Global Switchgear and Switchboard Apparatus Market 2024-2028

The switchgear and switchboard apparatus market is forecasted to grow by USD 36.93 bn during 2023-2028, accelerating at a CAGR of 6.88% during the forecast period. The report on the switchgear and switchboard apparatus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.48%
CAGR	6.88%
Incremental Value	$36.93bn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing global demand for power, capacity expansion for renewable power generation, and a rise in several residential and commercial building projects.

Technavio's switchgear and switchboard apparatus market is segmented as below:

By Power Rating

Medium voltage (2-36 kV)
High voltage (above 36 kV)
Low voltage (up to 1 kV)

By Type

GIS (gas insulated switchgear)
AIS (air insulated switchgear)
Others

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the increasing launches of switchgear by vendors as one of the prime reasons driving the switchgear and switchboard apparatus market growth during the next few years. Also, increasing demand for smart switchgear and switchboard apparatus and increasing application of AIS will lead to sizable demand in the market.

The report on the switchgear and switchboard apparatus market covers the following areas:

Switchgear and switchboard apparatus market sizing
Switchgear and switchboard apparatus market forecast
Switchgear and switchboard apparatus market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading switchgear and switchboard apparatus market vendors that include ABB Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Havells India Ltd., Hitachi Ltd., Hubbell Inc., Hyosung Corp., Hyundai Electric and Energy Systems Co. Ltd., Legrand SA, Luck Switchgear, Mitsubishi Electric Corp., Powell Industries Inc., Schneider Electric SE, Secheron SA, Siemens AG, Switchgear and Control Technics Pvt. Ltd., Toshiba Corp., and Tricolite. Also, the switchgear and switchboard apparatus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR77292

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Power Rating
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global switchgear and switchboard apparatus market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global switchgear and switchboard apparatus market 2018 - 2022 ($ billion)
4.2 Power Rating Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Power Rating Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Power Rating

6.1 Market segments
Exhibit 30: Chart on Power Rating - Market share 2023-2028 (%)
Exhibit 31: Data Table on Power Rating - Market share 2023-2028 (%)
6.2 Comparison by Power Rating
Exhibit 32: Chart on Comparison by Power Rating
Exhibit 33: Data Table on Comparison by Power Rating
6.3 Medium voltage (2-36 kV) - Market size and forecast 2023-2028
Exhibit 34: Chart on Medium voltage (2-36 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Medium voltage (2-36 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Medium voltage (2-36 kV) - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Medium voltage (2-36 kV) - Year-over-year growth 2023-2028 (%)
6.4 High voltage (above 36 kV) - Market size and forecast 2023-2028
Exhibit 38: Chart on High voltage (above 36 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on High voltage (above 36 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on High voltage (above 36 kV) - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on High voltage (above 36 kV) - Year-over-year growth 2023-2028 (%)
6.5 Low voltage (up to 1 kV) - Market size and forecast 2023-2028
Exhibit 42: Chart on Low voltage (up to 1 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Low voltage (up to 1 kV) - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Low voltage (up to 1 kV) - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Low voltage (up to 1 kV) - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Power Rating
Exhibit 46: Market opportunity by Power Rating ($ billion)
Exhibit 47: Data Table on Market opportunity by Power Rating ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 48: Chart on Type - Market share 2023-2028 (%)
Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 GIS (gas insulated switchgear) - Market size and forecast 2023-2028
Exhibit 52: Chart on GIS (gas insulated switchgear) - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on GIS (gas insulated switchgear) - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on GIS (gas insulated switchgear) - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on GIS (gas insulated switchgear) - Year-over-year growth 2023-2028 (%)
7.4 AIS (air insulated switchgear) - Market size and forecast 2023-2028
Exhibit 56: Chart on AIS (air insulated switchgear) - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on AIS (air insulated switchgear) - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on AIS (air insulated switchgear) - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on AIS (air insulated switchgear) - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 64: Market opportunity by Type ($ billion)
Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 119: ABB Ltd. - Overview
Exhibit 120: ABB Ltd. - Business segments
Exhibit 121: ABB Ltd. - Key offerings
Exhibit 122: ABB Ltd. - Segment focus
12.4 Bharat Heavy Electricals Ltd.
Exhibit 123: Bharat Heavy Electricals Ltd. - Overview
Exhibit 124: Bharat Heavy Electricals Ltd. - Business segments
Exhibit 125: Bharat Heavy Electricals Ltd. - Key news
Exhibit 126: Bharat Heavy Electricals Ltd. - Key offerings
Exhibit 127: Bharat Heavy Electricals Ltd. - Segment focus
12.5 CG Power and Industrial Solutions Ltd.
Exhibit 128: CG Power and Industrial Solutions Ltd. - Overview
Exhibit 129: CG Power and Industrial Solutions Ltd. - Business segments
Exhibit 130: CG Power and Industrial Solutions Ltd. - Key offerings
Exhibit 131: CG Power and Industrial Solutions Ltd. - Segment focus
12.6 Eaton Corp. Plc
Exhibit 132: Eaton Corp. Plc - Overview
Exhibit 133: Eaton Corp. Plc - Business segments
Exhibit 134: Eaton Corp. Plc - Key news
Exhibit 135: Eaton Corp. Plc - Key offerings
Exhibit 136: Eaton Corp. Plc - Segment focus
12.7 General Electric Co.
Exhibit 137: General Electric Co. - Overview
Exhibit 138: General Electric Co. - Business segments
Exhibit 139: General Electric Co. - Key news
Exhibit 140: General Electric Co. - Key offerings
Exhibit 141: General Electric Co. - Segment focus
12.8 Havells India Ltd.
Exhibit 142: Havells India Ltd. - Overview
Exhibit 143: Havells India Ltd. - Business segments
Exhibit 144: Havells India Ltd. - Key news
Exhibit 145: Havells India Ltd. - Key offerings
Exhibit 146: Havells India Ltd. - Segment focus
12.9 Hitachi Ltd.
Exhibit 147: Hitachi Ltd. - Overview
Exhibit 148: Hitachi Ltd. - Business segments
Exhibit 149: Hitachi Ltd. - Key news
Exhibit 150: Hitachi Ltd. - Key offerings
Exhibit 151: Hitachi Ltd. - Segment focus
12.10 Hubbell Inc.
Exhibit 152: Hubbell Inc. - Overview
Exhibit 153: Hubbell Inc. - Business segments
Exhibit 154: Hubbell Inc. - Key offerings
Exhibit 155: Hubbell Inc. - Segment focus
12.11 Hyosung Corp.
Exhibit 156: Hyosung Corp. - Overview
Exhibit 157: Hyosung Corp. - Product / Service
Exhibit 158: Hyosung Corp. - Key news
Exhibit 159: Hyosung Corp. - Key offerings
12.12 Hyundai Electric and Energy Systems Co. Ltd.
Exhibit 160: Hyundai Electric and Energy Systems Co. Ltd. - Overview
Exhibit 161: Hyundai Electric and Energy Systems Co. Ltd. - Product / Service
Exhibit 162: Hyundai Electric and Energy Systems Co. Ltd. - Key offerings
12.13 Legrand SA
Exhibit 163: Legrand SA - Overview
Exhibit 164: Legrand SA - Business segments
Exhibit 165: Legrand SA - Key offerings
Exhibit 166: Legrand SA - Segment focus
12.14 Mitsubishi Electric Corp.
Exhibit 167: Mitsubishi Electric Corp. - Overview
Exhibit 168: Mitsubishi Electric Corp. - Business segments
Exhibit 169: Mitsubishi Electric Corp. - Key news
Exhibit 170: Mitsubishi Electric Corp. - Key offerings
Exhibit 171: Mitsubishi Electric Corp. - Segment focus
12.15 Powell Industries Inc.
Exhibit 172: Powell Industries Inc. - Overview
Exhibit 173: Powell Industries Inc. - Product / Service
Exhibit 174: Powell Industries Inc. - Key offerings
12.16 Schneider Electric SE
Exhibit 175: Schneider Electric SE - Overview
Exhibit 176: Schneider Electric SE - Business segments
Exhibit 177: Schneider Electric SE - Key news
Exhibit 178: Schneider Electric SE - Key offerings
Exhibit 179: Schneider Electric SE - Segment focus
12.17 Siemens AG
Exhibit 180: Siemens AG - Overview
Exhibit 181: Siemens AG - Business segments
Exhibit 182: Siemens AG - Key news
Exhibit 183: Siemens AG - Key offerings
Exhibit 184: Siemens AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 185: Inclusions checklist
Exhibit 186: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 187: Currency conversion rates for US$
13.4 Research methodology
Exhibit 188: Research methodology
Exhibit 189: Validation techniques employed for market sizing
Exhibit 190: Information sources
13.5 List of abbreviations
Exhibit 191: List of abbreviations