Switchgear monitoring system market is expected to grow significantly at a CAGR of 6.9% during the forecast period. The growing industrial and commercial sector has led to the utilization of high electricity requirements which in turn would lead to unexpected temperature rise at a particular location. The rising concern for the better maintenance of electrification systems has enabled the demand for on-line monitoring and diagnostic system. The switchgear monitoring system is the component of an electrical power system which is used for electrical power distribution and to isolate electrical loads. With the advancement in technology, the demand for power quality is increasing. Switchgear monitoring system offers real-time and on-line temperature monitoring solutions which provide the collection of temperature and transmitting information.
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The switchgear monitoring system consists of discharge sensors, instruments, and diagnostic software in order to measure the working of switchgear for scheduling the maintenance power cuts and take preventive measures to avoid failure of the switchgear system. The increasing demand for switchgear monitoring system from the manufacturing and service industry which rely heavily on the reliable power supply from electric utilities to enhance the working of the electrically powered devices is driving the switchgear monitoring system market. However, the increased cost of installation may hamper the market segment of the switchgear monitoring system. The inspection and maintenance provided by power distributors may restrain the market share of the switchgear monitoring system.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Switchgear Monitoring System Market by Type
- Gas-Insulated Solutions (GIS)
- Air-Insulated Solutions (AIS)
Global Switchgear Monitoring System Market by End-User
- Utilities
- Industrial
- Commercial
- Others
REGIONAL ANALYSIS
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
COMPANY PROFILES
- ABB Group
- Axzon
- Donwil Co.
- Dynamic Ratings, Inc.
- Eaton Corp.
- EFACEC Power Solutions, SGPS, S.A.
- Emerson Electric Co.
- Fuji Electric Co. Ltd.
- Futronic GmbH
- General Electric, Co.
- Koncar – Electrical Engineering Institute. Inc
- Mitsubishi Electric Corp.
- Pacific Ocean Electrical Switchgear Industries, LLC
- Prism Power Group
- Qualitrol Corp.
- S&C Electric Co.
- Schneider Electric SE
- Siemens AG
- Tiara Vibrasindo Pratama
- Trafag AG
he Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global switchgear monitoring system 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.
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