Switchgear Market Developments and Competition Landscape by 2027

1
Switchgear Market by Insulation (Gas-insulated
Switchgears, Air-insulated Switchgears),
Installation (Indoor, Outdoor), Current (AC, DC),
Voltage (Low (up to 1 kV), Medium (236 kV), High
(Above 36 kV), End User and Region - Global
Forecast to 2027
www.MarketsandMarkets.com
2
The switchgear market size is estimated to be USD
120.1 billion by 2027 (forecast year) from USD
90.9 billion in 2022 (estimated year), at a CAGR
of 5.7 during the forecast period. The
switchgear market, is expected to witness
significant growth during the forecast period,
owing to the strengthening of power distribution
infrastructure, increase in renewable energy
capacity addition, and increased investment in
industrial production. However, emerging smart
technologies and digitalization along with the
growing usage of high-voltage direct systems will
also drive the market for switchgear. View
detailed Table of Content here
https//www.marketsandmarkets.com/Market-Reports/s
witchgear-market-1162268.html
3
Air-insulated switchgears is expected to occupy
majority of the switchgear market
share Air-insulated switchgears segment, by
insulation, is projected to hold the highest
market share during the forecast period owing to
the rising demand from the expanding distribution
networks, industries, and commercial and
residential sectors. AIS is a common type of low
and medium-voltage switchgears. They are
relatively cost-effective, pollution-free, and
have simple construction compared to
gas-insulated switchgears. Make an Inquiry
https//www.marketsandmarkets.com/Enquiry_Before_
BuyingNew.asp?id1162268

4
Medium voltage segment by voltage is expected to
grow at the highest CAGR from 2022 to
2027 Based on the voltage, the medium (236 kV)
voltage segment is estimated to be the
fastest-growing market from 2020 to 2027. They
are generally used in all end-user segments,
particularly in the manufacturing and process
industries and TD utilities. They protect
industrial equipment, such as generators, motors
and compressors, HVAC air conditioning, heating
lighting equipment, overload current
protection, and TD sub-stations. Diesel-electric
locomotives are rapidly being replaced by
electric or battery-electric locomotives to
reduce emissions in the railways sector which is
expected to drive the growth of the medium (236
kV) voltage switchgear market.

5
Browse gtgt 152 market data
tables 62 figures
250 pages and in-depth TOC on
Switchgear Market- Global Forecast to
2027 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 4950 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
6
Asia Pacific likely to emerge as the largest
switchgear market Asia Pacific accounted for the
largest share in the global switchgear market
during the forecast period. The rapid industrial
growth is expected to drive the market of
switchgear in the region. Also, the growth of
population in the region will expand the housing
infrastructure. Major economies such as China,
Japan, and India have set ambitious natural gas
and solar wind-based renewable power generation
targets to diversify their energy mix in the
coming years. Therefore, efforts are being taken
across these countries to upgrade aging
infrastructure to ease the integration of
renewables in the national grid. Electrification
is also being carried out rapidly in this region,
especially in remote parts. This could be a
driving factor for the growth of the switchgear
in Asia Pacific. Speak to Analyst
_at_ https//www.marketsandmarkets.com/speaktoanalyst
New.asp?id1162268
7

• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
  Switchgear Market. These include
• Schneider Electric (France),
• ABB (Switzerland),
• General Electric (US),
• Eaton (Ireland),
• Siemens (Germany) among others...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id1162268

8
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
.com