USA 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, Outlook and Forecast, 2023 - 2030

The USA Switchgear Monitoring System Market size is expected to reach $602.8 million by 2030, rising at a market growth of 7.2% CAGR during the forecast period.

The switchgear monitoring system market in the United States has witnessed significant growth in recent years, driven by the increasing demand for reliable and efficient electrical distribution networks. One of the key drivers of the switchgear monitoring system market in the U.S. is the rising emphasis on grid modernization and the integration of smart technologies. As the country continues to upgrade its aging electrical infrastructure, there is a growing need for advanced monitoring solutions to enhance the performance and reliability of switchgear equipment.

The increasing focus on renewable energy sources, such as solar and wind power, has also contributed to the growth of the switchgear monitoring system market. Integrating these intermittent energy sources into the grid requires sophisticated monitoring and control systems to manage the variability and ensure a stable power supply.

Market Trends

Growing demand for reliable and continuous electricity generation

The switchgear monitoring system market in the United States is experiencing a surge in demand due to the growing need for reliable and continuous electricity generation. As the nation increasingly relies on a diverse energy mix, incorporating renewable sources such as wind and solar, effective switchgear monitoring becomes paramount. One of the key drivers for the escalating demand is the expanding integration of smart grids and advanced energy infrastructure across the U.S. These modern grids require sophisticated switchgear monitoring systems to ensure the seamless flow of electricity, minimize downtime, and prevent disruptions in power supply. With the rising adoption of renewable energy sources, the intermittent nature of wind and solar power makes it imperative to have robust switchgear monitoring to manage fluctuations and maintain grid stability.

Moreover, the aging power infrastructure in the U.S. has led to an increased focus on upgrading and retrofitting existing systems. As utilities and energy providers invest in modernizing their electrical grids, the demand for advanced switchgear monitoring solutions has grown significantly. These systems play a crucial role in preventing equipment failures, reducing maintenance costs, and enhancing the overall reliability of the power distribution network.

According to the U.S. Energy Information Administration in 2022, the United States witnessed a net electricity generation of approximately 4,243 billion kilowatt-hours (kWh), equivalent to 4.24 trillion kWh, from utility-scale generators. Additionally, an estimated 58.51 billion kWh (or approximately 0.06 trillion kWh) was generated through small-scale solar photovoltaic (PV) systems. Within the same year's U.S. utility-scale electricity generation landscape, fossil fuels (comprising coal, natural gas, and petroleum) accounted for roughly 60%, nuclear energy contributed around 18%, and renewable energy sources constituted approximately 22% of the total generation.

Examining the switchgear monitoring system market in the U.S., the electricity generation scenario for 2022 reveals a diverse landscape with a significant share still attributed to fossil fuels, albeit with a notable presence of nuclear and renewable energy sources. The switchgear monitoring system market is influenced by this dynamic mix of energy sources, emphasizing the need for robust monitoring solutions to ensure efficient and reliable performance across the evolving energy infrastructure Thus, the surge in demand for switchgear monitoring systems in the U.S. is driven by the imperative for reliable electricity amidst a diversifying energy landscape, necessitating advanced monitoring solutions for grid stability.

Expansion of the oil and gas sector

The oil and gas sector's increasing reliance on advanced technologies has significantly impacted the switchgear monitoring system market in the United States. Switchgear monitoring systems ensure the reliable and efficient operation of electrical networks within the oil and gas industry, where uninterrupted power supply is paramount for critical operations. In recent years, the oil and gas sector in the United States has witnessed a surge in exploration, production, and refining activities. As these operations become more sophisticated and technologically advanced, there is a growing need for robust electrical infrastructure to support the energy-intensive processes involved. Switchgear monitoring systems provide real-time data and analytics that help operators manage and optimize the performance of electrical equipment, enhancing reliability and reducing downtime.

The United States' transition towards increased domestic oil and gas production has further fueled the demand for advanced monitoring solutions. Switchgear monitoring systems offer predictive maintenance capabilities, allowing operators to identify potential issues before they lead to costly failures. In the oil and gas industry, where downtime can have severe financial implications, proactive maintenance is crucial for maximizing operational efficiency.

According to the U.S. Energy Information Administration, in December 2021, the United States witnessed a surge in oil production, reaching 11.7 million barrels per day (b/d) and natural gas production, totaling 120.0 billion cubic feet per day (Bcf/d). Subsequently, throughout 2022, there was a notable uptick in U.S. oil and natural gas production, with oil reaching 12.1 million b/d and natural gas achieving 121.1 Bcf/d by December 2022. This upward trajectory underscores the dynamic growth and expansion within the U.S. energy sector during this period. The increased output emphasizes the critical role of advanced switchgear monitoring systems to ensure the energy infrastructure's efficiency, reliability, and safety. Hence, as U.S. crude oil and natural gas production continues to thrive, the switchgear monitoring system market is poised to play a pivotal role in supporting and optimizing the nation's energy production and distribution networks.

Competition Analysis

The switchgear monitoring system market in the United States is dynamic and competitive, with several key players vying for industry share. Switchgear monitoring systems play a crucial role in ensuring the reliability and efficiency of electrical power distribution systems by continuously monitoring and assessing the condition of switchgear components. These systems help prevent unexpected failures, reduce downtime, and optimize maintenance activities.

ABB is a global leader in power and automation technologies in the U.S. and has a strong presence in the switchgear monitoring system market. The company offers a range of advanced monitoring solutions that provide real-time data and analytics to improve the performance of switchgear equipment. Similarly, Siemens is another major player in the switchgear monitoring system market, providing innovative solutions for the efficient monitoring and management of electrical infrastructure. Their comprehensive portfolio includes advanced monitoring devices and software that enhance the reliability of switchgear operations.

One notable player in the U.S. switchgear monitoring system market is Schneider Electric. Schneider Electric is a multinational corporation with a significant presence in the United States. The company offers a range of switchgear monitoring solutions that leverage advanced technologies such as IoT (Internet of Things) and cloud computing. Their systems provide real-time data on the performance and condition of switchgear, enabling predictive maintenance and reducing downtime.

List of Key Companies Profiled

• 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.)

US Switchgear Monitoring System Market Report Segmentation

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 USA Switchgear Monitoring System Market, by Component
1.4.2 USA Switchgear Monitoring System Market, by Voltage
1.4.3 USA Switchgear Monitoring System Market, by Services
1.4.4 USA Switchgear Monitoring System Market, by Type
1.4.5 USA Switchgear Monitoring System Market, by End User
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2022
3.2 Strategies Deployed in Switchgear Monitoring System Market
3.3 Porter’s Five Forces Analysis
Chapter 4. US Switchgear Monitoring System Market
4.1 US Switchgear Monitoring System Market by Component
4.2 US Switchgear Monitoring System Market by Voltage
4.3 US Switchgear Monitoring System Market by Services
4.4 US Switchgear Monitoring System Market by Type
4.5 US Switchgear Monitoring System Market by End User
Chapter 5. Company Profiles – Global Leaders
5.1 Siemens Energy AG
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Segmental and Regional Analysis
5.1.4 Research & Development Expenses
5.1.5 Recent strategies and developments:
5.1.5.1 Product Launches and Product Expansions:
5.1.6 SWOT Analysis
5.2 ABB Group
5.2.1 Company Overview
5.2.2 Financial Analysis
5.2.3 Segmental and Regional Analysis
5.2.4 Research & Development Expense
5.2.5 Recent strategies and developments:
5.2.5.1 Product Launches and Product Expansions:
5.2.5.2 Geographical Expansions:
5.2.6 SWOT Analysis
5.3 Schneider Electric SE
5.3.1 Company Overview
5.3.2 Financial Analysis
5.3.3 Segmental and Regional Analysis
5.3.4 Research & Development Expense
5.3.5 Recent strategies and developments:
5.3.5.1 Partnerships, Collaborations, and Agreements:
5.3.5.2 Product Launches and Product Expansions:
5.3.6 SWOT Analysis
5.4 Eaton Corporation PLC
5.4.1 Company Overview
5.4.2 Financial Analysis
5.4.3 Segmental and Regional Analysis
5.4.4 Research & Development Expense
5.4.5 Recent strategies and developments:
5.4.5.1 Acquisition and Mergers:
5.4.6 SWOT Analysis
5.5 General Electric Company
5.5.1 Company Overview
5.5.2 Financial Analysis
5.5.3 Segmental and Regional Analysis
5.5.4 Research & Development Expense
5.5.5 Recent strategies and developments:
5.5.5.1 Product Launches and Product Expansions:
5.5.6 SWOT Analysis
5.6 Mitsubishi Electric Corporation
5.6.1 Company Overview
5.6.2 Financial Analysis
5.6.3 Segmental and Regional Analysis
5.6.4 Research & Development Expense
5.6.5 Recent strategies and developments:
5.6.5.1 Partnerships, Collaborations, and Agreements:
5.6.6 SWOT Analysis
5.7 Emerson Electric Co.
5.7.1 Company Overview
5.7.2 Financial Analysis
5.7.3 Segmental and Regional Analysis
5.7.4 Research & Development Expense
5.7.5 SWOT Analysis
5.8 OSENSA Innovations Corp.
5.8.1 Company Overview
5.8.2 SWOT Analysis
5.9 Doble Engineering Company (ESCO Technologies Inc.)
5.9.1 Company Overview
5.9.2 Financial Analysis
5.9.3 Segmental and Regional Analysis
5.9.4 Research & Development Expenses
5.9.5 Recent strategies and developments:
5.9.5.1 Acquisition and Mergers:
5.9.6 SWOT Analysis

TABLE 1 US Switchgear Monitoring System Market, 2019 - 2022, USD Million
TABLE 2 US Switchgear Monitoring System Market, 2023 - 2030, USD Million
TABLE 3 US Switchgear Monitoring System Market by Component, 2019 - 2022, USD Million
TABLE 4 US Switchgear Monitoring System Market by Component, 2023 - 2030, USD Million
TABLE 5 US Switchgear Monitoring System Market by Voltage, 2019 - 2022, USD Million
TABLE 6 US Switchgear Monitoring System Market by Voltage, 2023 - 2030, USD Million
TABLE 7 US Switchgear Monitoring System Market by Services, 2019 - 2022, USD Million
TABLE 8 US Switchgear Monitoring System Market by Services, 2023 - 2030, USD Million
TABLE 9 US Switchgear Monitoring System Market by Type, 2019 - 2022, USD Million
TABLE 10 US Switchgear Monitoring System Market by Type, 2023 - 2030, USD Million
TABLE 11 US Switchgear Monitoring System Market by End User, 2019 - 2022, USD Million
TABLE 12 US Switchgear Monitoring System Market by End User, 2023 - 2030, USD Million
TABLE 13 Key Information – Siemens Energy AG
TABLE 14 Key Information – ABB Group
TABLE 15 Key Information – Schneider Electric SE
TABLE 16 Key Information – Eaton Corporation PLC
TABLE 17 Key Information – General Electric Company
TABLE 18 Key Information – Mitsubishi Electric Corporation
TABLE 19 Key Information – Emerson Electric Co.
TABLE 20 Key Information – OSENSA Innovations Corp.
TABLE 21 Key Information – Doble Engineering Company

List of Figures
FIG 1 Methodology for the research
FIG 2 US 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 US Switchgear Monitoring System Market Share by Component, 2022
FIG 7 US Switchgear Monitoring System Market Share by Component, 2030
FIG 8 US Switchgear Monitoring System Market by Component, 2019 - 2030, USD Million
FIG 9 US Switchgear Monitoring System Market Share by Voltage, 2022
FIG 10 US Switchgear Monitoring System Market Share by Voltage, 2030
FIG 11 US Switchgear Monitoring System Market by Voltage, 2019 - 2030, USD Million
FIG 12 US Switchgear Monitoring System Market Share by Services, 2022
FIG 13 US Switchgear Monitoring System Market Share by Services, 2030
FIG 14 US Switchgear Monitoring System Market by Services, 2019 - 2030, USD Million
FIG 15 US Switchgear Monitoring System Market Share by Type, 2022
FIG 16 US Switchgear Monitoring System Market Share by Type, 2030
FIG 17 US Switchgear Monitoring System Market by Type, 2019 - 2030, USD Million
FIG 18 US Switchgear Monitoring System Market Share by End User, 2022
FIG 19 US Switchgear Monitoring System Market Share by End User, 2030
FIG 20 US Switchgear Monitoring System Market by End User, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Siemens Energy AG
FIG 22 Recent strategies and developments: ABB Group
FIG 23 SWOT Analysis: ABB Group
FIG 24 Recent strategies and developments: Schneider Electric SE
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 SWOT Analysis: Eaton Corporation PLC
FIG 27 SWOT Analysis: General electric (GE) Co.
FIG 28 SWOT Analysis: Mitsubishi Electric Corporation
FIG 29 Swot Analysis: EMERSON ELECTRIC CO.
FIG 30 Swot Analysis: OSENSA Innovations Corp.,
FIG 31 Swot Analysis: Doble Engineering Company