North America Switchgear Monitoring System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Voltage, By Services, By Type (Gas Insulated, and Air Insulated), By End User, By Country and Growth Forecast, 2023 - 2030

The North America Switchgear Monitoring System Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).

Industries across sectors are increasingly recognizing the role of switchgear monitoring systems in enhancing operational efficiency. The ability to remotely monitor and control switchgear components and real-time data analytics allows for quick decision-making, reducing response times and improving overall system performance. The environmental impact of power distribution failures, such as oil spills from transformer failures, has heightened awareness regarding the importance of preventive measures. Switchgear monitoring systems contribute to environmental sustainability by helping prevent such incidents through early fault detection and timely maintenance.

Switchgear monitoring systems provide real-time condition monitoring of critical components such as circuit breakers, relays, and disconnect switches. Operators can facilitate proactive maintenance by constantly tracking the health and performance of these components to detect any irregularities, potential defects, or signs of wear. Rapid detection and diagnosis of faults in switchgear components are essential for preventing electrical failures and minimizing downtime. Switchgear monitoring systems employ advanced sensors and analytics to detect abnormalities, pinpoint the location of faults, and provide detailed diagnostic information to maintenance teams.

Canada is engaged in grid modernization efforts to upgrade its aging electrical infrastructure. Canada has been integrating renewable energy sources, like wind and solar power, into the grid. The industrial sector in Canada is expanding, leading to increased demand for reliable electrical infrastructure. Due to the above-mentioned factors, the switchgear monitoring system market will grow significantly in this region.

The US market dominated the North America Switchgear Monitoring System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $602.8 million by 2030. The Canada market is experiencing a CAGR of 10.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.4% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The 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

• Hardware
• Software

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

• US
• Canada
• Mexico
• Rest of North America

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.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Switchgear Monitoring System Market, by Component
1.4.2 North America Switchgear Monitoring System Market, by Voltage
1.4.3 North America Switchgear Monitoring System Market, by Services
1.4.4 North America Switchgear Monitoring System Market, by Type
1.4.5 North America Switchgear Monitoring System Market, by End User
1.4.6 North America Switchgear Monitoring System Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Switchgear Monitoring System Market
4.3 Porter’s Five Forces Analysis

Chapter 5. North America Switchgear Monitoring System Market by Component
5.1 North America Hardware Market by Region
5.2 North America Software Market by Region

Chapter 6. North America Switchgear Monitoring System Market by Voltage
6.1 North America High & extra High Voltage Market by Country
6.2 North America Medium Voltage Market by Country
6.3 North America Low Voltage Market by Country

Chapter 7. North America Switchgear Monitoring System Market by Services
7.1 North America Temperature Monitoring Market by Country
7.2 North America Gas Monitoring Market by Country
7.3 North America Partial Discharge Monitoring Market by Country
7.4 North America Others Market by Country

Chapter 8. North America Switchgear Monitoring System Market by Type
8.1 North America Gas Insulated Market by Country
8.2 North America Air Insulated Market by Country

Chapter 9. North America Switchgear Monitoring System Market by End User
9.1 North America Utilities Market by Country
9.2 North America Industrial Market by Country
9.3 North America Commercial Market by Country
9.4 North America Others Market by Country

Chapter 10. North America Switchgear Monitoring System Market by Country
10.1 US Switchgear Monitoring System Market
10.1.1 US Switchgear Monitoring System Market by Component
10.1.2 US Switchgear Monitoring System Market by Voltage
10.1.3 US Switchgear Monitoring System Market by Services
10.1.4 US Switchgear Monitoring System Market by Type
10.1.5 US Switchgear Monitoring System Market by End User
10.2 Canada Switchgear Monitoring System Market
10.2.1 Canada Switchgear Monitoring System Market by Component
10.2.2 Canada Switchgear Monitoring System Market by Voltage
10.2.3 Canada Switchgear Monitoring System Market by Services
10.2.4 Canada Switchgear Monitoring System Market by Type
10.2.5 Canada Switchgear Monitoring System Market by End User
10.3 Mexico Switchgear Monitoring System Market
10.3.1 Mexico Switchgear Monitoring System Market by Component
10.3.2 Mexico Switchgear Monitoring System Market by Voltage
10.3.3 Mexico Switchgear Monitoring System Market by Services
10.3.4 Mexico Switchgear Monitoring System Market by Type
10.3.5 Mexico Switchgear Monitoring System Market by End User
10.4 Rest of North America Switchgear Monitoring System Market
10.4.1 Rest of North America Switchgear Monitoring System Market by Component
10.4.2 Rest of North America Switchgear Monitoring System Market by Voltage
10.4.3 Rest of North America Switchgear Monitoring System Market by Services
10.4.4 Rest of North America Switchgear Monitoring System Market by Type
10.4.5 Rest of North America Switchgear Monitoring System Market by End User

Chapter 11. Company Profiles
11.1 Siemens Energy AG
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 ABB Group
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.5.2 Geographical Expansions:
11.2.6 SWOT Analysis
11.3 Schneider Electric SE
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Eaton Corporation PLC
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 General Electric Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Mitsubishi Electric Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.6 SWOT Analysis
11.7 Emerson Electric Co.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 SWOT Analysis
11.8 OSENSA Innovations Corp.
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 Doble Engineering Company (ESCO Technologies Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. IPEC Ltd.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Geographical Expansions:

TABLE 1 North America Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 2 North America Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 3 North America Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 4 North America Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Hardware Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Hardware Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Software Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Software Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 10 North America Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 11 North America High & extra High Voltage Market by Country, 2019 - 2022, USD Million
TABLE 12 North America High & extra High Voltage Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Medium Voltage Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Medium Voltage Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Low Voltage Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Low Voltage Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 18 North America Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 19 North America Temperature Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Temperature Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Gas Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Gas Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Partial Discharge Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Partial Discharge Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 28 North America Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 29 North America Gas Insulated Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Gas Insulated Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Air Insulated Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Air Insulated Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 34 North America Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 35 North America Utilities Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Utilities Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Switchgear Monitoring System Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Switchgear Monitoring System Market by Country, 2023 - 2030, USD Million
TABLE 45 US Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 46 US Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 47 US Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 48 US Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 49 US Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 50 US Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 51 US Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 52 US Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 53 US Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 54 US Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 55 US Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 56 US Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 57 Canada Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 58 Canada Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 59 Canada Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 60 Canada Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 61 Canada Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 62 Canada Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 63 Canada Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 64 Canada Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 65 Canada Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 66 Canada Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 67 Canada Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 68 Canada Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 69 Mexico Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 70 Mexico Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 71 Mexico Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 72 Mexico Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 73 Mexico Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 74 Mexico Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 75 Mexico Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 76 Mexico Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 77 Mexico Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 78 Mexico Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 79 Mexico Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 80 Mexico Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 81 Rest of North America Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 82 Rest of North America Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 83 Rest of North America Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 84 Rest of North America Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 85 Rest of North America Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 86 Rest of North America Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 87 Rest of North America Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 88 Rest of North America Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 89 Rest of North America Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 90 Rest of North America Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 91 Rest of North America Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 92 Rest of North America Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 93 Key Information – Siemens Energy AG
TABLE 94 Key Information – ABB Group
TABLE 95 Key Information – Schneider Electric SE
TABLE 96 Key Information – Eaton Corporation PLC
TABLE 97 Key Information – General Electric Company
TABLE 98 Key Information – Mitsubishi Electric Corporation
TABLE 99 Key Information – Emerson Electric Co.
TABLE 100 Key Information – OSENSA Innovations Corp.
TABLE 101 Key Information – Doble Engineering Company
TABLE 102 Key Information – IPEC Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Switchgear Monitoring System Market Share by Component, 2022
FIG 7 North America Switchgear Monitoring System Market Share by Component, 2030
FIG 8 North America Switchgear Monitoring System Market by Component, 2019 - 2030, USD Million
FIG 9 North America Switchgear Monitoring System Market Share by Voltage, 2022
FIG 10 North America Switchgear Monitoring System Market Share by Voltage, 2030
FIG 11 North America Switchgear Monitoring System Market by Voltage, 2019 - 2030, USD Million
FIG 12 North America Switchgear Monitoring System Market Share by Services, 2022
FIG 13 North America Switchgear Monitoring System Market Share by Services, 2030
FIG 14 North America Switchgear Monitoring System Market by Services, 2019 - 2030, USD Million
FIG 15 North America Switchgear Monitoring System Market Share by Type, 2022
FIG 16 North America Switchgear Monitoring System Market Share by Type, 2030
FIG 17 North America Switchgear Monitoring System Market by Type, 2019 - 2030, USD Million
FIG 18 North America Switchgear Monitoring System Market Share by End User, 2022
FIG 19 North America Switchgear Monitoring System Market Share by End User, 2030
FIG 20 North America Switchgear Monitoring System Market by End User, 2019 - 2030, USD Million
FIG 21 North America Switchgear Monitoring System Market Share by Country, 2022
FIG 22 North America Switchgear Monitoring System Market Share by Country, 2030
FIG 23 North America 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