Fixed Switch Cabinet Market by Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Executive Summary

The fixed switch cabinet market is likely to experience a significant growth rate of 4.86% from 2022-2031 owing to an increase in the utilization of infrastructure projects, advancements in technologies, and the growing trend of industrial facilities have a positive impact on the growth of this market.

According to the report titled, “Fixed Switch Cabinet Market," the fixed switch cabinet market was valued at $2 billion in 2021, and is estimated to reach $3.2 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

The switch cabinet is mostly composed of circuit breakers, isolating switches, load switches, operating mechanisms, mutual inductors, and different safety devices. The switch cabinet is mainly used in the fields like substations, factories and mining enterprises, power plants, petrochemicals, metallurgical steel rolling, light industry and textiles, residential quarters, and high-rise buildings.

A high voltage switch cabinet is a device that provides power and safety for electrical devices. It helps in limiting the transfer of harmful voltages or currents through the system's wiring without interfering with its operation. It also restricts access to maintain safety standards and avoid possible risks, such as burns from contact with active parts. Depending on their application, these cabinets might have open borders or closed side panels made up of shelves that hold circuit breakers, transformers, or other devices. They are appropriate for site installation when space may not be available locally, hence they are commonly utilized.

The fixed switch cabinet market is a rapidly growing sector of the global electronics industry, with demand being driven by the increasing adoption of automation and the Industrial Internet of Things (IIoT) in various industries such as infrastructure and utilities, energy, and industrial. Industrial transceivers are used for reliable communication between different machines and systems in these industries. It is widely used in industrial and civil cable ring network and power supply terminal for receiving and distributing electric energy. It is a new generation of air insulated metal enclosed switchgear, which has the characteristics of simple structure, convenient installation, flexible operation, and reliable interlocking.

Switch cabinet housings have to be compact and simple to open and close; to do this, they are designed to be deformation resistant. Switch cabinets' deformation resistance must correspond to the expected stresses to which they are confined during transport, handling, and storage operations; thus, they must be checked by the consignor prior to acceptance by the intended mode of transport to ensure that they meet the requirements for safe transport.

Fixed switch cabinet records the data of the stresses to which high-quality switch cabinets are subjected during transportation and storage, such as acceleration along the x, y, and z axes, jolting (impact), temperature, pressure, and moisture/humidity.

The industrial transceivers market is segmented based on technology, application, and region. By application, the market is categorized into automation, telecommunication & data processing, lighting, electric vehicles, power management & smart grid, and renewable energy. In terms of region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the industrial transceivers industry include Belden Inc., ABB Ltd., Coslight Group Harbin Switch Co., Ltd, StarTech.com Ltd., Minimax, TEWE Elektronic, Cannon Technologies Ltd, NUM AG, Huimu Ltd., Clipsal (Schneider Electric). The players in the market have been actively engaged in the adoption of various strategies such as product launch, collaboration, innovation, acquisition, and others to remain competitive and gain an advantage over the competitors in the market. For example, in August 2021, ABB electrified India with a smart, safe, and sustainable range of switches when it launched the Millenium and Zenit ranges. With an increasing number of megacities evolving in India, the demand for space-saving electrical solutions such as easy-to-install contemporary switches is rising. ABB's Millenium and Zenit switch ranges are ISI-marked, offering control, functionality, and comfort to customers in smart buildings and premises that can be easily upgraded with the latest smart home automation solutions. Additionally, in May 2022, Schneider Electric announced the launch of its SureSeT MV switchgear offering for the North American market. This improved solution, backed by the innovative and award-winning EvoPacT circuit breaker, replaces the Schneider Electric Masterclad solution for primary switchgear applications with a smaller, stronger, and smarter solution for managing digital day-to-day operations. Such developments will create lucrative opportunities for the fixed switch cabinet market.

Key Market Insights

• By application, the infrastructure and utilities segment were the highest revenue contributor to the market, whereas the energy segment is expected to have significant growth during the forecast period.
• Based on region, Asia-Pacific was the highest revenue contributor, accounting for $1,008.1 million in 2021, and is estimated to reach $1,714.6 million by 2031, with a CAGR of 5.69%.
• By Country, China was the highest revenue contributor, accounting for largest revenue in 2021, and expected to follow the same trend during the forecast period.

Companies Mentioned

• Huimu Ltd.
• Belden Inc.
• Minimax
• Cannon Technologies Ltd
• NUM AG
• TEWE Elektronic
• StarTech.com Ltd.
• ABB Ltd.
• Clipsal (Schneider Electric)
• Coslight Group Harbin Switch Co., Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.