Switchgear And Switchboard Apparatus Market Size 2025-2029
The switchgear and switchboard apparatus market size is forecast to increase by USD 40.3 billion, at a CAGR of 7.0% between 2024 and 2029.
The global switchgear and switchboard apparatus market is expanding, driven by the increasing global demand for power. This growth is linked to urbanization and industrialization, necessitating the expansion of power transmission and distribution networks. The demand for advanced power control systems and electrical circuit protection is on the rise. A key aspect of this market's evolution is the move towards smarter, more communicative electrical grid systems. The need for efficient electrical distribution networks is met by innovations in low and medium voltage switchgear, which are crucial for modern infrastructure. This progress supports the development of a more reliable power grid infrastructure.A significant trend is the increasing application of air-insulated switchgear (AIS) as part of the broader air insulated switchgear market. These systems are essential for smart grids, enabling remote measurement and communication, which helps in predictive maintenance and reduces downtime. This aligns with the push for more intelligent power distribution automation. However, the market's growth is tempered by the volatile prices of raw materials. This fluctuation in raw material procurement affects production costs and profit margins for manufacturers of automatic transfer switches (ATS) and other essential power system stability components, creating financial uncertainty.
What will be the Size of the Switchgear And Switchboard Apparatus Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The market is defined by a consistent evolution in power grid infrastructure, where the focus is shifting from passive components to active, intelligent systems. This transition involves the integration of advanced power distribution automation and digital substation technology, enabling more dynamic control over electrical distribution networks. The development of the air insulated switchgear market is closely tied to this trend, as modern designs incorporate enhanced communication and monitoring capabilities, moving toward more resilient electrical grid systems that can adapt to changing load conditions and energy sources.A primary dynamic is the increasing requirement for effective renewable energy integration. Managing the intermittency of solar and wind power necessitates sophisticated grid stability solutions and advanced power control systems. This is driving innovation in medium voltage switchgear and automatic transfer switches (ATS), which are critical for ensuring seamless switching between grid power and distributed energy resources. The emphasis is on creating a flexible electrical power system that can maintain power quality and reliability while accommodating a higher penetration of renewables.Operational efficiency and asset lifecycle management are becoming central to market strategy, propelled by the adoption of predictive maintenance models and remote monitoring systems. In the low and medium voltage switchgear segment, the use of sensors and real-time analytics allows for the early detection of potential faults in circuit protection devices, reducing downtime and lowering maintenance costs. This data-driven approach is transforming how utilities and industrial operators manage their electrical assets, leading to longer equipment life and improved operational performance.
How is this Switchgear And Switchboard Apparatus Industry segmented?
The switchgear and switchboard apparatus industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Type
- Power rating
- Medium voltage (2 TO 36 KV)
- High voltage (ABOVE 36 KV)
- Low voltage (UPTO 1 KV)
- Installation type
- Geography
- APAC
- China
- Japan
- India
- South Korea
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- North America
- Middle East and Africa
- South America
- Rest of World (ROW)
By Type Insights
The gis segment is estimated to witness significant growth during the forecast period.
Gas-insulated switchgear (GIS) utilizes a gas medium for insulation, enabling more compact and efficient designs compared to air-insulated alternatives. This makes GIS particularly suitable for applications where space is limited, such as in urban substations or industrial facilities. The technology is valued for its high reliability, low maintenance requirements, and enhanced safety, as the live components are fully enclosed. These attributes are driving its adoption in critical power distribution systems where operational continuity is paramount and exposure to environmental factors is a concern.
The growth of the GIS segment is propelled by increasing electricity demand and the need for efficient power transmission networks. The segment's expansion is supported by robust construction activity, with some urban centers reporting housing growth of over 6%, necessitating space-saving electrical grid systems. As grids modernize to handle higher loads and integrate renewable sources, the demand for compact and reliable switchgear solutions like GIS is expected to continue. This is particularly true in densely populated areas where building new, large-scale infrastructure is challenging.
Request Free Sample
The GIS segment was valued at USD 49.5 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 52.2% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Request Free Sample
The APAC switchgear and switchboard apparatus market is experiencing significant growth, driven by rapid urbanization, industrial expansion, and substantial foreign direct investment. Countries across the APAC region are focused on upgrading their power grid infrastructure to ensure an uninterrupted electricity supply, which is a critical challenge in many developing nations. This involves modernizing aging electrical distribution networks and improving T and D systems to support economic development. These foundational efforts are creating a strong and sustained demand for a wide range of switchgear and related electrical circuit protection equipment.
Governments in the APAC region are also making significant investments in smart grid technology and the integration of renewable energy sources. The APAC region is a primary growth engine, expected to contribute over 52% of the global market's incremental growth. This is fueled by the development of smart cities and the proliferation of data centers, both of which require advanced power distribution automation and highly reliable electrical power systems. These strategic initiatives are transforming the region's energy landscape and creating vast opportunities for advanced switchgear solutions that enhance grid efficiency and stability.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global switchgear market is undergoing a significant transformation, driven by the need for enhancing grid resilience against weather events and integrating renewables. The impact of DERs on distribution networks necessitates advanced power system protection and control schemes. Consequently, demand is rising for medium voltage switchgear for renewable integration and components for high-voltage direct current converter stations. Utilities are deploying intelligent electronic devices for grid protection to enable automated fault location and service restoration. This digital shift also highlights the critical importance of robust cybersecurity for substation automation systems and effective transient overvoltage protection in power systems. Simultaneously, urbanization is pushing the adoption of compact switchgear solutions for urban substations to meet growing energy needs.OEMs are innovating to meet these evolving demands, with a strong focus on safety and sustainability. This includes the development of advanced arc flash mitigation techniques and a push towards SF6-free gas-insulated switchgear development. For operational excellence, owners are leveraging digital twin models for switchgear management and predictive analytics for circuit breaker failure. The use of switchgear asset performance management software is becoming standard practice. At the component level, real-time thermal monitoring of busbars and the deployment of low voltage smart power distribution units enhance reliability. For specialized applications, modular switchgear design for data centers is crucial. Across all advancements, adherence to standards for electrical safety in workplace and a thorough life cycle assessment of switchgear equipment remain paramount.
What are the key market drivers leading to the rise in the adoption of Switchgear And Switchboard Apparatus Industry?
- The escalating global demand for electricity is a primary factor driving the expansion of the switchgear and switchboard apparatus market.
The expansion of power T and D networks is directly linked to the growing global demand for electricity. As industrialization and urbanization accelerate, the need for reliable electrical circuit protection and robust power distribution automation escalates. This requires substantial investment in power grid infrastructure to support both new developments and the modernization of existing electrical distribution networks. Efforts to extend grid connectivity to remote and underserved areas further amplify this demand. In some high-growth regions, electricity demand is expanding by as much as 6%, requiring substantial investment in power grid infrastructure and related power control systems to prevent outages and ensure stable supply. This foundational need for more power underpins the entire market's growth trajectory.The global shift toward renewable energy is a significant factor driving demand. Integrating sources like wind and solar into the electrical grid systems necessitates new and upgraded substation automation systems and fault current interruption devices. The industrial segment, consuming close to 40% of overall global energy, is increasingly adopting on-site renewable generation, which requires sophisticated switchgear for safe connection and power management. This capacity expansion for renewable power generation is not just about adding green energy; it is about building a more complex, decentralized power transmission network that can handle bidirectional energy flows and maintain power system stability, thereby creating sustained demand for advanced switchgear and switchboard apparatus.
What are the market trends shaping the Switchgear And Switchboard Apparatus Industry?
- The growing adoption of air-insulated switchgear (AIS) represents a significant trend, particularly in the context of smart grid development.
The increasing application of air-insulated switchgear (AIS) is a key trend, particularly with the global development of smart grids. These advanced electrical power systems leverage remote measurement and wireless communication to enhance grid management. Unlike conventional setups, smart AIS can transmit data on current flow, load, and temperature to dispatch centers, enabling real-time analytics and predictive maintenance models. This capability is critical for improving the efficiency of the air insulated switchgear market. In certain developed nations, plans for grid expansion include concentrating as much as 40% of new substation capacity in high-demand metropolitan areas, where the compact and intelligent features of modern AIS are highly valued for power distribution automation.Market players are frequently introducing new products to expand their portfolios and address evolving demands in the low and medium voltage switchgear landscape. Recent launches highlight a commitment to innovation, with a focus on modular switchgear design and enhanced safety features. These new systems often incorporate advanced vacuum circuit breakers and are designed for specific high-demand applications. This trend is further supported by growth in the construction sector, where, in some markets, premium residential units account for 46% of total sales, driving demand for high-quality and aesthetically integrated electrical components. The continuous rollout of new technologies, including solar array disconnect switches market solutions, ensures that the market remains dynamic and competitive.
What challenges does the Switchgear And Switchboard Apparatus Industry face during its growth?
- The volatility in the prices of essential raw materials presents a notable challenge to the profitability and cost structure of switchgear and switchboard apparatus manufacturers.
Volatility in the prices of primary raw materials, including copper, aluminum, and steel, poses a significant challenge to manufacturers. These materials are fundamental to producing electrical components and power control systems, and their procurement represents a major cost. When raw material prices fluctuate, it creates significant uncertainty in manufacturing cost analysis and can erode profit margins, especially if competitive pressures prevent passing these costs on to customers. With global economic growth contracting to 2.6% in 2024, these cost pressures are intensified. This supply chain volatility directly affects the financial stability of companies and can hinder investment in the development of new electrical grid systems and substation automation.The availability of refurbished and counterfeit products presents a serious threat to both market integrity and end-user safety. These grey-market items, often sold as genuine, are untested and do not meet equipment safety standards, creating risks of electrical system failure and fire safety hazards. The issue is particularly prevalent in price-sensitive markets but also affects regulated ones where buyers may not distinguish between authentic and fake circuit components. The use of such products can lead to severe consequences, including power outages, which in some rural areas have affected over 35% of housing units. This problem undermines the growth of legitimate manufacturers and compromises the overall reliability of the electrical distribution network.
Exclusive Customer Landscape
The switchgear and switchboard apparatus market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the switchgear and switchboard apparatus market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, switchgear and switchboard apparatus market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The portfolio includes air-insulated switchgear engineered for both utility and industrial applications. These systems are designed to meet the rigorous demands of specialized environments, including data centers, oil and gas operations, mining, marine contexts, and nuclear power facilities, ensuring reliable power management and protection.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ABB Ltd.
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial Solutions Ltd.
- Eaton Corp. plc
- General Electric Co.
- Havells India Ltd.
- Hitachi Ltd.
- Hubbell Inc.
- Hyosung Corp.
- Hyundai Electric and Energy Systems Co. Ltd.
- Legrand SA
- Luck Switchgear
- Mitsubishi Electric Corp.
- Powell Industries Inc.
- Schneider Electric SE
- Secheron SA
- Siemens AG
- Switchgear and Control Technics Pvt. Ltd.
- Toshiba Corp.
- Tricolite Electrical Industries Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Switchgear And Switchboard Apparatus Market
In April 2024, Schneider Electric SE launched its EasySet MV, a modular air-insulated indoor switchgear that utilizes vacuum circuit breaker technology to deliver high performance with an improved footprint.In February 2024, Microsoft Corp. announced a significant investment to expand its artificial intelligence and cloud infrastructure in Germany, a project that will drive demand for state-of-the-art indoor medium-voltage and low-voltage switchgear to ensure stable and uninterrupted power for new data centers.In January 2024, Eaton Corp. plc announced a plan to invest over USD 500 million in its North American manufacturing capacity to support growing demand for electrical assemblies, including switchgear and transformers.
Research Analyst Overview
The global switchgear and switchboard apparatus market is shaped by evolving requirements for power grid infrastructure. The selection between gas-insulated switchgear and air-insulated switchgear defines deployments across the electrical distribution network, with NEMA enclosure types specifying protection levels. Essential components such as vacuum circuit breakers and high voltage circuit breaker models are fundamental for fault current interruption. Adherence to the IEC 62271 standard and ANSI C37 standards governs the design of medium voltage switchgear and low voltage distribution boards, mandating rigorous performance criteria like short circuit withstand current, insulation coordination, and effective arc flash mitigation. The market reflects ongoing refinements in electrical circuit protection, where protective relays, load break switches, and busbar systems play critical roles in operational integrity following dielectric strength testing.The shift towards power distribution automation is reshaping the market, with digital substation technology integrating remote terminal units for enhanced control. This evolution places greater emphasis on fault detection algorithms, managing transient recovery voltage, and continuous power quality monitoring to improve power system stability. Components like current transformers and voltage transformers are integral to these advanced systems, with the industry seeing an expansion of nearly 7% in operational capacity tied to such modernizations. Simultaneously, there is a persistent focus on grid resilience solutions and addressing the use of SF6 insulating gas. Adherence to strict electrical safety protocols and evolving switchgear maintenance practices remains paramount for assemblies such as motor control centers and panelboard assemblies, ensuring operational reliability and grid synchronization techniques.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Switchgear And Switchboard Apparatus Market insights. See full methodology.
|
Market Scope
|
|
Report Coverage
|
Details
|
|
Page number
|
275
|
|
Base year
|
2024
|
|
Historic period
|
2019 - 2023 |
|
Forecast period
|
2025-2029
|
|
Growth momentum & CAGR
|
Accelerating at a CAGR of 7.0%
|
|
Market growth 2024-2029
|
USD 40.3 billion
|
|
Market structure
|
Fragmented
|
|
YoY growth 2024-2029(%)
|
6.6%
|
|
Key countries
|
China, Japan, India, South Korea, Germany, UK, France, Italy, The Netherlands, US, Canada, Mexico, Saudi Arabia, UAE, Brazil, Argentina
|
|
Competitive landscape
|
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
|
Request Free Sample
What are the Key Data Covered in this Switchgear And Switchboard Apparatus Market Research and Growth Report?
- CAGR of the Switchgear And Switchboard Apparatus industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, Europe, North America, Middle East and Africa, South America
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the switchgear and switchboard apparatus market growth of industry companies
We can help! Our analysts can customize this switchgear and switchboard apparatus market research report to meet your requirements.
Get in touch
1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Power Rating
- Executive Summary - Chart on Market Segmentation by Installation Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Switchgear And Switchboard Apparatus Market 2019 - 2023
- Historic Market Size - Data Table on Global Switchgear And Switchboard Apparatus Market 2019 - 2023 ($ billion)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.3 Power Rating segment analysis 2019 - 2023
- Historic Market Size - Power Rating Segment 2019 - 2023 ($ billion)
- 5.4 Installation Type segment analysis 2019 - 2023
- Historic Market Size - Installation Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Switchgear and Switchboard Apparatus Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 GIS - Market size and forecast 2024-2029
- Chart on GIS - Market size and forecast 2024-2029 ($ billion)
- Data Table on GIS - Market size and forecast 2024-2029 ($ billion)
- Chart on GIS - Year-over-year growth 2024-2029 (%)
- Data Table on GIS - Year-over-year growth 2024-2029 (%)
- 8.4 AIS - Market size and forecast 2024-2029
- Chart on AIS - Market size and forecast 2024-2029 ($ billion)
- Data Table on AIS - Market size and forecast 2024-2029 ($ billion)
- Chart on AIS - Year-over-year growth 2024-2029 (%)
- Data Table on AIS - Year-over-year growth 2024-2029 (%)
- 8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Power Rating
- 9 Market Segmentation by Power Rating
- 9.1 Market segments
- Chart on Power Rating - Market share 2024-2029 (%)
- Data Table on Power Rating - Market share 2024-2029 (%)
- 9.2 Comparison by Power Rating
- Chart on Comparison by Power Rating
- Data Table on Comparison by Power Rating
- 9.3 Medium voltage (2 to 36 kV) - Market size and forecast 2024-2029
- Chart on Medium voltage (2 to 36 kV) - Market size and forecast 2024-2029 ($ billion)
- Data Table on Medium voltage (2 to 36 kV) - Market size and forecast 2024-2029 ($ billion)
- Chart on Medium voltage (2 to 36 kV) - Year-over-year growth 2024-2029 (%)
- Data Table on Medium voltage (2 to 36 kV) - Year-over-year growth 2024-2029 (%)
- 9.4 High voltage (above 36 kV) - Market size and forecast 2024-2029
- Chart on High voltage (above 36 kV) - Market size and forecast 2024-2029 ($ billion)
- Data Table on High voltage (above 36 kV) - Market size and forecast 2024-2029 ($ billion)
- Chart on High voltage (above 36 kV) - Year-over-year growth 2024-2029 (%)
- Data Table on High voltage (above 36 kV) - Year-over-year growth 2024-2029 (%)
- 9.5 Low voltage (upto 1 kV) - Market size and forecast 2024-2029
- Chart on Low voltage (upto 1 kV) - Market size and forecast 2024-2029 ($ billion)
- Data Table on Low voltage (upto 1 kV) - Market size and forecast 2024-2029 ($ billion)
- Chart on Low voltage (upto 1 kV) - Year-over-year growth 2024-2029 (%)
- Data Table on Low voltage (upto 1 kV) - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Power Rating
- Market opportunity by Power Rating ($ billion)
- Data Table on Market opportunity by Power Rating ($ billion)
10 Market Segmentation by Installation Type
- 10 Market Segmentation by Installation Type
- 10.1 Market segments
- Chart on Market Segmentation by Installation Type - Market share 2024-2029 (%)
- Data Table on Market Segmentation by Installation Type - Market share 2024-2029 (%)
- 10.2 Comparison by Market Segmentation by Installation Type
- Chart on Comparison by Market Segmentation by Installation Type
- Data Table on Comparison by Market Segmentation by Installation Type
- 10.3 Indoor - Market size and forecast 2024-2029
- Chart on Indoor - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indoor - Market size and forecast 2024-2029 ($ billion)
- Chart on Indoor - Year-over-year growth 2024-2029 (%)
- Data Table on Indoor - Year-over-year growth 2024-2029 (%)
- 10.4 Outdoor - Market size and forecast 2024-2029
- Chart on Outdoor - Market size and forecast 2024-2029 ($ billion)
- Data Table on Outdoor - Market size and forecast 2024-2029 ($ billion)
- Chart on Outdoor - Year-over-year growth 2024-2029 (%)
- Data Table on Outdoor - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Market Segmentation by Installation Type
- Market opportunity by Market Segmentation by Installation Type ($ billion)
- Data Table on Market opportunity by Market Segmentation by Installation Type ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.2 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.4.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.4.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.4.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.4.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.4.5 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.5.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.5.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.5.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.6.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.6.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.7.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.7.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increasing global demand for power
- Capacity expansion for renewable power generation
- Rise in number of residential and commercial building projects
- 13.2 Market challenges
- Volatile prices of raw materials used for switchgear and switchboard apparatus
- Availability of refurbished and counterfeit products
- Impact of regulatory standards on switchgear and switchboard apparatus design
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Increasing application of AIS
- Increasing launches of switchgear by companies
- Increasing demand for smart switchgear and switchboard apparatus
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
- 15.5 Bharat Heavy Electricals Ltd.
- Bharat Heavy Electricals Ltd. - Overview
- Bharat Heavy Electricals Ltd. - Business segments
- Bharat Heavy Electricals Ltd. - Key news
- Bharat Heavy Electricals Ltd. - Key offerings
- Bharat Heavy Electricals Ltd. - Segment focus
- SWOT
- 15.6 CG Power and Industrial Solutions Ltd.
- CG Power and Industrial Solutions Ltd. - Overview
- CG Power and Industrial Solutions Ltd. - Business segments
- CG Power and Industrial Solutions Ltd. - Key offerings
- CG Power and Industrial Solutions Ltd. - Segment focus
- SWOT
- 15.7 Eaton Corp. plc
- Eaton Corp. plc - Overview
- Eaton Corp. plc - Business segments
- Eaton Corp. plc - Key news
- Eaton Corp. plc - Key offerings
- Eaton Corp. plc - Segment focus
- SWOT
- 15.8 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
- SWOT
- 15.9 Havells India Ltd.
- Havells India Ltd. - Overview
- Havells India Ltd. - Business segments
- Havells India Ltd. - Key news
- Havells India Ltd. - Key offerings
- Havells India Ltd. - Segment focus
- SWOT
- 15.10 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
- 15.11 Hubbell Inc.
- Hubbell Inc. - Overview
- Hubbell Inc. - Business segments
- Hubbell Inc. - Key news
- Hubbell Inc. - Key offerings
- Hubbell Inc. - Segment focus
- SWOT
- 15.12 Hyosung Corp.
- Hyosung Corp. - Overview
- Hyosung Corp. - Product / Service
- Hyosung Corp. - Key offerings
- SWOT
- 15.13 Hyundai Electric and Energy Systems Co. Ltd.
- Hyundai Electric and Energy Systems Co. Ltd. - Overview
- Hyundai Electric and Energy Systems Co. Ltd. - Product / Service
- Hyundai Electric and Energy Systems Co. Ltd. - Key offerings
- SWOT
- 15.14 Legrand SA
- Legrand SA - Overview
- Legrand SA - Business segments
- Legrand SA - Key news
- Legrand SA - Key offerings
- Legrand SA - Segment focus
- SWOT
- 15.15 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
- SWOT
- 15.16 Powell Industries Inc.
- Powell Industries Inc. - Overview
- Powell Industries Inc. - Product / Service
- Powell Industries Inc. - Key offerings
- SWOT
- 15.17 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
- SWOT
- 15.18 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
REPORT WRITING
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
