Switchgear Market

Switchgear Market by Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region–Global Forecast to 2025

Report Code: EP 3021 Jul, 2020, by marketsandmarkets.com

[201 Pages Report] The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post-COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging power infrastructure, along with growing investments in renewable energy, is expected to drive the switchgear market.

Switchgear Market

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COVID-19 Impact on the Global Switchgear Market

The ongoing COVID-19 pandemic has impacted the switchgear industry globally. Due to the current scenario, various companies in the power sector across regions have to shut down their manufacturing facilities and services as countries practiced partial or full lockdown strategy to deal with the pandemic. The companies across the region have also suspended or delayed thee major power projects. Furthermore, the COVID-19 pandemic has also impacted the ongoing projects and the entire supply chain of the power industry.

Switchgear Market Dynamics

Driver: Aging power infrastructure

Growing energy demand has resulted in the need for a stable and reliable T&D network. According to the DOE and the North American Electric Reliability Corp., uninterrupted power can only be ensured through a system capable of handling sudden power spikes and drops. The US endures more blackouts than any other developed nation, as the power outages last more than an hour and have increased steadily in the past few years, costing the American businesses about USD 150 billion per year. The main reasons behind the increasing number of blackouts are aging infrastructure, lack of investments, and lack of clear policy to modernize the grid. New regulations to reduce/limit the power blackouts and upgrade the aging power networks across the globe (particularly North America, Europe, and parts of APAC) are creating a market for the entire power sector equipment value chain. Switchgear, with the help of monitoring solutions, alerts the maintenance team when aging and over-used equipment are on the verge of failure and enables them to make smarter decisions by providing real-time data to reveal problems and improvement opportunities.

Restraints: Harsh environmental conditions

The environmental parameters such as temperature and humidity, as well as water seepage out of the ground, are some factors that can affect the efficiency of switchgear electrical networks, especially which are installed outdoor. To ensure the reliable and proper functioning of switchgear within the substation environment, the equipment must meet or exceed the rigorous specifications. Therefore, the environmental condition is a crucial factor that has to be considered before installing electrical devices, which include switchgear.

Opportunities: Execution of performance-based incentive schemes and definite service programs to provide continuous and hassle-free electricity to the end-users

Several government bodies have added a reliability component to performance-based revenue regulations. These regulations have a financial incentive structure that may be one-sided, where distributors may face a penalty for not meeting the standards or two-sided, where distributors can also receive a bonus for their extra work and contribution. Such incentive schemes, above and beyond the tracking of performance against standards, provide regulators with direct control to improve reliability standards. These schemes would drive the use of switchgear to provide continuous and hassle-free services to the end-users.

Challenges: High cost of switchgear

Switchgears isolate electric circuits from the power supply to enable a safe execution of maintenance activities or to clear faults. Energy consumers use switchgear to protect electrical equipment from irregular surges. Because of all these features, the cost of the switchgear is high. A switchgear assembly has two types of components—power-conducting components, such as switches, circuit breakers, fuses, and lightning arrestors, that conduct or interrupt the flow of electrical power and control systems, such as control panels, current transformers, potential transformers, protective relays, and associated circuitry that monitor, control, and protect the power-conducting components. These components make a complete switchgear solution that is complex and expensive. The capital-intensive nature of switchgear could act as a restraint for the growth of its market.

Market Interconnection

Switchgear Market By Interconnection

By insulation, the air insulated switchgear (AIS) segment is expected to make the largest contribution to the switchgear market during the forecast period.

Air insulated switchgear are among the common type of medium-voltage switchgear that are used these days. They are a combination of electrical disconnector switches, circuit breakers, and earth switches that are used to control, isolate, and protect electrical equipment using air as its insulating medium. They are used in transmission & distribution, manufacturing and processing, infrastructure and transportation, oil & gas, and other industries. AISs are relatively cost-effective, pollution-free, simple construction, and easy to maintain than GISs and hence is expected to drive the market.

By installation, the outdoor segment is expected to grow at the fastest rate during the forecast period.

High-voltage switchgear is mainly installed outdoor. These switchgears help enhance the transfer of electricity over long distances and larger loads, thereby providing reliable switching operations. So, the outdoor switchgears find their application in the transmission and sub-transmission sector. Increasing requirements of this equipment for high load transmission are expected to drive the outdoor switchgear market.

By the end-user, the T&D utilities segment is expected to dominate the switchgear market during the forecast period.

The T&D utilities segment is responsible for the power generation, transmission, and distribution of electricity. Electric utilities include investor-owned and publicly owned cooperatives and nationalized entities, which are the major providers of electricity in most of the countries, worldwide. T&D utilities is the largest end-user segment of the switchgear market. T&D utilities include non-renewable and renewable sources of energy to fulfill the demand for electricity. Physical security used in switchgear encompasses a wide range of applications, which require a reliable, high-performance communications network to deliver centralized visibility and reporting.

Asia Pacific is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the switchgear market. Asia Pacific is estimated to be the largest market from 2020 to 2025, driven by the growth in urbanization, especially in China and India. Additionally, the installation of a new substation, along with the upgrade of existing electrical infrastructure, is expected to propel the market in the region during the forecast period.

Switchgear Market By Region

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Key players in the switchgear market

The prominent players in the global switchgear market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US), and Eaton (Ireland).

Scope of the Report:

Report Metric

Details

Market Size available for years

2016–2025

Base Year Considered

2019

Forecast period

2020-2025

Forecast Unit

Value(USD)

Segments covered

By insulation, installation, end-user, voltage, and region

Geographies covered

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

Companies Covered

ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US), and Eaton (Ireland) (Total 20 companies)

The research report categorizes the switchgear market into the following segments and subsegments:

Based on Insulation

  • AIS
  • GIS

Based on the voltage:

  • <1 kV
  • 1-36 kV
  • >36 kV

Based on the end-user:

  • T&D Utilities
  • Industries
  • Commercial & Residential
  • Ohers

By Region

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa

Recent Developments

  • In March 2020, ABB was awarded a contract by El Sewedy Electric T&D to deliver high-voltage gas-insulated switchgear along with shunt reactors to ensure reliable power supply.
  • In February 2020, Schneider Electric expanded its Leeds and Scarborough manufacturing facilities in the UK to meet the growing demand in renewable technology. The Leeds and Scarborough sites are specialized in the production of low-, medium-, and high-voltage switchgear.
  • In January 2020, Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices to become one of the leading players in terms of switchgear production in India.
  • In November 2019, Siemens was awarded a contract by TransnetBW for the retrofit of a large substation as part of grid upgrades. Under the contract, Siemens is required to supply gas-insulated switchgear for the 380 kV Daxlanden substation in Karlsruhe.

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TABLE OF CONTENTS

1 INTRODUCTION (PAGE NO. - 29)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (PAGE NO. - 32)
    2.1 MARKET SIZE ESTIMATION
           2.1.1 IDEAL DEMAND-SIDE ANALYSIS
           TABLE 1 ELECTRICAL EQUIPMENT MARKET SIZE, INVESTMENT IN T&D, AND KEY END-USER GROWTH RATE DETERMINING FACTORS FOR GLOBAL SWITCHGEAR MARKET
                    2.1.1.1 Assumptions
           2.1.2 SUPPLY-SIDE ANALYSIS
                    2.1.2.1 Calculation
           FIGURE 1 SWITCHGEAR MARKET, 2019
           2.1.3 FORECAST
    2.2 INSIGHTS OF INDUSTRY EXPERTS

3 EXECUTIVE SUMMARY (PAGE NO. - 35)
           TABLE 2 SWITCHGEAR MARKET SNAPSHOT
           FIGURE 2 ASIA PACIFIC DOMINATED MARKET IN 2019
           FIGURE 3 AIS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
           FIGURE 4 INDOOR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           FIGURE 5 T&D UTILITIES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           FIGURE 6 HIGH VOLTAGE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (PAGE NO. - 39)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES
           FIGURE 7 DEMAND FOR SAFE AND SECURE ELECTRICAL DISTRIBUTION SYSTEMS DRIVING MARKET, 2020–2025
    4.2 SWITCHGEAR MARKET, BY REGION
           FIGURE 8 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ASIA PACIFIC SWITCHGEAR MARKET, BY VOLTAGE & COUNTRY
           FIGURE 9 HIGH VOLTAGE AND CHINA DOMINATED ASIA PACIFIC MARKET IN 2019
    4.4 SWITCHGEAR MARKET, BY INSULATION
           FIGURE 10 AIS SEGMENT DOMINATED MARKET IN 2019
    4.5 SWITCHGEAR MARKET, BY INSTALLATION
           FIGURE 11 INDOOR SEGMENT, BY INSTALLATION, DOMINATED MARKET IN 2019
    4.6 SWITCHGEAR MARKET, BY END USER
           FIGURE 12 T&D UTILITIES SEGMENT, BY END USER, DOMINATED MARKET, 2019

5 MARKET OVERVIEW (PAGE NO. - 43)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 13 COVID-19’S GLOBAL PROPAGATION
           FIGURE 14 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 15 RECOVERY ROAD FOR 2020 & 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 16 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 17 SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Aging Power Infrastructure
                    5.5.1.2 Growing Investments in Renewable Energy
           TABLE 3 SOLAR AND WIND RENEWABLE ENERGY TARGETS BY MAJOR COUNTRIES
                    5.5.1.3 Reviving Investments in Construction Sector
           5.5.2 RESTRAINTS
                    5.5.2.1 Harsh Environmental Conditions
                    5.5.2.2 Increase in Competition from Unorganized Sector
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Execution of Performance-Based Incentive Schemes and Definite Service Programs to Provide Continuous and Hassle-Free Electricity to End Users
                    5.5.3.2 Adoption of High Voltage Direct Current (HVDC) Technology
           5.5.4 CHALLENGES
                    5.5.4.1 High Cost of Switchgear
                    5.5.4.2 Stringent Environmental and Safety Regulations for Sulfur Hexafluoride (SF6) Switchgears
                    5.5.4.3 Impact of COVID-19
    5.6 SWITCHGEAR: CODES AND REGULATIONS
    5.7 ADJACENT AND INTERCONNECTED MARKETS
           TABLE 4 ADJACENT AND INTERCONNECTED MARKETS (USD BILLION)

6 SWITCHGEAR MARKET, BY INSULATION (PAGE NO. - 59)
    6.1 INTRODUCTION
           FIGURE 18 AIS SEGMENT LED SWITCHGEAR MARKET, BY INSULATION, IN 2019
           TABLE 5 SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD BILLION)
           TABLE 6 PRE COVID-19: MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
           TABLE 7 POST COVID-19: MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
    6.2 GIS
           6.2.1 ASIA PACIFIC—LARGEST GIS MARKET
           TABLE 8 GIS: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 9 POST COVID-19: GIS: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    6.3 AIS
           6.3.1 ASIA PACIFIC TO GROW AT FASTEST CAGR DURING 2019–2024
           TABLE 10 AIS: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 11 POST COVID-19: AIS: SWITCHGEAR MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)

7 SWITCHGEAR MARKET, BY INSTALLATION (PAGE NO. - 64)
    7.1 INTRODUCTION
           FIGURE 19 INDOOR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 12 SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2016–2019 (USD BILLION)
           TABLE 13 PRE COVID-19: MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
           TABLE 14 POST COVID-19: MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
    7.2 INDOOR SWITCHGEAR
           7.2.1 RENEWABLE SECTOR ASSISTING GROWTH OF INDOOR SWITCHGEARS
           TABLE 15 INDOOR: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 16 POST COVID-19: INDOOR: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    7.3 OUTDOOR SWITCHGEAR
           7.3.1 HIGH-VOLTAGE SWITCHGEAR MAINLY INSTALLED OUTDOOR
           TABLE 17 OUTDOOR: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 18 POST COVID-19: OUTDOOR: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)

8 SWITCHGEAR MARKET, BY END USER (PAGE NO. - 69)
    8.1 INTRODUCTION
           FIGURE 20 SWITCHGEAR MARKET, BY END USER, 2018–2025 (USD BILLION)
           TABLE 19 MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
           TABLE 20 PRE COVID-19: MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
           TABLE 21 POST COVID-19: MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
    8.2 T&D UTILITIES
           8.2.1 T&D UTILITIES SEGMENT RESPONSIBLE FOR POWER GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRICITY 71
           TABLE 22 T&D UTILITIES: SWITCHGEAR MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 23 POST COVID-19: T&D UTILITIES: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    8.3 INDUSTRIES
           8.3.1 SWITCHGEAR USED IN VARIOUS INDUSTRIES SUCH AS OIL & GAS, STEEL & ALUMINUM, CHEMICAL, MINING, AND TEXTILE
           TABLE 24 INDUSTRIES: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 25 POST COVID-19: INDUSTRIES: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    8.4 COMMERCIAL & RESIDENTIAL
           8.4.1 DEMAND FOR COMMERCIAL & RESIDENTIAL SWITCHGEARS INCREASING OWING TO INFRASTRUCTURAL DEVELOPMENTS IN COUNTRIES WITH HIGH URBANIZATION RATES
           TABLE 26 COMMERCIAL & RESIDENTIAL: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 27 POST COVID-19: COMMERCIAL & RESIDENTIAL: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    8.5 OTHERS
           8.5.1 OTHERS END-USER SEGMENT INCLUDES POWER GENERATION, TRANSPORTATION, MARINE, AND OFFSHORE APPLICATIONS
           TABLE 28 OTHERS: MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 29 POST COVID-19: OTHERS: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)

9 SWITCHGEAR MARKET, BY VOLTAGE (PAGE NO. - 76)
    9.1 INTRODUCTION
           FIGURE 21 >36 KV SEGMENT TO LEAD SWITCHGEAR MARKET FROM 2020 TO 2025
           TABLE 30 SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
           TABLE 31 PRE COVID-19: MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
           TABLE 32 POST COVID-19: MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
    9.2 <1 KV
           9.2.1 ASIA PACIFIC—LARGEST MARKET FOR <1 KV SWITCHGEAR
           TABLE 33 <1: SWITCHGEAR MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 34 POST COVID-19: <1: SWITCHGEAR MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    9.3 1–36 KV
           9.3.1 INCREASING POWER DISTRIBUTION INFRASTRUCTURE IN APAC DRIVING DEMAND FOR SWITCHGEARS IN THIS SEGMENT
           TABLE 35 1–36 KV: SWITCHGEAR MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 36 POST COVID-19: 1–36 KV: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
    9.4 >36 KV
           9.4.1 RENEWABLE POWER TRANSMISSION AND MEDIUM-VOLTAGE SUB-STATIONS TO DIRECTLY PROPEL DEMAND
           TABLE 37 >36 KV: SWITCHGEAR MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
           TABLE 38 POST COVID-19: >36 KV: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)

10 SWITCHGEAR MARKET, BY REGION (PAGE NO. - 82)
     10.1 INTRODUCTION
             FIGURE 22 REGIONAL SNAPSHOT: ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (POST COVID-19)
             FIGURE 23 SWITCHGEAR MARKET SHARE (VALUE), BY REGION, 2020
             TABLE 39 MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
             TABLE 40 PRE COVID-19: MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
             TABLE 41 POST COVID-19: SWITCHGEAR MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
     10.2 ASIA PACIFIC
             FIGURE 24 ASIA PACIFIC: REGIONAL SNAPSHOT, 2019
             10.2.1 BY INSULATION
             TABLE 42 ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD BILLION)
             TABLE 43 POST COVID-19: ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
             10.2.2 BY INSTALLATION
             TABLE 44 ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2016–2019 (USD BILLION)
             TABLE 45 POST COVID-19: ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
             10.2.3 BY END USER
             TABLE 46 ASIA PACIFIC: MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
             TABLE 47 POST COVID-19:ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
             10.2.4 BY VOLTAGE
             TABLE 48 ASIA PACIFIC: MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
             TABLE 49 POST COVID-19: ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
             10.2.5 BY COUNTRY
             TABLE 50 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (USD BILLION)
             TABLE 51 POST COVID-19: ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2025 (USD BILLION)
                        10.2.5.1 China
                                     10.2.5.1.1 Increasing investments in T&D sector to drive market but COVID-19 to have negative impacts
             TABLE 52 CHINA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 53 POST COVID 19: CHINA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.2.5.2 India
                                     10.2.5.2.1 Rising power generation to drive market but COVID-19 lockdown to have negative impacts
             TABLE 54 INDIA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 55 POST COVID-19: INDIA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.2.5.3 Japan
                                     10.2.5.3.1 Strong emphasis on energy efficiency and security through smart grids to drive market
             TABLE 56 JAPAN: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 57 POST COVID-19: JAPAN: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.2.5.4 Australia
                                     10.2.5.4.1 Rising investment in renewables, distribution infrastructure and connectivity to drive market
             TABLE 58 AUSTRALIA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 59 POST COVID-19: AUSTRALIA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.2.5.5 Rest of Asia Pacific
                                     10.2.5.5.1 Indonesia, Singapore, and Malaysia to lead market
             TABLE 60 REST OF ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 61 POST COVID-19: REST OF ASIA PACIFIC: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
     10.3 NORTH AMERICA
             10.3.1 BY INSULATION
             TABLE 62 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD BILLION)
             TABLE 63 POST COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
             10.3.2 BY INSTALLATION
             TABLE 64 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2016–2019 (USD BILLION)
             TABLE 65 POST COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
             10.3.3 BY END USER
             TABLE 66 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
             TABLE 67 POST COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
             10.3.4 BY VOLTAGE
             TABLE 68 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
             TABLE 69 POST COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
             10.3.5 BY COUNTRY
             TABLE 70 NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2016–2019 (USD BILLION)
             TABLE 71 POST COVID-19: NORTH AMERICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2020–2025 (USD BILLION)
                        10.3.5.1 US
                                     10.3.5.1.1 Upgradation of existing power infrastructure to drive market but COVID-19 to have adverse effects
             TABLE 72 US: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 73 POST COVID-19: US: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.3.5.2 Canada
                                     10.3.5.2.1 Growing demand for replacement of aging electricity infrastructure to drive market
             TABLE 74 CANADA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 75 POST COVID-19: CANADA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.3.5.3 Mexico
                                     10.3.5.3.1 Investments in electric power infrastructure and smart grid created opportunities for market
             TABLE 76 MEXICO: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 77 POST COVID-19: MEXICO: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
     10.4 EUROPE
             FIGURE 25 EUROPE: REGIONAL SNAPSHOT
             10.4.1 BY INSULATION
             TABLE 78 EUROPE: SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD MILLION)
             TABLE 79 POST COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY INSULATION, 2020–2025 (USD MILLION)
             10.4.2 BY INSTALLATION
             TABLE 80 EUROPE: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2016–2019 (USD BILLION)
             TABLE 81 POST COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
             10.4.3 BY END USER
             TABLE 82 EUROPE: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
             TABLE 83 POST COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
             10.4.4 BY VOLTAGE
             TABLE 84 EUROPE: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
             TABLE 85 POST COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
             10.4.5 BY COUNTRY
             TABLE 86 EUROPE: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2016–2019 (USD BILLION)
             TABLE 87 POST COVID-19: EUROPE: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2020–2025 (USD BILLION)
                        10.4.5.1 Germany
                                     10.4.5.1.1 Investments in renewables, government focus on energy efficiency, and replacement opportunity for aging infrastructure contributing to market growth
             TABLE 88 GERMANY: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 89 POST COVID-19: GERMANY: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.4.5.2 UK
                                     10.4.5.2.1 GIS segment to dominate market
             TABLE 90 UK: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 91 POST COVID-19: UK: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.4.5.3 Russia
                                     10.4.5.3.1 Strong investment in T&D infrastructure to drive market
             TABLE 92 RUSSIA: SWITCHGEAR MARKET SIZE, BY END USER, 2017–2024 (USD MILLION)
             TABLE 93 POST COVID-19: RUSSIA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.4.5.4 France
                                     10.4.5.4.1 Utilities segment to dominate market
             TABLE 94 FRANCE: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 95 POST COVID-19: FRANCE: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.4.5.5 Rest of Europe
                                     10.4.5.5.1 Italy and Spain to lead market
             TABLE 96 REST OF EUROPE: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 97 POST COVID-19: REST OF EUROPE: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             10.5.1 BY INSULATION
             TABLE 98 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD BILLION)
             TABLE 99 POST COVID-19: MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
             10.5.2 BY INSTALLATION
             TABLE 100 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2016–2019 (USD BILLION)
             TABLE 101 POST COVID-19: MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2020–2025 (USD BILLION)
             10.5.3 BY END USER
             TABLE 102 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
             TABLE 103 POST COVID-19: MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
             10.5.4 BY VOLTAGE
             TABLE 104 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
             TABLE 105 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
             10.5.5 BY COUNTRY
             TABLE 106 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2016–2019 (USD BILLION)
             TABLE 107 POST COVID-19: MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2020–2025 (USD BILLION)
                        10.5.5.1 Saudi Arabia
                                     10.5.5.1.1 Growing investments in power generation projects to increase demand
             TABLE 108 SAUDI ARABIA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 109 POST COVID-19: SAUDI ARABIA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.5.5.2 UAE
                                     10.5.5.2.1 T&D utilities segment to dominate market
             TABLE 110 UAE: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 111 POST COVID-19: UAE: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.5.5.3 Kuwait
                                     10.5.5.3.1 Strong investment in power generation and distribution to drive market
             TABLE 112 KUWAIT: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 113 POST COVID-19: KUWAIT: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.5.5.4 South Africa
                                     10.5.5.4.1 Rising investment in power capacity addition and energy efficiency will drive the South African switchgear market
             TABLE 114 SOUTH AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 115 POST COVID-19: SOUTH AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.5.5.5 Rest of Middle East & Africa
                                     10.5.5.5.1 Qatar, Nigeria, and Algeria to drive market
             TABLE 116 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 117 POST COVID-19: REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
     10.6 SOUTH AMERICA
             10.6.1 BY INSULATION
             TABLE 118 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2016–2019 (USD BILLION)
             TABLE 119 POST COVID-19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSULATION, 2020–2025 (USD BILLION)
             10.6.2 BY INSTALLATION
             TABLE 120 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION 2016–2019 (USD BILLION)
             TABLE 121 POST COVID-19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY INSTALLATION 2016–2019 (USD BILLION)
             10.6.3 BY END USER
             TABLE 122 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD BILLION)
             TABLE 123 POST COVID19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD BILLION)
             10.6.4 BY VOLTAGE
             TABLE 124 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016–2019 (USD BILLION)
             TABLE 125 POST COVID-19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2020–2025 (USD BILLION)
             10.6.5 BY COUNTRY
             TABLE 126 SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2016–2019 (USD BILLION)
             TABLE 127 POST COVID-19: SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY COUNTRY, 2020–2025 (USD BILLION)
                        10.6.5.1 Brazil
                                     10.6.5.1.1 Modernization of power infrastructure to drive market
             TABLE 128 BRAZIL: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 129 POST COVID-19: BRAZIL: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.6.5.2 Argentina
                                     10.6.5.2.1 T&D utilities segment to dominate market
             TABLE 130 ARGENTINA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 131 POST COVID-19: ARGENTINA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)
                        10.6.5.3 Rest of South America
                                     10.6.5.3.1 Ecuador, Bolivia, Uruguay, and Chile to lead market
             TABLE 132 REST OF SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
             TABLE 133 POST COVID-19: REST OF SOUTH AMERICA: SWITCHGEAR MARKET SIZE, BY END USER, 2020–2025 (USD MILLION)

11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (PAGE NO. - 129)
     11.1 OVERVIEW
     11.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
             11.2.1 STARS
             11.2.2 EMERGING LEADERS
             11.2.3 PERVASIVE
             11.2.4 EMERGING COMPANIES
             FIGURE 26 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
             FIGURE 27 COMPETITIVE LEADERSHIP MAPPING (START-UP/SMSE)
     11.3 MARKET SHARE ANALYSIS, 2019
             FIGURE 28 MARKET SHARE ANALYSIS, 2019
     11.4 COMPETITIVE SCENARIO
             11.4.1 NEW PRODUCT LAUNCHES
             11.4.2 MERGERS & ACQUISITIONS
             11.4.3 CONTRACTS & AGREEMENTS
             11.4.4 INVESTMENTS & EXPANSIONS
             11.4.5 OTHERS

12 COMPANY PROFILES (PAGE NO. - 137)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 ABB
             FIGURE 29 ABB: COMPANY SNAPSHOT
             FIGURE 30 ABB: SWOT ANALYSIS
     12.2 CG POWER AND INDUSTRIAL SOLUTIONS
             FIGURE 31 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
     12.3 HITACHI
             FIGURE 32 HITACHI: COMPANY SNAPSHOT
     12.4 HYUNDAI
             FIGURE 33 HYUNDAI: COMPANY SNAPSHOT
     12.5 SCHNEIDER
             FIGURE 34 SCHNEIDER: COMPANY SNAPSHOT
             FIGURE 35 SCHNEIDER ELECTRIC: SWOT ANALYSIS
     12.6 SIEMENS
             FIGURE 36 SIEMENS: COMPANY SNAPSHOT
             FIGURE 37 SIEMENS: SWOT ANALYSIS
     12.7 EATON
             FIGURE 38 EATON: COMPANY SNAPSHOT
             FIGURE 39 EATON CORPORATION: SWOT ANALYSIS
     12.8 GE
             FIGURE 40 GE: COMPANY SNAPSHOT
             FIGURE 41 GENERAL ELECTRIC: SWOT ANALYSIS
     12.9 MITSUBISHI ELECTRIC
             FIGURE 42 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
     12.10 POWELL
             FIGURE 43 POWELL: COMPANY SNAPSHOT
     12.11 LARSEN & TOUBRO
             FIGURE 44 LARSEN & TOUBRO: COMPANY SNAPSHOT
     12.12 ELEKTROBUDOWA
             FIGURE 45 ELEKTROBUDOWA: COMPANY SNAPSHOT
     12.13 LUCY ELECTRIC
     12.14 FUJI ELECTRIC
             FIGURE 46 FUJI ELECTRIC: COMPANY SNAPSHOT
     12.15 HUBBELL
             FIGURE 47 HUBBELL: COMPANY SNAPSHOT
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

13 ADJACENT AND RELATED MARKETS (PAGE NO. - 191)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 TRANSMISSION AND DISTRIBUTION INTERCONNECTED MARKETS
     13.4 PAD-MOUNTED SWITCHGEAR MARKET
             13.4.1 MARKET DEFINITION
             TABLE 134 PAD-MOUNTED SWITCHGEAR MARKET, BY STANDARD: INCLUSIONS AND EXCLUSIONS
             13.4.2 LIMITATION
             13.4.3 MARKET OVERVIEW
             FIGURE 48 PAD MOUNTED SWITCHGEAR MARKET
             13.4.4 PAD-MOUNTED SWITCHGEAR MARKET, BY TYPE
                        13.4.4.1 Air insulated
             TABLE 135 AIR INSULATED: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                        13.4.4.2 Gas insulated
             TABLE 136 GAS INSULATED: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                        13.4.4.3 Solid Dielectric
             TABLE 137 SOLID DIELECTRIC: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                        13.4.4.4 Others
             TABLE 138 OTHERS: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
             13.4.5 PAD-MOUNTED SWITCHGEAR MARKET, BY REGION
                        13.4.5.1 Asia Pacific
             TABLE 139 ASIA PACIFIC: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        13.4.5.2 Europe
             TABLE 140 EUROPE: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        13.4.5.3 North America
             TABLE 141 NORTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        13.4.5.4 Middle East & Africa
             TABLE 142 MIDDLE EAST & AFRICA: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                        13.4.5.5 South America
             TABLE 143 SOUTH AMERICA: PAD-MOUNTED SWITCHGEAR MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
     13.5 GAS-INSULATED SWITCHGEAR MARKET
             13.5.1 MARKET DEFINITION
             TABLE 144 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING: INCLUSIONS & EXCLUSIONS
             13.5.2 LIMITATION
             13.5.3 MARKET OVERVIEW
             FIGURE 49 GAS-INSULATED SWITCHGEAR MARKET
             13.5.4 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION
                        13.5.4.1 Indoor
             TABLE 145 INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2018–2025 (USD MILLION)
                        13.5.4.2 Outdoor
             TABLE 146 OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2018–2025 (USD MILLION)
             13.5.5 GAS-INSULATED SWITCHGEAR MARKET, BY REGION
                        13.5.5.1 Asia Pacific
             TABLE 147 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2018–2025 (USD MILLION)
                        13.5.5.2 Europe
             TABLE 148 EUROPE: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2018–2025 (USD MILLION)
                        13.5.5.3 North America
             TABLE 149 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY INSULATION TYPE, 2018–2025 (USD MILLION)
                        13.5.5.4 Middle East & Africa
             TABLE 150 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2018–2025 (USD MILLION)
                        13.5.5.5 South America
             TABLE 151 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2018–2025 (USD MILLION)
     13.6 AIR-INSULATED SWITCHGEAR MARKET
             13.6.1 MARKET DEFINITION
             13.6.2 LIMITATION
             13.6.3 MARKET OVERVIEW
             FIGURE 50 AIR-INSULATED SWITCHGEAR MARKET
             13.6.4 AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION
                        13.6.4.1 Indoor
             TABLE 152 INDOOR: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
                        13.6.4.2 Outdoor
             TABLE 153 OUTDOOR: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
             13.6.5 AIR-INSULATED SWITCHGEAR MARKET, BY REGION
                        13.6.5.1 Asia Pacific
             TABLE 154 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
                        13.6.5.2 Europe
             TABLE 155 EUROPE: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
                        13.6.5.3 North America
             TABLE 156 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
                        13.6.5.4 Middle East
             TABLE 157 MIDDLE EAST: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
                        13.6.5.5 South America
             TABLE 158 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
                        13.6.5.6 Africa
             TABLE 159 AFRICA: AIR-INSULATED SWITCHGEAR MARKET SIZE, BY INSTALLATION, 2015–2022 (USD MILLION)
     13.7 SWITCHGEAR MONITORING SYSTEM MARKET
             13.7.1 MARKET DEFINITION
             13.7.2 LIMITATION
             13.7.3 MARKET OVERVIEW
             FIGURE 51 SWITCHGEAR MONITORING SYSTEM MARKET
             13.7.4 SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE
                        13.7.4.1 Temperature monitoring
             TABLE 160 TEMPERATURE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                        13.7.4.2 Partial discharge monitoring
             TABLE 161 PARTIAL DISCHARGE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                        13.7.4.3 Others
             TABLE 162 OTHERS: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
             13.7.5 SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION
                        13.7.5.1 Asia Pacific
             TABLE 163 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY MONITORING TYPE, 2016–2023 (USD MILLION)
                        13.7.5.2 Europe
             TABLE 164 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY MONITORING TYPE, 2016–2023 (USD MILLION)
                        13.7.5.3 North America
             TABLE 165 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY MONITORING TYPE, 2016–2023 (USD MILLION)
                        13.7.5.4 Middle East & Africa
             TABLE 166 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY MONITORING TYPE, 2016–2023 (USD MILLION)
                        13.7.5.5 South America
             TABLE 167 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY MONITORING TYPE, 2016–2023 (USD MILLION)

14 APPENDIX (PAGE NO. - 215)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved 4 major activities in estimating the current market size of the switchgear market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation were done to estimate the market size of the segments and subsegments.

Secondary Research

This research study 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 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 switchgear market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand side of this market is characterized by its end-users such as T&D utilities, industries, commercial & residential, and others. The supply side is characterized by Original Equipment Manufacturers (OEM), raw material providers, and others. 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:

Switchgear Market Report

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 switchgear 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.

Switchgear Market Report Approach

To know about the assumptions considered for the study, Request for Free Sample Report

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 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 demand and supply sides, in the T&D utilities, industries, commercial & residential, and other sectors.

Report Objectives

  • To define, describe, and forecast the global switchgear market by insulation, installation, end-user, voltage, and region
  • To provide detailed information on the major factors influencing the growth of the switchgear market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the switchgear market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the switchgear market with respect to major regions (Asia Pacific, Europe, North America, South America, and the Middle East and Africa)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze the competitive developments such as contracts & agreements, investments and expansions, new product developments, mergers & acquisitions, and partnerships in the switchgear 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:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

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Jul, 2020
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