Global Switchgear Market Size, Share, Analysis, Trends, Growth, 2028

Switchgear Market

Switchgear Market By Insulation (AIS and GIS), By Voltage (<1 kV, 1-36 kV, and >36 kV), By End-user (T&D Utilities, Industries, Commercial & Residential, and Others). and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028

Category: Energy & Mining Report Format : PDF Pages: 180 Report Code: ZMR-2027 Published Date: May-2022 Status : Published
Market Size in 2021 Market Forecast in 2028 CAGR (in %) Base Year
USD 67.5 Billion USD 92.01825643 Billion 5.3% 2021

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Switchgear Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Switchgear Market : snapshot
  • Chapter 3. Global Switchgear Market - Industry Analysis
    • 3.1 Switchgear Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Upgrading the Aging power infrastructure
    • 3.3 Market Restraints
      • 3.3.1. Severe environmental conditions
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Insulation
      • 3.7.2 Market attractiveness analysis By Voltage
      • 3.7.3 Market attractiveness analysis By End-user
  • Chapter 4. Global Switchgear Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Switchgear Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Switchgear Market - Insulation Analysis
    • 5.1 Global Switchgear Market overview: By Insulation
      • 5.1.1 Global Switchgear Market share, By Insulation, 2021 and 2028
    • 5.2 AIS
      • 5.2.1 Global Switchgear Market by AIS, 2022 - 2028 (USD Billion)
    • 5.3 GIS
      • 5.3.1 Global Switchgear Market by GIS, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Switchgear Market - Voltage Analysis
    • 6.1 Global Switchgear Market overview: By Voltage
      • 6.1.1 Global Switchgear Market share, By Voltage, 2021 and 2028
    • 6.2 <1 kV
      • 6.2.1 Global Switchgear Market by <1 kV, 2022 - 2028 (USD Billion)
    • 6.3 1-36 kV
      • 6.3.1 Global Switchgear Market by 1-36 kV, 2022 - 2028 (USD Billion)
    • 6.4 >36 kV
      • 6.4.1 Global Switchgear Market by >36 kV, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Switchgear Market - End-user Analysis
    • 7.1 Global Switchgear Market overview: By End-user
      • 7.1.1 Global Switchgear Market share, By End-user, 2021 and 2028
    • 7.2 T&D Utilities
      • 7.2.1 Global Switchgear Market by T&D Utilities, 2022 - 2028 (USD Billion)
    • 7.3 Industries
      • 7.3.1 Global Switchgear Market by Industries, 2022 - 2028 (USD Billion)
    • 7.4 Commercial & Residential
      • 7.4.1 Global Switchgear Market by Commercial & Residential, 2022 - 2028 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Switchgear Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 8. Switchgear Market - Regional Analysis
    • 8.1 Global Switchgear Market Regional Overview
    • 8.2 Global Switchgear Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Switchgear Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Switchgear Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Switchgear Market, by Insulation, 2022 - 2028
      • 8.4.1 North America Switchgear Market, by Insulation, 2022 - 2028 (USD Billion)
    • 8.5 North America Switchgear Market, by Voltage, 2022 - 2028
      • 8.5.1 North America Switchgear Market, by Voltage, 2022 - 2028 (USD Billion)
    • 8.6 North America Switchgear Market, by End-user, 2022 - 2028
      • 8.6.1 North America Switchgear Market, by End-user, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Switchgear Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Switchgear Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Switchgear Market, by Insulation, 2022 - 2028
      • 8.4.1 Europe Switchgear Market, by Insulation, 2022 - 2028 (USD Billion)
    • 8.5 Europe Switchgear Market, by Voltage, 2022 - 2028
      • 8.5.1 Europe Switchgear Market, by Voltage, 2022 - 2028 (USD Billion)
    • 8.6 Europe Switchgear Market, by End-user, 2022 - 2028
      • 8.6.1 Europe Switchgear Market, by End-user, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Switchgear Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Switchgear Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Switchgear Market, by Insulation, 2022 - 2028
      • 8.4.1 Asia Pacific Switchgear Market, by Insulation, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Switchgear Market, by Voltage, 2022 - 2028
      • 8.5.1 Asia Pacific Switchgear Market, by Voltage, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Switchgear Market, by End-user, 2022 - 2028
      • 8.6.1 Asia Pacific Switchgear Market, by End-user, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Switchgear Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Switchgear Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Switchgear Market, by Insulation, 2022 - 2028
      • 8.4.1 Latin America Switchgear Market, by Insulation, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Switchgear Market, by Voltage, 2022 - 2028
      • 8.5.1 Latin America Switchgear Market, by Voltage, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Switchgear Market, by End-user, 2022 - 2028
      • 8.6.1 Latin America Switchgear Market, by End-user, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Switchgear Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Switchgear Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Switchgear Market, by Insulation, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Switchgear Market, by Insulation, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Switchgear Market, by Voltage, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Switchgear Market, by Voltage, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Switchgear Market, by End-user, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Switchgear Market, by End-user, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 ABB (Switzerland)
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Siemens (Germany)
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Schneider Electric (France)
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 GE (US)
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Eaton (Ireland).
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Switchgear Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Switchgear Market attractiveness, By Insulation
  • 6. Global Switchgear Market attractiveness, By Voltage
  • 7. Global Switchgear Market attractiveness, By End-user
  • 8. Global Switchgear Market share by Insulation, 2022 and 2028 (USD Billion)
  • 9. Global Switchgear Market by AIS, 2022 - 2028 (USD Billion)
  • 10. Global Switchgear Market by GIS, 2022 - 2028 (USD Billion)
  • 11. Global Switchgear Market share by Voltage, 2022 and 2028 (USD Billion)
  • 12. Global Switchgear Market by <1 kV, 2022 - 2028 (USD Billion)
  • 13. Global Switchgear Market by 1-36 kV, 2022 - 2028 (USD Billion)
  • 14. Global Switchgear Market by >36 kV, 2022 - 2028 (USD Billion)
  • 15. Global Switchgear Market share by End-user, 2022 and 2028 (USD Billion)
  • 16. Global Switchgear Market by T&D Utilities, 2022 - 2028 (USD Billion)
  • 17. Global Switchgear Market by Industries, 2022 - 2028 (USD Billion)
  • 18. Global Switchgear Market by Commercial & Residential, 2022 - 2028 (USD Billion)
  • 19. Global Switchgear Market by Others, 2022 - 2028 (USD Billion)
  • 20. Global Switchgear Market share, by Region, 2022 and 2028
  • 21. North America Switchgear Market, 2022 - 2028 (USD Billion)
  • 22. Europe Switchgear Market, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Switchgear Market, 2022 - 2028 (USD Billion)
  • 24. Latin America Switchgear Market, 2022 - 2028 (USD Billion)
  • 25. The Middle-East and Africa Switchgear Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Switchgear Market: Snapshot
  • 2. Drivers of the Switchgear Market: impact analysis
  • 3. North America Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 4. North America Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 5. North America Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 6. U.S. Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 7. U.S. Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 8. U.S. Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 9. Canada Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 10. Canada Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 11. Canada Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 12. Europe Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 13. Europe Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 14. Europe Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 15. Germany Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 16. Germany Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 17. Germany Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 18. France Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 19. France Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 20. France Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 21. U.K. Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 22. U.K. Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 23. U.K. Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 24. Italy Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 25. Italy Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 26. Italy Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 27. Spain Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 28. Spain Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 29. Spain Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 36. China Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 37. China Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 38. China Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 39. Japan Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 40. Japan Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 41. Japan Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 42. India Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 43. India Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 44. India Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 45. South Korea Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 46. South Korea Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 47. South Korea Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 54. Latin America Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 55. Latin America Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 56. Latin America Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 57. Brazil Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 58. Brazil Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 59. Brazil Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 60. Mexico Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 61. Mexico Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 62. Mexico Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 72. South Africa Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 73. South Africa Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 74. South Africa Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Switchgear Market revenue, By Insulation, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Switchgear Market revenue, By Voltage, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Switchgear Market revenue, By End-user, 2022 - 2028 (USD Billion)

Methodology

FrequentlyAsked Questions

The main reasons behind the increasing number of blackouts are aging infrastructure, lack of investments, and lack of clear policy to modernize the grid. Blackouts cost American businesses about USD 150 billion per year, therefore, there is a sudden need to upgrade the aging power infrastructure which ultimately leads to an increase in demand for switchgear and acts as a driver in the global switchgear market.

According to the Market Research report, Switchgear Market was worth around USD 67.5 billion in 2021 and is estimated to grow to about USD 92.01825643 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period.

 

The Asia Pacific is expected to be the largest market during the forecast period. It is estimated to be the largest market from 2021 to 2028, driven by the growth in urbanization, especially in China and India. China is the largest country by market value in this region. Followed by this, Europe and North American switchgear markets are estimated to witness significant growth in the medium-voltage switchgear segment due to the growing demand for renewable power generation.

 

Some of the main competitors dominating the switchgear market include - ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US), and Eaton (Ireland).

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