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.

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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

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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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