Switchgear Market 2021 Analysis by Top Manufacturers - ABB Ltd., Havells India Ltd., Mitsubishi Electric Corporation, Schneider Electric

The Switchgear Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global switchgear market is expected to register a CAGR of 7% during the forecast period (2020 - 2025). 

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Top Leading Companies of Global Switchgear Market are ABB Ltd., Havells India Ltd., Mitsubishi Electric Corporation, Schneider Electric, Siemens, Eaton Corporation, Toshiba International Corporation, Meidensha Corporation, Hitachi, Ltd., Crompton Greaves Power and Industrial Solutions Lim and others.

Industry News and Updates:

- April 2019 - ABB introduces the air-insulated switchgear UniSec at the Hanover fair. It is a complete SF6-free switchgear solution for networks up to 24(kV). It uses the HySec AirPlus, a multifunction apparatus, combine the functions of a circuit breaker, line disconnector, and earthing switch all-in-one, which is now available with AirPlus insulation gas.
- January 2019 -  Mitsubishi Electric Corporation has developed two technologies for gas-insulated switchgear: an arc-cooling technology that achieves a 25% improvement in the interruption of electrical current in sulfur-fluoride (SF6) gas-insulated switchgear used in high-voltage power systems, and a high-density dielectric coating technology that improves insulation performance by 30% in high-voltage conductors.

Key Market Trends:

The Gas Insulated Switchgear Is Expected To Hold The Largest Share Of The Switchgear Market.

- The Gas Insulated Switchgear (GIS) is expected to hold the maximum share in the global switchgear market. A gas insulated switchgear (GIS) is a metal encapsulated switchgear which consists of high-voltage components such as circuit-breakers and disconnectors. A GIS is majorly used in confined spaces, for example, in city buildings, office spaces, on offshore platforms, extensions, on roofs, etc.
- As compared to Air Insulated Switchgear (AIS), they are more environment-friendly, more reliable and more flexible. Also, the installation time and maintenance cost required for GIS is less than that of AIS. The major applications of GIS are power transmission, integration of renewable power generation units to the grid, and railways.
- The major factors driving the growth is the rising energy demand and extension/replacement of old switchgear at sub-stations that can drive the gas insulated switchgear equipment in the switchgear market. Also, due to its space optimization, low maintenance, and protection against external elements the demand for gas insulated switchgear is expected to rise.
- Major companies providing GIS are continuously developing and innovating by making investments. For instance, recently in February this year, ABB has powered Africa’s largest gas insulated switchgear installation. This Gas-insulated electrical substation is expected to strengthen power reliability in Johannesburg.

Asia-Pacific Dominates the Market

- The market in the Asia-Pacific leads the global switchgear market during the forecast period. The major factors responsible for the dominance in this region is due to the up gradation of aging electrical grid infrastructure and increasing electricity demand in the region.
- Also, the increasing infrastructure development for renewable energy sources, growing market for grid modernization, replacement of old installations along with capacity enhancement are some more factors stimulating the growth.
- Developing countries like India and China in the region are extensively upgrading and installing new transmission lines and distribution networks to uphold the infrastructural developments, which is expected to be a major driving factor of the global switchgear market.

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Highlights of the Switchgear Market Report:

– Detailed overview of Switchgear Market
– Changing the Switchgear market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Switchgear market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Switchgear Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Switchgear Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Switchgear industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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