The switchgear market is projected to expand at a 5.3% CAGR from an estimated US$ 4,828.4 million in 2023 to US$ 7,685.3 million by 2033. Over the last few years, the switchgear market has grown slowly. Switchgear market expansion is expected to continue as energy demand rises.
New regulations to reduce/limit power outages and strengthen power distribution networks are creating a switchgear market for power sector machinery. The equipment to make wiser decisions by offering real-time information that reveals problems and potential improvements is the primary driver of the switchgear market.
Attributes | Details |
---|---|
Switchgear Market CAGR (2023 to 2033) | 5.3% |
Switchgear Market Size (2023) | US$ 4,828.4 million |
Switchgear Market Size (2033) | US$ 7,685.3 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The switchgear market is expected to grow due to rising energy demand to support rapid urbanization and increased awareness of the new generation mix. These devices are typically used in complex electrical substations and industries to withstand varying operating voltages and harsh environmental conditions to maintain voltage stability.
Switching components are increasingly being used in commercial applications due to advancements in infrastructure. Developing and expanding new industrial structures such as power plants, banks, government offices, and other commercial buildings may fuel switchgear market growth even further.
Growing investments in renewable energy development, as well as favorable government regulations and subsidies to endorse new technology, are expected to improve the market landscape.
Growing measures to reduce the overall carbon footprint, combined with rising consumer awareness of the benefits of renewable energy generation, may ramp up the use of switching equipment. Bulk power generation plants using onshore and offshore solar, wind, and hydro sources are expected to construct new T&D lines, propelling the adoption of switchgear components and demand for switchgear.
The harsh environmental conditions, such as temperature, pressure, humidity, and water leakage from the ground, are some key factors that can affect the efficiency of electrical switchgear equipment typically installed outside. As a result, to cater to atmospheric conditions, regulatory organizations developed stringent regulations and specifications to achieve greater reliability and feasibility.
This equipment has advanced features and an IoT-based control system, which raises the price. It provides a comprehensive, complex, and costly solution. As a result, high capital investment in the market and harsh environmental conditions may stymie switchgear market growth in the coming years.
Switchgear is primarily used for various applications, such as transmission and distribution utilities, residential, commercial, and industrial spaces, and to ensure continuous and high-quality power.
The results of research and development activities include competitive price offerings, increased end-user satisfaction with performance, and integration of smart and intelligent technologies within switchgear. Increasing research and development activities through project collaboration or partnerships assist manufacturers in launching new and innovative products into the switchgear market.
Furthermore, establishing sales and service facilities in emerging switchgear markets, as well as long-term partnerships with regional distributors, paves the way for expanding channel reach.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
T&D utilities have shown an increase in demand for switchgear. As a result, they are expected to account for a larger share of the switchgear market than other end-user sectors. T&D Utilities accounts for more than 46.3% of the total market share. This is followed by the commercial and industrial end-use sectors, which account for around 43.9% of the total, and finally by residential.
The most preferred components are the power disconnector, switch breaker, and switch disconnector. Their combined share of the global market is nearly 84.6%. MCCB and MCB are preferred components that have a lower share but are used in conjunction with the switch breaker and switch disconnector.
Medium and high-voltage switchgear accounts for 47.8% of the total market. Due to sales of medium and high-voltage segment switchgear, outdoor construction switchgear is expected to have a higher market share.
The market is divided into four segments based on insulation: gas, air, oil, and vacuum. During the forecast period, the vacuum segment is expected to account for the majority of the switchgear market. It combines vacuum, solid, and air as an isolation layer instead of sulfur hexafluoride (SF6) to reduce overall carbon emissions and easily maintain power supply systems.
Due to the increasing setup of variable voltage substations, the equipment with gas as an insulating medium is expected to experience a swift market growth rate. Air-insulated switchgear (AIS) is protective equipment that uses air as the insulating medium. Oil-insulated equipment uses toxic oil as an insulating medium, which can cause a variety of health problems. As a result, the flammability of oil-insulated switchgear limits its applications.
The market is segmented into indoor and outdoor locations based on construction types. The outdoor installation segment is expected to have a large switchgear market share due to its ability to withstand harsh climatic conditions while providing reliable and cost-effective operations.
The indoor segment of the switchgear market is expected to grow significantly due to its compact design, high durability, ease of maintenance, safe and secure working conditions, and other operational benefits. The weather and ventilation conditions, as well as functional characteristics, dominate the location criteria.
France has the second largest electricity generation capacity in the European Union and, after Sweden, the second largest low carbon footprint electricity generation mix. In mainland France, renewable energy accounted for nearly one-fifth of total power consumption.
Manufacturers in France are collaborating on various renewable projects that include designing and developing customized switchgear products. Manufacturers are concentrating on the production of medium and high-voltage switchgear to meet rising residential demand while also strengthening the transmission grid and improving efficiency, power quality, and reliability.
Country | Germany |
---|---|
Market Share % (2023) | 3.7% |
German manufacturers are creating switchgear to increase substation transmission capacities. As it transitions to a new energy mix, Germany's transmission grid faces enormous challenges. Renewable energy farms, mostly concentrated in northern Germany, require smooth T&D equipment, such as switchgear, to transport power to the country's southern regions. These companies are also designing and modifying switchgear to make it more environmentally friendly.
Country | India |
---|---|
Value CAGR % (2023 to 2033) | 6.3% |
In India, factors such as urbanization, rapid economic growth, and population growth are driving up demand for switchgear and infrastructure development. India has been attracting increasing interest from international investors in the infrastructure sector.
India continues to have the most households without electricity due to its large population. The Indian government is focusing on improving State Electricity Boards, which has resulted in a significant increase in infrastructure for rural electrification, resulting in increased demand for switchgear.
Top Indian manufacturers are concentrating on developing low-cost switchgear to broaden their channel footprint in rural areas. Another factor contributing to the switchgear market expansion in India is the paradigm shift toward energy conservation and bringing down the carbon footprint of various industrial and other power consumption activities.
Country | The United States |
---|---|
Market Share % (2023) | 18.6% |
The medium voltage switchgear is dominated by equipment replacements, as a large percentage of the equipment has reached the end of its useful life or by increasing grid reliance. Future demand for switchgear may be driven by a shift in power generation toward renewables and unconventional energy sources. Many industries and commercial buildings in the United States are also driving significant demand for the region's switchgear market.
Country | China |
---|---|
Market CAGR (2023 to 2033) | 5.9% |
China is a global leader in the implementation and development of smart grids. The country has established several smart grids to reduce transmission and distribution losses. China's state grid announced a US$ 65 billion investment in ultra-high voltage projects, which is expected to increase demand for high voltage and ultra-high voltage switchgear. Grid modernization and the country's power requirements are expected to drive growth in China's market.
The Chinese switchgear market is expected to expand due to rapid commercialization and increased investments in utility-based electrification and industrial developments. A paradigm shift toward converting above-ground electric lines to underground networks may also help product acceptance in the country. An exponential increase in power demand with increased investments in existing infrastructure may shape the market landscape.
The switchgear market is extremely competitive, with many market participants. Some players are attempting to carve out a niche for a specific demographic. Market participants have focused on strategic alliances and innovations to gain a competitive advantage.
Several regional and international players populate the market. Leading corporations are focusing on various mergers and acquisitions to strengthen their positions. ABB acquired GE Industrial Solutions to broaden its reach and capitalize on new growth opportunities in various regions.
Increased mergers and acquisitions with emerging ventures for technological innovations and agreements in infrastructure establishments may drive switchgear market growth. Furthermore, the main considerations for the business scenario are emission compliance, distribution network, cost competitiveness, and differentiation.
Key Players
Attributes | Details |
---|---|
Date | November 2018 |
Company | Siemens |
Strategy | Contract |
Details | Siemens was awarded a contract in November 2018 to supply gas-insulated switchgear with clean air and vacuum switching technology for 145 kV in Norway. These products provide more reliable and efficient switching and arc-extinguishing functions. |
Attributes | Details |
---|---|
Date | August 2019 |
Company | MHI Vestas Offshore Wind |
Strategy | Agreement |
Details | MHI Vestas Offshore Wind signed an agreement in August 2019 with Mitsubishi Electric Europe B.V. and Taiwanese manufacturer Shihlin Electric Co. to provide high-voltage switchgear by 2022. |
Attributes | Details |
---|---|
Date | July 2019 |
Company | Eaton |
Strategy | Announcement |
Details | Eaton announced in July 2019 that it may acquire Innovative Switchgear Solutions, Inc. of the United States, to introduce advanced medium voltage products in North America. This acquisition may provide customers with compact, low-maintenance, and highly configurable solutions. |
Attributes | Details |
---|---|
Date | April 2020 |
Company | ABB |
Strategy | Expansion |
Details | ABB may invest in the expansion of its switchgear portfolio, which includes UniGear medium-voltage. |
Attributes | Details |
---|---|
Date | January 2020 |
Company | Siemens AG |
Strategy | Acquisition |
Details | Siemens AG completed the acquisition of New Delhi-based switchgear and power equipment manufacturer C&S Electric Limited for around EUR 267 million in January 2020. |
Attributes | Details |
---|---|
Date | July 2021 |
Company | GE Renewable Energy |
Strategy | Awards |
Details | The European Commission's life climate action program awarded GE Renewable Energy's Grid Solutions business US$ 2.6 million in July 2021 to help fund the development of a sulfur hexafluoride (SF6)-free 245-kilovolt (kV) g3 live tank circuit breaker. The new circuit breaker may employ GE's g3 gas technology to achieve the same high performance and small-dimensional footprint as a standard SF6 circuit breaker. |
Attributes | Details |
---|---|
Date | April 2021 |
Company | GE and Hitachi-ABB Power Grids |
Strategy | Cross-licensing Agreement |
Details | In April 2021, GE and Hitachi-ABB Power Grids agreed to a non-exclusive cross-licensing agreement that may allow them to expand their high-voltage equipment line by using a game-changing gas alternative to sulfur hexafluoride (SF6). SF6 is a switching and insulating gas commonly used in high-voltage electrical equipment. It is a significant greenhouse gas. |
Attributes | Details |
---|---|
Date | January 2022 |
Company | ABB and Samsung Electronics |
Strategy | Collaboration |
Details | ABB and Samsung Electronics announced a collaboration in January 2022 to provide jointly developed technologies for energy savings, energy management, and smart Internet of Things (IoT) connections for residential and commercial buildings. |
The switchgear market is valued at US$ 4,828.4 million in 2023.
The switchgear market is rising at a 5.3% CAGR through 2033.
Germany’s switchgear market is recording a 3.7% CAGR through 2033.
China’s switchgear market is registering a 5.9% CAGR through 2033.
The medium and high-voltage segment may lead the switchgear market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component Type, 2023 to 2033 5.3.1. Power Distributor Switch Breaker 5.3.2. Switch Disconnector 5.3.3. MCCB 5.3.4. HRC Fuse 5.3.5. Earth Switch 5.3.6. MCB 5.4. Y-o-Y Growth Trend Analysis By Component Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Component Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Voltage Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Voltage Type, 2023 to 2033 6.3.1. Low Voltage (less than 1kV) 6.3.2. Medium Voltage (1kV to 75kV) 6.3.3. High Voltage (75kV to 230kV) 6.3.4. Extra High Voltage (230kV to 500kV) 6.3.5. Ultra-High Voltage (above 500kV) 6.4. Y-o-Y Growth Trend Analysis By Voltage Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Voltage Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Construction Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Construction Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Construction Type, 2023 to 2033 7.3.1. Outdoor 7.3.2. Indoor 7.3.3. Others 7.4. Y-o-Y Growth Trend Analysis By Construction Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Construction Type, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Insulation Type 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Insulation Type, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Insulation Type, 2023 to 2033 8.3.1. Air Insulated Switchgear 8.3.2. Gas Insulated Switchgear 8.3.3. Oil Insulated Switchgear 8.3.4. Vacuum Insulated Switchgear 8.4. Y-o-Y Growth Trend Analysis By Insulation Type, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Insulation Type, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033 9.3.1. T&D Utilities 9.3.2. Commercial 9.3.3. Industrial 9.3.4. Residential 9.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Western Europe 10.3.4. Eastern Europe 10.3.5. South Asia and Pacific 10.3.6. East Asia 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. U.S. 11.2.1.2. Canada 11.2.2. By Component Type 11.2.3. By Voltage Type 11.2.4. By Construction Type 11.2.5. By Insulation Type 11.2.6. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component Type 11.3.3. By Voltage Type 11.3.4. By Construction Type 11.3.5. By Insulation Type 11.3.6. By End User 11.4. Key Takeaways 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Brazil 12.2.1.2. Mexico 12.2.1.3. Rest of Latin America 12.2.2. By Component Type 12.2.3. By Voltage Type 12.2.4. By Construction Type 12.2.5. By Insulation Type 12.2.6. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component Type 12.3.3. By Voltage Type 12.3.4. By Construction Type 12.3.5. By Insulation Type 12.3.6. By End User 12.4. Key Takeaways 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. U.K. 13.2.1.3. France 13.2.1.4. Spain 13.2.1.5. Italy 13.2.1.6. Rest of Western Europe 13.2.2. By Component Type 13.2.3. By Voltage Type 13.2.4. By Construction Type 13.2.5. By Insulation Type 13.2.6. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component Type 13.3.3. By Voltage Type 13.3.4. By Construction Type 13.3.5. By Insulation Type 13.3.6. By End User 13.4. Key Takeaways 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. Poland 14.2.1.2. Russia 14.2.1.3. Czech Republic 14.2.1.4. Romania 14.2.1.5. Rest of Eastern Europe 14.2.2. By Component Type 14.2.3. By Voltage Type 14.2.4. By Construction Type 14.2.5. By Insulation Type 14.2.6. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component Type 14.3.3. By Voltage Type 14.3.4. By Construction Type 14.3.5. By Insulation Type 14.3.6. By End User 14.4. Key Takeaways 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. India 15.2.1.2. Bangladesh 15.2.1.3. Australia 15.2.1.4. New Zealand 15.2.1.5. Rest of South Asia and Pacific 15.2.2. By Component Type 15.2.3. By Voltage Type 15.2.4. By Construction Type 15.2.5. By Insulation Type 15.2.6. By End User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component Type 15.3.3. By Voltage Type 15.3.4. By Construction Type 15.3.5. By Insulation Type 15.3.6. By End User 15.4. Key Takeaways 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Country 16.2.1.1. China 16.2.1.2. Japan 16.2.1.3. South Korea 16.2.2. By Component Type 16.2.3. By Voltage Type 16.2.4. By Construction Type 16.2.5. By Insulation Type 16.2.6. By End User 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Component Type 16.3.3. By Voltage Type 16.3.4. By Construction Type 16.3.5. By Insulation Type 16.3.6. By End User 16.4. Key Takeaways 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 17.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 17.2.1. By Country 17.2.1.1. GCC Countries 17.2.1.2. South Africa 17.2.1.3. Israel 17.2.1.4. Rest of MEA 17.2.2. By Component Type 17.2.3. By Voltage Type 17.2.4. By Construction Type 17.2.5. By Insulation Type 17.2.6. By End User 17.3. Market Attractiveness Analysis 17.3.1. By Country 17.3.2. By Component Type 17.3.3. By Voltage Type 17.3.4. By Construction Type 17.3.5. By Insulation Type 17.3.6. By End User 17.4. Key Takeaways 18. Key Countries Market Analysis 18.1. U.S. 18.1.1. Pricing Analysis 18.1.2. Market Share Analysis, 2022 18.1.2.1. By Component Type 18.1.2.2. By Voltage Type 18.1.2.3. By Construction Type 18.1.2.4. By Insulation Type 18.1.2.5. By End User 18.2. Canada 18.2.1. Pricing Analysis 18.2.2. Market Share Analysis, 2022 18.2.2.1. By Component Type 18.2.2.2. By Voltage Type 18.2.2.3. By Construction Type 18.2.2.4. By Insulation Type 18.2.2.5. By End User 18.3. Brazil 18.3.1. Pricing Analysis 18.3.2. Market Share Analysis, 2022 18.3.2.1. By Component Type 18.3.2.2. By Voltage Type 18.3.2.3. By Construction Type 18.3.2.4. By Insulation Type 18.3.2.5. By End User 18.4. Mexico 18.4.1. Pricing Analysis 18.4.2. Market Share Analysis, 2022 18.4.2.1. By Component Type 18.4.2.2. By Voltage Type 18.4.2.3. By Construction Type 18.4.2.4. By Insulation Type 18.4.2.5. By End User 18.5. Germany 18.5.1. Pricing Analysis 18.5.2. Market Share Analysis, 2022 18.5.2.1. By Component Type 18.5.2.2. By Voltage Type 18.5.2.3. By Construction Type 18.5.2.4. By Insulation Type 18.5.2.5. By End User 18.6. U.K. 18.6.1. Pricing Analysis 18.6.2. Market Share Analysis, 2022 18.6.2.1. By Component Type 18.6.2.2. By Voltage Type 18.6.2.3. By Construction Type 18.6.2.4. By Insulation Type 18.6.2.5. By End User 18.7. France 18.7.1. Pricing Analysis 18.7.2. Market Share Analysis, 2022 18.7.2.1. By Component Type 18.7.2.2. By Voltage Type 18.7.2.3. By Construction Type 18.7.2.4. By Insulation Type 18.7.2.5. By End User 18.8. Spain 18.8.1. Pricing Analysis 18.8.2. Market Share Analysis, 2022 18.8.2.1. By Component Type 18.8.2.2. By Voltage Type 18.8.2.3. By Construction Type 18.8.2.4. By Insulation Type 18.8.2.5. By End User 18.9. Italy 18.9.1. Pricing Analysis 18.9.2. Market Share Analysis, 2022 18.9.2.1. By Component Type 18.9.2.2. By Voltage Type 18.9.2.3. By Construction Type 18.9.2.4. By Insulation Type 18.9.2.5. By End User 18.10. Poland 18.10.1. Pricing Analysis 18.10.2. Market Share Analysis, 2022 18.10.2.1. By Component Type 18.10.2.2. By Voltage Type 18.10.2.3. By Construction Type 18.10.2.4. By Insulation Type 18.10.2.5. By End User 18.11. Russia 18.11.1. Pricing Analysis 18.11.2. Market Share Analysis, 2022 18.11.2.1. By Component Type 18.11.2.2. By Voltage Type 18.11.2.3. By Construction Type 18.11.2.4. By Insulation Type 18.11.2.5. By End User 18.12. Czech Republic 18.12.1. Pricing Analysis 18.12.2. Market Share Analysis, 2022 18.12.2.1. By Component Type 18.12.2.2. By Voltage Type 18.12.2.3. By Construction Type 18.12.2.4. By Insulation Type 18.12.2.5. By End User 18.13. Romania 18.13.1. Pricing Analysis 18.13.2. Market Share Analysis, 2022 18.13.2.1. By Component Type 18.13.2.2. By Voltage Type 18.13.2.3. By Construction Type 18.13.2.4. By Insulation Type 18.13.2.5. By End User 18.14. India 18.14.1. Pricing Analysis 18.14.2. Market Share Analysis, 2022 18.14.2.1. By Component Type 18.14.2.2. By Voltage Type 18.14.2.3. By Construction Type 18.14.2.4. By Insulation Type 18.14.2.5. By End User 18.15. Bangladesh 18.15.1. Pricing Analysis 18.15.2. Market Share Analysis, 2022 18.15.2.1. By Component Type 18.15.2.2. By Voltage Type 18.15.2.3. By Construction Type 18.15.2.4. By Insulation Type 18.15.2.5. By End User 18.16. Australia 18.16.1. Pricing Analysis 18.16.2. Market Share Analysis, 2022 18.16.2.1. By Component Type 18.16.2.2. By Voltage Type 18.16.2.3. By Construction Type 18.16.2.4. By Insulation Type 18.16.2.5. By End User 18.17. New Zealand 18.17.1. Pricing Analysis 18.17.2. Market Share Analysis, 2022 18.17.2.1. By Component Type 18.17.2.2. By Voltage Type 18.17.2.3. By Construction Type 18.17.2.4. By Insulation Type 18.17.2.5. By End User 18.18. China 18.18.1. Pricing Analysis 18.18.2. Market Share Analysis, 2022 18.18.2.1. By Component Type 18.18.2.2. By Voltage Type 18.18.2.3. By Construction Type 18.18.2.4. By Insulation Type 18.18.2.5. By End User 18.19. Japan 18.19.1. Pricing Analysis 18.19.2. Market Share Analysis, 2022 18.19.2.1. By Component Type 18.19.2.2. By Voltage Type 18.19.2.3. By Construction Type 18.19.2.4. By Insulation Type 18.19.2.5. By End User 18.20. South Korea 18.20.1. Pricing Analysis 18.20.2. Market Share Analysis, 2022 18.20.2.1. By Component Type 18.20.2.2. By Voltage Type 18.20.2.3. By Construction Type 18.20.2.4. By Insulation Type 18.20.2.5. By End User 18.21. GCC Countries 18.21.1. Pricing Analysis 18.21.2. Market Share Analysis, 2022 18.21.2.1. By Component Type 18.21.2.2. By Voltage Type 18.21.2.3. By Construction Type 18.21.2.4. By Insulation Type 18.21.2.5. By End User 18.22. South Africa 18.22.1. Pricing Analysis 18.22.2. Market Share Analysis, 2022 18.22.2.1. By Component Type 18.22.2.2. By Voltage Type 18.22.2.3. By Construction Type 18.22.2.4. By Insulation Type 18.22.2.5. By End User 18.23. Israel 18.23.1. Pricing Analysis 18.23.2. Market Share Analysis, 2022 18.23.2.1. By Component Type 18.23.2.2. By Voltage Type 18.23.2.3. By Construction Type 18.23.2.4. By Insulation Type 18.23.2.5. By End User 19. Market Structure Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Market Share Analysis of Top Players 19.3.1. By Regional 19.3.2. By Component Type 19.3.3. By Voltage Type 19.3.4. By Construction Type 19.3.5. By Insulation Type 19.3.6. By End User 20. Competition Analysis 20.1. Competition Deep Dive 20.1.1. Powell Industries 20.1.1.1. Overview 20.1.1.2. Product Portfolio 20.1.1.3. Profitability by Market Segments 20.1.1.4. Sales Footprint 20.1.1.5. Strategy Overview 20.1.1.5.1. Marketing Strategy 20.1.1.5.2. Product Strategy 20.1.1.5.3. Channel Strategy 20.1.2. Caterpillar 20.1.2.1. Overview 20.1.2.2. Product Portfolio 20.1.2.3. Profitability by Market Segments 20.1.2.4. Sales Footprint 20.1.2.5. Strategy Overview 20.1.2.5.1. Marketing Strategy 20.1.2.5.2. Product Strategy 20.1.2.5.3. Channel Strategy 20.1.3. IEM 20.1.3.1. Overview 20.1.3.2. Product Portfolio 20.1.3.3. Profitability by Market Segments 20.1.3.4. Sales Footprint 20.1.3.5. Strategy Overview 20.1.3.5.1. Marketing Strategy 20.1.3.5.2. Product Strategy 20.1.3.5.3. Channel Strategy 20.1.4. WEG SA 20.1.4.1. Overview 20.1.4.2. Product Portfolio 20.1.4.3. Profitability by Market Segments 20.1.4.4. Sales Footprint 20.1.4.5. Strategy Overview 20.1.4.5.1. Marketing Strategy 20.1.4.5.2. Product Strategy 20.1.4.5.3. Channel Strategy 20.1.5. ABB Ltd. 20.1.5.1. Overview 20.1.5.2. Product Portfolio 20.1.5.3. Profitability by Market Segments 20.1.5.4. Sales Footprint 20.1.5.5. Strategy Overview 20.1.5.5.1. Marketing Strategy 20.1.5.5.2. Product Strategy 20.1.5.5.3. Channel Strategy 20.1.6. Siemens AG 20.1.6.1. Overview 20.1.6.2. Product Portfolio 20.1.6.3. Profitability by Market Segments 20.1.6.4. Sales Footprint 20.1.6.5. Strategy Overview 20.1.6.5.1. Marketing Strategy 20.1.6.5.2. Product Strategy 20.1.6.5.3. Channel Strategy 20.1.7. Schlender Electric 20.1.7.1. Overview 20.1.7.2. Product Portfolio 20.1.7.3. Profitability by Market Segments 20.1.7.4. Sales Footprint 20.1.7.5. Strategy Overview 20.1.7.5.1. Marketing Strategy 20.1.7.5.2. Product Strategy 20.1.7.5.3. Channel Strategy 20.1.8. Eaton Corporation 20.1.8.1. Overview 20.1.8.2. Product Portfolio 20.1.8.3. Profitability by Market Segments 20.1.8.4. Sales Footprint 20.1.8.5. Strategy Overview 20.1.8.5.1. Marketing Strategy 20.1.8.5.2. Product Strategy 20.1.8.5.3. Channel Strategy 20.1.9. Alstom 20.1.9.1. Overview 20.1.9.2. Product Portfolio 20.1.9.3. Profitability by Market Segments 20.1.9.4. Sales Footprint 20.1.9.5. Strategy Overview 20.1.9.5.1. Marketing Strategy 20.1.9.5.2. Product Strategy 20.1.9.5.3. Channel Strategy 20.1.10. Toshiba Corporation 20.1.10.1. Overview 20.1.10.2. Product Portfolio 20.1.10.3. Profitability by Market Segments 20.1.10.4. Sales Footprint 20.1.10.5. Strategy Overview 20.1.10.5.1. Marketing Strategy 20.1.10.5.2. Product Strategy 20.1.10.5.3. Channel Strategy 21. Assumptions & Acronyms Used 22. Research Methodology
Explore Industrial Automation Insights
View Reports