The Switchgear Global Market Report 2020-30 by The Business Research Company describes and explains the global switchgear market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Switchgear Global Market Opportunities And Strategies Report covers switchgear market drivers, switchgear market trends, switchgear market segments, switchgear market growth rate, switchgear market major players, and switchgear market size.
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The switchgear market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Switchgear Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Digital Switchgear-
Companies are increasingly manufacturing digital switchgear especially in the low voltage switchgear market. Digital switchgears use the collected information to analyze the performance of current levels, temperature, operating cycles, and load levels that helps in improving the performance and reliability of switchgears. Smart switchgears allow grid optimization, improve quality, and reduce both transmission and operating losses. For instance, in April 2018, the ABB group launched SafeGear digital to its digital switchgear portfolio. SafeGear digital is based on the optimized integration of current and voltage sensors into medium voltage switchgear. It is combined with the capability of the IEC 61850 standard for communication and the latest Relion protection and control relays.iv Furthermore, in 2019, the ABB group introduced low-voltage digital switchgear that monitors and enables safe, flexible, and smart electrical distribution. Digital switchgear is expected to gain popularity in the low voltage switchgear market.
Technological Advancements In Gas-Insulated Switchgears (GIS)-
Consumers are preferring technologically advanced or innovative gas-insulated switchgears. To cater the rising demand for technologically advanced gas-insulated switchgears, manufacturers are launching a range of products. For instance, in December 2018, Schneider Electric, a European multinational company engaged in providing energy and automation digital solutions delivering efficiency and sustainability, announced the launch of CBGS-0, industry-leading gas-insulated switchgear. CBGS-o is the latest addition to the Schneider Electric’s portfolio of innovative medium voltage switchgear solutions that comes with solid dielectric busbar for applications up to 38 kilovolts, 2,000 A and 31.5kA. It is designed to meet the need for indoor substations which serve an important purpose for the development of industry and the broader trend of urbanization. CBGS-o finds its uses in heavy industries including chemical, mining, petrochemicals, utilities, water and wastewater facilities, traction substations, data center, and wind farms.
The market is segmented:
By Type Of Product-
1. Low Voltage
2. Medium Voltage
3. High Voltage
By End User-
1. Industrial
2. Utilities
3. Residential
4. Commercial
5. Switchgear
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