Switchgears Market Intelligence

Switchgears Market Description

The global switchgear market is expected to reach $89.3 Billion by 2020, growing at a CAGR of 5-6 percent in the forecast period. An increasing demand for electricity in the emerging and developed countries, followed by increasing investment in the infrastructure is expected to drive the global switchgear market. North America and Europe are further expected to drive the switchgear demand globally.

The report covers the regional market overview of the switchgear market in the regions of North America, LATAM, Europe, APAC and MEA followed by global analysis of Porter’s Five Forces. It includes the suppliers’ profile of global switchgear providers such as ABB, Siemens, General Electric, Hyundai Electric & Energy Systems Co., Ltd., Schneider Electric etc. It also provides an extensive cost and pricing analysis in the switchgear market. It further highlights the procurement best practices which comprise of industry sourcing channels, KPIs to measure procurement effectiveness and typical contract model prevalent in the switchgear industry.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Switchgear Market Size & Trend
Key Global Supplier Profiles
Price Driver Analysis

Switchgears Market Trend, Analysis & Forecast

Category Intelligence on Switchgears covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

icon
Executive Summary

icon
Market Analysis

icon
Supply Analysis

icon
Cost & Pricing Analysis

icon
Best Practices

1. Switchgears Executive Summary

1.1 Category Landscape
1.2 Regional Market Outlook

2. Switchgears Market Analysis

2.1 Market Maturity
2.2 Market Size and Trend
2.3 Drivers and Constraints
2.4 Regional Market Outlook
2.5 Porter’sFive Forces Analysis

3. Switchgears Supply Analysis

3.1 Supply Market Outlook
3.2 Key Player Market Share
3.3 Top Five Suppliers Profile and SWOT Analysis

4. Switchgears Cost and Pricing Analysis

4.1 Cost Structure Analysis
4.2 Price Driver Analysis
– Copper
– Electricity
– Carbon Steel
– Labor

5. Switchgears Procurement Best Practices

5.1 Sourcing Channels
5.2 Procurement Practices

Global Market Outlook on Switchgears

Asia Pacific will continue to dominate the market in terms of driving the demand for switchgears
Growth of the power distribution equipment industry in the developing regions is being driven by the upgrades and expansion of the electrification infrastructure and the demand for electricity
In North America and Europe, the growth is being driven by the increased proliferation of renewable energy projects

switchgears-market-size

Global Switchgear Market Overview

Increasing demand for electricity in the emerging and developed countries, backed by increasing investment in infrastructure is expected to drive the switchgear market globally. However, intense price based competition is expected to affect the overall growth

Global Switchgear Market Size & Trend

The global switchgear market is expected to be driven by the increased investment in transmission and distribution infrastructure and the upgradation of ageing substation equipment

The global switchgear market was estimated to be around $76.7 billion for the year 2017, and is expected to reach $89.3 Billion by 2020, growing at a CAGR of 5–6 percent in the forecast period
Increasing demand for electricity in the emerging and developed countries backed by increasing investment in infrastructure is expected to drive the switchgear market globally. Also, initiatives taken to upgrade ageing substations with energy efficient solutions for better performance, especially in North America and Europe is further expected to drive the switchgear demand globally
However, price volatility in key raw materials such as copper, aluminum, steel is expected to have a significant impact on the switchgear cost as they are raw material intensive
Local companies have significant market share in emerging economies such as India and China and give tough completion to the multinationals in terms of switchgear quality and price
Demand for low and medium voltage switchgears is being predominantly driven by the need for enhanced protection in power distribution equipment. It is also being driven by the rapid infrastructural development and urbanization being witnessed globally
Power utilities form the largest end-use segment for medium and high voltage switchgears. The market growth for medium and high voltage switchgears is usually supported by the increased investment in the transmission and distribution infrastructure and upgradation of the old infrastructure
Accounting for a dominant share of 47 percent, Asia Pacific has emerged as the largest market for switchgears globally. This is being driven by the emerging economies such as China, India, Vietnam and Indonesia which are witnessing rapid industrial and infrastructural development. In North America and Western Europe, the switchgear demand is being driven by the increased focus on renewable energy to curb carbon emissions

Global Switchgear Market Drivers & Constraints

Drivers

Substantial investment in the emerging economies including China, India, Indonesia, Brazil on the transmission and distribution infrastructure is expected to be a major driver for the demand of switchgears
With the rapid industrialization and urbanization across the globe, there is a substantial increase in the investment in the end-use segment for power, which is expected to support the demand for medium and low voltage switchgears
In developed economies such as the US and other Western European nations, the switchgear demand is expected to be driven by the increased focus cleaner energy sources in order to curb carbon emissions

Constraints

Volatility in steel, copper and crude oil prices is expected to restrain the growth of switchgear globally. Such volatility in raw material prices have created pressure on the manufacturers’ profit margin, due to which, some of the global players in the industry have shifted their production facilities to regions that facilitate lower cost of manufacturing as well as, have a higher demand, like China, India etc.
Intense price based competition, especially in the emerging economies between local players and established multinationals puts immense pressure on the revenue stream of switchgear manufacturers
Furthermore, with the lack of substantial product differentiation, price becomes an important criterion for winning contracts

Buy Report ( ~~$999~~ $799)

Talk to sales

Download Sample