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市場調查報告書

開關設備市場增長,趨勢和預測(2020-2025)

Switchgear Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

出版商 Mordor Intelligence Pvt Ltd 商品編碼 965340
出版日期 內容資訊 英文 120 Pages
商品交期: 2-3個工作天內
價格
開關設備市場增長,趨勢和預測(2020-2025) Switchgear Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
出版日期: 2021年01月01日內容資訊: 英文 120 Pages
簡介

在預測期內(2020-2025年),全球開關設備市場預計將以7%的複合年增長率增長。快速的城市化進程和不斷增長的能源需求以促進新一代混合能源有望推動開關設備市場的發展。開關裝置基本上用於複雜的變電站,因為它們可以承受極端不穩定的環境條件下的工作電壓波動。新型工業結構的發展,包括用於安全可靠運行的發電廠,有望進一步刺激市場增長。

增加對開發可再生能源的投資以及有利的政府規範以支持新技術,有望推動行業發展。根據IEA的《 2019年世界能源投資報告》,2018年全球能源投資超過1.8萬億美元,增加了上游石油,天然氣和煤炭供應的支出,但以化石燃料為基礎的發電。可再生能源支出減少了。

使用陸上和海上風能,太陽能和水力資源的散裝發電廠有望看到對新的輸配電線路的需求不斷增加,這將影響開關設備市場。根據IEA的《 2019年海上風能展望》,2010年該領域的投資低於80億美元,但去年接近200億美元。此外,國際能源機構(IEA)預測,到2040年,對海上風電的投資將達到1萬億美元,這將使全球發電能力提高15倍。

老化的基礎設施升級有望進一步推動市場增長。例如,到2028年,歐洲約65吉瓦的陸上風力渦輪機將達到其設計壽命。為了延長使用壽命而進行的設備升級將推動開關設備市場。

推動開關設備市場增長的另一個因素是對基礎設施的日益關注,這導致全球範圍內的建築活動增加。在美國,加拿大和歐盟等發達國家,建築業已將重點放在現有基礎設施上,但在中國和印度等新興國家,建築業也在增長。

然而,與開關設備市場相關的嚴格的環境和安全法規是製約因素。開關設備市場的無組織部門中日益激烈的競爭可以抑制開關設備市場。高壓直流輸電網絡和未來的智慧城市也有望為開關設備市場帶來機遇。

此外,全球市場正在見證各種創新。伊頓宣佈推出一款由兩部分組成的低壓開關設備。在2019年7月,該公司收購了Innovative Switchgear Solution Inc.通過此次收購,伊頓已朝著擴大其中壓電氣設備產品系列邁出了一步。此外,阿爾斯通已開始在奧地利安裝HYpact開關裝置。

由於原材料和製成品的主要供應商在亞太地區受到了嚴重影響,預計COVID-19爆發將嚴重影響開關設備市場。該行業面臨著產量下降,供應鏈中斷和價格波動的問題。該部門還受到該地區電力部門的日冕病毒的影響。對商品和服務的需求以及供應商的現金流量已大大減少。

該報告調查了開關設備市場,並提供了該市場的概述,以及按類型,最終用戶,區域和進入市場的公司概況的趨勢。

目錄

第1章簡介

第2章調查方法

第3章執行摘要

第4章市場洞察

  • 市場概況
  • 波特的五力分析
  • 評估COVID-19對開關設備市場的影響

第5章市場動態

  • 市場動態簡介
  • 市場驅動力
    • 智能電網基礎設施的增長
    • 越來越重視基礎設施和可再生能源
  • 市場限制
    • 嚴格的環境和安全法規
    • 加劇與無組織部門的競爭

第6章技術快照

第7章市場細分

  • 按類型
    • 電壓
    • 絕緣
    • 設置
  • 最終用戶行業
    • 商業
    • 房屋
    • 行業
  • 按地區
    • 北美
    • 歐洲
    • 亞太地區
    • 拉丁美洲
    • 中東/非洲

第8章競爭情況

  • 公司簡介
    • ABB Ltd.
    • Havells India Ltd.
    • Mitsubishi Electric Corporation
    • Schneider Electric
    • Siemens AG
    • Eaton Corporation
    • Toshiba International Corporation
    • Meidensha Corporation
    • Hitachi, Ltd.
    • Crompton Greaves Power and Industrial Solutions Limited
    • Powell Industries
    • Fuji Electric Co., Ltd.

第9章投資分析

第10章市場機會和未來趨勢

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目錄
Product Code: 66430

The global switchgear market is expected to register a CAGR of 7% during the forecast period (2021 - 2026). The rising energy demand to encourage rapid urbanization and the new generation mix is expected to propel the switchgear market. Switchgear equipment is fundamentally used in the complex electrical substations to withstand fluctuating operating voltage in highly volatile environmental conditions. The development of new industrial structures, including powerplants for safe and reliable operations, is further estimated to stimulate the growth of the market.

  • Increasing investments to develop renewable energy and favorable norms of the governments to support the new technology, are anticipated to foster the industry landscape. According to IEA's World Energy Investment Report 2019, the global energy investment stabilized at over USD 1.8 trillion in 2018, with more spending in upstream oil and gas and coal supply, offset by lower spending fossil-fuel-based generation and renewable power.
  • Bulk power generation plants using onshore and offshore wind, solar, and hydro sources are set to increase the need for new transmission and distribution lines, which would affect the switchgear market. According to the IEA's Offshore Wind Outlook 2019, investment in the sector last year neared USD 20 billion, compared to under USD 8 billion in 2010. Further, the agency predicts that offshore wind investments would reach USD 1 trillion by 2040, with global capacity set for a 15-fold increase.
  • The upgradation of the aging infrastructure is further anticipated to power the growth of the market. For instance, around 65 gigawatts of European onshore wind turbines will reach end-of-design-life by 2028. The upgradation of equipment concerning extending the life span would drive the market for switchgear.
  • Another factor fueling the switchgear market growth is the rising construction activities worldwide, owing to the increasing focus on infrastructure. The construction industry is witnessing growth in the emerging economies, including China and India, apart from the advanced economies, like the United States, Canada, and countries in the European Union (EU), which are already focusing on their existing infrastructure.
  • However, stringent environmental and safety regulations related to the switchgear market are restraining factors. The increasing rivalry from the unorganized sector of the switchgear market is likely to restrain the switchgear market. Also, HVDC transmission networks and upcoming smart cities can lead to opportunities in the switchgear market.
  • Moreover, the market is witnessing various innovations globally. Eaton introduced an LV switchgear designed in two parts. In July 2019, the company acquired Innovative Switchgear Solution Inc. Through this acquisition, Eaton laid a step forward to expand its product portfolio of medium-voltage electrical equipment. Further, Alstom has debuted the installation of HYpact switchgear equipment in Austria.
  • The switchgear market is expected to be impacted significantly by the COVID-19 outbreak as the major suppliers of raw materials and finished products have been hugely impacted in Asia-Pacific. The industry is facing a reduction in production, disruption in the supply chain, and price fluctuations. The sector is also affected by the impact of coronavirus on the power sector of the region. Demand for goods and services and cash flow of vendors have considerably reduced.

Key Market Trends

Gas Insulated Switchgear Hold Significant Market Share

  • The Gas Insulated Switchgear (GIS) is expected to hold the maximum share in the global switchgear market. Gas-insulated switchgear (GIS) is a metal encapsulated switchgear which consists of high-voltage components such as circuit-breakers and disconnectors. A GIS is majorly used in confined spaces, such as in city buildings, office spaces, offshore platforms, extensions, on roofs, etc.
  • Growing standards to control the overall carbon emissions, coupled with rising awareness among consumers to adopt renewable energy generation like solar, are anticipated to accelerate switchgear usage. As compared to Air Insulated Switchgear (AIS), they are more environment-friendly, reliable, and flexible. Also, the installation time and maintenance cost required for GIS is less than that of AIS. The major applications of GIS are power transmission, integration of renewable power generation units to the grid, and railways.
  • The major factor driving the growth is the rising energy demand and extension/replacement of old switchgear at sub-stations that can drive the switchgear market's gas-insulated switchgear equipment. Due to its space optimization, low maintenance, and protection against external elements, the demand for gas insulated switchgear is expected to rise.
  • Major companies providing GIS are continuously developing and innovating by making investments. For instance, in February 2019, ABB has recently powered Africa's most significant gas-insulated switchgear installation. This Gas-insulated electrical substation is expected to strengthen power reliability in Johannesburg.

Asia-Pacific Dominates the Market

  • The Asia-Pacific market is expected to drive the global switchgear market during the forecast period. The significant factors contributing to the dominance in this region are the upgradation of the aging electrical grid infrastructure and increasing electricity demand in the region.
  • The booming infrastructure development for renewable energy sources, growing market for grid modernization, and replacement of old installations, along with capacity enhancements, are some of the major factors stimulating the growth.
  • The increasing electricity demand, due to rising population, economic expansion, urbanization, industrialization, and rural electrification projects, is leading the market demand for switchgear. The power generation capacity in India has grown at a rate of over 10% in the past few years, while the transmission and distribution networks have witnessed moderate growth. This has translated into a growing demand for robust power system equipment, such as switchgear, in the country, which helps protect against situations of overload, short circuit, insulation failure, etc.
  • The robust infrastructure development, including smart cities, and various schemes launched by the government in the past, like Make in India, Digital India, Integrated Power Development Scheme, and Atal Mission for Rejuvenation and Urban Transformation, among others, have significantly contributed to the market growth.
  • Further, in the 2019-2020 budget, India announced the "One Nation, One Grid" initiative to bring affordable power to all states. Such initiatives are anticipated to increase the investments in infrastructure for utilities in the region, thereby supporting the growth of the market studied.
  • The market studied in the region is anticipated to benefit from the significant ongoing investments to develop smart grid architecture in China. For instance, State Grid Corporation of China, a state-owned utility company, has deployed 452MWh of grid-connected FTM pilot projects that were supported by government research grants. Further, China Southern Power Grid plans to step up investments in smart grid construction in the Pearl River Delta region, to improve clean energy installation in the upcoming years.

Competitive Landscape

The global switchgear market appears to be fragmented owing to the presence of several established and regional switchgear manufacturers and is quite competitive. The vendors are constantly innovating new solutions to maintain their market share. Some of the key developments in the market are:

  • In April 2020 - ABB expanded its UniGear medium-voltage switchgear portfolio by introducing UniGear ZS1 63 kA, which further strengthens the portfolio. It can be used for demanding applications, like power stations and steel, oil and gas, and chemical plants.
  • In Jan 2020 - Siemens AG acquired New Delhi-based switchgear and power equipment major, C&S Electric Limited, for around INR 2,100 crore (approximately EUR 267 million). The acquisition comprises the Indian operations of C&S Electric's low-voltage switchgear components and panels, low and medium voltage power busbars, and protection and metering devices businesses.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Force Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitute Products
  • 4.3 Assessment of Impact of COVID-19 on the Switchgear Market

5 MARKET DYNAMICS

  • 5.1 Introduction to Market Dynamics
  • 5.2 Market Drivers
    • 5.2.1 Growth of Smart Electricity Grid Infrastructure
    • 5.2.2 Growing Focus on Infrastructure and Renewable Energy Sources
  • 5.3 Market Restraints
    • 5.3.1 Stringent Environmental and Safety Regulations
    • 5.3.2 Increasing Competition from the Unorganized Sectors

6 TECHNOLOGY SNAPSHOT

7 MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Voltage
      • 7.1.1.1 Low-Voltage
      • 7.1.1.2 Medium-Voltage
      • 7.1.1.3 High-Voltage
    • 7.1.2 Insulation
      • 7.1.2.1 Gas Insulated Switchgear (GIS)
      • 7.1.2.2 Air Insulated Switchgear (AIS)
      • 7.1.2.3 Other Insulation Types
    • 7.1.3 Installation
      • 7.1.3.1 Indoor
      • 7.1.3.2 Outdoor
  • 7.2 By End-user Industry
    • 7.2.1 Commercial
    • 7.2.2 Residential
    • 7.2.3 Industrial
  • 7.3 Geography
    • 7.3.1 North America
    • 7.3.2 Europe
    • 7.3.3 Asia-Pacific
    • 7.3.4 Latin America
    • 7.3.5 Middle-East & Africa

8 COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 ABB Ltd.
    • 8.1.2 Havells India Ltd.
    • 8.1.3 Mitsubishi Electric Corporation
    • 8.1.4 Schneider Electric
    • 8.1.5 Siemens AG
    • 8.1.6 Eaton Corporation
    • 8.1.7 Toshiba International Corporation
    • 8.1.8 Meidensha Corporation
    • 8.1.9 Hitachi, Ltd.
    • 8.1.10 Crompton Greaves Power and Industrial Solutions Limited
    • 8.1.11 Powell Industries
    • 8.1.12 Fuji Electric Co., Ltd.

9 INVESTMENT ANALYSIS

10 MARKET OPPORTUNITIES AND FUTURE TRENDS