is the grouping of electrically disconnected switches, fuses or circuit breakers that are utilized to regulate, defend and segregate electrical equipment. Switchgears encompass fuses, isolators, and circuit breakers. Fuses are positioned after every disconnection as it acts as a sacrificial device to provide overcurrent protection of high voltage and the low voltage side of large power transformers.
The rising investments in the broadcast and circulation of infrastructure coupled with the growing demand for renewable energy sources are the major factors driving the demand for switchgear across the globe. In terms of market shares medium voltage switchgear market segment dominates the global switchgear market, where as in terms of growth rate low voltage switchgear market is projected to offer double digit CAGR, higher than that of other voltage sub-segments. The global gas insulated switchgear market is expected to show impressive growth in the future. The Global Switchgear market will grow from an estimated $XX billion in 2015 to $XX billion by 2021 with a CAGR of XX% from 2016 to 2021. Growth in switchgears will also be sustained by government directives to replace older redundant systems to achieve operational safety, and security in industrial establishments.
On the basis of product types, switchgear market is broadly categorized as conventional switchgear and modular/integrated switchgear. The conventional switchgear comprises of various components such as transformers, circuit breakers and dis connectors, but is expensive when compared to modular switchgear.The global switchgear market
is classified on the basis of component as Circuit Breaker, Fuses, bus bars, relays and others. The circuit breakers basically refer to the medium in which the breaker opens and closes. A relay is an electrically operated switch. Relays are used where it is necessary to control a circuit by a low-power signal or where several circuits must be controlled by one signal. Fuses are selected to allow passage of normal current plus a marginal percentage and to allow excessive current only for short periods.
Asia-Pacific holds major market share followed by North America & Europe. The highest demand for switchgear comes from the Asia Pacific region, owing to the increasing requirement for high and medium voltage switchgears in this region. This region is expected to grow at a fast pace throughout the forecast period. China alone holds more than XX% of the global Switchgear market. The Europe and North America switchgear markets are estimated to witness significant growth in the medium-voltage switchgear segment due to the growing demand for renewable power generation.Some of the major companies manufacturing switch gears include:
- Siemens AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- Eaton Corporation (Ireland), GE (U.S.)
- ABB Ltd. (Switzerland)
- Schneider Electric SA (France) to name among a few others.
1. Market Overview
2. Executive Summary
3. Switchgear Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis4. Switchgear Market Forces
4.1. Market Drivers
4.2. Market Constraints & Challenges
4.3. Attractiveness of the Switchgear Industry
4.3.1. Power of Suppliers
4.3.2. Threats From New Entrants
4.3.3. Power of Buyer
4.3.4. Threat From Substitute Product
4.3.5. Degree of Competition5. Switchgear Market-Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunity Analysis
5.4. Product Life Cycle
5.5. Suppliers and Distributors 6. Switchgear Market-By Product Type
6.2. Conventional Switchgear
6.3. Modular/Integrated Switchgear
6.4. Others 7. Switchgear Market-By Operating Voltage Level
7.4. High 8. Switchgear Market-By Component
8.2. Circuit Breaker
8.5. Bus Bars
8.6. Others 9. Switchgear Market-By Application
9.6. Others 10. Switchgear Market-By Geography
10.1. North America
10.4. Rest of The World (RoW)
10.4.3. South America11. Switchgear Market Entropy
11.1. New Product Developments
11.2. Product Launches, JVs, Mergers and Acquisitions12. Company Profiles
12.1. The Duchossois Group Inc
12.2. Victory Transformers & Switchgears Ltd.
12.3. Xiamen Minghan Electric Co., Ltd.
12.4. Xian Xd Switchgear Electric Co. Ltd.
12.5. Yueqing Liyond Electric Co., Ltd.
12.6. Zhejiang Chint Electrics Co., Ltd
12.7. Powell Industries, Inc.
12.8. Precision Trans-Elect Industries
12.9. Rockwell Automation
12.10. Schneider Electric Sa
12.11. Nu-Lec Industries
12.12. Ojsc Power Machines
12.14. Midwest Electrical Testing
12.15. NCE Switchgear
12.16. Hyosung Corp
12.17. Intelligent Switchgear Organization Llc.
12.18. IRG Power Systems
12.19. Electro Mechanic Equipment Ltd.
12.20. General Electric Company (Ge)
12.21. Georg Jordan Malaysia Sdn. Bhd.
12.22. Jinan Sinotruck Co.
12.23. Keystone Electrical Manufacturer Co.
12.24. L.C. Switchgear Ltd
12.25. ABB Ltd.
12.26. Acton Electric Inc.
12.27. Adon Technologies
12.29. Beihai Galaxy Switch Devices Co., Ltd.*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
13.1. List of Abbreviations
13.3. Research Methodology
13.4. Expert Insights