The global
switchgear monitoring market is estimated to progress at 7.86% CAGR during the
forecast period. The switchgear is a part of an electrical system, which is the
combination of electrical disconnect switches, fuses, circuit breaker, and
others, to protect and isolate electrical equipment. The monitoring system for
switchgear helps check the effectiveness of the closed circuit and the
reliability of the electrical system. The switchgear monitoring system helps
improve the efficiency of the power plant by effective maintenance.
Segmental Analysis
On the basis of
voltage, the global market has been segmented into medium voltage, and high
voltage. The high voltage segment is the larger segment in the market due to
the construction of transmission & distribution (T&D) networks and the
high voltage switchgears are primarily used in power transmission over long
distances. The end users of high voltage switchgear monitoring are utilities,
transmission networks, and heavy industries.
On the basis of
type, the global market is segmented into gas insulated switchgear (GIS) and
air insulated switchgear (AIS). The GIS segment is expected to dominate the
switchgear monitoring market, owing to rising demand in industrial areas to
fulfil high energy demands, with power need at varying voltage levels. On the
basis of end-use, the global market is segmented into utilities, industrial,
commercial, and others. The utilities segment is expected to dominate the
switchgear monitoring market during the forecast period. Utilities are
responsible for the generation,
transmission, and distribution of electricity.
Scope of the Report
This research
report provides insights into various levels of analysis, such as industry
analysis and market share analysis for the leading industry competitors, along
with their profiles. It also helps in studying the target segments by providing
views on the emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios and strategies in the global
switchgear monitoring market, including high-growth regions and/or countries,
and political and economic environments. The project report further provides
both – historical market values and pricing & cost analysis
Access Full Report at: https://www.marketresearchfuture.com/reports/switchgear-monitoring-market-7970
Leading Players
The key players
of the global switchgear monitoring market are Senseor (France), Fortive
(France), ABB (Switzerland), Mitsubishi Electric Corporation (Japan), Eaton
(Ireland), Trafag AG (Switzerland), Schneider Electric (France), Siemens
(Germany), Emerson (US), KONCAR-Electrical Engineering Institute, Inc.
(Croatia), and Siemens (Germany).
Regional Outlook
On the basis of
region, the global switchgear monitoring market has been segmented into
Asia-Pacific, North America, Europe, the Middle East & Africa, and South
America.
Asia-Pacific
dominated the switchgear monitoring market in 2018 and is estimated to be the
fastest growing region. The growth of the switchgear monitoring market in
Asia-Pacific is driven by many factors including the rise in investments in
T&D, resulting in power infrastructure development in the emerging
economies of Australia, China, Thailand, and India. Moreover, market players
such as ABB, Emerson, and Schneider Electric have signed contracts with
industries to provide switchgear monitoring and necessary services. Furthermore,
the rising expansion of power plants and development of smart grids are other
factors driving the growth of switchgear monitoring market, globally.
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