By Insulation (Gas Insulated Switchgear, Air Insulated Switchgear, Oil Insulated Switchgear, Vacuum Insulated Switchgear), By Installation (Indoor, Outdoor), By Voltage (Low, Medium, High), By End User (T&D Utility, Industrial, Commercial, Residential), By Region (North America, South America, Europe, Middle East and Africa, and Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, France, Saudi-Arabia, UAE, Kuwait, South Africa, China, India, Japan, South Korea, and Australia), By Company
The Global Switchgear market is anticipated to witness the growing trend in the upcoming years on account of several favorable factors such as surging construction activities in the emerging economies, rising demand for efficient and cost-effective power distribution system, modernization of power grid, proliferating investments in the renewable sectors in both developed and the developing economies and other. According to MarkNtel Advisors’ research report titled “Global Switchgear Market Analysis, 2020”, the Global Switchgear market is anticipated to rise at a CAGR of around 6% during 2020-25.
Despite several positive demarcations, the switchgear market growth is currently volatile due to several unfavorable conditions posing challenges for the further market growth such as variability in the input cost due to changing raw material prices, intensive competition in the industry from the local firms offering intensive price competition, and limited product differentiation.
Gas Insulated Switchgear Segment Dominated the Market
Based on the insulation method used in the switchgear, the gas insulation segment dominated the market with more than 50% of the market share. The segment is also anticipated to mark the highest growth rate in the forecast period. However, due to factors such as technological enhancement in the products and increasing environmental concern to curb the global pollution level, the other insulation segments are witnessing the growing trend. The soundlessness and time-saving advantages of vacuum insulation is gaining heavy consumer traction.
According to Markntel Advisors, the leading market players in the Global Switchgear market include General Electric, ABB, Siemens Group, Hyundai, Schneider Electric, Fuji Electric, CG Power, Mitsubishi, etc.
The leading companies the Global Switchgear market, are undertaking mergers, acquisitions, contractual agreements, and partnerships with the aligned industries and the business firms in the switchgear market, with the motive to increase their revenue share and maintain their market share in the long run.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Switchgear Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations in the Global Switchgear Market?
Who are the key competitors or market players and how they perform in Global Switchgear Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Switchgear Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
Gas Insulated Switchgear
Air Insulated Switchgear
Oil Insulated Switchgear
Vacuum Insulated Switchgear
By End User
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
North America Cooling Fabrics Market Outlook, 2015- 2025F (USD Million)
South America Cooling Fabrics Market Outlook, 2015- 2025F (USD Million)
Europe Cooling Fabrics Market Outlook, 2015- 2025F (USD Million)
Middle East & Africa Cooling Fabrics Market Outlook, 2015- 2025F (USD Million)
Global Switchgear Market Policies, Regulations, Product Standards
Global Switchgear Market Hotspot and Opportunities
Global Switchgear Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Switchgear Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold.
Q. What would be the growth rate or CAGR of Global Switchgear Market during 2020-25?
A. The growth rate of Global Switchgear Market during 2020-25 is forecast to be around 6%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Switchgear Market?
A. General Electric, ABB, Siemens Group, Hyundai, Schneider Electric, Fuji Electric, CG Power, Mitsubishi are few of the leading players in the Global Switchgear Market.
Q. Does the report scope cover Global Switchgear Market insulation wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Switchgear Market insulation wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in Global Switchgear Market?
A. Based on the Insulation mode, the Gas insulation segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Switchgear Market.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Switchgear Market Outlook, 2015-2025F
4.1. Market Size & Analysis
4.1.1. By Revenues
4.2. Market Share & Analysis
4.2.1. By Insulation
22.214.171.124. Gas Insulated Switchgear
126.96.36.199. Air Insulated Switchgear
188.8.131.52. Oil Insulated Switchgear
184.108.40.206. Vacuum Insulated Switchgear
4.2.2. By Installation
4.2.3. By Voltage
4.2.4. By End User
220.127.116.11. T&D Utility
4.2.5. By Region
18.104.22.168. North America
22.214.171.124. South America
126.96.36.199. Middle East & Africa
4.2.6. By Company
188.8.131.52. Revenue Shares
184.108.40.206. Strategic Factorial Indexing
220.127.116.11. Competitor Placement in MarkNtel Quadrant
5. North America Switchgear Market Outlook, 2015-2025F
5.1. Market Size & Analysis
5.1.1. By Revenues
5.2. Market Share & Analysis
5.2.1. By Insulation
5.2.2. By Installation
5.2.3. By Voltage
5.2.4. By End User
5.2.5. By Country
5.3. The US Switchgear Market Outlook, 2015-2025F
5.3.1. Market Size & Analysis
18.104.22.168. By Revenues
5.3.2. Market Share & Analysis
22.214.171.124. By Insulation
126.96.36.199. By Installation
188.8.131.52. By Voltage
184.108.40.206. By End User
5.4. Canada Switchgear Market Outlook, 2015-2025F
5.4.1. Market Size & Analysis
220.127.116.11. By Revenues
5.4.2. Market Share & Analysis
18.104.22.168. By Insulation
22.214.171.124. By Installation
126.96.36.199. By Voltage
188.8.131.52. By End User
5.5. Mexico Switchgear Market Outlook, 2015-2025F
5.5.1. Market Size & Analysis
184.108.40.206. By Revenues
5.5.2. Market Share & Analysis
220.127.116.11. By Insulation
18.104.22.168. By Installation
22.214.171.124. By Voltage
126.96.36.199. By End User
6. South America Switchgear Market Outlook, 2015-2025F
6.1. Market Size & Analysis
6.1.1. By Revenues
6.2. Market Share & Analysis
6.2.1. By Insulation
6.2.2. By Installation
6.2.3. By Voltage
6.2.4. By End User
6.2.5. By Country
6.3. Brazil Switchgear Market Outlook, 2015-2025F
6.3.1. Market Size & Analysis
188.8.131.52. By Revenues
6.3.2. Market Share & Analysis
184.108.40.206. By Insulation
220.127.116.11. By Installation
18.104.22.168. By Voltage
22.214.171.124. By End User
6.4. Argentina Switchgear Market Outlook, 2015-2025F