The global switchgear
market is projected to grow at a CAGR of 7.12%, from 2017 to 2022. The
market in Asia Pacific was the largest in 2016 and is projected to hold the
largest share by 2022, followed by the markets in Europe and North America. The
growth of the switchgear market is driven by increasing access to electricity
in developing countries, increase in the number of renewable power generation
projects, and growth of the construction and developmental activities.
Browse 68 Market Data Tables and 51 Figures spread
through 144 Pages and in-depth TOC on "Switchgear Market by Voltage (<
1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission &
Distribution Utilities and Manufacturing & Process Industries), Equipment
(Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022"
View detailed
Table of Content here –
The switchgear market is dominated by a few global
players. The key players in this market include ABB Ltd. (Switzerland), Siemens
AG (Germany), General Electric Company (US), EATON CORPORATION plc (Ireland),
and Schneider Electric SE (France).
Major strategies adopted by the players in the switchgear market over the period 2013–2017(July)
included contracts & agreements, new product launches, expansions, and partnerships,
of which contracts & agreements was the most adopted. The second most
preferred growth strategy was new product launches which included India’s first
765 kV gas insulated substation by Larsen & Toubro Limited (India).
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ABB Ltd. (Switzerland) is a leading power and automation
technology company that offers a wide range of products, services, and systems.
It operates in five segments, namely, power products, power systems, low
voltage products, discrete automation and motion, and process automation. The
company manufactures switchgears through its power products segment. The
company is focusing on the strategy of new product developments. In 2014, it produced
the world’s first gas-insulated switchgear with a new eco-efficient gas, which
is an alternative to Sulfur Hexafluoride (SF6) possessing 100% lower global warming
potential than SF6.
In January 2017, ABB won a contract worth USD 640 million to deliver a
transmission link, Raigarh-Pugalur 800 kilovolt (kV) Ultra-High-Voltage Direct Current
(UHVDC) system that connects Raigarh in Central India to Pugalur in the
southern state of Tamil Nadu, India.
Siemens AG (Germany) is a leading manufacturing and
engineering company. It operates its business through nine segments, namely,
power and gas, healthcare, energy management, digital factory, process
industries and drives, mobility, building technologies, wind power and
renewables, and financial services. The low and medium voltage division under
the energy management segment caters to electrical grid operators, large
industrial electricity consumers, and construction markets. It offers medium
and low voltage electrical power equipment, which includes distribution
switchgears, control gears, circuit breakers, and components for distributing
and switching electrical power. The power transmission division under the
energy business segment covers high voltage transmission solutions, power and
distribution transformers, high voltage switching, non-switching products and
systems, and AC and DC transmission systems. In May 2017, Siemens received a USD
867 million contract from Qatar General Water & Electricity Corporation
(KAHRAMAA) for the expansion of the Qatar power transmission network which
includes 35 turnkey super and primary sub-stations for Phase 13 of the Qatar
Power Transmission System Expansion project.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
