Switchgear Monitoring System Market Size, Share, Growth Opportunities, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2021-2028
Switchgear Monitoring System Market Share, Size by Type (Gas-insulated high-voltage switchgear (GIS), Air-insulated high-voltage switchgear (AIS)), By Voltage (Low, Medium, High), By Component (Hardware, Software and Services), By Monitoring (Gas Monitoring, Temperature Monitoring, Partial Discharge Monitoring and Others), By End-User (Residential, Industrial, Commercial, Utilities), and By Region – Global Opportunities & Forecast, 2021-2028
Introduction of the Switchgear Monitoring System Market Report
Switchgear monitoring system is widely used to ensure the safety, protection and long life of switchgear in the electric circuits and electric equipments. Increasing demand for switchgear monitoring systems for reducing the chances of breakdown and short circuits of the power lines in the industrial, residential and commercial sector is driving market growth. The system monitors several parameters such as operability of the circuit-breaker drive, the reliability of the triggering system, the effectiveness of the closed circuit, and checks and the condition of the primary contacts. It helps to protect the electric circuit which are exposed to harsh ambient conditions and that rarely trips.
To have an edge over the competition by knowing the market dynamics and current trends of “Switchgear Monitoring System Market”, request for Sample Report here
Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global switchgear monitoring system market include increasing demand for the electricity due to growing urbanization and industrialization coupled with rising demand for the safe and protective electrical systems in the industrial, residential and commercial sectors. Over the years, the mechanical components were being used which can be failed to work in the worst-case scenario. Hence the switchgear monitoring system has gained significant demand in the industrial and residential sector to avoid the circuit breakage and facilitates safe current flow.
Further, increasing energy demand for the household, surge in focus of the several governments to create the sustainable energy with maximizing the reliability of electrical assets and minimize downtime to reduce financial losses have impelled the switchgear monitoring systems market. Increasing world’s energy consumption due to growing global population and surge in industrialization have witnessed potential demand for the growth of the switchgear monitoring system market. For instance, according to the International Energy Agency in 2018, world’s total electricity consumption increased by 4% and reached 22 315 TWh due to growing energy demand.
Also, several leading players are utilizing the advanced technology sensors and devices to optimize the current flow require for residential and industrial sector in order to save the electricity supply. For instance, in 2018, ABB launched the latest addition of digital switchgear SafeGear Digital that integrated with innovative technologies for its customers to meet higher performance requirements and to meet the growing sophistication of power distribution systems across the globe.
Restraint in the Switchgear Monitoring System Market
However, high installation and manufacturing cost due to fluctuation in raw components prices may hamper the global switchgear monitoring system market.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Type- Segmentation Analysis
Based on the type, air-insulated high-voltage switchgear (AIS) segment has the highest share for the global Switchgear Monitoring System market during the forecast period; this is primarily attributed to its relatively larger clearances in “Air” and offers safe clearances to maintain and to satisfy the dielectric performance in the electric distribution lines.
Voltage- Segment Analysis
Based on the Voltage, medium segment is expected to grow at the fastest rate in the global switchgear monitoring system market during the study forecast period; this is primarily attributed to rising launching of new technology based medium voltage switchgear for industrial and commercial purposes by the leading players. For instance, in 2020, ABB launched medium voltage digital switchgear to its portfolio of connected solutions for meeting growing digitalization of the protection and control system simplifies switchgear construction to increase safety and versatility.
Component – Segment Analysis
Based on the component, software & services segment is projected to have the largest market share over the forecast period in the global switchgear monitoring system market, owing to rising adoption and launching of the software support based digital switchgear by the leading players. For instance, in 2019, ABB launched Neogear low-voltage switchgear with software support. The device has laminated bus plate technology replacing traditional horizontal and vertical busbar systems.
Monitoring – Segment Analysis
Based on the monitoring, temperature monitoring segment is projected to have the largest market share over the forecast period in the global switchgear monitoring system market owing to rising demand for the temperature monitoring in the power distribution lines with surge in nuclear energy demand. For instance, according to the World Nuclear Energy Organization, globally nuclear energy has around 10% of the world’s electricity generated with existing about 440 nuclear power reactors. In 2019, nuclear plants supplied 2657 TWh of electricity, up from 2563 TWh in 2018.
End-User – Segment Analysis
Based on the end-user, industrial segment holds the highest market share in 2020 in the global switchgear monitoring system market owing to surge in rapid industrialization and rising adoption of the switch gear monitoring systems across the globe.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on the region, Asia-Pacific region is dominated the global switchgear monitoring system market in 2020 due presence of several leading players, growing industrialization and rising urban population with surge in the energy sector investments with government support and initiatives. For instance, according to the Future of Asian and Pacific Cities Report, urban population in the Asia-Pacific region exceeded 2.3 billion that is equivalent to 54% of all urban population.
Also, increasing renewable energy investment by the government with surge in electricity demand for growing population demand has impelled the market growth. For instance, in terms of total investments in the renewable energy in the countries such as China, India and Japan has reached US$ 84 Billion, US$ 9.3 Billion and US$ 16.5 billion respectively for wind energy projects. It created massive demand for the switch gear monitoring systems market in this energy sector in Asia-Pacific region followed by North America and Europe.
Top Market Players
Various notable players operating in the market, include ABB, TRAFAG AG., General Electric., Siemens, SENSeOR, Eaton, Tiara Vibrasindo Pratama, Koncar – Electrical Engineering Institute, Inc, Mitsubishi Electric Corporation., Schneider Electric, and among others.
Key Developments:
-
- In 2020, Siemens launched new solution PowerLink CM for monitoring high-voltage lines with one single device for lines of up to 500 km, which can monitor for powered, unpowered or grounded lines with highly precise localization of line faults.
- In 2020, Siemens have completed the acquisition of C&S Electric in India for meeting the growing electrification needs and fulfil the rising demand for low-voltage power distribution in India.
- In 2018, ABB launched digital switchgear for secondary distribution networks to meet secondary power distribution needs. The digital switchgear reduces weight and requires 30% shorter delivery time compared with convention switchgear.
Segments covered in the Report:
The global switchgear monitoring system market has been segmented on the basis of type, voltage, component, monitoring, end-user and key regions. Based on type, the global switchgear monitoring system market is divided into Gas-insulated high-voltage switchgear (GIS) and Air-insulated high-voltage switchgear (AIS). Based on voltage, the global market is divided into low, medium, and high. Based on component, the global switchgear monitoring system market is divided hardware, software and services. Depending Monitoring, the global market is divided into gas monitoring, temperature monitoring, partial discharge, monitoring and others. In terms of the end user, the global switchgear monitoring system market is divided into utilities, Industrial, commercial and residential.
For detailed scope of the “Switchgear Monitoring System Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- At what pace is global Switchgear Monitoring System market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Switchgear Monitoring System market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Switchgear Monitoring System market?
- Which Vehicles Type generated maximum revenues in 2019 and identify the most promising Vehicles Type during the forecast period?
- What are the various Engine Type areas of global Switchgear Monitoring System market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Voltage, By Component, By Monitoring, By End-User, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | ABB, TRAFAG AG., General Electric., Siemens, SENSeOR, Eaton, TIARA VIBRASINDO PRATAMA, KONCAR – Electrical Engineering Institute, Inc, Mitsubishi Electric Corporation., SCHNEIDER ELECTRIC, Teijin, ABB A/S, Webasto SE and among others. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Switchgear Monitoring System Market by Type
-
- Gas-insulated high-voltage switchgear (GIS)
- Air-insulated high-voltage switchgear (AIS)
Global Switchgear Monitoring System Market by Voltage
-
- Low
- Medium
- High
Global Switchgear Monitoring System Market by Component
-
- Hardware
- Software and Services
Global Switchgear Monitoring System Market by Monitoring
-
- Gas Monitoring
- Temperature Monitoring
- Partial Discharge Monitoring
- Others
Global Switchgear Monitoring System Market by End-User
-
- Utilities
- Industrial
- Commercial
- Residential
Global Switchgear Monitoring System Market by Region
-
- North America Switchgear Monitoring System Market (Option 1: As a part of the free 25% customization)
- North America Switchgear Monitoring System Market by Type
- North America Switchgear Monitoring System Market by Voltage
- North America Switchgear Monitoring System Market by Component
- North America Switchgear Monitoring System Market by Monitoring
- North America Switchgear Monitoring System Market by End-User
- US Switchgear Monitoring System Market All-Up
- Canada Switchgear Monitoring System Market All-Up
- Europe Switchgear Monitoring System Market (Option 2: As a part of the free 25% customization)
- Europe Switchgear Monitoring System Market by Type
- Europe Switchgear Monitoring System Market by Voltage
- Europe Switchgear Monitoring System Market by Component
- Europe Switchgear Monitoring System Market by Monitoring
- Europe Switchgear Monitoring System Market by End-User
- UK Switchgear Monitoring System Market All-Up
- Germany Switchgear Monitoring System Market All-Up
- France Switchgear Monitoring System Market All-Up
- Spain Switchgear Monitoring System Market All-Up
- Rest of Europe Switchgear Monitoring System Market All-Up
- Asia-Pacific Switchgear Monitoring System Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Switchgear Monitoring System Market by Type
- Asia-Pacific Switchgear Monitoring System Market by Voltage
- Asia-Pacific Switchgear Monitoring System Market by Component
- Asia-Pacific Switchgear Monitoring System Market by Monitoring
- Asia-Pacific Switchgear Monitoring System Market by End-User
- China Switchgear Monitoring System Market All-Up
- India Switchgear Monitoring System Market All-Up
- Japan Switchgear Monitoring System Market All-Up
- Rest of APAC Switchgear Monitoring System Market All-Up
- RoW Switchgear Monitoring System Market (Option 4: As a part of the free 25% customization)
- RoW Switchgear Monitoring System Market by Type
- RoW Switchgear Monitoring System Market by Voltage
- RoW Switchgear Monitoring System Market by Component
- RoW Switchgear Monitoring System Market by Monitoring
- RoW Switchgear Monitoring System Market by End-User
- Brazil Switchgear Monitoring System Market All-Up
- South Africa Switchgear Monitoring System Market All-Up
- Saudi Arabia Switchgear Monitoring System Market All-Up
- UAE Switchgear Monitoring System Market All-Up
- Rest of world (remaining countries of the LAMEA region) Switchgear Monitoring System Market All-Up
- North America Switchgear Monitoring System Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Switchgear Monitoring System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- ABB
- TRAFAG AG.
- General Electric.
- Webasto SE
- Idemitsu
- SENSeOR
- Eaton
- TIARA VIBRASINDO PRATAMA
- KONCAR – Electrical Engineering Institute, Inc
- Mitsubishi Electric Corporation.
- SCHNEIDER ELECTRIC
- Published Date: Jul - 2021
- Report Format: Excel/PPT
- Report Code: UP1318A-00-0620
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Switchgear Monitoring System Market Size, Share, Growth Opportunities, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2021-2028
$ 4,499.00 – $ 6,649.00