 4 Global Switchgear Market Outlook, By Oil (2014-2023) ($MN)
Table 5 Global Switchgear Market Outlook, By Gas (2014-2023) ($MN)
Table 6 Global Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)
Table 7 Global Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN)
Table 8 Global Switchgear Market Outlook, By Voltage (2014-2023) ($MN)
Table 9 Global Switchgear Market Outlook, By Low (2014-2023) ($MN)
Table 10 Global Switchgear Market Outlook, By Medium (2014-2023) ($MN)
Table 11 Global Switchgear Market Outlook, By High (2014-2023) ($MN)
Table 12 Global Switchgear Market Outlook, By End User (2014-2023) ($MN)
Table 13 Global Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
Table 14 Global Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
Table 15 Global Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
Table 16 Global Switchgear Market Outlook, By Current (2014-2023) ($MN)
Table 17 Global Switchgear Market Outlook, By DC (2014-2023) ($MN)
Table 18 Global Switchgear Market Outlook, By AC (2014-2023) ($MN)
Table 19 Global Switchgear Market Outlook, By Installation (2014-2023) ($MN)
Table 20 Global Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)
Table 21 Global Switchgear Market Outlook, By Indoor (2014-2023) ($MN)
Table 22 Global Switchgear Market Outlook, By Product (2014-2023) ($MN)
Table 23 Global Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
Table 24 Global Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
Table 25 North America Switchgear Market Outlook, By Country (2014-2023) ($MN)
Table 26 North America Switchgear Market Outlook, By Insulation (2014-2023) ($MN)
Table 27 North America Switchgear Market Outlook, By Air (2014-2023) ($MN)
Table 28 North America Switchgear Market Outlook, By Oil (2014-2023) ($MN)
Table 29 North America Switchgear Market Outlook, By Gas (2014-2023) ($MN)
Table 30 North America Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)
Table 31 North America Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN)
Table 32 North America Switchgear Market Outlook, By Voltage (2014-2023) ($MN)
Table 33 North America Switchgear Market Outlook, By Low (2014-2023) ($MN)
Table 34 North America Switchgear Market Outlook, By Medium (2014-2023) ($MN)
Table 35 North America Switchgear Market Outlook, By High (2014-2023) ($MN)
Table 36 North America Switchgear Market Outlook, By End User (2014-2023) ($MN)
Table 37 North America Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
Table 38 North America Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
Table 39 North America Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
Table 40 North America Switchgear Market Outlook, By Current (2014-2023) ($MN)
Table 41 North America Switchgear Market Outlook, By DC (2014-2023) ($MN)
Table 42 North America Switchgear Market Outlook, By AC (2014-2023) ($MN)
Table 43 North America Switchgear Market Outlook, By Installation (2014-2023) ($MN)
Table 44 North America Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)
Table 45 North America Switchgear Market Outlook, By Indoor (2014-2023) ($MN)
Table 46 North America Switchgear Market Outlook, By Product (2014-2023) ($MN)
Table 47 North America Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
Table 48 North America Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
Table 49 Europe Switchgear Market Outlook, By Country (2014-2023) ($MN)
Table 50 Europe Switchgear Market Outlook, By Insulation (2014-2023) ($MN)
Table 51 Europe Switchgear Market Outlook, By Air (2014-2023) ($MN)
Table 52 Europe Switchgear Market Outlook, By Oil (2014-2023) ($MN)
Table 53 Europe Switchgear Market Outlook, By Gas (2014-2023) ($MN)
Table 54 Europe Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)
Table 55 Europe Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN)
Table 56 Europe Switchgear Market Outlook, By Voltage (2014-2023) ($MN)
Table 57 Europe Switchgear Market Outlook, By Low (2014-2023) ($MN)
Table 58 Europe Switchgear Market Outlook, By Medium (2014-2023) ($MN)
Table 59 Europe Switchgear Market Outlook, By High (2014-2023) ($MN)
Table 60 Europe Switchgear Market Outlook, By End User (2014-2023) ($MN)
Table 61 Europe Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
Table 62 Europe Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
Table 63 Europe Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
Table 64 Europe Switchgear Market Outlook, By Current (2014-2023) ($MN)
Table 65 Europe Switchgear Market Outlook, By DC (2014-2023) ($MN)
Table 66 Europe Switchgear Market Outlook, By AC (2014-2023) ($MN)
Table 67 Europe Switchgear Market Outlook, By Installation (2014-2023) ($MN)
Table 68 Europe Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)
Table 69 Europe Switchgear Market Outlook, By Indoor (2014-2023) ($MN)
Table 70 Europe Switchgear Market Outlook, By Product (2014-2023) ($MN)
Table 71 Europe Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
Table 72 Europe Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
Table 73 Asia Pacific Switchgear Market Outlook, By Country (2014-2023) ($MN)
Table 74 Asia Pacific Switchgear Market Outlook, By Insulation (2014-2023) ($MN)
Table 75 Asia Pacific Switchgear Market Outlook, By Air (2014-2023) ($MN)
Table 76 Asia Pacific Switchgear Market Outlook, By Oil (2014-2023) ($MN)
Table 77 Asia Pacific Switchgear Market Outlook, By Gas (2014-2023) ($MN)
Table 78 Asia Pacific Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)
Table 79 Asia Pacific Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN)
Table 80 Asia Pacific Switchgear Market Outlook, By Voltage (2014-2023) ($MN)
Table 81 Asia Pacific Switchgear Market Outlook, By Low (2014-2023) ($MN)
Table 82 Asia Pacific Switchgear Market Outlook, By Medium (2014-2023) ($MN)
Table 83 Asia Pacific Switchgear Market Outlook, By High (2014-2023) ($MN)
Table 84 Asia Pacific Switchgear Market Outlook, By End User (2014-2023) ($MN)
Table 85 Asia Pacific Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
Table 86 Asia Pacific Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
Table 87 Asia Pacific Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
Table 88 Asia Pacific Switchgear Market Outlook, By Current (2014-2023) ($MN)
Table 89 Asia Pacific Switchgear Market Outlook, By DC (2014-2023) ($MN)
Table 90 Asia Pacific Switchgear Market Outlook, By AC (2014-2023) ($MN)
Table 91 Asia Pacific Switchgear Market Outlook, By Installation (2014-2023) ($MN)
Table 92 Asia Pacific Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)
Table 93 Asia Pacific Switchgear Market Outlook, By Indoor (2014-2023) ($MN)
Table 94 Asia Pacific Switchgear Market Outlook, By Product (2014-2023) ($MN)
Table 95 Asia Pacific Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
Table 96 Asia Pacific Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
Note: South America and Middle East & Africa are represented in above manner.