Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global switchgear market reached a value of US$ 100.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 139.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A switchgear is a device used for controlling, regulating, and switching on and off an electrical circuit. It comprises switches, fuses, circuit breakers, isolators, relays, current and potential transformers, indicating instruments, lightning arresters, and control panels. It safeguards equipment from short-circuits and fault currents and provides protection to individuals by limiting the current flow through the system to safe levels. As a result, it finds extensive applications in the residential, commercial, and industrial sectors across the globe.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Switchgear Market Trends:

The escalating demand for energy on account of the surging population around the world represents one of the key factors driving the market. Moreover, switchgear ensures undisturbed interconnectivity and a higher capacity of generating stations. It also separates faulty sections of the circuit in the case of a malfunction. In addition, switchgear enhances system availability by allowing more than one source to feed a load. This, coupled with the expansion of transmission and distribution (T&D) networks, is bolstering the growth of the market. At present, there is an increase in the use of gas-insulated switchgear (GIS) as it is insensitive to contamination and can provide safety from electric shocks. It is utilized in confined spaces, such as roofs, city buildings, office spaces, offshore platforms, extensions, and industrial and hydropower plants. This, along with the thriving construction sector, is creating a positive outlook for the market. Moreover, rising investments in the power sector are offering lucrative growth opportunities to market players. Some of the other factors, such as product innovations, technological advancements, and the increasing requirement of renewable energy in different industry verticals, are projected to catalyze the product demand worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global switchgear market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on voltage type, insulation, installation and end use.

Breakup by Voltage Type:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Low-Voltage
  • Medium-Voltage
  • High-Voltage
     

Breakup by Insulation:

  • Gas Insulated Switchgear (GIS)
  • Air Insulated Switchgear (AIS)
  • Others
     

Breakup by Installation:

  • Indoor
  • Outdoor
     

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial
     

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation PLC, Fuji Electric Co. Ltd., General Electric Company, Havells India Limited, Hitachi Ltd., Larsen & Toubro Limited, Meidensha Corporation, Mitsubishi Electric Corporation, Powell Industries Inc., Schneider Electric SE, Siemens AG and Toshiba Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Voltage Type, Insulation, Installation, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation PLC, Fuji Electric Co. Ltd., General Electric Company, Havells India Limited, Hitachi Ltd., Larsen & Toubro Limited, Meidensha Corporation, Mitsubishi Electric Corporation, Powell Industries Inc., Schneider Electric SE, Siemens AG and Toshiba Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Switchgear Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Voltage Type
    6.1    Low-Voltage
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium-Voltage
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    High-Voltage
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Insulation
    7.1    Gas Insulated Switchgear (GIS)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Air Insulated Switchgear (AIS)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Installation
    8.1    Indoor
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Outdoor
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End Use
    9.1    Commercial
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Residential
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Industrial
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    CG Power and Industrial Solutions Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Eaton Corporation PLC
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Fuji Electric Co. Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    General Electric Company
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Havells India Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Hitachi Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Larsen & Toubro Limited
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Meidensha Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Mitsubishi Electric Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Powell Industries Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Schneider Electric SE
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Siemens AG
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Toshiba Corporation
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Switchgear Market: Major Drivers and Challenges
Figure 2: Global: Switchgear Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Switchgear Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Switchgear Market: Breakup by Voltage Type (in %), 2021
Figure 5: Global: Switchgear Market: Breakup by Insulation (in %), 2021
Figure 6: Global: Switchgear Market: Breakup by Installation (in %), 2021
Figure 7: Global: Switchgear Market: Breakup by End Use (in %), 2021
Figure 8: Global: Switchgear Market: Breakup by Region (in %), 2021
Figure 9: Global: Switchgear (Low-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Switchgear (Low-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Switchgear (Medium-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Switchgear (Medium-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Switchgear (High-Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Switchgear (High-Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Switchgear (Gas Insulated Switchgear-GIS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Switchgear (Gas Insulated Switchgear-GIS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Switchgear (Air Insulated Switchgear-AIS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Switchgear (Air Insulated Switchgear-AIS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Switchgear (Other Insulations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Switchgear (Other Insulations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Switchgear (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Switchgear (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Switchgear (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Switchgear (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Switchgear (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Switchgear (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Switchgear (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Switchgear (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Switchgear (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Switchgear (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Switchgear Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Switchgear Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Switchgear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Switchgear Industry: SWOT Analysis
Figure 81: Global: Switchgear Industry: Value Chain Analysis
Figure 82: Global: Switchgear Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Switchgear Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Switchgear Market Forecast: Breakup by Voltage Type (in Million US$), 2022-2027
Table 3: Global: Switchgear Market Forecast: Breakup by Insulation (in Million US$), 2022-2027
Table 4: Global: Switchgear Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 5: Global: Switchgear Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: Global: Switchgear Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Switchgear Market: Competitive Structure
Table 8: Global: Switchgear Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global switchgear market was valued at US$ 100.18 Billion in 2021.

We expect the global switchgear market to exhibit a CAGR of 5.50% during 2022-2027.

The growing adoption of switchgear across the residential, commercial, and industrial sectors to provide safety from short-circuits and fault currents, is primarily driving the global switchgear market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various manufacturing units for switchgear.

Based on the voltage type, the global switchgear market has been segmented into low-voltage, medium-voltage, and high-voltage. Currently, medium-voltage holds the majority of the total market share.

Based on the insulation, the global switchgear market can be divided into Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and others. Among these, Gas Insulated Switchgear (GIS) currently exhibits a clear dominance in the market.

Based on the installation, the global switchgear market has been categorized into indoor and outdoor. Currently, outdoor installation accounts for the majority of the global market share.

Based on the end use, the global switchgear market can be segregated into commercial, residential, and industrial. Among these, the industrial sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global switchgear market include ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation PLC, Fuji Electric Co. Ltd., General Electric Company, Havells India Limited, Hitachi Ltd., Larsen & Toubro Limited, Meidensha Corporation, Mitsubishi Electric Corporation, Powell Industries Inc., Schneider Electric SE, Siemens AG, and Toshiba Corporation.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

System-on-Chip (SoC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Photonics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Lithium-Ion Battery Separator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

High-Density Interconnect (HDI) PCB Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Commercial Refrigeration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links