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Global Switchgear Monitoring System Market Size study & Forecast, by Type (AIS, GIS), by Monitoring Type (Temperature Monitoring, Partial Discharge Monitoring, Gas Monitoring, Others), by Voltage (High, Medium) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: G865C20579B4EN
Bizwit Research & Consulting LLP

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Global Switchgear Monitoring System Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Switchgear Monitoring System (SMS) is a solution designed to monitor and control switchgear equipment in electrical power systems. Switchgear refers to the combination of electrical disconnect switches, fuses, and circuit breakers used to control, protect, and isolate electrical equipment. The monitoring system provides real-time data and analytics to ensure the proper functioning, reliability, and safety of the switchgear. The key factors driving the market growth are rising demand for electricity, growing emphasis on grid modernization, and rise in renewable energy installations, such as solar and wind farms that are anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, the growing global population, urbanization, and industrialization contribute to increased electricity demand. Utilities and industries require robust switchgear monitoring systems to ensure reliable power distribution and prevent disruptions. According to Statista, in 2020, the electricity demand worldwide was 23,995 terawatt hours and it is anticipated to reach 29463 terawatt hours by 2030. As a result, the growing electricity demand globally is anticipated to support the market growth. Moreover, increasing focus on preventive maintenance, and growing awareness of energy efficiency are anticipated to create lucrative opportunities for the market. However, the high installation cost, and inadequate data storage and management concerns stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Switchgear Monitoring System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing grid modernization initiatives, increasing renewable energy integration, growing emphasis on energy efficiency and sustainability. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the growing rapid urbanization and industrialization, increasing energy consumption, and supportive government initiatives for smart grids.

Major market player included in this report are:

Siemens Energy (Germany)

ABB (Switzerland)

Schneider Electric (France)

Eaton Corporation plc (Ireland)

General Electric (US)

Mitsubishi Electric Corporation (Japan)

Emerson Electric Co. (US)

Koncar Electrical Engineering Institute, Inc (Croatia)

PT Tiara Vibrasindo Pratama (Indonesia)

Senseor (France)

Recent Developments in the Market:
  • In August 2023, Eaton allocated over USD 500 million towards enhancing its North American manufacturing capabilities to keep pace with the surging demand for the company's electrical solutions in utility, commercial, data center, healthcare, industrial, and residential markets.
Global Switchgear Monitoring System 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, Monitoring Type, Voltage, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

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

By Type:

AIS

GIS

By Monitoring Type:

Temperature Monitoring

Partial Discharge Monitoring

Gas Monitoring

Others

By Voltage:

High

Medium

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

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. Switchgear Monitoring System Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Switchgear Monitoring System Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Switchgear Monitoring System Market, by Monitoring Type, 2020-2030 (USD Billion)
  1.2.4. Switchgear Monitoring System Market, by Voltage, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SWITCHGEAR MONITORING SYSTEM 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 SWITCHGEAR MONITORING SYSTEM MARKET DYNAMICS

3.1. Switchgear Monitoring System Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for electricity
    3.1.1.2. Growing emphasis on grid modernization
    3.1.1.3. Rise in renewable energy installations
  3.1.2. Market Challenges
    3.1.2.1. High installation cost
    3.1.2.2. Inadequate data storage and management concerns
  3.1.3. Market Opportunities
    3.1.3.1. Increasing focus on preventive maintenance
    3.1.3.2. Growing awareness of energy efficiency

CHAPTER 4. GLOBAL SWITCHGEAR MONITORING SYSTEM 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 SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Switchgear Monitoring System Market by Type, Performance - Potential Analysis
5.3. Global Switchgear Monitoring System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Switchgear Monitoring System Market, Sub Segment Analysis
  5.4.1. AIS
  5.4.2. GIS

CHAPTER 6. GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE

6.1. Market Snapshot
6.2. Global Switchgear Monitoring System Market by Monitoring Type, Performance - Potential Analysis
6.3. Global Switchgear Monitoring System Market Estimates & Forecasts by Monitoring Type 2020-2030 (USD Billion)
6.4. Switchgear Monitoring System Market, Sub Segment Analysis
  6.4.1. Temperature Monitoring
  6.4.2. Partial Discharge Monitoring
  6.4.3. Gas Monitoring
  6.4.4. Others

CHAPTER 7. GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE

7.1. Market Snapshot
7.2. Global Switchgear Monitoring System Market by Voltage, Performance - Potential Analysis
7.3. Global Switchgear Monitoring System Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
7.4. Switchgear Monitoring System Market, Sub Segment Analysis
  7.4.1. High
  7.4.2. Medium

CHAPTER 8. GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Switchgear Monitoring System Market, Regional Market Snapshot
8.4. North America Switchgear Monitoring System Market
  8.4.1. U.S. Switchgear Monitoring System Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Monitoring Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Voltage breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Switchgear Monitoring System Market
8.5. Europe Switchgear Monitoring System Market Snapshot
  8.5.1. U.K. Switchgear Monitoring System Market
  8.5.2. Germany Switchgear Monitoring System Market
  8.5.3. France Switchgear Monitoring System Market
  8.5.4. Spain Switchgear Monitoring System Market
  8.5.5. Italy Switchgear Monitoring System Market
  8.5.6. Rest of Europe Switchgear Monitoring System Market
8.6. Asia-Pacific Switchgear Monitoring System Market Snapshot
  8.6.1. China Switchgear Monitoring System Market
  8.6.2. India Switchgear Monitoring System Market
  8.6.3. Japan Switchgear Monitoring System Market
  8.6.4. Australia Switchgear Monitoring System Market
  8.6.5. South Korea Switchgear Monitoring System Market
  8.6.6. Rest of Asia Pacific Switchgear Monitoring System Market
8.7. Latin America Switchgear Monitoring System Market Snapshot
  8.7.1. Brazil Switchgear Monitoring System Market
  8.7.2. Mexico Switchgear Monitoring System Market
8.8. Middle East & Africa Switchgear Monitoring System Market
  8.8.1. Saudi Arabia Switchgear Monitoring System Market
  8.8.2. South Africa Switchgear Monitoring System Market
  8.8.3. Rest of Middle East & Africa Switchgear Monitoring System Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Siemens Energy (Germany)
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. ABB (Switzerland)
  9.3.3. Schneider Electric (France)
  9.3.4. Eaton Corporation plc (Ireland)
  9.3.5. General Electric (US)
  9.3.6. Mitsubishi Electric Corporation (Japan)
  9.3.7. Emerson Electric Co. Emerson (US)
  9.3.8. Koncar Electrical Engineering Institute, Inc (Croatia)
  9.3.9. PT Tiara Vibrasindo Pratama (Indonesia)
  9.3.10. Senseor (France)

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Switchgear Monitoring System Market, report scope
TABLE 2. Global Switchgear Monitoring System Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Switchgear Monitoring System Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Switchgear Monitoring System Market estimates & forecasts by Monitoring Type 2020-2030 (USD Billion)
TABLE 5. Global Switchgear Monitoring System Market estimates & forecasts by Voltage 2020-2030 (USD Billion)
TABLE 6. Global Switchgear Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Switchgear Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Switchgear Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Switchgear Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Switchgear Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Switchgear Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Switchgear Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Switchgear Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Switchgear Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Switchgear Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Switchgear Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Switchgear Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Switchgear Monitoring System Market
TABLE 71. List of primary sources, used in the study of global Switchgear Monitoring System Market
TABLE 72. Years considered for the study
TABLE 73. 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 Switchgear Monitoring System Market, research methodology
FIG 2. Global Switchgear Monitoring System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Switchgear Monitoring System Market, key trends 2022
FIG 5. Global Switchgear Monitoring System Market, growth prospects 2023-2030
FIG 6. Global Switchgear Monitoring System Market, porters 5 force model
FIG 7. Global Switchgear Monitoring System Market, pest analysis
FIG 8. Global Switchgear Monitoring System Market, value chain analysis
FIG 9. Global Switchgear Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Switchgear Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Switchgear Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Switchgear Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Switchgear Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Switchgear Monitoring System Market, regional snapshot 2020 & 2030
FIG 15. North America Switchgear Monitoring System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Switchgear Monitoring System Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Switchgear Monitoring System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Switchgear Monitoring System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Switchgear Monitoring System Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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