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Switchgear Monitoring System Market: Current Analysis and Forecast (2021-2027)

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Copy Option: No
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Deliverable Format : PDF viewable on the website via username

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The switchgear monitoring system is a set of equipment used to keep a track of the condition of switchgear and detect any defects in switchgear to prohibit possible failure of switchgear system which may cause unwanted power outages. It is usually installed to monitor the apparatuses of the air insulated switchgear (AIS) and monitor the gas insulated switchgear (GIS). Some benefits which these systems offer include avoiding unplanned outages, reducing industrial downtimes, reducing repair costs through improved failure detection, improving switchgear availability, cost-effectiveness, and proactive maintenance strategy. Moreover, they are also regarded environmentally benign because they help to limit the leakage of the greenhouse gas SF6, further enhancing the overall market outlook. Switchgear Monitoring Market provides advantages in grid distribution including energy savings through reduced usage, improved customer service and more accurate bills, fraud detection and technical losses, and many more. The rising need for continuous monitoring of switchgear across various business verticals, the rising investments for efficient and reliable renewable energy and in T&D networks for upgrading the aging infrastructure, are some factors driving the target market's rise. However, some of the restraints in the market include high capital requirement for installing switchgear monitoring systems, stringent environmental and safety regulations for SF6 switchgears which are some factors impeding the growth of this market all over the world.

Based on type, the market is segmented into GIS and AIS. The GIS segment grabbed XX% market share of the Global Switchgear Monitoring System Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as they are mainly used in industrial areas to fulfill high-energy demands through a space-saving design of minimum cost.

Based on component type, the market is segmented into Hardware & Software & Services. In 2020, the Hardware segment dominated the Switchgear Monitoring System Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) as it helps to control, measure, transmit, and analyze the data in process and non-process industries, utilities, commercial sector, and others.

Based on voltage type, the market is classified into High and medium. The High voltage segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as high-voltage switchgear are mostly gas-insulated switchgear, rated above 36 kV and are connected to high-voltage transmission grids. They are mostly used by different end users such as T&D utilities, large power generation plants, and railways & metros.

Based on monitoring type, the market is classified into Temperature Monitoring, Partial Discharge Monitoring, Gas Monitoring and others. The temperature segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as temperature monitoring offers the early detection of incipient problems, which leads to the rapid identification of issues and better maintenance resulting in a little or no downtime associated with switchgear failure.

Based on end user type, the market is classified into T&D Utilities, Industries, Commercial and others. The T&D Utilities segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as this segment is responsible for the transmission, and distribution of electricity and there is a rapid expansion of power plants and transmission lines to meet the growing electricity.

For a better understanding of the market adoption of Switchgear Monitoring System, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of increase in demand for power due to rapid urbanization and increase in industrialization in the region.

Some of the major players operating in the market include Schneider Electric, Siemens AG, ABB Ltd., General Electric, Eaton Corporation etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Switchgear Monitoring System Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Switchgear Monitoring System Market

2.1.1. Main Objective of the Global Switchgear Monitoring System Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET COVID-19

6 GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. GIS

7.2. AIS

8 MARKET INSIGHTS BY COMPONENT

8.1. Hardware

8.2. Software & Services

9 MARKET INSIGHTS BY VOLTAGE

9.1. High

9.2. Medium

10 MARKET INSIGHTS BY MONITORING

10.1. Temperature Monitoring

10.2. Partial Discharge Monitoring

10.3. Gas Monitoring

10.4. Others

11 MARKET INSIGHTS BY END USER

11.1. T&D Utilities

11.2. Industries

11.3. Commercial

11.4. Others

12 MARKET INSIGHTS BY REGION

12.1. North America Switchgear Monitoring System Market

12.1.1. United States

12.1.2. Canada

12.1.3. Rest of North America

12.2. Europe Switchgear Monitoring System Market

12.2.1. Germany

12.2.2. France

12.2.3. United Kingdom

12.2.4. Italy

12.2.5. Spain

12.2.6. Rest of Europe

12.3. Asia Pacific Switchgear Monitoring System Market

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. Australia

12.3.5. Rest of Asia Pacific

12.4. Rest of World Switchgear Monitoring System Market

13 SWITCHGEAR MONITORING SYSTEM MARKET DYNAMICS

13.1. Market Drivers

13.2. Market Challenges

13.3. Impact Analysis

14 SWITCHGEAR MONITORING SYSTEM MARKET OPPORTUNITIES

15 SWITCHGEAR MONITORING SYSTEM MARKET TRENDS

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Porter's Five Forces Analysis

19.1.1. Bargaining power of Supplier

19.1.2. Bargaining power of Buyer

19.1.3. Industry Rivalry

19.1.4. Availability of Substitute

19.1.5. Threat of new Entrants

19.2. Competitive Landscape

19.2.1. Company Shares, By Revenue

20 COMPANY PROFILED

20.1. Schneider Electric

20.2. Siemens AG

20.3. ABB Ltd.

20.4. General Electric

20.5. Eaton Corporation

20.6. Mitsubishi Electric Corporation

20.7. Prism Power Group

20.8. Guangzhou Haozhi Electric & Automation Co.,Ltd

20.9. SENSeOR

20.10. Doble Engineering Company

21 DISCLAIMER

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Products and Companies


Companies

Schneider Electric

Siemens AG

ABB Ltd.

General Electric

Eaton Corporation

Company Profile

Company Profile Title

The switchgear monitoring system is a set of equipment used to keep a track of the condition of switchgear and detect any defects in switchgear to prohibit possible failure of switchgear system which may cause unwanted power outages. It is usually installed to monitor the apparatuses of the air insulated switchgear (AIS) and monitor the gas insulated switchgear (GIS). Some benefits which these systems offer include avoiding unplanned outages, reducing industrial downtimes, reducing repair costs through improved failure detection, improving switchgear availability, cost-effectiveness, and proactive maintenance strategy. Moreover, they are also regarded environmentally benign because they help to limit the leakage of the greenhouse gas SF6, further enhancing the overall market outlook. Switchgear Monitoring Market provides advantages in grid distribution including energy savings through reduced usage, improved customer service and more accurate bills, fraud detection and technical losses, and many more. The rising need for continuous monitoring of switchgear across various business verticals, the rising investments for efficient and reliable renewable energy and in T&D networks for upgrading the aging infrastructure, are some factors driving the target market's rise. However, some of the restraints in the market include high capital requirement for installing switchgear monitoring systems, stringent environmental and safety regulations for SF6 switchgears which are some factors impeding the growth of this market all over the world.

Based on type, the market is segmented into GIS and AIS. The GIS segment grabbed XX% market share of the Global Switchgear Monitoring System Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as they are mainly used in industrial areas to fulfill high-energy demands through a space-saving design of minimum cost.

Based on component type, the market is segmented into Hardware & Software & Services. In 2020, the Hardware segment dominated the Switchgear Monitoring System Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) as it helps to control, measure, transmit, and analyze the data in process and non-process industries, utilities, commercial sector, and others.

Based on voltage type, the market is classified into High and medium. The High voltage segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as high-voltage switchgear are mostly gas-insulated switchgear, rated above 36 kV and are connected to high-voltage transmission grids. They are mostly used by different end users such as T&D utilities, large power generation plants, and railways & metros.

Based on monitoring type, the market is classified into Temperature Monitoring, Partial Discharge Monitoring, Gas Monitoring and others. The temperature segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as temperature monitoring offers the early detection of incipient problems, which leads to the rapid identification of issues and better maintenance resulting in a little or no downtime associated with switchgear failure.

Based on end user type, the market is classified into T&D Utilities, Industries, Commercial and others. The T&D Utilities segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as this segment is responsible for the transmission, and distribution of electricity and there is a rapid expansion of power plants and transmission lines to meet the growing electricity.

For a better understanding of the market adoption of Switchgear Monitoring System, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 on account of increase in demand for power due to rapid urbanization and increase in industrialization in the region.

Some of the major players operating in the market include Schneider Electric, Siemens AG, ABB Ltd., General Electric, Eaton Corporation etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Switchgear Monitoring System Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Switchgear Monitoring System Market

2.1.1. Main Objective of the Global Switchgear Monitoring System Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET COVID-19

6 GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. GIS

7.2. AIS

8 MARKET INSIGHTS BY COMPONENT

8.1. Hardware

8.2. Software & Services

9 MARKET INSIGHTS BY VOLTAGE

9.1. High

9.2. Medium

10 MARKET INSIGHTS BY MONITORING

10.1. Temperature Monitoring

10.2. Partial Discharge Monitoring

10.3. Gas Monitoring

10.4. Others

11 MARKET INSIGHTS BY END USER

11.1. T&D Utilities

11.2. Industries

11.3. Commercial

11.4. Others

12 MARKET INSIGHTS BY REGION

12.1. North America Switchgear Monitoring System Market

12.1.1. United States

12.1.2. Canada

12.1.3. Rest of North America

12.2. Europe Switchgear Monitoring System Market

12.2.1. Germany

12.2.2. France

12.2.3. United Kingdom

12.2.4. Italy

12.2.5. Spain

12.2.6. Rest of Europe

12.3. Asia Pacific Switchgear Monitoring System Market

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. Australia

12.3.5. Rest of Asia Pacific

12.4. Rest of World Switchgear Monitoring System Market

13 SWITCHGEAR MONITORING SYSTEM MARKET DYNAMICS

13.1. Market Drivers

13.2. Market Challenges

13.3. Impact Analysis

14 SWITCHGEAR MONITORING SYSTEM MARKET OPPORTUNITIES

15 SWITCHGEAR MONITORING SYSTEM MARKET TRENDS

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Porter's Five Forces Analysis

19.1.1. Bargaining power of Supplier

19.1.2. Bargaining power of Buyer

19.1.3. Industry Rivalry

19.1.4. Availability of Substitute

19.1.5. Threat of new Entrants

19.2. Competitive Landscape

19.2.1. Company Shares, By Revenue

20 COMPANY PROFILED

20.1. Schneider Electric

20.2. Siemens AG

20.3. ABB Ltd.

20.4. General Electric

20.5. Eaton Corporation

20.6. Mitsubishi Electric Corporation

20.7. Prism Power Group

20.8. Guangzhou Haozhi Electric & Automation Co.,Ltd

20.9. SENSeOR

20.10. Doble Engineering Company

21 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Schneider Electric

Siemens AG

ABB Ltd.

General Electric

Eaton Corporation