Learn about the global high voltage switchgear market through The Business Research Company, which provides information on high voltage switchgear market size, high voltage switchgear market drivers and restraints, high voltage switchgear market players, the COVID 19 impact on the high voltage switchgear market, and more.

The global high voltage switchgear market size is expected to grow from $9.45 billion in 2021 to $10.61 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID 19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The high voltage switchgear market is expected to reach $16.61 billion in 2026 at a CAGR of 11.9%.

The demand for electricity generation is projected to drive the high voltage switchgear market.

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The High Voltage Switchgear market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of high voltage switchgear. The market also consists of high voltage switchgear that are electrical equipment used in an electrical path to deal with voltage above 36kV and are designed to perform some operations such as control, regulate, and switch on/off as needed in electric circuit.

Global High Voltage Switchgear Market Segments Include:

By Insulation Type: Gas Insulated, Oil Insulated, Air Insulated

By Application: Transmission and Distribution Network, Manufacturing and Processing, Infrastructure and Transportation

By Product Standard: IEC Standard, ANSI Standard

By Component: Circuit Breakers, Relays, Other

By Geography: The market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the high voltage switchgear market in 2021.

Electronic and Telecommunication companies are increasing the implementation of mobile substations. Installation of mobile substations enables to restore electricity under outdoor conditions or in unforeseen circumstances and are functionally designed to provide temporary power supplies as quickly as possible. In addition, these mobile substations incorporate generator, transformer, metal clad switchgear, outdoor load break switches and breakers, which is used for network extensions, and temporary switching stations.

TBRC’s high voltage switchgear market report covers:

Major Market Players: ABB Ltd., General Electric, Company Crompton Greaves Limited, Fuji Electric, Hitachi, Hyosung Corporation, Mitsubishi Electric Corporation, Toshiba Electric Corporation, Siemens AG, and Eaton Corporation.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016 21) and ten years forecast (2022 2026 2031)

The High Voltage Switchgear Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022 2026 is one of a series of new reports from The Business Research Company that provides high voltage switchgear market overviews, analyzes and forecasts market size, share, high voltage switchgear market players, high voltage switchgear market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s high voltage switchgear market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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