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2023
Switchgear Market

Switchgear Market

by Voltage (Low, Medium, High, Extra High Voltage), by Product Type (Low Voltage Switchgear, Metal Enclosed and Metal Clad, MCCB, Power Circuit Breaker, Medium and High Voltage Switchgear, Fuse), by Insulation (Gas, Air, Oil, Vacuum), by Installation (Indoor, Outdoor), by End Use Industry (Utility, Industrial, Residential, Commercial) and Region: Global Report opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A05214
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Mar 2023 | 4485 Views
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Switchgear Market Outlook-2026

Switchgear is switching device that is designed for protection, metering, regulation & controlling, transmitting & distributing equipment, and electric motor systems for controlling. They are present in large power transformers on both low-voltage and high-voltage sides. They include fuses, circuit breakers, and isolators. The switchgear system is linked to electricity supply system. The main function of switchgear is to protect the system in case of a short circuit and an overload.

The increased consumption of electricity in emerging and developed economies drive the growth of the switchgear market. Technological advancements and automation in switchgears offer wide opportunity for the growth in the switchgear market. However, stringent safety regulations restrain the market growth.

The global switchgear market is segmented into voltage type, product type, insulation, installation, end user, and region. Based on voltage type, the market is divided into low, medium, and high. Product type segment is further classified into Low Voltage Switchgear, metal enclosed & metal clad, MCCB, fuse, power circuit breaker, and Medium & High Voltage Switchgear. Based on insulation, the switchgear market is classified into air, gas, oil, and vacuum. Installation segment is further bifurcated into indoor and outdoor. The end user segment is categorized into utilities, industrial, residential, and commercial. The switchgear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa) region.

The market players operating in the switchgear industry are ABB Ltd., General Electric Company, Schneider Electric S.E., Eaton Corporation plc. Siemens AG, Larsen & Toubro Ltd., Hitachi Ltd., CG Power & Industrial Solutions Limited, Mitsubishi Electric Corporation, and Toshiba Corporation.

KEY BENEFITS FOR STAKEHOLDERS:

  • The switchgear market size has been analyzed across all regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. 
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The market analysis covers in-depth information of major industry participants.

Key Market Segments

Voltage Type

  • Low
  • Medium
  • High

Product Type

  • Low Voltage Switchgear
  • Metal Enclosed & Metal Clad
  • MCCB
  • Fuse
  • Power Circuit Breaker
  • Medium & High Voltage Switchgear

Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Installation
  • Indoor
  • Outdoor

End User

  • Utilities
  • Industrial
  • Residential
  • Commercial

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Players

  • ABB Ltd.
  • General Electric Company
  • Schneider Electric S.E.
  • Eaton Corporation plc
  • Siemens AG
  • Larsen & Toubro Ltd
  • Hitachi Ltd.
  • CG Power & Industrial Solutions Limited
  • Mitsubishi Electric Corporation
  • Toshiba Corporation

Switchgear Market Report Highlights

Aspects Details
Voltage
  • Low
  • Medium
  • High
  • Extra High Voltage
Product Type
  • Low Voltage Switchgear
  • Metal Enclosed and Metal Clad
  • MCCB
  • Power Circuit Breaker
  • Medium and High Voltage Switchgear
  • Fuse
Insulation
  • Gas
  • Air
  • Oil
  • Vacuum
Installation
  • Indoor
  • Outdoor
End Use Industry
  • Utility
  • Industrial
  • Residential
  • Commercial
By Region
  • North America  (UNITED STATES, CANADA, MEXICO)
  • Europe  (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Rest of Europe)
  • Asia-Pacific  (CHINA, JAPAN, INDIA, SOUTH KOREA, Rest of Asia Pacific)
  • LAMEA  (Brazil, South Africa,, Saudi Arabia, Rest of LAMEA)
Key Market Players ABB India Ltd, GE T&D INDIA LTD, Siemens India, BHARAT HEAVY ELECTRICAL LIMITED, LEGRAND INDIA PRIVATE LIMITED, LARSEN & TOUBRO LIMITED, HAVELLS INDIA LTD, SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED, TOSHIBA TRANSMISSION AND DISTRIBUTION SYSTEMS (INDIA) PRIVATE LIMITED, ANCHOR ELECTRICALS PVT LTD
Other Key Market Players Eaton (Ireland).
 

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