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Global Hybrid Switchgear Market 2016-2020

  • Published: Sep 2016
  • Pages: 63
  • SKU: IRTNTR10558
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This industry research report identifies ABB, GE, Mitsubishi Electric, Siemens, and Toshiba as the key vendors in the global hybrid switchgear market. This industry research report presents a competitive analysis of the market based on geographical regions such as the Americas, APAC, and EMEA. The report also presents a detailed analysis of the major factors that will drive and challenge market growth and the major market trends as well.

Overview of the global hybrid switchgear market

Market research analysts at Technavio predict that the global hybrid switchgear market will grow steadily during the next four years and will post an impressive CAGR of more than 14% by 2020. This market research analysis identifies benefits such as enhanced substation performance and space savings as one of the primary growth factors for this market. Substations play a major role in catering to the demands of the end-user. The majority of existing substations have functioned beyond their operational lives and the replacement of the conventional air-insulated switchgear (AIS) components such as disconnectors and circuit-breakers is not economical. This will lead to the development of innovative switchgears with the functions of gas insulated substation (GIS) and integrated with dead tank circuit breakers. Moreover, the increased adoption of the plug and switch system (PASS) that is driven by the privatization of the electric power industry across the globe, will also fuel the growth of the market.

The emergence of mobile substations is one of the major trends that will gain traction in this market in the coming years. Mobile substations can be used during emergency situations such as natural calamities that demand the rapid installation of electric substations to restore normal power supply. Mobile substations can also be used to meet temporary and offshore requirements and can also be used as High Voltage Bays on mobile trucks. The use of hybrid switchgear makes mobile substations more compact and flexible enabling sub-stations to be installed inside a limited space.

Competitive landscape and key vendors

Due to the presence of a diverse group of international as well as regional switchgear manufactures, the market appears to be moderately fragmented. The hybrid switchgears concept was introduced by ABB and the company is now one of the leading market players. The need of heavy capital expenditure limits the enry of new players to the market and they will also find it difficult to compete with international vendors in terms of quality, design, product features, turnaround time, services, and maintenance of customer relationships. All major vendors exhibit a strong presence across the globe and some have a comparatively stronger presence in some regions as compared to other regions.

The leading vendors in the market are -

  • ABB
  • GE
  • Mitsubishi Electric
  • Siemens
  • Toshiba

The other prominent vendors in the market are TGOOD, SkipperSeil, Shandong Taikai Power Engineering, Jingke, Ningbo Tianan, Suzhou Silverstone Electric, and Xi'an XD Switchgear Electric.

Geographical segmentation and analysis of the hybrid switchgear market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographical regions, APAC was the major revenue contributor to the hybrid switchgear market during 2015. Owing to the growth in the electricity consuming sectors in many major countries such as China and India, the region has a constant high demand for electricity. An increase in private participation in the power transmission and distribution market that will result in higher investments in transmission and distribution networks in countries such as China, India, Pakistan, Australia, and Thailand and government initiatives for the expansion of transmission networks to improve the existing infrastructure in countries such as China and India, will propel the market’s growth prospects.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global hybrid switchgear market?
  • What are the key market trends impacting the growth of the global hybrid switchgear market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global hybrid switchgear market?
  • What are the market opportunities and threats faced by the vendors in the global hybrid switchgear market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global hybrid switchgear market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

PART 06: Market drivers

  • Enabling enhanced substation performance and space savings
  • Increased demand for electricity in emerging countries
  • Modernization of existing transformers
  • Renewable power generation capacity expansion

PART 07: Impact of drivers

PART 08: Market challenges

  • High dependency on electrical equipment imports by India
  • High cost of upgrading distribution networks and weak financial health of distribution sector

PART 09: Impact of drivers and challenges

PART 10: Market trends

  • PASS system available for operation up to 420 kV
  • Mobile substations: Solution for provisional needs

PART 11: Geographical segmentation

  • Hybrid switchgear market in APAC
  • Hybrid switchgear market in EMEA
  • Hybrid switchgear market in Americas

PART 12: Vendor landscape

  • Competitive landscape
  • Vendor mapping
  • Other prominent vendors

PART 13: Key vendor analysis

  • ABB
  • GE
  • Mitsubishi Electric
  • Siemens
  • Toshiba

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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