Switchgear Market by Voltage (< 1 KV, 136 KV, 3672.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022
[144 Pages Report] The global switchgear market was valued at USD 84.14 Billion in 2016 and is expected to grow at a CAGR of 7.12%, from 2017 to 2022. Increasing access to electricity in developing countries, continuous growth of construction and developmental activities, and growth in renewable power generation projects are the major drivers that would trigger growth in the switchgear market.
The years considered for the study are as follows:
- Base Year: 2016
- Estimated Year: 2017
- Projected Year: 2022
- Forecast Period: 2017 to 2022
The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the study:
- To define, describe, and forecast the global switchgear market by voltage, equipment, end-user and region
- To provide detailed information on 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, future 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 strategically profile key players and comprehensively analyze their market rankings and core competencies
- To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the switchgear market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global switchgear market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.
- Study of the annual revenue and market developments of the major players providing switchgear
- Analysis of demand for switchgear by end-users
- Assessment of future trends and growth of end-users in the switchgear market
- Assessment of the switchgear market with respect to voltage capacity by various end-users
- Study of market trends in various regions and countries, by end-users, of the switchgear market
- Study of contracts and developments related to the switchgear market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying switchgear equipment across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
The switchgear ecosystem comprises equipment manufacturers, such as, ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric SE (France), EATON CORPORATION plc (Ireland), Siemens AG (Germany), Larsen & Toubro, Ltd. (India), Alstom SA (France), Hitachi, Ltd. (Japan), CG Power and Industrial Solutions Limited (India), Efacec Power Solutions S.G.P.S. S.A. (Portugal), ELEKTROBUDOWA SA GROUP (Poland), Hawker Siddeley Switchgear Ltd. (UK), Hyosung Corporation (South Korea), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) among others.
Target Audience:
The target audience of this report includes:
- Switchgear manufacturers, dealers, and suppliers
- Transmission and distribution utilities
- State and national regulatory authorities
- Power generation plants
- Consulting companies in the energy and power sector
- Government and research organizations
- Environmental research institutes
- Process industries and power and energy associations
- Investment firms
Scope of the Report
- < 1 kV
- 136 kV
- 3672.5 kV
- > 72.5
- Transmission and Distribution Utilities
- Manufacturing and Process Industries
- Commercial and Residential Infrastructure
- Gas insulated switchgear
- Air Insulated switchgear
- Circuit breakers
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
By Voltage, the switchgear market has been segmented into the following:
By End-User, the switchgear market has been segmented into the following:
By Equipment, the switchgear market has been segmented into the following:
By Region, the switchgear market has been segmented into the following:
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (up to five)
The global switchgear market is projected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 Billion by 2022. Continuous demand for construction and developmental activities, increasing access for electricity in developing countries, and growth in renewable power generation projects are the major drivers of the switchgear market.
The report segments the switchgear market, by voltage, into < 1 KV, 136 kV, 3672.5 kV, and > 72 kV. The voltage capacity of the > 72.5 kV sub-segment dominated the voltage segment in 2016 due to increasing electrical sub-stations in transmission and distribution network and protection of the electrical circuit equipment at high voltages.
Based on the end-user segment, the switchgear market is segmented into transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, and others. Others include marine, transportation, and mining sectors. The transmission and distribution utilities sub-segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is expected to grow at the fastest rate during the forecast period.
Based on equipment, the switchgear market is segmented into gas insulated switchgear, air insulated switchgear, and circuit breakers. Gas insulated switchgear held the largest market share in 2016 and is projected to dominate the market during the forecast period due to its space optimization, low maintenance, and protection against external elements. SF6 is used as an arc quenching and insulation medium for gas insulated switchgear that provides environmental advantages over other switchgears.
In this report, the switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle East and Africa, and South America. The market in Asia Pacific is expected to lead the global switchgear market during the forecast period due to the upgradation of aging electrical grid infrastructure and increase in electricity demand in the region.
Aging power infrastructure, HVDC transmission networks, and upcoming smart cities can lead to opportunities in the switchgear market. Stringent environmental and safety regulations for SF6 switchgears and increasing competition from the unorganized sector of the switchgear market could be a restraint for the switchgear market, leading to declining profits.
Some of the leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), and Schneider Electric SE (France). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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 Markets Covered
1.3.2 Countries Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Introduction
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
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in Global Switchgear Market
4.2 APAC Switchgear Market Size, By Application & Country
4.3 Global Switchgear Market, By Region
4.4 Global Switchgear Market, By Equipment, 2017 & 2022
4.5 Global Switchgear Market, By Voltage, 2016
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Continued Growth of Construction and Development Activities
5.2.1.2 Increasing Access to Electricity in Developing Countries
5.2.1.3 Growth in Renewable Power Generation
5.2.2 Restraints
5.2.2.1 Stringent Environmental and Safety Regulations for Sf6 Switchgears
5.2.2.2 Increasing Competition From the Unorganized Sector of the Switchgear Market
5.2.3 Opportunities
5.2.3.1 Upcoming Smart Cities
5.2.3.2 Aging Power Infrastructure
5.2.3.3 Hvdc Transmission
5.2.4 Challenges
5.2.4.1 Cyber Security
5.2.4.2 Price Volatility of Raw Materials
6 Global Switchgear Market, By Voltage (Page No. - 41)
6.1 Introduction
6.2 <1 kV
6.3 1 kV - 36 kV
6.4 36 kV - 72.5 kV
6.5 >72.5 kV
7 Global Switchgear Market, By End-User (Page No. - 46)
7.1 Introduction
7.2 T&D Utilities
7.3 Manufacturing & Process Industries
7.4 Commercial & Residential Infrastructure
7.5 Others
8 Global Switchgear Market, By Equipment (Page No. - 52)
8.1 Introduction
8.2 Mcb & Mccb
8.3 Ring Main Units
8.4 Circuit Breakers
8.5 Surge Arresters
8.6 Fuses
8.7 Motor Control Centers
8.8 Surge Protection Devices
8.9 GIS
8.10 AIS
8.11 Others
9 Global Switchgear Market, By Region (Page No. - 62)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 UK
9.3.4 France
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 India
9.4.3 Australia
9.4.4 Japan
9.4.5 Rest of APAC
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 MEA
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Kuwait
9.6.4 South Africa
9.6.5 Rest of MEA
10 Competitive Landscape (Page No. - 105)
10.1 Overview
10.2 Market Ranking, 2016
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Benchmarking
11 Company Profiles (Page No. - 114)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
11.1 Introduction
11.2 ABB Ltd.
11.3 Hyosung Corporation
11.4 Alstom SA
11.5 CG Power and Industrial Solutions Limited
11.6 Hitachi Ltd.
11.7 Hyundai Heavy Industries Co., Ltd.
11.8 Schneider Electric Se
11.9 Siemens AG
11.10 Eaton Corporation PLC
11.11 General Electric Company
11.12 Toshiba Corporation
11.13 Mitsubishi Electric Corporation
11.14 Powell Industries, Inc.
11.15 TE Connectivity Ltd.
11.16 Larsen & Toubro Limited
11.17 Elektrobudowa SA Group
11.18 Zpue S.A.
11.19 Lucy Electric UK Ltd.
11.20 Hawker Siddeley Switchgear Ltd.
11.21 Sel S.P.A.
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 190)
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
12.7 Author Details
List of Tables (80 Tables)
Table 1 Global Switchgear Market Snapshot
Table 2 Global Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 3 <1 kV Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 4 1 kV - 36 kV Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 5 36 kV - 72.5 kV Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 6 >72.5 kV Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 7 Global Switchgear Market Size, By End-User, 20152022 (USD Billion)
Table 8 T&D Utilities: Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 9 Manufacturing & Process Industries: Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 10 Commercial & Residential Infrastructure: Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 11 Others: Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 12 Global Switchgear Market Size, By Equipment, 20152022 (USD Billion)
Table 13 Mcb & Mccb Market Size, By Region, 20152022 (USD Billion)
Table 14 Ring Main Units Market Size, By Region, 20152022 (USD Billion)
Table 15 Circuit Breakers Market Size, By Region, 20152022 (USD Billion)
Table 16 Surge Arresters Market Size, By Region, 20152022 (USD Billion)
Table 17 Fuses Market Size, By Region, 20152022 (USD Billion)
Table 18 Motor Control Centers Market Size, By Region, 20152022 (USD Billion)
Table 19 Surge Protection Devices Market Size, By Region, 20152022 (USD Billion)
Table 20 GIS Market Size, By Region, 20152022 (USD Billion)
Table 21 AIS Market Size, By Region, 20152022 (USD Billion)
Table 22 Other Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 23 Global Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 24 North America: Switchgear Market Size, By Country, 20152022 (USD Billion)
Table 25 North America: Market Size, By Voltage, 20152022 (USD Billion)
Table 26 North America: Market Size, By End-User, 20152022 (USD Billion)
Table 27 US: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 28 US: Market Size, By End-User, 20152022 (USD Billion)
Table 29 Canada: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 30 Canada: Market Size, By End-User, 20152022 (USD Billion)
Table 31 Mexico: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 32 Mexico: Market Size, By End-User, 20152022 (USD Billion)
Table 33 Europe: Switchgear Market Size, By Country, 20152022 (USD Billion)
Table 34 Europe: Market Size, By Voltage, 20152022 (USD Billion)
Table 35 Europe: Market Size, By End-User, 20152022 (USD Billion)
Table 36 Germany: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 37 Germany: Market Size, By End-User, 20152022 (USD Billion)
Table 38 Russia: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 39 Russia: Market Size, By End-User, 20152022 (USD Billion)
Table 40 UK: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 41 UK: Market Size, By End-User, 20152022 (USD Billion)
Table 42 France: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 43 France: Market Size, By End-User, 20152022 (USD Billion)
Table 44 Rest of Europe: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 45 Rest of Europe: Market Size, By End-User, 20152022 (USD Billion)
Table 46 APAC: Switchgear Market Size, By Country, 20152022 (USD Billion)
Table 47 APAC: Market Size, By Voltage, 20152022 (USD Billion)
Table 48 APAC: Market Size, By End-User, 20142021 (USD Billion)
Table 49 China: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 50 China: Market Size, By End-User, 20152022 (USD Billion)
Table 51 India: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 52 India: Market Size, By End-User, 20152022 (USD Billion)
Table 53 Australia: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 54 Australia: Market Size, By End-User, 20152022 (USD Billion)
Table 55 Japan: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 56 Japan: Market Size, By End-User, 20152022 (USD Billion)
Table 57 Rest of APAC: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 58 Rest of APAC: Market Size, By End-User, 20152022 (USD Billion)
Table 59 South America: Switchgear Market Size, By Region, 20152022 (USD Billion)
Table 60 South America: Market Size, By Voltage, 20152022 (USD Billion)
Table 61 South America: Market Size, By End-User, 20152022 (USD Billion)
Table 62 Brazil: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 63 Brazil: Market Size, By End-User, 20152022 (USD Billion)
Table 64 Argentina: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 65 Argentina: Market Size, By End-User, 20152022 (USD Billion)
Table 66 Rest of South America: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 67 Rest of South America: Market Size, By End-User, 20152022 (USD Billion)
Table 68 MEA: Switchgear Market Size, By Country, 20152022 (USD Billion)
Table 69 MEA: Market Size, By Voltage, 20152022 (USD Billion)
Table 70 MEA: Market Size, By End-User, 20152022 (USD Billion)
Table 71 Saudi Arabia: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 72 Saudi Arabia: Market Size, By End-User, 20152022 (USD Billion)
Table 73 UAE: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 74 UAE: Market Size, By End-User, 20152022 (USD Billion)
Table 75 Kuwait: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 76 Kuwait: Market Size, By End-User, 20152022 (USD Billion)
Table 77 South Africa: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 78 South Africa: Market Size, By End-User, 20152022 (USD Billion)
Table 79 Rest of MEA: Switchgear Market Size, By Voltage, 20152022 (USD Billion)
Table 80 Rest of MEA: Market Size, By End-User, 20152022 (USD Billion)
List of Figures (65 Figures)
Figure 1 Market 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 Data Triangulation Methodology
Figure 7 APAC Led Global Switchgear Market in 2016
Figure 8 T&D Utilities Segment to Lead Global Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 9 > 72.5 Voltage Segment to Lead Global Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 10 Increasing Access to Electricity to Drive Global Switchgear Market During Forecast Period
Figure 11 T&D Utilities Segment Held Largest Share in APAC Switchgear Market in 2016
Figure 12 APAC to Witness Highest CAGR, 2017-2022
Figure 13 GIS Segment to Lead Global Switchgear Market, 2017-2022 (USD Billion)
Figure 14 >72.5 Voltage Segment Held Largest Share in 2016
Figure 15 Drivers, Restraints, Challenges, and Opportunities
Figure 16 Asia Construction Expenditure, By Country, 2015
Figure 17 Access to Electricity By Population, 20082014
Figure 18 Renewable Energy Use in 2014 and 2030
Figure 19 Global Switchgear Market Segment, By Voltage, 2016
Figure 20 Global Switchgear Market Segment, By End-User, 2016
Figure 21 GIS Segment Led Global Switchgear Market, By Equipment, 2016
Figure 22 Global Switchgear Market, By Region, 2016
Figure 23 Regional Snapshot: Switchgear Market Growth Rate in Various Countries, 2017 to 2022
Figure 24 North America Switchgear Market: Regional Snapshot
Figure 25 >72.5 kV Segment to Lead US Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 26 T&D Segment to Lead Canadian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 27 European Switchgear Market: 2016
Figure 28 1-36 kV Segment to Lead German Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 29 T&D Utilities Segment to Lead Russian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 30 <1 kV Segment to Lead UK Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 31 APAC Switchgear Market: Regional Snapshot
Figure 32 >72.5 kV Segment to Lead Chinese Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 33 T&D Segment to Lead Indian Switchgear Market, By End-User, 2017-2022 (USD Billion)
Figure 34 South America Switchgear Market: 2016
Figure 35 >72.5 kV Segment to Lead Brazilian Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 36 Manufacturing & Process Industries Segment to Lead Switchgear Market in Argentina, By End-User, 2017-2022 (USD Billion)
Figure 37 MEA Switchgear Market: 2016
Figure 38 >72.5 kV Segment to Lead Saudi Arabian Switchgear Market, By Voltage, 2017-2022 (USD Billion)
Figure 39 T&D Utilities Segment to Lead Switchgear Market in Kuwait, By End-User, By 2022 (USD Billion)
Figure 40 Key Developments in Global Switchgear Market, 20142017
Figure 41 Market Ranking for Switchgear, 2016
Figure 42 Low Voltage Switchgear: Market Structure, 2016
Figure 43 Medium Voltage Switchgear: Market Structure, 2016
Figure 44 Market Evaluation Framework, 20142017
Figure 45 Battle for Market Share (20142017): Contracts & Agreements Was the Key Strategy Adopted By Players in Global Switchgear Market
Figure 46 Competitive Leadership Mapping, 2017
Figure 47 Strength of Product Portfolio (25 Players)
Figure 48 Business Strategy Excellence (25 Players)
Figure 49 ABB Ltd.: Company Snapshot
Figure 50 Hyosung Corporation: Company Snapshot
Figure 51 Alstom SA: Company Snapshot
Figure 52 CG Power and Industrial Solutions Limited: Company Snapshot
Figure 53 Hitachi, Ltd.: Company Snapshot
Figure 54 Hyundai Heavy Industries Co., Ltd.: Company Snapshot
Figure 55 Schneider Electric Se: Company Snapshot
Figure 56 Siemens AG: Company Snapshot
Figure 57 Eaton Corporation PLC: Company Snapshot
Figure 58 General Electric Company: Company Snapshot
Figure 59 Toshiba Corporation: Company Snapshot
Figure 60 Mitsubishi Electric Corporation: Company Snapshot
Figure 61 Powell Industries, Inc.: Company Snapshot
Figure 62 TE Connectivity Ltd.: Company Snapshot
Figure 63 Larsen & Toubro Limited: Company Snapshot
Figure 64 Elektrobudowa SA Group: Company Snapshot
Figure 65 Zpue S.A.: Company Snapshot
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Growth opportunities and latent adjacency in Switchgear Market