Global Switchgear Monitoring System Market
The GMI Research forecasts that the Switchgear Monitoring System Market is witnessing an upsurge in demand over the forecast period. This is mainly due to rising demand for safe and protective electrical systems in the industrial and residential industries, decreasing repair costs through enhanced failure detection and the increase in focus of the several governments to create sustainable energy.
Introduction of the Switchgear Monitoring System Market
Switchgear monitoring system is extensively implemented to make sure the security, protection and long life in the electric circuits and equipment. The system administers various parameters like operability of the circuit-breaker drive, dependence of the triggering system, efficiency of the closed circuit, and checks and the condition of the primary contacts.
Key Players of the Global Switchgear Monitoring System Market:
- Schneider Electric
- Koncar – Electrical Engineering Institute, Inc
- TRAFAG AG.
- Mitsubishi Electric Corporation.
- Tiara Vibrasindo Pratama
- General Electric.
Switchgear Monitoring System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting focus by various government bodies to create viable energy with amplifying the reliability of electronic assets, increasing implementation of sophisticated sensors to improve the current flow required by the industrial and residential sectors to conserve the electricity supply, and decreasing the downtime to minimize financial losses are some of the prominent market drivers supplementing the growth of the global switchgear monitoring market. ABB, in 2018, established the contemporary edition of digital switchgear SafeGear Digital consolidated with innovative technologies to cater higher performance requirements of customers and to meet the surging advancements of power distribution systems. Furthermore, the mounting consumption of electricity led by the accelerating population and rapid industrialization has bolstered the market growth. In accordance with the International Energy Agency, the accumulated electricity consumption escalated by 4% and touched 22 315 TWh, in 2018. The surging demand for harmless and precautionary electrical systems along with their rising acquisition to evade the breakage of the circuit and allow a safe flow of current which mechanical components failed to offer under acute cases, further supplements the switchgear monitoring market size.
Switchgear Monitoring System Market Segmentation:
Segmentation by Type
- Gas-insulated high-voltage switchgear (GIS)
- Air-insulated high-voltage switchgear (AIS)
Segmentation by Voltage
Segmentation by Component
- Software and Services
Segmentation by Monitoring
- Gas Monitoring
- Temperature Monitoring
- Partial Discharge Monitoring
Segmentation by End-User
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a research and consulting company offering business insights and research reports to large and small & medium enterprises. Our detailed reports help clients make strategic business decisions and achieve sustainable growth in the particular market domain. Our team of seasoned analysts and industry experts from different regions such as Asia-Pacific, Europe, North America, among others, provides step by step solution for the client. Our market research report includes an in-depth analysis, refined forecasts, a view of the competitive landscape, key factors influencing the market growth, and various other market insights to assist companies reaching strategic decisions. Spotlighted in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we look forward to help our clients excel.
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