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High Voltage Switchgear Global Market Report 2022 – By Insulation Type (Gas Insulated, Oil Insulated, Air Insulated), By Application (Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation), By Product Standard (IEC Stardard, ANSI Standard), By Component (Circuit Breakers, Relays) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7279 | Delivery Time: 2-3 business days | Format :


The high voltage switchgear market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out the design, manufacturing, and sales of high voltage switchgear.  The market also consists of high voltage switchgear that is electrical equipment used in an electrical path to deal with voltage above 36kV and is designed to perform some operations such as control, regulate, and switch on/off as needed in an electric circuit.

The main insulation types of high voltage switchgear are gas insulated, oil insulated, and air-insulated. Gas-insulated high-voltage switchgear (GIS) is a compact metal encapsulated switchgear consisting of high-voltage components such as circuit-breakers and disconnectors, which can be safely operated in confined spaces. The various components used include circuit breakers, relays, and others. The high voltage switchgear follows the IEC standard and ANSI standard that are used for transmission and distribution networks, manufacturing and processing, infrastructure, and transportation applications.

The high voltage switchgear market research report is one of a series of new reports from The Business Research Company that provides high voltage switchgear market statistics, including high voltage switchgear industry global market size, regional shares, competitors with a high voltage switchgear market share, detailed high voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the high voltage switchgear industry. This high voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global high voltage switchgear (above 36kv) market grew from $9.45 billion in 2021 to $10.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The high voltage switchgear market is expected to grow to $14.32 billion in 2026 at a CAGR of 8.8%.

The demand for electricity generation is projected to drive the high voltage switchgear market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, electricity demand is driving the demand for high voltage switchgear in the forecast period. For instance, according to IEA, a Paris-based autonomous intergovernmental organization, global electricity demand is expected to grow at 2.1% per year to 2040, twice the rate of primary energy demand.

Unstable prices of raw materials are restraining the high voltage switchgear market. Prices fluctuate due to the availability of low-quality materials at cheaper prices of high voltage switchgear. This arises the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of high voltage switchgear is expected to hinder the market growth. A survey was conducted by Manufacturers’ Outlook Survey, in 2019, among the switchgear manufacturing companies, across the globe. According to the survey, 79.8% of respondents consider the cost of raw materials as the top concern in the manufacturing of switchgear.

Electronic and telecommunication companies are increasing the implementation of mobile substations. Installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and are functionally designed to provide temporary power supplies as quickly as possible. In addition, these mobile substations incorporate generators, transformers, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, ABB Group, a Switzerland multinational corporation designed the mobile substation for the Italian railway network. Thereby, the use of mobile substations as per necessity energy generation is becoming the latest trend in the market.

In April 2019, Eaton Corporation, an Irish-based power management company acquired an 82.27% majority stake in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. Acquisition of Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S was aimed to strengthen Eaton Corporation in manufacturing of electrical equipment. Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S, a Turkey-based company, is in the manufacturing of switchgear, distribution transformers, substation kiosks, and medium-voltage cable connection systems.

Major players in the high voltage switchgear market are ABB Ltd., General Electric, Company Crompton Greaves Limited,  Fuji Electric, Hitachi, Hyosung Corporation, Mitsubishi Electric Corporation, Toshiba Electric Corporation, Siemens AG, and Eaton Corporation.

Asia Pacific was the largest region in the high voltage switchgear market in 2021. Western Europe was the second-largest region in the high voltage switchgear market. The regions covered in the high voltage switchgear market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the high voltage switchgear market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global high voltage switchgear market is segmented -

1) By Insulation  type: Gas Insulated,  Oil Insulated , Air Insulated

2) By Application:  Transmission And Distribution Network, Manufacturing & Processing,  Infrastructure & Transportation

3) By Product Standard: IEC Stardard, ANSI Standard

4) By Component: Circuit Breakers, Relays, Other

    Table Of Contents

    1. Executive Summary

    2. High Voltage Switchgear Market Characteristics

    3. High Voltage Switchgear Market Trends And Strategies

    4. High Voltage Switchgear Market – Macro Economic Scenario

    4.1 COVID-19 Impact On High Voltage Switchgear Market

    4.2 Ukraine-Russia War Impact On High Voltage Switchgear Market

    4.3 Impact Of High Inflation On High Voltage Switchgear Market

    5. High Voltage Switchgear Market Size And Growth

    5.1. Global High Voltage Switchgear Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global High Voltage Switchgear Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. High Voltage Switchgear Market Segmentation

    6.1. Global High Voltage Switchgear Market, Segmentation  By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Gas Insulated

     Oil Insulated  

    Air Insulated

    6.2. Global High Voltage Switchgear Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Transmission And Distribution Network

    Manufacturing & Processing

     Infrastructure & Transportation

    6.3. Global High Voltage Switchgear Market, Segmentation  By Product Standard, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    IEC Stardard

    ANSI Standard

    6.4. Global High Voltage Switchgear Market, Segmentation  By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Circuit Breakers

    Relays

    Other

    7. High Voltage Switchgear Market Regional And Country Analysis

    7.1. Global High Voltage Switchgear Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global High Voltage Switchgear Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific High Voltage Switchgear Market  

    8.1. Asia-Pacific High Voltage Switchgear Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China High Voltage Switchgear Market  

    9.1. China High Voltage Switchgear Market Overview  

    9.2. China High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India High Voltage Switchgear Market  

    10.1. India High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan High Voltage Switchgear Market  

    11.1. Japan High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia High Voltage Switchgear Market  

    12.1. Australia High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia High Voltage Switchgear Market  

    13.1. Indonesia High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea High Voltage Switchgear Market  

    14.1. South Korea High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe High Voltage Switchgear Market  

    15.1. Western Europe High Voltage Switchgear Market Overview

    15.2. Western Europe High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK High Voltage Switchgear Market  

    16.1. UK High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany High Voltage Switchgear Market  

    17.1. Germany High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France High Voltage Switchgear Market  

    18.3. France High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe High Voltage Switchgear Market  

    19.1. Eastern Europe High Voltage Switchgear Market Overview

    19.2. Eastern Europe High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia High Voltage Switchgear Market  

    20.1. Russia High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America High Voltage Switchgear Market  

    21.1. North America High Voltage Switchgear Market Overview

    21.2. North America High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA High Voltage Switchgear Market  

    22.1. USA High Voltage Switchgear Market Overview

    22.2. USA High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America High Voltage Switchgear Market  

    23.1. South America High Voltage Switchgear Market Overview

    23.2. South America High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil High Voltage Switchgear Market  

    24.1. Brazil High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East High Voltage Switchgear Market  

    25.1. Middle East High Voltage Switchgear Market Overview

    25.2. Middle East High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa High Voltage Switchgear Market  

    26.1. Africa High Voltage Switchgear Market Overview

    26.2. Africa High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. High Voltage Switchgear Market Competitive Landscape And Company Profiles

    27.1. High Voltage Switchgear Market Competitive Landscape

    27.2. High Voltage Switchgear Market Company Profiles

    27.2.1. ABB Ltd.,

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. General Electric

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Company Crompton Greaves Limited

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4.  Fuji Electric

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Hitachi

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The High Voltage Switchgear Market

    29. High Voltage Switchgear Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global High Voltage Switchgear Market, Segmentation  By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global High Voltage Switchgear Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global High Voltage Switchgear Market, Segmentation  By Product Standard, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global High Voltage Switchgear Market, Segmentation  By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global High Voltage Switchgear Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global High Voltage Switchgear Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: India, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Japan, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Australia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Indonesia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: South Korea, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Western Europe, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: UK, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Germany, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: France, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Eastern Europe, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Russia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: North America, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: USA, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: South America, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Brazil, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Middle East, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Africa, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: ABB Ltd., Financial Performance
  • Table 29: General Electric Financial Performance
  • Table 30: Company Crompton Greaves Limited Financial Performance
  • Table 31:  Fuji Electric Financial Performance
  • Table 32: Hitachi Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global High Voltage Switchgear Market, Segmentation  By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global High Voltage Switchgear Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global High Voltage Switchgear Market, Segmentation  By Product Standard, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global High Voltage Switchgear Market, Segmentation  By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global High Voltage Switchgear Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Global High Voltage Switchgear Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: Asia-Pacific, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: China, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: India, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Japan, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Australia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: Indonesia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: South Korea, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: Western Europe, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: UK, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: Germany, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: France, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Eastern Europe, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: Russia, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: North America, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: USA, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: South America, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Brazil, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Middle East, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Africa, High Voltage Switchgear Market, Segmentation By Insulation  type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 28: ABB Ltd., Financial Performance
  • Figure 29: General Electric Financial Performance
  • Figure 30: Company Crompton Greaves Limited Financial Performance
  • Figure 31:  Fuji Electric Financial Performance
  • Figure 32: Hitachi Financial Performance
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