
North America 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
Description
North America 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 North America Switchgear Monitoring System Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).
Industries across sectors are increasingly recognizing the role of switchgear monitoring systems in enhancing operational efficiency. The ability to remotely monitor and control switchgear components and real-time data analytics allows for quick decision-making, reducing response times and improving overall system performance. The environmental impact of power distribution failures, such as oil spills from transformer failures, has heightened awareness regarding the importance of preventive measures. Switchgear monitoring systems contribute to environmental sustainability by helping prevent such incidents through early fault detection and timely maintenance.
Switchgear monitoring systems provide real-time condition monitoring of critical components such as circuit breakers, relays, and disconnect switches. Operators can facilitate proactive maintenance by constantly tracking the health and performance of these components to detect any irregularities, potential defects, or signs of wear. Rapid detection and diagnosis of faults in switchgear components are essential for preventing electrical failures and minimizing downtime. Switchgear monitoring systems employ advanced sensors and analytics to detect abnormalities, pinpoint the location of faults, and provide detailed diagnostic information to maintenance teams.
Canada is engaged in grid modernization efforts to upgrade its aging electrical infrastructure. Canada has been integrating renewable energy sources, like wind and solar power, into the grid. The industrial sector in Canada is expanding, leading to increased demand for reliable electrical infrastructure. Due to the above-mentioned factors, the switchgear monitoring system market will grow significantly in this region.
The US market dominated the North America Switchgear Monitoring System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $602.8 million by 2030. The Canada market is experiencing a CAGR of 10.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.4% 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 U.S., Mexico, Canada, and Rest of North America.
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:022
By Component
- Hardware
- Software
- High & extra High Voltage
- Medium Voltage
- Low Voltage
- Temperature Monitoring
- Gas Monitoring
- Partial Discharge Monitoring
- Others
- Gas Insulated
- Air Insulated
- Utilities
- Industrial
- Commercial
- Others
- US
- Canada
- Mexico
- Rest of North America
- 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.
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Table of Contents
136 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Switchgear Monitoring System Market, by Component
- 1.4.2 North America Switchgear Monitoring System Market, by Voltage
- 1.4.3 North America Switchgear Monitoring System Market, by Services
- 1.4.4 North America Switchgear Monitoring System Market, by Type
- 1.4.5 North America Switchgear Monitoring System Market, by End User
- 1.4.6 North America 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. North America Switchgear Monitoring System Market by Component
- 5.1 North America Hardware Market by Region
- 5.2 North America Software Market by Region
- Chapter 6. North America Switchgear Monitoring System Market by Voltage
- 6.1 North America High & extra High Voltage Market by Country
- 6.2 North America Medium Voltage Market by Country
- 6.3 North America Low Voltage Market by Country
- Chapter 7. North America Switchgear Monitoring System Market by Services
- 7.1 North America Temperature Monitoring Market by Country
- 7.2 North America Gas Monitoring Market by Country
- 7.3 North America Partial Discharge Monitoring Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Switchgear Monitoring System Market by Type
- 8.1 North America Gas Insulated Market by Country
- 8.2 North America Air Insulated Market by Country
- Chapter 9. North America Switchgear Monitoring System Market by End User
- 9.1 North America Utilities Market by Country
- 9.2 North America Industrial Market by Country
- 9.3 North America Commercial Market by Country
- 9.4 North America Others Market by Country
- Chapter 10. North America Switchgear Monitoring System Market by Country
- 10.1 US Switchgear Monitoring System Market
- 10.1.1 US Switchgear Monitoring System Market by Component
- 10.1.2 US Switchgear Monitoring System Market by Voltage
- 10.1.3 US Switchgear Monitoring System Market by Services
- 10.1.4 US Switchgear Monitoring System Market by Type
- 10.1.5 US Switchgear Monitoring System Market by End User
- 10.2 Canada Switchgear Monitoring System Market
- 10.2.1 Canada Switchgear Monitoring System Market by Component
- 10.2.2 Canada Switchgear Monitoring System Market by Voltage
- 10.2.3 Canada Switchgear Monitoring System Market by Services
- 10.2.4 Canada Switchgear Monitoring System Market by Type
- 10.2.5 Canada Switchgear Monitoring System Market by End User
- 10.3 Mexico Switchgear Monitoring System Market
- 10.3.1 Mexico Switchgear Monitoring System Market by Component
- 10.3.2 Mexico Switchgear Monitoring System Market by Voltage
- 10.3.3 Mexico Switchgear Monitoring System Market by Services
- 10.3.4 Mexico Switchgear Monitoring System Market by Type
- 10.3.5 Mexico Switchgear Monitoring System Market by End User
- 10.4 Rest of North America Switchgear Monitoring System Market
- 10.4.1 Rest of North America Switchgear Monitoring System Market by Component
- 10.4.2 Rest of North America Switchgear Monitoring System Market by Voltage
- 10.4.3 Rest of North America Switchgear Monitoring System Market by Services
- 10.4.4 Rest of North America Switchgear Monitoring System Market by Type
- 10.4.5 Rest of North America 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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