Power switchgear, often simply referred to as switchgear, is a crucial component of electrical distribution systems and networks. It is an integrated assembly of devices used to control, protect, and isolate electrical equipment and circuits. Power switchgear plays a vital role in ensuring the safe and reliable distribution of electrical power in various applications, including industrial facilities, power generation plants, commercial buildings, and utility substations.
The global Power Switchgear market was valued at US$ 6708.4 million in 2023 and is anticipated to reach US$ 9641.4 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.
Growth in Renewable Energy: The expansion of renewable energy sources, such as wind and solar power, has driven the demand for medium and high-voltage switchgear to connect renewable energy installations to the grid and manage intermittent power generation.
Grid Modernization: The need to upgrade and modernize electrical grids for improved efficiency, reliability, and integration of distributed energy resources (DERs) has led to investments in advanced switchgear technologies, including digital and smart switchgear.
Smart Grid Integration: Smart switchgear equipped with sensors, communication capabilities, and automation features is becoming more common. These systems enable real-time monitoring, control, and predictive maintenance, contributing to grid reliability.
Evolving Industrial Automation: The growth of industrial automation and the adoption of Industry 4.0 principles have led to the demand for intelligent switchgear solutions to improve manufacturing processes and energy management.
Energy Storage Integration: The integration of energy storage systems, such as batteries, with switchgear solutions is a growing trend, as it supports grid stability, peak shaving, and load management.
This report aims to provide a comprehensive presentation of the global market for Power Switchgear, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Switchgear.
Report Scope
The Power Switchgear market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Switchgear manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Lucy Electric
GE Industrial
C&S Electric
Schneider Electric
Eaton
ZTT International
Hyundai Ideal Electric
Pacific Controls
Safety Electrical Group
Brayan Group
NCE Switchgear
Voyten Electric
Siemens
RESA Power
Segment by Type
High Voltage Power Switchgear
Medium Voltage Power Switchgear
Low Voltage Power Switchgear
Segment by Application
Power Plants
Substations
Petrochemical
Metallurgy Rolling
Textile
Industrial Enterprises
Residential Areas
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Switchgear manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Switchgear by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Switchgear in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Power Switchgear Market Overview
1.1 Product Definition
1.2 Power Switchgear Segment by Type
1.2.1 Global Power Switchgear Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 High Voltage Power Switchgear
1.2.3 Medium Voltage Power Switchgear
1.2.4 Low Voltage Power Switchgear
1.3 Power Switchgear Segment by Application
1.3.1 Global Power Switchgear Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power Plants
1.3.3 Substations
1.3.4 Petrochemical
1.3.5 Metallurgy Rolling
1.3.6 Textile
1.3.7 Industrial Enterprises
1.3.8 Residential Areas
1.4 Global Market Growth Prospects
1.4.1 Global Power Switchgear Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Power Switchgear Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Power Switchgear Production Estimates and Forecasts (2019-2030)
1.4.4 Global Power Switchgear Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Switchgear Production Market Share by Manufacturers (2019-2024)
2.2 Global Power Switchgear Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Power Switchgear, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Power Switchgear Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Power Switchgear Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Power Switchgear, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Switchgear, Product Offered and Application
2.8 Global Key Manufacturers of Power Switchgear, Date of Enter into This Industry
2.9 Power Switchgear Market Competitive Situation and Trends
2.9.1 Power Switchgear Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Switchgear Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Switchgear Production by Region
3.1 Global Power Switchgear Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Power Switchgear Production Value by Region (2019-2030)
3.2.1 Global Power Switchgear Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Power Switchgear by Region (2025-2030)
3.3 Global Power Switchgear Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Power Switchgear Production by Region (2019-2030)
3.4.1 Global Power Switchgear Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Power Switchgear by Region (2025-2030)
3.5 Global Power Switchgear Market Price Analysis by Region (2019-2024)
3.6 Global Power Switchgear Production and Value, Year-over-Year Growth
3.6.1 North America Power Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Power Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Power Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Power Switchgear Production Value Estimates and Forecasts (2019-2030)
4 Power Switchgear Consumption by Region
4.1 Global Power Switchgear Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Power Switchgear Consumption by Region (2019-2030)
4.2.1 Global Power Switchgear Consumption by Region (2019-2024)
4.2.2 Global Power Switchgear Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Power Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Power Switchgear Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Power Switchgear Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Power Switchgear Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Power Switchgear Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Power Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Power Switchgear Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Power Switchgear Production by Type (2019-2030)
5.1.1 Global Power Switchgear Production by Type (2019-2024)
5.1.2 Global Power Switchgear Production by Type (2025-2030)
5.1.3 Global Power Switchgear Production Market Share by Type (2019-2030)
5.2 Global Power Switchgear Production Value by Type (2019-2030)
5.2.1 Global Power Switchgear Production Value by Type (2019-2024)
5.2.2 Global Power Switchgear Production Value by Type (2025-2030)
5.2.3 Global Power Switchgear Production Value Market Share by Type (2019-2030)
5.3 Global Power Switchgear Price by Type (2019-2030)
6 Segment by Application
6.1 Global Power Switchgear Production by Application (2019-2030)
6.1.1 Global Power Switchgear Production by Application (2019-2024)
6.1.2 Global Power Switchgear Production by Application (2025-2030)
6.1.3 Global Power Switchgear Production Market Share by Application (2019-2030)
6.2 Global Power Switchgear Production Value by Application (2019-2030)
6.2.1 Global Power Switchgear Production Value by Application (2019-2024)
6.2.2 Global Power Switchgear Production Value by Application (2025-2030)
6.2.3 Global Power Switchgear Production Value Market Share by Application (2019-2030)
6.3 Global Power Switchgear Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Lucy Electric
7.1.1 Lucy Electric Power Switchgear Corporation Information
7.1.2 Lucy Electric Power Switchgear Product Portfolio
7.1.3 Lucy Electric Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Lucy Electric Main Business and Markets Served
7.1.5 Lucy Electric Recent Developments/Updates
7.2 GE Industrial
7.2.1 GE Industrial Power Switchgear Corporation Information
7.2.2 GE Industrial Power Switchgear Product Portfolio
7.2.3 GE Industrial Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.2.4 GE Industrial Main Business and Markets Served
7.2.5 GE Industrial Recent Developments/Updates
7.3 C&S Electric
7.3.1 C&S Electric Power Switchgear Corporation Information
7.3.2 C&S Electric Power Switchgear Product Portfolio
7.3.3 C&S Electric Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.3.4 C&S Electric Main Business and Markets Served
7.3.5 C&S Electric Recent Developments/Updates
7.4 Schneider Electric
7.4.1 Schneider Electric Power Switchgear Corporation Information
7.4.2 Schneider Electric Power Switchgear Product Portfolio
7.4.3 Schneider Electric Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Schneider Electric Main Business and Markets Served
7.4.5 Schneider Electric Recent Developments/Updates
7.5 Eaton
7.5.1 Eaton Power Switchgear Corporation Information
7.5.2 Eaton Power Switchgear Product Portfolio
7.5.3 Eaton Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Eaton Main Business and Markets Served
7.5.5 Eaton Recent Developments/Updates
7.6 ZTT International
7.6.1 ZTT International Power Switchgear Corporation Information
7.6.2 ZTT International Power Switchgear Product Portfolio
7.6.3 ZTT International Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.6.4 ZTT International Main Business and Markets Served
7.6.5 ZTT International Recent Developments/Updates
7.7 Hyundai Ideal Electric
7.7.1 Hyundai Ideal Electric Power Switchgear Corporation Information
7.7.2 Hyundai Ideal Electric Power Switchgear Product Portfolio
7.7.3 Hyundai Ideal Electric Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hyundai Ideal Electric Main Business and Markets Served
7.7.5 Hyundai Ideal Electric Recent Developments/Updates
7.8 Pacific Controls
7.8.1 Pacific Controls Power Switchgear Corporation Information
7.8.2 Pacific Controls Power Switchgear Product Portfolio
7.8.3 Pacific Controls Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Pacific Controls Main Business and Markets Served
7.7.5 Pacific Controls Recent Developments/Updates
7.9 Safety Electrical Group
7.9.1 Safety Electrical Group Power Switchgear Corporation Information
7.9.2 Safety Electrical Group Power Switchgear Product Portfolio
7.9.3 Safety Electrical Group Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Safety Electrical Group Main Business and Markets Served
7.9.5 Safety Electrical Group Recent Developments/Updates
7.10 Brayan Group
7.10.1 Brayan Group Power Switchgear Corporation Information
7.10.2 Brayan Group Power Switchgear Product Portfolio
7.10.3 Brayan Group Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Brayan Group Main Business and Markets Served
7.10.5 Brayan Group Recent Developments/Updates
7.11 NCE Switchgear
7.11.1 NCE Switchgear Power Switchgear Corporation Information
7.11.2 NCE Switchgear Power Switchgear Product Portfolio
7.11.3 NCE Switchgear Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.11.4 NCE Switchgear Main Business and Markets Served
7.11.5 NCE Switchgear Recent Developments/Updates
7.12 Voyten Electric
7.12.1 Voyten Electric Power Switchgear Corporation Information
7.12.2 Voyten Electric Power Switchgear Product Portfolio
7.12.3 Voyten Electric Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Voyten Electric Main Business and Markets Served
7.12.5 Voyten Electric Recent Developments/Updates
7.13 Siemens
7.13.1 Siemens Power Switchgear Corporation Information
7.13.2 Siemens Power Switchgear Product Portfolio
7.13.3 Siemens Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Siemens Main Business and Markets Served
7.13.5 Siemens Recent Developments/Updates
7.14 RESA Power
7.14.1 RESA Power Power Switchgear Corporation Information
7.14.2 RESA Power Power Switchgear Product Portfolio
7.14.3 RESA Power Power Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.14.4 RESA Power Main Business and Markets Served
7.14.5 RESA Power Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Switchgear Industry Chain Analysis
8.2 Power Switchgear Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Switchgear Production Mode & Process
8.4 Power Switchgear Sales and Marketing
8.4.1 Power Switchgear Sales Channels
8.4.2 Power Switchgear Distributors
8.5 Power Switchgear Customers
9 Power Switchgear Market Dynamics
9.1 Power Switchgear Industry Trends
9.2 Power Switchgear Market Drivers
9.3 Power Switchgear Market Challenges
9.4 Power Switchgear Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Lucy Electric
GE Industrial
C&S Electric
Schneider Electric
Eaton
ZTT International
Hyundai Ideal Electric
Pacific Controls
Safety Electrical Group
Brayan Group
NCE Switchgear
Voyten Electric
Siemens
RESA Power
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*If Applicable.