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Switchgear-Global Market Insights and Sales Trends 2025
Synopsis
Switchgear is the combination of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment.
The global Switchgear market size is expected to reach US$ 112530 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029. The market is mainly driven by the significant applications of Switchgear in various end use industries. The expanding demands from the Transmission and Distribution Utilities, Manufacturing and Process Industries and Commercial and Residential Infrastructure,, are propelling Switchgear market. Below 1 kV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1-36 kV segment is estimated at % CAGR for the next seven-year period.
One of the basic functions of switchgear is protection, which is interruption of short-circuit and overload fault currents while maintaining service to unaffected circuits. Switchgear also provides isolation of circuits from power supplies. Besides, switchgear is also used to enhance system availability by allowing more than one source to feed a load.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Switchgear covered in this report include ABB, Hyosung, Alstom, CG Power and Industrial Solutions, Hitachi, Hyundai Heavy Industries, Schneider Electric, Siemens and Eaton, etc.
The global Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hyosung
Alstom
CG Power and Industrial Solutions
Hitachi
Hyundai Heavy Industries
Schneider Electric
Siemens
Eaton
General Electric
Toshiba
Mitsubishi Electric
Powell Industries
TE Connectivity
Larsen & Toubro
Elektrobudowa
Zpue
Lucy Electric
Hawker Siddeley Switchgear
Sel
Global Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Switchgear market, Segment by Type:
Below 1 kV
1-36 kV
36-72.5 kV
Below 1 kV
Global Switchgear market, by Application
Transmission and Distribution Utilities
Manufacturing and Process Industries
Commercial and Residential Infrastructure
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Switchgear is the combination of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment.
The global Switchgear market size is expected to reach US$ 112530 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029. The market is mainly driven by the significant applications of Switchgear in various end use industries. The expanding demands from the Transmission and Distribution Utilities, Manufacturing and Process Industries and Commercial and Residential Infrastructure,, are propelling Switchgear market. Below 1 kV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1-36 kV segment is estimated at % CAGR for the next seven-year period.
One of the basic functions of switchgear is protection, which is interruption of short-circuit and overload fault currents while maintaining service to unaffected circuits. Switchgear also provides isolation of circuits from power supplies. Besides, switchgear is also used to enhance system availability by allowing more than one source to feed a load.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Switchgear covered in this report include ABB, Hyosung, Alstom, CG Power and Industrial Solutions, Hitachi, Hyundai Heavy Industries, Schneider Electric, Siemens and Eaton, etc.
The global Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Hyosung
Alstom
CG Power and Industrial Solutions
Hitachi
Hyundai Heavy Industries
Schneider Electric
Siemens
Eaton
General Electric
Toshiba
Mitsubishi Electric
Powell Industries
TE Connectivity
Larsen & Toubro
Elektrobudowa
Zpue
Lucy Electric
Hawker Siddeley Switchgear
Sel
Global Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Switchgear market, Segment by Type:
Below 1 kV
1-36 kV
36-72.5 kV
Below 1 kV
Global Switchgear market, by Application
Transmission and Distribution Utilities
Manufacturing and Process Industries
Commercial and Residential Infrastructure
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Switchgear Market Overview
1.1 Switchgear Product Overview
1.2 Switchgear Market Segment by Type
1.2.1 Below 1 kV
1.2.2 1-36 kV
1.2.3 36-72.5 kV
1.2.4 Below 1 kV
1.3 Global Switchgear Market Size by Type
1.3.1 Global Switchgear Market Size Overview by Type (2018-2029)
1.3.2 Global Switchgear Historic Market Size Review by Type (2018-2023)
1.3.3 Global Switchgear Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Switchgear Sales Breakdown by Type (2018-2023)
1.4.2 Europe Switchgear Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Switchgear Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Switchgear Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Switchgear Sales Breakdown by Type (2018-2023)
2 Global Switchgear Market Competition by Company
2.1 Global Top Players by Switchgear Sales (2018-2023)
2.2 Global Top Players by Switchgear Revenue (2018-2023)
2.3 Global Top Players by Switchgear Price (2018-2023)
2.4 Global Top Manufacturers Switchgear Manufacturing Base Distribution, Sales Area, Product Type
2.5 Switchgear Market Competitive Situation and Trends
2.5.1 Switchgear Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Switchgear Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Switchgear as of 2022)
2.7 Date of Key Manufacturers Enter into Switchgear Market
2.8 Key Manufacturers Switchgear Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Switchgear Status and Outlook by Region
3.1 Global Switchgear Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Switchgear Historic Market Size by Region
3.2.1 Global Switchgear Sales in Volume by Region (2018-2023)
3.2.2 Global Switchgear Sales in Value by Region (2018-2023)
3.2.3 Global Switchgear Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Switchgear Forecasted Market Size by Region
3.3.1 Global Switchgear Sales in Volume by Region (2024-2029)
3.3.2 Global Switchgear Sales in Value by Region (2024-2029)
3.3.3 Global Switchgear Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Switchgear by Application
4.1 Switchgear Market Segment by Application
4.1.1 Transmission and Distribution Utilities
4.1.2 Manufacturing and Process Industries
4.1.3 Commercial and Residential Infrastructure
4.2 Global Switchgear Market Size by Application
4.2.1 Global Switchgear Market Size Overview by Application (2018-2029)
4.2.2 Global Switchgear Historic Market Size Review by Application (2018-2023)
4.2.3 Global Switchgear Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Switchgear Sales Breakdown by Application (2018-2023)
4.3.2 Europe Switchgear Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Switchgear Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Switchgear Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Switchgear Sales Breakdown by Application (2018-2023)
5 North America Switchgear by Country
5.1 North America Switchgear Historic Market Size by Country
5.1.1 North America Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Switchgear Sales in Volume by Country (2018-2023)
5.1.3 North America Switchgear Sales in Value by Country (2018-2023)
5.2 North America Switchgear Forecasted Market Size by Country
5.2.1 North America Switchgear Sales in Volume by Country (2024-2029)
5.2.2 North America Switchgear Sales in Value by Country (2024-2029)
6 Europe Switchgear by Country
6.1 Europe Switchgear Historic Market Size by Country
6.1.1 Europe Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Switchgear Sales in Volume by Country (2018-2023)
6.1.3 Europe Switchgear Sales in Value by Country (2018-2023)
6.2 Europe Switchgear Forecasted Market Size by Country
6.2.1 Europe Switchgear Sales in Volume by Country (2024-2029)
6.2.2 Europe Switchgear Sales in Value by Country (2024-2029)
7 Asia-Pacific Switchgear by Region
7.1 Asia-Pacific Switchgear Historic Market Size by Region
7.1.1 Asia-Pacific Switchgear Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Switchgear Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Switchgear Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Switchgear Forecasted Market Size by Region
7.2.1 Asia-Pacific Switchgear Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Switchgear Sales in Value by Region (2024-2029)
8 Latin America Switchgear by Country
8.1 Latin America Switchgear Historic Market Size by Country
8.1.1 Latin America Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Switchgear Sales in Volume by Country (2018-2023)
8.1.3 Latin America Switchgear Sales in Value by Country (2018-2023)
8.2 Latin America Switchgear Forecasted Market Size by Country
8.2.1 Latin America Switchgear Sales in Volume by Country (2024-2029)
8.2.2 Latin America Switchgear Sales in Value by Country (2024-2029)
9 Middle East and Africa Switchgear by Country
9.1 Middle East and Africa Switchgear Historic Market Size by Country
9.1.1 Middle East and Africa Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Switchgear Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Switchgear Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Switchgear Forecasted Market Size by Country
9.2.1 Middle East and Africa Switchgear Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Switchgear Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Switchgear Products Offered
10.1.5 ABB Recent Development
10.2 Hyosung
10.2.1 Hyosung Company Information
10.2.2 Hyosung Introduction and Business Overview
10.2.3 Hyosung Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Hyosung Switchgear Products Offered
10.2.5 Hyosung Recent Development
10.3 Alstom
10.3.1 Alstom Company Information
10.3.2 Alstom Introduction and Business Overview
10.3.3 Alstom Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Alstom Switchgear Products Offered
10.3.5 Alstom Recent Development
10.4 CG Power and Industrial Solutions
10.4.1 CG Power and Industrial Solutions Company Information
10.4.2 CG Power and Industrial Solutions Introduction and Business Overview
10.4.3 CG Power and Industrial Solutions Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.4.4 CG Power and Industrial Solutions Switchgear Products Offered
10.4.5 CG Power and Industrial Solutions Recent Development
10.5 Hitachi
10.5.1 Hitachi Company Information
10.5.2 Hitachi Introduction and Business Overview
10.5.3 Hitachi Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hitachi Switchgear Products Offered
10.5.5 Hitachi Recent Development
10.6 Hyundai Heavy Industries
10.6.1 Hyundai Heavy Industries Company Information
10.6.2 Hyundai Heavy Industries Introduction and Business Overview
10.6.3 Hyundai Heavy Industries Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hyundai Heavy Industries Switchgear Products Offered
10.6.5 Hyundai Heavy Industries Recent Development
10.7 Schneider Electric
10.7.1 Schneider Electric Company Information
10.7.2 Schneider Electric Introduction and Business Overview
10.7.3 Schneider Electric Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Schneider Electric Switchgear Products Offered
10.7.5 Schneider Electric Recent Development
10.8 Siemens
10.8.1 Siemens Company Information
10.8.2 Siemens Introduction and Business Overview
10.8.3 Siemens Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Siemens Switchgear Products Offered
10.8.5 Siemens Recent Development
10.9 Eaton
10.9.1 Eaton Company Information
10.9.2 Eaton Introduction and Business Overview
10.9.3 Eaton Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Eaton Switchgear Products Offered
10.9.5 Eaton Recent Development
10.10 General Electric
10.10.1 General Electric Company Information
10.10.2 General Electric Introduction and Business Overview
10.10.3 General Electric Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.10.4 General Electric Switchgear Products Offered
10.10.5 General Electric Recent Development
10.11 Toshiba
10.11.1 Toshiba Company Information
10.11.2 Toshiba Introduction and Business Overview
10.11.3 Toshiba Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Toshiba Switchgear Products Offered
10.11.5 Toshiba Recent Development
10.12 Mitsubishi Electric
10.12.1 Mitsubishi Electric Company Information
10.12.2 Mitsubishi Electric Introduction and Business Overview
10.12.3 Mitsubishi Electric Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Mitsubishi Electric Switchgear Products Offered
10.12.5 Mitsubishi Electric Recent Development
10.13 Powell Industries
10.13.1 Powell Industries Company Information
10.13.2 Powell Industries Introduction and Business Overview
10.13.3 Powell Industries Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Powell Industries Switchgear Products Offered
10.13.5 Powell Industries Recent Development
10.14 TE Connectivity
10.14.1 TE Connectivity Company Information
10.14.2 TE Connectivity Introduction and Business Overview
10.14.3 TE Connectivity Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.14.4 TE Connectivity Switchgear Products Offered
10.14.5 TE Connectivity Recent Development
10.15 Larsen & Toubro
10.15.1 Larsen & Toubro Company Information
10.15.2 Larsen & Toubro Introduction and Business Overview
10.15.3 Larsen & Toubro Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Larsen & Toubro Switchgear Products Offered
10.15.5 Larsen & Toubro Recent Development
10.16 Elektrobudowa
10.16.1 Elektrobudowa Company Information
10.16.2 Elektrobudowa Introduction and Business Overview
10.16.3 Elektrobudowa Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Elektrobudowa Switchgear Products Offered
10.16.5 Elektrobudowa Recent Development
10.17 Zpue
10.17.1 Zpue Company Information
10.17.2 Zpue Introduction and Business Overview
10.17.3 Zpue Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Zpue Switchgear Products Offered
10.17.5 Zpue Recent Development
10.18 Lucy Electric
10.18.1 Lucy Electric Company Information
10.18.2 Lucy Electric Introduction and Business Overview
10.18.3 Lucy Electric Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Lucy Electric Switchgear Products Offered
10.18.5 Lucy Electric Recent Development
10.19 Hawker Siddeley Switchgear
10.19.1 Hawker Siddeley Switchgear Company Information
10.19.2 Hawker Siddeley Switchgear Introduction and Business Overview
10.19.3 Hawker Siddeley Switchgear Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Hawker Siddeley Switchgear Switchgear Products Offered
10.19.5 Hawker Siddeley Switchgear Recent Development
10.20 Sel
10.20.1 Sel Company Information
10.20.2 Sel Introduction and Business Overview
10.20.3 Sel Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Sel Switchgear Products Offered
10.20.5 Sel Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Switchgear Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Switchgear Industrial Chain Analysis
11.4 Switchgear Market Dynamics
11.4.1 Switchgear Industry Trends
11.4.2 Switchgear Market Drivers
11.4.3 Switchgear Market Challenges
11.4.4 Switchgear Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Switchgear Distributors
12.3 Switchgear Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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