Switchgear Monitoring System Market

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region - Global Forecast to 2025

Report Code: EP 6944 Aug, 2020, by marketsandmarkets.com

[199 Pages Report] The global switchgear monitoring system market size is projected to reach USD 2.1 billion by 2025, at a CAGR of 9.7%, from an estimated USD 1.3 billion in 2020. A few of the major advantages offered by switchgear monitoring systems are avoiding unplanned outages, reducing repair costs through improved failure detection, improving switchgear availability, and a more efficient, cost-effective, and proactive maintenance strategy.

Switchgear Monitoring System Market

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COVID-19 Impact on the Global Switchgear Monitoring System Market

The market for switchgear monitoring systems is expected to witness a drop in 2020, resulting from the outbreak of COVID-19. The COVID-19 pandemic has negatively impacted the power industry globally for the past few months. The demand curve for electricity has taken up new shapes, mainly in those countries where the impact of the pandemic is high. The decreasing demand for electricity is caused by lockdowns across countries to mitigate the spread of the virus, which is likely to create a negative impact on the overall market. Furthermore, the investments for grid modernization are also expected to slow down during the period.

Switchgear monitoring system: Dynamics

Driver: Increasing focus toward maximizing reliability of electrical assets through early detection of failure

With the increasing power demand, electric utilities are increasing their focus toward maximizing the reliability of electrical assets to minimize downtime and simultaneously reduce financial losses. Switchgear is one of the most vulnerable links in the power grid infrastructure as it comprises devices associated with power system control and protection such as switches, fuses, circuit breakers, and relays that are used to control, protect, and isolate electrical equipment to enable the continuous and reliable supply of electricity. However, in some cases switchgear is subjected to overheating due to excessive loads, normal wear and tear, and challenging environmental conditions. If left unattended, it can lead to failures resulting in the damage of the switchgear and its surrounding equipment, power production loss, and in extreme cases it can even be a risk to human life. Thus, to overcome such a panic situation, switchgear monitoring systems are gaining traction among end users to maximize the reliability of electrical assets by monitoring various switchgear devices in real-time.

Switchgear monitoring systems use various sensors and software to monitor, diagnose, and control switchgear devices from a safe location outside the arc flash boundary. Implementing real-time monitoring offers electric utilities the ability to collect data generated during the switchgear’s normal operating conditions, which provides awareness to problems in real time i.e. at an early stage. It further helps in replacing conventional maintenance approaches with condition-based services.

Restraint: High capital requirement for installing switchgear monitoring systems

Switchgears isolate electric circuits from the power supply to enable a safe execution of maintenance activities or to clear faults. Energy consumers use switchgear monitoring systems to monitor various parameters such as temperature, partial discharge fault, SF6 gas, and others to ensure power system protection and regulate reliable power supply. The monitoring of switchgear devices is carried out in real-time, which helps operators in analyzing the data and plan maintenance strategies as required. Because of all these features, the cost of switchgear monitoring systems is high.

Other costs associated with the implementation of switchgear monitoring systems include costs for software and licensing fees, IT testing, project management, software integration, and staff training. Thus, the full-scale installation of switchgear monitoring systems requires high capital on all hardware and software components.

Furthermore, a huge investment is needed to replace the existing aging grid infrastructure and for integrating the whole new solution where hardware and software should have the same configuration. Also, an advanced communication network in the grid is required, which is still not available with many utilities. Hence, many utilities in developing nations are still reluctant to use switchgear monitoring systems.

Opportunity: Growing investments in smart grid technologies

A smart grid is a digital technology that focuses on modernizing electricity networks by providing 2-way communication between the utility and its customers. Global power utilities are increasingly investing in smart grid technologies to detect and eliminate faults before a complete breakdown occurs through the automatic monitoring of electrical equipment. At the end user level, smart grids can enable demand flexibility and consumer participation in energy system operations through distributed generation and storage.

Governments across the world have enacted several supportive policies and mandates focusing on the implementation of smart grids and spreading awareness about energy conversation. The regulations drive the smart grid market in application areas, such as industrial, commercial, and residential sectors. Heavy investments are being made for the development of the smart grid. For instance, The ARRA, part of the US federal government, allocated USD 3.4 billion for smart grid investment grants to utilities and USD 615 million for smart grid demonstration projects. The NERC is a regulatory authority established to assess the reliability of bulk transmission power systems in North America

Challenge : Impact of COVID-19

The COVID-19 pandemic has slowed the growth of the power industry in the current times. This is primarily due to more and more countries resorting to nationwide lockdowns to prevent further spikes in the spread of the disease. The renewable energy industry, which until recently was growing at a rapid pace, is witnessing slow growth during the past few months. This slowdown is mainly due to economic contractions, which have resulted in the reduction of power demand from various end-use industries. With the decrease in power demand, it is estimated that there would be very negligible investments from the utilities for replacing aging grid infrastructure and new renewable installations. For instance, in India, about 40% of the electricity demand is generated from industrial and commercial establishments and accounts for a higher percentage of sales revenue. However, during the period of the lockdown, India’s demand for electricity is expected to drop down by about 20–25%, which would adversely impact the revenue of distribution utilities in the near term. The revenue deficit for the distribution companies is estimated to be about USD 1.7 billion per month in the country.

Furthermore, the spread of COVID-19 is likely to have an adverse effect on the manufacturers of switchgear monitoring devices due to the global shutdown and issues along the supply chain. The price for procuring raw materials is also expected to increase due to the shortage of supply, which ultimately will lead to delay in order closures. For instance, ABB expects to have a decline in revenue across all its business segments compared to a year ago. Siemens witnessed a sharp fall in demand from China, Germany, and Italy, where the impact of COVID-19 is high. This demand loss eventually will impact the company’s overall revenue. However, the software market is estimated to experience low to moderate impact when compared with hardware.

Market Interconnection

Switchgear Monitoring System Market  by Region

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By type, the GIS segment is the largest contributor in the switchgear monitoring system during the forecast period.

The GIS segment is estimated to lead the switchgear monitoring system market during the forecast period. The market for gas-insulated switchgear monitoring systems is driven by increasing demand for monitoring high-voltage electrical assets to avoid unplanned outages and reduce maintenance costs. Asia Pacific is estimated to hold the largest share of the GIS market, followed by Europe because of stringent standards and codes to be followed by the industries and utilities for ensuring reliable power supply and avoiding hazards.

By voltage, the high voltage segment is expected to be the largest market for switchgear monitoring system during the forecast period.

The high voltage segment held the largest share of the switchgear monitoring system market, by voltage in 2019. The growth of the high voltage segment is driven by the higher demand for monitoring systems on high voltage switchgear. As any fault in switchgear apparatuses is likely to hamper the electricity supply to an entire city or region. The market for the high-voltage segment in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increasing investments in transmission and distribution networks due to the rise in demand for power and the need for an increase in the reliability of high-voltage electrical assets are expected to drive the market for this segment.

By monitoring type, the temperature segment is expected to be the largest contributor during the forecast period.

The temperature segment held the largest share of the switchgear monitoring system market, by monitoring type in 2019. Temperature monitoring offers the early detection of incipient problems, which leads to the rapid identification of issues and better maintenance resulting in a little or no downtime associated with switchgear failure.

Asia Pacific held the largest share of the switchgear monitoring system market in 2019.

Asia Pacific accounted for the largest share of the global switchgear monitoring system market in 2019. The region has been segmented, by country, into China, Japan, South Korea, Australia, and the Rest of Asia Pacific. China is the largest and fastest growing market in the region. China is considered the leading country in the world in power transmission & distribution. The country mostly focuses on developing transmission lines that are capable of high-load transfer over long distances and creating a nation-wide reliable power system. There are rapid development and growth of renewable energy projects such as wind and solar in China. Furthermore, the Government of China has passed the Renewable Energy Law, which would target 20% of the primary energy consumption from renewable sources by 2020. The Government of China has launched a wind project Three Gorges on Land in the Gansu province with a power-generating capacity of 22 GW. Thus, with the increase in the number of renewable projects, the number of installations of digital switchgear and substations is also likely to increase in the future.

Switchgear Monitoring System Market  by Region

Key Market Players

ABB, Schneider Electric, Siemens, General Electric,and Eaton, are the leading players in the switchgear monitoring systemmarket. Mitsubishi Electric, Fortive, Konθar-Electrical Engineering Institute , Tiara Vibrasindo Pratama , SENSeOR, and others are other players operating in the market are the leading players in the global switchgear monitoring system.

Scope of the Report

Report Metric

Details

Market Size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Type, Volatge, Component, Monitoring Type, End User, and Region

Geographies covered

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

Companies covered

ABB, Schneider Electric, Siemens, General Electric, Eaton, Mitsubishi Electric, Fortive, Konθar-Electrical Engineering Institute , Tiara Vibrasindo Pratama , SENSeOR, and others

This research report categorizes the switchgear monitoring system market based on type, voltage, compoenent, monitoring type, end user, and region.

Based on the type:

  • GIS
  • AIS

Based on the component:

  • Hardware
  • Software & Services

Based on the voltage:

  • High
  • Medium

Based on the monitoring type:

  • Temperature Monitoring
  • Partial Discharge Monitoring
  • Gas Monitoring
  • Others

Based on the end user:

  • Utilities
  • Industries
  • Commerical
  • Others

Based on the region:

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

Recent Developments

  • In February 2020, Schneider Electric partnered with Tricolite Electrical Industries for new-generation MV switchgear Premset. This partnership will allow Tricolite to assemble, engineer, test, market, and sell products. The Premset uses solid, shielded insulation and provides an SF6-free MV switchgear.
  • In January 2020, Siemens acquired C&S Electric to meet the growing need for electrification. The scope of the acquisition includes low-voltage switchgear components and panels.
  • In April 2019, ABB introduced low-voltage digital switchgear with smart condition-based monitoring, which will help enable flexible, safe, and smart electrical distribution. In addition, this solution offers improved reliability and performance.
  • In December 2018, ABB won a contract from Fingrid to upgrade one of Helsinki’s substations to meet the increased demand for power, improve power reliability, and assist transmission system operators in the country. The scope of the contract includes an outdoor AIS installation with its GIS technology. In addition to the supply, ABB will also install MSM devices onto the GIS to enable the online condition monitoring of the circuit breakers.
  • In July 2017, Eaton introduced a new switchgear monitoring and management platform for low- and medium-voltage switchgear assemblies. In addition, it will enhance personnel safety, which can be done by operators to aggregate and will analyze the device data.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS
           1.2.2 SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE: INCLUSIONS & EXCLUSIONS
           1.2.3 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER: INCLUSIONS & EXCLUSIONS
    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
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 1 SWITCHGEAR MONITORING SYSTEM MARKET: RESEARCH DESIGN
           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
           FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR SWITCHGEAR MONITORING SYSTEMS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 DEMAND-SIDE ANALYSIS
                    FIGURE 3 INCREASING FOCUS ON MAXIMIZING RELIABILITY OF ELECTRICAL ASSETS IS KEY DETERMINING FACTOR FOR SWITCHGEAR MONITORING SYSTEM MARKET
                    2.3.1.1 Key assumptions
                    2.3.1.2 Calculations
           2.3.2 FORECAST
           2.3.3 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 INVESTMENTS ON SWITCHGEAR MONITORING SYSTEMS ARE DETERMINING FACTOR FOR GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET
                    2.3.3.1 Assumptions and calculations
                    FIGURE 5 LEADING PLAYERS IN SWITCHGEAR MONITORING SYSTEM MARKET, 2019

3 EXECUTIVE SUMMARY (Page No. - 35)
    3.1 SCENARIO ANALYSIS
           FIGURE 6 SCENARIO ANALYSIS: SWITCHGEAR MONITORING SYSTEM MARKET, 2018–2025
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
                    TABLE 1 SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT
                    FIGURE 7 ASIA PACIFIC DOMINATED SWITCHGEAR MONITORING SYSTEM MARKET IN 2019
                    FIGURE 8 GIS SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, DURING FORECAST PERIOD
                    FIGURE 9 TEMPERATURE MONITORING SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGEST SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, DURING FORECAST PERIOD
                    FIGURE 10 HIGH (ABOVE 36 KV) SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, DURING FORECAST PERIOD
                    FIGURE 11 HARDWARE SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD
                    FIGURE 12 UTILITIES IS EXPECTED TO CONTINUE TO DOMINATE SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES IN SWITCHGEAR MONITORING SYSTEM MARKET
           FIGURE 13 GROWING EMPHASIS ON RENEWABLE ENERGY INTEGRATION IS EXPECTED TO DRIVE SWITCHGEAR MONITORING SYSTEM MARKET DURING 2020–2025
    4.2 SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION
           FIGURE 14 SWITCHGEAR MONITORING SYSTEM MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SWITCHGEAR MONITORING SYSTEM MARKET IN ASIA PACIFIC, BY END USER & COUNTRY
           FIGURE 15 UTILITIES AND CHINA WERE LARGEST SHAREHOLDERS IN SWITCHGEAR MONITORING SYSTEM MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY, RESPECTIVELY, IN 2019
    4.4 SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE
           FIGURE 16 GIS SEGMENT IS PROJECTED TO CONTINUE TO DOMINATE SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, IN 2025
    4.5 SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE
           FIGURE 17 TEMPERATURE MONITORING SEGMENT IS EXPECTED TO HOLD LARGEST SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, IN 2025
    4.6 SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE
           FIGURE 18 HIGH (ABOVE 36 KV) SEGMENT IS EXPECTED TO CONTINUE TO DOMINATE SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, IN 2025
    4.7 SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT
           FIGURE 19 HARDWARE SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, IN 2025
    4.8 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER
           FIGURE 20 UTILITIES SEGMENT IS LIKELY TO CONTINUE TO HOLD LARGEST SHARE OF SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, IN 2025

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 21 COVID-19 GLOBAL PROPAGATION
           FIGURE 22 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 23 RECOVERY ROAD FOR 2020 & 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 25 SWITCHGEAR MONITORING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increasing focus toward maximizing reliability of electrical assets through early detection of failure
                    5.5.1.2 Renewable energy integration
                    FIGURE 26 INVESTMENT IN RENEWABLE POWER GENERATION (USD BILLION), 2018
           5.5.2 RESTRAINTS
                    5.5.2.1 High capital requirement for installing switchgear monitoring systems
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Growing investments in smart grid technologies
                    FIGURE 27 INVESTMENT IN SMART GRIDS, BY TECHNOLOGY AREA, 2014–2019
                    5.5.3.2 Replacement of aging grid infrastructure
           5.5.4 CHALLENGES
                    5.5.4.1 Risk of cybersecurity attacks
                    5.5.4.2 Impact of COVID-19
    5.6 TRENDS
           5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SWITCHGEAR MONITORING SYSTEM MANUFACTURERS
                    FIGURE 28 REVENUE SHIFT FOR SWITCHGEAR MONITORING SYSTEMS
    5.7 AVERAGE SELLING PRICE TREND
           FIGURE 29 AVERAGE SELLING PRICE OF SWITCHGEAR
    5.8 MARKET MAP
           FIGURE 30 ADJACENT AND INTERCONNECTED MARKETS
    5.9 SUPPLY CHAIN ANALYSIS
           FIGURE 31 SWITCHGEAR MONITORING SUPPLY CHAIN ANALYSIS
           5.9.1 RAW MATERIAL SUPPLIERS
           5.9.2 COMPONENT MANUFACTURING
           5.9.3 HARDWARE ASSEMBLY
           5.9.4 END USERS
    5.10 TECHNOLOGY ANALYSIS
           TABLE 2 ADVANTAGES OF SURFACE ACOUSTIC WAVE TECHNOLOGY (SAW) OVER IR THERMOGRAPHY
    5.11 SWITCHGEAR: CODES AND REGULATIONS
    5.12 CASE STUDY ANALYSIS
           5.12.1 DETECTION OF ASSET FAILURE IN SUBSTATIONS

6 SCENARIO ANALYSIS (Page No. - 61)
    6.1 INTRODUCTION
           6.1.1 OPTIMISTIC SCENARIO
                    TABLE 3 OPTIMISTIC SCENARIO: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.1.2 REALISTIC SCENARIO
                    TABLE 4 REALISTIC SCENARIO: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.1.3 PESSIMISTIC SCENARIO
                    TABLE 5 PESSIMISTIC SCENARIO: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

7 SWITCHGEAR MARKET, BY TYPE (Page No. - 64)
    7.1 INTRODUCTION
           FIGURE 32 ASIA PACIFIC LEADS SWITCHGEAR MARKET (VALUE),BY REGION, 2019
           TABLE 6 SWITCHGEAR MARKET, BY REGION, 2018–2025 (UNITS)
           TABLE 7 SWITCHGEAR MARKET, BY REGION, 2018–2025 (USD BILLION)
    7.2 NORTH AMERICA
           TABLE 8 NORTH AMERICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (UNITS)
           TABLE 9 NORTH AMERICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (USD BILLION)
    7.3 EUROPE
           TABLE 10 EUROPE: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (UNITS)
           TABLE 11 EUROPE: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (USD BILLION)
    7.4 ASIA PACIFIC
           TABLE 12 ASIA PACIFIC: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (UNITS)
           TABLE 13 ASIA PACIFIC: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (USD BILLION)
    7.5 MIDDLE EAST & AFRICA
           TABLE 14 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (UNITS)
           TABLE 15 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (USD BILLION)
    7.6 SOUTH AMERICA
           TABLE 16 SOUTH AMERICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (UNITS)
           TABLE 17 SOUTH AMERICA: SWITCHGEAR MARKET, BY TYPE, 2018–2025 (USD BILLION)

8 SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE (Page No. - 70)
    8.1 INTRODUCTION
           FIGURE 33 GIS SEGMENT LED SWITCHGEAR MONITORING SYSTEM MARKET IN 2019
           TABLE 18 SWITCHGEAR MONITORING SYSTEM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
    8.2 GIS
           8.2.1 MAXIMUM RELIABILITY AND LESS MAINTENANCE ARE EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                    TABLE 19 GIS: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.3 AIS
           8.3.1 COST-EFFECTIVENESS OF AIS IS EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                    TABLE 20 AIS: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

9 SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE (Page No. - 74)
    9.1 INTRODUCTION
           FIGURE 34 HIGH VOLTAGE SEGMENT LED SWITCHGEAR MONITORING SYSTEM MARKET IN 2019
           TABLE 21 SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
    9.2 HIGH VOLTAGE
           9.2.1 NEED FOR MAXIMIZING RELIABILITY OF HIGH-TRANSMISSION NETWORKS IS EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                    TABLE 22 HIGH VOLTAGE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.3 MEDIUM VOLTAGE
           9.3.1 GROWING INDUSTRIAL AND COMMERCIAL SECTORS IN DEVELOPING COUNTRIES ARE EXPECTED TO BOOST MARKET GROWTH
                    TABLE 23 MEDIUM VOLTAGE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

10 SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT (Page No. - 78)
     10.1 INTRODUCTION
               FIGURE 35 HARDWARE COMPONENT SEGMENT LED SWITCHGEAR MONITORING SYSTEM MARKET IN 2019
               TABLE 24 SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
     10.2 HARDWARE
             10.2.1 NEED TO CONTROL, MEASURE, AND ANALYZE DATA IS EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                       10.2.1.1 Intelligent equipment devices
                       10.2.1.2 Distribution network feeders
                       10.2.1.3 Others
                                   TABLE 25 HARDWARE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.3 SOFTWARE & SERVICES
             10.3.1 CONSTANT UPGRADES IN MONITORING MODULES ARE EXPECTED TO PROPEL MARKET FOR THIS SEGMENT
                       TABLE 26 SOFTWARE & SERVICES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

11 SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE (Page No. - 83)
     11.1 INTRODUCTION
               FIGURE 36 TEMPERATURE MONITORING SEGMENT EXPECTED TO HOLD LARGEST MARKET SHARE, IN 2025
               TABLE 27 SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
     11.2 TEMPERATURE MONITORING
             11.2.1 COST-EFFECTIVE AND RELIABLE WAY TO MONITOR TEMPERATURE IS DRIVING MARKET FOR THIS SEGMENT
                       TABLE 28 TEMPERATURE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.3 PARTIAL DISCHARGE MONITORING
             11.3.1 GROWING NEED TO ELIMINATE UNPLANNED OUTAGES IS EXPECTED TO PROPEL MARKET GROWTH
                       TABLE 29 PARTIAL DISCHARGE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.4 GAS MONITORING
             11.4.1 GROWING INVESTMENTS IN RENEWABLE ENERGY ARE EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                       TABLE 30 GAS MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.5 OTHERS
               TABLE 31 OTHERS MONITORING TYPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

12 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER (Page No. - 89)
     12.1 INTRODUCTION
               FIGURE 37 UTILITIES SEGMENT EXPECTED TO CONTINUE TO HOLD LARGEST MARKET SHARE, IN 2025
               TABLE 32 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
     12.2 UTILITIES
             12.2.1 GROWING INVESTMENTS IN T&D NETWORKS TO MEET INCREASING POWER DEMAND ARE EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                       TABLE 33 UTILITIES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     12.3 INDUSTRIES
             12.3.1 ADVANTAGES SUCH AS UNINTERRUPTED POWER SUPPLY AND FAULT PROTECTION ARE EXPECTED TO PROPEL MARKET GROWTH
                       TABLE 34 INDUSTRIES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     12.4 COMMERCIAL
             12.4.1 RISING FOCUS ON INFRASTRUCTURAL DEVELOPMENT IS EXPECTED TO DRIVE MARKET FOR THIS SEGMENT
                       TABLE 35 COMMERCIAL: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     12.5 OTHERS
               TABLE 36 OTHERS END USER: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)

13 SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION (Page No. - 95)
     13.1 INTRODUCTION
               FIGURE 38 REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 39 SWITCHGEAR MONITORING SYSTEM MARKET SHARE (VALUE), BY REGION, 2019
               TABLE 37 GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2018–2025 (USD MILLION)
     13.2 ASIA PACIFIC
             13.2.1 IMPACT OF COVID-19 ON SWITCHGEAR MONITORING SYSTEM MARKET IN ASIA PACIFIC
               FIGURE 40 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT, 2019
             13.2.2 BY TYPE
                       TABLE 38 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.2.3 BY VOLTAGE
                       TABLE 39 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             13.2.4 BY COMPONENT
                       TABLE 40 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
             13.2.5 BY MONITORING TYPE
                       TABLE 41 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
             13.2.6 BY END USER
                       TABLE 42 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
             13.2.7 BY COUNTRY
                       TABLE 43 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.2.7.1 China
                                   13.2.7.1.1 Increasing focus on installation of digital switchgear is expected to drive market growth
                                   13.2.7.1.2 List of top end users
                                   13.2.7.1.3 By type
                                                    TABLE 44 CHINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.2.7.1.4 By end user
                                                    TABLE 45 CHINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.2.7.2 Australia
                                   13.2.7.2.1 Growing investments in renewables and replacement of aging infrastructure are expected to drive demand for switchgear monitoring systems
                                   13.2.7.2.2 List of top end users
                                   13.2.7.2.3 By type
                                                    TABLE 46 AUSTRALIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.2.7.2.4 By end user
                                                    TABLE 47 AUSTRALIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.2.7.3 Japan
                                   13.2.7.3.1 Increasing focus on renewable energy and deployment of smart grid is driving market growth
                                   13.2.7.3.2 List of top end users
                                   13.2.7.3.3 By type
                                                    TABLE 48 JAPAN: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.2.7.3.4 By end user
                                                    TABLE 49 JAPAN: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.2.7.4 South Korea
                                   13.2.7.4.1 Government initiatives toward renewable power generation are accelerating market growth
                                   13.2.7.4.2 List of top end users
                                   13.2.7.4.3 By type
                                                    TABLE 50 SOUTH KOREA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.2.7.4.4 By end user
                                                    TABLE 51 SOUTH KOREA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.2.7.5 Rest of Asia Pacific
                                   13.2.7.5.1 List of top end users
                                   13.2.7.5.2 By type
                                                    TABLE 52 REST OF ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.2.7.5.3 By end user
                                                    TABLE 53 REST OF ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
     13.3 EUROPE
             13.3.1 IMPACT OF COVID-19 ON EUROPEAN SWITCHGEAR MONITORING SYSTEM MARKET
                       FIGURE 41 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT, 2019
             13.3.2 BY TYPE
                       TABLE 54 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.3 BY VOLTAGE
                       TABLE 55 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             13.3.4 BY COMPONENT
                       TABLE 56 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
             13.3.5 BY MONITORING TYPE
                       TABLE 57 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
             13.3.6 BY END USER
                       TABLE 58 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
             13.3.7 BY COUNTRY
                       TABLE 59 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.3.7.1 Germany
                                   13.3.7.1.1 Sustainable growth in renewable sector is expected to drive market growth
                                   13.3.7.1.2 List of top end users
                                   13.3.7.1.3 By type
                                                    TABLE 60 GERMANY: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.3.7.1.4 By end user
                                                    TABLE 61 GERMANY: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.3.7.2 UK
                                   13.3.7.2.1 Growing investments in renewables are expected to drive market growth
                                   13.3.7.2.2 List of top end users
                                   13.3.7.2.3 By type
                                                    TABLE 62 UK: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.3.7.2.4 By end user
                                                    TABLE 63 UK: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.3.7.3 France
                                   13.3.7.3.1 Growing focus on renewable power sources is propelling market growth
                                   13.3.7.3.2 List of top end users
                                   13.3.7.3.3 By type
                                                    TABLE 64 FRANCE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.3.7.3.4 By end user
                                                    TABLE 65 FRANCE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.3.7.4 Russia
                                   13.3.7.4.1 Growing need for investments in T&D sector is boosting market growth
                                   13.3.7.4.2 List of top end users
                                   13.3.7.4.3 By type
                                                    TABLE 66 RUSSIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.3.7.4.4 By end user
                                                    TABLE 67 RUSSIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.3.7.5 Rest of Europe
                                   13.3.7.5.1 List of top end users
                                   13.3.7.5.2 By type
                                                    TABLE 68 REST OF EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.3.7.5.3 By end user
                                                    TABLE 69 REST OF EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
     13.4 NORTH AMERICA
             13.4.1 IMPACT OF COVID-19 ON NORTH AMERICAN SWITCHGEAR MONITORING SYSTEM MARKET
             13.4.2 BY TYPE
                       TABLE 70 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.4.3 BY VOLTAGE
                       TABLE 71 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             13.4.4 BY COMPONENT
                       TABLE 72 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
             13.4.5 BY MONITORING TYPE
                       TABLE 73 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
             13.4.6 BY END USER
                       TABLE 74 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
             13.4.7 BY COUNTRY
                       TABLE 75 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.4.7.1 US
                                   13.4.7.1.1 Existing power infrastructure upgrades are driving market growth
                                   13.4.7.1.2 List of top end users
                                   13.4.7.1.3 By type
                                                    TABLE 76 US: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.4.7.1.4 By end user
                                                    TABLE 77 US: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.4.7.2 Canada
                                   13.4.7.2.1 Growing investments in T&D networks & upgrading infrastructure to accelerate market growth
                                   13.4.7.2.2 List of top end users
                                   13.4.7.2.3 By type
                                                    TABLE 78 CANADA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.4.7.2.4 By end user
                                                    TABLE 79 CANADA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.4.7.3 Mexico
                                   13.4.7.3.1 Growing industrialization to boost market growth
                                   13.4.7.3.2 List of top end users
                                   13.4.7.3.3 By type
                                                    TABLE 80 MEXICO: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.4.7.3.4 By end user
                                                    TABLE 81 MEXICO: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
     13.5 MIDDLE EAST & AFRICA
             13.5.1 IMPACT OF COVID-19 ON SWITCHGEAR MONITORING SYSTEM MARKET IN MIDDLE EAST & AFRICA
             13.5.2 BY TYPE
                       TABLE 82 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.5.3 BY VOLTAGE
                       TABLE 83 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             13.5.4 BY COMPONENT
                       TABLE 84 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
             13.5.5 BY MONITORING TYPE
                       TABLE 85 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
             13.5.6 BY END USER
                       TABLE 86 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
             13.5.7 BY COUNTRY
                       TABLE 87 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.5.7.1 Saudi Arabia
                                   13.5.7.1.1 Increasing investments in power projects are expected to drive market
                                   13.5.7.1.2 List of top end users
                                   13.5.7.1.3 By type
                                                    TABLE 88 SAUDI ARABIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.5.7.1.4 By end user
                                                    TABLE 89 SAUDI ARABIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.5.7.2 UAE
                                   13.5.7.2.1 Increasing number of power projects for upgrading distribution networks boosts market growth
                                   13.5.7.2.2 List of top end users
                                   13.5.7.2.3 By type
                                                    TABLE 90 UAE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.5.7.2.4 By end user
                                                    TABLE 91 UAE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.5.7.3 Kuwait
                                   13.5.7.3.1 Growing investments in power generation and distribution are likely to propel market growth
                                   13.5.7.3.2 List of top end users
                                   13.5.7.3.3 By type
                                                    TABLE 92 KUWAIT: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.5.7.3.4 By end user
                                                    TABLE 93 KUWAIT: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.5.7.4 South Africa
                                   13.5.7.4.1 Rising investments in power capacity addition and energy efficiency to accelerate market growth
                                   13.5.7.4.2 List of top end users
                                   13.5.7.4.3 By type
                                                    TABLE 94 SOUTH AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.5.7.4.4 By end user
                                                    TABLE 95 SOUTH AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.5.7.5 Rest of Middle East & Africa
                                   13.5.7.5.1 List of top end users
                                   13.5.7.5.2 By type
                                                    TABLE 96 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.5.7.5.3 By end user
                                                    TABLE 97 REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
     13.6 SOUTH AMERICA
             13.6.1 IMPACT OF COVID-19 ON SOUTH AMERICAN SWITCHGEAR MONITORING SYSTEM MARKET
             13.6.2 BY TYPE
                       TABLE 98 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.6.3 BY VOLTAGE
                       TABLE 99 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE, 2018–2025 (USD MILLION)
             13.6.4 BY COMPONENT
                       TABLE 100 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
             13.6.5 BY MONITORING TYPE
                       TABLE 101 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY MONITORING TYPE, 2018–2025 (USD MILLION)
             13.6.6 BY END USER
                       TABLE 102 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
             13.6.7 BY COUNTRY
                       TABLE 103 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.6.7.1 Brazil
                                   13.6.7.1.1 Modernization of existing power infrastructures and high electricity demand are expected to drive market
                                   13.6.7.1.2 List of top end users
                                   13.6.7.1.3 By type
                                                    TABLE 104 BRAZIL: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.6.7.1.4 By end user
                                                    TABLE 105 BRAZIL: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.6.7.2 Argentina
                                   13.6.7.2.1 Increasing investments in renewable sector and growing focus in T&D utilities are propelling market growth
                                   13.6.7.2.2 List of top end users
                                   13.6.7.2.3 By type
                                                    TABLE 106 ARGENTINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.6.7.2.4 By end user
                                                    TABLE 107 ARGENTINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)
                       13.6.7.3 Rest of South America
                                   13.6.7.3.1 List of top end users
                                   13.6.7.3.2 By type
                                                    TABLE 108 REST OF SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                   13.6.7.3.3 By end user
                                                    TABLE 109 REST OF SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2018–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 154)
     14.1 KEY PLAYERS STRATEGIES
               TABLE 110 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, 2016–JULY 2020
     14.2 MARKET EVALUATION FRAMEWORK
               FIGURE 42 MARKET EVALUATION FRAMEWORK
     14.3 REVENUE ANALYSIS OF TOP 5 PLAYERS
               FIGURE 43 SWITCHGEAR MONITORING SYSTEM MARKET SHARE ANALYSIS IN 2019
     14.4 COMPANY EVALUATION QUADRANT
             14.4.1 STAR
             14.4.2 EMERGING LEADERS
             14.4.3 PERVASIVE
             14.4.4 EMERGING COMPANIES
                       FIGURE 44 COMPETITIVE LEADERSHIP MAPPING: SWITCHGEAR MONITORING SYSTEM MARKET, 2019
     14.5 COMPETITIVE SCENARIO
             14.5.1 NEW PRODUCT LAUNCHES
             14.5.2 PARTNERSHIPS/COLLABORATIONS
             14.5.3 CONTRACTS & AGREEMENTS
             14.5.4 MERGERS & ACQUISITIONS

15 COMPANY PROFILES (Page No. - 162)
(Business and financial overview, Products offered, Recent developments & MnM View)*
     15.1 SCHNEIDER ELECTRIC
               FIGURE 45 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
     15.2 GENERAL ELECTRIC
               FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT
     15.3 ABB
               FIGURE 47 ABB: COMPANY SNAPSHOT
     15.4 SIEMENS
               FIGURE 48 SIEMENS: COMPANY SNAPSHOT
     15.5 EATON
               FIGURE 49 EATON: COMPANY SNAPSHOT
     15.6 FORTIVE
               FIGURE 50 FORTIVE: COMPANY SNAPSHOT
     15.7 MITSUBISHI ELECTRIC
               FIGURE 51 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
     15.8 KONΘAR-ELECTRICAL ENGINEERING INSTITUTE
     15.9 TIARA VIBRASINDO PRATAMA
     15.10 SENSEOR
     15.11 INDEPENDENT POWER ENGINEERING CONSULTANTS
     15.12 ALTANOVA
     15.13 DYNAMIC RATING
     15.14 OSENSA
     15.15 MEGGERS
     15.16 HIGH VOLTAGE PARTIAL DISCHARGE (HVPD)
     15.17 RUGGED MONITORING
     15.18 POWER DIAGNOSTIC SERVICE
     15.19 DOBLE ENGINEERING
     15.20 NUVENTURA

*Details on Business and financial overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 192)
     16.1 INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

This study involved four major activities in estimating the current market size for switchgear monitoring system. Exhaustive secondary research was done to collect information on the market and the peer 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. After that, 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, World Bank, US DOE, IEA, to identify and collect information useful for a technical, market-oriented, and commercial study of the global switchgear monitoring system 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 monitoring system market comprises several stakeholders, such as public and private electric utilities, distribution companies, switchgear manufacturers, dealers, and suppliers, switchgear monitoring system component manufacturers, energy & power sector consulting companies and others. The demand side of this market is characterized by estimating the year on year investment on electrical equipment and historical investment trends in T&D networks. 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 as following

Switchgear Monitoring System Market  Size, and Share

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 monitoring system 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.

Global Switchgear monitoring system Market Size: Bottom-Up Approach

Switchgear Monitoring System Market  Size, and Share

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 segments and subsegments. To complete the overall 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.

Report Objectives

  • To define, describe, switchgear monitoring system market, based on type, component, voltage, monitoring type, and end user
  • To provide detailed information on the major factors influencing the growth of the switchgear monitoring system market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the switchgear monitoring system market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze the impact of COVID-19 on the switchgear monitoring system market for the estimation of the market size
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the switchgear monitoring system market with respect to the major regions (Asia Pacific, Europe, North America, South America, the Middle East, and Africa)
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments, such as new product launches, contracts & agreements, investments & expansions, and mergers & acquisitions, in the switchgear monitoring system 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

Get in-depth analysis of the COVID-19 impact on the Switchgear Monitoring System Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Switchgear Monitoring System Market

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