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Hybrid Switchgear-Global Market Insights and Sales Trends 2024
Synopsis
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 global Hybrid Switchgear market size is expected to reach US$ 22440 million by 2029, growing at a CAGR of 11.2% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid Switchgear in various end use industries. The expanding demands from the Commercial, Industrial and Others,, are propelling Hybrid Switchgear market. Below 70 KV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 70 KV-250KV segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid Switchgear covered in this report include ABB, GE, Mitsubishi Electric, Siemens, Toshiba, TGOOD, Shandong Taikai Power Engineering and Ningbo Tianan, etc.
The global Hybrid Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
GE
Mitsubishi Electric
Siemens
Toshiba
TGOOD
Shandong Taikai Power Engineering
Ningbo Tianan
Global Hybrid Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid Switchgear market, Segment by Type:
Below 70 KV
70 KV-250KV
Above 250KV
Global Hybrid Switchgear market, by Application
Commercial
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 global Hybrid Switchgear market size is expected to reach US$ 22440 million by 2029, growing at a CAGR of 11.2% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid Switchgear in various end use industries. The expanding demands from the Commercial, Industrial and Others,, are propelling Hybrid Switchgear market. Below 70 KV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 70 KV-250KV segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid Switchgear covered in this report include ABB, GE, Mitsubishi Electric, Siemens, Toshiba, TGOOD, Shandong Taikai Power Engineering and Ningbo Tianan, etc.
The global Hybrid Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
GE
Mitsubishi Electric
Siemens
Toshiba
TGOOD
Shandong Taikai Power Engineering
Ningbo Tianan
Global Hybrid Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid Switchgear market, Segment by Type:
Below 70 KV
70 KV-250KV
Above 250KV
Global Hybrid Switchgear market, by Application
Commercial
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Hybrid Switchgear Market Overview
1.1 Hybrid Switchgear Product Overview
1.2 Hybrid Switchgear Market Segment by Type
1.2.1 Below 70 KV
1.2.2 70 KV-250KV
1.2.3 Above 250KV
1.3 Global Hybrid Switchgear Market Size by Type
1.3.1 Global Hybrid Switchgear Market Size Overview by Type (2018-2029)
1.3.2 Global Hybrid Switchgear Historic Market Size Review by Type (2018-2023)
1.3.3 Global Hybrid Switchgear Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Hybrid Switchgear Sales Breakdown by Type (2018-2023)
1.4.2 Europe Hybrid Switchgear Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Hybrid Switchgear Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Hybrid Switchgear Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Hybrid Switchgear Sales Breakdown by Type (2018-2023)
2 Global Hybrid Switchgear Market Competition by Company
2.1 Global Top Players by Hybrid Switchgear Sales (2018-2023)
2.2 Global Top Players by Hybrid Switchgear Revenue (2018-2023)
2.3 Global Top Players by Hybrid Switchgear Price (2018-2023)
2.4 Global Top Manufacturers Hybrid Switchgear Manufacturing Base Distribution, Sales Area, Product Type
2.5 Hybrid Switchgear Market Competitive Situation and Trends
2.5.1 Hybrid Switchgear Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Hybrid Switchgear Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Hybrid Switchgear as of 2022)
2.7 Date of Key Manufacturers Enter into Hybrid Switchgear Market
2.8 Key Manufacturers Hybrid Switchgear Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Hybrid Switchgear Status and Outlook by Region
3.1 Global Hybrid Switchgear Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Hybrid Switchgear Historic Market Size by Region
3.2.1 Global Hybrid Switchgear Sales in Volume by Region (2018-2023)
3.2.2 Global Hybrid Switchgear Sales in Value by Region (2018-2023)
3.2.3 Global Hybrid Switchgear Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Hybrid Switchgear Forecasted Market Size by Region
3.3.1 Global Hybrid Switchgear Sales in Volume by Region (2024-2029)
3.3.2 Global Hybrid Switchgear Sales in Value by Region (2024-2029)
3.3.3 Global Hybrid Switchgear Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Hybrid Switchgear by Application
4.1 Hybrid Switchgear Market Segment by Application
4.1.1 Commercial
4.1.2 Industrial
4.1.3 Others
4.2 Global Hybrid Switchgear Market Size by Application
4.2.1 Global Hybrid Switchgear Market Size Overview by Application (2018-2029)
4.2.2 Global Hybrid Switchgear Historic Market Size Review by Application (2018-2023)
4.2.3 Global Hybrid Switchgear Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Hybrid Switchgear Sales Breakdown by Application (2018-2023)
4.3.2 Europe Hybrid Switchgear Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Hybrid Switchgear Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Hybrid Switchgear Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Hybrid Switchgear Sales Breakdown by Application (2018-2023)
5 North America Hybrid Switchgear by Country
5.1 North America Hybrid Switchgear Historic Market Size by Country
5.1.1 North America Hybrid Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Hybrid Switchgear Sales in Volume by Country (2018-2023)
5.1.3 North America Hybrid Switchgear Sales in Value by Country (2018-2023)
5.2 North America Hybrid Switchgear Forecasted Market Size by Country
5.2.1 North America Hybrid Switchgear Sales in Volume by Country (2024-2029)
5.2.2 North America Hybrid Switchgear Sales in Value by Country (2024-2029)
6 Europe Hybrid Switchgear by Country
6.1 Europe Hybrid Switchgear Historic Market Size by Country
6.1.1 Europe Hybrid Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Hybrid Switchgear Sales in Volume by Country (2018-2023)
6.1.3 Europe Hybrid Switchgear Sales in Value by Country (2018-2023)
6.2 Europe Hybrid Switchgear Forecasted Market Size by Country
6.2.1 Europe Hybrid Switchgear Sales in Volume by Country (2024-2029)
6.2.2 Europe Hybrid Switchgear Sales in Value by Country (2024-2029)
7 Asia-Pacific Hybrid Switchgear by Region
7.1 Asia-Pacific Hybrid Switchgear Historic Market Size by Region
7.1.1 Asia-Pacific Hybrid Switchgear Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Hybrid Switchgear Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Hybrid Switchgear Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Hybrid Switchgear Forecasted Market Size by Region
7.2.1 Asia-Pacific Hybrid Switchgear Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Hybrid Switchgear Sales in Value by Region (2024-2029)
8 Latin America Hybrid Switchgear by Country
8.1 Latin America Hybrid Switchgear Historic Market Size by Country
8.1.1 Latin America Hybrid Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Hybrid Switchgear Sales in Volume by Country (2018-2023)
8.1.3 Latin America Hybrid Switchgear Sales in Value by Country (2018-2023)
8.2 Latin America Hybrid Switchgear Forecasted Market Size by Country
8.2.1 Latin America Hybrid Switchgear Sales in Volume by Country (2024-2029)
8.2.2 Latin America Hybrid Switchgear Sales in Value by Country (2024-2029)
9 Middle East and Africa Hybrid Switchgear by Country
9.1 Middle East and Africa Hybrid Switchgear Historic Market Size by Country
9.1.1 Middle East and Africa Hybrid Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Hybrid Switchgear Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Hybrid Switchgear Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Hybrid Switchgear Forecasted Market Size by Country
9.2.1 Middle East and Africa Hybrid Switchgear Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Hybrid Switchgear Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Hybrid Switchgear Products Offered
10.1.5 ABB Recent Development
10.2 GE
10.2.1 GE Company Information
10.2.2 GE Introduction and Business Overview
10.2.3 GE Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Hybrid Switchgear Products Offered
10.2.5 GE Recent Development
10.3 Mitsubishi Electric
10.3.1 Mitsubishi Electric Company Information
10.3.2 Mitsubishi Electric Introduction and Business Overview
10.3.3 Mitsubishi Electric Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Electric Hybrid Switchgear Products Offered
10.3.5 Mitsubishi Electric Recent Development
10.4 Siemens
10.4.1 Siemens Company Information
10.4.2 Siemens Introduction and Business Overview
10.4.3 Siemens Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Siemens Hybrid Switchgear Products Offered
10.4.5 Siemens Recent Development
10.5 Toshiba
10.5.1 Toshiba Company Information
10.5.2 Toshiba Introduction and Business Overview
10.5.3 Toshiba Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Toshiba Hybrid Switchgear Products Offered
10.5.5 Toshiba Recent Development
10.6 TGOOD
10.6.1 TGOOD Company Information
10.6.2 TGOOD Introduction and Business Overview
10.6.3 TGOOD Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.6.4 TGOOD Hybrid Switchgear Products Offered
10.6.5 TGOOD Recent Development
10.7 Shandong Taikai Power Engineering
10.7.1 Shandong Taikai Power Engineering Company Information
10.7.2 Shandong Taikai Power Engineering Introduction and Business Overview
10.7.3 Shandong Taikai Power Engineering Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shandong Taikai Power Engineering Hybrid Switchgear Products Offered
10.7.5 Shandong Taikai Power Engineering Recent Development
10.8 Ningbo Tianan
10.8.1 Ningbo Tianan Company Information
10.8.2 Ningbo Tianan Introduction and Business Overview
10.8.3 Ningbo Tianan Hybrid Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ningbo Tianan Hybrid Switchgear Products Offered
10.8.5 Ningbo Tianan Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Hybrid Switchgear Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Hybrid Switchgear Industrial Chain Analysis
11.4 Hybrid Switchgear Market Dynamics
11.4.1 Hybrid Switchgear Industry Trends
11.4.2 Hybrid Switchgear Market Drivers
11.4.3 Hybrid Switchgear Market Challenges
11.4.4 Hybrid Switchgear Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Hybrid Switchgear Distributors
12.3 Hybrid Switchgear Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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