The Asia Pacific Switchgear Monitoring System Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).
The modernization of power distribution networks and the integration of renewable energy sources have led to increased complexity. Switchgear monitoring systems offer a solution to manage this complexity by providing visibility into the condition of critical components, aiding in the seamless integration of diverse energy sources. The growing need for continuous power supply and the need to limit the impact of power outages has increased the emphasis on grid reliability. Switchgear monitoring systems ensure power distribution reliability by proactively identifying faults, facilitating timely maintenance, and minimizing downtime. Integrating renewable energy sources into the power grid has gained popularity as the people shifts towards sustainable energy sources. Switchgear monitoring systems support the reliable operation of renewable energy plants by ensuring the proper functioning of switchgear components, thereby contributing to grid stability.
The adoption of switchgear monitoring systems has witnessed a significant boost with the integration of digital technologies and the Internet of Things (IoT). This convergence allows for real-time data collection, analysis, and remote monitoring, empowering operators to make informed decisions and respond promptly to potential issues. Asset management has emerged as a critical component in power distribution, and switchgear monitoring systems enable comprehensive asset monitoring. This includes tracking switchgear components' performance, lifespan, and maintenance requirements, ensuring optimal asset utilization.
The Asia Pacific region is experiencing rapid population growth, leading to increased urbanization. The Asia Pacific region has experienced notable economic expansion and industrialization, creating industrial zones and hubs for manufacturing within urban centers. All these factors will uplift the regional market’s expansion in the coming years.
The China market dominated the Asia Pacific Switchgear Monitoring System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $291.5 million by 2030. The Japan market is registering a CAGR of 7.6% during (2023 - 2030). Additionally, The India market would experience a CAGR of 9% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, and Software. Based on Voltage, the market is segmented into High & extra High Voltage, Medium Voltage, and Low Voltage. Based on Services, the market is segmented into Temperature Monitoring, Gas Monitoring, Partial Discharge Monitoring, and Others. Based on Type, the market is segmented into Gas Insulated, and Air Insulated. Based on End User, the market is segmented into Utilities, Industrial, Commercial, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Switchgear Monitoring System Market is Predict to reach $3.1 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Siemens Energy AG, ABB Group, Schneider Electric SE, Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, Emerson Electric Co., OSENSA Innovations Corp., Doble Engineering Company (Esco Technologies Inc.), IPEC Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Voltage
- High & extra High Voltage
- Medium Voltage
- Low Voltage
By Services
- Temperature Monitoring
- Gas Monitoring
- Partial Discharge Monitoring
- Others
By Type
- Gas Insulated
- Air Insulated
By End User
- Utilities
- Industrial
- Commercial
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens Energy AG
- ABB Group
- Schneider Electric SE
- Eaton Corporation PLC
- General Electric Company
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- OSENSA Innovations Corp.
- Doble Engineering Company (Esco Technologies Inc.)
- IPEC Ltd.
TABLE 1 Asia Pacific Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Hardware Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Hardware Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Software Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Software Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 11 Asia Pacific High & extra High Voltage Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific High & extra High Voltage Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Medium Voltage Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Medium Voltage Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Low Voltage Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Low Voltage Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Temperature Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Temperature Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Gas Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Gas Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Partial Discharge Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Partial Discharge Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Gas Insulated Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Gas Insulated Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Air Insulated Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Air Insulated Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Utilities Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Utilities Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Commercial Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Switchgear Monitoring System Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Switchgear Monitoring System Market by Country, 2023 - 2030, USD Million
TABLE 45 China Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 46 China Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 47 China Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 48 China Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 49 China Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 50 China Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 51 China Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 52 China Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 53 China Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 54 China Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 55 China Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 56 China Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 57 Japan Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 58 Japan Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 59 Japan Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 60 Japan Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 61 Japan Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 62 Japan Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 63 Japan Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 64 Japan Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 65 Japan Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 66 Japan Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 67 Japan Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 68 Japan Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 69 India Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 70 India Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 71 India Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 72 India Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 73 India Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 74 India Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 75 India Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 76 India Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 77 India Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 78 India Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 79 India Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 80 India Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 81 South Korea Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 82 South Korea Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 83 South Korea Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 84 South Korea Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 85 South Korea Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 86 South Korea Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 87 South Korea Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 88 South Korea Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 89 South Korea Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 90 South Korea Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 91 South Korea Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 92 South Korea Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 93 Singapore Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 94 Singapore Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 95 Singapore Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 96 Singapore Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 97 Singapore Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 98 Singapore Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 99 Singapore Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 100 Singapore Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 101 Singapore Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 102 Singapore Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 103 Singapore Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 104 Singapore Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 105 Malaysia Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 106 Malaysia Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 107 Malaysia Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 108 Malaysia Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 109 Malaysia Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 110 Malaysia Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 111 Malaysia Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 112 Malaysia Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 113 Malaysia Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 114 Malaysia Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 115 Malaysia Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 116 Malaysia Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 117 Rest of Asia Pacific Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 118 Rest of Asia Pacific Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 119 Rest of Asia Pacific Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 120 Rest of Asia Pacific Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 121 Rest of Asia Pacific Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 122 Rest of Asia Pacific Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 123 Rest of Asia Pacific Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 124 Rest of Asia Pacific Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 125 Rest of Asia Pacific Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 126 Rest of Asia Pacific Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 127 Rest of Asia Pacific Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 128 Rest of Asia Pacific Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 129 Key Information – Siemens Energy AG
TABLE 130 Key Information – ABB Group
TABLE 131 Key Information – Schneider Electric SE
TABLE 132 Key Information – Eaton Corporation PLC
TABLE 133 Key Information – General Electric Company
TABLE 134 Key Information – Mitsubishi Electric Corporation
TABLE 135 Key Information – Emerson Electric Co.
TABLE 136 Key Information – OSENSA Innovations Corp.
TABLE 137 Key Information – Doble Engineering Company
TABLE 138 Key Information – IPEC Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Switchgear Monitoring System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Switchgear Monitoring System Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis - Switchgear Monitoring System Market
FIG 6 Asia Pacific Switchgear Monitoring System Market Share by Component, 2022
FIG 7 Asia Pacific Switchgear Monitoring System Market Share by Component, 2030
FIG 8 Asia Pacific Switchgear Monitoring System Market by Component, 2019 - 2030, USD Million
FIG 9 Asia Pacific Switchgear Monitoring System Market Share by Voltage, 2022
FIG 10 Asia Pacific Switchgear Monitoring System Market Share by Voltage, 2030
FIG 11 Asia Pacific Switchgear Monitoring System Market by Voltage, 2019 - 2030, USD Million
FIG 12 Asia Pacific Switchgear Monitoring System Market Share by Services, 2022
FIG 13 Asia Pacific Switchgear Monitoring System Market Share by Services, 2030
FIG 14 Asia Pacific Switchgear Monitoring System Market by Services, 2019 - 2030, USD Million
FIG 15 Asia Pacific Switchgear Monitoring System Market Share by Type, 2022
FIG 16 Asia Pacific Switchgear Monitoring System Market Share by Type, 2030
FIG 17 Asia Pacific Switchgear Monitoring System Market by Type, 2019 - 2030, USD Million
FIG 18 Asia Pacific Switchgear Monitoring System Market Share by End User, 2022
FIG 19 Asia Pacific Switchgear Monitoring System Market Share by End User, 2030
FIG 20 Asia Pacific Switchgear Monitoring System Market by End User, 2019 - 2030, USD Million
FIG 21 Asia Pacific Switchgear Monitoring System Market Share by Country, 2022
FIG 22 Asia Pacific Switchgear Monitoring System Market Share by Country, 2030
FIG 23 Asia Pacific Switchgear Monitoring System Market by Country, 2019 - 2030, USD Million
FIG 24 SWOT Analysis: Siemens Energy AG
FIG 25 Recent strategies and developments: ABB Group
FIG 26 SWOT Analysis: ABB Group
FIG 27 Recent strategies and developments: Schneider Electric SE
FIG 28 SWOT Analysis: Schneider Electric SE
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: General electric (GE) Co.
FIG 31 SWOT Analysis: Mitsubishi Electric Corporation
FIG 32 Swot Analysis: EMERSON ELECTRIC CO.
FIG 33 Swot Analysis: OSENSA Innovations Corp.,
FIG 34 Swot Analysis: Doble Engineering Company