Market Overview:
The global high voltage 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 transmission and distribution infrastructure across the globe. Additionally, growing awareness about energy efficiency is also propelling the demand for high voltage switchgear products. Based on type, gas insulated switchgear (GIS) held a major share of the global high voltage switchgear market in 2017. This can be attributed to its advantages such as low maintenance cost, compact size, and easy installation.
Product Definition:
High voltage switchgear is a type of electrical equipment that is used to control and protect high voltage circuits. It consists of a number of switches, circuit breakers, and other devices that are used to isolate faults and manage the flow of electricity. High voltage switchgear is important because it helps to ensure the safe operation of high voltage systems.
Gas Insulated Switchgear (GIS):
Gas Insulated Switchgear (GIS) is a type of switchgear designed to handle high voltage electricity. It can handle voltages ranging from 120KV and above. GIS acts as an insulator, preventing the flow of heat or coolant inside it which prevents the equipment from overheating and allows safe operation for a longer duration.
Air Insulated Switchgear (AIS):
Air insulated switchgear (AIS) is a type of switchgear designed to handle high-voltage electricity. The AIS consists of an insulating layer made up of either foam or gel, which is separated from the switching components by a gas such as nitrogen or carbon dioxide. As the voltage increases, so does the air insulation level in order to protect the switching components at higher temperatures.
The major advantage offered by this equipment is that it helps in increasing efficiency.
Application Insights:
The transmission and distribution segment dominated the global high voltage switchgear market in 2017. This can be attributed to growing demand for electricity from renewable sources, such as wind energy. Furthermore, increasing investments by governments in infrastructure development are expected to boost the growth of this application segment over the forecast period.
Processing and manufacturing was another prominent segment that accounted for a significant share of the overall revenue in 2017 owing to rising demand for industrial machinery across various industries worldwide. The presence of key manufacturers with extensive production facilities enables them to cater efficiently to this demand without having any difficulty in meeting future requirements as well.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing demand for electricity in emerging economies, such as China and India. In addition, rising investments in various renewable energy projects are anticipated to drive the market further. For instance, China has planned installation of around 20 GW worth solar panels by 2020 which would require huge amounts of power distribution equipment.
Europe was estimated as the second-largest regional market in 2017 owing to high penetration rates and growing demand for technologically advanced products across countries including Germany, France, Italy and U.K., among others. North America also accounted for a significant share due to presence of major companies along with high consumer awareness regarding voltage stability requirements associated with different applications within their respective industries/sectors/areas etc.).
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
- Development of smart grids and renewable energy sources
- Technological advancements in switchgear products
Scope Of The Report
Report Attributes
Report Details
Report Title
High Voltage Switchgear Market Research Report
By Type
Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS)
By Application
Transmission & Distribution, Processing & Manufacturing, Infrastructure & Transportation
By Companies
ABB, GE, Mitsubishi Electric, Siemens, Toshiba
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global High Voltage Switchgear Market Report Segments:
The global High Voltage Switchgear market is segmented on the basis of:
Types
Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS)
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
Transmission & Distribution, Processing & Manufacturing, Infrastructure & Transportation
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:
- ABB
- GE
- Mitsubishi Electric
- Siemens
- Toshiba
Highlights of The High Voltage 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:
- Gas Insulated Switchgear (GIS)
- Air Insulated Switchgear (AIS)
- By Application:
- Transmission & Distribution
- Processing & Manufacturing
- Infrastructure & Transportation
- 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 High Voltage 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?
High voltage switchgear is a type of electrical equipment used to transfer high voltages between circuits. It can be found in power plants, substations, and other large electrical installations.
Some of the major players in the high voltage switchgear market are ABB, GE, Mitsubishi Electric, Siemens, Toshiba.
The high voltage switchgear market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Voltage 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. High Voltage Switchgear Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Voltage Switchgear Market - Supply Chain
4.5. Global High Voltage Switchgear Market Forecast
4.5.1. High Voltage Switchgear Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Voltage Switchgear Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Voltage Switchgear Market Absolute $ Opportunity
5. Global High Voltage 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. High Voltage Switchgear Market Size and Volume Forecast by Type
5.3.1. Gas Insulated Switchgear (GIS)
5.3.2. Air Insulated Switchgear (AIS)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Voltage 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. High Voltage Switchgear Market Size and Volume Forecast by Application
6.3.1. Transmission & Distribution
6.3.2. Processing & Manufacturing
6.3.3. Infrastructure & Transportation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Voltage 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. High Voltage 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 High Voltage 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. High Voltage 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 High Voltage Switchgear Demand Share Forecast, 2019-2026
9. North America High Voltage 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 High Voltage 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 High Voltage Switchgear Market Size and Volume Forecast by Application
9.4.1. Transmission & Distribution
9.4.2. Processing & Manufacturing
9.4.3. Infrastructure & Transportation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Voltage Switchgear Market Size and Volume Forecast by Type
9.7.1. Gas Insulated Switchgear (GIS)
9.7.2. Air Insulated Switchgear (AIS)
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 High Voltage Switchgear Demand Share Forecast, 2019-2026
10. Latin America High Voltage 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 High Voltage 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 High Voltage Switchgear Market Size and Volume Forecast by Application
10.4.1. Transmission & Distribution
10.4.2. Processing & Manufacturing
10.4.3. Infrastructure & Transportation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Voltage Switchgear Market Size and Volume Forecast by Type
10.7.1. Gas Insulated Switchgear (GIS)
10.7.2. Air Insulated Switchgear (AIS)
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 High Voltage Switchgear Demand Share Forecast, 2019-2026
11. Europe High Voltage 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 High Voltage 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 High Voltage Switchgear Market Size and Volume Forecast by Application
11.4.1. Transmission & Distribution
11.4.2. Processing & Manufacturing
11.4.3. Infrastructure & Transportation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Voltage Switchgear Market Size and Volume Forecast by Type
11.7.1. Gas Insulated Switchgear (GIS)
11.7.2. Air Insulated Switchgear (AIS)
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 High Voltage Switchgear Demand Share, 2019-2026
12. Asia Pacific High Voltage 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 High Voltage 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 High Voltage Switchgear Market Size and Volume Forecast by Application
12.4.1. Transmission & Distribution
12.4.2. Processing & Manufacturing
12.4.3. Infrastructure & Transportation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Voltage Switchgear Market Size and Volume Forecast by Type
12.7.1. Gas Insulated Switchgear (GIS)
12.7.2. Air Insulated Switchgear (AIS)
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 High Voltage Switchgear Demand Share, 2019-2026
13. Middle East & Africa High Voltage 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 High Voltage 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 High Voltage Switchgear Market Size and Volume Forecast by Application
13.4.1. Transmission & Distribution
13.4.2. Processing & Manufacturing
13.4.3. Infrastructure & Transportation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Voltage Switchgear Market Size and Volume Forecast by Type
13.7.1. Gas Insulated Switchgear (GIS)
13.7.2. Air Insulated Switchgear (AIS)
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 High Voltage Switchgear Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Voltage Switchgear Market: Market Share Analysis
14.2. High Voltage Switchgear Distributors and Customers
14.3. High Voltage Switchgear Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
