Switchgear Market Scope And Analysis

  • Report Code : TIPTE00002545
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 213
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Switchgear Market Trends and Scope by 2031

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Switchgear Market Report Switchgear Market Size and Share Switchgear Market Scope and Analysis

Switchgear Market Report Scope

Report Attribute Details
Market size in 2023 US$ 92.34 Billion
Market Size by 2031 US$ 155.28 Billion
Global CAGR (2023 - 2031) 6.7%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Insulation
  • Gas-Insulated
  • Air-Insulated
By Voltage
  • Low Voltage
  • Medium Voltage
  • High Voltage
By Current Type
  • Alternating Current
  • Direct Current
By End User
  • Energy and Utilities
  • Commercial and Residential Building
  • Manufacturing
  • Railways
  • Oil and Gas
  • Mining
  • Water and Wastewater
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Mitsubishi Electric Corp
  • Rockwell Automation Inc
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Infrastructure Systems and Solutions Corp
  • ABB Ltd
  • Fuji Electric Co Ltd
  • GE Vernova
  • Hitachi Energy Ltd
  • Hubbell Inc
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    Switchgear Market News and Recent Developments

    The switchgear market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the switchgear market are listed below:

    • Fuji Electric FA Components & Systems Co., Ltd., a subsidiary of Fuji Electric Co., Ltd., announced the release of the SC-NEXT Series, a line of the industry's smallest magnetic switches. The shape and layout of components and the contact pressure of contacts have been optimized by using the company's proprietary coupled magnetic field-motion analysis. (Source: Fuji Electric, Press Release, March 2024)
    • ABB, a pioneering technology leader, unveiled the 500 mm panel version of the UniGear ZS1, its latest in air-insulated medium-voltage switchgear technology, at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023. (Source: ABB, Press Release, September 2023)

    Switchgear Market Report Coverage and Deliverables

    The "Switchgear Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Switchgear market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Switchgear market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • Switchgear market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the switchgear market
    • Detailed company profiles