Asia-Pacific Switch Gear Market Outlook, 2028

The Asia-Pacific switchgear market is a dynamic and rapidly evolving sector that encompasses a wide range of electrical equipment and solutions used for the control, protection, and isolation of electrical circuits. APAC switchgear manufacturers produce a wide range of electrical distribution and control equipment, including high-voltage and low-voltage switchgear, circuit breakers, and related components. Several industry associations play a significant role in shaping and regulating the switchgear market in APAC countries. Some of them include the Japan Electrical Manufacturers' Association (JEMA) which is one of the leading organizations in this context. JEMA is instrumental in setting industry standards, promoting technological advancements, and fostering collaboration among manufacturers. The market includes a mix of local and global switchgear manufacturers and suppliers, each catering to the specific needs and preferences of the countries within the region. With manufacturing hubs like China, India, and Japan at the forefront, the industrial sector is a significant driver for switchgear demand. Some of the prominent players in the market are Siemens AG, ABB, Schneider Electric SE, Eaton Corporation plc. With a diverse landscape of countries at various stages of industrialization and infrastructure modernization, the demand for switchgear solutions in this region is multifaceted.

According to the research report "Asia Pacific Switchgear Market Outlook 2028," the market is anticipated to grow with more than 6.50% CAGR from 2023-2028. As advanced, innovative switchgear technologies are constantly developing and providing a multitude of advantages to the power distribution and electrical infrastructure industries, the switchgear market in APAC is expected to grow significantly in the years to come. A number of factors are coming together to fuel this increase, chief among them the pressing need to improve energy efficiency, guarantee a steady supply of electricity, and provide efficient grid monitoring and control. Modernization and the use of smart switchgear solutions have been fueled by the aging power infrastructure. Significant investments in power production, transmission, and distribution systems have resulted from this, further stimulating the switchgear market's growth. Smart switchgear gives utilities and operators the power to anticipate possible breakdowns, gather and analyze data from a variety of grid components, and optimize the flow of electricity. This helps to minimize downtime and reduce energy losses in addition to improving grid efficiency. In order to meet the demands of expanding cities and industry, dependable power distribution systems are required in APAC due to the region's fast urbanization. Because smart switchgear enables more precise load management and offers real-time insights into power consumption trends, it is well-suited to meet these demands. It can make it easier for renewable energy sources to be integrated into the grid, which is going to render the power supply more environmentally friendly and sustainable.

China is leading this dynamic landscape of switchgear markets depending on specific countries in the Asia-Pacific area. China has become the greatest buyer and producer of switchgear equipment because to its massive population and rapid economic development. The nation's ongoing urbanization, large-scale infrastructure development, and expanding industrial sector have all contributed to an increase in demand for advanced switchgear solutions. The way China is focusing on increasing grid stability, boosting energy efficiency, and adding renewable energy sources to its power mix is a great fit, as switchgear is essential to the management of intricate electrical systems. Along with significant expenditures in high-speed rail networks and smart cities, the government's concentration on updating its electrical infrastructure has created. India, another major player in the Asia-Pacific switchgear market, is undergoing a robust growth phase. The Indian government's "Make in India" initiative and substantial investments in renewable energy projects are driving the demand for switchgear systems. As the country strives to achieve energy self-sufficiency and enhance its power infrastructure, switchgear plays an essential role in ensuring efficient power distribution and grid management. India's rapidly urbanizing landscape, coupled with the growth of the manufacturing and technology sectors, further contributes to the substantial market share it holds in the region. Japan, with its longstanding tradition of technological innovation and industrial excellence, is also a key player in the Asia-Pacific switchgear market. The switchgear market in the Asia-Pacific region remains vibrant and critical to meeting the growing demand for reliable and efficient power distribution systems. The market's expansion in these countries reflects not only immediate needs but also long-term goals of achieving energy sustainability and grid resilience.

The market is segmented based on the insulation of switchgears, into Gas insulated, Air insulated, and other types of insulated switchgears. Gas insulated switchgears are leading the market as of 2022. GIS systems are renowned for their high-performance characteristics, making them a top choice for a variety of applications in APAC. These switchgears use gases like sulfur hexafluoride (SF6) as an insulating medium, allowing for compact and efficient designs, ideal for densely populated urban areas and industrial complexes. The utilization of GIS in APAC is driven by the need to optimize space usage and ensure reliable power distribution within its ever-expanding cities. The sealed design of GIS not only minimizes environmental impact but also reduces maintenance requirements, aligning well with China's commitment to sustainability and environmental responsibility. Air Insulated Switchgears (AIS) also maintain a significant presence in the APAC market, contributing to the regions diverse switchgear landscape. While not as space-efficient as GIS, AIS systems are cost-effective and reliable, making them an attractive choice for applications where space constraints are not the primary concern. According to the Voltage of switchgears, the report is divided into three categories including; Low, Medium, and High Voltages. Low voltage switchgears, typically designed to operate at voltages up to 1,000 volts, are widely favored for their versatility and wide-ranging applications. They find extensive use in residential, commercial, and industrial settings, where the need for electrical distribution, protection, and control is ubiquitous. Along with this the Medium voltage switchgears are engineered to operate in the voltage range of 1,000 to 35,000 volts, making them indispensable in power distribution networks, renewable energy installations, and various industrial applications. These systems are characterized by their robust designs, advanced safety features, and their ability to handle the unique challenges associated with medium voltage power distribution.

Based on the switchgear installation, the market is split into two segments; indoor installation and outdoor installation. Outside installations have become one of these categories' most well-known and powerful operators, commanding a significant portion of the market. Because outdoor switchgear installations are weatherproof, they are ideal for a wide range of applications, including power generating facilities, utility substations, and huge industrial complexes. These installations are renowned for their durability, resilience to environmental changes, and simplicity of upkeep and repair. They are especially important in organizations where the power supply's dependability is critical due to their flexibility in operating in a variety of weather conditions and difficult outdoor settings. Based on the end-users, the Industries encompass a wide range of sectors, from manufacturing and process industries to heavy machinery and automation, and they rely heavily on switchgear systems. These systems are critical for ensuring the safety of electrical equipment, personnel, and processes in industrial settings. They help protect machinery from electrical faults and overloads, regulate power distribution within industrial complexes, and facilitate fault detection, ultimately optimizing operational efficiency and reducing downtime. Switchgear systems are specially designed to meet the complicated and distinct electrical requirements of the industrial sector. The foundation of the electrical power grid, however, is made up of the transmission and distribution utilities, which are in charge of sending high-voltage electricity from generating facilities to substations and then distributing it to final customers.

Companies covered in this report:

Siemens AG, ABB, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Toshiba Corporation, General Electric Company, Hitachi, Ltd., Hyundai Electric, Hyosung Corporation, CG Power and Industrial Solutions Limited, Hubbell Incorporated.

Considered in this report:

• Geography: Asia Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Asia Pacific Switchgear market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• China
• Japan
• India
• Australia
• South Korea

By Insulation:

• Gas Insulated Switchgears
• Air Insulated Switchgears
• Other Insulated Switchgears

By Voltage Level:

• Low-voltage Switchgears
• Medium-voltage Switchgears
• High-voltage Switchgears

By Installation:

• Indoor Installation
• Outdoor Installation

By End-User:

• Transmission & Distribution Utilities
• Industries
• Commercial & Residential
• Other End Users

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Switchgear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.