Hybrid Switchgear Market

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.

Hybrid Switchgear Market aims to provide a comprehensive presentation of the global market for Hybrid Switchgear, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hybrid Switchgear. Hybrid Switchgear Market contains market size and forecasts of Hybrid Switchgear in global, including the following market information:

Global Hybrid Switchgear Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global Hybrid Switchgear Market Sales, 2018-2023, 2024-2032, (K Units)

Global top five Hybrid Switchgear companies in 2022 (%)

The global Hybrid Switchgear market was valued at US$ 10870 million in 2022 and is projected to reach US$ 22220 million by 2029, at a CAGR of 10.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hybrid Switchgear manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Hybrid Switchgear Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Hybrid Switchgear Market Segment Percentages, by Type, 2022 (%)

Below 70 KV

70 KV-250KV

Above 250KV

Global Hybrid Switchgear Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Hybrid Switchgear Market Segment Percentages, by Application, 2022 (%)

Commercial

Industrial

Others

Global Hybrid Switchgear Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global Hybrid Switchgear Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Hybrid Switchgear revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Hybrid Switchgear revenues share in global market, 2022 (%)

Key companies Hybrid Switchgear sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Hybrid Switchgear sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

ABB

GE

Mitsubishi Electric

Siemens

Toshiba

TGOOD

Shandong Taikai Power Engineering

Ningbo Tianan

Outline of Major Chapters:

Chapter 1: Introduces the definition of Hybrid Switchgear, market overview.

Chapter 2: Global Hybrid Switchgear market size in revenue and volume.

Chapter 3: Detailed analysis of Hybrid Switchgear manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Hybrid Switchgear in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: 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 8: Global Hybrid Switchgear capacity by region & country.

Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.