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Switchgear Monitoring System Market Size, Share, Analysis

Report Code EP 6944
Published in Dec, 2023, By MarketsandMarkets™
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Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High & Extra High Voltage, Medium Voltage, Low Voltage), Component (Hardware, Software & Services), Monitoring, End User (Utilities, Industries, Commercial) & Region - Global Forecast to 2028

Overview

The Global Sustainable Aviation Fuel Market Size was valued at USD 1.1 billion in 2023 and is estimated to reach USD 16.8 billion by 2030, growing at a CAGR of 47.7% during the forecast period. The Sustainable Aviation Fuel Industry is experiencing robust growth propelled by several key factors. Heightened global awareness of climate change and the imperative to reduce carbon emissions in the aviation industry are primary drivers, leading airlines to adopt SAF as a cleaner alternative to traditional jet fuels. Regulatory initiatives and mandates, including those from the International Civil Aviation Organization (ICAO) and various governments, further accelerate market expansion. Increased investments in research and development to enhance SAF production efficiency, coupled with advancements in feedstock technologies, contribute significantly to the sector's growth. Collaborations among airlines, manufacturers, and biofuel producers play a pivotal role in scaling up SAF production, fostering a more sustainable future for air travel. The economic viability and scale achieved by commercial aviation, along with the efficacy of hydrogen fuel cells, are additional factors bolstering the growth of the SAF market size. Current trends in the sustainable aviation fuel (SAF) market include a notable uptick in airline adoption to reduce carbon emissions. The industry is witnessing increased collaboration among airlines, biofuel producers, and governments, fostering a more coordinated approach to SAF research and production. Advancements in feedstock technologies, particularly exploring sources like algae and waste materials, aim to enhance the sustainability and scalability of SAF. Governments and international aviation bodies are implementing supportive policies and regulations to incentivize SAF use. Ongoing investments in research and development continue to drive technological improvements, making SAF production more cost-effective. Additionally, there is a growing focus on integrating hydrogen fuel cells as a viable alternative, aligning with broader trends in clean energy adoption.

Attractive Opportunities in the switchgear monitoring system market

MIDDLE EAST & AFRICA:

Regions such as Middle East offer several untapped and unexplored opportunities in the sustainable aviation fuel market.

The growth of this market can be attributed to the increasing number of high-net-worth companies.

The Middle East Sustainable Aviation Fuel Market is expected to be worth USD 1.1 billion by 2030, growing at a CAGR of 49.9% during the forecast period.

Contracts, agreements, and product launches would offer lucrative opportunities for market players in the next five years.

The growth of the SAF market in the Middle East is fueled by the region's access to abundant renewable resources, which facilitates efficient production of sustainable aviation fuel.

Global switchgear monitoring system market Dynamics

Driver: Increasing need for reduction in GHG emissions

The escalating need to reduce greenhouse gas (GHG) emissions is a significant driver for the Sustainable Aviation Fuel (SAF) market. With the aviation sector being a notable contributor to carbon emissions, there's a global imperative to transition towards cleaner alternatives. SAF, derived from renewable feedstocks, offers a substantial reduction in lifecycle carbon emissions compared to traditional jet fuels, aligning with international climate goals. The urgency to combat climate change and meet sustainability targets has prompted governments, regulatory bodies, and airlines to prioritize the adoption of SAF to curb aviation-related emissions.Increasing need for reduction in GHG emissionsThe leading growth factor driving such enormous growth in the Sustainable Aviation Fuel market is growth in air passenger traffic. Consequently, this forces airlines to fly more and hence expand their fleets due to the growing demand that has sent overall fuel consumption upwards by leaps and bounds. This, in turn, increases the carbon footprint of the aviation industry. Through it all, airlines try by all means to reduce their impact on the environment. Thus, the adoption of SAF has become important for meeting these high targets with lower emissions, meeting the rising fuel demands. The set corporate social responsibility goals also keep airlines setting high ambitions for sustainability. While passenger traffic increases, airlines are under further scrutiny to be able to show passengers, investors, and stakeholders that their commitment to sustainability will grow. The SAF provides a tangible way for airlines to cut down on their carbon emissions and add to their sustainability credentials-particularly with their expansion to put more passengers through.

Restraint: Price difference between SAF and conventional jet fuel

One notable restraint for the SAF market size is the existing price disparity between sustainable aviation fuel and conventional jet fuel. The production costs of SAF are often higher, making it less economically competitive. This price difference poses a challenge for widespread adoption, especially for airlines operating on thin profit margins. Despite the environmental benefits, the economic viability of SAF remains a critical factor hindering its broader acceptance. Efforts to bridge this price gap through technological innovations, increased production efficiency, and supportive policies are essential to overcome this restraint.Shortage of feedstock and refineriesRaw materials include biological and non-biological resources such as oil crops, sugar crops, algae waste oil, among others, which are the major players in the value chain of producing sustainable aviation fuel. Poor supply of the needed raw materials for the production of sustainable aviation fuel reduces its demand to a complete standstill. Besides, the limitations in refineries that play a major role in the proper utilization of these feedstocks add to the delay of the overall process of sustainable aviation fuel production. Low availability of fuel acts as a hurdle in the blending capacity of the fuel, hence making it less efficient. The potential for sustainable aviation fuel is large, but production capacity to supply the market needs to be developed. Currently, the low-carbon feedstocks are not available in sufficient quantity and quality at a price that works for the production technology. Supplies like used cooking oil (UCO) simply are not widely available because much of the available quantity has already been used for diesel production. Therefore, feedstock availability and price, energy intensity of the process, and facility capital expenditure are some of the significant barriers. Feedstocks would have to be made available at a scale, quantity, cost, carbon footprint, and a sustainability profile that would allow scaling up sustainable aviation fuel production. Centrally, with respect to the magnitude of the market, there would likely have to be all sorts of technologies and feedstocks.

 

Opportunity: Rising demand for SAF by airlines across the globe

The increasing demand for SAF by airlines globally presents a significant opportunity for market growth. Airlines are proactively seeking sustainable alternatives to meet emission reduction targets and fulfill corporate social responsibility commitments. This rising demand creates a market opportunity, encouraging greater investment in SAF production, technological advancements, and feedstock innovations. As more airlines commit to integrating SAF into their operations, the industry experiences a positive feedback loop that fosters innovation, economies of scale, and, ultimately, a more sustainable aviation sector.Government initiatives and sustainable fuel alternativesThis means increased demands for alternatives, such as sustainable aviation fuels, through swelling government and regulating authorities' initiatives in setting standards and goals for carbon footprint reduction. Moves by Finland and Norway to compile business models in order to achieve the target of 40% of renewable energy resources in the aviation industry by the year 2050, or providing tax cuts for industries using sustainable fuel and other alternative sources of energy, have helped mark a way for market growth in the region. The following set of business models that could possibly allow the profitable use of sustainable jet fuel was compiled during 2014 in cooperation between Finnair, Finavia, Neste, the Finnish Ministry of Transport and Communications, and the Finnish Ministry of Employment and the Economy.

Challenge: Large quantity of SAF must be produced to increase fuel blends

A challenge facing the SAF market is the need to produce large quantities to meet the rising demand and increase the blend of SAF in aviation fuel. Scaling up production while maintaining sustainability standards is complex and requires significant infrastructure investments. The challenge lies in ensuring a consistent and affordable supply of SAF feedstocks, as well as the development of efficient production processes. Overcoming this challenge involves addressing feedstock availability, technological scalability, and regulatory frameworks to encourage the large-scale production necessary for meaningful reductions in aviation-related carbon emissions.High operating cost of AirlineThe target of airlines for reducing GHG emissions, on the basis of engine and flight improvements alone, is unreachable-the airlines need sustainable aviation fuel. Fuel cost comprises a significant share of operating costs. Whereas made from wastes and feedstocks that are available at very low cost, advanced and expensive technological pathways are required for sustainable aviation fuel. Sustainable aviation fuel will be more expensive than petro-jet, since new production capacity has to be deployed. The sustainable aviation fuel will also not be widely available, since production capacity is built for contracted positions rather than as a commodity, at least through the first decade or so. New biofuel factories take many years and vast sums to build, which in turn pushes the price of their offtake upward once they go online, making it hard for them to achieve that critical mass regarding profitability.

Global switchgear monitoring system market Ecosystem Analysis

The sustainable aviation fuel (SAF) market ecosystem comprises various interconnected stakeholders. Feedstock suppliers provide raw materials, which biofuel producers convert into SAF using advanced technologies. Airlines and aircraft manufacturers in the aviation industry play a central role by adopting and advocating for SAF, while government and regulatory bodies establish policies and incentives to support market growth. Research institutions drive innovation, and investors provide financial support for SAF projects. Transportation and logistics ensure the efficient distribution of SAF, and airports contribute by incorporating necessary infrastructure. Consumers indirectly influence the SAF market size through their support for airlines prioritizing sustainable practices, and environmental organizations play a role in promoting environmentally friendly aviation solutions. This collaborative ecosystem is essential for advancing SAF production, distribution, and adoption in the aviation sector. The prominent companies are Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

Sustainable Aviation Fuel Market Segments

Anticipated higher CAGR for >50% blending capacity in the SAF market reflects increased airline commitment, regulatory pressure, and rising demand for sustainable aviation fuel.The segment with a blending capacity exceeding 50% is expected to experience a higher Compound Annual Growth Rate (CAGR) in the Sustainable Aviation Fuel (SAF) market, driven by several factors. This elevated blending capacity indicates a more robust integration of SAF into conventional aviation fuel, underscoring a heightened commitment from airlines and the aviation sector to curb carbon emissions. The increased blending capacity reflects a growing demand for SAF, influenced by regulatory mandates, corporate sustainability objectives, and a rising environmental consciousness. As the aviation industry intensifies efforts to achieve substantial emission reductions, the segment with over 50% blending capacity is poised for accelerated growth, emblematic of a significant transition towards sustainable practices within the sector.The unmanned aerial vehicle segment is projected to witness a higher market share during the forecast periodBased on the platform, the unmanned aerial vehicles segment is expected to hold a market share for the Sustainable Aviation Fuel market due to several key factors. The UAV segment is poised for a higher CAGR in the SAF market, driven by the escalating adoption of drones in agriculture, surveillance, and logistics. With a growing emphasis on environmental sustainability, incorporating SAF in UAV operations aligns with global efforts to reduce carbon emissions. The UAV sector's rapid adaptation to new technologies and regulations further accelerates its growth within the sustainable aviation fuel market.

The Biofuel segment is projected to witness a higher market share during the forecast period

Based on the fuel type, Some of the key factors that are likely to drive this segment's growth in the forecast period include a fully developed technology of biofuel compared to other SAF options, such as PtL or GtL. Biofuel is hence more available and can be produced on a large scale at lower costs. Most of the time, biofuel production uses already established agricultural and waste management infrastructure, hence, a better-established supply chain is realized. This supply chain, being somewhat developed, minimizes the need for new investments in production facilities upfront. Production of biofuels can occur from a varied range of renewable sources, such as from waste cooking oil, agricultural residues, and even municipal solid waste. This ensures a level steadiness in supplies even in the face of fluctuating specific feedstock availability.The HEFA-SPK segment is projected to witness a higher market share during the forecast periodBased on the biofuel manufacturing technology, the The HEFA-SPK manufacturing technology is foreseen to capture the maximum share in the market of SAF. It is highly scalable and efficient, hence allowing large-scale production of SAF using HEFA-SPK technology. Therefore, it would emerge as a plausible alternative to the growing demand for sustainable aviation fuels. Starch and sugarcane are abundant, available, and renewable resources, especially in South America and Asia. This alone can assure long-term feedstock security for HEFA-based SPKs production. In general, HEFA-SPK has much lower carbon intensity compared with the other production routes for SAFs. These production routes also signify different greenhouse gas intensities for the resultant SAFs where, in general, HEFA-SPK should be considered the one from which such kind of emission results in the least intensity. Fine, this HEFA technology allows more cost-effective solutions compared to others. Such produced fuels are drop-in fuels, meaning they can be used in jet engines of today. Thus, it shall be practical and no-fuss solution for the.The Airline segment is projected to witness a higher market share during the forecast periodBased on the End user segment, The market share of airline end-users is expected to be the highest in the SAF market size, owing to the fact that more stringent regulations are imposed by governments around the globe on airlines to reduce their carbon emissions. Very often, such mandates involve the use of a certain percentage of SAF by the airlines. Consequently, airlines also face growing pressure from consumers, investors, and environmental organizations to reduce their environmental impact. It's good enough an option upon which one can look to assuage such fears and improve their public image. SAF helps airlines diversify fuels without reliance on traditional fossil fuels, thus taking away the risk associated with a shortage in fuel supplies.

MIDDLE EAST & AFRICA Region Holds the Largest Share of the Switchgear Monitoring System Market

The Middle East is expected to experience a higher Compound Annual Growth Rate (CAGR) in the Sustainable Aviation Fuel (SAF) market due to various factors. The region's emphasis on sustainable development and substantial investments in renewable energy establish a favorable environment for the growth of SAF. Abundant sunlight enables efficient biofuel production, aligning with global initiatives to mitigate carbon emissions. Additionally, the Middle East's robust financial capabilities and government support stimulate innovation and infrastructure development, positioning the region as a crucial influencer in advancing the adoption of SAF.

Recent Developments of switchgear monitoring system market industry

  • In October 2023, Emirates and Neste have broadened their collaboration to provide more than three million gallons of blended Neste MY Sustainable Aviation Fuel (SAF) in 2024 and 2025. The SAF, combined with traditional jet fuel, is slated for delivery during 2024 and 2025, specifically for Emirates' flights departing from Amsterdam Schiphol and Singapore Changi airports. GAIL has joined forces with LanzaTech Global, a US-based company, to investigate the establishment of a pilot project focused on capturing and converting CO2 into valuable materials in July, 2023. This collaboration aims to explore cutting-edge technology solutions aligning with GAIL's Net Zero 2040 objectives and has the potential to contribute to broader global decarbonization initiatives, as stated by India's largest gas utility. Gevo, Inc. (NASDAQ: GEVO) has revealed a new fuel sales deal with Iberia Airlines, a part of International Airlines Group (IAG) in November 2022. Under the agreement, Gevo will supply Iberia Airlines with 6 million gallons of sustainable aviation fuel annually for five years, starting in 2028. The estimated value of the agreement, including environmental benefits, is $165 million over the specified period.
  • In July, 2021 Fulcrum BioEnergy completed the construction of Sierra BioFuels Plant – the world’s first commercial-scale plant that can convert household garbage and MSW into transportation fuel. Fulcrum BioEnergy Inc. has finalized a $20 million equity investment from SK innovation, the energy division of South Korea's SK Group. This collaboration extends beyond the investment, as Fulcrum and SK innovation plan an exclusive licensing agreement. The agreement aims to explore the application of Fulcrum's patented waste-to-fuel process in South Korea and select Asian countries.

Key Market Players

KEY PLAYERS IN THE switchgear monitoring system market INCLUDE

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Scope of the Report

Report Attribute Details
Estimated Value USD 1.1 billion in 2023
Projected Value USD 16.8 billion by 2030
Growth Rate CAGR of 47.7%
Market size available for years 2019-2030
Base year considered 2022
Forecast period 2023-2030
Forecast units Value (USD Million/Billion)
Segments  Covered By Fuel Type, By Biofuel Manufacturing Technology, By Blending Capacity, By Platform
Geographies Covered North America, Europe, Asia Pacific, Middle East and Latin America
Companies Covered Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

 

Key Questions Addressed by the Report

What is the current size of the Sustainable Aviation Fuel market?
The Sustainable Aviation Fuel market size is projected to grow from USD 1.1 billion in 2023 to USD 16.8 billion by 2030, at a CAGR of 47.7% from 2023 to 2030.
What are some of the technological advancements in the market?
The sustainable aviation fuel (SAF) market has witnessed notable technological advancements aimed at enhancing production efficiency and expanding its viability. Innovations include the development of advanced feedstock technologies, such as algae and halophytes, which offer more sustainable and scalable sources for biofuel production. Additionally, there have been strides in catalytic processes and refining techniques to improve the overall yield and quality of SAF. Advancements in hydrogen fuel cells, another segment of the SAF market, contribute to more efficient and eco-friendly aviation solutions. These technological breakthroughs collectively drive the SAF market toward greater sustainability and play a pivotal role in addressing environmental concerns in the aviation industry.
What are the factors driving the growth of the market?
The Sustainable Aviation Fuel market is propelled by the surging global air passenger traffic, leading to increased demand for advanced sustainable and environment-friendly fuel technologies. The pursuit of fuel efficiency and emissions reduction in aviation has also boosted the need for sustainable aviation fuels.
Who are the key players and innovators in the ecosystem of the Sustainable Aviation Fuel market?
Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.
What are the growth opportunities in the Sustainable Aviation Fuel market?
The sustainable aviation fuel (SAF) market presents promising growth opportunities driven by a surge in global initiatives to reduce carbon emissions in aviation. Increasing support from governments and regulatory bodies, coupled with rising investments in research and development, creates a conducive environment for innovation and market expansion. Collaborations among key stakeholders, such as airlines, manufacturers, and biofuel producers, offer avenues for scaling up SAF production. Additionally, the growing demand for sustainable aviation solutions and advancements in feedstock technologies further enhance the market's potential for long-term growth.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
21
RESEARCH METHODOLOGY
26
EXECUTIVE SUMMARY
39
PREMIUM INSIGHTS
44
MARKET OVERVIEW
48
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Shift from conventional maintenance methods to condition-based services
    - Strengthened power distribution infrastructure
    - Rising use of electric distribution and transmission systems powered by renewable energy sources
    RESTRAINTS
    - High installation cost
    OPPORTUNITIES
    - Growing deployment of smart grids
    CHALLENGES
    - Inadequate data storage and management concerns
    - Susceptibility of switchgear monitoring systems to cyber threats
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
    RAW MATERIAL/COMPONENT PROVIDERS
    SWITCHGEAR MONITORING SYSTEM MANUFACTURERS
    DISTRIBUTORS/RESELLERS
    END USERS/OPERATORS
    MAINTENANCE/SERVICE PROVIDERS
  • 5.6 TECHNOLOGY ANALYSIS
    SURFACE ACOUSTIC WAVE (SAW) TECHNOLOGY
    INTELLIGENT SWITCHGEAR
  • 5.7 PRICING ANALYSIS
  • 5.8 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPE
    TARIFFS
    REGULATORY LANDSCAPE
    STANDARDS
  • 5.9 PATENT ANALYSIS, 2021–2023
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.11 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.12 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.14 BUYING CRITERIA
  • 5.15 CASE STUDY ANALYSIS
    USE OF DEEP LEARNING TECHNOLOGY-BASED MONITORING SYSTEM TO DETECT SWITCHGEAR FAULTS AT MEDIUM VOLTAGE
    ADOPTION OF TIME-OF-LIGHT MEASUREMENT TECHNIQUE TO AVOID MC SWITCHGEAR FAILURE
    INSTALLATION AND COMMISSIONING OF TEMPERATURE MONITORING TECHNOLOGY ON CIRCUIT BREAKERS TO PREVENT ELECTRICAL ASSET FAILURE
SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE
78
  • 6.1 INTRODUCTION
  • 6.2 GAS-INSULATED SWITCHGEAR
    DEPLOYMENT IN HIGH-VOLTAGE APPLICATIONS TO BOOST DEMAND
  • 6.3 AIR-INSULATED SWITCHGEAR
    EASE OF MAINTENANCE AND ENVIRONMENT-FRIENDLY NATURE TO ACCELERATE DEMAND
SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT
82
  • 7.1 INTRODUCTION
  • 7.2 HARDWARE
    ONGOING TECHNOLOGICAL ADVANCEMENTS IN HARDWARE COMPONENTS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS
    INTELLIGENT EQUIPMENT DEVICES
    DISTRIBUTION NETWORK FEEDERS
    OTHER HARDWARE COMPONENTS
  • 7.3 SOFTWARE
    PRESSING NEED TO HANDLE DATA PROCESSING AND EXECUTION TO BOOST DEMAND FOR SECURE AND EMBEDDED SOFTWARE
SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE
87
  • 8.1 INTRODUCTION
  • 8.2 PARTIAL DISCHARGE MONITORING
    GROWING DEMAND FOR HIGH-PERFORMANCE AND RELIABLE ELECTRICAL ASSETS TO STIMULATE DEMAND
  • 8.3 GAS MONITORING
    NEED TO MONITOR OPERATING TEMPERATURE OF ELECTRICAL EQUIPMENT TO ELEVATE DEMAND
  • 8.4 TEMPERATURE MONITORING
    CRITICAL NEED FOR DETECTING OPERATING TEMPERATURE OF ELECTRICAL EQUIPMENT HEALTH TO FOSTER SEGMENTAL GROWTH
  • 8.5 OTHER SERVICES
SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE
93
  • 9.1 INTRODUCTION
  • 9.2 LOW VOLTAGE
    ABILITY TO ENHANCE SAFETY AND RELIABILITY BY PROVIDING REAL-TIME INSIGHTS TO BOOST DEMAND
  • 9.3 MEDIUM VOLTAGE
    ABILITY TO OFFER ELECTRICAL PROTECTION AGAINST OVERLOAD CURRENTS AND PREVENT INSULATION FAILURES TO BOOST DEMAND
  • 9.4 HIGH AND EXTRA HIGH VOLTAGE
    RAPID DEVELOPMENT OF POWER TRANSMISSION NETWORKS IN DEVELOPING COUNTRIES TO BOOST DEMAND
SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER
98
  • 10.1 INTRODUCTION
  • 10.2 UTILITIES
    IMPLEMENTATION OF IP NETWORKS TO ENHANCE MONITORING CAPABILITIES OF SWITCHGEAR TO DRIVE MARKET
  • 10.3 INDUSTRIAL
    STRONG FOCUS OF INDUSTRIES ON PREVENTING FINANCIAL LOSSES ASSOCIATED WITH POWER TO DRIVE MARKET
  • 10.4 COMMERCIAL
    RAPID URBANIZATION IN DEVELOPING COUNTRIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS
  • 10.5 OTHER END USERS
SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION
103
  • 11.1 INTRODUCTION
  • 11.2 EUROPE
    RECESSION IMPACT ON MARKET IN EUROPE
    UK
    - Rising integration of renewable energy into power mix to drive market
    GERMANY
    - Enforcement of stringent rules for deployment of power transmission grids to fuel market growth
    FRANCE
    - Growing dependence on nuclear power plants to contribute to market growth
    ITALY
    - Escalating investments in green energy projects to augment adoption of switchgear monitoring systems
    RUSSIA
    - Rising commitment toward carbon neutrality to accelerate market growth
    REST OF EUROPE
  • 11.3 ASIA PACIFIC
    RECESSION IMPACT ON MARKET IN ASIA PACIFIC
    CHINA
    - Increasing investments in renewable energy projects to support market growth
    JAPAN
    - Rising government-led initiatives to meet power supply demand to fuel market growth
    INDIA
    - Shifting focus toward electrification of remote areas to propel market
    SOUTH KOREA
    - Increasing developments of offshore wind infrastructure to contribute to market growth
    AUSTRALIA
    - Rising electrification of railroad networks to accelerate market growth
    REST OF ASIA PACIFIC
  • 11.4 NORTH AMERICA
    RECESSION IMPACT ON MARKET IN NORTH AMERICA
    US
    - Strong focus on renewable energy infrastructure development to contribute to market growth
    CANADA
    - Rising investments in wind energy projects to foster market growth
    MEXICO
    - Growing focus on generating power using renewable sources to fuel market growth
  • 11.5 MIDDLE EAST & AFRICA
    RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
    REST OF GCC COUNTRIES
    - Saudi Arabia
    - UAE
    - Kuwait
    - Rest of GCC countries
    SOUTH AFRICA
    - Rising focus on modernizing grid infrastructure to fuel market growth
    REST OF MIDDLE EAST & AFRICA
  • 11.6 SOUTH AMERICA
    RECESSION IMPACT ON MARKET IN SOUTH AMERICA
    BRAZIL
    - Surging power demand and need for electrification to propel market
    ARGENTINA
    - Increasing government investments in offshore gas production projects to drive market
    REST OF SOUTH AMERICA
COMPETITIVE LANDSCAPE
142
  • 12.1 OVERVIEW
  • 12.2 STRATEGIES ADOPTED BY MAJOR PLAYERS, 2022–2023
  • 12.3 MARKET SHARE ANALYSIS, 2022
  • 12.4 REVENUE ANALYSIS, 2018–2022
  • 12.5 COMPANY EVALUATION MATRIX, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 12.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 12.7 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
158
  • 13.1 KEY PLAYERS
    SIEMENS ENERGY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EATON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GENERAL ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EMERSON ELECTRIC CO.
    - Business overview
    - Products/Solutions/Services offered
    KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.
    - Business overview
    - Products/Solutions/Services offered
    PT. TIARA VIBRASINDO PRATAMA
    - Business overview
    - Products/Solutions/Services offered
    SENSEOR – WIKA GROUP
    - Business overview
    - Products/Solutions/Services offered
    ALTANOVA GROUP
    - Business overview
    - Products/Solutions/Services offered
    DYNAMIC RATINGS
    - Business overview
    - Products/Solutions/Services offered
    OSENSA INNOVATIONS
    - Business overview
    - Products/Solutions/Services offered
    MEGGER
    - Business overview
    - Products/Solutions/Services offered
    IPEC LTD.
    - Business overview
    - Products/Solutions/Services offered
  • 13.2 OTHER PLAYERS
    MONITRA LTD.
    RUGGED MONITORING
    PDS
    DOBLE ENGINEERING COMPANY
    NUVENTURA GMBH
APPENDIX
193
  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 SWITCHGEAR MONITORING SYSTEM MARKET: SNAPSHOT
  • TABLE 2 PROJECTS/REGULATIONS BY DIFFERENT COUNTRIES FOR ENERGY TRANSITION
  • TABLE 3 COMPANIES AND THEIR ROLES IN SWITCHGEAR MONITORING SYSTEM ECOSYSTEM
  • TABLE 4 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY TYPE (USD/UNIT)
  • TABLE 5 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY REGION (USD/UNIT)
  • TABLE 6 IMPORT DATA FOR HS 8536-COMPLIANT LOW-VOLTAGE PROTECTION EQUIPMENT, 2019
  • TABLE 7 IMPORT DATA FOR HS 8535-COMPLIANT HIGH-VOLTAGE PROTECTION EQUIPMENT, 2019
  • TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 SWITCHGEAR MONITORING MARKET: LIST OF PATENTS, 2021–2023
  • TABLE 13 IMPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 14 EXPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 15 SWITCHGEAR MONITORING SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 16 MARKET: LIST OF CONFERENCES AND EVENTS
  • TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • TABLE 18 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • TABLE 19 SWITCHGEAR MONITORING SYSTEM MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
  • TABLE 20 GAS-INSULATED SWITCHGEAR: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 21 AIR-INSULATED SWITCHGEAR: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 22 SWITCHGEAR MONITORING SYSTEMS MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 23 HARDWARE: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 24 SOFTWARE: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 25 SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 26 PARTIAL DISCHARGE MONITORING: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 27 GAS MONITORING: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 28 TEMPERATURE MONITORING: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 29 OTHER SERVICES: MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 30 SWITCHGEAR MONITORING SYSTEMS MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
  • TABLE 31 LOW VOLTAGE: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 32 MEDIUM VOLTAGE: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 33 HIGH AND EXTRA HIGH VOLTAGE: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 34 SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 35 UTILITIES: SWITCHGEAR MONITORING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 36 INDUSTRIAL: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 37 COMMERCIAL: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 38 OTHER END USERS: SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 39 SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 40 SWITCHGEAR MONITORING MARKET, BY REGION, 2021–2028 (UNITS)
  • TABLE 41 EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 42 EUROPE: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 43 EUROPE: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 44 EUROPE: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 45 EUROPE: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 46 EUROPE: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
  • TABLE 47 EUROPE: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 48 EUROPE: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 49 EUROPE: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 50 UK: SWITCHGEAR MONITORING MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 51 GERMANY: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 52 FRANCE: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 53 ITALY: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 54 RUSSIA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 55 REST OF EUROPE: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 56 ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 57 ASIA PACIFIC: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 58 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 59 ASIA PACIFIC: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 60 ASIA PACIFIC: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 61 ASIA PACIFIC: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
  • TABLE 62 ASIA PACIFIC: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 63 ASIA PACIFIC: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 64 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 65 CHINA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 66 JAPAN: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 67 INDIA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 68 SOUTH KOREA: SWITCHGEAR MONITORING MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 69 AUSTRALIA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 70 REST OF ASIA PACIFIC: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 71 NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 72 NORTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 73 NORTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 74 NORTH AMERICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 75 NORTH AMERICA: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 76 NORTH AMERICA: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
  • TABLE 77 NORTH AMERICA: MARKET FOR PARTIAL DISCHARGE MONITORING SERVICE, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 78 NORTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 79 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 80 US: SWITCHGEAR MONITORING MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 81 CANADA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 82 MEXICO: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 83 MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 84 MIDDLE EAST & AFRICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 85 MIDDLE EAST & AFRICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 86 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 88 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
  • TABLE 89 MIDDLE EAST & AFRICA: MARKET, PARTIAL DISCHARGE MONITORING, 2021–2028 (USD MILLION)
  • TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 92 GCC COUNTRIES: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 93 SAUDI ARABIA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 94 UAE: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 95 KUWAIT: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 96 REST OF GCC COUNTRIES: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 97 SOUTH AFRICA: SWITCHGEAR MONITORING MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 98 REST OF MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 99 SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 100 SOUTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 101 SOUTH AMERICA: MARKET FOR GAS-INSULATED SWITCHGEAR, BY HIGH AND EXTRA HIGH VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 102 SOUTH AMERICA: MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 103 SOUTH AMERICA: MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 104 SOUTH AMERICA: MARKET, BY SERVICE, 2021–2028 (USD MILLION)
  • TABLE 105 SOUTH AMERICA: MARKET FOR PARTIAL DISCHARGE MONITORING, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 106 SOUTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 107 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 108 BRAZIL: SWITCHGEAR MONITORING MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 109 ARGENTINA: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 110 REST OF SOUTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
  • TABLE 111 MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2022–2023
  • TABLE 112 SWITCHGEAR MONITORING SYSTEM MARKET ANALYSIS, 2022
  • TABLE 113 COMPANY VOLTAGE FOOTPRINT
  • TABLE 114 COMPANY TYPE FOOTPRINT
  • TABLE 115 COMPANY END USER FOOTPRINT
  • TABLE 116 COMPANY REGION FOOTPRINT
  • TABLE 117 OVERALL COMPANY FOOTPRINT
  • TABLE 118 SWITCHGEAR MONITORING MARKET: LIST OF KEY START-UPS/SMES
  • TABLE 119 MARKET: COMPETITIVE BENCHMARKING OF START-UPS
  • TABLE 120 MARKET: PRODUCT LAUNCHES, 2023
  • TABLE 121 MARKET: DEALS, 2021–2023
  • TABLE 122 SIEMENS ENERGY: COMPANY OVERVIEW
  • TABLE 123 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 124 SIEMENS ENERGY: DEALS
  • TABLE 125 ABB: COMPANY OVERVIEW
  • TABLE 126 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 127 ABB: PRODUCT LAUNCHES
  • TABLE 128 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 129 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 130 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
  • TABLE 131 SCHNEIDER ELECTRIC: DEALS
  • TABLE 132 EATON: COMPANY OVERVIEW
  • TABLE 133 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 134 EATON: DEALS
  • TABLE 135 GENERAL ELECTRIC: COMPANY OVERVIEW
  • TABLE 136 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 137 GENERAL ELECTRIC: PRODUCT LAUNCHES
  • TABLE 138 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 139 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 140 MITSUBISHI ELECTRIC CORPORATION: DEALS
  • TABLE 141 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
  • TABLE 142 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 143 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.: COMPANY OVERVIEW
  • TABLE 144 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 145 PT. TIARA VIBRASINDO PRATAMA: COMPANY OVERVIEW
  • TABLE 146 PT. TIARA VIBRASINDO PRATAMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 147 SENSEOR – WIKA GROUP: COMPANY OVERVIEW
  • TABLE 148 SENSEOR – WIKA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 149 ALTANOVA GROUP: COMPANY OVERVIEW
  • TABLE 150 ALTANOVA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 151 DYNAMIC RATINGS: COMPANY OVERVIEW
  • TABLE 152 DYNAMIC RATINGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 153 OSENSA INNOVATIONS: COMPANY OVERVIEW
  • TABLE 154 OSENSA INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 155 MEGGER: COMPANY OVERVIEW
  • TABLE 156 MEGGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 157 IPEC LTD.: COMPANY OVERVIEW
  • TABLE 158 IPEC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
LIST OF FIGURES
 
  • FIGURE 1 SWITCHGEAR MONITORING SYSTEM MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION
  • FIGURE 3 BREAKDOWN OF PRIMARIES
  • FIGURE 4 MAIN METRICS CONSIDERED TO ASSESS DEMAND FOR SWITCHGEAR MONITORING SYSTEM
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SWITCHGEAR MONITORING SYSTEMS
  • FIGURE 8 SWITCHGEAR MONITORING MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 9 COMPANY REVENUE ANALYSIS, 2022
  • FIGURE 10 GAS-INSULATED SWITCHGEAR SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
  • FIGURE 11 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 12 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 TEMPERATURE MONITORING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 14 UTILITIES SEGMENT TO SECURE LARGEST MARKET SHARE IN 2028
  • FIGURE 15 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET IN 2022
  • FIGURE 16 GROWING DEPLOYMENT OF SMART GRIDS AND INCREASING DIGITALIZATION TO DRIVE MARKET
  • FIGURE 17 UTILITIES SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC SWITCHGEAR MONITORING MARKET IN 2022
  • FIGURE 18 GAS-INSULATED SWITCHGEAR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
  • FIGURE 19 HARDWARE TO SECURE LARGER MARKET SHARE IN 2028
  • FIGURE 20 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 21 TEMPERATURE MONITORING SEGMENT TO COMMAND MARKET IN 2028
  • FIGURE 22 UTILITIES SEGMENT TO COMMAND MARKET IN 2028
  • FIGURE 23 SWITCHGEAR MONITORING SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 24 ANNUAL CLEAN ENERGY INVESTMENT (USD BILLION)
  • FIGURE 25 ENERGY TRANSITION INVESTMENT BY TOP 10 COUNTRIES, 2021
  • FIGURE 26 ANNUAL INVESTMENT EXPENDITURE ON ELECTRICITY GRIDS, 2015–2022
  • FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 28 ECOSYSTEM/MARKET MAP
  • FIGURE 29 VALUE CHAIN ANALYSIS: SYSTEM MANUFACTURERS/INSTALLATION AND MAINTENANCE SERVICE PROVIDERS TO ADD MAXIMUM VALUE TO OVERALL PRODUCT
  • FIGURE 30 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY TYPE, 2017–2022
  • FIGURE 31 AVERAGE SELLING PRICE (ASP) TREND OF SWITCHGEAR MONITORING SYSTEMS, BY REGION
  • FIGURE 32 SWITCHGEAR MONITORING SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS
  • FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • FIGURE 35 GAS-INSULATED SWITCHGEAR SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022
  • FIGURE 36 HARDWARE SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022
  • FIGURE 37 TEMPERATURE MONITORING SEGMENT DOMINATED MARKET IN 2022
  • FIGURE 38 HIGH AND EXTRA HIGH VOLTAGE SEGMENT HELD MAXIMUM MARKET SHARE IN 2022
  • FIGURE 39 UTILITIES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
  • FIGURE 40 ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
  • FIGURE 41 ASIA PACIFIC HELD FOR LARGEST SHARE OF GLOBAL SWITCHGEAR MONITORING SYSTEM MARKET IN 2022
  • FIGURE 42 EUROPE: SWITCHGEAR MONITORING MARKET SNAPSHOT
  • FIGURE 43 ASIA PACIFIC: SWITCHGEAR MONITORING MARKET SNAPSHOT
  • FIGURE 44 SWITCHGEAR MONITORING SYSTEM MARKET SHARE ANALYSIS, 2022
  • FIGURE 45 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
  • FIGURE 46 SWITCHGEAR MONITORING SYSTEMS MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS
  • FIGURE 47 SWITCHGEAR MONITORING MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 48 START-UPS/SMES EVALUATION MATRIX, 2022
  • FIGURE 49 SIEMENS ENERGY: COMPANY SNAPSHOT
  • FIGURE 50 ABB: COMPANY SNAPSHOT
  • FIGURE 51 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 52 EATON: COMPANY SNAPSHOT
  • FIGURE 53 GENERAL ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 54 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 55 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT

 

The study involved major activities in estimating the current size of the blower market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, World Bank, US DOE, IEA, to identify and collect information useful for a technical, market-oriented, and commercial study of the global switchgear monitoring system market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The market comprises several stakeholders, such as public and private electric utilities, distribution companies, switchgear manufacturers, dealers, and suppliers, switchgear monitoring system component manufacturers, energy & power sector consulting companies and others. The demand side of this market is characterized by estimating the year on year investment on electrical equipment and historical investment trends in T&D networks. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following—

Switchgear Monitoring System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Switchgear monitoring system Market Size: Bottom-Up Approach

Switchgear Monitoring System Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Switchgear Monitoring System Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Switchgear monitoring systems offer the continuous monitoring of switchgear cubicles by recording the real-time information of operational parameters using sensors. The sensors installed in switchgear apparatuses monitor the threshold breaches, warn of any significant change in operating performance, and assemble an overall condition assessment of the apparatuses.

Key Stakeholders

  • Public and private electric utilities
  • Distribution companies (DISCOM)
  • Switchgear manufacturers, dealers, and suppliers
  • Switchgear monitoring system component manufacturers
  • Energy & power sector consulting companies
  • Government & research organizations
  • Independent power producers
  • Investment banks
  • Electrical equipment associations
  • Assembly, testing, and packaging vendors
  • Integrated device manufacturers (IDMs)
  • Process industries and power and energy associations
  • Raw material and manufacturing equipment suppliers

Report Objectives

  • To define, describe, switchgear monitoring system market, based on type, component, voltage, services, and end user
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, collaborations, and acquisitions, in the market
  • To track and analyze competitive developments, such as new product launches, contracts & agreements, investments & expansions, and mergers & acquisitions, in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

Previous Versions of this Report

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region - Global Forecast to 2025

Report Code EP 6944
Published in Aug, 2020, By MarketsandMarkets™

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region - Global Forecast to 2025

Report Code EP 6944
Published in Feb, 2019, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Switchgear Monitoring System Market

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