PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401959
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401959
Metal Enclosed Switchgear Market Forecasts to 2030 - Global Analysis By Type, Voltage, Application and By Geography
According to Stratistics MRC, the Global Metal Enclosed Switchgear Market is growing at a CAGR of 6.2% during the forecast period. Metal-enclosed switchgear refers to a specialized type of electrical distribution equipment designed to house, protect, and control electrical circuits in a metal enclosure. The primary purpose of metal-enclosed switchgear is to provide a secure and organized means of distributing electrical power in a controlled manner. Additionally, it plays a critical role in isolating and controlling electrical circuits, facilitating maintenance, and ensuring the safety of both personnel and equipment.
Market Dynamics:
Driver:
Rising demand for electricity
The increasing demand for electricity is a pivotal driver propelling the growth of the metal-enclosed switchgear market. As global populations surge and industrialization accelerates, the thirst for electrical power intensifies. These switchgear systems provide a dependable and secure way to control power flow within electrical networks, which is essential to the effective transmission and distribution of electricity. Additionally, there is an increasing need for reliable and sophisticated switchgear solutions that can handle heavier loads and offer better performance as urbanization and industrial activity grow.
Restraint:
High initial costs
The high initial costs associated with metal-enclosed switchgear present a significant restraint in the market. Acquiring and implementing metal-enclosed switchgear systems involves substantial upfront investments, encompassing the costs of the equipment itself, installation, and often specialized engineering services. However, these expenses can be particularly challenging for businesses operating on constrained budgets, hindering their ability to adopt advanced switchgear technologies.
Opportunity:
Technological advancements
Advanced technologies offer the potential to enhance the performance, safety, and sustainability of metal-enclosed switchgear, positioning it as a key component in modern power infrastructure. Smart sensors and communication protocols enable real-time monitoring, diagnostics, and predictive maintenance, improving the reliability and resilience of electrical networks. This connectivity allows for better management of energy flows, identification of faults, and optimization of power distribution. Therefore, these advanced technologies are significant drivers for market expansion.
Threat:
Environmental concerns
Environmental concerns constitute a notable restraint in the metal-enclosed switchgear market, primarily due to the use of sulfur hexafluoride (SF6) gas as an insulating medium. SF6 has a high global warming potential, and its release into the atmosphere contributes significantly to climate change. Moreover, this environmental impact has led to increased scrutiny and regulatory measures, creating challenges for the widespread adoption of metal-enclosed switchgear.
COVID-19 Impact
The metal-enclosed switchgear market experienced significant disruptions and challenges due to the COVID-19 pandemic. Lockdowns, travel restrictions, and workforce limitations hindered regular business operations, causing delays in manufacturing and project execution. Moreover, the economic downturn resulted in financial constraints for both manufacturers and end-users, affecting procurement and adoption of advanced switchgear technologies. Projects in various sectors, including construction and industrial facilities, were either put on hold or scaled back, further dampening the demand for metal-enclosed switchgear.
The gas insulated metal-enclosed switchgear segment is expected to be the largest during the forecast period
The gas insulated metal-enclosed switchgear segment is estimated to hold the largest share. Gas-insulated metal-enclosed switchgear (GIS) is a specialized type of metal-enclosed switchgear designed for high-voltage electrical systems. Sulphur hexafluoride (SF6) gas is used in GIS instead of the conventional air-insulated design to act as an arc-quenching and insulating medium. SF6 gas provides superior insulation properties, allowing for more compact designs and reduced space requirements compared to conventional air-insulated switchgear. Moreover, GIS is also well-known for its dependability and lengthy service life, which makes it appropriate for demanding applications in industrial and power utility settings.
The low voltage segment is expected to have the highest CAGR during the forecast period
The low voltage segment is anticipated to have lucrative growth during the forecast period. Metal-enclosed switchgear designed for low-voltage applications serves as a crucial component in electrical distribution networks, offering protection, control, and isolation for circuits with voltages commonly ranging from 600 volts and below. Low voltage Metal-enclosed switchgear is integral to the efficient and safe management of electricity in various settings. It typically includes components such as circuit breakers, contactors, and bus bars enclosed within a metal housing, ensuring protection against environmental factors and unauthorized access. Moreover, in order to prevent electrical failures, distribute power to various loads, and enable the efficient operation of electrical networks, these switchgear systems are essential.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to robust demand for advanced electrical distribution solutions. Metal-enclosed switchgear is becoming increasingly prevalent in a variety of industries due to the growing demand for dependable and effective electricity distribution in this region. The region's continued industrialization, urbanization, and emphasis on the integration of renewable energy sources are the main drivers of the market in North America. Additionally, the metal-enclosed switchgear in this region is designed to meet stringent safety standards and environmental regulations, ensuring the secure and sustainable distribution of electricity.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period, owing to sophisticated and well-established electrical infrastructure. A number of factors, including the ongoing emphasis on energy efficiency, the incorporation of renewable energy, and the need for reliable power distribution in a variety of industries and urban areas, are driving the European market for metal-enclosed switchgear. Additionally, European countries prioritize sustainable and environmentally friendly solutions, influencing the design and adoption of metal-enclosed switchgear systems with advanced features. These systems contribute to the efficient management of electrical networks, ensuring the safe and reliable distribution of power.
Key players in the market:
Some of the key players in the Metal Enclosed Switchgear Market include Switchgear Power Systems LLC, Eaton, Powell Industries, S&C Electric Company, Penn Panel & Box Co, ABB, Industrial Electric Mfg, Inc., Schneider Electric, Siemens, Myers Power Products, Togami Electric Mfg. Co., Ltd. and C.R. Technology Systems.
Key Developments:
In July 2023, ABB and Microsoft collaborate to bring generative AI to industrial applications. The collaboration aims to deploy Copilot capabilities to enable more intuitive user interaction with ABB Ability Genix Industrial Analytics and AI Suite and its applications, and further enhance the value of contextualized data for efficiency and sustainability gains.
In June 2022, Schneider Electric, the leader in the digital transformation of energy management and automation and Hitachi Energy, a market and technology leader in transmission, distribution and grid automation solutions announced that they have entered into a collaboration to provide greater customer value and accelerate the energy transition.
Types Covered:
- Gas Insulated Metal-enclosed Switchgear
- Air Insulated Metal-enclosed Switchgear
- Solid Insulated Metal-enclosed Switchgear
Voltages Covered:
- High Voltage
- Medium Voltage
- Low Voltage
Applications Covered:
- Commercial Power Control
- Living Power Control
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Metal Enclosed Swtichgear Market Market, By Type
- 5.1 Introduction
- 5.2 Gas Insulated Metal-enclosed Switchgear
- 5.3 Air Insulated Metal-enclosed Switchgear
- 5.4 Solid Insulated Metal-enclosed Switchgear
6 Global Metal Enclosed Swtichgear Market Market, By Voltage
- 6.1 Introduction
- 6.2 High Voltage
- 6.3 Medium Voltage
- 6.4 Low Voltage
7 Global Metal Enclosed Swtichgear Market Market, By Application
- 7.1 Introduction
- 7.2 Commercial Power Control
- 7.3 Living Power Control
8 Global Metal Enclosed Swtichgear Market Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Switchgear Power Systems LLC
- 10.2 Eaton
- 10.3 Powell Industries
- 10.4 S&C Electric Company
- 10.5 Penn Panel & Box Co
- 10.6 ABB
- 10.7 Industrial Electric Mfg, Inc.
- 10.8 Schneider Electric
- 10.9 Siemens
- 10.10 Myers Power Products
- 10.11 Togami Electric Mfg. Co., Ltd.
- 10.12 C.R. Technology Systems
List of Tables
- Table 1 Global Metal Enclosed Swtichgear Market Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 4 Global Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 5 Global Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 6 Global Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 7 Global Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 8 Global Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 9 Global Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 10 Global Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 12 Global Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
- Table 13 North America Metal Enclosed Swtichgear Market Market Outlook, By Country (2021-2030) ($MN)
- Table 14 North America Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 15 North America Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 16 North America Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 17 North America Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 18 North America Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 19 North America Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 20 North America Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 21 North America Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 22 North America Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 23 North America Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 24 North America Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
- Table 25 Europe Metal Enclosed Swtichgear Market Market Outlook, By Country (2021-2030) ($MN)
- Table 26 Europe Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 27 Europe Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 28 Europe Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 29 Europe Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 30 Europe Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 31 Europe Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 32 Europe Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 33 Europe Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 34 Europe Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 35 Europe Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 36 Europe Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
- Table 37 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 39 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 40 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 41 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 42 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 43 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 44 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 45 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 46 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 47 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 48 Asia Pacific Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
- Table 49 South America Metal Enclosed Swtichgear Market Market Outlook, By Country (2021-2030) ($MN)
- Table 50 South America Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 51 South America Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 52 South America Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 53 South America Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 54 South America Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 55 South America Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 56 South America Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 57 South America Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 58 South America Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 59 South America Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 60 South America Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
- Table 61 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Gas Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 64 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Air Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 65 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Solid Insulated Metal-enclosed Switchgear (2021-2030) ($MN)
- Table 66 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Voltage (2021-2030) ($MN)
- Table 67 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By High Voltage (2021-2030) ($MN)
- Table 68 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Medium Voltage (2021-2030) ($MN)
- Table 69 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Low Voltage (2021-2030) ($MN)
- Table 70 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Application (2021-2030) ($MN)
- Table 71 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Commercial Power Control (2021-2030) ($MN)
- Table 72 Middle East & Africa Metal Enclosed Swtichgear Market Market Outlook, By Living Power Control (2021-2030) ($MN)
