High Voltage Switchgear Market

High Voltage Switchgear Market by Types (Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS)), Applications (Power Generation, Oil & Gas, Utilities Sector, and Industrial), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-827
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 185
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The global high voltage switchgear market size was around USD 10.3 Billion in 2020 and is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing electricity generation & consumption and the changing power generation industry dynamics.
 

High Voltage Switchgear Market Key Takeaways


High voltage switchgear is an essential part of the power network system, which ranges from generation to transmission & distribution in the power market. The basic function of switchgear is to trip the electric power and to protect equipment in the abnormal conditions such as a short circuit or operational issues.

High voltage switchgear is an electrical equipment that is used in an electrical path to deal with voltage above 36kV. It consists of circuit breaker, current transformer, voltage transformer, measuring instrument, electrical switch, electrical fuse, miniature circuit breaker, and electrical isolator. Various types of switchgear assemblies are available, depending on the type of voltages and applications.

High voltage switchgear is a crucial device that are deployed in the electrical power network system. Various fault levels are stationed between the generating stations and transmission and distribution centers. The type of device is selected according to the system frequency.

Market Trends, Drivers, Restraints, and Opportunities

  • Expansion of power transmission and distribution (T&D) infrastructure is expected to boost the market growth.
  • Increasing demand for electricity generation is projected to drive the market growth during the forecast period.
  •  Rapid industrialization and urbanization is expected to spur the growth of the market.
  • Growing number of mobile substations is anticipated to proliferate the high voltage switchgear market growth.
  •  Stringent environmental and safety regulations can hinder the market growth.
  •  Increasing competition from the unorganized sector can hamper the high voltage switchgear market in the coming years.
  • Unstable price of raw materials is one of the main factors that can impede the market growth.
  •  Ongoing R&D investment, increasing technological advancements, and replacement of conventional equipment with smart ones are expected to create significant opportunities for the high voltage switchgear market in the coming years.

Scope of the Report

The report on the global high voltage switchgear market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

High Voltage Switchgear Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS)) and Applications (Power Generation, Oil & Gas, Utilities Sector, and Industrial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ABB Ltd; Schneider Electric SE, General Electric Company, Toshiba International Corporation, and Mitsubishi Electric Corporation.

 

High Voltage Switchgear Market Segment Insights

Gas insulated switchgear (GIS) segment to hold a large market share
Based on types, the market is bifurcated into gas insulated switchgear (GIS) and air insulated switchgear (AIS)). The GIS segment is expected to account for a key market share during the forecast period owing to minimal field construction work, availability of flexible designs, minimum maintenance, and sound reliability. It can use in city buildings, roofs & offshore platforms, and industrial & hydropower plants, or areas where space is a major constraint.
 

Industrial segment is anticipated to register at a substantial CAGR
In terms of applications, the market is divided into power generation, oil & gas, utilities sector, and industrial. The industrial segment is anticipated to register at a substantial CAGR during the forecast period. This is due to the improvement of structures such as power plants, banks, government offices, and commercial buildings.
 

High Voltage Switchgear Market By applications


Asia Pacific to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period owing to the increasing demand for transmission & distribution system to integrate the large-scale renewables projects that are located far away from the demand centers.

High Voltage Switchgear Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Voltage Switchgear Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Voltage Switchgear Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Voltage Switchgear Market - Supply Chain
  4.5. Global High Voltage Switchgear Market Forecast
     4.5.1. High Voltage Switchgear Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Voltage Switchgear Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High Voltage Switchgear Market Absolute $ Opportunity
5. Global High Voltage Switchgear Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. High Voltage Switchgear Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global High Voltage Switchgear Demand Share Forecast, 2019-2026
6. North America High Voltage Switchgear Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America High Voltage Switchgear Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America High Voltage Switchgear Demand Share Forecast, 2019-2026
7. Latin America High Voltage Switchgear Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America High Voltage Switchgear Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America High Voltage Switchgear Demand Share Forecast, 2019-2026
8. Europe High Voltage Switchgear Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe High Voltage Switchgear Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe High Voltage Switchgear Demand Share Forecast, 2019-2026
9. Asia Pacific High Voltage Switchgear Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific High Voltage Switchgear Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific High Voltage Switchgear Demand Share Forecast, 2019-2026
10. Middle East & Africa High Voltage Switchgear Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa High Voltage Switchgear Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa High Voltage Switchgear Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global High Voltage Switchgear Market: Market Share Analysis
  11.2. High Voltage Switchgear Distributors and Customers
  11.3. High Voltage Switchgear Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ABB Ltd
     11.4.2. Schneider Electric SE
     11.4.3. General Electric Company
     11.4.4. Toshiba International Corporation
     11.4.5. Mitsubishi Electric Corporation
     11.4.6.  

Segments Covered in the Report
The global high voltage switchgear market has been segmented on the basis of

Types

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

 Applications

  • Power Generation
  • Oil & Gas
  • Utilities Sector
  • Industrial

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • ABB Ltd
  • Schneider Electric SE
  • General Electric Company
  • Toshiba International Corporation
  • Mitsubishi Electric Corporation

 

Key players competing in the high voltage switchgear market are ABB Ltd, Schneider Electric SE, General Electric Company, Toshiba International Corporation, and Mitsubishi Electric Corporation.

High Voltage Switchgear Market By Key Players

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