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Switchgear Market to record substantial gains by 2026 | By key participants Toshiba, ABB, GE, Mitsubishi Electric Systems, Siemens AG

06-02-2020 07:34 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Switchgear Market to record substantial gains by 2026 | By key

The global switchgear market is poised to bring in significant revenue growth with opportunities in residential, commercial, industrial, and utilities sectors. Switchgear is an apparatus which is mostly used for controlling, switching as well as protecting the electrical circuits and equipment. The isolator, fuses, relays, lightning arresters, switches, circuit breaker, control panels, indicating instrument and potential and current transformer are some of the examples of the switchgear devices.

Functions of switchgear include clearing the fault current, carrying the normal load current, and making or breaking the normal load current.

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The switchgear system is linked to the supply system directly. It is placed in both high and low voltage side of the power transformer. The switchgear is utilized for de-energizing the equipment for testing as well as maintenance and for clearing the fault. When the fault occurs in the power system, usually heavy current flows through equipment due to which the equipment gets damaged, and the service also gets interrupted. In order to protect the lines, transformers, generators, as well as other electrical equipment from damage, switchgear or automatic protective devices are required.

Depending on the voltage levels and economic viability, switchgear can be of two types namely outdoor or indoor types. Among these, the indoor switchgear is generally used for medium voltages and is enclosed in a metal enclosure which is grounded. Indoor switchgear is generally gas insulated system and is employed where the air is dust laden and corrosive, and cost of land is high.

The global switchgear market is segmented in terms of voltage, insulation, installation, current, application, and regional landscape.

Based on voltage, the market is classified into low voltage, medium voltage, and high voltage. Electrical switchgear rated up to 1 KV is low voltage switchgear. The term low-voltage switchgear includes off load electrical isolators, earth leakage circuit breaker, low voltage circuit breakers, switches, MCCB (molded case circuit breakers), HRC fuses, and MCB (miniature circuit breakers).

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Medium voltage switchgear is rated from 3 KV to 36 KV. The main requirement of medium voltage switchgear is to interrupt current during faulty condition regardless of what type of CB is utilized in the medium switchgear system. Voltage power of above 36 KV is referred as high voltage. The main component in high voltage switchgear is the high voltage circuit breaker.

From a regional frame of reference, Middle East & Africa switchgear market will observe growing need for restoration and refurbishment of existing electrical setup and increasing investments throughout energy infrastructure field, thereby augmenting the business growth across the region. Increasing energy demand coupled with large scale urbanization across Latin America is considerably driving the need for the integration of a sustainable electric infrastructure.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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