[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global AI Based Electrical Switchgear Market Size Study & Forecast, By Type (Indoor, Outdoor) By Application (Public Utility, Commercial, Industrial, Residential, Others) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G0477DF36DA7EN
Bizwit Research & Consulting LLP

US$ 4,950.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global AI Based Electrical Switchgear Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. AI Based Electrical Switchgear refers to a type of electrical distribution equipment that incorporates artificial intelligence (AI) technology to enhance its functionality, efficiency, and reliability. AI-based switchgear integrates advanced computational algorithms and sensor technologies to enable intelligent monitoring, predictive maintenance, fault detection, and self-diagnosis capabilities. The AI Based Electrical Switchgear market is expanding because of factors such as growing electrical energy demand and a rising focus on electric grid resilience. AI-based switchgear can dynamically adjust its operation in response to changing grid conditions, such as load fluctuations, voltage variations, or disturbances. This adaptability improves grid stability and resilience under varying operating conditions. As a result, the demand for AI Based Electrical Switchgear has progressively increased in the international market during the forecast period 2023-2030.

AI-based switchgear offers scalability and adaptability to evolving energy demands. Machine learning algorithms can continuously learn from operational data to improve performance and adapt to changing grid conditions over time. This adaptability ensures that electrical infrastructure remains responsive and resilient in the face of shifting energy requirements and technological advancements. According to the International Energy Organization, the monthly net electricity production for all OECD member countries accounted for about 934?938.7 GWh in the year 2020 and the production has increased to 950?389.4 GWh by the year 2022. Furthermore, the growing complexity of electrical grids necessitates more advanced safety measures. AI-based switchgear can incorporate machine learning algorithms to detect anomalies in the electrical system that could pose safety risks, such as overloads, short circuits, or insulation faults. Another important factor that drives the AI Based Electrical Switchgear market is increasing focus on electric grid resilience. AI-based switchgear can automatically adjust settings or switch between different operating modes to stabilize the grid, ensuring uninterrupted power supply even during challenging conditions. In addition, In October 2023, the U.S. Department of Energy announced up to USD 3.5 billion in Grid Resilience and Innovation Partnerships (GRIP) Programme investments for 58 projects in 44 states to improve electric grid resilience and dependability across America. In addition, the Government of India has developed the National Smart Grid Mission (NSGM) to oversee the formulation and implementation of policies and initiatives about Smart Grid endeavors across the country. The overarching aim of Smart Grids is to bolster the resilience of the grid while enhancing its capability to accommodate renewable energy sources via distributed generation. Moreover, the increasing development of artificial intelligence-based technologies and the growing rate of Industrialization is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of AI Based Electrical Switchgear is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global AI Based Electrical Switchgear Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising industrial automation in the region. Industries are increasingly embracing automation to enhance productivity, reduce costs, and improve safety. According to Gitnux Organization, the automation market in North America is estimated to grow at a CAGR of 8.4% between the years 2021 to 2028. AI-based switchgear facilitates automation by providing intelligent control and monitoring capabilities, thereby supporting the evolving needs of industrial applications. The region’s dominant performance is anticipated to propel the overall demand for AI Based Electrical Switchgear. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the expansion of renewable energy integration in the region.

Major market players included in this report are:

ABB Ltd

Schneider Electric SE

Siemens AG

Mitsubishi Electric Corporation

Eaton Corporation

SwitchGear Company NV

Lucy Electric UK Ltd

Havells India Limited

Shenzhen Hankang Electric Automation Co., Ltd

Jiangsu Daye Intelligent Electric Co., Ltd

Recent Developments in the Market:
  • In February 2024, Schneider Electric SE, a global pioneer in the digital revolution of energy management and automation, launched its new SureSeT Medium Voltage (MV) switchgear product in Canada. This new and upgraded system, supported by the unique and award-winning EvoPacT circuit breaker, has been created to satisfy the needs of primary switchgear applications with a smaller, stronger, and smarter solution capable of handling digital day-to-day operations.
Global AI Based Electrical Switchgear Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Indoor

Outdoor

By Application

Public Utility

Commercial

Industrial

Residential

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. AI Based Electrical Switchgear Market, by Region, 2020-2030 (USD Billion)
  1.2.2. AI Based Electrical Switchgear Market, by Type, 2020-2030 (USD Billion)
  1.2.3. AI Based Electrical Switchgear Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET DYNAMICS

3.1. AI Based Electrical Switchgear Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing Electrical Energy Demand
    3.1.1.2. Rising Focus on Electric Grid Resilience
  3.1.2. Market Challenges
    3.1.2.1. High Cost of AI Based Electrical Switchgear
    3.1.2.2. Stringent Regulations and Safety Standards
  3.1.3. Market Opportunities
    3.1.3.1. Increasing Development of Artificial Intelligence-Based Technologies
    3.1.3.2. Growing Rate of Industrialization

CHAPTER 4. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global AI Based Electrical Switchgear Market by Type, Performance - Potential Analysis
5.3. Global AI Based Electrical Switchgear Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. AI Based Electrical Switchgear Market, Sub Segment Analysis
  5.4.1. Indoor
  5.4.2. Outdoor

CHAPTER 6. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global AI Based Electrical Switchgear Market by Application, Performance - Potential Analysis
6.3. Global AI Based Electrical Switchgear Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. AI Based Electrical Switchgear Market, Sub Segment Analysis
  6.4.1. Public Utility
  6.4.2. Commercial
  6.4.3. Industrial
  6.4.4. Residential
  6.4.5. Others

CHAPTER 7. GLOBAL AI BASED ELECTRICAL SWITCHGEAR MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. AI Based Electrical Switchgear Market, Regional Market Snapshot
7.4. North America AI Based Electrical Switchgear Market
  7.4.1. U.S. AI Based Electrical Switchgear Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada AI Based Electrical Switchgear Market
7.5. Europe AI Based Electrical Switchgear Market Snapshot
  7.5.1. U.K. AI Based Electrical Switchgear Market
  7.5.2. Germany AI Based Electrical Switchgear Market
  7.5.3. France AI Based Electrical Switchgear Market
  7.5.4. Spain AI Based Electrical Switchgear Market
  7.5.5. Italy AI Based Electrical Switchgear Market
  7.5.6. Rest of Europe AI Based Electrical Switchgear Market
7.6. Asia-Pacific AI Based Electrical Switchgear Market Snapshot
  7.6.1. China AI Based Electrical Switchgear Market
  7.6.2. India AI Based Electrical Switchgear Market
  7.6.3. Japan AI Based Electrical Switchgear Market
  7.6.4. Australia AI Based Electrical Switchgear Market
  7.6.5. South Korea AI Based Electrical Switchgear Market
  7.6.6. Rest of Asia Pacific AI Based Electrical Switchgear Market
7.7. Latin America AI Based Electrical Switchgear Market Snapshot
  7.7.1. Brazil AI Based Electrical Switchgear Market
  7.7.2. Mexico AI Based Electrical Switchgear Market
7.8. Middle East & Africa AI Based Electrical Switchgear Market
  7.8.1. Saudi Arabia AI Based Electrical Switchgear Market
  7.8.2. South Africa AI Based Electrical Switchgear Market
  7.8.3. Rest of Middle East & Africa AI Based Electrical Switchgear Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. ABB Ltd
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Schneider Electric SE
  8.3.3. Siemens AG
  8.3.4. Mitsubishi Electric Corporation
  8.3.5. Eaton Corporation
  8.3.6. SwitchGear Company NV
  8.3.7. Lucy Electric UK Ltd
  8.3.8. Havells India Limited
  8.3.9. Shenzhen Hankang Electric Automation Co., Ltd
  8.3.10. Jiangsu Daye Intelligent Electric Co., Ltd

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global AI Based Electrical Switchgear Market, report scope
TABLE 2. Global AI Based Electrical Switchgear Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global AI Based Electrical Switchgear Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global AI Based Electrical Switchgear Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global AI Based Electrical Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global AI Based Electrical Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global AI Based Electrical Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global AI Based Electrical Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global AI Based Electrical Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global AI Based Electrical Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global AI Based Electrical Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global AI Based Electrical Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global AI Based Electrical Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global AI Based Electrical Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia AI Based Electrical Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA AI Based Electrical Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global AI Based Electrical Switchgear Market
TABLE 70. List of primary sources, used in the study of global AI Based Electrical Switchgear Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global AI Based Electrical Switchgear Market, research methodology
FIG 2. Global AI Based Electrical Switchgear Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global AI Based Electrical Switchgear Market, key trends 2022
FIG 5. Global AI Based Electrical Switchgear Market, growth prospects 2023-2030
FIG 6. Global AI Based Electrical Switchgear Market, porters 5 force model
FIG 7. Global AI Based Electrical Switchgear Market, pest analysis
FIG 8. Global AI Based Electrical Switchgear Market, value chain analysis
FIG 9. Global AI Based Electrical Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global AI Based Electrical Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global AI Based Electrical Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global AI Based Electrical Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global AI Based Electrical Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global AI Based Electrical Switchgear Market, regional snapshot 2020 & 2030
FIG 15. North America AI Based Electrical Switchgear Market 2020 & 2030 (USD Billion)
FIG 16. Europe AI Based Electrical Switchgear Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific AI Based Electrical Switchgear Market 2020 & 2030 (USD Billion)
FIG 18. Latin America AI Based Electrical Switchgear Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa AI Based Electrical Switchgear Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


More Publications