PUBLISHER: IMARC | PRODUCT CODE: 1298781
PUBLISHER: IMARC | PRODUCT CODE: 1298781
High Voltage Switchgear Market by Type (Air Insulated, Gas Insulated, and Others), Application (Power Generation, Industrial, Oil and Gas, and Others), and Region 2023-2028
The global high voltage switchgear market size reached US$ 30.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.07 Billion by 2028, exhibiting a growth rate (CAGR) of 6.00% during 2023-2028. The rising energy demand, the increasing investments in smart grid technologies and the rapid modernization of aging power infrastructure represent some of the key factors driving the market.
High voltage switchgear is a type of electrical equipment that is used to control, protect and isolate electrical power transmission and distribution systems with voltages above 36 kV. It is essential for the efficient and reliable operation of power grids, as it enables the safe and effective transmission and distribution of electrical power from power stations to end-users. It typically consists of various components such as circuit breakers, disconnectors, switches, fuses, and control panels. These components are designed to perform specific functions, such as isolating faulty equipment or interrupting the flow of current in the event of a fault or overload. Presently, there are two main types of high-voltage switchgear available, namely, air-insulated switchgear (AIS) and gas-insulated switchgear (GIS), which is preferred in situations where space is limited or in urban areas due to its compact size and low maintenance requirements. As a result, high-voltage switchgear is used in a wide range of applications, including power generation, transmission, and distribution, industrial plants, and infrastructure projects.
High Voltage Switchgear Market Trends:
The market is primarily driven by the growing demand for electricity across the world and the surging need for reliable power supply. High voltage switchgear is used to control and protect power transmission and distribution networks, ensuring reliable and uninterrupted power supply. In addition, the rapid modernization of aging power infrastructure represents another major growth-inducing factor. As old switchgear reaches the end of its service life, it needs to be replaced with newer, more efficient switchgear, which is driving the growth of the market. Besides this, the increasing investments in smart grid technologies are also escalating the demand for high-voltage switchgear as it is an essential component of smart grids, which use advanced sensors and communication technologies to optimize power transmission and distribution. Moreover, the market is propelled by the introduction of new materials and technologies, such as gas-insulated switchgear and digital switchgear, that offer improved performance, greater efficiency, and reduced environmental impact. Furthermore, the increasing shift toward renewable energy sources such as wind, solar, and hydroelectric power has resulted in an increase in demand for high-voltage switchgear, which is creating a positive market outlook across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global high voltage switchgear market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.
Type Insights:
Air Insulated
Gas Insulated
Others
The report has provided a detailed breakup and analysis of the high voltage switchgear market based on the type. This includes air insulated, gas insulated, and others. According to the report, gas insulated high voltage switchgear represented the largest segment.
Application Insights:
Power Generation
Industrial
Oil and Gas
Others
A detailed breakup and analysis of the high voltage switchgear market based on the application has also been provided in the report. This includes Power Generation, Industrial, Oil and Gas, and Others. According to the report, power generation accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for high voltage switchgear. Some of the factors driving the Asia Pacific high voltage switchgear market included the surging need for reliable power supply, the development of smart grid infrastructure, and the increasing shift toward reliable energy sources.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global high voltage switchgear market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include CG Power and Industrial Solutions Limited, Fuji Electric Co. Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy AG, Toshiba Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global high voltage switchgear market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global high voltage switchgear market?
- What is the impact of each driver, restraint, and opportunity on the global high voltage switchgear market?
- What are the key regional markets?
- Which countries represent the most attractive high voltage switchgear market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the high voltage switchgear market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the high voltage switchgear market?
- What is the competitive structure of the global high voltage switchgear market?
- Who are the key players/companies in the global high voltage switchgear market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global High Voltage Switchgear Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Air Insulated
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Gas Insulated
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Power Generation
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Industrial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Oil and Gas
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 CG Power and Industrial Solutions Limited
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Fuji Electric Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 General Electric Company
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Mitsubishi Electric Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Siemens Energy AG
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Toshiba Corporation
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.1 CG Power and Industrial Solutions Limited
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: High Voltage Switchgear Market: Major Drivers and Challenges
- Figure 2: Global: High Voltage Switchgear Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: High Voltage Switchgear Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: High Voltage Switchgear Market: Breakup by Type (in %), 2022
- Figure 5: Global: High Voltage Switchgear Market: Breakup by Application (in %), 2022
- Figure 6: Global: High Voltage Switchgear Market: Breakup by Region (in %), 2022
- Figure 7: Global: High Voltage Switchgear (Air Insulated) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: High Voltage Switchgear (Air Insulated) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: High Voltage Switchgear (Gas Insulated) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: High Voltage Switchgear (Gas Insulated) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: High Voltage Switchgear (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: High Voltage Switchgear (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: High Voltage Switchgear (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: High Voltage Switchgear (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: High Voltage Switchgear (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: High Voltage Switchgear (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: High Voltage Switchgear (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: High Voltage Switchgear (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: High Voltage Switchgear (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: High Voltage Switchgear (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: North America: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: North America: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: United States: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: United States: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Canada: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Canada: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Asia-Pacific: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Asia-Pacific: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: China: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: China: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Japan: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Japan: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: India: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: India: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: South Korea: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: South Korea: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Australia: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Australia: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Indonesia: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Indonesia: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Others: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Others: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Europe: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Europe: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Germany: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Germany: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: France: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: France: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: United Kingdom: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: United Kingdom: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Italy: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Italy: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Spain: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Spain: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Russia: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Russia: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Latin America: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Latin America: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Brazil: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Brazil: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Mexico: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Mexico: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Middle East and Africa: High Voltage Switchgear Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Middle East and Africa: High Voltage Switchgear Market: Breakup by Country (in %), 2022
- Figure 69: Middle East and Africa: High Voltage Switchgear Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Global: High Voltage Switchgear Industry: Drivers, Restraints, and Opportunities
- Figure 71: Global: High Voltage Switchgear Industry: Value Chain Analysis
- Figure 72: Global: High Voltage Switchgear Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: High Voltage Switchgear Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: High Voltage Switchgear Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: High Voltage Switchgear Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: High Voltage Switchgear Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: High Voltage Switchgear Market: Competitive Structure
- Table 6: Global: High Voltage Switchgear Market: Key Players
