Switchgear Monitoring System Market

Schneider Electric (France) and Siemens AG (Germany) are the Major Players in the Switchgear Monitoring System Market

The switchgear monitoring system market is expected to grow from an estimated USD 1.4 billion in 2018 to USD 2.0 billion by 2023, at a CAGR of 7.83%. Growing investments in renewable energy and demand for safe and secure electrical distribution systems have increased the demand for switchgear monitoring system.

The switchgear monitoring system market is dominated by few major players that have a wide regional presence. The leading players in switchgear monitoring system market are Schneider Electric (France), Siemens AG (Germany), ABB (Switzerland), General Electric (US), and Emerson (US).  

The major strategies adopted by the players include new product launches, mergers & acquisitions, and contracts & agreements. New product launches were the most commonly adopted strategy from June 2015 to December 2018. These industry players also adopted contracts & agreements and mergers & acquisitions as major strategies during that period.

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Schneider Electric is an energy management and automation solution provider and a leading digital transformation company. The company holds expertise in power equipment offerings and operates its business through primary divisions including medium voltage (Infrastructure), low voltage (Building), secure power (IT), and industrial automation (Industry). The industrial automation segment provides products and solutions for automation and control of machines, manufacturing plants, and construction sites. The company has a worldwide presence in over 100 countries with a broad supply chain that integrates 200 factories with 90 distribution centres. The medium voltage and grid automation segment accounted for 18% of the overall revenue of Schneider Electric in 2017.

Siemens AG is a major technology company, with core business activities in the field of electrification, automation, and digitalization. The company operates its business through 9 major business divisions which include power & gas, energy management, building technologies, mobility, digital factory, process industries and drives, financial services, Siemens Gamesa Renewable Energy (SGRE), Healthineers, and Financial Services. Siemens operates in over 100 countries across the world. The major competitors of Siemens in the switchgear monitoring system market are ABB, GE, Emerson, Schneider Electric, and Eaton Corporation.

Related Reports:

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

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Report Code
EP 6944
Published ON
Feb, 2019
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