Market Overview:
The global underground distribution 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 electricity and rising investments in smart grid infrastructure across the globe. In addition, growing awareness about safety and security issues is also propelling the growth of this market. Based on type, high voltage underground distribution switchgear held a major share of the global underground distribution switchgear market in 2017. This can be attributed to its ability to handle high voltages without any losses or damage.
Product Definition:
Underground Distribution Switchgear is a type of switchgear that is used to distribute power underground. It is important because it helps to protect people and equipment from potential hazards caused by electricity.
High Vottage Switchgear:
High voltage switchgear is a category of electric equipment designed to handle extremely high voltages and current levels. The design criteria for high voltage switchgear include excellent insulation, low leakage, fire protection, and long service life. High-voltage switchgear is used in transmission & distribution (T&D) networks that operate at or above 33kV AC/DC. It finds application in underground power cables as well as overhead lines that are used to supply electricity to the general public.
Low Vottage Switchgear:
Low voltageottage switchgear is a type of switchgear designed to handle low voltage electricity. It is mainly used in underground distribution systems for the protection and switching of electrical power. Low voltageottage switchgears are made up of different materials such as cast iron, plastic, and steel; depending on the application they are employed in. They have high mechanical strength owing to which they can carry large electric currents without getting damaged easily.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the rising number of shopping malls, supermarts and hypermarkets across countries such as India, China and Australia. These distribution centers are equipped with underground switchgear that meets industrial standards and are designed for high-volume operations in a commercial area.
The growing trend of e-commerce has resulted in an increased demand for storage spaces where products can be stored until they are ready for delivery to customers across countries such as India, China and Australia who prefer home delivery services over traditional retail stores due to their ease of use along with benefits offered by online retailers including discounts on purchases above a certain value, cash on delivery service among others which is expected to drive the market growth further during the forecast period.
Regional Analysis:
Europe dominated the global market in 2017 owing to the growing demand for UGS from commercial and industrial applications. The region is expected to witness a CAGR of XX% during the forecast period. Increasing penetration of UGS in industries such as oil & gas, power generation, water treatment, mining among others is anticipated to drive regional growth.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to increasing adoption by residential consumers due to rising disposable income and improved standard of living coupled with government initiatives pertaining toward infrastructure development at country levels. Rising number nuclear families are also driving up demand for these switches across countries such as China and India among others in Asia Pacific region which has led major players including Huawei Technologies Co., Ltd.; ZTE Corporation; Siemens AG; Alstom GIE; Belden Inc.; Furukawa Electric Co., Ltd.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for safety of electrical equipment
- Technological advancements in underground distribution switchgear products
- Growing awareness about the benefits of using underground distribution switchgear
Scope Of The Report
Report Attributes
Report Details
Report Title
Underground Distribution Switchgear Market Research Report
By Type
High Vottage Switchgear, Low Vottage Switchgear
By Application
Commercial, Industrial, Residential
By Companies
Eaton Corporation, Federal Pacific, Entec Electric & Electronic, Trayer Engineering Corporation, Tiepco, Power Grid Solution, S&C Electric Company, Electronic & Electrical Industries Corporation, G&W Electric, EC&M Electrical
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Underground Distribution Switchgear Market Report Segments:
The global Underground Distribution Switchgear market is segmented on the basis of:
Types
High Vottage Switchgear, Low Vottage 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
Commercial, Industrial, Residential
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:
- Eaton Corporation
- Federal Pacific
- Entec Electric & Electronic
- Trayer Engineering Corporation
- Tiepco
- Power Grid Solution
- S&C Electric Company
- Electronic & Electrical Industries Corporation
- G&W Electric
- EC&M Electrical
Highlights of The Underground Distribution 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 Vottage Switchgear
- Low Vottage Switchgear
- By Application:
- Commercial
- Industrial
- Residential
- 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 Underground Distribution 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?
Underground distribution switchgear is a type of electrical equipment used to distribute electricity in an underground network. It consists of switches, cables, and other components that allow electricians to connect individual homes and businesses to the power grid. Underground distribution switchgear can be damaged by floods or earthquakes, so it's important to have it inspected regularly.
Some of the key players operating in the underground distribution switchgear market are Eaton Corporation, Federal Pacific, Entec Electric & Electronic, Trayer Engineering Corporation, Tiepco, Power Grid Solution, S&C Electric Company, Electronic & Electrical Industries Corporation, G&W Electric, EC&M Electrical.
The underground distribution switchgear market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underground Distribution 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 Underground Distribution Switchgear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underground Distribution 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 Underground Distribution 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 Underground Distribution Switchgear Market Size & Forecast, 2018-2028
4.5.1 Underground Distribution Switchgear Market Size and Y-o-Y Growth
4.5.2 Underground Distribution Switchgear Market Absolute $ Opportunity
Chapter 5 Global Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Type
5.2.1 High Vottage Switchgear
5.2.2 Low Vottage Switchgear
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underground Distribution 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 Underground Distribution 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 Underground Distribution Switchgear Analysis and Forecast
9.1 Introduction
9.2 North America Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Type
9.6.1 High Vottage Switchgear
9.6.2 Low Vottage 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 Underground Distribution Switchgear Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
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 Underground Distribution Switchgear Analysis and Forecast
10.1 Introduction
10.2 Europe Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Type
10.6.1 High Vottage Switchgear
10.6.2 Low Vottage 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 Underground Distribution Switchgear Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
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 Underground Distribution Switchgear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Type
11.6.1 High Vottage Switchgear
11.6.2 Low Vottage 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 Underground Distribution Switchgear Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
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 Underground Distribution Switchgear Analysis and Forecast
12.1 Introduction
12.2 Latin America Underground Distribution Switchgear 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 Underground Distribution Switchgear Market Size Forecast by Type
12.6.1 High Vottage Switchgear
12.6.2 Low Vottage 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 Underground Distribution Switchgear Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
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) Underground Distribution Switchgear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Underground Distribution Switchgear 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) Underground Distribution Switchgear Market Size Forecast by Type
13.6.1 High Vottage Switchgear
13.6.2 Low Vottage 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) Underground Distribution Switchgear Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
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 Underground Distribution Switchgear Market: Competitive Dashboard
14.2 Global Underground Distribution Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton Corporation
14.3.2 Federal Pacific
14.3.3 Entec Electric & Electronic
14.3.4 Trayer Engineering Corporation
14.3.5 Tiepco
14.3.6 Power Grid Solution
14.3.7 S&C Electric Company
14.3.8 Electronic & Electrical Industries Corporation
14.3.9 G&W Electric
14.3.10 EC&M Electrical
