Switchgear - Global Market Outlook (2017-2023)

Switchgear - Global Market Outlook (2017-2023)

  • Published: September 2017
  • ID: SMRC16712

According to Stratistics MRC,the Global Switchgear Market is accounted for $82.98 billion in 2016 and expected to grow at a CAGR of 7.2% to reach $134.99 billion by 2023. The market is driven by continued growth of construction & developmental activities, increasing access to electricity in developing countries, and growth in renewable power generation. On the other hand, stringent environmental & safety regulations for sf6 switchgears and increasing competition from the unorganized sector of the switchgear market are inhibiting the market growth. Few trends that market is witnessing are upcoming smart cities, aging power infrastructure and HVDC transmission.

The gas insulated switchgear segment led the market and is anticipated to dominate the market during the forecast period due to rising energy demand and extension/replacement of old switchgear at sub-stations. Further, In August 2016, GIL Automations supplied 33kV GIS for operations at the facility of an International Oil Company operating in Nigeria which includes design and fabrication of the 33kV switchgear. Excellent insulating property along with high reliability index will drive the global industry growth. Air insulated switchgear market share will grow moderately. Vacuum insulated Switchgear market will witness strong growth owing to its high impulse to withstand voltages and power frequencies. Pollution and noise free operation along with ease of timing and actuation stimulate the segment demand.

Based on end user, the transmission & distribution utilities segment is projected to grow at the fastest rate. This is due to the increasing investments in sub-station automation, modernization of electric grid, and smart utilities (smart grids and smart meters).  In 2017, Blackstone Group LP declared an investment of USD 100 billion towards the refurbishment of aging infrastructure across the U.S. The investment is backed by the Saudi Arabia Public Investment Fund under the Strategic and Policy Forum.

Medium voltage switchgear market segment dominates the global switchgear market. Rapid growth in industrialization of small and medium scales in developing countries like China, India and Japan is expected to propel demand for medium voltage switchgear market. For instance, in 2016, EverSource Energy declared an investment of about USD 900 million towards refurbishment of transmission networks across the U.S. Power is usually produced at a medium-voltage level and is then stepped up to higher voltage for transportation over longer distance. As the number of generation units increases, the number of medium-voltage switchgears used also rise in generation.

Asia-Pacific market is anticipated to dominate the global market during the forecast period. As such, governments of India and China have introduced various initiatives to improve grid connectivity in remote locations. The presence of a large number of companies, has introduced competitive pricing pressure in the market. Europe and North America markets are expected to contribute significant amount of market share during forecast period due to various factors like need for grid modernization, replacement of old installations and renewable power generation.

The key players in global Switchgear market are ABB Ltd, Alstom Grid, GE, BHEL, Crompton Greaves, Eaton, Hyosung Power and Industrial Systems, Mitsubishi Electric, Schneider Electric, Siemens, Powell Industries Inc. and Xian XD.

Insulations Covered:
• Air
• Oil
• Gas
• Vacuum
• Other Insulations

Voltages Covered:
• Low
• Medium
• High

End Users Covered:
• Commercial and Residential Infrastructure
• Manufacturing and Process Industries
• Transmission & Distribution Utilities 

Currents Covered:
• DC
• AC

Installations Covered:
• Outdoor
• Indoor

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary       
         
2 Preface   
     
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 End User Analysis      
 3.7 Product Analysis      
 3.8 Emerging Markets      
 3.9 Futuristic Market Scenario     
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Switchgear Market, By Insulation      
 5.1 Introduction      
 5.2 Air       
 5.3 Oil       
 5.4 Gas       
 5.5 Vacuum       
 5.6 Other Insulations      
         
6 Global Switchgear Market, By Voltage     
 6.1 Introduction      
 6.2 Low       
 6.3 Medium       
 6.4 High       
         
7 Global Switchgear Market, By End User     
 7.1 Introduction      
 7.2 Commercial and Residential Infrastructure    
 7.3 Manufacturing and Process Industries     
 7.4 Transmission & Distribution Utilities      
         
8 Global Switchgear Market, By Current     
 8.1 Introduction      
 8.2 DC       
 8.3 AC       
         
9 Global Switchgear Market, By Installation    
 9.1 Introduction      
 9.2 Outdoor       
 9.3 Indoor       
         
10 Global Switchgear Market, By Product     
 10.1 Introduction      
 10.2 Conventional Switchgear     
 10.3 Modular/Integrated Switchgear    
         
11 Global Switchgear Market, By Geography    
 11.1 Introduction      
 11.2 North America      
  11.2.1 US      
  11.2.2 Canada      
  11.2.3 Mexico      
 11.3 Europe       
  11.3.1 Germany      
  11.3.2 UK      
  11.3.3 Italy      
  11.3.4 France      
  11.3.5 Spain      
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan      
  11.4.2 China      
  11.4.3 India      
  11.4.4 Australia      
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil      
  11.5.3 Chile      
  11.5.4 Rest of South America    
 11.6 Middle East & Africa     
  11.6.1 Saudi Arabia     
  11.6.2 UAE      
  11.6.3 Qatar      
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa    
         
12 Key Developments       
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers     
 12.3 New Product Launch     
 12.4 Expansions      
 12.5 Other Key Strategies     
         
13 Company Profiling       
 13.1 ABB Ltd       
 13.2 Alstom Grid       
 13.3 GE        
 13.4 BHEL       
 13.5 Crompton Greaves      
 13.6 Eaton       
 13.7 Hyosung Power and Industrial Systems    
 13.8 Mitsubishi Electric      
 13.9 Schneider Electric      
 13.10 Siemens         
 13.11 Powell Industries Inc.     
 13.12 Xian XD       


List of Tables         
1 Global Switchgear Market Outlook, By Region (2014-2023) ($MN)  
2 Global Switchgear Market Outlook, By Insulation (2014-2023) ($MN)  
3 Global Switchgear Market Outlook, By Air (2014-2023) ($MN)   
4 Global Switchgear Market Outlook, By Oil (2014-2023) ($MN)   
5 Global Switchgear Market Outlook, By Gas (2014-2023) ($MN)   
6 Global Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)  
7 Global Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN) 
8 Global Switchgear Market Outlook, By Voltage (2014-2023) ($MN)  
9 Global Switchgear Market Outlook, By Low (2014-2023) ($MN)   
10 Global Switchgear Market Outlook, By Medium (2014-2023) ($MN)  
11 Global Switchgear Market Outlook, By High (2014-2023) ($MN)  
12 Global Switchgear Market Outlook, By End User (2014-2023) ($MN)  
13 Global Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
14 Global Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
15 Global Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
16 Global Switchgear Market Outlook, By Current (2014-2023) ($MN)  
17 Global Switchgear Market Outlook, By DC (2014-2023) ($MN)   
18 Global Switchgear Market Outlook, By AC (2014-2023) ($MN)   
19 Global Switchgear Market Outlook, By Installation (2014-2023) ($MN)  
20 Global Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)  
21 Global Switchgear Market Outlook, By Indoor (2014-2023) ($MN)  
22 Global Switchgear Market Outlook, By Product (2014-2023) ($MN)  
23 Global Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN) 
24 Global Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
25 North America Switchgear Market Outlook, By Country (2014-2023) ($MN) 
26 North America Switchgear Market Outlook, By Insulation (2014-2023) ($MN) 
27 North America Switchgear Market Outlook, By Air (2014-2023) ($MN)  
28 North America Switchgear Market Outlook, By Oil (2014-2023) ($MN)  
29 North America Switchgear Market Outlook, By Gas (2014-2023) ($MN)  
30 North America Switchgear Market Outlook, By Vacuum (2014-2023) ($MN) 
31 North America Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN)
32 North America Switchgear Market Outlook, By Voltage (2014-2023) ($MN) 
33 North America Switchgear Market Outlook, By Low (2014-2023) ($MN)  
34 North America Switchgear Market Outlook, By Medium (2014-2023) ($MN) 
35 North America Switchgear Market Outlook, By High (2014-2023) ($MN)  
36 North America Switchgear Market Outlook, By End User (2014-2023) ($MN) 
37 North America Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
38 North America Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
39 North America Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
40 North America Switchgear Market Outlook, By Current (2014-2023) ($MN) 
41 North America Switchgear Market Outlook, By DC (2014-2023) ($MN)  
42 North America Switchgear Market Outlook, By AC (2014-2023) ($MN)  
43 North America Switchgear Market Outlook, By Installation (2014-2023) ($MN) 
44 North America Switchgear Market Outlook, By Outdoor (2014-2023) ($MN) 
45 North America Switchgear Market Outlook, By Indoor (2014-2023) ($MN)  
46 North America Switchgear Market Outlook, By Product (2014-2023) ($MN) 
47 North America Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
48 North America Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
49 Europe Switchgear Market Outlook, By Country (2014-2023) ($MN)  
50 Europe Switchgear Market Outlook, By Insulation (2014-2023) ($MN)  
51 Europe Switchgear Market Outlook, By Air (2014-2023) ($MN)   
52 Europe Switchgear Market Outlook, By Oil (2014-2023) ($MN)   
53 Europe Switchgear Market Outlook, By Gas (2014-2023) ($MN)   
54 Europe Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)  
55 Europe Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN) 
56 Europe Switchgear Market Outlook, By Voltage (2014-2023) ($MN)  
57 Europe Switchgear Market Outlook, By Low (2014-2023) ($MN)  
58 Europe Switchgear Market Outlook, By Medium (2014-2023) ($MN)  
59 Europe Switchgear Market Outlook, By High (2014-2023) ($MN)  
60 Europe Switchgear Market Outlook, By End User (2014-2023) ($MN)  
61 Europe Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
62 Europe Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
63 Europe Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
64 Europe Switchgear Market Outlook, By Current (2014-2023) ($MN)  
65 Europe Switchgear Market Outlook, By DC (2014-2023) ($MN)   
66 Europe Switchgear Market Outlook, By AC (2014-2023) ($MN)   
67 Europe Switchgear Market Outlook, By Installation (2014-2023) ($MN)  
68 Europe Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)  
69 Europe Switchgear Market Outlook, By Indoor (2014-2023) ($MN)  
70 Europe Switchgear Market Outlook, By Product (2014-2023) ($MN)  
71 Europe Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
72 Europe Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)
73 Asia Pacific Switchgear Market Outlook, By Country (2014-2023) ($MN)  
74 Asia Pacific Switchgear Market Outlook, By Insulation (2014-2023) ($MN)  
75 Asia Pacific Switchgear Market Outlook, By Air (2014-2023) ($MN)  
76 Asia Pacific Switchgear Market Outlook, By Oil (2014-2023) ($MN)  
77 Asia Pacific Switchgear Market Outlook, By Gas (2014-2023) ($MN)  
78 Asia Pacific Switchgear Market Outlook, By Vacuum (2014-2023) ($MN)  
79 Asia Pacific Switchgear Market Outlook, By Other Insulations (2014-2023) ($MN) 
80 Asia Pacific Switchgear Market Outlook, By Voltage (2014-2023) ($MN)  
81 Asia Pacific Switchgear Market Outlook, By Low (2014-2023) ($MN)  
82 Asia Pacific Switchgear Market Outlook, By Medium (2014-2023) ($MN)  
83 Asia Pacific Switchgear Market Outlook, By High (2014-2023) ($MN)  
84 Asia Pacific Switchgear Market Outlook, By End User (2014-2023) ($MN)  
85 Asia Pacific Switchgear Market Outlook, By Commercial and Residential Infrastructure (2014-2023) ($MN)
86 Asia Pacific Switchgear Market Outlook, By Manufacturing and Process Industries (2014-2023) ($MN)
87 Asia Pacific Switchgear Market Outlook, By Transmission & Distribution Utilities (2014-2023) ($MN)
88 Asia Pacific Switchgear Market Outlook, By Current (2014-2023) ($MN)  
89 Asia Pacific Switchgear Market Outlook, By DC (2014-2023) ($MN)  
90 Asia Pacific Switchgear Market Outlook, By AC (2014-2023) ($MN)  
91 Asia Pacific Switchgear Market Outlook, By Installation (2014-2023) ($MN) 
92 Asia Pacific Switchgear Market Outlook, By Outdoor (2014-2023) ($MN)  
93 Asia Pacific Switchgear Market Outlook, By Indoor (2014-2023) ($MN)  
94 Asia Pacific Switchgear Market Outlook, By Product (2014-2023) ($MN)  
95 Asia Pacific Switchgear Market Outlook, By Conventional Switchgear (2014-2023) ($MN)
96 Asia Pacific Switchgear Market Outlook, By Modular/Integrated Switchgear (2014-2023) ($MN)

Note: South America and Middle East & Africa are represented in above manner. 

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