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The term “switchgear” is derived from the fact that it comprises devices that enable switching and disconnection of electrical power to other circuits or loads. There are different types of switchgear, each designed to handle a specific voltage. These include low voltage (LV), medium voltage (MV), and high voltage (HV). There are many benefits to installing switchgear in a power system. These include boosting reliability, improving dependability, and enhancing interconnection. The most important of these is the ability to isolate faulty areas from healthy sections in the power system when a problem occurs.

Market Dynamics:

The escalating demand for small-sized substations that require less space is expected to drive growth of the global switchgear market during the forecast period.  The growing need for renewable energy, rising standards to control carbon emissions, and increasing awareness of consumers towards renewable energy generation are also likely to boost the market growth.

However, high cost and functional disadvantages of this equipment is anticipated to restraint growth of the global switchgear market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global switchgear market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global switchgear market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ABB Ltd., Fuji Electric Co. Ltd., Havells India Ltd., Powell Industries, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Schneider Electric, Hitachi Ltd., Siemens AG, Meidensha Corporation, Eaton Corporation PLC, and Toshiba International Corporation (Toshiba Corporation)
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global switchgear market

Detailed Segmentation:

  • Global Switchgear Market, By Voltage:
    • Low Voltage
    • Medium Voltage
    • High Voltage
  • Global Switchgear Market, By Insulation:
    • Gas Insulated Switchgear (GIS)
    • Air Insulated Switchgear (AIS)
    • Other Insulation Types
  • Global Switchgear Market, By Installation:
    • Indoor
    • Outdoor
  • Global Switchgear Market, By Application:
    • Commercial
    • Residential
    • Industrial
  • Global Switchgear Market, By Geography:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • ABB Ltd.
    • Havells India Ltd.
    • Mitsubishi Electric Corporation
    • Schneider Electric
    • Siemens AG
    • Eaton Corporation PLC
    • Toshiba International Corporation (Toshiba Corporation)
    • Meidensha Corporation
    • Hitachi Ltd.
    • CG Power and Industrial Solutions Limited
    • Powell Industries
    • Fuji Electric Co. Ltd.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Voltage
      • Market Snapshot, By Insulation
      • Market Snapshot, By Installation
      • Market Snapshot, By Application
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Growing infrastructure of smart electricity grid
        • Increasing government initiatives
      • Restraints
        • Stringent regulations towards safety and environment
        • Functional disadvantages of switchgear systems
      • Opportunities
        • Increasing penetration of advanced technologies such as Internet of Things (IoT) and Smart technologies
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product launch/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Global Switchgear Market – Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Global Switchgear Market, By Voltage, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2023 – 2030
      • Segment Trends
    • Low Voltage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Medium Voltage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • High Voltage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  6. Global Switchgear Market, By Insulation, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2023 – 2030
      • Segment Trends
    • Gas Insulated Switchgear (GIS)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Air Insulated Switchgear (AIS)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Other Insulation Types
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  7. Global Switchgear Market, By Installation, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2023 – 2030
      • Segment Trends
    • Indoor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Outdoor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  8. Global Switchgear Market, By Application, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017– 2030
      • Segment Trends
    • Commercial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
    • Residential
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
    • Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  9. Global Switchgear Market, By Region, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2017 - 2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Installation, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
  10. Competitive Landscape
    • ABB Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Havells India Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Mitsubishi Electric Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Schneider Electric
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Siemens AG
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Eaton Corporation PLC
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Toshiba International Corporation (Toshiba Corporation)
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Meidensha Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Hitachi Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • CG Power and Industrial Solutions Limited
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Powell Industries
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Fuji Electric Co. Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Analyst Views
  11. Section
    • Research Methodology
    • About us

*Browse 24 market data tables and 28 figures on “Switchgear Market” - Global forecast to 2030

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