Air and Gas Insulated Medium Voltage (MV) Switchgear Regional Market Analysis

Description

Region: Asia-Pacific (APAC) .

Companies Mentioned:

1. ABB
2. Lucy Electric
3. Schneider Electric

4. Siemens
5. L&T

Scope:

This MV Switchgear research service focuses on three application verticals where MV Switchgear is used: Distribution, Generation, and Industry in the APAC region. This service looks at these verticals in-depth, analyzing the market trends and growth factors by looking at the deployment strategies of utilities, IPPs, and industrial customers.

This understanding, coupled with the knowledge of design topologies in every country, ensures that the final analysis is highly detailed and covers all aspects of the market, both technically and strategically.

This service gives a comprehensive analysis of the competitive landscape in addition to market accessibility research in APAC. Further segmentation by technology, voltage, and application is also possible should our clients require specific details.

Executive Summary:

With an active increase in Distributed Generation (DERs) and Electric Vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. MV Switchgear market has further complex demand dynamics considering the worldwide distribution grid structure and factors like primary vs secondary switchgear use and equipment preferences (Indoor vs Outdoor).

The APAC region is a significant market for switchgear OEMs as an increase in brownfield and greenfield projects implies a higher growth potential in the forecasted period. As of 2023, in terms of annual unit volume, APAC accounted for 59% of the global MV Air Insulated Switchgear (AIS) market and 35% of the global MV Gas Insulated Switchgear (GIS) market.

The switchgear market (both AIS and GIS) in APAC is forecasted to experience single-digit growth over the next 5 years, after recovering from the Covid-19-induced revenue slump. PTR expects the AIS market to achieve a Compound Annual Growth Rate (CAGR) of 2.1% for primary and 3.6% for secondary topologies, while the GIS market is expected to grow at a CAGR of 2.7% for primary and 4.5% for secondary topologies.

Efforts for grid digitalization can be seen in mature markets. Australia, China, and South Korea are making use of smart meters and digital switchgear while nascent markets have few pilot projects testing out such infrastructure.

Geographical Scope:

1. China
2. India
3. Indonesia
4. Rest of Asia-Pacific

*Please note that other country markets are in our capacity and can be researched on clients' custom requests.

Products Mentioned:

1. AIS Primary/Secondary MV Switchgear 1-12kV
2. AIS Primary/Secondary MV Switchgear 12-17.5kV
3. AIS Primary/Secondary MV Switchgear 17.5-24kV
4. AIS Primary/Secondary MV Switchgear 24-42kV
5. GIS Primary/Secondary MV Switchgear 1-12kV
6. GIS Primary/Secondary MV Switchgear 12-17.5kV
7. GIS Primary/Secondary MV Switchgear 17.5-24kV
8. GIS Primary/Secondary MV Switchgear 24-42kV

Reasons to Purchase:

1. Gain a strategic perspective with a regional dataset of the APAC MV switchgear market, featuring separate broken-out data for three key countries.
2. Gauge the expected growth (CAGR) of MV switchgear markets until 2030, considering the annual market and installed base, In terms of units, and revenue. Understand the key factors driving this growth.
3. Segment the MV switchgear market based on voltage buckets, spanning from 1 kV to <42 kV, and quantify the market size within the Generation, Utilities, and Industry verticals.
4. Explore various scenario forecasts, including High case, Base case, and Low case.
5. Identify crucial policies, regulations, and drivers shaping regional demand for MV switchgear.

Who Should Buy the Report:

1. Marketing Manager
2. Director of Marketing
3. Head of Marketing
4. VP of Marketing
5. Strategic Marketing Director
6. Head of Strategic Marketing
7. Head of Market Intelligence
8. Manager Business Intelligence
9. Strategy Development
10. Director, Strategy Development
11. Commercial Analyst
12. Market Analyst
13. Marketing Analyst
14. Head of Sales
15. Director of Sales

Research Methodology:

The information contained in the report has been gathered through authentic online sources used for secondary research and has been verified through interviews with industry professionals conducted as part of primary research.

1. Executive Summary

2. Region Overview

I. Market Setting
II. Equipment Standards

3. Market Sizing

I. APAC MV Switchgear Market Sizing and Growth Drivers
II. APAC AIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
III. APAC GIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
IV. China AIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
V. China GIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
VI. India AIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
VII. India GIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
VIII. Indonesia AIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments
IX. Indonesia GIS Primary/Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Scenario (Base, High, Low), by Voltage and Comments

4. Competitive Analysis

I. Market Shares
- a) Asia-Pacific
- b) China
- c) India
- d) Indonesia
II. Manufacturing Locations
III. Product Benchmarking
IV. M&A Activity

5. Key Market Trends

I. Digital Switchgear
II. Impact of F-Gas Regulations

List of tables and figures

APAC AIS Primary Market Size (Revenue)
APAC AIS Secondary market Size (Revenue)
APAC GIS Primary Market Size (Revenue)
APAC GIS Secondary market Size (Revenue)
APAC Annual Market by Vertical (Units - 2023)
APAC AIS/GIS OEM Market Shares (2023)
Regional Market Setting
Regional Equipment Standards
APAC AIS/GIS MV Switchgear Annual Market Overview (Units)
APAC AIS/GIS MV Switchgear Annual Market Overview (Vertical)
APAC Primary/Secondary AIS Installed Base Year on Year (Units)
APAC Primary AIS Installed Base Segmentation by Voltage (Units - 2023)
APAC Secondary AIS Installed Base Segmentation by Voltage (Units - 2023)
APAC Primary AIS Installed Base Segmentation by Vertical (Units - 2023)
APAC Secondary AIS Installed Base Segmentation by Vertical (Units - 2023)
APAC Primary/Secondary AIS Annual Market Year on Year (Units)
APAC Primary AIS Annual Market Segmentation by Voltage (Units - 2023)
APAC Secondary AIS Annual Market Segmentation by Voltage (Units - 2023)
APAC Primary AIS Annual Market Segmentation by Vertical (Units - 2023)
APAC Secondary AIS Annual Market Segmentation by Vertical (Units - 2023)
APAC Primary/Secondary AIS Annual Market Year on Year (Revenue)
APAC Primary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
APAC Secondary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
APAC Primary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
APAC Secondary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
APAC Primary/Secondary GIS Installed Base Year on Year (Units)
APAC Primary GIS Installed Base Segmentation by Voltage (Units - 2023)
APAC Secondary GIS Installed Base Segmentation by Voltage (Units - 2023)
APAC Primary GIS Installed Base Segmentation by Vertical (Units - 2023)
APAC Secondary GIS Installed Base Segmentation by Vertical (Units - 2023)
APAC Primary/Secondary GIS Annual Market Year on Year (Units)
APAC Primary GIS Annual Market Segmentation by Voltage (Units - 2023)
APAC Secondary GIS Annual Market Segmentation by Voltage (Units - 2023)
APAC Primary GIS Annual Market Segmentation by Vertical (Units - 2023)
APAC Secondary GIS Annual Market Segmentation by Vertical (Units - 2023)
APAC Primary/Secondary GIS Annual Market Year on Year (Revenue)
APAC Primary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
APAC Secondary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
APAC Primary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
APAC Secondary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
China Primary/Secondary AIS Installed Base Year on Year (Units)
China Primary AIS Installed Base Segmentation by Voltage (Units - 2023)
China Secondary AIS Installed Base Segmentation by Voltage (Units - 2023)
China Primary AIS Installed Base Segmentation by Vertical (Units - 2023)
China Secondary AIS Installed Base Segmentation by Vertical (Units - 2023)
China Primary/Secondary AIS Annual Market Year on Year (Units)
China Primary AIS Annual Market Segmentation by Voltage (Units - 2023)
China Secondary AIS Annual Market Segmentation by Voltage (Units - 2023)
China Primary AIS Annual Market Segmentation by Vertical (Units - 2023)
China Secondary AIS Annual Market Segmentation by Vertical (Units - 2023)
China Primary/Secondary AIS Annual Market Year on Year (Revenue)
China Primary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
China Secondary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
China Primary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
China Secondary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
China Primary/Secondary GIS Installed Base Year on Year (Units)
China Primary GIS Installed Base Segmentation by Voltage (Units - 2023)
China Secondary GIS Installed Base Segmentation by Voltage (Units - 2023)
China Primary GIS Installed Base Segmentation by Vertical (Units - 2023)
China Secondary GIS Installed Base Segmentation by Vertical (Units - 2023)
China Primary/Secondary GIS Annual Market Year on Year (Units)
China Primary GIS Annual Market Segmentation by Voltage (Units - 2023)
China Secondary GIS Annual Market Segmentation by Voltage (Units - 2023)
China Primary GIS Annual Market Segmentation by Vertical (Units - 2023)
China Secondary GIS Annual Market Segmentation by Vertical (Units - 2023)
China Primary/Secondary GIS Annual Market Year on Year (Revenue)
China Primary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
China Secondary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
China Primary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
China Secondary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
India Primary/Secondary AIS Installed Base Year on Year (Units)
India Primary AIS Installed Base Segmentation by Voltage (Units - 2023)
India Secondary AIS Installed Base Segmentation by Voltage (Units - 2023)
India Primary AIS Installed Base Segmentation by Vertical (Units - 2023)
India Secondary AIS Installed Base Segmentation by Vertical (Units - 2023)
India Primary/Secondary AIS Annual Market Year on Year (Units)
India Primary AIS Annual Market Segmentation by Voltage (Units - 2023)
India Secondary AIS Annual Market Segmentation by Voltage (Units - 2023)
India Primary AIS Annual Market Segmentation by Vertical (Units - 2023)
India Secondary AIS Annual Market Segmentation by Vertical (Units - 2023)
India Primary/Secondary AIS Annual Market Year on Year (Revenue)
India Primary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
India Secondary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
India Primary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
India Secondary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
India Primary/Secondary GIS Installed Base Year on Year (Units)
India Primary GIS Installed Base Segmentation by Voltage (Units - 2023)
India Secondary GIS Installed Base Segmentation by Voltage (Units - 2023)
India Primary GIS Installed Base Segmentation by Vertical (Units - 2023)
India Secondary GIS Installed Base Segmentation by Vertical (Units - 2023)
India Primary/Secondary GIS Annual Market Year on Year (Units)
India Primary GIS Annual Market Segmentation by Voltage (Units - 2023)
India Secondary GIS Annual Market Segmentation by Voltage (Units - 2023)
India Primary GIS Annual Market Segmentation by Vertical (Units - 2023)
India Secondary GIS Annual Market Segmentation by Vertical (Units - 2023)
India Primary/Secondary GIS Annual Market Year on Year (Revenue)
India Primary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
India Secondary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
India Primary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
India Secondary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
Indonesia Primary/Secondary AIS Installed Base Year on Year (Units)
Indonesia Primary AIS Installed Base Segmentation by Voltage (Units - 2023)
Indonesia Secondary AIS Installed Base Segmentation by Voltage (Units - 2023)
Indonesia Primary AIS Installed Base Segmentation by Vertical (Units - 2023)
Indonesia Secondary AIS Installed Base Segmentation by Vertical (Units - 2023)
Indonesia Primary/Secondary AIS Annual Market Year on Year (Units)
Indonesia Primary AIS Annual Market Segmentation by Voltage (Units - 2023)
Indonesia Secondary AIS Annual Market Segmentation by Voltage (Units - 2023)
Indonesia Primary AIS Annual Market Segmentation by Vertical (Units - 2023)
Indonesia Secondary AIS Annual Market Segmentation by Vertical (Units - 2023)
Indonesia Primary/Secondary AIS Annual Market Year on Year (Revenue)
Indonesia Primary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
Indonesia Secondary AIS Annual Market Segmentation by Voltage (Revenue - 2023)
Indonesia Primary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
Indonesia Secondary AIS Annual Market Segmentation by Vertical (Revenue - 2023)
Indonesia Primary/Secondary GIS Installed Base Year on Year (Units)
Indonesia Primary GIS Installed Base Segmentation by Voltage (Units - 2023)
Indonesia Secondary GIS Installed Base Segmentation by Voltage (Units - 2023)
Indonesia Primary GIS Installed Base Segmentation by Vertical (Units - 2023)
Indonesia Secondary GIS Installed Base Segmentation by Vertical (Units - 2023)
Indonesia Primary/Secondary GIS Annual Market Year on Year (Units)
Indonesia Primary GIS Annual Market Segmentation by Voltage (Units - 2023)
Indonesia Secondary GIS Annual Market Segmentation by Voltage (Units - 2023)
Indonesia Primary GIS Annual Market Segmentation by Vertical (Units - 2023)
Indonesia Secondary GIS Annual Market Segmentation by Vertical (Units - 2023)
Indonesia Primary/Secondary GIS Annual Market Year on Year (Revenue)
Indonesia Primary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
Indonesia Secondary GIS Annual Market Segmentation by Voltage (Revenue - 2023)
Indonesia Primary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
Indonesia Secondary GIS Annual Market Segmentation by Vertical (Revenue - 2023)
AIS Switchgear Market Shares by Top Suppliers China
GIS Switchgear Market Shares by Top Suppliers China
AIS Switchgear Market Shares by Top Suppliers India
GIS Switchgear Market Shares by Top Suppliers India
AIS Switchgear Market Shares by Top Suppliers Indonesia
GIS Switchgear Market Shares by Top Suppliers Indonesia
AIS Switchgear Market Shares by Top Suppliers APAC
GIS Switchgear Market Shares by Top Suppliers APAC
Manufacturing Locations of Top Suppliers
Competitive Analysis - Product Benchmarking of Top Suppliers
Competitive Analysis - M&A Activity

Air and Gas Insulated Medium Voltage (MV) Switchgear Regional Market Analysis - Asia Pacific