Global HV Switchgear Market

This report estimates the HV Switchgear market in terms of revenue ($Millions). This has been broken down into component regions and is further split into countries.

HV Switchgear is the integral part of the power network system right from generation to transmission & distribution in the power market. Switchgear ensures switching of the equipment and circuits in a power system when there is a condition of fault. The basic function of switchgear is to trip the electric power and to protect the equipment in the event of abnormal conditions such as a short circuit or when the operational parameters vary from the normal. Switchgear comprises of circuit breaker, current transformer, voltage transformer, protection relay, measuring instrument, electrical switch, electrical fuse, miniature circuit breaker, lightening arrestor or surge arrestor, electrical isolator and other associated equipment. Different voltage levels have different fault levels hence various types of switchgear assemblies are offered depending on the type of voltages and applications.

Switchgear is important device at every switching point in the electrical power network system. There are various fault levels in between the generating stations and transmission and distribution centers. Therefore various types of switchgear assembly are required depending upon different voltage levels of the system.

Switchgear device is selected according to their ratings such as high, medium and low voltage rating and according to the system frequency.

The methodology has used secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global Switchgears. The primary sources such as experts and suppliers from the industry have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of this market.

The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), General Electric company (U.S.), Siemens AG (Germany),), Schneider Electric SE (France), and others.

Asia-Pacific leads the market for the HV switchgears globally with biggest market share and is expected to grow with the highest CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the market. There is also a good grid modernization market for the switchgears in the developed regions like North America and Europe.

The report provides a geographical segmentation into various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Moreover, there is an in-depth regional country analysis based on the type and the applications in the market. The country analysis provides the market value based on the revenue and the expenditure in the geographies for the various segments undertaken in the study. This analysis offers market insights based on the voltage applications and end-users of switchgears at country level.