Market Research Report
Switchgear Monitoring System Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||919301|
Delivery time: 2-3 business days
|Switchgear Monitoring System Market 2019-2025|
|Published: November 26, 2019||Content info:||
Switchgear Monitoring System
Market Size, Share & Trends Analysis Report, by Type (Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS)), By End-User (Utilities, Industrial, Commercial, and Others), and Forecast, 2019-2025.
The high utilization of electricity in various industry verticals such as manufacturing and industrial along with many other industries has led to the increasing demand for reliable and efficient power monitoring systems. The rising concern for the better maintenance of electrification systems has enabled the demand for on-line monitoring and diagnostic system. Increasing investment in renewable energy along with rising demand for safe and secure electrical distribution system has led to the increasing market share of switchgear monitoring systems.
The switchgear monitoring system market is segmented based on type and end-user. Based on the type, the market is segmented into gas-insulated and air-insulated switchgear. Gas-insulated switchgear segment is expected to show considerable share growth over the forecast period as the gas-insulated segment is mainly utilized in industries to provide high-energy demands along with space-saving the design. Based on end-user, the market is segmented into utilities, industrial, commercial and others. The utility segment is expected to register significant growth over the forecast period owing to the increasing adoption of smart and secure electric infrastructure across various industry verticals.
Geographically, the market is further segmented into four major regions, such as North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is expected to show significant growth over the forecast period owing to the government regulations to upgrade the existing infrastructure along with the integration of renewable energy sources to enable efficient power and energy supply. Some of the major players in the field of switchgear monitoring system market include Schneider Electric, Siemens AG, ABB Group, General Electric, Co., Emerson Electric, Co., along with many others.
The market study of the switchgear monitoring system market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for utilities, industrial and commercial industry for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.