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Europe Switchgear Monitoring System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Voltage, By Services, By Type (Gas Insulated, and Air Insulated), By End User, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Jan 05, 2024
Length 153 Pages
SKU # KBV18413669

Description

Europe Switchgear Monitoring System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Voltage, By Services, By Type (Gas Insulated, and Air Insulated), By End User, By Country and Growth Forecast, 2023 - 2030


The Europe Switchgear Monitoring System Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030).

Switchgear monitoring systems use predictive analytics to assess the condition of components and predict when maintenance is required. This approach allows organizations to move from reactive to proactive maintenance strategies, reducing the likelihood of unexpected failures and optimizing maintenance schedules. Switchgear monitoring systems assist in monitoring electrical loads and balancing power distribution across different components. This ensures that no single component is overloaded, preventing overheating, and reducing the risk of equipment failure. These systems maintain comprehensive event logs, recording faults, alarms, and maintenance activities. Event logging facilitates post-incident analysis, compliance reporting, and documentation of system performance over time.

Switchgear monitoring systems often integrate with supervisory control and data acquisition (SCADA) systems. This integration enhances the overall visibility and control of the power distribution network, allowing for seamless communication and coordination with other devices and systems. Switchgear monitoring systems contribute to energy efficiency by providing insights into power consumption patterns and the performance of electrical components. Operators can identify areas for enhancement, adopt energy-saving measures, and optimize the system's overall energy efficiency. Furthermore, industries with high power consumption, such as manufacturing plants and refineries, deploy switchgear monitoring systems to manage and monitor electrical distribution within their facilities. These systems minimize downtime, improve operational efficiency, and ensure equipment and personnel safety.

The commercial sector in France is increasingly focused on energy efficiency and sustainability. A large commercial complex in Paris implements switchgear monitoring to optimize power usage, contributing to energy efficiency goals, and lowering operational costs. Switchgear monitoring systems support automated industrial processes, offering real-time insights and predictive maintenance and ensuring the reliability of electrical systems in smart manufacturing environments in France. The factors mentioned above will drive the regional market growth.

The Germany market dominated the Europe Switchgear Monitoring System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $196.4 million by 2030. The UK market is exhibiting a CAGR of 6.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.5% during (2023 - 2030).

Based on Component, the market is segmented into Hardware, and Software. Based on Voltage, the market is segmented into High & extra High Voltage, Medium Voltage, and Low Voltage. Based on Services, the market is segmented into Temperature Monitoring, Gas Monitoring, Partial Discharge Monitoring, and Others. Based on Type, the market is segmented into Gas Insulated, and Air Insulated. Based on End User, the market is segmented into Utilities, Industrial, Commercial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Siemens Energy AG, ABB Group, Schneider Electric SE, Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, Emerson Electric Co., OSENSA Innovations Corp., Doble Engineering Company (Esco Technologies Inc.), IPEC Ltd.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Hardware
  • Software
By Voltage
  • High & extra High Voltage
  • Medium Voltage
  • Low Voltage
By Services
  • Temperature Monitoring
  • Gas Monitoring
  • Partial Discharge Monitoring
  • Others
By Type
  • Gas Insulated
  • Air Insulated
By End User
  • Utilities
  • Industrial
  • Commercial
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Siemens Energy AG
  • ABB Group
  • Schneider Electric SE
  • Eaton Corporation PLC
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • OSENSA Innovations Corp.
  • Doble Engineering Company (Esco Technologies Inc.)
  • IPEC Ltd.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

153 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Switchgear Monitoring System Market, by Component
1.4.2 Europe Switchgear Monitoring System Market, by Voltage
1.4.3 Europe Switchgear Monitoring System Market, by Services
1.4.4 Europe Switchgear Monitoring System Market, by Type
1.4.5 Europe Switchgear Monitoring System Market, by End User
1.4.6 Europe Switchgear Monitoring System Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Switchgear Monitoring System Market
4.3 Porter’s Five Forces Analysis
Chapter 5. Europe Switchgear Monitoring System Market by Component
5.1 Europe Hardware Market by Country
5.2 Europe Software Market by Country
Chapter 6. Europe Switchgear Monitoring System Market by Voltage
6.1 Europe High & extra High Voltage Market by Country
6.2 Europe Medium Voltage Market by Country
6.3 Europe Low Voltage Market by Country
Chapter 7. Europe Switchgear Monitoring System Market by Services
7.1 Europe Temperature Monitoring Market by Country
7.2 Europe Gas Monitoring Market by Country
7.3 Europe Partial Discharge Monitoring Market by Country
7.4 Europe Others Market by Country
Chapter 8. Europe Switchgear Monitoring System Market by Type
8.1 Europe Gas Insulated Market by Country
8.2 Europe Air Insulated Market by Country
Chapter 9. Europe Switchgear Monitoring System Market by End User
9.1 Europe Utilities Market by Country
9.2 Europe Industrial Market by Country
9.3 Europe Commercial Market by Country
9.4 Europe Others Market by Country
Chapter 10. Europe Switchgear Monitoring System Market by Country
10.1 Germany Switchgear Monitoring System Market
10.1.1 Germany Switchgear Monitoring System Market by Component
10.1.2 Germany Switchgear Monitoring System Market by Voltage
10.1.3 Germany Switchgear Monitoring System Market by Services
10.1.4 Germany Switchgear Monitoring System Market by Type
10.1.5 Germany Switchgear Monitoring System Market by End User
10.2 UK Switchgear Monitoring System Market
10.2.1 UK Switchgear Monitoring System Market by Component
10.2.2 UK Switchgear Monitoring System Market by Voltage
10.2.3 UK Switchgear Monitoring System Market by Services
10.2.4 UK Switchgear Monitoring System Market by Type
10.2.5 UK Switchgear Monitoring System Market by End User
10.3 France Switchgear Monitoring System Market
10.3.1 France Switchgear Monitoring System Market by Component
10.3.2 France Switchgear Monitoring System Market by Voltage
10.3.3 France Switchgear Monitoring System Market by Services
10.3.4 France Switchgear Monitoring System Market by Type
10.3.5 France Switchgear Monitoring System Market by End User
10.4 Russia Switchgear Monitoring System Market
10.4.1 Russia Switchgear Monitoring System Market by Component
10.4.2 Russia Switchgear Monitoring System Market by Voltage
10.4.3 Russia Switchgear Monitoring System Market by Services
10.4.4 Russia Switchgear Monitoring System Market by Type
10.4.5 Russia Switchgear Monitoring System Market by End User
10.5 Spain Switchgear Monitoring System Market
10.5.1 Spain Switchgear Monitoring System Market by Component
10.5.2 Spain Switchgear Monitoring System Market by Voltage
10.5.3 Spain Switchgear Monitoring System Market by Services
10.5.4 Spain Switchgear Monitoring System Market by Type
10.5.5 Spain Switchgear Monitoring System Market by End User
10.6 Italy Switchgear Monitoring System Market
10.6.1 Italy Switchgear Monitoring System Market by Component
10.6.2 Italy Switchgear Monitoring System Market by Voltage
10.6.3 Italy Switchgear Monitoring System Market by Services
10.6.4 Italy Switchgear Monitoring System Market by Type
10.6.5 Italy Switchgear Monitoring System Market by End User
10.7 Rest of Europe Switchgear Monitoring System Market
10.7.1 Rest of Europe Switchgear Monitoring System Market by Component
10.7.2 Rest of Europe Switchgear Monitoring System Market by Voltage
10.7.3 Rest of Europe Switchgear Monitoring System Market by Services
10.7.4 Rest of Europe Switchgear Monitoring System Market by Type
10.7.5 Rest of Europe Switchgear Monitoring System Market by End User
Chapter 11. Company Profiles
11.1 Siemens Energy AG
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 ABB Group
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.5.2 Geographical Expansions:
11.2.6 SWOT Analysis
11.3 Schneider Electric SE
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Eaton Corporation PLC
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 General Electric Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Mitsubishi Electric Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.6 SWOT Analysis
11.7 Emerson Electric Co.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 SWOT Analysis
11.8 OSENSA Innovations Corp.
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 Doble Engineering Company (ESCO Technologies Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. IPEC Ltd.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Geographical Expansions:

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