North America MV Switchgear Market Size By Voltage (3 kV to 9 kV, > 9 kV to 15 kV, > 15 kV to 21 kV, > 21 kV to 27 kV, > 27 kV to 33 kV, > 33 kV), By Rated Current (< 500 A, 500 to 1500 A, 1500 to 2500 A, 2500 to 3500 A, > 3500 A) By Component (Circuit Breakers, Contactors, Switches & Disconnector, Fuses, Others), By Installation (Indoor, Outdoor), By Insulation (Air, Gas, Oil, Vacuum, Others), By Enclosure (Metal {Indoor, Outdoor}, Non Metal {Outdoor}), By End-Use (Power Stations, Transformer Substations, Local Electricity Supply, Others), By Application (Residential, Commercial {Healthcare, Hospitality, Offices, Retail, Education, Others}, Industrial {Power, Oil & Gas, Railways, Arc furnace, Manufacturing & Processing Industries, Others}, Utility) Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI4438  |  Authors: Ankit Gupta, Riya Gupta

Report Format: PDF   |   Pages: 329   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

North America MV Switchgear Market size was valued at over USD 6 billion in 2018 and annual deployment is predicted to exceed 2 million units by 2025.
 

North America MV Switchgear Market

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An electrical switchgear is a centralized collection of fuses, switches and circuit breakers (circuit protection devices) that protect, isolate and control electrical equipment. These circuit protection components are encased in metal structures. A collection of these structures is called an assembly or line up. These units have quick response time, having safe & reliable operations with costs ranging from USD 2,500 to over USD 11,000 depending on the rated current, voltage, enclosure and application. The study features a detailed analysis of industry trends across North America segmented on a country basis across residential, commercial, industrial and utility applications. Moreover, the market forecasts & estimates are in line with data represented by authorities including the IEA, NEMA, DOE, government regulatory bodies and, company press releases.
 

North America MV Switchgear Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 6.6 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 8.9% 2025 Value Projection: 9.6 Billion (USD)
Pages: 329 Tables, Charts & Figures: 542
Geographies covered (3): U.S., Canada, Mexico
Segments covered: Voltage, Component, Installation, Insulation, Rated Current, Insulation, Enclosure, End Use, Application
Companies covered (13): ABB, Siemens, GE, Mitsubishi, Schneider, Ormazabal, Crompton Greaves, Chint Group, Eaton, Hyosung, Lucy Electric, Powell and Toshiba.
Growth Drivers:
  • Stringent energy efficiency reforms
  • Expansion of smart grid networks
  • Refurbishment & retrofit of existing grid infrastructure
Pitfalls & Challenges:
  • High initial cost

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Large-scale commercial development & retrofitting of small-scale industries driving the installation of North America MV switchgear industry size

U.S. MV Switchgear Market Statistics, By Voltage, 2018 (USD Million)
U.S. MV Switchgear Market Statistics, By Voltage, 2018 (USD Million)

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Voltage rating acts as a standard industry protocol for the installation of MV switchgear units across large-scale industries, residential peripherals, and utilities. The 9 kV to 15 kV switchgear in the current industry scenario have gained substantial development on account of large-scale commercial establishment and refurbishment of small-scale industries across the region. Aesthetic proximity and flexible product specifications are the prime factors influencing the North America MV switchgear market growth.
 

Demand for energy efficient T&D systems driving the installation of MV switchgear units

Effective corrosion resistance, lower cost, and ease-of-installation have been the prime factors driving the adoption of these units. Furthermore, developed economies have continuously been focusing on the deployment of underground electrical networks to avoid ecological damage from overhead lines. In addition, electricity lines emit waves, which pose health hazards to the habitats across the network and degrades the aesthetic quality of the environment. Henceforth, favorable utility inclination supported by huge ecological advantages associated will positively influence the enclosed and effective North America medium voltage switchgear industry growth.
 

Increasing demand for cross border electricity transmission network will drive the industry potential

Canada MV Switchgear Market Share, By Installation, 2025 (Units)
Canada MV Switchgear Market Share, By Installation, 2025 (Units)

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Effective corrosion resistance, lower cost, and ease-of-installation have been the prime factors driving the adoption of medium and high current switchgears. In addition, developed economies have continuously been focusing on the deployment of cross border transmission networks which will further strengthen the switchgear industry demand. However, high-current electricity lines emanate waves, which pose health hazards to the habitats across the infrastructure. Henceforth, favorable utility inclination supported by huge ecological advantages associated will escalate the industry growth.
 

Versatile product specifications including di electric properties will complement the business potential

Air insulation is among the earliest technologies developed across the transmission & distribution control systems including switchgears, circuit breakers and ring main units. In context to improved insulating property, cost competitive and compact product specifications, auxiliary insulation technologies have surpassed the market penetration when compared to air insulation. The technique on account of lower insulating and di-electric properties when compared to its competitive counterparts is estimated to witness moderate growth across the forecast timeline.
 

Diverse applicability across transformer substation & power stations have driven the market for non-metal enclosed switchgear units

Non-metal enclosed units will witness moderate growth on account of economical installation cost, diverse applicability across power stations and transformer substation where switchgears are placed outdoor to reduce the risk of fire disasters. The outdoor units are large in size and are installed at a moderate distance so that any damage to the switchgear assembly will not impact the devices inside its peripheral. Power generation plants or large-scale manufacturing industries where high voltage lines are deployed, and the system is prone to unknown fire outbreaks boost the demand for outdoor medium voltage units.
 

Adoption of stringent energy efficiency norms to curb GHG emissions is set to thrust the industry share

Increasing emphasis toward the incorporation of wide-ranging frequency transmission networks coupled with growing concern for energy efficiency will complement the deployment of mv switchgear units across power stations. Rising demand for safe & reliable power supply systems along with stringent regulatory energy efficiency norms to curb GHG emissions will further boost the business outlook. Increasing investments by private and governmental organizations across the region toward electrification programs will foster the growth of the North America MV switchgear market share.
 

Favorable government schemes towards rural electrification across North America will stimulate the product demand

Utility aided distribution grid infrastructure have ever since been positively swayed by regulatory and government regulations pertaining to electric infrastructure deployment. Positive government directives toward rural electrification & the adoption of decentralized micro-grid infrastructure across grid isolated areas have stimulated the product demand. Furthermore, integration of sustainable energy infrastructure favored by flow of funds from local regulatory authorities and institutions including the world bank, IFC, and similar organizations across the region will positively sway the North America MV switchgear market demand.
 

Prominent industry participants operating across the North America MV switchgear market comprise of ABB, General Electric, Siemens, Schneider Electric, Crompton Greaves, Mitsubishi Electric Corporation, Eaton, Hyosung, Ormazabal, Chint Group, Powell Industries, Toshiba amongst others.
 

North America MV switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2014 to 2025, for the following segments:

By Voltage

  • 3 kV to 9 kV
  • > 9 kV to 15 kV
  • > 15 kV to 21 kV
  • > 21 kV to 27 kV
  • > 27 kV to 33 kV
  • > 33 kV

By Rated Current

  • < 500 A
  • 500 A to 1500 A
  • 1500 A to 2500 A
  • 2500 A to 3500 A
  • > 3500 A

By Component

  • Circuit Breakers
  • Contactors
  • Switches & Disconnector
  • Fuses
  • Others

By Installation

  • Indoor
  • Outdoor

By Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Others

By Enclosure

  • Metal Enclosed
    • Indoor
    • Outdoor
  • Non Metal Enclosed
    • Outdoor

By End Use

  • Power stations
  • Transformer substations
  • Local electricity supply
  • Others

By Application

  • Residential
  • Commercial
    • Healthcare
    • Hospitality
    • Offices
    • Retail
    • Education
    • Others
  • Industrial
    • Power
    • Oil & Gas
    • Railways
    • Arc furnace
    • Manufacturing & Processing Industries
    • Others
  • Utility

The above information has been provided for the following country:

  • North America
    • U.S.
    • Canada
    • Mexico
       

Frequently Asked Questions (FAQ) :

The North American industry for MV switchgear will achieve over 5.5% CAGR from 2019 to 2025, as estimated by GMI.
Stringent energy efficiency reforms towards the development of existing transmission & distribution infrastructure will fuel the North American industry demand.
ABB, General Electric, Siemens, Schneider Electric, Crompton Greaves, Mitsubishi Electric Corporation, Eaton, Hyosung, Ormazabal, Chint Group, Powell Industries and Toshiba are the leading players operating in the NA market.

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