Market Overview:
The global compact switchgear market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy and electricity, growing infrastructure development, and rising residential sector investments. In terms of type, the high voltage switchgear segment is expected to hold the largest share of the market during the forecast period. This can be attributed to increased demand for high voltage switchgear in developed countries such as North America and Europe due to aging grid infrastructure and stringent government regulations pertaining to safety and security.
Product Definition:
A compact switchgear is a type of electrical switchgear that is designed to be small and lightweight. This type of switchgear is often used in applications where space is limited, such as in data centers or industrial facilities. Compact switchgear can help to improve efficiency and save on costs by taking up less space.
High Voltage Switchgear:
High voltage switchgear is a category of switchgear designed to handle high-voltage electric current safely and efficiently. The design of the equipment is based on standard switchgear designs, however, it has to withstand high-pressure (up to 1.1MPa) and temperatures (up to 400°C).
Medium Voltage Switchgear:
The medium voltage switchgear is the equipment that protects electric power transmission lines from high-voltage short circuits and other electrical faults. It also helps in maintaining efficient power flow over the line. Medium voltage switchgear is used to protect various types of electrical apparatus such as transformers, circuit breakers, switches, meters and others from damage caused by fault currents.
Application Insights:
The infrastructure application segment accounted for the largest revenue share of over 40% in 2017. The need for developing robust and reliable power supply systems across the globe is driving the demand for GCSG. It has been observed that most of the developed countries have already implemented GCSG while developing new power plants or expanding/upgrading their existing power plants.
Infrastructure application is expected to be one of the fastest-growing segments with a CAGR exceeding 6% from 2018 to 2030 owing to growing investments in transportation, water & waste management, telecoms and other sectors across various regions worldwide. Compact switchgear finds applications within airports, seaports, railways stations and others where high reliability & safety are required at a reasonable cost as compared with HVAC systems or chillers used in air conditioning applications which require more maintenance due to higher usage levels over time resulting in increased demand for compact switchesgear globally.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In addition, rising investments in expanding power generation capacities are expected to drive switchgear market growth over the coming years.
The Middle East & Africa is also likely to witness significant growth owing to growing infrastructure spending by various governments across countries such as Saudi Arabia and UAE. Furthermore, rapid development of oil & gas industries coupled with increasing need for energy infrastructure will boost industry expansion over the next eight years.
North America was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for energy efficient and reliable power distribution systems
- Rapid industrialization and urbanization in developing countries
- Growing investments in renewable energy sources
- Proliferation of smart grids and microgrids
- Development of next-generation switchgear technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Compact Switchgear Market Research Report
By Type
High Voltage Switchgear, Medium Voltage Switchgear, Low Voltage Switchgear
By Application
Energy and Electricity, Infrastructure, Residence, Other
By Companies
General Electric, Siemens, ABB, Eaton, Schneider Electric, Mitsubishi Electric, Hitachi T&D Solutions, Rockwell Automation, Honeywell, Fuji Electric, SOR Inc, IDEC Corporation, Efacec, Dwyer Instruments
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Compact Switchgear Market Report Segments:
The global Compact 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
Energy and Electricity, Infrastructure, Residence, Other
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:
- General Electric
- Siemens
- ABB
- Eaton
- Schneider Electric
- Mitsubishi Electric
- Hitachi T&D Solutions
- Rockwell Automation
- Honeywell
- Fuji Electric
- SOR Inc
- IDEC Corporation
- Efacec
- Dwyer Instruments
Highlights of The Compact 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:
- Energy and Electricity
- Infrastructure
- Residence
- Other
- 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 Compact 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
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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?
Compact switchgear is a type of electrical equipment that is designed to be smaller in size and lighter in weight than traditional switchgear. This makes it easier to move around, which can be beneficial in areas where space is limited. Compact switchgear also tends to be more affordable than traditional switchgear, making it an attractive option for businesses and consumers who want quality gear without breaking the bank.
Some of the major companies in the compact switchgear market are General Electric, Siemens, ABB, Eaton, Schneider Electric, Mitsubishi Electric, Hitachi T&D Solutions, Rockwell Automation, Honeywell, Fuji Electric, SOR Inc, IDEC Corporation, Efacec, Dwyer Instruments.
The compact switchgear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compact Switchgear Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compact Switchgear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compact Switchgear Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compact Switchgear Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compact Switchgear Market Size & Forecast, 2020-2028
4.5.1 Compact Switchgear Market Size and Y-o-Y Growth
4.5.2 Compact Switchgear Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Voltage Switchgear
5.2.2 Medium Voltage Switchgear
5.2.3 Low Voltage Switchgear
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy and Electricity
6.2.2 Infrastructure
6.2.3 Residence
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compact Switchgear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compact Switchgear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Voltage Switchgear
9.6.2 Medium Voltage Switchgear
9.6.3 Low Voltage Switchgear
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy and Electricity
9.10.2 Infrastructure
9.10.3 Residence
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Voltage Switchgear
10.6.2 Medium Voltage Switchgear
10.6.3 Low Voltage Switchgear
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy and Electricity
10.10.2 Infrastructure
10.10.3 Residence
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Voltage Switchgear
11.6.2 Medium Voltage Switchgear
11.6.3 Low Voltage Switchgear
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy and Electricity
11.10.2 Infrastructure
11.10.3 Residence
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Voltage Switchgear
12.6.2 Medium Voltage Switchgear
12.6.3 Low Voltage Switchgear
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy and Electricity
12.10.2 Infrastructure
12.10.3 Residence
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Voltage Switchgear
13.6.2 Medium Voltage Switchgear
13.6.3 Low Voltage Switchgear
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy and Electricity
13.10.2 Infrastructure
13.10.3 Residence
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compact Switchgear Market: Competitive Dashboard
14.2 Global Compact Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Siemens
14.3.3 ABB
14.3.4 Eaton
14.3.5 Schneider Electric
14.3.6 Mitsubishi Electric
14.3.7 Hitachi T&D Solutions
14.3.8 Rockwell Automation
14.3.9 Honeywell
14.3.10 Fuji Electric
14.3.11 SOR Inc
14.3.12 IDEC Corporation
14.3.13 Efacec
14.3.14 Dwyer Instruments
