Switchgear Monitoring System Market worth $2.0 Billion by 2023 Switchgear Monitoring System Market $2 Bn by 2023 | Page 2

In this report, the Switchgear Monitoring System Market has been analyzed with respect to 5 regions,
namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. As per the
Indian Electrical and Electronics Manufacturers Association (IEEMA), the electricity generation capacity is
expected to increase from 200 GW in 2010 to over 800 GW by 2032 to fulfil the increasing demand. Thus,
there is a need for a huge investment of approximately USD 300 billion in the next 3 –4 years. Also, India is
undertaking a lot of smart grid and substation projects to fulfill the growing demand for energy. This
would create demand for the switchgear monitoring system in the region.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of
some of the top players in the Switchgear Monitoring System Market. Some of the key players are
Schneider Electric (France), Siemens AG (Germany), ABB (Switzerland), General Electric (US), and Emerson
(US). The leading players are adopting various strategies to increase their shares in the Switchgear
Monitoring System Market.
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