スイッチギヤの世界市場 (2016-2030年)：電圧タイプ・絶縁・エンドユーザー・地域別の機会および予測

世界のスイッチギヤの市場規模は、2022年の約976億米ドルから、予測期間中は6.8％のCAGRで推移し、2030年には1,652億米ドルの規模に成長すると予測されています。

スイッチギヤは、配電網、変電所、産業施設、各種建物の安全で信頼性の高いオペレーションを確保する上で、重要な役割を果たしています。スイッチギヤ市場は、世界の電力需要が増加し、電力会社や産業界が信頼性、効率、安全性の向上に向けて電気インフラ近代化への投資を行う中で、急成長が見込まれています。また、デジタル技術の統合とスマートグリッドソリューションの採用がスイッチギヤのさらなる技術革新を促進すると考えられています。送電・配電ネットワーク内でスイッチング機器の利用が増加していることからも、今後数年はスイッチギヤの需要が増加すると予想されています。

電力網用スマートインフラの開発

スマートグリッドインフラでは配電のリアルタイム監視と制御を可能になりますが、そのためには、データを収集し、遠隔制御を容易にするための統合センサーと通信機能を備えた高度なスイッチギヤが必要です。また、スマートグリッドでは、電力消費をリアルタイムで管理できる需要応答プログラムが可能となるますが、その実現においては、負荷の選択的な切り離しや再接続を可能にするスイッチギヤが重要な役割を果たしています。さらに、スマートスイッチギヤは、需要応答システムと統合してエネルギー使用を最適化することができます。スマートインフラはグリッドの最適化を可能にし、電力フローの動的な迂回によって損失を減らし、効率を向上させます。これらのことから、スマートグリッド機能とグリッド最適化戦略をサポートするスイッチギヤへの需要が高まっています。

当レポートでは、世界のスイッチギヤの市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分・地域別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 COVID-19が世界のスイッチギヤ市場に与える影響

第4章 エグゼクティブサマリー

第5章 世界のスイッチギヤ市場の展望

• 市場規模・予測
• 電圧タイプ別
  • 低電圧
  • 中電圧
  • 高電圧
• 絶縁別
  • ガス絶縁スイッチギヤ（GIS）
  • 空気絶縁スイッチギヤ（AIS）
  • 真空絶縁スイッチギヤ（VIS）
  • ハイブリッドスイッチギヤ
• エンドユーザー別
  • 商用
  • 産業用
  • 住宅
• 地域別
  • 北米
  • 欧州
  • 南米
  • アジア太平洋
  • 中東・アフリカ
• 企業別市場シェア

第7章 世界のスイッチギヤ市場の展望：地域別

• 北米
• 欧州
• 南米
• アジア太平洋
• 中東・アフリカ
  • 市場規模・予測
  • 電圧タイプ別
  • 絶縁別
  • エンドユーザー別
  • 国別

第7章 市場マッピング

第8章 マクロ環境・産業構造

• 輸出入分析
• バリューチェーン分析
• PESTEL分析
• ポーターのファイブフォース分析

第9章 市場力学

• 成長促進因子
• 成長抑制因子 (課題・制約)

第10章 主要企業の情勢

• 市場リーダー上位5社の競合マトリックス
• 市場リーダー上位5社の市場収益分析
• M&A・ジョイントベンチャー (該当する場合)
• SWOT分析 (参入5社)
• 特許分析 (該当する場合)

第11章 価格分析

第12章 ケーススタディ（該当する場合）

第13章 主要企業の見通し

• ABB Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• Eaton Corporation plc
• Hitachi, Ltd.
• General Electric Company
• Hubbell Incorporated
• Meidensha Corporation
• Fuji Electric Co. Ltd.

第14章 戦略的推奨事項

第15章 当社について・免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 2. Global Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 3. Global Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 4. Global Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 5. Global Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 6. Global Switchgear Market Share, By Region, in USD Billion, 2016-2030F
• Figure 7. North America Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 8. North America Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 9. North America Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 10. North America Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 11. North America Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 12. North America Switchgear Market Share, By Country, in USD Billion, 2016-2030F
• Figure 13. United States Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 14. United States Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 15. United States Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 16. United States Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 17. United States Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 18. Canada Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 19. Canada Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 20. Canada Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 21. Canada Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 22. Canada Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 23. Mexico Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 24. Mexico Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 25. Mexico Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 26. Mexico Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 27. Mexico Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 28. Europe Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 29. Europe Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 30. Europe Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 31. Europe Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 32. Europe Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 33. Europe Switchgear Market Share, By Country, in USD Billion, 2016-2030F
• Figure 34. Germany Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 35. Germany Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 36. Germany Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 37. Germany Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 38. Germany Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 39. France Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 40. France Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 41. France Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 42. France Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 43. France Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 44. Italy Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 45. Italy Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 46. Italy Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 47. Italy Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 48. Italy Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 49. United Kingdom Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 50. United Kingdom Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 51. United Kingdom Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 52. United Kingdom Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 53. United Kingdom Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 54. Russia Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 55. Russia Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 56. Russia Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 57. Russia Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 58. Russia Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 59. Netherlands Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 60. Netherlands Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 61. Netherlands Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 62. Netherlands Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 63. Netherlands Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 64. Spain Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 65. Spain Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 66. Spain Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 67. Spain Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 68. Spain Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 69. Turkey Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 70. Turkey Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 71. Turkey Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 72. Turkey Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 73. Turkey Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 74. Poland Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 75. Poland Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 76. Poland Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 77. Poland Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 78. Poland Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 79. South America Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 80. South America Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 81. South America Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 82. South America Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 83. South America Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 84. South America Switchgear Market Share, By Country, in USD Billion, 2016-2030F
• Figure 85. Brazil Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 86. Brazil Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 87. Brazil Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 88. Brazil Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 89. Brazil Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 90. Argentina Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 91. Argentina Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 92. Argentina Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 93. Argentina Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 94. Argentina Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 95. Asia-Pacific Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 96. Asia-Pacific Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 97. Asia-Pacific Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 98. Asia-Pacific Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 99. Asia-Pacific Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 100. Asia-Pacific Switchgear Market Share, By Country, in USD Billion, 2016-2030F
• Figure 101. India Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 102. India Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 103. India Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 104. India Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 105. India Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 106. China Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 107. China Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 108. China Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 109. China Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 110. China Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 111. Japan Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 112. Japan Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 113. Japan Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 114. Japan Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 115. Japan Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 116. Australia Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 117. Australia Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 118. Australia Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 119. Australia Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 120. Australia Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 121. Vietnam Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 122. Vietnam Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 123. Vietnam Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 124. Vietnam Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 125. Vietnam Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 126. South Korea Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 127. South Korea Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 128. South Korea Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 129. South Korea Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 130. South Korea Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 131. Indonesia Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 132. Indonesia Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 133. Indonesia Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 134. Indonesia Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 135. Indonesia Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 136. Philippines Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 137. Philippines Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 138. Philippines Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 139. Philippines Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 140. Philippines Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 141. Middle East & Africa Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 142. Middle East & Africa Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 143. Middle East & Africa Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 144. Middle East & Africa Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 145. Middle East & Africa Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 146. Middle East & Africa Switchgear Market Share, By Country, in USD Billion, 2016-2030F
• Figure 147. Saudi Arabia Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 148. Saudi Arabia Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 149. Saudi Arabia Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 150. Saudi Arabia Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 151. Saudi Arabia Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 152. UAE Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 153. UAE Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 154. UAE Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 155. UAE Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 156. UAE Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 157. South Africa Switchgear Market, By Value, in USD Billion, 2016-2030F
• Figure 158. South Africa Switchgear Market, By Volume, in Kilotons, 2016-2030F
• Figure 159. South Africa Switchgear Market Share, By Voltage Type, in USD Billion, 2016-2030F
• Figure 160. South Africa Switchgear Market Share, By Insulation, in USD Billion, 2016-2030F
• Figure 161. South Africa Switchgear Market Share, By End-user, in USD Billion, 2016-2030F
• Figure 162. By Voltage Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
• Figure 163. By Insulation Map-Market Size (USD Billion) & Growth Rate (%), 2022
• Figure 164. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2022
• Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2022

Global switchgear market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years. With projected revenue of approximately USD 97.6 billion in 2022, the market is forecasted to reach a value of USD 165.2 billion by 2030, displaying a robust CAGR of 6.8% from 2023 to 2030.

Switchgear is a significant segment within the broader electrical equipment industry. Switchgear combines electrical disconnect switches, fuses, circuit breakers, and other equipment used to control, protect, and isolate electrical equipment in power systems. It plays a crucial role in ensuring the safe and reliable operation of electrical grids, substations, industrial facilities, and buildings. Switchgear devices have a wide range of applications in electric substations, aiding them in withstanding fluctuating voltage conditions in challenging environments. The switchgear market is expected to grow faster as the world's electricity demands increase, and as utilities and industries invest in modernizing their electrical infrastructure to improve reliability, efficiency, and safety. Integration of digital technologies and the adoption of smart grid solutions will likely drive further innovation in the switchgear sector. The increasing utilization of switching equipment within transmission and distribution networks is expected to drive the demand for switchgear in the coming years.

In Europe, there are plants to centralize the production of gas-insulated switchgear (GIS) below 170 kilovolts (kV) from Hanau, Germany to Zurich, Switzerland. The Hanau facility has a notable history of pioneering innovation, including developing the world's first eco-efficient (SF6 alternative) GIS. It possesses assembly and testing capabilities for products up to 1,200 kV. In the future, the Hanau and Mannheim GIS operations are expected to shift their focus towards technology development, sales, and service. The extensive presence of high-voltage switchgear in Europe will continue to cater to the region primarily through facilities in Switzerland, Sweden, and Italy, along with the expanding footprint in Bulgaria and the Czech Republic.

Development of Smart Infrastructure for Power Grids

Smart grid infrastructure allows for real-time monitoring and control of power distribution. This requires advanced switchgear with integrated sensors and communication capabilities to collect data and facilitate remote control. Smart grids enable demand response programs, where electricity consumption can be managed in real-time. Switchgear plays a crucial role by allowing for the selective disconnection or reconnection of loads. Smart switchgear can integrate with demand response systems to optimize energy usage. Smart infrastructure allows for grid optimization, which involves the dynamic rerouting of power flows to reduce losses and improve efficiency. As a result, there is a growing demand for switchgear that supports these smart grid functionalities and grid optimization strategies.

For example, in March 2023, Siemens invested 30 million euros in expanding its switchgear facility in Fechenheim, Frankfurt. On the extensive 160,000 square-meter site, the company is constructing a smart, fully automated high-speed warehouse and adding a 1,200 square-meter extension to an existing hall. The new production space will facilitate the establishment of a third assembly line for switchgear, thereby enhancing the site's capabilities and generating employment opportunities in the region.

Rise in Renewable Energy Projects Scattering the Switchgear Industry

The proliferation of renewable energy projects is causing significant disruption in the switchgear industry. The surge in renewable energy installations, such as solar, wind and green hydrogen plants, is leading to changes in how electrical power is generated and distributed. This shift in power generation methods necessitates updated, specialized switchgear solutions capable of handling intermittent energy sources. Additionally, renewable energy projects, especially in remote or offshore locations, demand robust and reliable switchgear systems that withstand harsh environmental conditions. It has prompted innovations in the design and materials used in switchgear to enhance their durability.

For example, in June 2023, Grid Solutions, an integral division of the GE Vernova portfolio of energy enterprises, was contracted from Larsen & Toubro to provide 380 kV T155 gas-insulated substations (GIS). These substations are intended for use in the world's largest utility-scale hydrogen facility, powered entirely by renewable energy sources. The switchgear design and breaker configuration provided by GE's Grid Solutions division are essential for ensuring a dependable and uninterrupted power supply to the hydrogen plant. GE's well-established GIS design and the utilization of a 1.5 breaker configuration will play a crucial role in maintaining continuous operations at the hydrogen facility and at the associated wind and photovoltaic facilities, which will generate captive energy for the plant. Furthermore, GE's switchgear will enhance the reliability of the primary grid's power supply.

Asia Pacific Dominates the Switchgear Industry

Asia-Pacific, which accounted for over 55% of the worldwide switchgear market revenue in 2022, is expected to register the highest CAGR during the forecast period. The rapid growth of the regional market from 2023 to 2030 can be attributed to significant industries like manufacturing and processing in countries like India and China. Emerging economies like India and South Korea are witnessing a surge in energy demand owing to the increasing requirements for electric power transmission and distribution and electrification initiatives. According to the India Brand Equity Foundation (IBEF), the ongoing electrification efforts are expected to propel power consumption to 1,847 terawatt-hours (TWh) in India by 2022. Additionally, within the Asia-Pacific region, other notable countries such as Japan, Australia, and various Southeast Asian nations are poised to contribute substantially to the industry's growth in the upcoming years.

Government Initiatives

The June 2023 update of the IEA Government Energy Spending Tracker reveals that governments have allocated USD 1.34 trillion to support clean energy investments since 2020. In the last six months, there has been an announcement of approximately USD 130 billion in new government spending to bolster clean energy investments.

The fresh expenditures primarily target the following areas:

• Low-carbon electricity generation projects have received a cumulative allocation of USD 310 billion since 2020. Most of these funds are directed towards renewable energy sources.

• Initiatives related to mass and alternative transit modes, with a total investment of USD 307 billion.

• Significant attention towards developing power grids with USD 85 billion in total allocation.

• These initiatives play a significant role in shaping global switchgear market.

Impact of COVID-19

The COVID-19 pandemic had a significant impact on the global switchgear market. As nations implemented comprehensive lockdown measures to curb the spread of COVID-19, various businesses operating in the power industry across diverse sectors were compelled to close their manufacturing facilities and processing operations. Companies worldwide have postponed significant power projects, investment initiatives, and acquisition activities, hindering market expansion. Regarding the domestic aspect, approximately 60% of the switchgear business originates from project-based sources. In the industrial segment, particularly in the low voltage (LV) and medium voltage (MV) categories, over 80% of the business is driven by projects. However, due to the COVID-19 pandemic, most of the residential, commercial, and industrial projects were on hold. Moreover, the COVID-19 pandemic had an adverse impact on investments within the power industry.

Key Players Landscape and Outlook

Global switchgear market is witnessing a swift growth trajectory due to the increasing emphasis placed by companies worldwide on establishing advanced managed security infrastructure. Furthermore, the market expansion is greatly facilitated by the establishment of smart power grid infrastructure, along with significant investments made by companies to enhance research and development resources, engage in collaboration projects, bolster marketing efforts, and expand distribution networks. These factors collectively contribute to the rapid expansion of the market.

In February 2023, ABB India unveiled production facility in Nashik dedicated to gas-insulated switchgear (GIS). The objective is to cater to diverse industries, encompassing power distribution, smart cities, data centers, transportation (including metro and railways), tunnels, ports, highways, and other infrastructure projects. The newly established facility is anticipated to manufacture both primary and secondary GIS components.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Impact of COVID-19 on the Global Switchgear Market

4. Executive Summary

5. Global Switchgear Market Outlook, 2016-2030F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Voltage Type
  • 5.2.1. Low
  • 5.2.2. Medium
  • 5.2.3. High
• 5.3. By Insulation
  • 5.3.1. Gas Insulated Switchgear (GIS)
  • 5.3.2. Air Insulated Switchgear (AIS)
  • 5.3.3. Vacuum Insulated Switchgear (VIS)
  • 5.3.4. Hybrid Switchgear
• 5.4. By End-user
  • 5.4.1. Commercial
  • 5.4.2. Industrial
  • 5.4.3. Residential
• 5.5. By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. South America
  • 5.5.4. Asia-Pacific
  • 5.5.5. Middle East and Africa
• 5.6. By Company Market Share (%), 2022

6. Global Switchgear Market Outlook, By Region, 2016-2030F

• 6.1. North America*
  • 6.1.1. Market Size & Forecast
    • 6.1.1.1. By Value
    • 6.1.1.2. By Volume
  • 6.1.2. By Voltage Type
    • 6.1.2.1. Low
    • 6.1.2.2. Medium
    • 6.1.2.3. High
  • 6.1.3. By Insulation
    • 6.1.3.1. Gas Insulated Switchgear (GIS)
    • 6.1.3.2. Air Insulated Switchgear (AIS)
    • 6.1.3.3. Vacuum Insulated Switchgear (VIS)
    • 6.1.3.4. Hybrid Switchgear
  • 6.1.4. By End-user
    • 6.1.4.1. Commercial
    • 6.1.4.2. Industrial
    • 6.1.4.3. Residential
  • 6.1.5. United States*
    • 6.1.5.1. Market Size & Forecast
    • 6.1.5.1.1. By Value
    • 6.1.5.1.2. By Volume
    • 6.1.5.2. By Voltage Type
    • 6.1.5.2.1. Low
    • 6.1.5.2.2. Medium
    • 6.1.5.2.3. High
    • 6.1.5.3. By Insulation
    • 6.1.5.3.1. Gas Insulated Switchgear (GIS)
    • 6.1.5.3.2. Air Insulated Switchgear (AIS)
    • 6.1.5.3.3. Vacuum Insulated Switchgear (VIS)
    • 6.1.5.3.4. Hybrid Switchgear
    • 6.1.5.4. By End-user
    • 6.1.5.4.1. Commercial
    • 6.1.5.4.2. Industrial
    • 6.1.5.4.3. Residential
  • 6.1.6. Canada
  • 6.1.7. Mexico

All segments will be provided for all regions and countries covered:

• 6.2. Europe
  • 6.2.1. Germany
  • 6.2.2. France
  • 6.2.3. Italy
  • 6.2.4. United Kingdom
  • 6.2.5. Russia
  • 6.2.6. Netherlands
  • 6.2.7. Spain
  • 6.2.8. Turkey
  • 6.2.9. Poland
• 6.3. South America
  • 6.3.1. Brazil
  • 6.3.2. Argentina
• 6.4. Asia-Pacific
  • 6.4.1. India
  • 6.4.2. China
  • 6.4.3. Japan
  • 6.4.4. Australia
  • 6.4.5. Vietnam
  • 6.4.6. South Korea
  • 6.4.7. Indonesia
  • 6.4.8. Philippines
• 6.5. Middle East & Africa
  • 6.5.1. Saudi Arabia
  • 6.5.2. UAE
  • 6.5.3. South Africa

7. Market Mapping, 2022

• 7.1. By Voltage Type
• 7.2. By Insulation
• 7.3. By End-user
• 7.4. By Region

8. Macro Environment and Industry Structure

• 8.1. Import Export Analysis
• 8.2. Value Chain Analysis
• 8.3. PESTEL Analysis
• 8.4. Porter's Five Forces Analysis

9. Market Dynamics

• 9.1. Growth Drivers
• 9.2. Growth Inhibitors (Challenges, Restraints)

10. Key Players Landscape

• 10.1. Competition Matrix of Top Five Market Leaders
• 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
• 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 10.4. SWOT Analysis (For Five Market Players)
• 10.5. Patent Analysis (If Applicable)

11. Pricing Analysis

12. Case Studies (If applicable)

13. Key Players Outlook

• 13.1. ABB Ltd.
  • 13.1.1. Company Details
  • 13.1.2. Key Management Personnel
  • 13.1.3. Products & Services
  • 13.1.4. Financials (As reported)
  • 13.1.5. Key Market Focus & Geographical Presence
  • 13.1.6. Recent Developments
• 13.2. Mitsubishi Electric Corporation
• 13.3. Schneider Electric SE
• 13.4. Siemens AG
• 13.5. Eaton Corporation plc
• 13.6. Hitachi, Ltd.
• 13.7. General Electric Company
• 13.8. Hubbell Incorporated
• 13.9. Meidensha Corporation
• 13.10. Fuji Electric Co. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14. Strategic Recommendations

15. About Us & Disclaimer