Report Code: A05214 | Pages: NA | Mar 2023 | 4485 Views | ||
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Request Now !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.
Switchgear Market Report Highlights
Aspects | Details |
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Voltage |
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Product Type |
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Insulation |
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Installation |
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End Use Industry |
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By Region |
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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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