PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497727
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497727
Pad-Mounted Switchgear Market Size and Share Analysis by Type, Application, Voltage, Standard - Global Industry Revenue Estimation and Demand Forecast to 2030
Key Highlights
The pad-mounted switchgear market generated a value of USD 5,697.7 million in 2023, which will increase to USD 8,910.8 million, advancing at a 6.8% CAGR, by 2030.
The growth is because of the increasing urbanization level, coupled with the growing consciousness of the power generation mix and surging electricity demand.
The industry is also driven by the growing need for substituting power transmission as well as distribution networks.
The increasing industrialization level has resulted in the surging need for power because of the mounting demand for electricity in manufacturing and many more industrial applications.
As more industrial units are being developed, there is a higher requirement for electricity to power their machine and processes.
The rising acceptance of renewable power sources like solar and wind power drives the industry.
This can be because renewable power needs dedicated electrical systems, such as switchgear, to guarantee that they are incorporated into an electrical grid efficiently and safely.
It is suggested for outdoor applications, making it suitable for renewable energy usage, where the device is regularly exposed to severe environmental conditions.
Market Insights
Europe accounts for the largest share of the industry, owing to the increasing emphasis on renewable power sources. The Russia-Ukraine conflict has resulted in a rising emphasis on renewable power in Europe.
This can be ascribed to the fact that the war has underlined the risk related to depending on imported fossil fuels, mainly natural gas from Russia.
North America is a strong market because of the increasing need for smart grids and electricity itself. The increasing power infrastructure funding from the government boosts this industry.
APAC is likely to advance at the fastest compound annual growth rate in the years to come.
This will be because of the rising need for power, mainly in China and India; the rising demand for efficient and reliable power distribution systems, and the growing smart grid infrastructure.
The gas-insulated category will advance at the highest compound annual growth rate, of approximately 7%, in the years to come.
This will be mainly because of the rising rate of urbanization and industrialization, which is resulting in the growing need for energy.
In 2023, the IEC category accounted for approximately 60% share in the industry. The IEC sets the standards for the manufacturing, testing, or design of switchgear, which guarantees that the system is reliable and safe and meets the needs of the electrical system.
The acceptance of above-35-kV switchgear is increasing because of the growing need for electricity production, distribution, and transmission.
Switchgear, in the power generation area, is employed to defend transformers, generators, and various other machines from electrical errors.
With the rising rate of urbanization in developing and developed nations, which is boosting the need for power, the commercial category accounted for the leading share in 2023.
Commercial facilities comprise sports stadiums, shopping centers, office buildings, hospitals, airports, data centers, and many more.
Switchgear is employed to distribute power to HVAC, lighting, and various other systems in such facilities.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by voltage
- 1.4.4. Market size breakdown, by standard
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Application (2017-2030)
- 6.4. Market Revenue, by Voltage (2017-2030)
- 6.5. Market Revenue, by Standard (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Application (2017-2030)
- 7.4. Market Revenue, by Voltage (2017-2030)
- 7.5. Market Revenue, by Standard (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Application (2017-2030)
- 8.4. Market Revenue, by Voltage (2017-2030)
- 8.5. Market Revenue, by Standard (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Application (2017-2030)
- 9.4. Market Revenue, by Voltage (2017-2030)
- 9.5. Market Revenue, by Standard (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Application (2017-2030)
- 10.4. Market Revenue, by Voltage (2017-2030)
- 10.5. Market Revenue, by Standard (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Application (2017-2030)
- 11.4. Market Revenue, by Voltage (2017-2030)
- 11.5. Market Revenue, by Standard (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Application (2017-2030)
- 12.4. Market Revenue, by Voltage (2017-2030)
- 12.5. Market Revenue, by Standard (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Application (2017-2030)
- 13.4. Market Revenue, by Voltage (2017-2030)
- 13.5. Market Revenue, by Standard (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Application (2017-2030)
- 14.4. Market Revenue, by Voltage (2017-2030)
- 14.5. Market Revenue, by Standard (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Application (2017-2030)
- 15.4. Market Revenue, by Voltage (2017-2030)
- 15.5. Market Revenue, by Standard (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Application (2017-2030)
- 16.4. Market Revenue, by Voltage (2017-2030)
- 16.5. Market Revenue, by Standard (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Application (2017-2030)
- 17.4. Market Revenue, by Voltage (2017-2030)
- 17.5. Market Revenue, by Standard (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Application (2017-2030)
- 18.4. Market Revenue, by Voltage (2017-2030)
- 18.5. Market Revenue, by Standard (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Application (2017-2030)
- 19.4. Market Revenue, by Voltage (2017-2030)
- 19.5. Market Revenue, by Standard (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Application (2017-2030)
- 20.4. Market Revenue, by Voltage (2017-2030)
- 20.5. Market Revenue, by Standard (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Application (2017-2030)
- 21.4. Market Revenue, by Voltage (2017-2030)
- 21.5. Market Revenue, by Standard (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Application (2017-2030)
- 22.4. Market Revenue, by Voltage (2017-2030)
- 22.5. Market Revenue, by Standard (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Application (2017-2030)
- 23.4. Market Revenue, by Voltage (2017-2030)
- 23.5. Market Revenue, by Standard (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Application (2017-2030)
- 24.4. Market Revenue, by Voltage (2017-2030)
- 24.5. Market Revenue, by Standard (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Application (2017-2030)
- 25.4. Market Revenue, by Voltage (2017-2030)
- 25.5. Market Revenue, by Standard (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Application (2017-2030)
- 26.4. Market Revenue, by Voltage (2017-2030)
- 26.5. Market Revenue, by Standard (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Application (2017-2030)
- 27.4. Market Revenue, by Voltage (2017-2030)
- 27.5. Market Revenue, by Standard (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Application (2017-2030)
- 28.4. Market Revenue, by Voltage (2017-2030)
- 28.5. Market Revenue, by Standard (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. ABB Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. International Electrical Products Company
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. S&C Electric Company
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Hubbell Incorporated
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Electro-Mechanical Company LLC
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Electric Equipment & Engineering Company (EEE)
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Eaton Corporation plc
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. ENTEC Electric & Electronic
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. G&W Electric Company
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. G&W Electric Company
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
