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North America Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Insulation, By Voltage Type (Low Voltage, Medium Voltage, and High Voltage), By End-use, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Sep 30, 2023
Length 151 Pages
SKU # KBV18279731

Description

North America Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Insulation, By Voltage Type (Low Voltage, Medium Voltage, and High Voltage), By End-use, By Country and Growth Forecast, 2023 - 2030


The North America Switchgear Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8,565 thousand units, showcasing a growth of 5.4% (2019-2022).

The market is expanding swiftly due to infrastructure and manufacturing facilities improvements. One of the most significant drivers of the business is smart switchgear, which is crucial in the distribution of electricity to industry and residential areas. Implementing smart power distribution devices like smart switchgear ensures increased performance, power continuity, and resource optimization while reducing transmission, operational, and maintenance costs. Future-proof, versatile, and energy-efficient new smart switchgear. They provide solutions for updates and upgrades with no downtime. These technologies are anticipated to grow substantially and provide expansion opportunities.

The increasing urbanization and industrial development rate in many regions, particularly emerging economies, drove the electricity demand. This, in turn, boosted the demand to ensure efficient and reliable electrical distribution. The growing popularity of renewable energy sources, like wind and solar power, required the development of innovative switchgear to manage the variability and integration challenges associated with these energy sources. Many countries have invested in smart grid infrastructure, which relies heavily on advanced switchgear technologies. Smart grids require intelligent switchgear to monitor, control, and optimize electricity distribution. The electrification of transportation, including electric vehicles (EVs) is increasing. This trend drives the need for charging infrastructure, which relies on switchgear components.

North America boasts many renewable energy resources, including solar, wind, hydroelectric, geothermal, and biomass. These resources vary by region, with some areas having better conditions for specific types of renewable energy generation. Wind and solar power have seen substantial growth across the continent. The United States and Canada have experienced a surge in wind and solar installations, with Mexico also making notable strides. States like California, Texas, and Iowa are leaders in wind and solar energy production. The growing adoption of renewable energy sources in North America is driving significant changes in the market.

The US market dominated the North America Switchgear Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $30,804.6 million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).

Based on Installation, the market is segmented into Outdoor, and Indoor. Based on Insulation, the market is segmented into Vacuum, Air, and Oil & Gas. Based on Voltage Type, the market is segmented into Low Voltage, Medium Voltage, and High Voltage. Based on End-use, the market is segmented into Transmission & Distribution (T & D) Utilities, Commercial & Residential, and Industrial. 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 ABB Ltd., Alstom SA, Bharat Heavy Electricals Ltd., Eaton Corporation PLC, General Electric Company, Legrand Group, Hitachi, Ltd., Crompton Greaves Consumer Electricals Limited., Larsen & Toubro Limited, Mitsubishi Electric Corporation

Scope of the Study

Market Segments covered in the Report:

By Installation (Volume, Thousand Units, USD Million, 2019-2030)
  • Outdoor
  • Indoor
By Insulation (Volume, Thousand Units, USD Million, 2019-2030)
  • Vacuum
  • Air
  • Oil & Gas
By Voltage Type (Volume, Thousand Units, USD Million, 2019-2030)
  • Low Voltage
  • Medium Voltage
  • High Voltage
By End-use (Volume, Thousand Units, USD Million, 2019-2030)
  • Transmission & Distribution (T & D) Utilities
  • Commercial & Residential
  • Industrial
By Country (Volume, Thousand Units, USD Million, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • ABB Ltd.
  • Alstom SA
  • Bharat Heavy Electricals Ltd.
  • Eaton Corporation PLC
  • General Electric Company
  • Legrand Group
  • Hitachi, Ltd.
  • Crompton Greaves Consumer Electricals Limited.
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
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

151 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 Market, by Installation
1.4.2 North America Switchgear Market, by Insulation
1.4.3 North America Switchgear Market, by Voltage Type
1.4.4 North America Switchgear Market, by End-use
1.4.5 North America Switchgear 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 Market
4.3 Porter Five Forces Analysis
Chapter 5. North America Switchgear Market by Installation
5.1 North America Outdoor Market by Country
5.2 North America Indoor Market by Country
Chapter 6. North America Switchgear Market by Insulation
6.1 North America Vacuum Market by Country
6.2 North America Air Market by Country
6.3 North America Oil & Gas Market by Country
Chapter 7. North America Switchgear Market by Voltage Type
7.1 North America Low Voltage Market by Country
7.2 North America Medium Voltage Market by Country
7.3 North America High Voltage Market by Country
Chapter 8. North America Switchgear Market by End-use
8.1 North America Transmission & Distribution (T & D) Utilities Market by Country
8.2 North America Commercial & Residential Market by Country
8.3 North America Industrial Market by Country
Chapter 9. North America Switchgear Market by Country
9.1 US Switchgear Market
9.1.1 US Switchgear Market by Installation
9.1.2 US Switchgear Market by Insulation
9.1.3 US Switchgear Market by Voltage Type
9.1.4 US Switchgear Market by End-use
9.2 Canada Switchgear Market
9.2.1 Canada Switchgear Market by Installation
9.2.2 Canada Switchgear Market by Insulation
9.2.3 Canada Switchgear Market by Voltage Type
9.2.4 Canada Switchgear Market by End-use
9.3 Mexico Switchgear Market
9.3.1 Mexico Switchgear Market by Installation
9.3.2 Mexico Switchgear Market by Insulation
9.3.3 Mexico Switchgear Market by Voltage Type
9.3.4 Mexico Switchgear Market by End-use
9.4 Rest of North America Switchgear Market
9.4.1 Rest of North America Switchgear Market by Installation
9.4.2 Rest of North America Switchgear Market by Insulation
9.4.3 Rest of North America Switchgear Market by Voltage Type
9.4.4 Rest of North America Switchgear Market by End-use
Chapter 10. Company Profiles
10.1 ABB Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Geographical Expansions:
10.1.6 SWOT Analysis
10.2 Alstom SA
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Bharat Heavy Electricals Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.6 SWOT Analysis
10.4 Eaton Corporation PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 General Electric Company
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Legrand Group
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expense
10.6.5 SWOT Analysis
10.7 Hitachi, Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Crompton Greaves Consumer Electricals Limited.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 Larsen & Toubro Limited.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Mitsubishi Electric Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis

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