Switchgear Monitoring System Market

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High & Extra High Voltage, Medium Voltage, Low Voltage), Component (Hardware, Software & Services), Monitoring, End User (Utilities, Industries, Commercial) & Region - Global Forecast to 2028

Report Code: EP 6944 Dec, 2023, by marketsandmarkets.com

[208 Pages Report] The global switchgear monitoring system market is estimated to grow from USD 1.8 billion in 2023 to USD 2.7 billion by 2028; it is expected to record a CAGR of 8.4% during the forecast period. The increasing demand for switchgear monitoring systems is driven by growing energy requirements, the incorporation of renewable energy sources, electrification and continuous grid modernization initiatives. These products play a critical role in the efficient transmission and distribution of electricity, addressing the needs of urbanization, industrial expansion, and emerging markets, all while adhering to environmental regulations.

Switchgear Monitoring System Market

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Switchgear Monitoring System Market

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Switchgear Monitoring System Market Dynamics

Driver: Growing demand for reliable and continuous power supply

The growth in the demand for reliable and continuous power supply is driven by a confluence of factors, including increasing focus renewable energy , deployment of smart grids and digitalization, technological advancements, and the rising prevalence of electronic devices and data-driven systems. In an era where our lives are intricately connected to electricity, the importance of an uninterrupted power supply cannot be overstated. Industries depend on a constant energy source to maintain production and operations. Any power disruption can result in financial losses, delayed deliveries, and reduced competitiveness. The demand for continuous power supply is also amplified by the increasing integration of renewable energy sources into the power grid infrastructure, which can be intermittent.

Restraint: Implementation of stringent regulations to limit SF6 emissions from switchgears and ring main units

The implementation of switchgear monitoring systems is constrained by high costs associated with various elements. These expenses encompass the initial investment in hardware components, including the switchgear devices themselves, as well as the accompanying software and licensing fees. Additionally, there are substantial costs related to the implementation of a comprehensive switchgear monitoring system is hindered by several factors, including the extensive IT testing, project management, software integration, and staff training required. The high cost of deployment further limits its widespread adoption. Additionally, the integration of the new system necessitates significant investments in replacing the aging grid infrastructure and ensuring compatibility between hardware and software configurations. Moreover, the lack of an advanced communication network in many utilities poses a major challenge. Consequently, utilities in developing countries are hesitant to adopt switchgear monitoring systems.

Opportunities: Continuous increase in power generation capacity 

The growing deployment of smart grid and digitalization is creating significant opportunities for switchgear monitoring systems. As the electricity industry embraces digital intelligence and advanced metering, grid operations are becoming more efficient, enabling the integration of renewable energies and optimizing the balance between energy demand and supply. The increasing adoption of smart grids, the need for reliable power supply, and the growing emphasis on operational efficiency are driving the demand for switchgear monitoring systems. Additionally, the expansion of renewable energy infrastructure and the integration of digital technologies in power distribution networks are expected to surge the demand for switchgear monitoring systems. The switchgear monitoring system market is experiencing steady growth due to these factors, and it offers immense opportunities for industry participants and stakeholders.

Challenges: Supply chain disruptions

Inadequate data storage and management are significant concerns for switchgear monitoring systems. The effective management of data is crucial for ensuring the reliability and performance of switchgear assets in power grids. The lack of adequate data can hinder the implementation of supervised methods for condition monitoring, health assessment, and maintenance strategies. To address this issue, it is essential to consider robust data storage and management solutions that can support the continuous monitoring and analysis of switchgear performance. One approach to addressing inadequate data storage and management is to implement intelligent switchgear systems that are equipped with advanced data processing, storage, and visualization capabilities. These systems can store data from various sensors and analyze it to identify trends that could lead to unscheduled downtime. Additionally, the use of non-contact sensors such as IR cameras and thermal imaging cameras for periodic temperature measurement in switchgears can provide valuable data for condition monitoring.

Switchgear monitoring system Market Ecosystem

Leading companies in this market include well-established, financially secure producers of Switchgear monitoring system. These corporations have been long operating in the market and have a differentiated product portfolio, modern manufacturing technologies, and robust sales and marketing networks. Major companies in this market include ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland).

Switchgear Monitoring System Market

The temperature monitoring segment, is expected to be the largest segment market by services, during the forecast period.

By services, the switchgear monitoring system market is divided into four segment: Partial Discharge Monitoring, Gas Monitoring, Temperature Monitoring and Others. Temperature Monitoring segment by services is the largest segment in the market. Specifically, this segment benefits from the expansion of renewable energy sources and smart grid modernization. The operational temperature of switchgear plays a pivotal role in determining the asset's longevity, exhibiting a substantial correlation with its operational life. This integrated system continuously monitors switchgear temperatures, providing real-time data for assessing equipment health. Empowering operators to proactively manage thermal conditions, optimize maintenance strategies, and ensure prolonged operational reliability of switchgear assets in power distribution and transmission networks, making it the dominant segment in the market.

By voltage, the high & extra high volatage segment is expected to be the largest segment, during the forecast period.

This report segments the switchgear monitoring system market based on voltage into three segments: high & extra high voltage, medium voltage, and low voltage. The high & extra high voltage segment is expected to be the largest segment during the forecast period. These advanced switchgear systems find extensive use among various end users, including Transmission and Distribution (T&D) utilities, large power generation plants, as well as in railways and metros. Particularly crucial in transmission systems, high-voltage switchgear ensures the reliability and protection of grid infrastructure, making it an indispensable component for maintaining the stability of power networks. The demand for high-voltage switchgear is notably driven by substantial investments in transmission infrastructure, with emerging economies such as India, China, Saudi Arabia, and the UAE playing pivotal roles in boosting this segment of the market.

By end user, the industrial segment is expected to be the second fastest segment, during the forecast period

This report segments the switchgear monitoring system market based on end user into four segments: utilities, industrial, commercial, and others. The industrial segment is expected to be the second fastest segment during the forecast period. The systems deployed in this sector boast advanced technologies, including integrated protection and remote communication. These features not only safeguard costly instruments but also contribute to maximizing their lifespan and efficiency. Switchgear monitoring systems play a crucial role in ensuring the efficient and uninterrupted power supply across a spectrum of industries, including manufacturing, marine, oil & gas, mining, aviation, cement, aluminum, iron and steel, and automobile and chemicals. These systems are designed to comply with stringent safety standards to safeguard both equipment and personnel, these factors playing pivotal roles in boosting this segment of the market.

“Asia Pacific is expected to  be the largest and fastest region in the switchgear monitoring system market.”

Asia Pacific is expected to be the largest and fastest region in the switchgear monitoring systems market between 2023–2028. The market in Asia Pacific comprises China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific countries. The region has a well-established electrical infrastructure that requires continuous modernization and upgrades to ensure reliability and efficiency. Moreover, a growing emphasis on renewable energy integration and grid resilience drives demand for switchgear monitoring system. Additionally, the regionhave set ambitious targets for natural gas and renewable power generation from solar and wind sources, aiming to diversify their energy portfolios in the coming years. These are the key factors fostering the growth of the switchgear monitoring system market in the North America.

Switchgear Monitoring System Market Size, and Share

Key Market Players

The market is dominated by a few major players that have a wide regional presence. The major players in the switchgear monitoring system market are ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland). Between 2019 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the market. 

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Scope of the Report

Report Metric

Details

Market size available for years

  • 2021–2028

Base year considered

  • 2022

Forecast period

  • 2023–2028

Forecast units

  • Value (USD)

Segments Covered

  • Product type, pressure, end-use industry, distribution channel, and region

Geographies covered

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

Companies covered

  • Siemens Energy (Germany), ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), General Electric (US), Mitsubishi Electric (Japan), Emerson (US), Koncar Electrical Engineering Institute (Croatia), Tiara Vibrasindo Pratama (Indonesia), Senseor (France), Altanova Group (Italy), Dynamic Rating (US), Megger (UK), High Voltage Partial Discharge (HVPD) (Manchester), Rugged Monitoring (Canada), Power Diagnostic Service (Switzerland), Doble Engineering (US), Nuventra (Germany)

This research report categorizes the blower market by product type, pressure, end-use industry, distribution channel, and region

On the basis of type, the switchgear monitoring system market has been segmented as follows:
  • Air Insulated Switchgear
  • Gas Insulated Switchgear
On the basis of component, the market has been segmented as follows:
  • Hardware
  • Software
On the basis of voltage, the market has been segmented as follows:
  • Low Voltage
  • Medium Voltage
  • High & Extra High Voltage
On the basis of services, the market has been segmented as follows:
  • Partial Discharge Monitoring
  • Gas Monitoring
  • Temperature Monitoring
  • Others
On the basis of the end-user, the market has been segmented as follows:
  • Utilities
  • Industrial
  • Commercial
  • Others
On the basis of region, the switchgear monitoring market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In August 2023, Eaton invests more than USD 500 million in its North American manufacturing to meet rapidly increasing demand for the company’s electrical solutions across utility, commercial, data center, healthcare, industrial and residential markets.
  • In November 2022, The Digital HYpact switchgear was developed by General Electric as part of the EU-funded IN2STEMPO project, which is developing a smart railway power grid with an interconnected system that integrates smart metering, innovative power electronic components, energy management, and energy storage systems.
  • In October 2023, Eaton investing USD 85 million to increase North American manufacturing of essential utility solutions advancing the energy transition and electrification.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 UNIT CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH APPROACH 
           FIGURE 1 SWITCHGEAR MONITORING SYSTEM MARKET: RESEARCH DESIGN
    2.2 DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 List of key primary interview participants
                    2.2.2.2 Key data from primary sources
                    2.2.2.3 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES
    2.3 RESEARCH SCOPE 
           FIGURE 4 MAIN METRICS CONSIDERED TO ASSESS DEMAND FOR SWITCHGEAR MONITORING SYSTEM
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    2.4.3.1 Regional analysis
                    2.4.3.2 Country-level analysis
                    2.4.3.3 Demand-side assumptions
                    2.4.3.4 Demand-side calculations
           2.4.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SWITCHGEAR MONITORING SYSTEMS
                    FIGURE 8 SWITCHGEAR MONITORING SYSTEMS MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.4.1 Supply-side assumptions
                    2.4.4.2 Supply-side calculations
                               FIGURE 9 COMPANY REVENUE ANALYSIS, 2022
           2.4.5 FORECAST
    2.5 RISK ASSESSMENT 
    2.6 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    TABLE 1 SWITCHGEAR MONITORING SYSTEM MARKET: SNAPSHOT 
    FIGURE 10 GAS-INSULATED SWITCHGEAR SEGMENT TO HOLD LARGER MARKET SHARE IN 2023 
    FIGURE 11 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 
    FIGURE 12 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 
    FIGURE 13 TEMPERATURE MONITORING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 
    FIGURE 14 UTILITIES SEGMENT TO SECURE LARGEST MARKET SHARE IN 2028 
    FIGURE 15 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWITCHGEAR MONITORING SYSTEM MARKET 
           FIGURE 16 GROWING DEPLOYMENT OF SMART GRIDS AND INCREASING DIGITALIZATION TO DRIVE MARKET
    4.2 MARKET IN ASIA PACIFIC,  BY END USER AND COUNTRY 
           FIGURE 17 UTILITIES SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2022
    4.3 SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE 
           FIGURE 18 GAS-INSULATED SWITCHGEAR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
    4.4 MARKET, BY COMPONENT 
           FIGURE 19 HARDWARE TO SECURE LARGER MARKET SHARE IN 2028
    4.5 MARKET, BY VOLTAGE 
           FIGURE 20 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
    4.6 MARKET, BY SERVICE 
           FIGURE 21 TEMPERATURE MONITORING SEGMENT TO COMMAND MARKET IN 2028
    4.7 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER 
           FIGURE 22 UTILITIES SEGMENT TO COMMAND MARKET IN 2028
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 23 SWITCHGEAR MONITORING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Shift from conventional maintenance methods to condition-based services
                               TABLE 2 PROJECTS/REGULATIONS BY DIFFERENT COUNTRIES FOR ENERGY TRANSITION
                    5.2.1.2 Strengthened power distribution infrastructure
                    5.2.1.3 Rising use of electric distribution and transmission systems powered by renewable energy sources
                               FIGURE 24 ANNUAL CLEAN ENERGY INVESTMENT (USD BILLION)
                               FIGURE 25 ENERGY TRANSITION INVESTMENT BY TOP 10 COUNTRIES, 2021
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing deployment of smart grids
                               FIGURE 26 ANNUAL INVESTMENT EXPENDITURE ON ELECTRICITY GRIDS, 2015–2022
           5.2.4 CHALLENGES
                    5.2.4.1 Inadequate data storage and management concerns
                    5.2.4.2 Susceptibility of switchgear monitoring systems to cyber threats
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 3 COMPANIES AND THEIR ROLES IN SWITCHGEAR MONITORING SYSTEM ECOSYSTEM
           FIGURE 28 ECOSYSTEM/MARKET MAP
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 29 VALUE CHAIN ANALYSIS: SYSTEM MANUFACTURERS/INSTALLATION AND MAINTENANCE SERVICE PROVIDERS TO ADD MAXIMUM VALUE TO OVERALL PRODUCT
           5.5.1 RAW MATERIAL/COMPONENT PROVIDERS
           5.5.2 SWITCHGEAR MONITORING SYSTEM MANUFACTURERS
           5.5.3 DISTRIBUTORS/RESELLERS
           5.5.4 END USERS/OPERATORS
           5.5.5 MAINTENANCE/SERVICE PROVIDERS
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 SURFACE ACOUSTIC WAVE (SAW) TECHNOLOGY
           5.6.2 INTELLIGENT SWITCHGEAR
    5.7 PRICING ANALYSIS 
           FIGURE 30 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY TYPE, 2017–2022
           TABLE 4 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS,  BY TYPE (USD/UNIT)
           TABLE 5 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS,  BY REGION (USD/UNIT)
           FIGURE 31 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY REGION
    5.8 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPE 
           5.8.1 TARIFFS
                    TABLE 6 IMPORT DATA FOR HS 8536-COMPLIANT LOW-VOLTAGE PROTECTION EQUIPMENT, 2019
                    TABLE 7 IMPORT DATA FOR HS 8535-COMPLIANT HIGH-VOLTAGE PROTECTION EQUIPMENT, 2019
           5.8.2 REGULATORY LANDSCAPE
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           5.8.3 STANDARDS
    5.9 PATENT ANALYSIS, 2021–2023 
           TABLE 12 MARKET: LIST OF PATENTS, 2021–2023
    5.10 TRADE ANALYSIS 
           5.10.1 IMPORT SCENARIO
                    TABLE 13 IMPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY,  2020–2022 (USD THOUSAND)
           5.10.2 EXPORT SCENARIO
                    TABLE 14 EXPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY,  2020–2022 (USD THOUSAND)
    5.11 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 15 SWITCHGEAR MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 32 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.11.1 THREAT OF SUBSTITUTES
           5.11.2 BARGAINING POWER OF SUPPLIERS
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 THREAT OF NEW ENTRANTS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 16 SWITCHGEAR MONITORING SYSTEMS MARKET: LIST OF CONFERENCES AND EVENTS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
    5.14 BUYING CRITERIA 
                    FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE END USERS
                    TABLE 18 KEY BUYING CRITERIA FOR TOP THREE END USERS
    5.15 CASE STUDY ANALYSIS 
           5.15.1 USE OF DEEP LEARNING TECHNOLOGY-BASED MONITORING SYSTEM TO DETECT SWITCHGEAR FAULTS AT MEDIUM VOLTAGE
           5.15.2 ADOPTION OF TIME-OF-LIGHT MEASUREMENT TECHNIQUE TO AVOID MC SWITCHGEAR FAILURE
           5.15.3 INSTALLATION AND COMMISSIONING OF TEMPERATURE MONITORING TECHNOLOGY ON CIRCUIT BREAKERS TO PREVENT ELECTRICAL ASSET FAILURE
 
6 SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE (Page No. - 85)
    6.1 INTRODUCTION 
           FIGURE 35 GAS-INSULATED SWITCHGEAR SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022
           TABLE 19 SWITCHGEAR MONITORING SYSTEMS MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
    6.2 GAS-INSULATED SWITCHGEAR 
           6.2.1 DEPLOYMENT IN HIGH-VOLTAGE APPLICATIONS TO BOOST DEMAND
                    TABLE 20 GAS-INSULATED SWITCHGEAR: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 AIR-INSULATED SWITCHGEAR 
           6.3.1 EASE OF MAINTENANCE AND ENVIRONMENT-FRIENDLY NATURE TO ACCELERATE DEMAND
                    TABLE 21 AIR-INSULATED SWITCHGEAR: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT (Page No. - 89)
    7.1 INTRODUCTION 
           FIGURE 36 HARDWARE SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022
           TABLE 22 SWITCHGEAR MONITORING SYSTEMS MARKET, BY COMPONENT,  2021–2028 (USD MILLION)
    7.2 HARDWARE 
           7.2.1 ONGOING TECHNOLOGICAL ADVANCEMENTS IN HARDWARE COMPONENTS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES  TO PLAYERS
           7.2.2 INTELLIGENT EQUIPMENT DEVICES
           7.2.3 DISTRIBUTION NETWORK FEEDERS
           7.2.4 OTHER HARDWARE COMPONENTS
                    TABLE 23 HARDWARE: MARKET, BY REGION,  2021–2028 (USD MILLION)
    7.3 SOFTWARE 
           7.3.1 PRESSING NEED TO HANDLE DATA PROCESSING AND EXECUTION TO BOOST DEMAND FOR SECURE AND EMBEDDED SOFTWARE
                    TABLE 24 SOFTWARE: MARKET, BY REGION,  2021–2028 (USD MILLION)
 
8 SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE (Page No. - 94)
    8.1 INTRODUCTION 
           FIGURE 37 TEMPERATURE MONITORING SEGMENT DOMINATED MARKET IN 2022
           TABLE 25 SWITCHGEAR MONITORING SYSTEMS MARKET, BY SERVICES, 2021–2028 (USD MILLION)
    8.2 PARTIAL DISCHARGE MONITORING 
           8.2.1 GROWING DEMAND FOR HIGH-PERFORMANCE AND RELIABLE ELECTRICAL ASSETS TO STIMULATE DEMAND
                    TABLE 26 PARTIAL DISCHARGE MONITORING: MARKET,  BY REGION, 2021–2028 (USD MILLION)
    8.3 GAS MONITORING 
           8.3.1 NEED TO MONITOR OPERATING TEMPERATURE OF ELECTRICAL EQUIPMENT TO ELEVATE DEMAND
                    TABLE 27 GAS MONITORING: MARKET, BY REGION,  2021–2028 (USD MILLION)
    8.4 TEMPERATURE MONITORING 
           8.4.1 CRITICAL NEED FOR DETECTING OPERATING TEMPERATURE OF ELECTRICAL EQUIPMENT HEALTH TO FOSTER SEGMENTAL GROWTH
                    TABLE 28 TEMPERATURE MONITORING: MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.5 OTHER SERVICES 
           TABLE 29 OTHER SERVICES: MARKET, BY REGION,  2021–2028 (USD MILLION)
 
9 SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE (Page No. - 100)
    9.1 INTRODUCTION 
           FIGURE 38 HIGH AND EXTRA HIGH VOLTAGE SEGMENT HELD MAXIMUM MARKET  SHARE IN 2022
           TABLE 30 SWITCHGEAR MONITORING SYSTEMS MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
    9.2 LOW VOLTAGE 
           9.2.1 ABILITY TO ENHANCE SAFETY AND RELIABILITY BY PROVIDING REAL-TIME INSIGHTS TO BOOST DEMAND
                    TABLE 31 LOW VOLTAGE: MARKET, BY REGION,  2021–2028 (USD MILLION)
    9.3 MEDIUM VOLTAGE 
           9.3.1 ABILITY TO OFFER ELECTRICAL PROTECTION AGAINST OVERLOAD CURRENTS AND PREVENT INSULATION FAILURES TO BOOST DEMAND
                    TABLE 32 MEDIUM VOLTAGE: MARKET, BY REGION,  2021–2028 (USD MILLION)
    9.4 HIGH AND EXTRA HIGH VOLTAGE 
           9.4.1 RAPID DEVELOPMENT OF POWER TRANSMISSION NETWORKS IN DEVELOPING COUNTRIES TO BOOST DEMAND
                    TABLE 33 HIGH AND EXTRA HIGH VOLTAGE: MARKET,  BY REGION, 2021–2028 (USD MILLION)
 
10 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER (Page No. - 105)
     10.1 INTRODUCTION 
               FIGURE 39 UTILITIES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
               TABLE 34 MARKET, BY END USER, 2021–2028 (USD MILLION)
     10.2 UTILITIES 
             10.2.1 IMPLEMENTATION OF IP NETWORKS TO ENHANCE MONITORING CAPABILITIES OF SWITCHGEAR TO DRIVE MARKET
                       TABLE 35 UTILITIES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2028 (USD MILLION)
     10.3 INDUSTRIAL 
             10.3.1 STRONG FOCUS OF INDUSTRIES ON PREVENTING FINANCIAL LOSSES ASSOCIATED WITH POWER TO DRIVE MARKET
                       TABLE 36 INDUSTRIAL: MARKET, BY REGION,  2021–2028 (USD MILLION)
     10.4 COMMERCIAL 
             10.4.1 RAPID URBANIZATION IN DEVELOPING COUNTRIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS
                       TABLE 37 COMMERCIAL: MARKET, BY REGION,  2021–2028 (USD MILLION)
     10.5 OTHER END USERS 
               TABLE 38 OTHER END USERS: MARKET, BY REGION,  2021–2028 (USD MILLION)
 
11 SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION (Page No. - 110)
     11.1 INTRODUCTION 
               FIGURE 40 ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
               FIGURE 41 ASIA PACIFIC HELD FOR LARGEST SHARE OF GLOBAL MARKET IN 2022
               TABLE 39 MARKET, BY REGION, 2021–2028 (USD MILLION)
               TABLE 40 MARKET, BY REGION, 2021–2028 (UNITS)
     11.2 EUROPE 
               FIGURE 42 EUROPE: MARKET SNAPSHOT
             11.2.1 RECESSION IMPACT ON MARKET IN EUROPE
                       TABLE 41 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       TABLE 42 EUROPE: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 43 EUROPE: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 44 EUROPE: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                       TABLE 45 EUROPE: MARKET, BY COMPONENT,  2021–2028 (USD MILLION)
                       TABLE 46 EUROPE: MARKET, BY SERVICE,  2021–2028 (USD MILLION)
                       TABLE 47 EUROPE: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 48 EUROPE: MARKET, BY END USER,  2021–2028 (USD MILLION)
                       TABLE 49 EUROPE: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
             11.2.2 UK
                       11.2.2.1 Rising integration of renewable energy into power mix to drive market
                                   TABLE 50 UK: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             11.2.3 GERMANY
                       11.2.3.1 Enforcement of stringent rules for deployment of power transmission grids to fuel market growth
                                   TABLE 51 GERMANY: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.2.4 FRANCE
                       11.2.4.1 Growing dependence on nuclear power plants to contribute to market growth
                                   TABLE 52 FRANCE: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.2.5 ITALY
                       11.2.5.1 Escalating investments in green energy projects to augment adoption of switchgear monitoring systems
                                   TABLE 53 ITALY: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             11.2.6 RUSSIA
                       11.2.6.1 Rising commitment toward carbon neutrality to accelerate market growth
                                   TABLE 54 RUSSIA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.2.7 REST OF EUROPE
                       TABLE 55 REST OF EUROPE: MARKET, BY TYPE,  2021–2028 (USD MILLION)
     11.3 ASIA PACIFIC 
               FIGURE 43 ASIA PACIFIC: MARKET SNAPSHOT
             11.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
                       TABLE 56 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       TABLE 57 ASIA PACIFIC: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 58 ASIA PACIFIC: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 59 ASIA PACIFIC: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 60 ASIA PACIFIC: MARKET, BY COMPONENT,  2021–2028 (USD MILLION)
                       TABLE 61 ASIA PACIFIC: MARKET, BY SERVICE,  2021–2028 (USD MILLION)
                       TABLE 62 ASIA PACIFIC: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 63 ASIA PACIFIC: MARKET, BY END USER,  2021–2028 (USD MILLION)
                       TABLE 64 ASIA PACIFIC: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
             11.3.2 CHINA
                       11.3.2.1 Increasing investments in renewable energy projects to support market growth
                                   TABLE 65 CHINA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.3.3 JAPAN
                       11.3.3.1 Rising government-led initiatives to meet power supply demand to fuel market growth
                                   TABLE 66 JAPAN: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.3.4 INDIA
                       11.3.4.1 Shifting focus toward electrification of remote areas to propel market
                                   TABLE 67 INDIA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.3.5 SOUTH KOREA
                       11.3.5.1 Increasing developments of offshore wind infrastructure to contribute to market growth
                                   TABLE 68 SOUTH KOREA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.3.6 AUSTRALIA
                       11.3.6.1 Rising electrification of railroad networks to accelerate market growth
                                   TABLE 69 AUSTRALIA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.3.7 REST OF ASIA PACIFIC
                       TABLE 70 REST OF ASIA PACIFIC: MARKET, BY TYPE,  2021–2028 (USD MILLION)
     11.4 NORTH AMERICA 
             11.4.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
                       TABLE 71 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       TABLE 72 NORTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 73 NORTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 74 NORTH AMERICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 75 NORTH AMERICA: MARKET, BY COMPONENT,  2021–2028 (USD MILLION)
                       TABLE 76 NORTH AMERICA: MARKET, BY SERVICE,  2021–2028 (USD MILLION)
                       TABLE 77 NORTH AMERICA: MARKET FOR PARTIAL DISCHARGE MONITORING SERVICE, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 78 NORTH AMERICA: MARKET, BY END USER,  2021–2028 (USD MILLION)
                       TABLE 79 NORTH AMERICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
             11.4.2 US
                       11.4.2.1 Strong focus on renewable energy infrastructure development to contribute to market growth
                                   TABLE 80 US: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             11.4.3 CANADA
                       11.4.3.1 Rising investments in wind energy projects to foster market growth
                                   TABLE 81 CANADA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.4.4 MEXICO
                       11.4.4.1 Growing focus on generating power using renewable sources to fuel market growth
                                   TABLE 82 MEXICO: MARKET, BY TYPE,  2021–2028 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
                       TABLE 83 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       TABLE 84 MIDDLE EAST & AFRICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 85 MIDDLE EAST & AFRICA: MARKET FOR  GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE,  2021–2028 (USD MILLION)
                       TABLE 86 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
                       TABLE 88 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
                       TABLE 89 MIDDLE EAST & AFRICA: MARKET, PARTIAL DISCHARGE MONITORING, 2021–2028 (USD MILLION)
                       TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY END USER,  2021–2028 (USD MILLION)
                       TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
                       TABLE 92 REST OF GCC GCC COUNTRIES: MARKET,  BY COUNTRY, 2021–2028 (USD MILLION)
             11.5.2 REST OF GCC COUNTRIES
                       11.5.2.1 Saudi Arabia
                                   11.5.2.1.1 Rising initiatives to generate power through renewable sources to drive market
                                   TABLE 93 SAUDI ARABIA: MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       11.5.2.2 UAE
                                   11.5.2.2.1 Growing emphasis on improving onshore power grid to accelerate market growth
                                   TABLE 94 UAE: MARKET, BY TYPE, 2021–2028 (USD MILLION)
                       11.5.2.3 Kuwait
                                   11.5.2.3.1 Increasing transition toward clean energy to boost adoption of switchgear monitoring systems
                                   TABLE 95 KUWAIT: MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       11.5.2.4 Rest of GCC countries
                                   TABLE 96 REST OF GCC COUNTRIES: MARKET,  BY TYPE, 2021–2028 (USD MILLION)
             11.5.3 SOUTH AFRICA
                       11.5.3.1 Rising focus on modernizing grid infrastructure to fuel market growth
                                   TABLE 97 SOUTH AFRICA: MARKET,  BY TYPE, 2021–2028 (USD MILLION)
             11.5.4 REST OF MIDDLE EAST & AFRICA
                       TABLE 98 REST OF MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
     11.6 SOUTH AMERICA 
             11.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
                       TABLE 99 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE,  2021–2028 (USD MILLION)
                       TABLE 100 SOUTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 101 SOUTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
                       TABLE 102 SOUTH AMERICA: MARKET, BY VOLTAGE,  2021–2028 (USD MILLION)
                       TABLE 103 SOUTH AMERICA: MARKET, BY COMPONENT,  2021–2028 (USD MILLION)
                       TABLE 104 SOUTH AMERICA: MARKET, BY SERVICE,  2021–2028 (USD MILLION)
                       TABLE 105 SOUTH AMERICA: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
                       TABLE 106 SOUTH AMERICA: MARKET, BY END USER,  2021–2028 (USD MILLION)
                       TABLE 107 SOUTH AMERICA: MARKET, BY COUNTRY,  2021–2028 (USD MILLION)
             11.6.2 BRAZIL
                       11.6.2.1 Surging power demand and need for electrification to propel market
                                   TABLE 108 BRAZIL: MARKET, BY TYPE,  2021–2028 (USD MILLION)
             11.6.3 ARGENTINA
                       11.6.3.1 Increasing government investments in offshore gas production projects to drive market
                                   TABLE 109 ARGENTINA: MARKET, BY END USER,  2021–2028 (USD MILLION)
             11.6.4 REST OF SOUTH AMERICA
                       TABLE 110 REST OF SOUTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 149)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY MAJOR PLAYERS, 2022–2023 
               TABLE 111 MARKET: OVERVIEW OF STRATEGIES ADOPTED  BY KEY PLAYERS, 2022–2023
     12.3 MARKET SHARE ANALYSIS, 2022 
               FIGURE 44 SWITCHGEAR MONITORING SYSTEM MARKET SHARE ANALYSIS, 2022
               TABLE 112 MARKET ANALYSIS, 2022
               FIGURE 45 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
     12.4 REVENUE ANALYSIS, 2018–2022 
               FIGURE 46 MARKET: REVENUE ANALYSIS OF  TOP FIVE PLAYERS
     12.5 COMPANY EVALUATION MATRIX, 2022 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 47 MARKET: COMPANY EVALUATION  MATRIX, 2022
             12.5.5 COMPANY FOOTPRINT
                       TABLE 113 COMPANY VOLTAGE FOOTPRINT
                       TABLE 114 COMPANY TYPE FOOTPRINT
                       TABLE 115 COMPANY END USER FOOTPRINT
                       TABLE 116 COMPANY REGION FOOTPRINT
                       TABLE 117 OVERALL COMPANY FOOTPRINT
     12.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                       FIGURE 48 START-UPS/SMES EVALUATION MATRIX, 2022
             12.6.5 COMPETITIVE BENCHMARKING
                       TABLE 118 SWITCHGEAR MONITORING SYSTEM MARKET: LIST OF KEY START-UPS/SMES
                       TABLE 119 MARKET: COMPETITIVE BENCHMARKING  OF START-UPS
     12.7 COMPETITIVE SCENARIOS AND TRENDS 
             12.7.1 PRODUCT LAUNCHES
                       TABLE 120 MARKET: PRODUCT LAUNCHES, 2023
             12.7.2 DEALS
                       TABLE 121 MARKET: DEALS, 2021–2023
 
13 COMPANY PROFILES (Page No. - 165)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     13.1 KEY PLAYERS 
             13.1.1 SIEMENS ENERGY
                       TABLE 122 SIEMENS ENERGY: COMPANY OVERVIEW
                       FIGURE 49 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 123 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 124 SIEMENS ENERGY: DEALS
             13.1.2 ABB
                       TABLE 125 ABB: COMPANY OVERVIEW
                       FIGURE 50 ABB: COMPANY SNAPSHOT
                       TABLE 126 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 127 ABB: PRODUCT LAUNCHES
             13.1.3 SCHNEIDER ELECTRIC
                       TABLE 128 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                       FIGURE 51 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       TABLE 129 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 130 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
                       TABLE 131 SCHNEIDER ELECTRIC: DEALS
             13.1.4 EATON
                       TABLE 132 EATON: COMPANY OVERVIEW
                       FIGURE 52 EATON: COMPANY SNAPSHOT
                       TABLE 133 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 134 EATON: DEALS
             13.1.5 GENERAL ELECTRIC
                       TABLE 135 GENERAL ELECTRIC: COMPANY OVERVIEW
                       FIGURE 53 GENERAL ELECTRIC: COMPANY SNAPSHOT
                       TABLE 136 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 137 GENERAL ELECTRIC: PRODUCT LAUNCHES
             13.1.6 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 138 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
                       FIGURE 54 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                       TABLE 139 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 140 MITSUBISHI ELECTRIC CORPORATION: DEALS
             13.1.7 EMERSON ELECTRIC CO.
                       TABLE 141 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
                       FIGURE 55 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                       TABLE 142 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.8 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.
                       TABLE 143 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.: COMPANY OVERVIEW
                       TABLE 144 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.9 PT. TIARA VIBRASINDO PRATAMA
                       TABLE 145 PT. TIARA VIBRASINDO PRATAMA: COMPANY OVERVIEW
                       TABLE 146 PT. TIARA VIBRASINDO PRATAMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.10 SENSEOR – WIKA GROUP
                       TABLE 147 SENSEOR – WIKA GROUP: COMPANY OVERVIEW
                       TABLE 148 SENSEOR – WIKA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.11 ALTANOVA GROUP
                       TABLE 149 ALTANOVA GROUP: COMPANY OVERVIEW
                       TABLE 150 ALTANOVA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.12 DYNAMIC RATINGS
                       TABLE 151 DYNAMIC RATINGS: COMPANY OVERVIEW
                       TABLE 152 DYNAMIC RATINGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.13 OSENSA INNOVATIONS
                       TABLE 153 OSENSA INNOVATIONS: COMPANY OVERVIEW
                       TABLE 154 OSENSA INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.14 MEGGER
                       TABLE 155 MEGGER: COMPANY OVERVIEW
                       TABLE 156 MEGGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.15 IPEC LTD.
                       TABLE 157 IPEC LTD.: COMPANY OVERVIEW
                       TABLE 158 IPEC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     13.2 OTHER PLAYERS 
             13.2.1 MONITRA LTD.
             13.2.2 RUGGED MONITORING
             13.2.3 PDS
             13.2.4 DOBLE ENGINEERING COMPANY
             13.2.5 NUVENTURA GMBH
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
14 APPENDIX (Page No. - 200)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 

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

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Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Switchgear monitoring system Market Size: Bottom-Up Approach

Switchgear Monitoring System Market Size, and Share

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Switchgear Monitoring System Market Size, and Share

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.

Market Definition

Switchgear monitoring systems offer the continuous monitoring of switchgear cubicles by recording the real-time information of operational parameters using sensors. The sensors installed in switchgear apparatuses monitor the threshold breaches, warn of any significant change in operating performance, and assemble an overall condition assessment of the apparatuses.

Key Stakeholders

  • Public and private electric utilities
  • Distribution companies (DISCOM)
  • Switchgear manufacturers, dealers, and suppliers
  • Switchgear monitoring system component manufacturers
  • Energy & power sector consulting companies
  • Government & research organizations
  • Independent power producers
  • Investment banks
  • Electrical equipment associations
  • Assembly, testing, and packaging vendors
  • Integrated device manufacturers (IDMs)
  • Process industries and power and energy associations
  • Raw material and manufacturing equipment suppliers

Report Objectives

  • To define, describe, switchgear monitoring system market, based on type, component, voltage, services, and end user
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, collaborations, and acquisitions, in the market
  • To track and analyze competitive developments, such as new product launches, contracts & agreements, investments & expansions, and mergers & acquisitions, in the market

Available Customizations:

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Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
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Report Code
EP 6944
Published ON
Dec, 2023
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