Home / Automation & Process Control / Switchgears Market By Voltage (Low, Medium and High Voltage), By End Use (Transmission & Distribution Utilities, Manufacturing & Process Industries, Commercial & Residential Infrastructure) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Switchgears Market By Voltage (Low, Medium and High Voltage), By End Use (Transmission & Distribution Utilities, Manufacturing & Process Industries, Commercial & Residential Infrastructure) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Published: Aug 2017 | Report Code: 58647-08-17

In the field of electrical engineering, an electric switchgear is defined as a combination of devices which include switches, fuses, isolators, circuit breakers, relays, control panels, lightning arrestors, current transformers and potential transformers, among others. The switchgear is typically used to detect faults and disconnects the corrupted section from the circuit to prevent any possible damage to the system. The switchgear equipment is essentially concerned with switching and interrupting currents either under normal or abnormal operating conditions. The use of switchgears, instead of fuse, offers superior benefits such as reliability, certain detection of faulty circuits, quick operation and provision of manual control. Owing to the aforementioned merits switchgears have been extensively used to protect electrical equipment for a variety of electrical end-users.

Switchgear protection plays a vital role in every step of modern day electrical system such as generation, transmission, and distribution. It prevents the loss of expensive electrical equipment from a variety of electrical abnormalities including over current, short circuit and any other faults in the system. Switchgears are available in a wide range, rating, and variety depending on the applications. Apart from power system networks, switchgears are also extensively used for industrial works, industrial projects, domestic and commercial buildings, marine applications and mining, among others. With growing trend of electrical network up-gradation, growing infrastructure for non-conventional energy systems and establishment of smart electric grids, switchgears provide a very crucial aid in the field of electrical system automation. Consequently, the demand for switchgears is expected to grow consistently with the smart grid applications across the globe.

Switchgear Market

The report titled “Switchgear Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global switchgears market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on voltage, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading switchgear manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include ABB Ltd., Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, TE Connectivity Ltd., Toshiba Corporation, Schneider Electric SA, Siemens AG, Hitachi Ltd, Crompton Greaves Ltd., Alstom SA, and Hyundai Heavy Industries Co. Ltd.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the switchgears industry
  • Market fuelers, market impediments, and their impact on the market growth
  • Market inclination insights and key trend analysis for switchgears market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global switchgear market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Switchgears Market Snapshot
2.2. Global Switchgears Market, By Voltage
2.3. Global Switchgears Market, By End-use Industry

3. Global Switchgears Market Analysis
3.1. Global Switchgears Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Switchgears Market Revenue, By Voltage, 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. Low Voltage (Less than 1KV)
4.3. Medium Voltage (From 1KV to 75KV)
4.4. High Voltage (More than 75KV)

5. Global Switchgears Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Transmission and Distribution Utilities
5.3. Manufacturing and Processing Industries
5.4. Commercial and Residential Infrastructures

6. North America Switchgears Market Analysis, 2015 – 2025 (US$ Mn)
6.1. North America Switchgears Market Revenue, By Voltage, 2015 – 2025 (US$ Mn)
6.1.1. Low Voltage (Less than 1KV)
6.1.2. Medium Voltage (From 1KV to 75KV)
6.1.3. High Voltage (More than 75KV)
6.2. North America Switchgears Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
6.2.1. Transmission and Distribution Utilities
6.2.2. Manufacturing and Processing Industries
6.2.3. Commercial and Residential Infrastructures
6.3. North America Switchgears Market Revenue, By Country, 2015 – 2025 (US$ Mn)
6.3.1. U.S.
6.3.2. Rest of North America

7. Europe Switchgears Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Europe Switchgears Market Revenue, By Voltage, 2015 – 2025 (US$ Mn)
7.1.1. Low Voltage (Less than 1KV)
7.1.2. Medium Voltage (From 1KV to 75KV)
7.1.3. High Voltage (More than 75KV)
7.2. Europe Switchgears Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
7.2.1. Transmission and Distribution Utilities
7.2.2. Manufacturing and Processing Industries
7.2.3. Commercial and Residential Infrastructures
7.3. Europe Switchgears Market Revenue, By Region, 2015 – 2025 (US$ Mn)
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Rest of Europe

8. Asia Pacific Switchgears Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Asia Pacific Switchgears Market Revenue, By Voltage, 2015 – 2025 (US$ Mn)
8.1.1. Low Voltage (Less than 1KV)
8.1.2. Medium Voltage (From 1KV to 75KV)
8.1.3. High Voltage (More than 75KV)
8.2. Asia Pacific Switchgears Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
8.2.1. Transmission and Distribution Utilities
8.2.2. Manufacturing and Processing Industries
8.2.3. Commercial and Residential Infrastructures
8.3. Asia Pacific Switchgears Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. Rest of Asia Pacific

9. Rest of World (RoW) Switchgears Market Analysis, 2015 – 2025 (US$ Mn)
9.1. RoW Switchgears Market Revenue, By Voltage, 2015 – 2025 (US$ Mn)
9.1.1. Low Voltage (Less than 1KV)
9.1.2. Medium Voltage (From 1KV to 75KV)
9.1.3. High Voltage (More than 75KV)
9.2. RoW Switchgears Market Revenue, By End-use Industry, 2015 – 2025 (US$ Mn)
9.2.1. Transmission and Distribution Utilities
9.2.2. Manufacturing and Processing Industries
9.2.3. Commercial and Residential Infrastructures
9.3. Rest of World Switchgears Market Revenue, By Region, 2015 – 2025 (US$ Mn)
9.3.1. Latin America
9.3.2. Middle-East and Africa

10. Company Profiles
10.1. ABB Ltd
10.2. Eaton Corporation PLC
10.3. General Electric
10.4. Mitsubishi Electric Corporation
10.5. TE Connectivity Ltd
10.6. Toshiba Corporation
10.7. Schneider Electric SA
10.8. Siemens AG
10.9. Hitachi Ltd
10.10. Crompton Greaves Ltd
10.11. Alstom
10.12. Hyundai Heavy Industries Co. Ltd

List of Tables

TABLE 1 Market Snapshot: Global Switchgears Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 5 North America Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 6 North America Switchgears Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 7 U.S. Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 8 U.S. Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 9 Rest of North America Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 10 Rest of North America Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 11 Europe Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 12 Europe Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 13 Europe Switchgears Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 14 U.K. Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 15 U.K. Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 16 France Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 17 France Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 18 Germany Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 19 Germany Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 20 Rest of Europe Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 21 Rest of Europe Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 22 Asia Pacific Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 23 Asia Pacific Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 24 Asia Pacific Switchgears Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 25 China Switchgears Market Revenue, By Voltage, 2015- 2025 (US$ Mn)
TABLE 26 China Switchgears Market Revenue, By End-use Industry, 2015- 2025 (US$ Mn)
TABLE 27 Japan Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 28 Japan Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 29 India Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 30 India Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 31 Rest of Asia Pacific Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 32 Rest of Asia Pacific Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 33 Rest of World Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 34 Rest of World Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 35 Rest of World Switchgears Market Revenue, By Region, 2015 - 2025 (US$ Mn)
TABLE 36 Latin America Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 37 Latin America Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 38 Middle-East and Africa Switchgears Market Revenue, By Voltage, 2015 - 2025 (US$ Mn)
TABLE 39 Middle-East and Africa Switchgears Market Revenue, By End-use Industry, 2015 - 2025 (US$ Mn)
TABLE 40 ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 41 Eaton Corporation PLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 42 General Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 43 Mitsubishi Electric Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 44 TE Connectivity Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 45 Toshiba Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 46 Schneider Electric SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 47 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 48 Hitachi Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 49 Crompton Greaves Ltd.t: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 50 Alstom SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 51 Hyundai Heavy Industries Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)

List of Figures

FIG. 1 Global Switchgears: Market Segmentation
FIG. 2 Global Switchgears Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Switchgears Market, By Voltage, 2015 (US$ Mn)
FIG. 5 Global Switchgears Market, By End-use Industry, 2015 (US$ Mn)
FIG. 6 Global Switchgears Market, By Geography, 2015 (US$ Mn)
FIG. 7 Global Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Switchgears Market
FIG. 9 Market Positioning of Key Industry Participants, 2015
FIG. 10 Global Switchgears Market Revenue Contribution, By Voltage, 2016 & 2025 (Value %)
FIG. 11 Global Low Voltage Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 12 Global Medium Voltage Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 13 Global High Voltage Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 14 Global Switchgears Market Revenue Contribution, By End-use Industry, 2016 & 2025 (Value %)
FIG. 15 Global Switchgears Market for Transmission & Distribution Utilities Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 16 Global Switchgears Market for Manufacturing & Process Industries Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 17 Global Switchgears Market for Commercial & Residential Infrastructure Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 18 North America Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 19 Europe Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 20 Asia Pacific Switchgears Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 21 RoW Switchgears Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

The global switchgears market is segmented, based on voltage, into following categories:

  • Low Voltage (Less than 1KV)
  • Medium Voltage (1KV to 75KV)
  • High Voltage (Above 75KV)

Switchgear Market

As of 2016, the low voltage switchgear (less than 1KV) segment dominated the overall switchgear market worldwide. Low voltage switchgears are used in a wide array of end-use applications such as commercial, residential, and industrial applications. With consistently growing industrial, commercial and residential infrastructures, the demand for switchgears is also growing in order to protect electric equipment from abnormalities of electric supply.

High voltage switchgear (above 75KV) segment trailed the low voltage segment in terms of revenue, as of 2016. High voltage switchgears are typically used in heavy applications such as power generation units, transmission and distribution utilities. With growing demand for power, the demand for aforementioned infrastructure is also growing persistently. Therefore, the demand for high voltage switchgears for the electricity generation and distribution is also expected to grow consistently throughout the forecast period from 2017 to 2025.

The global switchgears market is segmented, based on end-use industry, into following categories:

  • Transmission & Distribution Utilities
  • Manufacturing & Process Industries
  • Commercial & Residential Infrastructure 

Switchgear Market

As of 2016, the transmission and distribution utility segment dominated the overall switchgears market worldwide. Consistently rising demand for power has encouraged the setup of new power plants, transmission and distribution utilities. Switchgears are extensively used to safeguard equipment and control systems from abnormalities of electricity systems in power plants, transmission and distribution utilities. Furthermore, the switchgears market is expected to grow in proportion with the growing trend of up-gradation and renovation of power transmission and distribution utilities and the introduction of smart grids.

The manufacturing and process industries end-use segment trailed the transmission and distribution utility segment in terms of revenue in the overall switchgears market, as of 2016. Post economic depression in the past, manufacturing and process industries have shown significant growth in the recent years. Switchgears are widely used in manufacturing and processing industries in order to protect electrical devices and circuits from overload, short-circuit and voltage fluctuations, among others. With consistent growth in the manufacturing and processing industries, the switchgears market is expected to witness positive growth in this segment.

The global switchgears market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

Switchgear Market

As of 2016, Asia Pacific dominated the overall switchgears market in terms of revenue as well as in volume. Asia Pacific has been witnessing strong up-gradation in the electrical infrastructures and networking since past few years. With growing demand of electrical energy, new power plants, transmission, and distribution units are being set-up at a brisk pace. In order to provide protection to the expensive equipment in the aforementioned utilities, the demand for switchgears has increased significantly in the region. Furthermore, flourishing manufacturing and processing industries have also uplifted the demand for switchgears in this region. Owing to the aforementioned reasons, Asia Pacific is expected to dominate the overall switchgears market throughout the forecast period during 2017- to 2025.

North America trailed Asia Pacific in the overall switchgears market in terms of revenue and volume. Consistent development of smart grid infrastructures has escalated the demand for the switchgears in North America. Switchgears play a vital role in the development of non-conventional energy generation system by ensuring the safety of other equipment from overloads and voltage fluctuations. In addition, extensive use of switchgears in industrial manufacturing and processing units, commercial and residential infrastructures has also encouraged the growth of switchgears market.

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