USD 89.40 Billion in 2016 to USD |
The switchgear industry is fragmented |
144.41 Billion by 2021, at a CAGR of |
and offers several opportunities for |
10.07 % from 2016 to 2021. Increasing |
consolidation and growth in efficiency |
investments in transmission and |
through an increase in economies of |
distribution network development and |
scale. The industry has low entry and |
growing need for efficient and reliable |
exit barriers. The top players in the |
power are driving the global switchgear |
switchgear market include ABB Ltd. |
market. |
( Switzerland), TE Connectivity |
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Increasing preference for low voltage switchgear of capacity 1 kV
The 1 kV switchgears are used to control power supply and protect low voltage equipment in an electrical circuit. These switchgears are extensively used in commercial, residential, and industrial applications for various purposes; therefore, the demand for low voltage switchgears is in-line with industrial and urban developments, globally.
Transmission & distribution utilities is the largest end-user segment
Switchgears reduce the risk of losing costly instruments and equipment, due to current and voltage fluctuations in the power network systems. They are used for switching the power supply given to the equipment or the circuit during the event of a fault. With increasing electricity access worldwide, the number of substations would increase, which in turn would raise the demand for switchgears.
Asia-Pacific is the dominant market for switchgears
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( Switzerland), Mitsubishi Electric Corporation( Japan), Siemens AG
( Germany), Alstom( France), General
Electric Company( U. S.), Crompton
Greaves Ltd.( India), and Eaton
Corporation( Ireland).
Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share. The scope of the report aids market participants to identify high growth markets and help managing key investment decisions.
The report segments the market on the basis of voltage range – 1 kV, 1 kV – 52 kV and > 52 kV; end-user – transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, and others
( mining, marine, offshore power generation, and transportation); and region – Asia-Pacific, Europe, North
America, South America, and the
Middle East and Africa.
After arriving at the overall market size, the total market has been split into several segments and sub-segments.
The figure below shows the breakdown
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In this report, the switchgear market |
of the primaries on the basis of |
has been analyzed with respect to five |
company type, designation, and region, |
regions, namely, North America, |
conducted during the research study. |
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Europe, Asia-Pacific, South America, and the Middle East and Africa. The
Asia-Pacific region holds the largest market for switchgear, driven largely by the number of transmission and distribution line upgrades and developments in China, India, and the
ASEAN countries. The region would continue to dominate the market during the forecast period, due to strong smart grid initiatives, high investments in transmission and distribution infrastructure upgrade, energy efficiency measures, and renewable projects.
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The original equipment manufacturers of switchgear include ABB Ltd.
( Switzerland), Eaton Corporation
( Ireland), GE( U. S.), Schneider Electric
SE( France), and Mitsubishi Electric
Corporation( Japan) among others. The end-users include United States
National Grid( USNG)( U. S.), State Grid
Corporation of China( SGCC)( China),
Power Grid Corporation of India Ltd.
( PGCIL)( India), Brazilian Electricity
Regulatory Agency( ANEEL)( Brazil), and Tenaga Nasional Berhad( TNB)
( Malaysia) among others.
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