The global electrical switchgear market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electrical switchgear in various industries such as oil and gas, chemical industry, electricity, metallurgy, mechanical and food & pharmaceuticals. The high voltage switchgear segment is expected to dominate the global electrical switchgear market during the forecast period due to its wide application in various industries such as oil and gas, chemical industry and electricity.
Some Of The Growth Factors Of This Market:
- The increasing demand for electrical switchgear in the global market is a major growth factor for the industry.
- The increasing need to replace old equipment with new equipment is also a major growth factor for the industry.
- The growing need to reduce energy consumption and increase efficiency in electrical switchgear is also a major growth factor for the industry.
- Increasing investments by governments and private companies in research and development of new technologies are also a major growth factor for the industry as it helps improve efficiency, reduce costs, and increase safety of electrical switchgear products over time.
- Increasing demand from emerging economies such as China, India, Brazil, Russia, South Africa (BRICS) countries are also a major growth factor for the industry as they have been experiencing rapid economic development which has led to increased demand from these countries.
Industry Growth Insights published a new data on “Electrical Switchgear Market”. The research report is titled “Electrical Switchgear Market research by Types (High Voltage Switchgear, Medium Voltage Switchgear, Low Voltage Switchgear), By Applications (Oil and Gas, Chemical Industry, Electricity, Metallurgy, Mechanical, Food, Pharmaceutical), By Players/Companies Ingeteam, Lucy Electric, GE Industrial, C&S Electric, Schneider Electric, Eaton, Hyundai Ideal Electric, Pacific Controls, Safety Electrical Group, Brayan Group, NCE Switchgear, Voyten Electric”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Switchgear Market Research Report
By Type
High Voltage Switchgear, Medium Voltage Switchgear, Low Voltage Switchgear
By Application
Oil and Gas, Chemical Industry, Electricity, Metallurgy, Mechanical, Food, Pharmaceutical
By Companies
Ingeteam, Lucy Electric, GE Industrial, C&S Electric, Schneider Electric, Eaton, Hyundai Ideal Electric, Pacific Controls, Safety Electrical Group, Brayan Group, NCE Switchgear, Voyten Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Switchgear Market Report Segments:
The global Electrical Switchgear market is segmented on the basis of:
Types
High Voltage Switchgear, Medium Voltage Switchgear, Low Voltage Switchgear
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical Industry, Electricity, Metallurgy, Mechanical, Food, Pharmaceutical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingeteam
- Lucy Electric
- GE Industrial
- C&S Electric
- Schneider Electric
- Eaton
- Hyundai Ideal Electric
- Pacific Controls
- Safety Electrical Group
- Brayan Group
- NCE Switchgear
- Voyten Electric
Highlights of The Electrical Switchgear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Voltage Switchgear
- Medium Voltage Switchgear
- Low Voltage Switchgear
- By Application:
- Oil and Gas
- Chemical Industry
- Electricity
- Metallurgy
- Mechanical
- Food
- Pharmaceutical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Switchgear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical switchgear is a type of electrical equipment used to route and distribute electricity. It includes switches, transformers, and other components that allow electric power to be moved from one location to another.
Some of the major companies in the electrical switchgear market are Ingeteam, Lucy Electric, GE Industrial, C&S Electric, Schneider Electric, Eaton, Hyundai Ideal Electric, Pacific Controls, Safety Electrical Group, Brayan Group, NCE Switchgear, Voyten Electric.
The electrical switchgear market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical 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. Electrical Switchgear Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Switchgear Market - Supply Chain
4.5. Global Electrical Switchgear Market Forecast
4.5.1. Electrical Switchgear Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Switchgear Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Switchgear Market Absolute $ Opportunity
5. Global Electrical Switchgear Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Switchgear Market Size and Volume Forecast by Type
5.3.1. High Voltage Switchgear
5.3.2. Medium Voltage Switchgear
5.3.3. Low Voltage Switchgear
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Switchgear Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Switchgear Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Chemical Industry
6.3.3. Electricity
6.3.4. Metallurgy
6.3.5. Mechanical
6.3.6. Food
6.3.7. Pharmaceutical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Switchgear Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Switchgear Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Switchgear Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Switchgear Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Switchgear Demand Share Forecast, 2019-2026
9. North America Electrical 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
9.2. North America Electrical Switchgear Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Switchgear Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Chemical Industry
9.4.3. Electricity
9.4.4. Metallurgy
9.4.5. Mechanical
9.4.6. Food
9.4.7. Pharmaceutical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Switchgear Market Size and Volume Forecast by Type
9.7.1. High Voltage Switchgear
9.7.2. Medium Voltage Switchgear
9.7.3. Low Voltage Switchgear
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Switchgear Demand Share Forecast, 2019-2026
10. Latin America Electrical 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. Latin America Average Pricing Analysis
10.2. Latin America Electrical Switchgear Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Switchgear Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Chemical Industry
10.4.3. Electricity
10.4.4. Metallurgy
10.4.5. Mechanical
10.4.6. Food
10.4.7. Pharmaceutical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Switchgear Market Size and Volume Forecast by Type
10.7.1. High Voltage Switchgear
10.7.2. Medium Voltage Switchgear
10.7.3. Low Voltage Switchgear
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Switchgear Demand Share Forecast, 2019-2026
11. Europe Electrical Switchgear Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Switchgear Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Switchgear Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Chemical Industry
11.4.3. Electricity
11.4.4. Metallurgy
11.4.5. Mechanical
11.4.6. Food
11.4.7. Pharmaceutical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Switchgear Market Size and Volume Forecast by Type
11.7.1. High Voltage Switchgear
11.7.2. Medium Voltage Swithgear
11.7.3. Low Voltage Switchgear
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Switchgear Demand Share, 2019-2026
12. Asia Pacific Electrical Switchgear Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Switchgear Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Switchgear Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Chemical Industry
12.4.3. Electricity
12.4.4. Metallurgy
12.4.5. Mechanical
12.4.6. Food
12.4.7. Pharmaceutical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Switchgear Market Size and Volume Forecast by Type
12.7.1. High Voltage Switchgear
12.7.2. Medium Voltage Switchgear
12.7.3. Low Voltage Switchgear
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Switchgear Demand Share, 2019-2026
13. Middle East & Africa Electrical Switchgear Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Switchgear Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Switchgear Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Chemical Industry
13.4.3. Electricity
13.4.4. Metallurgy
13.4.5. Mechanical
13.4.6. Food
13.4.7. Pharmaceutical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Switchgear Market Size and Volume Forecast by Type
13.7.1. High Voltage Switchgear
13.7.2. Medium Voltage Switchgear
13.7.3. Low Voltage Switchgear
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Switchgear Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Switchgear Market: Market Share Analysis
14.2. Electrical Switchgear Distributors and Customers
14.3. Electrical Switchgear Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ingeteam
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lucy Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Industrial
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. C&S Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eaton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hyundai Ideal Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pacific Controls
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Safety Electrical Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Brayan Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NCE Switchgear
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Voyten Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook