The global Switchgear market was valued at 8738.94 Million USD in 2020 and will grow with a CAGR of 3.86% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Switchgear is the combination of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment.One of the basic functions of switchgear is protection, which is interruption of short-circuit and overload fault currents while maintaining service to unaffected circuits. Switchgear also provides isolation of circuits from power supplies. Besides, switchgear is also used to enhance system availability by allowing more than one source to feed a load.
By Market Verdors:
ABB
Hyosung
Alstom
CG Power and Industrial Solutions
Hitachi
Hyundai Heavy Industries
Schneider Electric
Siemens
Eaton
General Electric
Toshiba
Mitsubishi Electric
Powell Industries
TE Connectivity
Larsen & Toubro
Elektrobudowa
Zpue
Lucy Electric
Hawker Siddeley Switchgear
Sel
By Types:
Below 1 kV
1-36 kV
36-72.5 kV
Below 1 kV
By Applications:
Transmission and Distribution Utilities
Manufacturing and Process Industries
Commercial and Residential Infrastructure
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Switchgear Revenue
1.4 Market Analysis by Type
1.4.1 Global Switchgear Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Below 1 kV
1.4.3 1-36 kV
1.4.4 36-72.5 kV
1.4.5 Below 1 kV
1.5 Market by Application
1.5.1 Global Switchgear Market Share by Application: 2022-2027
1.5.2 Transmission and Distribution Utilities
1.5.3 Manufacturing and Process Industries
1.5.4 Commercial and Residential Infrastructure
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Switchgear Market
1.8.1 Global Switchgear Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Switchgear Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Switchgear Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Switchgear Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Switchgear Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Switchgear Sales Volume Market Share by Region (2016-2021)
3.2 Global Switchgear Sales Revenue Market Share by Region (2016-2021)
3.3 North America Switchgear Sales Volume
3.3.1 North America Switchgear Sales Volume Growth Rate (2016-2021)
3.3.2 North America Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.4 East Asia Switchgear Sales Volume
3.4.1 East Asia Switchgear Sales Volume Growth Rate (2016-2021)
3.4.2 East Asia Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Switchgear Sales Volume (2016-2021)
3.5.1 Europe Switchgear Sales Volume Growth Rate (2016-2021)
3.5.2 Europe Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 South Asia Switchgear Sales Volume (2016-2021)
3.6.1 South Asia Switchgear Sales Volume Growth Rate (2016-2021)
3.6.2 South Asia Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Southeast Asia Switchgear Sales Volume (2016-2021)
3.7.1 Southeast Asia Switchgear Sales Volume Growth Rate (2016-2021)
3.7.2 Southeast Asia Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.8 Middle East Switchgear Sales Volume (2016-2021)
3.8.1 Middle East Switchgear Sales Volume Growth Rate (2016-2021)
3.8.2 Middle East Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.9 Africa Switchgear Sales Volume (2016-2021)
3.9.1 Africa Switchgear Sales Volume Growth Rate (2016-2021)
3.9.2 Africa Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.10 Oceania Switchgear Sales Volume (2016-2021)
3.10.1 Oceania Switchgear Sales Volume Growth Rate (2016-2021)
3.10.2 Oceania Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.11 South America Switchgear Sales Volume (2016-2021)
3.11.1 South America Switchgear Sales Volume Growth Rate (2016-2021)
3.11.2 South America Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.12 Rest of the World Switchgear Sales Volume (2016-2021)
3.12.1 Rest of the World Switchgear Sales Volume Growth Rate (2016-2021)
3.12.2 Rest of the World Switchgear Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
4 North America
4.1 North America Switchgear Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Switchgear Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Switchgear Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Switchgear Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Switchgear Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Switchgear Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Switchgear Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Switchgear Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Switchgear Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Switchgear Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Switchgear Sales Volume Market Share by Type (2016-2021)
14.2 Global Switchgear Sales Revenue Market Share by Type (2016-2021)
14.3 Global Switchgear Sales Price by Type (2016-2021)
15 Consumption Analysis by Application
15.1 Global Switchgear Consumption Volume by Application (2016-2021)
15.2 Global Switchgear Consumption Value by Application (2016-2021)
16 Company Profiles and Key Figures in Switchgear Business
16.1 ABB
16.1.1 ABB Company Profile
16.1.2 ABB Switchgear Product Specification
16.1.3 ABB Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.2 Hyosung
16.2.1 Hyosung Company Profile
16.2.2 Hyosung Switchgear Product Specification
16.2.3 Hyosung Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.3 Alstom
16.3.1 Alstom Company Profile
16.3.2 Alstom Switchgear Product Specification
16.3.3 Alstom Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.4 CG Power and Industrial Solutions
16.4.1 CG Power and Industrial Solutions Company Profile
16.4.2 CG Power and Industrial Solutions Switchgear Product Specification
16.4.3 CG Power and Industrial Solutions Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.5 Hitachi
16.5.1 Hitachi Company Profile
16.5.2 Hitachi Switchgear Product Specification
16.5.3 Hitachi Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.6 Hyundai Heavy Industries
16.6.1 Hyundai Heavy Industries Company Profile
16.6.2 Hyundai Heavy Industries Switchgear Product Specification
16.6.3 Hyundai Heavy Industries Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.7 Schneider Electric
16.7.1 Schneider Electric Company Profile
16.7.2 Schneider Electric Switchgear Product Specification
16.7.3 Schneider Electric Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.8 Siemens
16.8.1 Siemens Company Profile
16.8.2 Siemens Switchgear Product Specification
16.8.3 Siemens Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.9 Eaton
16.9.1 Eaton Company Profile
16.9.2 Eaton Switchgear Product Specification
16.9.3 Eaton Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.10 General Electric
16.10.1 General Electric Company Profile
16.10.2 General Electric Switchgear Product Specification
16.10.3 General Electric Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.11 Toshiba
16.11.1 Toshiba Company Profile
16.11.2 Toshiba Switchgear Product Specification
16.11.3 Toshiba Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.12 Mitsubishi Electric
16.12.1 Mitsubishi Electric Company Profile
16.12.2 Mitsubishi Electric Switchgear Product Specification
16.12.3 Mitsubishi Electric Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.13 Powell Industries
16.13.1 Powell Industries Company Profile
16.13.2 Powell Industries Switchgear Product Specification
16.13.3 Powell Industries Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.14 TE Connectivity
16.14.1 TE Connectivity Company Profile
16.14.2 TE Connectivity Switchgear Product Specification
16.14.3 TE Connectivity Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.15 Larsen & Toubro
16.15.1 Larsen & Toubro Company Profile
16.15.2 Larsen & Toubro Switchgear Product Specification
16.15.3 Larsen & Toubro Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.16 Elektrobudowa
16.16.1 Elektrobudowa Company Profile
16.16.2 Elektrobudowa Switchgear Product Specification
16.16.3 Elektrobudowa Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.17 Zpue
16.17.1 Zpue Company Profile
16.17.2 Zpue Switchgear Product Specification
16.17.3 Zpue Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.18 Lucy Electric
16.18.1 Lucy Electric Company Profile
16.18.2 Lucy Electric Switchgear Product Specification
16.18.3 Lucy Electric Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.19 Hawker Siddeley Switchgear
16.19.1 Hawker Siddeley Switchgear Company Profile
16.19.2 Hawker Siddeley Switchgear Switchgear Product Specification
16.19.3 Hawker Siddeley Switchgear Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.20 Sel
16.20.1 Sel Company Profile
16.20.2 Sel Switchgear Product Specification
16.20.3 Sel Switchgear Production Capacity, Revenue, Price and Gross Margin (2016-2021)
17 Switchgear Manufacturing Cost Analysis
17.1 Switchgear Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Switchgear
17.4 Switchgear Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Switchgear Distributors List
18.3 Switchgear Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Switchgear (2022-2027)
20.2 Global Forecasted Revenue of Switchgear (2022-2027)
20.3 Global Forecasted Price of Switchgear (2016-2027)
20.4 Global Forecasted Production of Switchgear by Region (2022-2027)
20.4.1 North America Switchgear Production, Revenue Forecast (2022-2027)
20.4.2 East Asia Switchgear Production, Revenue Forecast (2022-2027)
20.4.3 Europe Switchgear Production, Revenue Forecast (2022-2027)
20.4.4 South Asia Switchgear Production, Revenue Forecast (2022-2027)
20.4.5 Southeast Asia Switchgear Production, Revenue Forecast (2022-2027)
20.4.6 Middle East Switchgear Production, Revenue Forecast (2022-2027)
20.4.7 Africa Switchgear Production, Revenue Forecast (2022-2027)
20.4.8 Oceania Switchgear Production, Revenue Forecast (2022-2027)
20.4.9 South America Switchgear Production, Revenue Forecast (2022-2027)
20.4.10 Rest of the World Switchgear Production, Revenue Forecast (2022-2027)
20.5 Forecast by Type and by Application (2022-2027)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
20.5.2 Global Forecasted Consumption of Switchgear by Application (2022-2027)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Switchgear by Country
21.2 East Asia Market Forecasted Consumption of Switchgear by Country
21.3 Europe Market Forecasted Consumption of Switchgear by Countriy
21.4 South Asia Forecasted Consumption of Switchgear by Country
21.5 Southeast Asia Forecasted Consumption of Switchgear by Country
21.6 Middle East Forecasted Consumption of Switchgear by Country
21.7 Africa Forecasted Consumption of Switchgear by Country
21.8 Oceania Forecasted Consumption of Switchgear by Country
21.9 South America Forecasted Consumption of Switchgear by Country
21.10 Rest of the world Forecasted Consumption of Switchgear by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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Frequently asked questions(FAQ's):
Transmission and Distribution Utilities
Manufacturing and Process Industries
Commercial and Residential Infrastructure
Key Indicators Analysed
Market Players & Competitor Analysis The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis