Pad–Mounted Switchgear Market

Pad–Mounted Switchgear Market by Type (Air, Gas, Solid Dielectric, Others), Voltage (Up to 15 kV, 15-25 kV, 25-38 kV), Application (Industrial, Commercial, & Residential), Standard (IEC, IEEE) and Region - Global Forecast to 2028

Report Code: EP 3869 Apr, 2023, by marketsandmarkets.com

[218 Pages Report] The pad–mounted switchgear market is expected to grow from an estimated USD 5.6 billion in 2023 to USD 7.1 billion by 2028, at a CAGR of 5.1 % during the forecast period. Increasing adoption of underground distribution systems in urban and densely populated areas is common practice. Investments in distribution networks are on the rise in response to the high adoption of renewable energy. The increased investments in distribution networks are expectsed to drive the pad–mounted switchgear market.

Pad–Mounted Switchgear Market

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Pad–Mounted Switchgear Market

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Pad–Mounted Switchgear Market Dynamics

Driver: Increase in global energy consumption

The energy demand worldwide has been rising gradually due to an increase in energy consumption in recent years. According to the International Energy Agency (IEA) Electricity Market Report 2022, after a slight decline in 2020, the world's demand for electricity increased by 6% in 2021. It was the highest percentage growth since 2010 during the financial crisis and the largest annual gain in absolute terms (almost 1,500 TWh). According to China Electricity Council, the power demand increased to 8,673 TWh in 2022 and rose about 3.6% from the previous year. Economic recovery, harsher weather, and a colder-than-average winter led to increased global electricity demand in 2021. This demand was primarily driven by the industrial sector; the commercial, service, and residential sectors also contributed significantly to this demand.

Restraint: High capital investment required for installation and maintenance

Installing advanced switchgear systems requires a high initial investment, which is a major barrier to adopting pad–mounted switchgear systems. The investment includes costs related to installation, procurement, implementation, testing, maintenance, and the commissioning of various field devices (automated voltage regulators, remote fault indicators, smart relays, automated feeder switches/reclosers, automated capacitors, transformer monitors, automated feeder monitors, and remote terminal units (RTUs), besides the installation of intelligent controls to manage the operation of these individual components.

Opportunity:Investments in upgrading and expanding power distribution infrastructure

The increasing energy demand has resulted in the need for stable and reliable transmission and distribution networks. Uninterrupted power can only be assured through a system capable of handling sudden power shorts and drops. Substations in developed nations are modernized to ensure an uninterrupted power supply with minimum losses. This is achieved by replacing the old components with modern and more efficient ones. These upgrades are smart and more protective from overcurrent situations. The rising demand for renewable energy sources and the increasing number of power generation plants drive investments in distribution infrastructure, making the distribution system capable of handling long-distance power flow and minimizing energy losses caused by strong currents. Many countries, such as the US, the UK, China, and India, are significantly investing in modernizing their substations and developing a reliable supply network.

Challenge: High competition from unorganized sector and strict government regulations prohibiting use of SF6 switchgear

Major switchgear manufacturers are exposed to tough competition from the unorganized sector, including local and gray market players supplying cheap, low-quality products. The local players sell goods manufactured in-house with their local brand name, whereas the gray market players import and sell goods by unauthorized dealers. These market players from the unorganized sector overpower big players in terms of price competitiveness and the local supply network they maintain, which is difficult for global players to achieve. The growth in switchgear sales from the gray market deteriorates the brand name of the market leaders if cheap-quality goods are sold under their name. The increasing sales from both local and gray market players reduce the opportunity for global players to increase their revenue (market share).

Pad-Mounted Switchgear Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of Pad-mounted Switchgear Market and components. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include EATON (Ireland), ABB (Switzerland), Hubbell (US), G&W Electric (US), and S&C Electric (US).

Pad–Mounted Switchgear Market  Size, and Share

The industrial segment by  application holds the second largest segment in 2022

The industrial sector comprises manufacturing and process industries, such as oil & gas, mining, chemical & pharmaceutical, steel, food & beverage, automotive, and cement. These industries require a constant power supply and reliable backup power. These industries prefer pad–mounted switchgear systems to avoid power outages and ensure an uninterrupted power supply. The industrial loads are connected to the distribution network at high voltage due to their bulk power requirements. These industries install separate substations for supplying power to their facilities. Industrial substations are installed in areas with hazardous conditions. In the mining and cement industries, switchgear systems are exposed to large volumes of dust and particulate matter. Hence, it is preferable to install pad–mounted switchgear solutions, wherever possible, to protect the components. They protect electrical equipment and components, such as circuit breakers and fuses, and help extend their lifespan. Thus, pad–mounted switchgear systems provide industry personnel with a safe working environment, thereby driving the market growth for industrial applications.

IEC segment by standard is estimated to be the largest segment for pad–mounted switchgear market

The IEC 61439 Standard applies to enclosures for which the rated voltage is under 1,000 VAC (at a frequency under 1,000 Hz) or 1,500 VDC. The standard defines design-verified assemblies (DVA) and eliminates type-tested assemblies (TTA) and partially type-tested assemblies (PTTA). To conform to the standard, type tests have been replaced by a design verification, which can be carried out by three equivalent and alternative methods—testing, calculation and measurement, and application of design rules.

Gas-insulated segment by type is estimated to be the largest segment for pad–mounted switchgear market

Gas-insulated pad–mounted switchgear systems accounted for a 41.1% market share in 2022. They use SF6 gas for insulation. SF6 has superior dielectric properties when used in phase-to-phase and phase-to-ground insulation applications at moderate pressure. In gas-insulated pad–mounted switchgear solutions, circuit breaker interrupters, switches, and fuses are encapsulated with SF6 gas inside grounded metal enclosures. SF6 gas-insulated switchgear solutions are generally used in high-voltage underground distribution networks due to their compact, fully enclosed, and space-saving design.

25–38 kV segment by voltage is estimated to be the largest segment for pad–mounted switchgear market

Pad–mounted switchgear solutions with voltage classes ranging from 25 to 38 kV are designed for large-scale commercial and industrial applications. These switchgear solutions are deployed in primary distribution feeders and substations. The demand for 25 to 38 kV gas-insulated pad–mounted switchgear systems is driven by the increasing investments in improving underground power distribution network infrastructure and the growing inclination toward replacing overhead lines with underground cables. Europe and North America are the key markets for 25–38 kV pad–mounted switchgear solutions owing to the rapid growth of the industrial and commercial sectors in these regions. These sectors require an uninterrupted high-quality power supply.

North America is expected to account for second-largest market size during the forecast period.

North America accounted for a 30.1% share of the pad–mounted switchgear market in 2021. In 2022, North America held the largest share of the pad–mounted switchgear market. It accounted for a 30.1% share, with a market size of USD 1,601 million in 2022. The North American pad–mounted switchgear market, by country, has been segmented into the US, Canada, and Mexico.

The US accounted for approximately 63.4% share of the North American pad–mounted switchgear market. The region has a combined population of almost 530 million and an economy representing more than one-quarter of the world’s GDP. According to the International Monetary Fund (IMF), the North American economy was expected to grow by approximately 5% in 2022. The region has extensive power demands and has seen growing investments in strengthening and modernizing its transmission and distribution utilities. According to the BP Statistical Review of World Energy 2021, this region was the second-largest consumer of energy, accounting for 19.4% of the total energy consumption in the world in 2020. According to the International Energy Agency’s World Energy Investment 2021 report, the utilities in North America invested approximately USD 165 billion in electricity generation and transmission and distribution infrastructure in 2020. The utilities in the region are undergoing a major digital operational transformation and are focusing on decentralization, digitization, and decarbonization of power systems.

Pad–Mounted Switchgear Market  Size, and Share

Key Market Players

The Pad-Mounted Switchgear market is dominated by a few major players that have a wide regional presence. The major players in the pad-mounted switchgear market are Eaton (Ireland), Hubbell (US), G&W Electric (US), S&C Electric (US), and ABB (Switzerland). Between 2018 and 2022, Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the Pad-Mounted Switchgear market.

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Scope of the Report

Report Metric

Details

Market Size available for years

2021–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million)

Segments covered

By Type, By Standard, By Voltage, By Application

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America 

Companies covered

Eaton (Ireland), Hubbell (US), ABB (Switzerland), G&W Electric (US), S&C Electric (US), Powell (US), Federal Pacific (US), Entec Electric & Electronic (South Korea), NOJA Power (Australia), TIEPCO (Saudi Arabia), Ghorit Electricals (China), Ningbo Tianan Group (China), Trayer Switchgear (US), KDM Steel (China), Switchgear Power Systems (US), Park Detroit and Park Electric (US), Beijing Kylin Power & Technology (China), Telawne Power Equipments Pvt. Ltd. (India), Ormazabal (Brazil), and Actom (Boksburg).

This research report categorizes the pad–mounted switchgear market based on type, voltage, standard, application, and region.

By Type
  • Air-insulated
  • Gas-insulated
  • Solid-Dielectric
  • Others
By Application
  • Industrial
  • Commercial
  • Residential
By Voltage
  • Up to 15 kV
  • 15–25 kV
  • 25–38 kV
By Standard
  • IEC
  • IEEE
  • Other Standards
By Region
  • North America
  • Asia Pacific
  • South America
  • Europe
    • Middle East & Africa

Recent Developments

  • In Jan 2023, Eaton collaborated with Rewiring America to help drive residential electrification education, awareness, and action.
  • In Mar 2023, S&C Electric company, a leader in smart and resilient electrical grid solutions, announced the expansion of its US manufacturing footprint with a 275,000-square-foot facility in Palatine, Illinois, approximately 25 miles from S&C’s 47-acre Chicago headquarters and manufacturing campus in Rogers Park. The company employs 3,500 team members globally and more than 2,000 in Chicago, making it the second-largest manufacturer in the city.
  • In January 2021, ABB completed the delivery of medium- and low-voltage digital solutions for the Shanghai Bailonggang Wastewater Treatment Plant expansion project in China. ABB also created a custom power management scheme as part of the project to ensure continuous operations and avoid downtime throughout the facility refurbishment.
  • In August 2022, G&W Electric announced the acquisition of Veneta Isolatori SPA, a leading manufacturer and provider of a wide range of components, to quickly respond to customers’ requests and needs in the market.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD
           TABLE 2 PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE
           TABLE 3 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE
           TABLE 4 PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION
           TABLE 5 PAD-MOUNTED SWITCHGEAR MARKET, BY REGION
    1.4 MARKET SCOPE 
    1.5 MARKET SEGMENTATION 
    1.6 REGIONAL SCOPE 
    1.7 YEARS CONSIDERED 
    1.8 CURRENCY CONSIDERED 
    1.9 LIMITATIONS 
    1.10 STAKEHOLDERS 
    1.11 SUMMARY OF CHANGES 
    1.12 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 1 PAD-MOUNTED SWITCHGEAR MARKET: RESEARCH DESIGN
    2.2 RESEARCH DATA 
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primary interviews
                               FIGURE 2 BREAKDOWN OF PRIMARIES
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 3 PAD-MOUNTED SWITCHGEAR MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 4 PAD-MOUNTED SWITCHGEAR MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE METRICS
                    FIGURE 5 METRICS CONSIDERED FOR ANALYZING DEMAND FOR PAD-MOUNTED SWITCHGEAR
                    2.3.3.1 Assumptions for demand-side analysis
                    2.3.3.2 Calculations for demand-side analysis
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF PAD-MOUNTED SWITCHGEAR SOLUTIONS
                    FIGURE 7 PAD-MOUNTED SWITCHGEAR MARKET: SUPPLY SIDE ANALYSIS
                    2.3.4.1 Supply-side calculation
                    2.3.4.2 Assumptions for supply side
                    2.3.4.3 Assumptions and calculations
    2.4 FORECAST 
    2.5 RECESSION IMPACT: REALISTIC AND PESSIMISTIC SCENARIOS 
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 6 SNAPSHOT OF PAD-MOUNTED SWITCHGEAR MARKET, 2023 VS. 2028 
    FIGURE 8 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, IN 2028 
    FIGURE 9 IEC SEGMENT TO CAPTURE LARGEST SHARE OF PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD, IN 2028 
    FIGURE 10 25–38 KV SEGMENT TO HOLD LARGEST SHARE OF PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, THROUGHOUT FORECAST PERIOD 
    FIGURE 11 SOLID-DIELECTRIC SEGMENT TO EXHIBIT FASTEST GROWTH RATE IN PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, DURING FORECAST PERIOD 
    FIGURE 12 EUROPE ACCOUNTED FOR LARGEST SHARE OF PAD-MOUNTED SWITCHGEAR MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PAD-MOUNTED SWITCHGEAR MARKET 
           FIGURE 13 INCREASING INVESTMENTS IN UPGRADING AND EXPANDING DISTRIBUTION INFRASTRUCTURE TO PROVIDE OPPORTUNITIES FOR PLAYERS IN PAD-MOUNTED SWITCHGEAR MARKET DURING 2023–2026
    4.2 PAD-MOUNTED SWITCHGEAR MARKET IN EUROPE, BY APPLICATION AND COUNTRY 
           FIGURE 14 UK HELD LARGEST SHARE OF EUROPEAN PAD-MOUNTED SWITCHGEAR MARKET IN 2022
    4.3 PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION 
           FIGURE 15 INDUSTRIAL SEGMENT CAPTURED LARGEST SHARE OF GLOBAL PAD-MOUNTED SWITCHGEAR MARKET IN 2022
    4.4 PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE 
           FIGURE 16 15–25 KV SEGMENT HELD MAJOR SHARE OF PAD-MOUNTED SWITCHGEAR MARKET IN 2022
    4.5 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE 
           FIGURE 17 GAS-INSULATED PAD-MOUNTED SWITCHGEAR SOLUTIONS ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.6 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD 
           FIGURE 18 IEEE STANDARD ACCOUNTED FOR LARGEST SHARE OF PAD-MOUNTED SWITCHGEAR MARKET IN 2022
    4.7 PAD-MOUNTED SWITCHGEAR MARKET, BY REGION 
           FIGURE 19 MIDDLE EAST & AFRICA TO RECORD HIGHEST CAGR IN PAD-MOUNTED SWITCHGEAR MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 PAD-MOUNTED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increase in global energy consumption
                               FIGURE 21 TOTAL ELECTRICITY CONSUMPTION (EJ), 2010–2019
                    5.2.1.2 Requirement for improved grid infrastructure
                    5.2.1.3 Installation of underground distribution systems to reduce energy losses and enhance safety
           5.2.2 RESTRAINTS
                    5.2.2.1 High capital investment required for installation and maintenance
                    5.2.2.2 Technical complexities involved in safe operations of pad-mounted switchgear systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Investments in upgrading and expanding power distribution infrastructure
                               TABLE 7 GLOBAL T&D INFRASTRUCTURE EXPANSION AND REFURBISHMENT PLANS
                    5.2.3.2 Focus of governments worldwide on reducing AT&C losses and automating distribution networks
                               TABLE 8 INTRODUCTION OF PERFORMANCE-BASED INCENTIVE PROGRAMS IN ENERGY SECTOR OF KEY COUNTRIES
           5.2.4 CHALLENGES
                    5.2.4.1 High competition from unorganized sector and strict government regulations prohibiting use of SF6 switchgear
                    5.2.4.2 Installation challenges witnessed by unorganized geographies
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 NEW REVENUE POCKETS FOR POWER GRID PROVIDERS
                    FIGURE 22 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN PAD-MOUNTED SWITCHGEAR MARKET
    5.4 ECOSYSTEM MAPPING 
           TABLE 9 COMPANIES AND THEIR ROLE IN POWER GRID ECOSYSTEM
           FIGURE 23 MARKET MAP/ECOSYSTEM
    5.5 VALUE/SUPPLY CHAIN ANALYSIS 
           FIGURE 24 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED BY COMPONENT MANUFACTURERS
           5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.5.2 COMPONENT MANUFACTURERS
           5.5.3 PAD-MOUNTED SWITCHGEAR MANUFACTURERS/ SYSTEM ASSEMBLERS
           5.5.4 DISTRIBUTORS
           5.5.5 END USERS
           5.5.6 POST-SALES SERVICE PROVIDERS
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 DEVELOPMENT OF INTELLIGENT SWITCHGEAR SYSTEMS
           5.6.2 DEVELOPMENT OF ECO-EFFICIENT SWITCHGEAR SOLUTIONS
    5.7 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 10 PAD-MOUNTED SWITCHGEAR MARKET: CONFERENCES AND EVENTS
    5.8 TARIFF AND REGULATORY LANDSCAPE 
           5.8.1 TARIFF DATA FOR LOW- AND HIGH-VOLTAGE PROTECTION EQUIPMENT IMPORTED BY COUNTRIES
                    TABLE 11 IMPORT TARIFF DATA FOR LOW-VOLTAGE PROTECTION EQUIPMENT, BY COUNTRY, 2021
                    TABLE 12 IMPORT TARIFF DATA FOR HIGH-VOLTAGE PROTECTION EQUIPMENT, BY COUNTRY, 2021
    5.9 PAD-MOUNTED SWITCHGEAR: REGULATORY LANDSCAPE 
           TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.1 CODES AND REGULATORY POLICIES RELATED TO PAD-MOUNTED SWITCHGEAR SYSTEMS
                    TABLE 17 PAD-MOUNTED SWITCHGEAR: CODES AND REGULATIONS
    5.10 PATENT ANALYSIS 
           TABLE 18 POWER GRID-RELATED INNOVATIONS AND PATENT REGISTRATIONS
    5.11 TRADE ANALYSIS 
           5.11.1 TRADE ANALYSIS OF DISTRIBUTION APPARATUS (EXCEEDING 1,000 VOLTS) USED IN SWITCHING OR PROTECTING ELECTRICAL CIRCUITS
           5.11.2 IMPORT SCENARIO: HS CODE 853590
                    TABLE 19 IMPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853590, BY COUNTRY, 2019–2021 (USD)
           5.11.3 EXPORT SCENARIO: HS CODE 853590
                    TABLE 20 EXPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853590, BY COUNTRY, 2019–2021 (USD)
           5.11.4 TRADE ANALYSIS FOR POWER GRID APPARATUS (NOT EXCEEDING 1,000 VOLTS) USED IN SWITCHING OR PROTECTING ELECTRICAL CIRCUITS
           5.11.5 IMPORT SCENARIO: HS CODE 853690
                    TABLE 21 IMPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2019–2021 (USD)
           5.11.6 EXPORT SCENARIO: HS CODE 853690
                    TABLE 22 EXPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2019–2021 (USD)
    5.12 CASE STUDY ANALYSIS 
           5.12.1 S&C’S PAD-MOUNTED GEAR PROVIDED SUPERIOR QUALITY AND RELIABILITY REQUIRED BY MUNICIPAL UTILITY
           5.12.2 ELASTIMOLD’S SOLID-DIELECTRIC SWITCHGEAR ADDRESSED CHALLENGES FACED BY FIRSTENERGY DUE TO AGING INFRASTRUCTURE
                    5.12.2.1 Problem statement
                    5.12.2.2 Solution
           5.12.3 UK-BASED NORTHERN POWERGRID COMPANY DEPLOYED ABB’S SF6-FREE SWITCHGEAR TO DECARBONIZE ITS ELECTRICAL NETWORK
                    5.12.3.1 Problem statement
                    5.12.3.2 Solution
           5.12.4 NATIONAL GRID EMPLOYED SF6-FREE HV SUBSTATIONS IN ITS SOUTHEAST ENGLAND NETWORK TO ENSURE RELIABLE ELECTRICITY SUPPLY
                    5.12.4.1 Problem statement
                    5.12.4.2 Solution
                               FIGURE 25 POWERGRID MARKET: PORTER’S FIVE FORCES ANALYSIS
                               TABLE 23 PAD-MOUNTED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.12.5 THREAT OF SUBSTITUTES
           5.12.6 BARGAINING POWER OF SUPPLIERS
           5.12.7 BARGAINING POWER OF BUYERS
           5.12.8 THREAT OF NEW ENTRANTS
           5.12.9 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
    5.14 BUYING CRITERIA 
                    FIGURE 27 BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 25 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.15 PRICING ANALYSIS 
                    FIGURE 28 AVERAGE SELLING PRICE OF DIFFERENT TYPES OF PAD-MOUNTED SWITCHGEAR SYSTEMS OFFERED BY KEY PLAYERS
                    TABLE 26 AVERAGE SELLING PRICE OF PAD-MOUNTED SWITCHGEAR OFFERED BY KEY PLAYERS, BY TYPE (USD)
                    TABLE 27 PRICING ANALYSIS OF DIFFERENT TYPES OF PAD-MOUNTED SWITCHGEAR, BY REGION, 2022 (USD THOUSAND)
                    FIGURE 29 PRICING ANALYSIS, BY REGION
 
6 PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION (Page No. - 91)
    6.1 INTRODUCTION 
           FIGURE 30 PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2022
           TABLE 28 PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    6.2 INDUSTRIAL 
           6.2.1 ADOPTION OF PAD-MOUNTED SWITCHGEAR TO AVOID SHORT CIRCUITS AND POWER OUTAGES DUE TO DUST CONTAMINATION
                    TABLE 29 INDUSTRIAL: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 COMMERCIAL 
           6.3.1 DEPLOYMENT OF PAD-MOUNT SWITCHGEAR TO PREVENT DISRUPTION OF SERVICES DUE TO ELECTRICAL ACCIDENTS
                    TABLE 30 COMMERCIAL: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 RESIDENTIAL 
           6.4.1 IMPLEMENTATION OF PAD-MOUNT SWITCHGEAR IN RESIDENTIAL APPLICATIONS TO SAVE SPACE OCCUPIED BY OVERHEAD INFRASTRUCTURE
                    TABLE 31 RESIDENTIAL: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE (Page No. - 95)
    7.1 INTRODUCTION 
           FIGURE 31 PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2022
           TABLE 32 PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
           7.1.1 UP TO 15 KV
           7.1.2 RISING DEMAND FOR UP TO 15 KV PAD-MOUNTED SWITCHGEAR SOLUTIONS IN RESIDENTIAL APPLICATIONS TO DRIVE MARKET
                    TABLE 33 UP TO 15 KV: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.2 15–25 KV 
           7.2.1 INCREASING ADOPTION OF 15–25 KV PAD-MOUNTED SWITCHGEAR SOLUTIONS IN FEEDER AND SUBSTATION AUTOMATION APPLICATIONS TO PROPEL MARKET
                    TABLE 34 15–25 KV: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 25–38 KV 
           7.3.1 RAPID GROWTH OF INDUSTRIAL AND COMMERCIAL SECTORS IN EUROPE AND NORTH AMERICA TO BOOST SEGMENTAL GROWTH
                    TABLE 35 25–38 KV: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
 
8 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE (Page No. - 99)
    8.1 INTRODUCTION 
           FIGURE 32 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2022
           TABLE 36 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
    8.2 AIR-INSULATED 
           8.2.1 EXTENSIVE APPLICATIONS OF AIR-INSULATED PAD-MOUNTED SWITCHGEAR IN LOW-VOLTAGE DISTRIBUTION NETWORKS
                    TABLE 37 AIR-INSULATED: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.3 GAS-INSULATED 
           8.3.1 SIGNIFICANT IMPLEMENTATION OF GAS-INSULATED PAD-MOUNTED SWITCHGEAR SOLUTIONS IN HIGH-VOLTAGE DISTRIBUTION NETWORKS
                    TABLE 38 GAS-INSULATED: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.4 SOLID-DIELECTRIC 
           8.4.1 RAPID DEPLOYMENT OF SUSTAINABLE AND ENVIRONMENT-FRIENDLY SOLID-DIELECTRIC SWITCHGEAR IN EUROPE
                    TABLE 39 SOLID-DIELECTRIC: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.5 OTHERS 
           TABLE 40 OTHERS: PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
 
9 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD (Page No. - 105)
    9.1 INTRODUCTION 
           FIGURE 33 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD, 2022
           TABLE 41 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD, 2021–2028 (USD MILLION)
    9.2 INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC) 
    9.3 INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS (IEEE) 
    9.4 OTHER STANDARDS 
           TABLE 42 KEY STANDARDS ACROSS MAJOR COUNTRIES
 
10 GLOBAL PAD-MOUNTED SWITCHGEAR MARKET, BY REGION (Page No. - 109)
     10.1 INTRODUCTION 
               FIGURE 34 REGIONAL SNAPSHOT: MIDDLE EASTERN & AFRICAN PAD-MOUNTED SWITCHGEAR MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 35 PAD-MOUNTED SWITCHGEAR MARKET SHARE, BY REGION, 2022
               TABLE 43 PAD-MOUNTED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.2 EUROPE 
               FIGURE 36 EUROPE: MARKET SNAPSHOT
               TABLE 44 EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
               TABLE 45 EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
               TABLE 46 EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
               TABLE 47 EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             10.2.1 UK
                       10.2.1.1 Renewable energy integration in power grids to drive market
                                   TABLE 48 UK: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 49 UK: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 50 UK: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.2.2 GERMANY
                       10.2.2.1 Increasing focus on energy efficiency and grid expansion to fuel market growth
                                   TABLE 51 GERMANY: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 52 GERMANY: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 53 GERMANY: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.2.3 FRANCE
                       10.2.3.1 Improvement in power generation, transmission, and distribution infrastructure to ensure efficiency and security to propel market
                                   TABLE 54 FRANCE: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 55 FRANCE: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 56 FRANCE: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.2.4 REST OF EUROPE
                       TABLE 57 REST OF EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 58 REST OF EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 59 REST OF EUROPE: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.3 NORTH AMERICA 
               FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT
             10.3.1 BY TYPE
                       TABLE 60 NORTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
             10.3.2 BY VOLTAGE
                       TABLE 61 NORTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
             10.3.3 BY APPLICATION
                       TABLE 62 NORTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       TABLE 63 NORTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       10.3.3.1 US
                                   10.3.3.1.1 Strong need to modernize aging power infrastructure to drive demand for pad-mounted switchgear systems
                                                 TABLE 64 US: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                                 TABLE 65 US: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                                 TABLE 66 US: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.3.2 CANADA
                                   10.3.3.2.1 Increasing investment in renewables to support market growth
                                                 TABLE 67 CANADA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                                 TABLE 68 CANADA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                                 TABLE 69 CANADA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                       10.3.3.3 MEXICO
                                   10.3.3.3.1 Adoption of smart grid technology to fuel need for pad-mounted switchgear systems
                                                 TABLE 70 MEXICO: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                                 TABLE 71 MEXICO: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                                 TABLE 72 MEXICO: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.4 ASIA PACIFIC 
               TABLE 73 ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
               TABLE 74 ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
               TABLE 75 ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
               TABLE 76 ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             10.4.1 CHINA
                       10.4.1.1 Increasing investments in clean energy projects to accelerate demand for pad-mounted switchgear
                                   TABLE 77 CHINA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 78 CHINA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 79 CHINA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.4.2 INDIA
                       10.4.2.1 Rising electrification to drive market
                                   TABLE 80 INDIA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 81 INDIA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 82 INDIA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.4.3 AUSTRALIA
                       10.4.3.1 Electrification of Australian railroad network to boost demand for pad-mounted switchgear solutions
                                   TABLE 83 AUSTRALIA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 84 AUSTRALIA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 85 AUSTRALIA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.4.4 SOUTH KOREA
                       10.4.4.1 Rising consumption of natural gas, nuclear energy, and coal in power sector to boost demand for pad-mounted switchgear systems
                                   TABLE 86 SOUTH KOREA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 87 SOUTH KOREA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 88 SOUTH KOREA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.4.5 REST OF ASIA PACIFIC
                       TABLE 89 REST OF ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 90 REST OF ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 91 REST OF ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
               TABLE 92 MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
               TABLE 93 MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
               TABLE 94 MIDDLE EAST & AFRICA: GLOBAL PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
               TABLE 95 MIDDLE EAST & AFRICA: GLOBAL PAD-MOUNTED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             10.5.1 SAUDI ARABIA
                       10.5.1.1 Favorable government policies supporting utilization of renewables for power generation to drive market
                                   TABLE 96 SAUDI ARABIA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 97 SAUDI ARABIA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 98 SAUDI ARABIA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.5.2 UAE
                       10.5.2.1 Government focus on increasing power generation capacity to boost demand for pad-mounted switchgear solutions
                                   TABLE 99 UAE: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 100 UAE: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 101 UAE: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.5.3 SOUTH AFRICA
                       10.5.3.1 Rising investments in power capacity addition and improving energy efficiency to accelerate market growth
                                   TABLE 102 SOUTH AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 103 SOUTH AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 104 SOUTH AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.5.4 EGYPT
                       10.5.4.1 Refurbishment of power plant infrastructure leads to high need for pad-mounted switchgear systems
                                   TABLE 105 EGYPT: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 106 EGYPT: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 107 EGYPT: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.5.5 QATAR
                       10.5.5.1 Increasing energy consumption to support market growth
                                   TABLE 108 QATAR: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 109 QATAR: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 110 QATAR: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.5.6 REST OF MIDDLE EAST & AFRICA
                       TABLE 111 REST OF MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 112 REST OF MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 113 REST OF MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.6 SOUTH AMERICA 
               TABLE 114 SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
               TABLE 115 SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
               TABLE 116 SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
               TABLE 117 SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             10.6.1 BRAZIL
                       10.6.1.1 Increasing share of renewables in energy mix to propel market
                                   TABLE 118 BRAZIL: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 119 BRAZIL: GLOBAL PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 120 BRAZIL: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.6.2 ARGENTINA
                       10.6.2.1 Need for uninterrupted power supply in oil & gas operations to fuel demand for pad-mounted switchgear systems
                                   TABLE 121 ARGENTINA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                   TABLE 122 ARGENTINA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                                   TABLE 123 ARGENTINA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             10.6.3 REST OF SOUTH AMERICA
                       TABLE 124 REST OF SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 125 REST OF SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 126 REST OF SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 151)
     11.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 127 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF PAD-MOUNTED SWITCHGEAR SOLUTIONS
     11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022 
               FIGURE 38 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN PAD-MOUNTED SWITCHGEAR MARKET, 2022
               TABLE 128 PAD-MOUNTED SWITCHGEAR MARKET: DEGREE OF COMPETITION
               FIGURE 39 PAD-MOUNTED SWITCHGEAR MARKET SHARE ANALYSIS, 2022
     11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS 
               FIGURE 40 REVENUE ANALYSIS OF TOP 5 PLAYERS IN PAD-MOUNTED SWITCHGEAR MARKET, 2018–2022
     11.4 COMPANY EVALUATION MATRIX/QUADRANT, 2022 
             11.4.1 STARS
             11.4.2 PERVASIVE PLAYERS
             11.4.3 EMERGING LEADERS
             11.4.4 PARTICIPANTS
                       FIGURE 41 PAD-MOUNTED SWITCHGEAR MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022
     11.5 STARTUPS/SMES EVALUATION QUADRANT 
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
                       FIGURE 42 PAD-MOUNTED SWITCHGEAR MARKET: STARTUPS/SMES EVALUATION QUADRANT, 2022
     11.6 COMPETITIVE BENCHMARKING 
               TABLE 129 PAD-MOUNTED SWITCHGEAR MARKET: LIST OF KEY STARTUPS/SMES
               TABLE 130 PAD-MOUNTED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.7 PAD-MOUNTED SWITCHGEAR MARKET: COMPANY FOOTPRINT 
               TABLE 131 STANDARD: COMPANY FOOTPRINT
               TABLE 132 APPLICATION: COMPANY FOOTPRINT
               TABLE 133 REGION: COMPANY FOOTPRINT
               TABLE 134 COMPANY FOOTPRINT
     11.8 COMPETITIVE SCENARIO 
               TABLE 135 PAD-MOUNTED SWITCHGEAR MARKET: DEALS, MAY 2020–MARCH 2023
               TABLE 136 PAD-MOUNTED SWITCHGEAR MARKET: OTHERS, MAY 2020–MARCH 2023
 
12 COMPANY PROFILES (Page No. - 169)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     12.1 KEY PLAYERS 
             12.1.1 EATON
                       TABLE 137 EATON: BUSINESS OVERVIEW
                       FIGURE 43 EATON: COMPANY SNAPSHOT
                       TABLE 138 EATON: PRODUCTS OFFERED
                       TABLE 139 EATON: DEALS
                       TABLE 140 EATON: OTHERS
             12.1.2 HUBBELL
                       TABLE 141 HUBBELL: BUSINESS OVERVIEW
                       FIGURE 44 HUBBELL: COMPANY SNAPSHOT
                       TABLE 142 HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.3 ABB
                       TABLE 143 ABB: BUSINESS OVERVIEW
                       FIGURE 45 ABB: COMPANY SNAPSHOT
                       TABLE 144 ABB: PRODUCTS OFFERED
                       TABLE 145 ABB: DEALS
                       TABLE 146 ABB: OTHERS
             12.1.4 G&W ELECTRIC
                       TABLE 147 G&W ELECTRIC: BUSINESS OVERVIEW
                       TABLE 148 G&W ELECTRIC: PRODUCTS OFFERED
                       TABLE 149 G&W ELECTRIC: OTHERS
             12.1.5 S&C ELECTRIC
                       TABLE 150 S&C ELECTRIC: BUSINESS OVERVIEW
                       TABLE 151 S&C ELECTRIC: PRODUCTS OFFERED
                       TABLE 152 S&C ELECTRIC: DEALS
             12.1.6 POWELL
                       TABLE 153 POWELL: BUSINESS OVERVIEW
                       FIGURE 46 POWELL: COMPANY SNAPSHOT
                       TABLE 154 POWELL: PRODUCTS OFFERED
             12.1.7 FEDERAL PACIFIC
                       TABLE 155 FEDERAL PACIFIC: BUSINESS OVERVIEW
                       TABLE 156 FEDERAL PACIFIC: PRODUCTS OFFERED
             12.1.8 ENTEC ELECTRIC & ELECTRONIC
                       TABLE 157 ENTEC ELECTRIC & ELECTRONIC: BUSINESS OVERVIEW
                       TABLE 158 ENTEC ELECTRIC & ELECTRONIC: PRODUCTS OFFERED
             12.1.9 NOJA POWER
                       TABLE 159 NOJA POWER: BUSINESS OVERVIEW
                       TABLE 160 NOJA POWER: PRODUCTS OFFERED
                       TABLE 161 NOJA POWER: DEALS
             12.1.10 TIEPCO GROUP
                       TABLE 162 TIEPCO GROUP: BUSINESS OVERVIEW
                       TABLE 163 TIEPCO GROUP: PRODUCTS OFFERED
             12.1.11 GHORIT ELECTRICALS
                       TABLE 164 GHORIT ELECTRICALS: BUSINESS OVERVIEW
                       TABLE 165 GHORIT ELECTRICALS: PRODUCTS OFFERED
             12.1.12 NINGBO TIANAN GROUP
                       TABLE 166 NINGBO TIANAN GROUP: BUSINESS OVERVIEW
                       TABLE 167 NINGBO TIANAN GROUP: PRODUCTS OFFERED
             12.1.13 TRAYER SWITCHGEAR
                       TABLE 168 TRAYER SWITCHGEAR: BUSINESS OVERVIEW
                       TABLE 169 TRAYER SWITCHGEAR: PRODUCTS OFFERED
             12.1.14 KDM STEEL
                       TABLE 170 KDM STEEL: BUSINESS OVERVIEW
                       TABLE 171 KDM STEEL: PRODUCTS OFFERED
             12.1.15 SWITCHGEAR POWER SYSTEMS LLC
                       TABLE 172 SWITCHGEAR POWER SYSTEMS LLC: BUSINESS OVERVIEW
                       TABLE 173 SWITCHGEAR POWER SYSTEMS LLC: PRODUCTS OFFERED
             12.1.16 PARK DETROIT
                       TABLE 174 PARK DETROIT: BUSINESS OVERVIEW
                       TABLE 175 PARK DETROIT: PRODUCTS OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 BEIJING KYLIN POWER & TECHNOLOGY
             12.2.2 TELAWNE POWER EQUIPMENTS PVT. LTD.
             12.2.3 ORMAZABAL
             12.2.4 ACTOM
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 208)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

This study involved major activities in estimating the current size of the pad–mounted switchgear market. Comprehensive secondary research was done to collect information on the market, peer market, and parent market. The next step involved was validation of these findings, assumptions, and market sizing with industry experts across the value chain through primary research. The total market size was estimated through country-wise analysis. Then, the market breakdown and data triangulation were performed to estimate the market size of the segments and sub-segments.

Secondary Research

The secondary research involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global pad–mounted switchgear market. The other secondary sources comprised press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturers, associations, trade directories, and databases. 

Primary Research

The pad–mounted switchgear market comprises several stakeholders, such as product manufacturers, service providers, distributors, and end-users in the supply chain. The demand-side of this market is characterized by industrial end-users. Moreover, the demand is also fueled by the growing demand of underground distribution systems. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Pad–Mounted Switchgear Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • The bottom-up approach has been used to estimate and validate the size of the pad–mounted switchgear market.
  • In this approach, the pad–mounted switchgear production statistics for each product type have been considered at a country and regional level.
  • Extensive secondary and primary research has been carried out to understand the global market scenario for various types of pad–mounted switchgears.
  • Several primary interviews have been conducted with key opinion leaders related to pad–mounted switchgear system development, including key OEMs and Tier I suppliers.
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Paad Mounted Switchgear Market Size: Tow-Down Approach

Pad–Mounted Switchgear Market  Size, and Share

Data Triangulation

The overall market size is estimated using the market size estimation processes as explained above, followed by splitting of the market into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the pad–mounted switchgear market ecosystem.

Market Defenition

A pad-mounted switchgear is a compact unit locked in a steel or aluminum cabinet installed on top of a concrete pad. A switchgear system is a collection of switching and control equipment, such as circuit breakers, load break switches, isolators, and earthing switches used in transmission and distribution systems.

The growth of the pad-mounted switchgear market during the forecast period can be attributed to the planned in the grid infrastructure programs across major countries in North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Key Stakeholders

  • Government Utility Providers
  • Independent Power Producers
  • Pad-mounted switchgear manufacturers
  • Power equipment and garden tool manufacturers
  • Consulting companies in the energy & power sector
  • Distribution utilities
  • Government and research organizations
  • Organizations, forums, and associations
  • Raw material suppliers
  • State and national regulatory authorities
  • Switchgear manufacturers, distributors, and suppliers
  • Switchgear original equipment manufacturers (OEMs)

Objectives of the Study

  • To define, describe, and forecast the size of the pad–mounted switchgear market by type, by application, by voltage, by standard, and region, in terms of value
  • To estimate and forecast the global pad–mounted switchgear market for various segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), South America, Middle East & Africa, in terms of value
  • To provide comprehensive information about the drivers, restraints, opportunities, and industry-specific challenges that affect the market growth
  • To provide a detailed overview of the pad–mounted switchgear value chain, along with industry trends, use cases, security standards, and Porter’s five forces
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments and detail the competitive landscape for market players
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as joint ventures, mergers and acquisitions, contracts, and agreements, and new product launches, in the pad–mounted switchgear market
  • To benchmark players within the market using the proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • This report covers the pad–mounted switchgear market size in terms of value.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
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Report Code
EP 3869
Published ON
Apr, 2023
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