Residential Switchgear Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented By Insulation (Gas-insulated Switchgears, Air-insulated Switchgears and Others), By Installation (Indoor and Outdoor), By Voltage (Low, Medium and High), By Region, By Competition Forecast & Opportunities, 2018-2028 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Power | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationResidential Switchgear Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented By Insulation (Gas-insulated Switchgears, Air-insulated Switchgears and Others), By Installation (Indoor and Outdoor), By Voltage (Low, Medium and High), By Region, By Competition Forecast & Opportunities, 2018-2028 2018-2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 19.38 billion |
| CAGR (2023-2028) | 5.86% |
| Fastest Growing Segment | Indoor |
| Largest Market | Asia Pacific |
Market Overview
Key Market Drivers
Increasing Demand for Electricity and Infrastructure Development
Stringent Regulations and Safety Standards
Expansion of Renewable Energy Integration
Key Market Challenges
Technological Advancements and Digitalization
Environmental and Sustainability Regulations
Economic Uncertainty and Market Volatility
Key Market Trends
Smart Grid Integration and Digitalization
Sustainable and Eco-Friendly Solutions
Segmental Insights
Insulation Insights
Regional Insights
Recent Developments
- In April 2023, Siemens expanded its sustainable blue GIS portfolio by
introducing the 8DAB 40. This switchgear, designed for primary distribution
networks up to 40.5 kV, employs clean air as an insulating medium with a
GWP<1. As a result, it is not only environmentally friendly but also
completely free of fluorinated gases.
- In February 2023, Toshiba Transmission & Distribution Systems
Private Limited (TTDI) announced the receipt of orders for 23 units of 400 kV
and nine units of 220 kV gas-insulated switchgear. These orders aim to enhance
and develop power transmission and distribution networks, including the
construction of a 2X500 MVA substation in Xeldem, Goa, and pooling substations
for solar and wind renewable projects in Alamuru and Kodamuru, operating at 400
kV voltage levels.
Key Market Players
- ABB Ltd
- Havells India Ltd.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Eaton Corporation
- Toshiba International Corporation
- Meidensha Corporation
- Hitachi Ltd
- Crompton Greaves Power and Industrial
Solutions Limited
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By Insulation |
By Installation |
By Voltage |
By Region |
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