DC Switchgear Market
DC Switchgear Market Size, Share, and Trends Analysis Report, By Voltage (Up to 750 V, 1,800 V to 3,000 V, 3,000 V to 10 kV, Above 10 kV), Deployment Type (Fixed Mounting, Plug-In, and Withdrawable Units,), By Application (Railways, Power Generation, EV Charging Infrastructure, Marine, and Others), Forecast Period (2022-2028)
DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The rising demand for DC switchgear in power distribution in the electric utility transmission and distribution systems is the major factor accelerating the growth of the market. Switchgear is commonly found throughout electric utility transmission and distribution systems as well as in medium to large-sized commercial or industrial facilities. Across the globe, the government in major economies taking initiatives under which they are offering a package of support for innovative energy technologies that will power homes and businesses. For instance, in April 2022, the UK government launched a wide-ranging $434 million package of support for innovative energy technologies that will power British homes and businesses for decades to come and further strengthen the nation’s energy security. This includes £240 million to support the production of hydrogen as clean, low-cost energy technology, $2.9 million of funding to develop next-generation nuclear technology and a further $5.8 million towards research into carbon capture. This will increase the demand for DC switchgear in electric power plants across the country. Moreover, rising consumer inclination toward electric vehicles (EV) is anticipated to drive its demand, thereby fueling the need for EV charging infrastructure demand along with DC switchgear. The high cost of this switchgear poses a serious challenge to the growth of the market.
Segmental Outlook
The global DC switchgear market is segmented based on voltage, deployment type, and application. Based on voltage, the market is sub-segmented into Up to 750 V, 1,800 V to 3,000 V, 3,000 V to 10 kV, and Above 10 kV. Based on deployment type, the market is categorized into fixed mounting, plug-in, and withdrawable units. Among these, up to 750 V segment is expected to gain a high share. Advantages such as ease of installation and maintenance, high breaking capacity, and good protection performance associated with this DC switchgear make them ideal for medium to large-sized commercial or industrial facilities. Further based on application, the market is subdivided into railways, power generation, EV charging infrastructure, marine, and others.
Regional Outlook
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the North American region is expected to gain significant market share in the DC switchgear market during the forecast period. With increasing electricity demand, the government in the region is taking initiatives toward the replacement and up-gradation of existing distribution networks which is one of the major factors that has surged the demand for DC switchgear. Apart from these, the integration of smart low voltage control units in the residential sector has also boosted the market growth.
Global DC Switchgear Market Growth, By Region 2022-2028
Asia-Pacific is Anticipated to be the Fastest Growing in DC Switchgear Market
Geographically, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period. The regional growth is attributed to the factors such as increasing railway infrastructure development projects across the major economies of the region and government initiatives and investments in the electric vehicle infrastructure. Apart from these factors, the growing investments in the energy storage infrastructure due to rising renewable energy demand are further projected to escalate the integration of the DC switchgear electric grid.
Market Players Outlook
The major market players in the global DC switchgear market include Powell Industries Inc., Eaton Corp, ABB Ltd., Siemens AG, Toshiba Corp, Hitachi Energy Ltd., Toshiba Infrastructure Systems & Solutions Corp Fuji Electric Co., Havells India Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in July 2022, Siemens expanded its product offering with the launch of new, highly flexible molded case circuit breaker (MCCB) frame sizes for high current applications to perfectly address the needs of switchgear manufacturers and panel builders in an environment, characterized by increasing complexity, digitalization, and cost pressures.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global DC switchgear market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global DC Switchgear Market by Voltage
4.1.1. Up to 750 V
4.1.2. 1,800 V to 3,000 V
4.1.3. 3,000 V to 10 kV
4.1.4. Above 10 kV
4.2. Global DC Switchgear Market by Deployment Type
4.2.1. Fixed Mounting
4.2.2. Plug-In
4.2.3. Withdrawable Units
4.3. Global DC Switchgear Market by Application
4.3.1. Railways
4.3.2. Power Generation
4.3.3. EV Charging Infrastructure
4.3.4. Marine
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ABB, Ltd.
6.2. Brush Group
6.3. Chint Electric Co., Ltd.
6.4. DAQO Group
6.5. Eaton Corp.
6.6. ENTEC Electric & Electronic
6.7. FLOHE GmbH
6.8. General Electric Co.
6.9. Hitachi Energy, Ltd.
6.10. Industrial Electric Mfg.
6.11. KDM Steel
6.12. L&T Electrical & Automation
6.13. LS ELECTRIC Co., Ltd.
6.14. Mass-Tech Controls Pvt. Ltd.
6.15. Myers Power Products, Inc.
6.16. Ningbo Tianan (Group) Co., Ltd.
6.17. Noja Power Switchgear Pvt. Ltd.
6.18. PLUTON Rail Pty Ltd.
6.19. Powell Industries
6.20. Schaltbau GmbH
6.21. Schneider Electric SE
6.22. Sécheron
6.23. Siemens AG
6.24. Toshiba Infrastructure Systems & Solutions Corp.
1. GLOBAL DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
2. GLOBAL Up to 750 V DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL 1,800 V to 3,000 V DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL 3,000 V TO 10 KV DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL ABOVE 10 KV DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
7. GLOBAL FIXED MOUNTING DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PLUG-IN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL WITHDRAWABLE UNITS DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL DC SWITCHGEAR IN RAILWAYS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DC SWITCHGEAR IN POWER GENERATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DC SWITCHGEAR IN EV CHARGING INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DC SWITCHGEAR IN MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DC SWITCHGEAR IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
23. EUROPEAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL DC SWITCHGEAR MARKET SHARE BY VOLTAGE, 2021 VS 2028 (%)
2. GLOBAL DC SWITCHGEAR MARKET SHARE BY DEPLOYMENT TYPE, 2021 VS 2028 (%)
3. GLOBAL DC SWITCHGEAR MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
4. GLOBAL DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL Up to 750 V DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL 1,800 V to 3,000 V DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL 3,000 V TO 10 KV DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ABOVE 10 KV DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL FIXED MOUNTING DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL PLUG-IN DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL WITHDRAWABLE UNITS DC SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DC SWITCHGEAR IN RAILWAYS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DC SWITCHGEAR IN POWER GENERATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DC SWITCHGEAR IN EV CHARGING INFRASTRUCTURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DC SWITCHGEAR IN MARINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL DC SWITCHGEAR IN OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL DC SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
18. US DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
20. UK DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DC SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
