Switchgear Market 2022-2028

Description

List of Tables

Title:Global Switchgear Market Size, Share & Trends Analysis Report, By Type (Voltage, Insulation, and Installation), By End-User Industry (Commercial, Residential, and Industrial), Forecast Period (2022-2028).

The global switchgear market is anticipated to grow at a CAGR of 6.8% during the forecast period. The rising demand for energy owing to the rapid urbanization is a key factor driving the growth of the global switchgear market. In an electric power system, switchgear is composed of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment. The increasing construction activities across the globe to support rapid urbanization are further anticipated to drive the global switchgear market growth.

The global switchgear market is segmented by type and end-user. The market segmentation based on the type includes voltage, insulation, and installation. The voltage segment is further sub-segmented into low voltage, medium voltage, and high voltage. The insulation type is further sub-segmented into gas insulated switchgear (GIS), air insulated switchgear (AIS), and other insulation types. GIS held a considerable share in the global switchgear market based on insulation. GIS is more environment-friendly, reliable, and flexible compared to AIS. Additionally, GIS are highly preferred over AIS owing to the lower installation time and maintenance cost compared to AIS. Therefore, it holds a considerable share in the market. Based on the installation, the market is sub-segmented into indoor and outdoor. Based on end-user, the market is segmented into residential, industrial, and commercial.

The global switchgear market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to exhibit considerable growth in the global switchgear market.

The major companies operating in the global switchgear market include ABB Ltd., Mitsubishi Electric Corp., Schneider Electric, Siemens AG, and Eaton Corp. The companies are focusing on product innovation, technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share.

Research Methodology

The market study of the global switchgear market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Switchgear Market Research and Analysis by Type
Global Switchgear Market Research and Analysis by End-User

The Report Covers:

Comprehensive research methodology of the global switchgear market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global switchgear market.
Insights about market determinants that are stimulating the global switchgear market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026800

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Recovery Scenario of Global Switchgear Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Switchgear Market, By Type
- 4.1.1. Voltage
  - 4.1.1.1. Low-Voltage
  - 4.1.1.2. Medium-Voltage
  - 4.1.1.3. High-Voltage
- 4.1.2. Insulation
  - 4.1.2.1. Gas Insulated Switchgear (GIS)
  - 4.1.2.2. Air Insulated Switchgear (AIS)
  - 4.1.2.3. Other Insulation TYPE
- 4.1.3. Installation
  - 4.1.3.1. Indoor
  - 4.1.3.2. Outdoor
4.2. Global Switchgear Market, By End-User Industry
- 4.2.1. Commercial
- 4.2.2. Residential
- 4.2.3. Industrial

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. ABB Ltd.
6.2. BHEL
6.3. Crompton Greaves Power and Industrial Solutions Ltd.
6.4. Eaton Corp.
6.5. Fuji Electric Co., Ltd.
6.6. General Electric
6.7. Havells India Ltd.
6.8. Hitachi, Ltd.
6.9. Hubbell
6.10. Hyundai Electric
6.11. Legrand
6.12. Lucy Electric
6.13. Meidensha Corp.
6.14. Mitsubishi Electric Corp.
6.15. Pluton Rail Pty Ltd.
6.16. Powell Industries
6.17. Schneider Electric
6.18. Schneider Electric
6.19. Siemens AG
6.20. Toshiba International Corp.