HOME Top Market Reports Switchgear Market by Voltage (<1 kV, 1 to 52 kV, and >52 kV), by End-user (Transmission & Distribution Utilities, Manufacturing & Process Industries, and Commercial & Residential Infrastructure), and by Region - Global Trends & Forecast to 2021

Switchgear Market by Voltage (<1 kV, 1 to 52 kV, and >52 kV), by End-user (Transmission & Distribution Utilities, Manufacturing & Process Industries, and Commercial & Residential Infrastructure), and by Region - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: EP 3021

 

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The switchgear market is expected to grow from an estimated USD 89.40 Billion in 2016 to USD 144.41 Billion by 2021, at a CAGR of 10.07% from 2016 to 2021. Increasing investments in transmission & distribution network development and growing need for efficient & reliable power are driving the global switchgear market.

The market, on the basis of end-user, is expected to be dominated by the transmission & distribution utilities segment, followed by manufacturing & process industries and commercial & residential infrastructure respectively. Switchgears are preferred over its substitute fuses as the latter do not provide re-closure function, which is important for setting up the circuit in its normal function. Moreover, switchgears do not require replacement after every disconnection of the circuit due to faults, which is unavoidable in fuses.

The years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

  • Analysis of all operational and upcoming switchgear projects worldwide along with capacity and voltage range
  • Analysis of country-wise rate of electrification for the past 3 years
  • Analysis of grid upgrade and integration across various regions
  • Estimation of installation cost of switchgears in various regions using the cost variance models
  • Estimation of the total market size of switchgears using market engineering process
  • Analyzing market trends in various regions/countries supported by the on-going T&D infrastructure spending in respective regions/countries
  • Overall market size values have been finalized by triangulation with the supply-side data, which include product developments, supply chain, and annual sale of switchgears globally

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

Switchgear Market

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

Market Ecosystem:

The ecosystem of the switchgear market is often divided into in-house and outsourced tasks. In-house activities focus mainly on critical aspects and components of a product, while the required auxiliary parts are usually outsourced. Basic components of switchgears are manufactured in this stage, including contacts and the tripping mechanism. Furthermore, these components are assembled with the required specification in the assembly stage. All parts are configured before the final packaging of the product. The product then comes into the market through the process of distribution, marketing, and sales.

Switchgear Market

The original equipment manufacturers of switchgear include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), GE (U.S.), Schneider Electric SE (France), and Mitsubishi Electric Corporation (Japan) among others. The end-users include United States National Grid (USNG) (U.S.), State Grid Corporation of China (SGCC) (China), Power Grid Corporation of India Ltd. (PGCIL) (India), Brazilian Electricity Regulatory Agency (ANEEL) (Brazil), and Tenaga Nasional Berhad (TNB) (Malaysia) among others.

Target Audience:

  • Switchgear manufacturers, dealers, and suppliers
  • Transmission and distribution utilities
  • State and national regulatory authorities
  • Power generation plants
  • Consulting companies and associations in the energy and power sector
  • Government and research organizations

 “Study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing the efforts and investments”.

Scope of the Report:

  • By Voltage
    • <1 kV
    • 1 kV-52 kV
    • >52 kV
  • By End-User
    • Transmission & Distribution Utilities
    • Manufacturing & Process Industries
    • Commercial & Residential Infrastructure
    • Others including Marine, Mining, Offshore, Transportation, and Power Generation
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Product Analysis

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

Regional Analysis

  • Further breakdown of the Rest of Asia-Pacific switchgear market into South Korea, Malaysia, and Indonesia among others
  • Further breakdown of the Middle East & Africa switchgear market into Iran, Iraq, Qatar, Nigeria, and Algeria among others

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)
    3.1 Introduction
    3.2 Historical Backdrop
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Global Switchgear Market
    4.2 Switchgear Market, By Voltage
    4.3 Asia-Pacific Switchgear Market Size, By Application
    4.4 Switchgear Market, By Region
    4.5 Switchgear Market, By Country
    4.6 Life Cycle Analysis

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Voltage
           5.2.2 By End-User
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Continued Growth of Construction & Developmental Activities
                    5.3.1.2 Increasing Access to Electricity
                    5.3.1.3 Power Plant Modernization & Refurbishment
                    5.3.1.4 Growth in Renewable Power Generation
           5.3.2 Restraints
                    5.3.2.1 Stringent Environmental & Safety Regulations for Sf6 Switchgears
                    5.3.2.2 Increasing Competition From Unorganized Sector of Switchgear Market
           5.3.3 Opportunity
                    5.3.3.1 Adoption of Smart Grid Technology
                    5.3.3.2 Aging Power Infrastructure
                    5.3.3.3 Hvdc Transmission
           5.3.4 Challenges
                    5.3.4.1 Cyber Security
                    5.3.4.2 Price Volatility of Raw Materials

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Switchgear Market, By End-User (Page No. - 47)
    7.1 Introduction
    7.2 Transmission & Distribution Utilities
    7.3 Manufacturing & Process Industries
    7.4 Commercial & Residential Infrastructure
    7.5 Others

8 Switchgear Market, By Voltage (Page No. - 53)
    8.1 Introduction
    8.2 <1 kV
    8.3 1 kV–52 kV
    8.4 >52 kV

9 Switchgear Market, By Region (Page No. - 58)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Russia
           9.3.2 U.K.
           9.3.3 Germany
           9.3.4 France
           9.3.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Australia
           9.4.4 Japan
           9.4.5 Rest of Asia-Pacific
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 Kuwait
           9.6.4 South Africa
           9.6.5 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Contracts & Agreements
     10.4 New Product Developments
     10.5 Expansions
     10.6 Mergers & Acquisitions
     10.7 Joint Ventures

11 Company Profiles (Page No. - 104)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     11.1 Introduction
     11.2 ABB Ltd.
     11.3 Alstom
     11.4 Eaton Corporation PLC
     11.5 General Electric
     11.6 Mitsubishi Electric Corporation
     11.7 NR Electric Co., Ltd.
     11.8 Powell Industries
     11.9 TE Connectivity Ltd.
     11.10 Toshiba Corporation
     11.11 Schneider Electric SA
     11.12 Siemens AG
     11.13 Bharat Heavy Electricals Limited
     11.14 Hitachi Limited
     11.15 Crompton Greaves Limited
     11.16 Hyosung Corporation
     11.17 Hyundai Heavy Industries Co. Ltd.

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 151)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (73 Tables)

Table 1 Access to Electricity in 2013
Table 2 Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 3 Transmission & Distribution Utilities: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 4 Manufacturing & Process Industries: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 5 Commercial & Residential Infrastructure: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 6 Others: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 7 Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 8 <1kV: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 9 1 kV–52 kV: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 10 >52 kV: Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 11 Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 12 North America: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 13 North America: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 14 North America: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 15 U.S.: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 16 U.S.: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 17 Canada: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 18 Canada: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 19 Mexico: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 20 Mexico: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 21 Europe: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 22 Europe: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 23 Europe: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 24 Russia: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 25 Russia: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 26 U.K.: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 27 U.K.: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 28 Germany: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 29 Germany: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 30 France: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 31 France: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 32 Rest of Europe: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 33 Rest of Europe: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 34 Asia-Pacific: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 35 Asia-Pacific: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 36 Asia-Pacific: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 37 China: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 38 China: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 39 India: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 40 India: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 41 Australia: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 42 Australia: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 43 Japan: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 44 Japan: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 45 Rest of Asia-Pacific: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 46 Rest of Asia-Pacific: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 47 South America: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 48 South America: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 49 South America: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 50 Brazil: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 51 Brazil: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 52 Argentina: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 53 Argentina: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 54 Rest of South America: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 55 Rest of South America: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 56 Middle East & Africa: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 57 Middle East & Africa: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 58 Middle East & Africa: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 59 Saudi Arabia: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 60 Saudi Arabia: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 61 UAE: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 62 UAE: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 63 Kuwait: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 64 Kuwait: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 65 South Africa: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 66 South Africa: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 67 Rest of Middle East & Africa: Switchgear Market Size, By Voltage, 2014–2021 (USD Billion)
Table 68 Rest of Middle East & Africa: Switchgear Market Size, By End-User, 2014–2021 (USD Billion)
Table 69 Contracts & Agreements, 2016
Table 70 New Product Launches, 2015–2016
Table 71 Expansions, 2014–2015
Table 72 Mergers & Acquisitions, 2014–2016
Table 73 Joint Ventures, 2014–2015


List of Figures (51 Figures)

Figure 1 Markets Segmentation: Switchgear Market
Figure 2 Switchgear Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Dominated the Global Switchgear Market in 2015
Figure 8 The Transmission & Distribution Utilities Segment is Estimated to Generate the Highest Demand for Switchgears During the Forecast Period
Figure 9 The <1 kV Switchgear Segment is Expected to Hold the Largest Market Size (Value) During the Forecast Period
Figure 10 Increasing Investment in Transmission & Distribution Infrastructure is Expected to Drive the Growth of the Switchgear Market During the Forecast Period
Figure 11 <1 kV Voltage Switchgears are Estimated to Hold the Largest Market Size (Value) During the Forecast Period
Figure 12 The Transmission & Distribution Utilities Segment Held the Maximum Share (Value) in the Asia-Pacific Switchgear Market in 2015
Figure 13 Asia-Pacific is Estimated to Witness the Highest Growth Rate From 2016 to 2021
Figure 14 Developed Countries vs  Developing Countries
Figure 15 The Market in Asia-Pacific is Expected to Witness the Highest Growth During the Forecast Period
Figure 16 Switchgear Market Segmentation
Figure 17 Growth in Renewable Power Generation Drives the Switchgear Market
Figure 18 Value Chain: Major Value Addition Occurs During Manufacturing & Assembly Phases
Figure 19 Porter’s Five Forces Analysis of the Switchgear Market
Figure 20 Transmission & Distribution Utilities Segment is Estimated to Be the Fastest Growing in the Switchgear Market From 2016 to 2021
Figure 21 <1 kV Switchgear Held the Largest Market Share (Value) in 2015
Figure 22 The Switchgear Market in Asia-Pacific is Estimated to Hold the Maximum Share (Value) in 2016
Figure 23 North America Switchgear Market: Regional Snapshot
Figure 24 Asia-Pacific Switchgear Market: Regional Snapshot
Figure 25 Companies Adopted Various Growth Strategies From 2014 to 2016
Figure 26 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted By Top Players, 2014–2016
Figure 27 Market Share Based on Developments: ABB Ltd. (Switzerland) Accounted for the Largest Market Share, 2014–2016
Figure 28 Market Evolution Framework: Contracts & Agreements Supplemented Market Growth, 2014–2016
Figure 29 Region-Wise Mix of Top Players
Figure 30 ABB Ltd.: Company Snapshot
Figure 31 ABB Ltd.: SWOT Analysis
Figure 32 Alstom: Company Snapshot
Figure 33 Eaton Corporation PLC: Company Snapshot
Figure 34 Eaton Corporation PLC: SWOT Analysis
Figure 35 General Electric: Company Snapshot
Figure 36 General Electric: SWOT Analysis
Figure 37 Mitsubishi Electric Corporation: Company Snapshot
Figure 38 Mitsubishi Electric Corporation: SWOT Analysis
Figure 39 Powell Industries: Company Snapshot
Figure 40 TE Connectivity Ltd.: Company Snapshot
Figure 41 Toshiba Corporation: Company Snapshot
Figure 42 Schneider Electric SA: Company Snapshot
Figure 43 Schneider Electric SA: SWOT Analysis
Figure 44 Siemens AG: Company Snapshot
Figure 45 Siemens AG: SWOT Analysis
Figure 46 Bharat Heavy Electricals Limited: Company Snapshot
Figure 47 Hitachi Ltd.: Company Snapshot
Figure 48 Crompton Greaves Limited: Company Snapshot
Figure 49 Crompton Greaves: SWOT Analysis
Figure 50 Hyosung Corporation: Company Snapshot
Figure 51 Hyundai Heavy Industries Co. Ltd.: Company Snapshot

The global switchgear market is projected to reach USD 144.41 Billion by 2021, at a CAGR of 10.07% from 2016 to 2021. This growth can be attributed to the rise in power generation and increasing upgrade of electrical infrastructure, influenced by rising energy demand.

Asia-Pacific holds the major market share, followed by North America & Europe. In terms of individual countries, China dominated the market on account of extensive electrical infrastructure upgradation and new transmission & distribution lines being installed. The country alone held the maximum market share, followed by the U.S. and India. Rapid economic growth in the BRICS member states is expected to be the major driving factor for the growth of the switchgear market in these nations. Switchgears are expected to be used extensively in the new electrical transmission & distribution networks, which are expected to ensure minimum losses and uninterrupted power supply.

Transmission & distribution utilities segment is estimated to hold the major market share as high voltage switchgear are extensively used by them. North America and Europe currently have the market for grid modernization and replacement of old installations. Along with capacity enhancement trending worldwide, investments in offshore wind farms are expected to drive the market.

The global switchgear market has been segmented on the basis of voltage into <1 kV, 1 kV–52 kV, and >52 kV. On the basis of end-use application, the market has been classified into four sections, namely, transmission & distribution utilities, manufacturing & process industries, commercial & residential infrastructure, and others. The others segment includes marine, mining, offshore, power generation, and transportation sectors. On the basis of regional demand, the market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each region has been further studied on the basis of its important country markets.

Switchgear Market

Stringent environmental regulations against the usage of SF6 switchgears, price volatility of raw materials, and intense competition from local players are restraining the growth of the switchgear market. The switchgear industry is very fragmented and offers opportunities for consolidation. This can be seen by the several major M&A activities taking place in the industry, as well as subsidiary formation by big players. There are very few industry leaders disconcerted over the optimal growth strategy for this market. In this industry, most players are global multinational companies.

Rising competition in emerging markets and prevailing local laws in countries such as China, India, and Brazil have led companies to adopt strategies such as partnerships, agreements, and collaborations to increase their market share. The top five companies in the switchgear market include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), GE (U.S.), Siemens AG (Germany), and Schneider Electric SA (France) among others.

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