Market Overview:
The global switch cabinet 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 switch cabinets in residential and industrial applications. Additionally, the growing demand for energy-efficient and smart switch cabinets is also contributing to the growth of this market. Based on type, the global switch cabinet market can be segmented into low voltage, medium voltage, and high voltage switch cabinets. Low voltage switches are used in residential applications while medium and high voltage switches are used in industrial and commercial applications respectively. The low voltage segment is expected to grow at a CAGR of 6% from 2018 to 2030 while the medium/high-voltage segments are expected to grow at a CAGR of 4% during the same period. Based on application, the global Switch Cabinet Market can be divided into three segments: Residential, Commercial & Industrial (C&I), and Others (including transportation & infrastructure). The Residential application segment is estimated account for majority share of total revenue generated by Switch Cabinet Market by 2030 end followed by Commercial & Industrial application segments . However ,the Othersapplication Segmentis projectedto register highest CAGR over forecast period . Regionally , North America accounted for largest shareof GlobalSwitch CabinetMarketin 2017and itis projectedto maintain its dominance throughout forecast period .
Product Definition:
A switch cabinet is a piece of electrical equipment that houses switches. Switch cabinets are important because they allow people to control the flow of electricity through a system.
Low Voltage Switch Cabinet:
Low voltage switch cabinet is a device used to control and monitor electric power usage in commercial and industrial applications. It's main function is to cut the electricity supply when demand exceeds supply by reducing the output of high voltage switches, thus protecting equipment from damage. The low voltage switch cabinet has different types such as surface mount, panel mount, pole mounted etc., based on mounting type it controls an area or multiple areas with switching devices.
Medium Voltage Switch Cabinet:
The medium voltage switch cabinet is used to connect two or more devices together and it has three basic components, which are plug, blade and wall outlet. It is widely used in the industries such as commercial, residential and industrial sectors for switching power supply. The growing demand for electronic gadgets across the globe has led to an increase in usage of medium voltage switch cabinet.
Application Insights:
The residential segment accounted for the largest revenue share of over 60.0% in 2017 and is projected to witness significant growth during the forecast period. The growing demand for electric power switches, dimmers, and receptacles in homes as well as apartments is expected to be a major factor driving the global switch cabinet market during the forecast period.
Industrial application was estimated to be worth USD 1.5 billion in 2017 owing to increasing demand from industries such as oil & gas, chemical, manufacturing etc., Growing industrialization across various regions coupled with stringent regulations regarding energy conservation are anticipated to boost industry growth over the coming years.
The others segment includes healthcare facilities, commercial buildings (office spaces), educational institutions etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric switchgears in countries, such as China and India. The growing industrialization and rapid urbanization are also driving the growth of industries in this region, which will subsequently drive the demand for swithcg cabinet over the forecast period.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to high product penetration by major players along with increased adoption across several end-use sectors including residential applications due to rising consumer awareness regarding energy conservation issues associated switchgear installation can help reduce electricity consumption by upscaling lighting & appliances efficiency through load management thus reducing overall power consumption costs.
Growth Factors:
- Increasing demand for data centers and telecommunication infrastructure
- Growing popularity of cloud-based services
- Proliferation of Internet of Things (IoT) devices and big data analytics
- Emergence of new technologies such as 5G, artificial intelligence, and machine learning
- Stringent government regulations on energy consumption
Scope Of The Report
Report Attributes
Report Details
Report Title
Switch Cabinet Market Research Report
By Type
Low Voltage Switch Cabinet, Medium Voltage Switch Cabinet, High Voltage Switch Cabinet
By Application
Residential, Industries, Others
By Companies
Schneider Electric, ABB, EATON, SIEMENS, GE, Mitsubishi Electric, Fuji Electric, Hyundai Heavy Industries, Toshiba, SENTEG, Hyosung, Meidensha Corporation, CHINT, Changshu switch, China XD Group Company, Wecome, TGOOD, HEAG, CTCS, Sunrise Group
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Switch Cabinet Market Report Segments:
The global Switch Cabinet market is segmented on the basis of:
Types
Low Voltage Switch Cabinet, Medium Voltage Switch Cabinet, High Voltage Switch Cabinet
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
Residential, Industries, 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
- ABB
- EATON
- SIEMENS
- GE
- Mitsubishi Electric
- Fuji Electric
- Hyundai Heavy Industries
- Toshiba
- SENTEG
- Hyosung
- Meidensha Corporation
- CHINT
- Changshu switch
- China XD Group Company
- Wecome
- TGOOD
- HEAG
- CTCS
- Sunrise Group
Highlights of The Switch Cabinet 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:
- Low Voltage Switch Cabinet
- Medium Voltage Switch Cabinet
- High Voltage Switch Cabinet
- By Application:
- Residential
- Industries
- 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 Switch Cabinet 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
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- 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?
A switch cabinet is a type of electrical equipment that consists of a number of switches, each with its own power supply. The switches are arranged in panels or banks, and the user selects which panel to activate by pressing one of the switches.
Some of the major companies in the switch cabinet market are Schneider Electric, ABB, EATON, SIEMENS, GE, Mitsubishi Electric, Fuji Electric, Hyundai Heavy Industries, Toshiba, SENTEG, Hyosung, Meidensha Corporation, CHINT, Changshu switch, China XD Group Company, Wecome, TGOOD, HEAG, CTCS, Sunrise Group.
The switch cabinet market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Switch Cabinet 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. Switch Cabinet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Switch Cabinet Market - Supply Chain
4.5. Global Switch Cabinet Market Forecast
4.5.1. Switch Cabinet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Switch Cabinet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Switch Cabinet Market Absolute $ Opportunity
5. Global Switch Cabinet 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. Switch Cabinet Market Size and Volume Forecast by Type
5.3.1. Low Voltage Switch Cabinet
5.3.2. Medium Voltage Switch Cabinet
5.3.3. High Voltage Switch Cabinet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Switch Cabinet 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. Switch Cabinet Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Industries
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Switch Cabinet 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. Switch Cabinet 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 Switch Cabinet 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. Switch Cabinet 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 Switch Cabinet Demand Share Forecast, 2019-2026
9. North America Switch Cabinet 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 Switch Cabinet 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 Switch Cabinet Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Industries
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Switch Cabinet Market Size and Volume Forecast by Type
9.7.1. Low Voltage Switch Cabinet
9.7.2. Medium Voltage Switch Cabinet
9.7.3. High Voltage Switch Cabinet
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 Switch Cabinet Demand Share Forecast, 2019-2026
10. Latin America Switch Cabinet 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 Switch Cabinet 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 Switch Cabinet Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Industries
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Switch Cabinet Market Size and Volume Forecast by Type
10.7.1. Low Voltage Switch Cabinet
10.7.2. Medium Voltage Switch Cabinet
10.7.3. High Voltage Switch Cabinet
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 Switch Cabinet Demand Share Forecast, 2019-2026
11. Europe Switch Cabinet 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 Switch Cabinet 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 Switch Cabinet Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Industries
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Switch Cabinet Market Size and Volume Forecast by Type
11.7.1. Low Voltage Switch Cabinet
11.7.2. Medium Voltage Switch Cabinet
11.7.3. High Voltage Switch Cabinet
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 Switch Cabinet Demand Share, 2019-2026
12. Asia Pacific Switch Cabinet 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 Switch Cabinet 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 Switch Cabinet Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Industries
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Switch Cabinet Market Size and Volume Forecast by Type
12.7.1. Low Voltage Switch Cabinet
12.7.2. Medium Voltage Switch Cabinet
12.7.3. High Voltage Switch Cabinet
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 Switch Cabinet Demand Share, 2019-2026
13. Middle East & Africa Switch Cabinet 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 Switch Cabinet 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 Switch Cabinet Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Industries
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Switch Cabinet Market Size and Volume Forecast by Type
13.7.1. Low Voltage Switch Cabinet
13.7.2. Medium Voltage Switch Cabinet
13.7.3. High Voltage Switch Cabinet
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 Switch Cabinet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Switch Cabinet Market: Market Share Analysis
14.2. Switch Cabinet Distributors and Customers
14.3. Switch Cabinet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EATON
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. GE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji 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. Hyundai Heavy Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SENTEG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hyosung
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Meidensha Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CHINT
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Changshu switch
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. China XD Group Company
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wecome
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TGOOD
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. HEAG
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CTCS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sunrise Group
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
