Global Switchgear Market

Global Switchgear Market Size, Trends & Analysis - Forecasts to 2026 By Insulation (Air Insulated (AIS), Gas Insulated (GIS)), By Installation (Indoor Switchgear, Outdoor Switchgear), By Voltage (<1 kV, 1-36 kV, >36 kV), By End User (T&D Utilities, Industries, Commercial & Residential, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Energy & Power
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Switchgear Market Insights

The global switchgear market is estimated to witness a significant CAGR during the forecast period (2020-2026). Switchgears are electrical instruments composed of fuses, circuit breakers, and electrical switches used to secure, track, regulate and insulate electrical equipment. The growing demand for replacement of aging electric grid infrastructure along with the increasing demand for renewable energy sources are some of the major factors driving the market growth during the forecast period. Switchgears are used for protecting operating devices in commercial, residential, and industrial applications. Moreover, increasing power distribution infrastructure, growing government initiatives to reduce environmental pollution, and installation of retrofit switchgear systems are some of the other factors propelling the market growth. However, the high cost of switchgear, stringent environmental and safety regulations are some of the factors hampering the market growth.

Switchgear Market

Switchgear Market Size: By Installation

Based on installation, the switchgear market is segmented into indoor switchgear, and outdoor switchgear. Outdoor switchgear segment is expected to grow at a high CAGR during the forecast period.

Switchgear Market Size: By Insulation

Based on insulation, the switchgear market is segmented into air-insulated (AIS), and gas-insulated (GIS). The air-insulated (AIS) segment is expected to hold the largest market share during the forecast period, due to the technological advancements along with rising investments towards product advancements.

Switchgear Market Size: By Voltage

Based on voltage, the switchgear market is segmented into <1 kV, 1-36 kV, >36 kV. The low voltage (<1 kV) segment is projected to hold the largest market share during the forecast period. Expansion of microgrid networks, along with increasing investment in rural electrification, will stimulate product demand. Moreover, the rebuilding of existing electrical systems, along with an increasing inclination towards smart tracking and control tools, would further fuel consumer demand. Furthermore, the medium voltage (1-36 kV) segment is expected to grow at a high CAGR over the coming years due to rapid development across commercial and industrial establishments which boosts the growth of the segment in the switchgear market.

Switchgear Market: By End-User

Based on end-user, the switchgear market is segmented into T&D utilities, industries, and commercial & residential, among others. Commercial & residential segment is projected to account for the largest market share during the forecast period due to rapid urbanization and favourable government-assisted renewable establishments across the residential sector.

Global Switchgear Market

Switchgear Market: By Region

Based on region, the global switchgear market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to hold the largest market share during the forecast period due to the upgrade of existing electrical infrastructure, installation of a new substation, stringent emission regulations, and rising concerns over air pollution.

Switchgear Market Share & Competitor Analysis

Some of the key players operating in the global switchgear market include: ABB, Schneider Electric, CG Power and Industrial Solutions, Hitachi, Hyundai, Siemens, Eaton, GE, Mitsubishi Electric, Powell, Larsen & Toubro, Elektrobudowa, Lucy Electric, Fuji Electric, and Hubbell, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In March 2020, ABB was granted a contract by El Sewedy Electric T&D to supply high-voltage gas-insulated switchgear and shunt reactors to ensure stable power supply.

In February 2020, Schneider Electric expanded its Leeds and Scarborough production facilities in the United Kingdom to satisfy the increasing need for green energy.

Switchgear Market: By Installation

  1. Introduction 
    1. Switchgear Market, By Installation, 2020-2026 (USD Million)    
  2. Indoor Switchgear   
    1. Indoor Switchgear: Switchgear Market, 2020-2026 (USD Million)         
  3. Outdoor Switchgear
    1. Outdoor Switchgear: Switchgear Market, 2020-2026 (USD Million)

Switchgear Market: By Voltage

  1. Introduction 
    1. Switchgear Market, By Voltage, 2020-2026 (USD Million)          
  2. <1 kV
    1. <1 kV: Switchgear Market, 2020-2026 (USD Million)      
  3. 1-36 kV         
    1. 1-36 kV: Switchgear Market, 2020-2026 (USD Million)
  4. >36 kV          
    1. >36 kV: Switchgear Market, 2020-2026 (USD Million)    

Switchgear Market: By Insulation

  1. Introduction 
    1. Switchgear Market, By Insulation, 2020-2026 (USD Million)      
  2. Air Insulated (AIS)   
    1. Air Insulated (AIS): Switchgear Market, 2020-2026 (USD Million)         
  3. Gas Insulated (GIS) 
    1. Gas Insulated (GIS): Switchgear Market, 2020-2026 (USD Million)

Switchgear Market: By End-User

  1. Introduction 
    1. Switchgear Market, By End-User, 2020-2026 (USD Million)        
  2. T&D Utilities
    1. T&D Utilities: Switchgear Market, 2020-2026 (USD Million)       
  3. Commercial & Residential 
    1. Commercial & Residential: Switchgear Market, 2020-2026 (USD Million)
  4. Industries     
    1. Industries: Switchgear Market, 2020-2026 (USD Million)
  5. Others           
    1. Others: Switchgear Market, 2020-2026 (USD Million)

Switchgear Market: By Region

  1. Introduction 
    1. Global Switchgear Market, Regional Analysis, 2020-2026 (USD Million)          
  2. North America         
    1. North America Switchgear Market, Regional Analysis, 2020-2026 (USD Million)
      1. By Installation          
        1. North America Switchgear Market, By Installation, 2020-2026 (USD Million)         
      2. By Voltage     
        1. North America Switchgear Market, By Voltage, 2020-2026 (USD Million)          
      3. By Insulation 
        1. North America Switchgear Market, By Insulation, 2020-2026 (USD Million)          
      4. By End-User   
        1. North America Switchgear Market, By End-User, 2020-2026 (USD Million)          
      5. By Country     
        1. U.S     
          1. By Installation          
            1. U.S Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. U.S Switchgear Market, By Voltage, 2020-2026 (USD Million)   
          3. By Insulation 
            1. U.S Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. U.S Switchgear Market, By End-User, 2020-2026 (USD Million) 
        2. Canada.         
          1. By Installation          
            1. Canada Switchgear Market, By Installation, 2020-2026 (USD Million)    
          2. By Voltage     
            1. Canada Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. Canada Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. Canada Switchgear Market, By End-User, 2020-2026 (USD Million)     
        3. Mexico           
          1. By Installation          
            1. Mexico Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. Mexico Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. Mexico Switchgear Market, By Insulation, 2020-2026 (USD Million)                 
          4. By End-User   
            1. Mexico Switchgear Market, By End-User, 2020-2026 (USD Million)
  3. Europe          
    1. Europe Switchgear Market, Regional Analysis, 2020-2026 (USD Million)         
      1. By Installation          
        1. Europe Switchgear Market, By Installation, 2020-2026 (USD Million)  
      2. By Voltage     
        1. Europe Switchgear Market, By Voltage, 2020-2026 (USD Million)
      3. By Insulation 
        1. Europe Switchgear Market, By Insulation, 2020-2026 (USD Million)
      4. By End-User   
        1. Europe Switchgear Market, By End-User, 2020-2026 (USD Million)
      5. By Country     
        1. Germany        
          1. By Installation          
            1. Germany Switchgear Market, By Installation, 2020-2026 (USD Million)    
          2. By Voltage     
            1. Germany Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. Germany Switchgear Market, By Insulation, 2020-2026 (USD Million)                
          4. By End-User   
            1. Germany Switchgear Market, By End-User, 2020-2026 (USD Million)
        2. UK      
          1. By Installation          
            1. UK Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. UK Switchgear Market, By Voltage, 2020-2026 (USD Million)    
          3. By Insulation 
            1. UK Switchgear Market, By Insulation, 2020-2026 (USD Million)
          4. By End-User   
            1. UK Switchgear Market, By End-User, 2020-2026 (USD Million)  
        3. France
          1. By Installation          
            1. France Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. France Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. France Switchgear Market, By Insulation, 2020-2026 (USD Million)                 
          4. By End-User   
            1. France Switchgear Market, By End-User, 2020-2026 (USD Million)
        4. Italy    
          1. By Installation          
            1. Italy Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. Italy Switchgear Market, By Voltage, 2020-2026 (USD Million)  
          3. By Insulation 
            1. Italy Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. Italy Switchgear Market, By End-User, 2020-2026 (USD Million)
        5. Rest Of Europe          
          1. By Installation          
            1. Rest Of Europe Switchgear Market, By Installation, 2020-2026 (USD Million)    
          2. By Voltage     
            1. Rest Of Europe Switchgear Market, By Voltage, 2020-2026 (USD Million)    
          3. By Insulation 
            1. Rest Of Europe Switchgear Market, By Insulation, 2020-2026 (USD Million)                
          4. By End-User   
            1. Rest Of Europe Switchgear Market, By End-User, 2020-2026 (USD Million)
  4. Asia Pacific  
    1. Asia Pacific Switchgear Market, Regional Analysis, 2020-2026 (USD Million) 
      1. By Installation          
        1. Asia Pacific Switchgear Market, By Installation, 2020-2026 (USD Million)          
      2. By Voltage     
        1. Asia Pacific Switchgear Market, By Voltage, 2020-2026 (USD Million) 
      3. By Insulation 
        1. Asia Pacific Switchgear Market, By Insulation, 2020-2026 (USD Million)
      4. By End-User   
        1. Asia Pacific Switchgear Market, By End-User, 2020-2026 (USD Million)                      
      5. By Country     
        1. China 
          1. By Installation          
            1. China Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. China Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. China Switchgear Market, By Insulation, 2020-2026 (USD Million)                 
          4. By End-User   
            1. China Switchgear Market, By End-User, 2020-2026 (USD Million)
        2. Japan 
          1. By Installation          
            1. Japan Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. Japan Switchgear Market, By Voltage, 2020-2026 (USD Million)     
          3. By Insulation 
            1. Japan Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. Japan Switchgear Market, By End-User, 2020-2026 (USD Million)
        3. India  
          1. By Installation          
            1. India Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. India Switchgear Market, By Voltage, 2020-2026 (USD Million)
          3. By Insulation 
            1. India Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. India Switchgear Market, By End-User, 2020-2026 (USD Million)     
        4. South Korea  
          1. By Installation          
            1. South Korea Switchgear Market, By Installation, 2020-2026 (USD Million)    
          2. By Voltage     
            1. South Korea Switchgear Market, By Voltage, 2020-2026 (USD Million)    
          3. By Insulation 
            1. South Korea Switchgear Market, By Insulation, 2020-2026 (USD Million)                
          4. By End-User   
            1. South Korea Switchgear Market, By End-User, 2020-2026 (USD Million)
  5. Central & South America   
    1. Central & South America Switchgear Market, Regional Analysis, 2020-2026 (USD Million)   
      1. By Installation          
        1. Central & South America Switchgear Market, By Installation, 2020-2026 (USD Million)           
      2. By Voltage     
        1. Central & South America Switchgear Market, By Voltage, 2020-2026 (USD Million)         
      3. By Insulation 
        1. Central & South America Switchgear Market, By Insulation, 2020-2026 (USD Million)           
      4. By End-User   
        1. Central & South America Switchgear Market, By End-User, 2020-2026 (USD Million)
      5. By Country     
        1. Brazil 
          1. By Installation          
            1. Brazil Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. Brazil Switchgear Market, By Voltage, 2020-2026 (USD Million)
          3. By Insulation 
            1. Brazil Switchgear Market, By Insulation, 2020-2026 (USD Million)                 
          4. By End-User   
            1. Brazil Switchgear Market, By End-User, 2020-2026 (USD Million)
  6. Middle East & Africa           
    1. Middle East & Africa Switchgear Market, Regional Analysis, 2020-2026 (USD Million)   
      1. By Installation          
        1. Middle East & Africa Switchgear Market, By Installation, 2020-2026 (USD Million)         
      2. By Voltage     
        1. Middle East & Africa Switchgear Market, By Voltage, 2020-2026 (USD Million)         
      3. By Insulation 
        1. Middle East & Africa Switchgear Market, By Insulation, 2020-2026 (USD Million)         
      4. By End-User   
        1. Middle East & Africa Switchgear Market, By End-User, 2020-2026 (USD Million)         
      5. By Country     
        1. Saudi Arabia 
          1. By Installation          
            1. Saudi Arabia Switchgear Market, By Installation, 2020-2026 (USD Million)    
          2. By Voltage     
            1. Saudi Arabia Switchgear Market, By Voltage, 2020-2026 (USD Million)    
          3. By Insulation 
            1. Saudi Arabia Switchgear Market, By Insulation, 2020-2026 (USD Million)                
          4. By End-User   
            1. Saudi Arabia Switchgear Market, By End-User, 2020-2026 (USD Million)
        2. UAE    
          1. By Installation          
            1. UAE Switchgear Market, By Installation, 2020-2026 (USD Million)     
          2. By Voltage     
            1. UAE Switchgear Market, By Voltage, 2020-2026 (USD Million)  
          3. By Insulation 
            1. UAE Switchgear Market, By Insulation, 2020-2026 (USD Million)     
          4. By End-User   
            1. UAE Switchgear Market, By End-User, 2020-2026 (USD Million)

The global Global Switchgear Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Global Switchgear Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Global Switchgear Market.

Global Switchgear Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Global Switchgear Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Global Switchgear Market

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