Switchgear monitoring system market is expected to grow significantly at a CAGR of 6.9% during the forecast period. The growing industrial and commercial sector has led to the utilization of high electricity requirements which in turn would lead to unexpected temperature rise at a particular location. The rising concern for the better maintenance of electrification systems has enabled the demand for on-line monitoring and diagnostic system. The switchgear monitoring system is the component of an electrical power system which is used for electrical power distribution and to isolate electrical loads. With the advancement in technology, the demand for power quality is increasing. Switchgear monitoring system offers real-time and on-line temperature monitoring solutions which provide the collection of temperature and transmitting information.
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The switchgear monitoring system consists of discharge sensors, instruments, and diagnostic software in order to measure the working of switchgear for scheduling the maintenance power cuts and take preventive measures to avoid failure of the switchgear system. The increasing demand for switchgear monitoring system from the manufacturing and service industry which rely heavily on the reliable power supply from electric utilities to enhance the working of the electrically powered devices is driving the switchgear monitoring system market. However, the increased cost of installation may hamper the market segment of the switchgear monitoring system. The inspection and maintenance provided by power distributors may restrain the market share of the switchgear monitoring system.
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Global Switchgear Monitoring System Market Segmentation
• Gas-Insulated Solutions (GIS)
• Air-Insulated Solutions (AIS)
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Rest of the World
• ABB Group
• Donwil Co.
• Dynamic Ratings, Inc.
• Eaton Corp.
• EFACEC Power Solutions, SGPS, S.A.
• Emerson Electric Co.
• Fuji Electric Co. Ltd.
• Futronic GmbH
• General Electric, Co.
• Koncar – Electrical Engineering Institute. Inc
• Mitsubishi Electric Corp.
• Pacific Ocean Electrical Switchgear Industries, LLC
• Prism Power Group
• Qualitrol Corp.
• S&C Electric Co.
• Schneider Electric SE
• Siemens AG
• Tiara Vibrasindo Pratama
• Trafag AG
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