Market Overview:
The global switchgear monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for reliable and efficient power transmission and distribution systems, growing awareness about safety and security concerns, and rising investments in smart grid infrastructure projects. Based on type, the global switchgear monitoring system market is segmented into high voltage monitoring, partial discharge monitoring, and medium voltage switchgear monitoring. Partial discharge monitoring held the largest share of the global switchgear monitoring system market in 2016 owing to its ability to detect faults at an early stage before they result in a complete failure of equipment.
Product Definition:
A Switchgear Monitoring System is a type of electrical equipment used for the protection and control of an electrical system. It monitors the condition of switchgear and other related equipment, providing early warning of potential problems. This allows corrective action to be taken before a failure occurs, potentially preventing an outage or other serious incident.
Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027:
Global switchgear monitoring system market was valued at USD 6,867.1 million in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2017 to 2021. The global demand for switchgear monitoring systems has been increasing owing to the growing concerns about safety across various industries such as chemical, oil & gas, power generation and others.
High Voltage Monitoring:
High voltage monitoring is the process to monitor power system's high voltage lines, it helps in detecting and locating breaks in high voltage lines which may cause a spark, short circuit or leak. It also helps to locate transformer core saturation.
High Voltage Monitoring System Market By End-use (Industrial/Manufacturing Plant), By Region (North America, Europe, Asia Pacific) And Segment Forecasts To 2020 -> The global high voltage monitoring.
Application Insights:
The utilities segment dominated the global switchgear monitoring system market in 2016 and is expected to maintain its lead over the forecast period. This can be attributed to growing demand for power generation, transmission & distribution systems, and other infrastructure projects across various regions. The growth of this sector is further supported by favorable government policies regarding electricity generation & distribution infrastructure development as well as increasing investments from private players.
Industries accounted for a significant share in the global switchgear monitoring system market owing to rising demand for industrial machinery and equipment across various sectors such as manufacturing, construction, mining etc. Furthermore, stringent regulations pertaining to safety equipment are driving the adoption of SGMSs among commercial organizations which include large scale retail stores or shopping malls along with corporate offices or IT companies having high-tech infrastructures.
Regional Analysis:
Asia Pacific region dominated the global switchgear monitoring system market in 2016 and is expected to continue its dominance over the forecast period. The presence of key power generation companies such as China General Nuclear Power Corp., India Gen Atomic Power Station Ltd, and Japan Atomic Energy Agency is one of the prime reasons for this dominance. Moreover, countries such as China and India are experiencing an increasing number of blackouts due to lack of electricity infrastructure which has led to a rise in demand for GSMS solutions across these regions.
The North America regional market accounted for a significant share in 2016 owing to growing investments by governments towards energy efficiency initiatives coupled with strict regulations aimed at reducing carbon footprints associated with conventional power plants. As a result, demand from end-users is anticipated to shift towards renewable sources resulting into growth opportunities for GSMS solution providers across this region during the forecast period (2021– 2030).
Growth Factors:
- Increasing demand for reliable and efficient power distribution systems
- Rapid industrialization and urbanization in developing countries
- Growing concerns over grid security and reliability
- Proliferation of smart grids and the Internet of Things (IoT)
- Advancements in sensing, communication, and control technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Switchgear Monitoring System Market Research Report
By Type
Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027, High Voltage Monitoring, Partial Discharge Monitoring, Medium Voltage Switchgear Monitoring
By Application
Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027, Utilities, Industries, Commercial, Others
By Companies
Schneider Electric, Siemens AG, ABB, General Electric, Emerson, KONCAR Group, IntelliSAW
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Switchgear Monitoring System Market Report Segments:
The global Switchgear Monitoring System market is segmented on the basis of:
Types
Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027, High Voltage Monitoring, Partial Discharge Monitoring, Medium Voltage Switchgear Monitoring
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
Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027, Utilities, Industries, Commercial, Others
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:
- Schneider Electric
- Siemens AG
- ABB
- General Electric
- Emerson
- KONCAR Group
- IntelliSAW
Highlights of The Switchgear Monitoring System 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:
- Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
- High Voltage Monitoring
- Partial Discharge Monitoring
- Medium Voltage Switchgear Monitoring
- By Application:
- Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
- Utilities
- Industries
- Commercial
- Others
- 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 Switchgear Monitoring System 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.
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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?
A switchgear monitoring system (SMS) is a type of alarm and event management system used to monitor the health and status of electrical equipment in an electric power distribution or transmission network.
Some of the key players operating in the switchgear monitoring system market are Schneider Electric, Siemens AG, ABB, General Electric, Emerson, KONCAR Group, IntelliSAW.
The switchgear monitoring system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Switchgear Monitoring System 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 Switchgear Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Switchgear Monitoring System 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 Switchgear Monitoring System 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 Switchgear Monitoring System Market Size & Forecast, 2018-2028
4.5.1 Switchgear Monitoring System Market Size and Y-o-Y Growth
4.5.2 Switchgear Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Type
5.2.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
5.2.2 High Voltage Monitoring
5.2.3 Partial Discharge Monitoring
5.2.4 Medium Voltage Switchgear Monitoring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Applications
6.2.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
6.2.2 Utilities
6.2.3 Industries
6.2.4 Commercial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Switchgear Monitoring System 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 Switchgear Monitoring System 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 Switchgear Monitoring System Analysis and Forecast
9.1 Introduction
9.2 North America Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Type
9.6.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
9.6.2 High Voltage Monitoring
9.6.3 Partial Discharge Monitoring
9.6.4 Medium Voltage Switchgear Monitoring
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 Switchgear Monitoring System Market Size Forecast by Applications
9.10.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
9.10.2 Utilities
9.10.3 Industries
9.10.4 Commercial
9.10.5 Others
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 Switchgear Monitoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Type
10.6.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
10.6.2 High Voltage Monitoring
10.6.3 Partial Discharge Monitoring
10.6.4 Medium Voltage Switchgear Monitoring
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 Switchgear Monitoring System Market Size Forecast by Applications
10.10.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
10.10.2 Utilities
10.10.3 Industries
10.10.4 Commercial
10.10.5 Others
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 Switchgear Monitoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Type
11.6.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
11.6.2 High Voltage Monitoring
11.6.3 Partial Discharge Monitoring
11.6.4 Medium Voltage Switchgear Monitoring
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 Switchgear Monitoring System Market Size Forecast by Applications
11.10.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
11.10.2 Utilities
11.10.3 Industries
11.10.4 Commercial
11.10.5 Others
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 Switchgear Monitoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Switchgear Monitoring System 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 Switchgear Monitoring System Market Size Forecast by Type
12.6.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
12.6.2 High Voltage Monitoring
12.6.3 Partial Discharge Monitoring
12.6.4 Medium Voltage Switchgear Monitoring
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 Switchgear Monitoring System Market Size Forecast by Applications
12.10.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
12.10.2 Utilities
12.10.3 Industries
12.10.4 Commercial
12.10.5 Others
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) Switchgear Monitoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Switchgear Monitoring System 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) Switchgear Monitoring System Market Size Forecast by Type
13.6.1 Global Switchgear Monitoring System Market Size Growth Rate : 2016 VS 2021 VS 2027
13.6.2 High Voltage Monitoring
13.6.3 Partial Discharge Monitoring
13.6.4 Medium Voltage Switchgear Monitoring
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) Switchgear Monitoring System Market Size Forecast by Applications
13.10.1 Global Switchgear Monitoring System Market Share : 2016 VS 2021 VS 2027
13.10.2 Utilities
13.10.3 Industries
13.10.4 Commercial
13.10.5 Others
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 Switchgear Monitoring System Market: Competitive Dashboard
14.2 Global Switchgear Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Siemens AG
14.3.3 ABB
14.3.4 General Electric
14.3.5 Emerson
14.3.6 KONCAR Group
14.3.7 IntelliSAW
