Pad-Mounted Switchgear Market by Type (Air, Gas, Solid Dielectric), Voltage (Up to 15 kV, 15–25 kV, 25–38 kV), Application (Industrial, Commercial, & Residential), Standard (IEC, IEEE), and Region - Global Forecast to 2024
[158 Pages Report] The global pad-mounted switchgear market is projected to reach USD 7.2 billion by 2024 from an estimated market size of USD 5.5 billion in 2019, at a CAGR of 5.4% during the forecast period. The factors driving the market include increasing investments in distribution infrastructure to meet the growing electricity demand along with investments in underground distribution due to functional and aesthetic advantages. For high-priority loads such as commercial and industrial loads, which require high reliability, underground cables with pad-mounted switchgears are used.
The IEC segment is expected to be the largest market during the forecast period
The IEC segment is expected to be the largest pad-mounted switchgear market, by standard, during the forecast period. This dominance can be attributed to the widespread adoption of the standard in Europe. Europe is projected to be the largest market for pad-mounted switchgears during the forecast period. The stringent regulations and requirements to meet network reliability and stability demands are responsible for this increased adoption of IEC standard pad-mounted switchgears.
The solid dielectric segment is expected to be the fastest growing segment in the pad-mounted switchgear market, by type, during the forecast period
The solid dielectric segment is expected to grow at the highest rate during the forecast period.
SF6, the core component of gas insulated switchgears, is a greenhouse gas with global warming potential about 20,000 times more than that of CO2. Many utilities have plans to replace their gas insulated switchgears with alternatives. Solid dielectric switchgears use epoxy as an insulation medium, which is inert and an alternative to SF6. In the US, many utilities such as PG&E have plans in place to carry out the replacement of SF6 equipment. These replacement plans and restrictions on SF6 use are expected to contribute to the growth of the solid dielectric pad-mounted switchgear.
The industrial segment is expected to hold the largest share of the pad-mounted switchgear market during the forecast period
The industrial segment is expected to be the largest pad-mounted switchgear market, by application, during the forecast period. Industrial loads are high-priority loads that face major revenue loss in the event of power loss. The demand for reliable and continuous power supply is driving the utilities to adopt underground distribution systems increasingly. It is likely to drive the demand for pad-mounted switchgears in industrial applications.
Europe is expected to be the largest pad-mounted switchgear market during the forecast period
In this report, the pad-mounted switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa.
Europe is expected to dominate the global market during the forecast period. Underground distribution is the common form of distribution in Europe. Many countries, such as the Netherlands, have 100% of their distribution network underground because of several advantages such as increased reliability and low fault rate. Investments in distribution networks in response to renewables and new load categories such as EVs are expected to contribute to the growth of the pad-mounted switchgear market.
Key Market Players
The major players in the global pad-mounted switchgear market include Eaton (Ireland), Hubbell (US), G&W Electric (US), Federal Pacific (US), S&C Electric (US), ABB (Switzerland), Powell (US), and EEIC (Saudi Arabia).
Eaton (Ireland) is a key player in this market. The company’s recent mergers & acquisitions, as part of its inorganic business strategy, is expected to increase its clientele base globally. Eaton has recently acquired Innovative Switchgear Solutions (US) to strengthen and enhance its switchgear product portfolio in the North American region. In April 2019, the company acquired an 82.2% stake in Ulsoy Elektrik (Turkey), which manufactures medium-voltage switchgears, medium-voltage transformers, and cable systems.
Hubbell (US) is another major player in the pad-mounted switchgear industry. The company is primarily engaged in the design, manufacture, and sale of quality electrical and electronic products for a broad range of residential and nonresidential applications. The company has a strong presence in North America. More than 90% of the company’s revenues come from the US.
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|
Report Metric |
Details |
|
Market size available for years |
2017–2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019–2024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
standard, type, voltage, application, and region |
|
Geographies covered |
Asia Pacific, North America, Europe, South America, and the Middle East & Africa |
|
Companies covered |
Eaton (Ireland), Hubbell (US), Federal Pacific (US), S&C Electric (US), G&W Electric (US), ABB (Switzerland), AZZ (US), Powell (US), Trayer (US), TIEPCO (Saudi Arabia), EEIC (Saudi Arabia), ENTEC (South Korea), and Scott Engineering (US) |
This research report categorizes the market by standard, type, voltage, application, and region.
By Standard:
- IEC
- IEEE
- Other Standards
By Type:
- Air Insulated
- Gas Insulated
- Solid Dielectric
- Others
By Voltage:
- Up to 15 kV
- 15–25 kV
- 25–38 kV
By Application:
- Industrial
- Commercial
- Residential
By Region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
Frequently Asked Questions (FAQ):
Which revolutionary technology trends are expected over the next five years?
- Increasing development in T&D infrastructure
- High reliability of underground distribution systems
- Need for upgrading the aging power infrastructure
- Increasing adoption of distribution automation for ensuring power quality and reliability
- The growing trend of shifting focus on the underground distribution system in developing countries.
Which elements of the pad-mounted switchgear market are expected to lead by 2024?
Gas Insulated pad-mounted switchgear market is expected to lead by 2024 as it has superior dielectric properties when used at moderate pressure for phase-to-phase and phase-to-ground insulation.
Which type of pad-mounted switchgear is likely to get the maximum opportunity to grow during the forecast period?
Gas-insulated pad-mounted switchgear market is likely to get the maximum opportunity to grow during the forecast period as they offer better protection from natural elements such as sandstorms and heavy winds that are prevalent in the region.
Which region is expected to lead with the highest market share by 2024?
The European region is expected to lead with the highest market share by 2024 due to the favorable government policies and initiatives taken to increase the number of transmission and distribution lines.
How are companies implementing organic and inorganic strategies to gain an increase in the market share?
The companies are implementing organic and inorganic strategies to gain an increase in the market share through new product launches and mergers & acquisitions.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
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 Breakdown of Primaries
2.2 Scope
2.3 Market Size Estimation
2.3.1 Demand-Side Analysis
2.3.1.1 Calculation
2.3.1.2 Assumptions
2.3.2 Supply-Side Analysis
2.3.2.1 Calculation
2.3.2.2 Assumptions
2.3.3 Forecast
2.4 Data Triangulation
2.5 Primary Insights
3 Executive Summary (Page No. - 33)
4 Premium Insights (Page No. - 39)
4.1 Attractive Opportunities in the Pad-Mounted Switchgear Market
4.2 Pad-Mounted Switchgear Market, By Standard
4.3 Pad-Mounted Switchgear Market, By Voltage
4.4 Pad-Mounted Switchgear Market, By End-User
4.5 Pad-Mounted Switchgear Market, By Type
4.6 Pad-Mounted Switchgear Market, By Region
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Development in T&D Infrastructure
5.2.1.2 High Reliability of Underground Distribution Systems
5.2.1.3 Need for Upgrading the Aging Power Infrastructure
5.2.1.4 Increasing Adoption of Distribution Automation to Achieve Highly Reliable and Safe Power Transmission
5.2.2 Restraints
5.2.2.1 High Installation Cost Associated With Pad-Mounted Switchgears
5.2.2.2 Fierce Competition From Unorganized Or Fragmented Switchgear Markets
5.2.3 Opportunities
5.2.3.1 Growing Trend of Adopting Underground Distribution Systems in Developing Countries
5.2.3.2 Implementation of Performance-Based Incentive Schemes and Guaranteed Service Programs
5.2.3.3 Stringent Environmental and Safety Regulations Imposed on the Use of Sf6
5.2.4 Challenges
5.2.4.1 Installation of Underground Distribution Systems Faces Challenges in Unplanned Cities
6 Pad-Mounted Switchgear Market, By Application (Page No. - 48)
6.1 Introduction
6.2 Industrial
6.2.1 Growing Investments in Europe and North America are Likely to Drive the Industrial Pad-Mounted Switchgear Industry
6.3 Commercial
6.3.1 Increasing Energy Demand in the Commercial Sector is Expected to Drive the Demand for Pad-Mount Switchgears for Commercial Applications
6.4 Residential
6.4.1 Rising Demand for Reliable Power in Residential Complexes is Driving the Pad-Mounted Switchgear Industry in Residential Applications
7 Pad-Mounted Switchgear Market, By Standard (Page No. - 54)
7.1 Introduction
7.2 International Electrotechnical Commission (IEC)
7.3 Institute of Electrical and Electronics Engineers (IEEE)
7.4 Other Standards
8 Pad-Mounted Switchgear Market, By Type (Page No. - 58)
8.1 Introduction
8.2 Air Insulated
8.2.1 Air Insulated Switchgear Finds Extensive Application in Low Voltage Distribution Networks
8.3 Gas Insulated
8.3.1 Gas Insulated Pad-Mounted Switchgear Segment is Expected to Lead the Market During the Forecast Period
8.4 Solid Dielectric
8.4.1 Restrictions on the Use of Sf6 May Aid the Growth of the Solid Dielectric Switchgear Segment
8.5 Others
9 Pad-Mounted Switchgear Market, By Voltage (Page No. - 65)
9.1 Introduction
9.2 Up to 15 kV
9.2.1 Increasing Demand for Up to 15 kV Pad-Mounted Switchgears in Residential Applications is Expected to Drive the Market
9.3 15–25 kV
9.3.1 Increasing Demand for 15–25 kV Pad-Mounted Switchgears in Feeder and Substation Automation Applications is Likely to Propel the Market
9.4 25–38 kV
9.4.1 Growth in the Industrial and Commercial Sectors is Expected to Boost the Demand for the 25–38 kV Segment
10 Pad-Mounted Switchgear Market, By Region (Page No. - 70)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Type
10.2.2 By Voltage
10.2.3 By Application
10.2.4 By Country
10.2.4.1 China
10.2.4.1.1 Increasing Investment By the Government in the Power Sector is Expected to Drive the Chinese Pad-Mounted Switchgear Industry
10.2.4.2 Australia
10.2.4.2.1 Rising Investment in Renewables, Distribution Infrastructure, and Connectivity Will Drive the Australian Pad-Mounted Switchgear Industry
10.2.4.3 India
10.2.4.3.1 Increasing Urbanization Along With the Government Initiatives to Increase Industrial Infrastructure Will Drive the Market
10.2.4.4 South Korea
10.2.4.4.1 Increase in Consumption of Natural Gas, Nuclear Energy, and Coal in the Power Sector Will Rise the Demand for Pad-Mounted Switchgears
10.3 Europe
10.3.1 By Type
10.3.2 By Voltage
10.3.3 By Application
10.3.4 By Country
10.3.4.1 UK
10.3.4.1.1 Investments in Transmission & Distribution and the Initiatives to Increase Automation of Utilities Will Boost the Market for Pad-Mounted Switchgear
10.3.4.2 Germany
10.3.4.2.1 Government’s Focus on Energy Efficiency Fuels the Growth of the German Pad-Mounted Switchgear Industry
10.3.4.3 France
10.3.4.3.1 Increase in the Renewable Energy Sources in Power Generation Sector Will Drive the Market
10.3.4.4 Rest of Europe
10.3.4.4.1 Increasing Electricity Consumption in Italy Will Increase the Demand for Pad-Mounted Switchgears
10.4 North America
10.4.1 By Type
10.4.2 By Voltage
10.4.3 By Application
10.4.4 By Country
10.4.4.1 US
10.4.4.1.1 Large Planned Capex in Power Generation Infrastructure Will Drive the US Pad-Mounted Switchgear Industry
10.4.4.2 Canada
10.4.4.2.1 Initiatives Towards Upgrading Infrastructure Will Drive the Market
10.4.4.3 Mexico
10.4.4.3.1 Investments in Electric Power Infrastructure and Smart Grid Boost the Mexican Pad-Mounted Switchgear Industry
10.5 Middle East & Africa
10.5.1 By Type
10.5.2 By Voltage
10.5.3 By Application
10.5.4 By Country
10.5.4.1 UAE
10.5.4.1.1 Growing Investments in Renewable Energy Will Increase the Demand for Pad-Mounted Switchgears in the Country
10.5.4.2 Saudi Arabia
10.5.4.2.1 Investments in Power Generation Projects Expected to Drive the Market for Pad-Mounted Switchgears
10.5.4.3 South Africa
10.5.4.3.1 Rising Investments in Power Capacity Addition and Energy Efficiency Will Drive the South African Market
10.5.4.4 Egypt
10.5.4.4.1 Increasing Electricity Demand Will Drive the Market in Egypt
10.5.4.5 Qatar
10.5.4.5.1 Rising Electricity Demand Will Increase the Demand for Pad-Mounted Switchgear
10.6 South America
10.6.1 By Type
10.6.2 By Voltage
10.6.3 By Application
10.6.4 By Country
10.6.4.1 Brazil
10.6.4.1.1 Initiatives to Modernize the Power Infrastructure Will Drive the Market in Brazil
10.6.4.2 Argentina
10.6.4.2.1 Government’s Investments in Renewable Energy Generation Will Increase the Demand for Pad-Mounted Switchgears
10.6.4.3 Rest of South America
10.6.4.3.1 Investments in the Construction Sector and Growth in Electricity Consumption Will Drive the Market
11 Competitive Landscape (Page No. - 113)
11.1 Overview
11.2 Competitive Leadership Mapping (Overall Market)
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Players
11.3 Market Share, 2018
11.4 Competitive Scenario
11.4.1 New Product Launches
11.4.2 Mergers & Acquisitions
11.4.3 Contracts & Agreements
11.4.4 Others
12 Company Profiles (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Eaton
12.2 Hubbell
12.3 G&W Electric
12.4 S&C Electric
12.5 Federal Pacific
12.6 ABB
12.7 Powell
12.8 Electronic & Electrical Industries Corporation
12.9 Trayer Switchgear
12.10 Tiepco
12.11 Entec
12.12 KDM Steel
12.13 Switchgear Power Systems
12.14 Scott Engineering
12.15 Park Detroit
12.16 AZZ
12.17 Beijing Kylin Power & Technology
12.18 Actom
12.19 Ormazabal
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 151)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (102 Tables)
Table 1 Pad-Mounted Switchgear Market, By Standard: Inclusions and Exclusions
Table 2 Market, By Type: Inclusions and Exclusions
Table 3 Market, By Voltage: Inclusions and Exclusions
Table 4 Pad-Mounted Switchgears Market Snapshot
Table 5 Solar and Wind Renewable Energy Targets By Major Countries
Table 6 Performance-Based Incentives Introduced in Some Countries
Table 7 Pad-Mounted Switchgear Market Size, By Application, 2017–2024 (USD Million)
Table 8 Industrial: Market Size, By Country, 2017–2024 (USD Million)
Table 9 Industrial: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Commercial: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Residential: Market Size, By Region, 2017–2024 (USD Million)
Table 12 Market Size, By Standard, 2017–2024 (USD Million)
Table 13 Key Standards Across Major Countries
Table 14 Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 15 Gas Insulated: Market Size, By Country, 2017–2024 (USD Million)
Table 16 Air Insulated: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Gas Insulated: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Solid Dielectric: Market Size, By Region, 2017–2024 (USD Million)
Table 19 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Pad-Mounted Switchgear Market Size, By Voltage, 2017–2024 (USD Million)
Table 21 25–38 kV: Market Size, By Country, 2017–2024 (USD Million)
Table 22 Up to 15 kV: Market Size, By Region, 2017–2024 (USD Million)
Table 23 15–25 kV: Market Size, By Region, 2017–2024 (USD Million)
Table 24 25–38 kV: Market Size, By Region, 2017–2024 (USD Million)
Table 25 Market Size, By Region, 2017–2024 (USD Million)
Table 26 Asia Pacific: Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 27 Asia Pacific: Market Size, By Voltage, 2017–2024 (USD Million)
Table 28 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 29 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 30 China: Market Size, By Voltage, 2017–2024 (USD Million)
Table 31 China: Market Size, By Type, 2017–2024 (USD Million)
Table 32 China: Market Size, By Application, 2017–2024 (USD Million)
Table 33 Australia: Market Size, By Voltage, 2017–2024 (USD Million)
Table 34 Australia: Market Size, By Type, 2017–2024 (USD Million)
Table 35 Australia: Market Size, By Application, 2017–2024 (USD Million)
Table 36 India: Market Size, By Voltage, 2017–2024 (USD Million)
Table 37 India: Market Size, By Type, 2017–2024 (USD Million)
Table 38 India: Market Size, By Application, 2017–2024 (USD Million)
Table 39 South Korea: Market Size, By Voltage, 2017–2024 (USD Million)
Table 40 South Korea: Market Size, By Type, 2017–2024 (USD Million)
Table 41 South Korea: Market Size, By Application, 2017–2024 (USD Million)
Table 42 Europe: Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 43 Europe: Market Size, By Voltage, 2017–2024 (USD Million)
Table 44 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 45 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 46 UK: Market Size, By Voltage, 2017–2024 (USD Million)
Table 47 UK: Market Size, By Type, 2017–2024 (USD Million)
Table 48 UK: Market Size, By Application, 2017–2024 (USD Million)
Table 49 Germany: Market Size, By Voltage, 2017–2024 (USD Million)
Table 50 Germany: Market Size, By Type, 2017–2024 (USD Million)
Table 51 Germany: Market Size, By Application, 2017–2024 (USD Million)
Table 52 France: Market Size, By Voltage, 2017–2024 (USD Million)
Table 53 France: Market Size, By Type, 2017–2024 (USD Million)
Table 54 France: Market Size, By Application, 2017–2024 (USD Million)
Table 55 Rest of Europe: Market Size, By Voltage, 2017–2024 (USD Million)
Table 56 Rest of Europe: Market Size, By Type, 2017–2024 (USD Million)
Table 57 Rest of Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 58 North America: Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 59 North America: Market Size, By Voltage, 2017–2024 (USD Million)
Table 60 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 61 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 62 US: Market Size, By Voltage, 2017–2024 (USD Million)
Table 63 US: Market Size, By Type, 2017–2024 (USD Million)
Table 64 US: Market Size, By Application, 2017–2024 (USD Million)
Table 65 Canada: Market Size, By Voltage, 2017–2024 (USD Million)
Table 66 Canada: Market Size, By Type, 2017–2024 (USD Million)
Table 67 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 68 Mexico: Market Size, By Voltage, 2017–2024 (USD Million)
Table 69 Mexico: Market Size, By Type, 2017–2024 (USD Million)
Table 70 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 71 Middle East & Africa: Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 72 Middle East & Africa: Market Size, By Voltage, 2017–2024 (USD Million)
Table 73 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 74 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 75 UAE: Market Size, By Voltage, 2017–2024 (USD Million)
Table 76 UAE: Market Size, By Type, 2017–2024 (USD Million)
Table 77 UAE: Market Size, By Application, 2017–2024 (USD Million)
Table 78 Saudi Arabia: Market Size, By Voltage, 2017–2024 (USD Million)
Table 79 Saudi Arabia: Market Size, By Type, 2017–2024 (USD Million)
Table 80 Saudi Arabia: Market Size, By Application, 2017–2024 (USD Million)
Table 81 South Africa: Market Size, By Voltage, 2017–2024 (USD Million)
Table 82 South Africa: Market Size, By Type, 2017–2024 (USD Million)
Table 83 South Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 84 Egypt: Market Size, By Voltage, 2017–2024 (USD Million)
Table 85 Egypt: Market Size, By Type, 2017–2024 (USD Million)
Table 86 Egypt: Market Size, By Application, 2017–2024 (USD Million)
Table 87 Qatar: Market Size, By Voltage, 2017–2024 (USD Million)
Table 88 Qatar: Market Size, By Type, 2017–2024 (USD Million)
Table 89 Qatar: Market Size, By Application, 2017–2024 (USD Million)
Table 90 South America: Pad-Mounted Switchgear Market Size, By Type, 2017–2024 (USD Million)
Table 91 South America: Market Size, By Voltage, 2017–2024 (USD Million)
Table 92 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 93 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 94 Brazil: Market Size, By Voltage, 2017–2024 (USD Million)
Table 95 Brazil: Market Size, By Type, 2017–2024 (USD Million)
Table 96 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 97 Argentina: Market Size, By Voltage, 2017–2024 (USD Million)
Table 98 Argentina: Market Size, By Type, 2017–2024 (USD Million)
Table 99 Argentina: Market Size, By Application, 2017–2024 (USD Million)
Table 100 Rest of South America: Market Size, By Voltage, 2017–2024 (USD Million)
Table 101 Rest of South America: Market Size, By Type, 2017–2024 (USD Million)
Table 102 Rest of South America: Market Size, By Application, 2017–2024 (USD Million)
List of Figures (40 Figures)
Figure 1 Pad-Mounted Switchgear Market: Research Design
Figure 2 Main Metrics Considered While Assessing the Demand for Pad-Mounted Switchgears
Figure 3 Market Estimation Methodology for the Global Market From Demand Side
Figure 4 Market Estimation Methodology for the Global Pad-Mounted Switchgear From Supply Side
Figure 5 Data Triangulation Methodology
Figure 6 Key Service Providers’ Point of View
Figure 7 IEC Segment is Expected to Dominate the Market, By Standard, During the Forecast Period
Figure 8 Solid Dielectric Segment is Expected to Grow at the Fastest Rate in the Pad-Mounted Switchgear Market, By Type, During the Forecast Period
Figure 9 Industrial Segment is Expected to Hold the Largest Share in the Market, By Application, During the Forecast Period
Figure 10 25–38 kV Segment is Expected to Hold the Largest Share in the Market, By Voltage, During the Forecast Period
Figure 11 Europe Dominated the Pad-Mounted Switchgear Industry in 2018
Figure 12 Increasing Investments in Distribution Networks and Shift Toward Underground Distribution Systems are Expected to Drive the Pad-Mounted Switchgear Market, 2019–2024
Figure 13 IEC Segment Dominated the Pad-Mounted Switchgear Industry, By Standard, in 2018
Figure 14 25–38 kV Segment Dominated the Pad-Mounted Switchgear Industry, By Voltage, in 2018
Figure 15 Industrial Segment Dominated the Pad-Mounted Switchgear Industry, By End-User, in 2018
Figure 16 Gas Insulated Segment Dominated the Pad-Mounted Switchgear Industry, By Type, in 2018
Figure 17 Pad-Mounted Switchgear Market in Europe is Expected to Be the Largest During the Forecast Period
Figure 18 Pad-Mounted Switchgears Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Pad-Mounted Switchgears Market, By Application, 2018
Figure 20 Pad-Mounted Switchgear, By Standard, 2018
Figure 21 Pad-Mounted Switchgear, By Type, 2018
Figure 22 Pad-Mounted Switchgear, By Voltage, 2018
Figure 23 Regional Snapshot: European Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Pad-Mounted Switchgears Market Share, By Region, 2018
Figure 25 Europe: Regional Snapshot (2018)
Figure 26 North America: Regional Snapshot (2018)
Figure 27 Key Developments in the Pad-Mounted Switchgears Market, 2016–2019
Figure 28 Pad-Mounted Switchgear (Global) Competitive Leadership Mapping, 2018
Figure 29 Eaton Led the Pad-Mounted Switchgear Industry in the World in 2018
Figure 30 North American Pad-Mounted Switchgear: Market Share Analysis, By Key Companies
Figure 31 Eaton: Company Snapshot
Figure 32 Eaton: SWOT Analysis
Figure 33 Hubbell: Company Snapshot
Figure 34 Hubbell: SWOT Analysis
Figure 35 G&W Electric: SWOT Analysis
Figure 36 S&C Electric: SWOT Analysis
Figure 37 Federal Pacific: SWOT Analysis
Figure 38 ABB: Company Snapshot
Figure 39 Powell: Company Snapshot
Figure 40 AZZ: Company Snapshot
This study involved four major activities in estimating the current size of the pad-mounted switchgear market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases such as UNCTAD data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and hydropower journals to identify and collect information useful for a technical, market-oriented, and commercial study of the pad-mounted switchgear market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The pad-mounted switchgear market comprises several stakeholders such as companies related to the utilities, consulting companies in the power distribution sector, government & research organizations, forums, alliances & associations, pad-mount switchgear suppliers, state & national utility authorities, pad-mount switchgear component manufacturers, dealers & suppliers, and vendors. The demand side of the market is characterized by utilities and power distribution companies, investments in underground distribution, and replacement of overhead lines with underground lines. The demand is also driven by the rising interest in reliable power supply demand from consumers. The supply side is characterized by the increase in contracts & agreements 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. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the 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 market.
Report Objectives
- To define, describe, and forecast the global pad-mounted switchgear market on the basis of standard, type, voltage, application, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
- To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Product Analysis
Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players
Growth opportunities and latent adjacency in Pad-Mounted Switchgear Market