Switchgears are segmented as per the arc-quenching medium that is used within the equipment. Various types of arc-quenching medium include air, SF6 gas, and oil. With the emergence of hybrid switchgear technology in the late 1990s, the equipment incorporated two different technologies in its operation. One was the use of gas for arc quenching purpose, while air-insulation technology was adopted for bus bars to be connected to other equipment present in a high-voltage sub-station. The target is to maximize the advantages of these two existing technologies and enhance the overall operation and performance of the equipment and the connected components within the grid network.
The benefits such as enhanced substation performance and space savings are primary growth factors for this market. Substations play a major role in catering to the demands of the end-user. The majority of existing substations have functioned beyond their operational lives and the replacement of the conventional air-insulated switchgear (AIS) components such as disconnectors and circuit-breakers is not economical. This will lead to the development of innovative switchgears with the functions of gas insulated substation (GIS) and integrated with dead tank circuit breakers. Moreover, the increased adoption of the plug and switch system (PASS) that is driven by the privatization of the electric power industry across the globe, will also fuel the growth of the market.
APAC was the major revenue contributor to the hybrid switchgear market during 2017. Owing to the growth in the electricity consuming sectors in many major countries such as China and India, the region has a constant high demand for electricity. An increase in private participation in the power transmission and distribution market that will result in higher investments in transmission and distribution networks in countries such as China, India, Pakistan, Australia, and Thailand and government initiatives for the expansion of transmission networks to improve the existing infrastructure in countries such as China and India, will propel the market’s growth prospects.
The Hybrid Switchgear market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hybrid Switchgear.
This report presents the worldwide Hybrid Switchgear market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ABB
GE
Mitsubishi Electric
Siemens
Toshiba
TGOOD
Shandong Taikai Power Engineering
Ningbo Tianan
Hybrid Switchgear Breakdown Data by Type
Below 70 KV
70 KV-250KV
Above 250KV
Hybrid Switchgear Breakdown Data by Application
Commercial
Industrial
Others
Hybrid Switchgear Production by Region
United States
Europe
China
Japan
Other Regions
Hybrid Switchgear Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hybrid Switchgear status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Hybrid Switchgear manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Hybrid Switchgear :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hybrid Switchgear market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Hybrid Switchgear . Industry analysis & Market Report on Hybrid Switchgear is a syndicated market report, published as Global Hybrid Switchgear Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Hybrid Switchgear market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.