Market Research Report
Global Switchgear Market Size By Voltage, By Insulation, By Installation, By Current, By Application Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||562159|
|Published||Content info||560 Pages
Delivery time: 2-3 business days
|Global Switchgear Market Size By Voltage, By Insulation, By Installation, By Current, By Application Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026|
|Published: March 6, 2020||Content info: 560 Pages||
Global Switchgear Market Size By Voltage (LV, MV, HV), By Insulation (Air, Gas, Oil, Vacuum), By Installation (Indoor, Outdoor), By Current (AC, DC), By Application (Residential & Commercial, Industrial, Utility) Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026.
The global switchgear market is poised to bring in significant revenue growth with opportunities in residential, commercial, industrial, and utilities sectors. Switchgear is an apparatus which is mostly used for controlling, switching as well as protecting the electrical circuits and equipment. The isolator, fuses, relays, lightning arresters, switches, circuit breaker, control panels, indicating instrument and potential and current transformer are some of the examples of the switchgear devices.
Functions of switchgear include clearing the fault current, carrying the normal load current, and making or breaking the normal load current.
The switchgear system is linked to the supply system directly. It is placed in both high and low voltage side of the power transformer. The switchgear is utilized for de-energizing the equipment for testing as well as maintenance and for clearing the fault. When the fault occurs in the power system, usually heavy current flows through equipment due to which the equipment gets damaged, and the service also gets interrupted. In order to protect the lines, transformers, generators, as well as other electrical equipment from damage, switchgear or automatic protective devices are required.
Depending on the voltage levels and economic viability, switchgear can be of two types namely outdoor or indoor types. Among these, the indoor switchgear is generally used for medium voltages and is enclosed in a metal enclosure which is grounded. Indoor switchgear is generally gas insulated system and is employed where the air is dust laden and corrosive, and cost of land is high.
The global switchgear market is segmented in terms of voltage, insulation, installation, current, application, and regional landscape.
Based on voltage, the market is classified into low voltage, medium voltage, and high voltage. Electrical switchgear rated up to 1 KV is low voltage switchgear. The term low-voltage switchgear includes off load electrical isolators, earth leakage circuit breaker, low voltage circuit breakers, switches, MCCB (molded case circuit breakers), HRC fuses, and MCB (miniature circuit breakers).
Medium voltage switchgear is rated from 3 KV to 36 KV. The main requirement of medium voltage switchgear is to interrupt current during faulty condition regardless of what type of CB is utilized in the medium switchgear system. Voltage power of above 36 KV is referred as high voltage. The main component in high voltage switchgear is the high voltage circuit breaker.
With respect to insulation, the market is bifurcated into air, gas, oil and vacuum. Among these, oil insulation, on account of volatile prices, has witnessed minimal market hold in the current competitive industry scenario. The technology is projected to witness negligible market growth owing to the need for supplementary equipment for the maintenance and service of systems which in turn hikes the operational costs.
From a regional frame of reference, Middle East & Africa switchgear market will observe growing need for restoration and refurbishment of existing electrical setup and increasing investments throughout energy infrastructure field, thereby augmenting the business growth across the region. Increasing energy demand coupled with large scale urbanization across Latin America is considerably driving the need for the integration of a sustainable electric infrastructure.