Global High Voltage Switchgear Market

High Voltage Switchgear Comprehensive Study by Type (Air-insulated Switchgears, Gas-insulated Switchgears, Others (oil and vacuum)), Application (Power Generation, Oil & Gas, Utilities Sector, Industrial, Other), Product standard (IEC, ANSI, Others), Component (Circuit breakers, Relays, Others) Players and Region - Global Market Outlook to 2030

High Voltage Switchgear Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 5.48%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Industry Background:
The power system deals primarily with a voltage above 36KV, is been referred to as high voltage switchgear. As the voltage level gets high the arcing produced during the switching operation is also very high. So, the special care is to be taken during the designing of high voltage switchgear. High voltage circuit breaker, is basically the main component of HV switchgear, hence the high voltage circuit breaker (CB) should have special features for reliable and safe operation. Demand for the high-voltage switchgear depends on expansion of the electricity transmission and distribution network. Hence, the increase in government initiatives for the modernization of an existing transmission and distribution network is expected to propel the demand for high-voltage switchgear during the forecast period

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
Key Companies ProfiledABB Group (Switzerland), Schneider Electric SE (France), General Electric (United States), Powell Industries Inc. (United States), VINCI Energies (France), Toshiba International Corporation (United States), Mitsubishi Electric (Japan), Siemens AG (Germany), Hyosung Power & Industrial System PG (South Korea), Larson & Turbo Limited (India) and Bharat Heavy Electricals Limited (India)


According to AMA, the market for High Voltage Switchgear is expected to register a CAGR of 5.48% during the forecast period to 2030. This growth is primarily driven by Expansion of the electricity transmission and distribution network.

Globally, a noticeable market trend is evident Up-gradation of existing fossil fuel power stations The Heavy Electrical Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB Group (Switzerland), Schneider Electric SE (France), General Electric (United States), Powell Industries Inc. (United States), VINCI Energies (France), Toshiba International Corporation (United States), Mitsubishi Electric (Japan), Siemens AG (Germany), Hyosung Power & Industrial System PG (South Korea), Larson & Turbo Limited (India) and Bharat Heavy Electricals Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies

Key Developments in the Market:
In January 2020, Engineering and power sector-major Siemens Ltd is acquired the New Delhi-based switchgear and power equipment major C&S Electric Limited The acquisition comprises the Indian operations of C&S Electric's low-voltage switchgear components and panels, low and medium voltage power busbars as well as protection and metering devices businesses.
In August 2021, Hitachi ABB power has launched the EconiQ™ High-voltage Roadmap at CIGRE. Its EconiQ high-voltage switchgear and breakers portfolio contains no sulfur hexaflouride (SF6), a greenhouse gas, and has been proven to significantly reduce the carbon footprint throughout the total lifecycle.

Influencing Trend:
Up-gradation of existing fossil fuel power stations

Market Growth Drivers:
Expansion of the electricity transmission and distribution network

Challenges:
Increasing cost of raw materials

Restraints:
Reproduction of fake switchgears

Opportunities:
Increase in government initiatives for the modernization of existing transmission and distribution network

AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.

Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in High Voltage Switchgear Market
- Analysis about New Entrants in High Voltage Switchgear Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators

Against this Challenging Backdrop, High Voltage Switchgear Study Sheds Light on
— The High Voltage Switchgear Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the High Voltage Switchgear industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where High Voltage Switchgear industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
— How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.

Report Objectives / Segmentation Covered

By Type
  • Air-insulated Switchgears
  • Gas-insulated Switchgears
  • Others (oil and vacuum)
By Application
  • Power Generation
  • Oil & Gas
  • Utilities Sector
  • Industrial
  • Other
By Product standard
  • IEC
  • ANSI
  • Others

By Component
  • Circuit breakers
  • Relays
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Expansion of the electricity transmission and distribution network
    • 3.3. Market Challenges
      • 3.3.1. Increasing cost of raw materials
    • 3.4. Market Trends
      • 3.4.1. Up-gradation of existing fossil fuel power stations
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
  • 5. Global High Voltage Switchgear, by Type, Application, Product standard, Component and Region (value) (2018-2023)
    • 5.1. Introduction
  • 6. High Voltage Switchgear: Manufacturers/Players Analysis
    • 6.1. Company Profile
      • 6.1.1. ABB Group (Switzerland)
        • 6.1.1.1. Business Overview
        • 6.1.1.2. Products/Services Offerings
        • 6.1.1.3. Financial Analysis
        • 6.1.1.4. SWOT Analysis
      • 6.1.2. Schneider Electric SE (France)
        • 6.1.2.1. Business Overview
        • 6.1.2.2. Products/Services Offerings
        • 6.1.2.3. Financial Analysis
        • 6.1.2.4. SWOT Analysis
      • 6.1.3. General Electric (United States)
        • 6.1.3.1. Business Overview
        • 6.1.3.2. Products/Services Offerings
        • 6.1.3.3. Financial Analysis
        • 6.1.3.4. SWOT Analysis
      • 6.1.4. Powell Industries Inc. (United States)
        • 6.1.4.1. Business Overview
        • 6.1.4.2. Products/Services Offerings
        • 6.1.4.3. Financial Analysis
        • 6.1.4.4. SWOT Analysis
      • 6.1.5. VINCI Energies (France)
        • 6.1.5.1. Business Overview
        • 6.1.5.2. Products/Services Offerings
        • 6.1.5.3. Financial Analysis
        • 6.1.5.4. SWOT Analysis
      • 6.1.6. Toshiba International Corporation (United States)
        • 6.1.6.1. Business Overview
        • 6.1.6.2. Products/Services Offerings
        • 6.1.6.3. Financial Analysis
        • 6.1.6.4. SWOT Analysis
      • 6.1.7. Mitsubishi Electric (Japan)
        • 6.1.7.1. Business Overview
        • 6.1.7.2. Products/Services Offerings
        • 6.1.7.3. Financial Analysis
        • 6.1.7.4. SWOT Analysis
      • 6.1.8. Siemens AG (Germany)
        • 6.1.8.1. Business Overview
        • 6.1.8.2. Products/Services Offerings
        • 6.1.8.3. Financial Analysis
        • 6.1.8.4. SWOT Analysis
      • 6.1.9. Hyosung Power & Industrial System PG (South Korea)
        • 6.1.9.1. Business Overview
        • 6.1.9.2. Products/Services Offerings
        • 6.1.9.3. Financial Analysis
        • 6.1.9.4. SWOT Analysis
      • 6.1.10. Larson & Turbo Limited (India)
        • 6.1.10.1. Business Overview
        • 6.1.10.2. Products/Services Offerings
        • 6.1.10.3. Financial Analysis
        • 6.1.10.4. SWOT Analysis
      • 6.1.11. Bharat Heavy Electricals Limited (India)
        • 6.1.11.1. Business Overview
        • 6.1.11.2. Products/Services Offerings
        • 6.1.11.3. Financial Analysis
        • 6.1.11.4. SWOT Analysis
  • 7. Global High Voltage Switchgear Sale, by Type, Application, Product standard, Component and Region (value) (2025-2030)
    • 7.1. Introduction
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Company Basic Information, Sales Area and Its Competitors
  • Table 2. Company Basic Information, Sales Area and Its Competitors
  • Table 3. Company Basic Information, Sales Area and Its Competitors
  • Table 4. Company Basic Information, Sales Area and Its Competitors
  • Table 5. Company Basic Information, Sales Area and Its Competitors
  • Table 6. Company Basic Information, Sales Area and Its Competitors
  • Table 7. Company Basic Information, Sales Area and Its Competitors
  • Table 8. Company Basic Information, Sales Area and Its Competitors
  • Table 9. Company Basic Information, Sales Area and Its Competitors
  • Table 10. Company Basic Information, Sales Area and Its Competitors
  • Table 11. Company Basic Information, Sales Area and Its Competitors
  • Table 12. Research Programs/Design for This Report
  • Table 13. Key Data Information from Secondary Sources
  • Table 14. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. ABB Group (Switzerland) Revenue, Net Income and Gross profit
  • Figure 5. ABB Group (Switzerland) Revenue: by Geography 2023
  • Figure 6. Schneider Electric SE (France) Revenue, Net Income and Gross profit
  • Figure 7. Schneider Electric SE (France) Revenue: by Geography 2023
  • Figure 8. General Electric (United States) Revenue, Net Income and Gross profit
  • Figure 9. General Electric (United States) Revenue: by Geography 2023
  • Figure 10. Powell Industries Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 11. Powell Industries Inc. (United States) Revenue: by Geography 2023
  • Figure 12. VINCI Energies (France) Revenue, Net Income and Gross profit
  • Figure 13. VINCI Energies (France) Revenue: by Geography 2023
  • Figure 14. Toshiba International Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 15. Toshiba International Corporation (United States) Revenue: by Geography 2023
  • Figure 16. Mitsubishi Electric (Japan) Revenue, Net Income and Gross profit
  • Figure 17. Mitsubishi Electric (Japan) Revenue: by Geography 2023
  • Figure 18. Siemens AG (Germany) Revenue, Net Income and Gross profit
  • Figure 19. Siemens AG (Germany) Revenue: by Geography 2023
  • Figure 20. Hyosung Power & Industrial System PG (South Korea) Revenue, Net Income and Gross profit
  • Figure 21. Hyosung Power & Industrial System PG (South Korea) Revenue: by Geography 2023
  • Figure 22. Larson & Turbo Limited (India) Revenue, Net Income and Gross profit
  • Figure 23. Larson & Turbo Limited (India) Revenue: by Geography 2023
  • Figure 24. Bharat Heavy Electricals Limited (India) Revenue, Net Income and Gross profit
  • Figure 25. Bharat Heavy Electricals Limited (India) Revenue: by Geography 2023
List of companies from research coverage that are profiled in the study
  • ABB Group (Switzerland)
  • Schneider Electric SE (France)
  • General Electric (United States)
  • Powell Industries Inc. (United States)
  • VINCI Energies (France)
  • Toshiba International Corporation (United States)
  • Mitsubishi Electric (Japan)
  • Siemens AG (Germany)
  • Hyosung Power & Industrial System PG (South Korea)
  • Larson & Turbo Limited (India)
  • Bharat Heavy Electricals Limited (India)
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Key Highlights of Report


Apr 2024 241 Pages 92 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Global High Voltage Switchgear Market Quantitative research analysis
Global High Voltage Switchgear Market Qualitative Industry Analysis
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Frequently Asked Questions (FAQ):

Top performing companies in the Global High Voltage Switchgear market are ABB Group (Switzerland), Schneider Electric SE (France), General Electric (United States), Powell Industries Inc. (United States), VINCI Energies (France), Toshiba International Corporation (United States), Mitsubishi Electric (Japan), Siemens AG (Germany), Hyosung Power & Industrial System PG (South Korea), Larson & Turbo Limited (India) and Bharat Heavy Electricals Limited (India), to name a few.
North America is dominating the High Voltage Switchgear Market.
"Increasing cost of raw materials" is seen as one of the major challenges by many Industry Players of High Voltage Switchgear Market
The High Voltage Switchgear market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get complete companies available in our research coverage.
The High Voltage Switchgear market is expected to see a steady growth rate during projected year 2023 to 2030.

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