Switchgear Monitoring System Market

Switchgear Monitoring System Market by Switchgear Type (GIS, AIS), Component (Hardware, Software) End-User (Utilities, Industries, Commercial, Others), Voltage (Medium, High), Monitoring Type (Temperature, PD, Others), and Region - Global Forecast to 2023

[140 Pages Report] The global switchgear monitoring system market is projected to reach a size of USD 2.0 billion by 2023, at a CAGR of 7.83%, from an estimated USD 1.4 billion in 2018. Growing investments in renewable energy and demand for safe and secure electrical distribution systems have increased the demand for switchgear monitoring system.  

Switchgear Monitoring System Market

By switchgear type, the gas insulated segment (GIS) accounts for the largest contribution in the switchgear monitoring system market during the forecast period.

The report segments the switchgear monitoring system market, by switchgear type, into GIS and AIS. The GIS type is expected to hold the largest market share by 2023. They are mainly used in industrial areas to fulfill high-energy demands through a space-saving design of minimum cost. GIS are deployed in various industries, serving different needs at varying voltage levels. This would drive the demand for GIS monitoring systems.

The hardware segment is expected to be the largest contributor during the forecast period.

The switchgear monitoring system market, by component, is segmented into hardware and software & services. The hardware segment is expected to dominate the market by 2023. Hardware devices help control, measure, transmit, and analyze the data in the process and non-process industries, utilities, commercial, and other sectors. As these devices can be controlled or automated from the control room by the control system/software, they are essential in monitoring operations.

By end-user, the utilities segment is expected to grow at the fastest rate during the forecast period.

Utilities segment is responsible for the generation, transmission, and distribution of electricity. Electric utilities include investor-owned and publicly-owned cooperatives and nationalized entities, which are the major providers of electricity in most of the countries, worldwide. On the other hand, increasing laws supporting reliable, uninterrupted power supply is increasingly being adopted in regions such as North America and Europe which is driving the market for switchgear monitoring system.

Switchgear Monitoring System Market

Asia Pacific is expected to account for the largest market size during the forecast period.

North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the market. Asia Pacific is estimated to be the largest market from 2018 to 2023. Countries such as China and India are undertaking a lot of smart grid and substation projects to fulfil the growing demand for energy. This would drive the switchgear monitoring system market in the region.

The major players in the global switchgear monitoring system market are Schneider Electric (France), Siemens AG (Germany), ABB (Switzerland), General Electric (US), Emerson (US), Eaton Corporation (Republic of Ireland), Koncar Electrical Engineering Institute (Croatia), Mitsubishi (Japan), Tiara Vibrasindo Pratama (Indonesia), Trafag (Switzerland), Senseor (France), Fortive (US), and Independent Power Engineering Consultants (UK).

Recent Developments

  • In December 2018, IntelliSAW launched a new family of sensors designed for LV asset monitoring, leveraging its Integrated Near-Field Coupling (iNFC™) technology.
  • 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 air insulated switchgear (AIS) installation with its gas insulated switchgear (GIS) technology. In addition to the supply, ABB will also install modular switchgear monitoring (MSM) devices onto the GIS to enable online condition monitoring of the circuit breakers.
  • In April 2017, ABB launched a new series for molded circuit breakers, the new SACE Tmax XT that offers metering and connectivity features, high performance, protection at up to 1,600 A.
  • In May 2017, Schneider Electric won a contract from Neoen (France) to deliver 1,500 V central inverters, transformer, monitoring, and medium voltage switchgear solutions to solar projects.

Key questions addressed by the report

  • The report identifies and addresses key markets for switchgear monitoring system, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make better strategic decisions.
  • The report addresses the market share analysis of key players in market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging geographies for switchgear monitoring system, and hence, the entire market ecosystem can gain competitive advantage.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Market Size Estimation
           2.1.1 Ideal Demand-Side Analysis
                    2.1.1.1 Assumptions
           2.1.2 Supply-Side Analysis
                    2.1.2.1 Calculation
           2.1.3 Forecast
    2.2 Some of the Insights of Industry Experts

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Switchgear Monitoring System Market By 2023
    4.2 Switchgear Monitoring System Market, By Region
    4.3 Asia Pacific Switchgear Monitoring System Market, By Monitoring Type & Country
    4.4 Switchgear Monitoring System Market, By Switchgear Type
    4.5 Switchgear Monitoring System Market, By End-User
    4.6 Switchgear Monitoring System Market, By Component
    4.7 Switchgear Monitoring System Market, By Voltage

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Demand for Safe and Secure Electrical Distribution Systems
                    5.2.1.2 Demand for Continuous Monitoring of Switchgears
                    5.2.1.3 Revival of Investments in the Construction Sector
                    5.2.1.4 Growing Investments in Renewable Energy
           5.2.2 Restraints
                    5.2.2.1 High Cost of Monitoring Devices
                    5.2.2.2 Stringent Environmental and Safety Regulations for SF6 Switchgears
           5.2.3 Opportunities
                    5.2.3.1 Growth of Data Centers
                    5.2.3.2 Execution of Performance-Based Incentive Schemes and Definite Service Programs
                    5.2.3.3 HVDC Transmission
                    5.2.3.4 Aging Power Infrastructure
           5.2.4 Challenges
                    5.2.4.1 Cybersecurity
                    5.2.4.2 Delays in Grid Expansion Projects

6 Switchgear Monitoring System, By Type (Page No. - 42)
    6.1 Introduction
    6.2 GIS
           6.2.1 Asia Pacific Holds the Largest Region for GIS Switchgear Monitoring System Market
    6.3 Ais
           6.3.1 Asia Pacific is Expected to Grow at the Fastest CAGR From 2018–2023

7 Switchgear Monitoring System Market, By Component (Page No. - 46)
    7.1 Introduction
    7.2 Hardware
           7.2.1 North America is the Second Largest Market for Hardware Segment
                    7.2.1.1 Ied
                    7.2.1.2 Distribution Network Feeders
                    7.2.1.3 Others
    7.3 Software & Services
           7.3.1 Constant Upgrades in Switchgear Monitoring Modules is Expected to Drive the Software & Service Segment

8 Switchgear Monitoring System Market, By End-User (Page No. - 51)
    8.1 Introduction
    8.2 Utilities
           8.2.1 Rising Investments in T&D Networks is Expected to Drive the Utilities Segment
    8.3 Industries
           8.3.1 Reduced Industrial Downtime and Improved Efficiency are Major Factors Driving Growth of Switchgear Monitoring System in Industries Segment
    8.4 Commercial
           8.4.1 Asia Pacific Holds the Largest Market for Switchgear Monitoring System in Commercial Segment
    8.5 Others

9 Switchgear Monitoring System, By Voltage (Page No. - 57)
    9.1 Introduction
    9.2 High Voltage
           9.2.1 Asia Pacific is the Largest Market for High Voltage Switchgear Monitoring Systems
    9.3 Medium Voltage
           9.3.1 Asia Pacific is Expected to Grow at the Fastest CAGR During the Forecast Period

10 Switchgear Monitoring System Market, By Monitoring Type (Page No. - 61)
     10.1 Introduction
     10.2 Temperature Monitoring
             10.2.1 North America is the Second Largest Market for Temperature Monitoring Segment
     10.3 Partial Discharge Monitoring
             10.3.1 Improved Reliability, Safety, and Efficiency are Major Factors Driving the Partial Discharge Monitoring Segment
     10.4 Others

11 Switchgear Monitoring System Market, By Region (Page No. - 65)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
                        11.2.1.1 Increasing Investment in Digital Substation and Switchgear is Expected to Drive the Chinese Switchgear Monitoring System Market
             11.2.2 India
                        11.2.2.1 GIS Segment is Expected to Dominate the Indian Switchgear Monitoring System Market
             11.2.3 Japan
                        11.2.3.1 Strong Emphasis on Energy Efficiency and Security Through Smart Grids is Expected to Drive the Japanese Switchgear Monitoring System Market
             11.2.4 Australia
                        11.2.4.1 Rising Investment in Renewables, Distribution Infrastructure, and Connectivity Will Drive the Australian Switchgear Monitoring System Market
             11.2.5 Rest of Asia Pacific
                        11.2.5.1 Indonesia, Singapore, and Malaysia are Expected to Lead the Rest of Asia Pacific Market
     11.3 North America
             11.3.1 US
                        11.3.1.1 Large Planned Capex in Power Generation Infrastructure Will Drive the US Switchgear Monitoring System Market
             11.3.2 Canada
                        11.3.2.1 GIS Segment is Expected to Be the Fastest Growing Market in Canada
             11.3.3 Mexico
                        11.3.3.1 Investments in Electric Power Infrastructure and Smart Grid Have Created Opportunity for the Mexican Switchgear Monitoring System Market
     11.4 Europe
             11.4.1 Germany
                        11.4.1.1 Investments in Renewables, Government Focus on Energy Efficiency, and Replacement Opportunity for Aging Infrastructure are Major Factors Contributing to the Growth of the German Switchgear Monitoring System Market
             11.4.2 UK
                        11.4.2.1 GIS Segment is Expected to Dominate the UK Switchgear Monitoring System Market
             11.4.3 Russia
                        11.4.3.1 Strong Investment in T&D Infrastructure is Expected to Drive the Russian Switchgear Monitoring System Market
             11.4.4 France
                        11.4.4.1 Utilities Segment is Expected to Dominate the French Switchgear Monitoring System Market
             11.4.5 Rest of Europe
                        11.4.5.1 Italy and Spain are Expected to Lead the Rest of Europe Market
     11.5 Middle East & Africa
             11.5.1 Saudi Arabia
                        11.5.1.1 GIS Segment is Expected to Be the Fastest Growing Market in Saudi Arabia
             11.5.2 UAE
                        11.5.2.1 Utilities Segment is Expected to Dominate the UAE Switchgear Monitoring System Market
             11.5.3 Kuwait
                        11.5.3.1 Strong Investment in Power Generation and Distribution is Likely to Drive the Kuwaiti Switchgear Monitoring System Market
             11.5.4 South Africa
                        11.5.4.1 Rising Investment in Power Capacity Addition and Energy Efficiency Will Drive the South African Switchgear Monitoring System Market
             11.5.5 Rest of Middle East & Africa
                        11.5.5.1 Qatar, Nigeria, and Algeria are Expected to Drive the Rest of Middle East & Africa Market
     11.6 South America
             11.6.1 Brazil
                        11.6.1.1 GIS Segment is Expected to Dominate the Brazilian Switchgear Monitoring System Market
             11.6.2 Argentina
                        11.6.2.1 Utilities Segment Will Dominate the Argentinian Switchgear Monitoring System Market
             11.6.3 Rest of South America
                        11.6.3.1 Ecuador, Bolivia, Uruguay, and Chile are Expected to Lead the Rest of South America Market

12 Competitive Landscape (Page No. - 105)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Scenario
             12.3.1 New Product Development, 2015-2018
             12.3.2 Mergers & Acquisitions, 2015
             12.3.3 Contracts & Agreements, 2016-2018
     12.4 Competitive Leadership Mapping
             12.4.1 Visionary Leaders
             12.4.2 Innovators
             12.4.3 Dynamic
             12.4.4 Emerging

13 Company Profile (Page No. - 111)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     13.1 Schneider Electric
     13.2 General Electric
     13.3 ABB
     13.4 Siemens AG
     13.5 Eaton
     13.6 Emerson
     13.7 Fortive
     13.8 Mitsubishi Electric Corporation
     13.9 Koncar – Electrical Engineering Institute. Inc
     13.10 Tiara Vibrasindo Pratama
     13.11 Trafag
     13.12 Senseor
     13.13 Independent Power Engineering Consultants

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 133)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (95 Tables)

Table 1 Transmission & Distribution Investment & Key End-User Growth Rate are the Determining Factors for the Global Switchgear Monitoring System Market
Table 2 Switchgear Monitoring System Market Snapshot
Table 3 All Industry Equipment Failure Rate
Table 4 Solar and Wind Renewable Energy Targets By Major Countries
Table 5 Switchgear Monitoring System Market Size, By Type, 2016–2023 (USD Million)
Table 6 GIS: Switchgear Monitoring System Market, By Region, 2016–2023 (USD Million)
Table 7 Ais: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 8 Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 9 Hardware: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 10 Software & Services: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 11 Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Utilities: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 13 Industries: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 14 Commercial: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 15 Others: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 16 Switchgear Monitoring System, By Voltage, 2016–2023 (USD Million)
Table 17 High Voltage: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 18 Medium Voltage: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 19 Global Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 20 Temperature Monitoring: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 21 Partial Discharge Monitoring: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 22 Others: Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 23 Switchgear Monitoring System Market Size, By Region, 2016–2023 (USD Million)
Table 24 Asia Pacific: Switchgear Monitoring System Market Size, By Country, 2016–2023 (USD Million)
Table 25 Asia Pacific: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 26 Asia Pacific: Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 27 Asia Pacific: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Asia Pacific: Switchgear Monitoring System Market Size, By Voltage, 2016–2023 (USD Million)
Table 29 Asia Pacific: Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 30 China: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 31 China: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 32 India: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 33 India: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 34 Japan: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 35 Japan: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Australia: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 37 Australia: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 38 Rest of Asia Pacific: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 39 Rest of Asia Pacific: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 40 North America: Switchgear Monitoring System Market Size, By Country, 2016–2023 (USD Million)
Table 41 North America: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 42 North America: Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 43 North America: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 44 North America: Switchgear Monitoring System Market Size, By Voltage, 2016–2023 (USD Million)
Table 45 North America: Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 46 US: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 47 US: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Canada: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 49 Canada: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Mexico: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 51 Mexico: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Europe: Switchgear Monitoring System Market Size, By Country, 2016–2023 (USD Million)
Table 53 Europe: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 54 Europe: Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 55 Europe: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Europe: Switchgear Monitoring System Market Size, By Voltage, 2016–2023 (USD Million)
Table 57 Europe: Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 58 Germany: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 59 Germany: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 60 UK: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 61 UK: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Russia: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 63 Russia: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 64 France: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 65 France: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 66 Rest of Europe: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 67 Rest of Europe: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 68 Middle East & Africa: Switchgear Monitoring System Market Size, By Country, 2016–2023 (USD Million)
Table 69 Middle East & Africa: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 70 Middle East & Africa: Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 71 Middle East & Africa: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Middle East & Africa: Switchgear Monitoring System Market Size, By Voltage, 2016–2023 (USD Million)
Table 73 Middle East & Africa: Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 74 Saudi Arabia: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 75 Saudi Arabia: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 76 UAE: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 77 UAE: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 78 Kuwait: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 79 Kuwait: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 80 South Africa: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 81 South Africa: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 82 Rest of Middle East & Africa: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 83 Rest of Middle East & Africa: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 84 South America: Switchgear Monitoring System Market Size, By Country, 2016–2023 (USD Million)
Table 85 South America: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 86 South America: Switchgear Monitoring System Market Size, By Component, 2016–2023 (USD Million)
Table 87 South America: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 88 South America: Switchgear Monitoring System Market Size, By Voltage, 2016–2023 (USD Million)
Table 89 South America: Switchgear Monitoring System Market Size, By Monitoring Type, 2016–2023 (USD Million)
Table 90 Brazil: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 91 Brazil: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 92 Argentina: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 93 Argentina: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)
Table 94 Rest of South America: Switchgear Monitoring System Market Size, By Switchgear Type, 2016–2023 (USD Million)
Table 95 Rest of South America: Switchgear Monitoring System Market Size, By End-User, 2016–2023 (USD Million)


List of Figures (35 Figures)

Figure 1 Switchgear Monitoring System Market
Figure 2 Asia Pacific Dominated the Switchgear Monitoring System Market in 2017
Figure 3 GIS Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 4 Hardware Segment is Expected to Lead the Switchgear Monitoring System Market During the Forecast Period
Figure 5 Utilities Segment is Expected to Lead the Switchgear Monitoring System Market During the Forecast Period
Figure 6 High Voltage Segment is Expected to Lead the Switchgear Monitoring System Market During the Forecast Period
Figure 7 Temperature Monitoring Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Demand for Safe and Secure Electrical Distribution Systems is Driving the Switchgear Monitoring System Market By 2023
Figure 9 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Temperature Monitoring and China Dominated the Asia Pacific Switchgear Monitoring System Market
Figure 11 GIS Segment is Expected to Dominate the Switchgear Monitoring System Market By 2023
Figure 12 Utilities Segment is Estimated to the Switchgear Monitoring System Market, By End-User By 2023
Figure 13 Hardware Segment is Expected to Dominate the Switchgear Monitoring System Market, By Component By 2023
Figure 14 High Voltage Segment is Expected to Dominate the Switchgear Monitoring System Market, By Voltage, By 2023
Figure 15 Switchgear Monitoring System Market: Drivers, Restraints, Opportunities, & Challenges
Figure 16 GIS Segment is Expected to Lead the Switchgear Monitoring System Market By 2023
Figure 17 Switchgear Monitoring System Market, By Component, 2018–2023 (USD Million)
Figure 18 Switchgear Monitoring System Market, By End-User, 2018–2023 (USD Million)
Figure 19 High Voltage Segment is Expected to Lead the Switchgear Monitoring System Market By 2023
Figure 20 Temperature Monitoring Segment is Expected to Lead the Market During the Forecast Period
Figure 21 Regional Snapshot: Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Switchgear Monitoring System Market Share (Value), By Region, 2023
Figure 23 Asia Pacific: Regional Snapshot
Figure 24 North America: Regional Snapshot
Figure 25 Key Developments in the Switchgear Monitoring System Market, June 2015–December 2018
Figure 26 Ranking of Key Players, 2017
Figure 27 Switchgear Monitoring System Market (Global) Competitive Leadership Mapping, 2017
Figure 28 Schneider Electric: Company Snapshot
Figure 29 General Electric: Company Snapshot
Figure 30 ABB: Company Snapshot
Figure 31 Siemens AG: Company Snapshot
Figure 32 Eaton: Company Snapshot
Figure 33 Emerson: Company Snapshot
Figure 34 Fortive: Company Snapshot
Figure 35 Mitsubishi Electric Corporation: Company Snapshot

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

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global switchgear 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 end-product manufacturers and end-users in the supply chain. The demand side of this market is characterized by its end-users such as utilities, industries, commercial, and others. The supply side is characterized by monitoring technologies such as temperature monitoring, partial discharge monitoring, hardware, software & services, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Switchgear Monitoring System Market

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.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides, in the utilities, industries, commercial, and other sectors.

Report Objectives

  • To define, describe, and forecast the global switchgear monitoring system market by switchgear type, component, end-user, voltage, monitoring type, and region
  • 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 market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the market with respect to major regions (Asia Pacific, Europe, North America, South America, and the Middle East and Africa)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the market

Scope of the Report

Report Metric

Details

Market Size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD)

Segments covered

Switchgear type, component, end-user, voltage, monitoring type, and region

Geographies covered

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

Companies covered

Eaton (Ireland), General Electric (US), Schneider Electric (France), Siemens (Germany), Emerson (US), ABB (Switzerland), Fortive (US), Koncar (Croatia), Trafag (Switzerland), Indepent Power Engineering (UK), Mitsubishi (Japan), Tiara (Indonesia) SENseOR (France)

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

On the basis of switchgear type, the switchgear monitoring system market has been segmented as follows:

  • GIS
  • AIS

On the basis of component, the switchgear monitoring system market has been segmented as follows:

  • Hardware
  • Software & Services

On the basis of end-user, the switchgear monitoring system market has been segmented as follows:

  • Utilities
  • Industries
  • Commercial
  • Others (transportation, marine, and offshore application)

On the basis of voltage, the switchgear monitoring system market has been segmented as follows:

  • Medium
  • High

On the basis of monitoring type, the switchgear monitoring system market has been segmented as follows:

  • Temperature Monitoring
  • Partial Discharge Monitoring
  • Others (SF6 gas monitoring, humidity monitoring, load monitoring, and faults monitoring)

On the basis of region, the switchgear monitoring system market has been segmented as follows:

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

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Report Code
EP 6944
Published ON
Feb, 2019
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