Global High Voltage Switchgear Market Size study & Forecast, by Type (Air-insulated, Gas-insulated and Other Types), by Application (Power Generation, Industrial, Oil and gas, and Others) and Regional Analysis, 2023-2030

Description

List of Tables

Global High Voltage Switchgear Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030 High Voltage Switchgear refers to the equipment used to control and protect electrical power systems with voltage levels above 1 kV. It is an essential component of power transmission and distribution systems, where it is used to isolate and protect electrical equipment and circuits from damage caused by overvoltage, overload, and short-circuit conditions. The High Voltage Switchgear Market is expanding because of factors such as increasing demand for electricity and rising investments in renewable energy.

With the growing global population and urbanization, there is a significant rise in the demand for electricity. This is driving the demand for high voltage switchgear, which is used in power transmission and distribution systems., According to International European Agency, there has been a rise in electricity demand in the residential sector as in the year 2018 the total electricity demand for the residential sector was 6 thousand TWh which increases to 7 thousand TWh in the year 2020 and it is expected to reach at 10 thousand Twh by the year 2040. As a result,, the rise in demand for electricity demand in the residential sector is leveraging the market growth. Furthermore, many countries are investing heavily in renewable energy sources such as wind and solar power. High voltage switchgear is needed to transmit and distribute the electricity generated from these sources. According to the International European Agency, there has been a rise in electricity generation by solar and wind. As in the year 2018, the total energy generated by wind and solar both stood at 1 thousand TWh which increases to 2 thousand TWh and 1.2 thousand TWh respectively in year 2020 and it is expected to reach 5 thousand TWh by the year 2040. As a result,, the rise in electricity generation by solar and wind in the residential sector is driving the market growth. In addition, increasing industrialization across the globe and rising government regulations for power transmission and distribution systems are creating a lucrative opportunity for the market. However, the high cost of High Voltage Switchgear stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global High Voltage Switchgear Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising investment in renewable energies, rising demand for electricity and supportive government policies in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising number of renewable energy projects and geographic expansion of key players, and active participation of government and organizations in the market space.

Major market players included in this report are:

ABB Ltd
Schneider Electric SE
General Electric Company
Toshiba International Corporation
Mitsubishi Electric Corporation
Siemens AG
Larson & Turbo Limited
Bharat Heavy Electricals Limited
CG Power and Industrial Solutions Limited
Hyundai Electric & Energy systems Co. Limited

Recent Developments in the Market:

In January 2020, In India, Siemens finalized the acquisition of C&S Electric. Through this acquisition, Siemens will be able to keep up with the nation's increasing electrification rate while the government concentrates on building the necessary transmission and distribution facilities for the nation's electricity grid.
In December 2020, Hitachi ABB Power Grids unveiled the first-of-its-kind high voltage 72.5 kV hybrid switchgear (Model PASS M00-Wind) for offshore wind applications, enabling the collecting grid between the wind towers to operate at a higher voltage level.

Global High Voltage Switchgear Market Report Scope:

Historical Data: - 2020 - 2021
Base Year for Estimation: - 2022
Forecast period: - 2023-2030
Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: - Type, Application, Region
Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Air-insulated
Gas-insulated
Other Types

By Application:

Power Generation
Industrial
Oil and gas
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. High Voltage Switchgear Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. High Voltage Switchgear Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. High Voltage Switchgear Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global High Voltage Switchgear Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global High Voltage Switchgear Market Dynamics

3.1. High Voltage Switchgear Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for electricity
  - 3.1.1.2. Rising investments in renewable energy
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of High Voltage Switchgear
  - 3.1.2.2. Environmental concerns
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing industrialization across the globe
  - 3.1.3.2. Rising governments regulations for power transmission and distribution systems

Chapter 4. Global High Voltage Switchgear Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global High Voltage Switchgear Market, by Type

5.1. Market Snapshot
5.2. Global High Voltage Switchgear Market by Type, Performance - Potential Analysis
5.3. Global High Voltage Switchgear Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. High Voltage Switchgear Market, Sub Segment Analysis
- 5.4.1. Air-insulated
- 5.4.2. Gas-insulated
- 5.4.3. Other Types

Chapter 6. Global High Voltage Switchgear Market, by Application

6.1. Market Snapshot
6.2. Global High Voltage Switchgear Market by Application, Performance - Potential Analysis
6.3. Global High Voltage Switchgear Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. High Voltage Switchgear Market, Sub Segment Analysis
- 6.4.1. Power Generation
- 6.4.2. Industrial
- 6.4.3. Oil and gas
- 6.4.4. Others

Chapter 7. Global High Voltage Switchgear Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. High Voltage Switchgear Market, Regional Market Snapshot
7.4. North America High Voltage Switchgear Market
- 7.4.1. U.S. High Voltage Switchgear Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada High Voltage Switchgear Market
7.5. Europe High Voltage Switchgear Market Snapshot
- 7.5.1. U.K. High Voltage Switchgear Market
- 7.5.2. Germany High Voltage Switchgear Market
- 7.5.3. France High Voltage Switchgear Market
- 7.5.4. Spain High Voltage Switchgear Market
- 7.5.5. Italy High Voltage Switchgear Market
- 7.5.6. Rest of Europe High Voltage Switchgear Market
7.6. Asia-Pacific High Voltage Switchgear Market Snapshot
- 7.6.1. China High Voltage Switchgear Market
- 7.6.2. India High Voltage Switchgear Market
- 7.6.3. Japan High Voltage Switchgear Market
- 7.6.4. Australia High Voltage Switchgear Market
- 7.6.5. South Korea High Voltage Switchgear Market
- 7.6.6. Rest of Asia Pacific High Voltage Switchgear Market
7.7. Latin America High Voltage Switchgear Market Snapshot
- 7.7.1. Brazil High Voltage Switchgear Market
- 7.7.2. Mexico High Voltage Switchgear Market
7.8. Middle East & Africa High Voltage Switchgear Market
- 7.8.1. Saudi Arabia High Voltage Switchgear Market
- 7.8.2. South Africa High Voltage Switchgear Market
- 7.8.3. Rest of Middle East & Africa High Voltage Switchgear Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ABB Ltd
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Schneider Electric SE
- 8.3.3. General Electric Company
- 8.3.4. Toshiba International Corporation
- 8.3.5. Mitsubishi Electric Corporation
- 8.3.6. Siemens AG
- 8.3.7. Larson & Turbo Limited
- 8.3.8. Bharat Heavy Electricals Limited
- 8.3.9. CG Power and Industrial Solutions Limited
- 8.3.10. Hyundai Electric & Energy systems Co. Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global High Voltage Switchgear Market, report scope
TABLE 2. Global High Voltage Switchgear Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global High Voltage Switchgear Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global High Voltage Switchgear Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global High Voltage Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global High Voltage Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global High Voltage Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global High Voltage Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global High Voltage Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global High Voltage Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global High Voltage Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global High Voltage Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global High Voltage Switchgear Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global High Voltage Switchgear Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia High Voltage Switchgear Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA High Voltage Switchgear Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global High Voltage Switchgear Market
TABLE 70. List of primary sources, used in the study of global High Voltage Switchgear Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global High Voltage Switchgear Market, research methodology
FIG 2. Global High Voltage Switchgear Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global High Voltage Switchgear Market, key trends 2022
FIG 5. Global High Voltage Switchgear Market, growth prospects 2023-2030
FIG 6. Global High Voltage Switchgear Market, porters 5 force model
FIG 7. Global High Voltage Switchgear Market, pest analysis
FIG 8. Global High Voltage Switchgear Market, value chain analysis
FIG 9. Global High Voltage Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global High Voltage Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global High Voltage Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global High Voltage Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global High Voltage Switchgear Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global High Voltage Switchgear Market, regional snapshot 2020 & 2030
FIG 15. North America High Voltage Switchgear Market 2020 & 2030 (USD Billion)
FIG 16. Europe High Voltage Switchgear Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific High Voltage Switchgear Market 2020 & 2030 (USD Billion)
FIG 18. Latin America High Voltage Switchgear Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa High Voltage Switchgear Market 2020 & 2030 (USD Billion)