配電盤監視システム市場 – 2030年までの世界予測

Switchgear Monitoring System Market - Global Forecast To 2030

配電盤監視システム市場 - 配電盤の種類(ガス絶縁、空気絶縁)、電圧(低、中、高、超高)、エンドユーザー(公益事業、工業、商業、住宅)、コンポーネント、サービス、地域別 - 2030年までの世界予測
Switchgear Monitoring System Market by Switchgear Type (Gas-insulated, Air-insulated), Voltage (Low, Medium, and High and Extra High), End User (Utilities, Industrial, Commercial, Residential), Component, Service, and Region - Global Forecast to 2030

商品番号 : SMB-48421

出版社MarketsandMarkets
出版年月2025年8月
ページ数253
図表数309
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、世界の配電盤監視システム市場を、配電盤の種類、コンポーネント、サービス、電圧、エンドユーザー、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題を包括的に分析しています。さらに、市場の様々な重要な側面を網羅しています。これには、配電盤監視システム市場における競争環境、市場ダイナミクス、市場予測(価値ベース)、将来の動向に関する分析が含まれます。

世界の配電盤監視システム市場は、2025年の21億7,000万米ドルから2030年には32億2,000万米ドルに拡大し、年平均成長率(CAGR)は8.2%と予測されています。信頼性の高い配電システム、電力系統の近代化、そして予知保全に対する需要の高まりが、配電盤監視システム市場の拡大を牽引しています。また、継続的な技術進歩とエネルギー効率化政策の実施により、産業分野においても配電監視システムの普及が加速しています。

The global switchgear monitoring system market is estimated to grow from USD 2.17 billion in 2025 to USD 3.22 billion by 2030, at a CAGR of 8.2%. The growing demand for highly reliable power distribution systems, grid modernization, and predictive maintenance is fueling the expansion of the switchgear monitoring system market. Switchgear monitoring systems are also gaining momentum across industrial users due to ongoing technological advancements and the implementation of energy efficiency policies.

配電盤監視システム市場 - 2030年までの世界予測 - chosareport.com
switchgear-monitoring-system-market-new-one

“By end user, utilities segment to capture most significant share of switchgear monitoring system

market throughout forecast period“

The utilities segment accounts for the most significant portion of the switchgear monitoring system market, due to the rising adoption of advanced switchgear monitoring systems in critical infrastructure consisting of substations, and transmission and distribution networks. Switchgear monitoring systems are well-suited for utility operations due to their capabilities in real-time diagnostics, enhanced reliability, and reduced maintenance requirements. Growing interest in grid stability, outage prevention, and energy efficiency has led to a steady rise in the adoption of these systems. Additionally, government policies that encourage the implementation of smart monitoring technologies and the transition to smart grids further support and accelerate their deployment.

“Europe to be second-largest market during forecast period”

Europe is set to become the second-largest switchgear monitoring system market because of the massive penetration of these systems in industrial automation systems, the rising adoption of renewable energy sources, and smart grid development. The region already boasts established industry, deep capital investment into energy-efficient technology, and advantageous government policies regarding clean energy and electrification. Moreover, leading utility and manufacturing companies in countries such as Germany and France are intensifying their efforts to integrate switchgear monitoring systems to achieve greater reliability and sustainability. This proactive approach is further driving regional demand. In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 30%, Tier 2 – 55%, and Tier 3 – 15%
  • By Designation: C-level Executives – 30%, Directors – 20%, and Others – 50%
  • By Region: North America – 20%, Europe – 8%, Asia Pacific – 55%, Middle East & Africa – 13%, and South America – 4%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: >USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: <USD 500 million. Other designations include sales managers, engineers, and regional managers.

Schneider Electric, ABB, Siemens, GE Vernova, and Mitsubishi Electric Corporation are some major players in the switchgear monitoring system market. The study includes an in-depth competitive analysis of these key players, including their company profiles, recent developments, and key market strategies.

配電盤監視システム市場 - 2030年までの世界予測 - ecosystem
switchgear-monitoring-system-market-new-ecosystem

Research Coverage

The report defines, describes, and forecasts the global switchgear monitoring system market, by switchgear type, component, service, voltage, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the switchgear monitoring system market.

Key Benefits of Buying the Report

  • Key drivers (strengthened power distribution infrastructure), restraints (high installation cost), opportunities (growing deployment of smart grids), and challenges (inadequate data storage and management concerns) influence the growth of the switchgear monitoring system market.
  • Market Development: In May 2024, ABB introduced digital, low-voltage switchgear, which allows users to access data on electrical distribution in real time. This enables users to be Industry 4.0 ready and explore the potential of intelligent devices, IoT, and cloud technology. The company will apply this technology to its low-voltage switchgear range.
  • Product Innovation/Development: Significant product innovation existed in the switchgear monitoring system market. However, the innovation of IoT-enabled diagnostics and predictive maintenance capabilities of the most advanced systems is notable. These trends are geared toward improving reliability, minimizing downtime, and increasing efficiency standards among end users.
  • Market Diversification: In June 2024, IPEC Ltd. entered Asia by establishing a regional office in Kuala Lumpur. This growth acted as a platform to collaborate, assist, and interact with customers in the area. This business decision helped the company serve its clients, establish new relationships, and become more market-informed to propel innovations.
  • Competitive Assessment: The report includes an in-depth assessment of market shares, growth strategies, and service offerings of leading market players, such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE Vernova (US), and Mitsubishi Corporation (Japan).

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS SEGMENTATION AND REGIONAL SCOPE                 26

1.3.2        INCLUSIONS AND EXCLUSIONS 26

1.3.3        YEARS CONSIDERED      29

1.4           UNIT CONSIDERED        29

1.5           CURRENCY CONSIDERED            29

1.6           LIMITATIONS    29

1.7           STAKEHOLDERS               30

1.8           SUMMARY OF CHANGES               30

2               RESEARCH METHODOLOGY       31

2.1           RESEARCH APPROACH  31

2.1.1        SECONDARY DATA          32

2.1.1.1    List of key secondary sources              32

2.1.1.2    Key data from secondary sources       32

2.1.2        PRIMARY DATA 33

2.1.2.1    List of key primary interview participants        33

2.1.2.2    Key primary insights            33

2.1.2.3    Key data from primary sources           34

2.1.2.4    Breakdown of primaries      34

2.2           MARKET SIZE ESTIMATION         36

2.2.1        BOTTOM-UP APPROACH              36

2.2.1.1    Regional analysis  37

2.2.1.2    Country-level analysis          38

2.2.1.3    Demand-side assumptions 38

2.2.1.4    Demand-side calculations   38

2.2.2        TOP-DOWN APPROACH                39

2.2.2.1    Supply-side assumptions     41

2.2.2.2    Supply-side calculations      41

2.3           MARKET DATA TRIANGULATION             42

2.3.1        FORECAST          43

2.4           RESEARCH ASSUMPTIONS           43

2.5           RESEARCH LIMITATIONS             43

2.6           RISK ASSESSMENT           43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWITCHGEAR MONITORING

SYSTEM MARKET             49

4.2           SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION                49

4.3           SWITCHGEAR MONITORING SYSTEM MARKET IN ASIA PACIFIC,  BY END USER

AND COUNTRY 50

4.4           SWITCHGEAR MONITORING SYSTEM MARKET,  BY SWITCHGEAR TYPE        51

4.5           SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT    51

4.6           SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE            51

4.7           SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE               52

4.8           SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER     52

5               MARKET OVERVIEW       53

5.1           INTRODUCTION              53

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               54

5.2.1.1    Shift from conventional maintenance methods to condition-based services        54

5.2.1.2    Strengthened power distribution infrastructure              54

5.2.1.3    Rising use of electric distribution and transmission systems powered by renewable energy sources              55

5.2.2        RESTRAINTS      57

5.2.2.1    High installation cost           57

5.2.2.2    Integration- and cybersecurity-related challenges          57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Growing deployment of smart grids  57

5.2.3.2    Expansion of renewable energy infrastructure 59

5.2.4        CHALLENGES    59

5.2.4.1    Inadequate data storage and management concerns      59

5.2.4.2    Susceptibility of switchgear monitoring systems to cyber threats                 60

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           ECOSYSTEM ANALYSIS  61

5.5           VALUE CHAIN ANALYSIS               63

5.6           TECHNOLOGY ANALYSIS             64

5.6.1        KEY TECHNOLOGIES     64

5.6.2        ADJACENT TECHNOLOGIES       64

5.7           PRICING ANALYSIS          65

5.7.1        AVERAGE SELLING PRICE TREND OF SWITCHGEAR TYPES,  2021–2024            65

5.7.2        AVERAGE SELLING PRICE TREND OF SWITCHGEAR MONITORING SYSTEMS, BY REGION, 2021–2024 66

5.8           TARIFFS AND REGULATORY LANDSCAPE             67

5.8.1        TARIFF ANALYSIS (HS 853590)     67

5.8.2        REGULATORY LANDSCAPE         68

5.8.3        GLOBAL STANDARDS    71

5.9           TRADE ANALYSIS             75

5.9.1        IMPORT SCENARIO (HS CODE-853590)   75

5.9.2        EXPORT SCENARIO (HS CODE-853590)   77

5.10         PORTER’S FIVE FORCES ANALYSIS           78

5.10.1      THREAT OF SUBSTITUTES          79

5.10.2      BARGAINING POWER OF SUPPLIERS       79

5.10.3      BARGAINING POWER OF BUYERS             80

5.10.4      THREAT OF NEW ENTRANTS      80

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 80

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     81

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           81

5.11.2      BUYING CRITERIA           81

5.12         CASE STUDY ANALYSIS 82

5.12.1      MAINTAINING OPERATIONAL INTEGRITY AND REDUCING UNPLANNED DOWNTIME ACROSS GRID BY DEPLOYING DYNAMIC RATINGS’ PARTIAL DISCHARGE MONITORING SYSTEM  82

5.12.2      ENHANCING GRID RELIABILITY AND MINIMIZING SF₆ EMISSIONS THROUGH WIKA’S IOT-BASED GIS MONITORING SYSTEM                82

5.12.3      REDUCING THERMAL-RELATED FAILURES AND ENHANCING PLANT RESILIENCE WITH MARTEC’S IOT-BASED MONITORING SOLUTION            83

5.13         IMPACT OF GENERATIVE AI/AI ON SWITCHGEAR MONITORING SYSTEM MARKET                83

5.13.1      ADOPTION OF GENERATIVE AI/AI BY SWITCHGEAR MONITORING SYSTEM MANUFACTURERS            83

5.13.2      IMPACT OF GENERATIVE AI/AI ON KEY END USERS, BY REGION                84

5.13.3      IMPACT OF AI ON SWITCHGEAR MONITORING SYSTEM MARKET,  BY REGION  85

5.14         IMPACT OF 2025 US TARIFF – OVERVIEW              85

5.14.1      INTRODUCTION              85

5.14.2      KEY TARIFF RATES          86

5.14.3      IMPACT ON COUNTRIES/REGIONS         87

5.14.3.1  North America      87

5.14.3.2  Europe   88

5.14.3.3  Asia Pacific            89

5.14.3.4  South America      89

5.14.3.5  Middle East & Africa            90

5.14.4      IMPACT ON END USERS                91

6               SWITCHGEAR MONITORING SYSTEM MARKET,  BY SWITCHGEAR TYPE        92

6.1           INTRODUCTION              93

6.2           AIR-INSULATED                94

6.2.1        DESIGN SIMPLICITY, AFFORDABILITY, EASY MAINTENANCE TO ACCELERATE DEMAND         94

6.3           GAS-INSULATED              95

6.3.1        SURGING UTILIZATION IN HIGH-VOLTAGE APPLICATIONS TO AUGMENT MARKET GROWTH            95

7               SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE            97

7.1           INTRODUCTION              98

7.2           LOW      99

7.2.1        RISING DEMAND FOR HOME AUTOMATION AND ENERGY MANAGEMENT SOLUTIONS TO PROPEL SEGMENTAL GROWTH             99

7.3           MEDIUM              100

7.3.1        INCLINATION TOWARD DEPLOYMENT OF SMART GRIDS AND DIGITAL SUBSTATIONS TO SPUR DEMAND 100

7.4           HIGH AND EXTRA HIGH                101

7.4.1        RAPID DEVELOPMENT OF POWER TRANSMISSION NETWORKS IN DEVELOPING COUNTRIES TO BOOST DEMAND                 101

8               SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE               103

8.1           INTRODUCTION              104

8.2           PARTIAL DISCHARGE MONITORING       105

8.2.1        INCREASING REQUIREMENT FOR HIGH-PERFORMANCE AND RELIABLE ELECTRICAL ASSETS TO ACCELERATE ADOPTION         105

8.3           GAS MONITORING          107

8.3.1        OPERATIONAL NECESSITY TO DETECT SF6 LEAKAGE TO ELEVATE DEMAND 107

8.4           TEMPERATURE MONITORING   108

8.4.1        EMPHASIS ON EARLY FAULT DETECTION TO FOSTER SEGMENTAL GROWTH  108

8.5           OTHER SERVICES             109

9               SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT    111

9.1           INTRODUCTION              112

9.2           HARDWARE        113

9.2.1        RISING DEMAND FOR REAL-TIME MONITORING OF TEMPERATURE, INSULATION INTEGRITY AND VOLTAGE LEVELS TO DRIVE MARKET         113

9.2.2        INTELLIGENT EQUIPMENT DEVICES      114

9.2.3        DISTRIBUTION NETWORK FEEDERS       114

9.2.4        OTHER HARDWARE COMPONENTS         115

9.3           SOFTWARE         116

9.3.1        PRESSING NEED TO HANDLE DATA PROCESSING AND EXECUTION TO BOOST DEMAND FOR SECURE AND EMBEDDED SOFTWARE         116

10            SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER     118

10.1         INTRODUCTION              119

10.2         UTILITIES            120

10.2.1      SURGING ADOPTION OF ML-INTEGRATED SWITCHGEAR MONITORING SYSTEMS TO GET REAL-TIME INSIGHTS TO FOSTER MARKET GROWTH             120

10.3         INDUSTRIAL      121

10.3.1      FOCUS ON PREVENTING FINANCIAL LOSSES DUE TO POWER DISRUPTIONS AND EQUIPMENT DAMAGE TO BOOST DEMAND             121

10.4         COMMERCIAL   123

10.4.1      ONGOING INFRASTRUCTURAL DEVELOPMENTS DUE TO RAPID URBANIZATION IN DEVELOPING COUNTRIES TO STIMULATE DEMAND   123

10.5         OTHER END USERS         124

11            SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION                126

11.1         INTRODUCTION              127

11.2         ASIA PACIFIC     129

11.2.1      CHINA  134

11.2.1.1  Increasing investments in renewable energy projects to support market growth       134

11.2.2      JAPAN   135

11.2.2.1  Surging microgrid deployments to fuel market growth  135

11.2.3      INDIA    136

11.2.3.1  Emphasis on electrification projects to elevate demand 136

11.2.4      SOUTH KOREA  137

11.2.4.1  Commitment to carbon neutrality to create growth opportunities                 137

11.2.5      AUSTRALIA         138

11.2.5.1  Deployment of hybrid solar–wind microgrids to elevate demand                 138

11.2.6      REST OF ASIA PACIFIC   139

11.3         EUROPE               140

11.3.1      GERMANY           145

11.3.1.1  Increasing government investment in expanding wind and solar infrastructure to fuel demand             145

11.3.2      UK          146

11.3.2.1  AI-driven maintenance and offshore wind projects to escalate demand  146

11.3.3      FRANCE                147

11.3.3.1  Greater emphasis on grid modernization to contribute to market growth    147

11.3.4      ITALY    148

11.3.4.1  Increasing green energy projects to augment adoption  148

11.3.5      RUSSIA 149

11.3.5.1  Rising investments in hydrogen energy projects to support market growth       149

11.3.6      REST OF EUROPE             149

11.4         NORTH AMERICA             150

11.4.1      US           154

11.4.1.1  Strong focus on increasing renewable energy output to support market growth       154

11.4.2      CANADA               155

11.4.2.1  Rising investments in wind energy projects to foster market growth    155

11.4.3      MEXICO                156

11.4.3.1  Expansion of power generation, transmission, and distribution networks to contribute to market growth          156

11.5         MIDDLE EAST & AFRICA                157

11.5.1      GCC       162

11.5.1.1  SAUDI ARABIA  162

11.5.1.1.1                Pressing need to upgrade power infrastructure to drive market    162

11.5.1.2  UAE        163

11.5.1.2.1                Growing emphasis on improving onshore power grids to accelerate market growth    163

11.5.1.3  Kuwait    164

11.5.1.3.1                Increasing transition toward clean energy to boost adoption 164

11.5.1.4  Rest of GCC          164

11.5.2      SOUTH AFRICA 165

11.5.2.1  Northern Cape solar initiative and innovations in power monitoring to fuel market growth      165

11.5.3      REST OF MIDDLE EAST & AFRICA             166

11.6         SOUTH AMERICA             167

11.6.1      BRAZIL 171

11.6.1.1  Surging power demand and need for electrification to propel market    171

11.6.2      ARGENTINA       172

11.6.2.1  Increasing government investments in offshore gas production projects to contribute to market growth            172

11.6.3      REST OF SOUTH AMERICA           173

12            COMPETITIVE LANDSCAPE         175

12.1         OVERVIEW          175

12.1.1      KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 175

12.1.2      MARKET SHARE ANALYSIS, 2024                 176

12.1.3      REVENUE ANALYSIS, 2020–2024  178

12.2         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 179

12.2.1      STARS   179

12.2.2      EMERGING LEADERS     179

12.2.3      PERVASIVE PLAYERS      180

12.2.4      PARTICIPANTS 180

12.2.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         181

12.2.5.1  Company footprint               181

12.2.5.2  Region footprint   182

12.2.5.3  Switchgear type footprint    183

12.2.5.4  Voltage footprint  184

12.2.5.5  End user footprint                 185

12.3         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        186

12.3.1      PROGRESSIVE COMPANIES         186

12.3.2      RESPONSIVE COMPANIES            186

12.3.3      DYNAMIC COMPANIES  186

12.3.4      STARTING BLOCKS         186

12.3.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 188

12.3.5.1  Detailed list of key startups/SMEs    188

12.3.5.2  Competitive benchmarking of key startups/SMEs          189

12.4         COMPETITIVE SCENARIO             190

12.4.1      PRODUCT LAUNCHES   190

12.4.2      DEALS  192

12.4.3      EXPANSIONS     193

12.4.4      OTHER DEVELOPMENTS              195

13            COMPANY PROFILES      198

13.1         KEY PLAYERS     198

13.1.1      SIEMENS              198

13.1.1.1  Business overview 198

13.1.1.2  Products/Solutions/Services offered 199

13.1.1.3  Recent developments           200

13.1.1.3.1                Product launches  200

13.1.1.3.2                Deals      201

13.1.1.3.3                Expansions             201

13.1.1.3.4                Other developments             201

13.1.1.4  MnM view              202

13.1.1.4.1                Key strengths/Right to win 202

13.1.1.4.2                Strategic choices   202

13.1.1.4.3                Weaknesses/Competitive threats       202

13.1.2      ABB        203

13.1.2.1  Business overview 203

13.1.2.2  Products/Solutions/Services offered 204

13.1.2.3  Recent developments           205

13.1.2.3.1                Product launches  205

13.1.2.3.2                Expansions             205

13.1.2.3.3                Other developments             206

13.1.2.4  MnM view              206

13.1.2.4.1                Key strengths/Right to win 206

13.1.2.4.2                Strategic choices   206

13.1.2.4.3                Weaknesses/Competitive threats       206

13.1.3      SCHNEIDER ELECTRIC  207

13.1.3.1  Business overview 207

13.1.3.2  Products/Solutions/Services offered 208

13.1.3.3  Recent developments           209

13.1.3.3.1                Product launches  209

13.1.3.3.2                Deals      209

13.1.3.3.3                Other developments             210

13.1.3.4  MnM view              210

13.1.3.4.1                Key strengths/Right to win 210

13.1.3.4.2                Strategic choices   211

13.1.3.4.3                Weaknesses/Competitive threats       211

13.1.4      EATON 212

13.1.4.1  Business overview 212

13.1.4.2  Products/Solutions/Services offered 213

13.1.4.3  Recent developments           214

13.1.4.3.1                Product launches  214

13.1.4.3.2                Expansions             214

13.1.4.3.3                Other developments             215

13.1.4.4  MnM view              215

13.1.4.4.1                Key strengths/Right to win 215

13.1.4.4.2                Strategic choices   215

13.1.4.4.3                Weaknesses/Competitive threats       216

13.1.5      GE VERNOVA     217

13.1.5.1  Business overview 217

13.1.5.2  Products/Solutions/Services offered 218

13.1.5.3  Recent developments           219

13.1.5.3.1                Product launches  219

13.1.5.4  MnM view              219

13.1.5.4.1                Key strengths/Right to win 219

13.1.5.4.2                Strategic choices   219

13.1.5.4.3                Weaknesses/Competitive threats       220

13.1.6      MITSUBISHI ELECTRIC CORPORATION 221

13.1.6.1  Business overview 221

13.1.6.2  Products/Solutions/Services offered 222

13.1.6.3  Recent developments           223

13.1.6.3.1                Expansions             223

13.1.6.3.2                Other developments             224

13.1.7      EMERSON ELECTRIC CO.              225

13.1.7.1  Business overview 225

13.1.7.2  Products/Solutions/Services offered 226

13.1.8      HITACHI, LTD.  227

13.1.8.1  Business overview 227

13.1.8.2  Products/Solutions/Services offered 228

13.1.8.3  Recent developments           229

13.1.8.3.1                Deals      229

13.1.8.3.2                Expansions             229

13.1.9      PT. TIARA VIBRASINDO PRATAMA           230

13.1.9.1  Business overview 230

13.1.9.2  Products/Solutions/Services offered 230

13.1.10   SENSEOR – WIKA GROUP              231

13.1.10.1                 Business overview 231

13.1.10.2                 Products/Solutions/Services offered 231

13.1.11   BLUE JAY TECHNOLOGY CO. LTD.           232

13.1.11.1                 Business overview 232

13.1.11.2                 Products/Solutions/Services offered 232

13.1.12   DYNAMIC RATINGS         233

13.1.12.1                 Business overview 233

13.1.12.2                 Products/Solutions/Services offered 233

13.1.12.3                 Recent developments           234

13.1.12.3.1             Deals      234

13.1.12.3.2             Expansions             234

13.1.13   OSENSA INNOVATIONS 235

13.1.13.1                 Business overview 235

13.1.13.2                 Products/Solutions/Services offered 235

13.1.13.3                 Recent developments           236

13.1.13.3.1             Product launches  236

13.1.14   MEGGER              237

13.1.14.1                 Business overview 237

13.1.14.2                 Products/Solutions/Services offered 237

13.1.14.3                 Recent developments           238

13.1.14.3.1             Expansions             238

13.1.15   IPEC LTD.            239

13.1.15.1                 Business overview 239

13.1.15.2                 Products/Solutions/Services offered 239

13.1.15.3                 Recent developments           240

13.1.15.3.1             Product launches  240

13.1.15.3.2             Expansions             240

13.2         OTHER PLAYERS              241

13.2.1      MONITRA LTD. 241

13.2.2      RUGGED MONITORING                242

13.2.3      PDS        243

13.2.4      DOBLE ENGINEERING COMPANY             243

13.2.5      NUVENTURA     244

14            APPENDIX           245

14.1         INSIGHTS FROM INDUSTRY EXPERTS     245

14.2         DISCUSSION GUIDE        246

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                249

14.4         CUSTOMIZATION OPTIONS        251

14.5         RELATED REPORTS         251

14.6         AUTHOR DETAILS           252

LIST OF TABLES

TABLE 1                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY SWITCHGEAR TYPE  26

TABLE 2                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY COMPONENT              27

TABLE 3                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY VOLTAGE     27

TABLE 4                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY SERVICE        27

TABLE 5                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY END USER     28

TABLE 6                SWITCHGEAR MONITORING SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS,

BY REGION         28

TABLE 7                SWITCHGEAR MONITORING SYSTEM MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE)     37

TABLE 8                SWITCHGEAR MONITORING SYSTEM MARKET: RISK ANALYSIS  43

TABLE 9                SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT          44

TABLE 10              PROJECTS/REGULATIONS BY DIFFERENT COUNTRIES FOR ENERGY TRANSITION 54

TABLE 11              ENERGY TRANSITION SCORES, BY COUNTRY, 2024        56

TABLE 12              ROLE OF COMPANIES IN SWITCHGEAR MONITORING SYSTEM ECOSYSTEM        61

TABLE 13              AVERAGE SELLING PRICE TREND OF SWITCHGEAR TYPES, 2021–2024 (USD/UNIT)      65

TABLE 14              AVERAGE SELLING PRICE TREND OF SWITCHGEAR MONITORING SYSTEMS,

BY REGION, 2021–2024 (USD/UNIT)          66

TABLE 15              IMPORT DATA FOR HS CODE 853590-COMPLIANT PRODUCTS, 2024    67

TABLE 16              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  68

TABLE 17              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 69

TABLE 18              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  69

TABLE 19              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 70

TABLE 20              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS             70

TABLE 21              SWITCHGEAR MONITORING SYSTEM MARKET: LIST OF PATENTS, 2021–2023       73

TABLE 22              IMPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY,  2022–2024 (USD THOUSAND)      76

TABLE 23              EXPORT DATA FOR HS CODE-853590 COMPLIANT PRODUCTS, BY COUNTRY,  2022–2024 (USD THOUSAND)      77

TABLE 24              SWITCHGEAR MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS           78

TABLE 25              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS               81

TABLE 26              KEY BUYING CRITERIA FOR TOP 3 END USERS                 82

TABLE 27              US-ADJUSTED RECIPROCAL TARIFF RATES                 86

TABLE 28              ANTICIPATED CHANGE IN PRICES AND POTENTIAL IMPACT ON END USERS DUE TO TARIFF ENFORCEMENT                87

TABLE 29              SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2021–2024 (USD MILLION)            93

TABLE 30              SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2025–2030 (USD MILLION)            94

TABLE 31              AIR-INSULATED: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            95

TABLE 32              AIR-INSULATED: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            95

TABLE 33              GAS-INSULATED: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)                 96

TABLE 34              GAS-INSULATED: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2025–2030 (USD MILLION)                 96

TABLE 35              SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            98

TABLE 36              SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            98

TABLE 37              LOW: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            99

TABLE 38              LOW: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            99

TABLE 39              MEDIUM: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            100

TABLE 40              MEDIUM: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            100

TABLE 41              HIGH AND EXTRA HIGH: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)            101

TABLE 42              HIGH AND EXTRA HIGH: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2025–2030 (USD MILLION)            102

TABLE 43              SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2021–2024 (USD MILLION)            104

TABLE 44              SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2025–2030 (USD MILLION)            105

TABLE 45              PARTIAL DISCHARGE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET,  BY REGION, 2021–2024 (USD MILLION)            106

TABLE 46              PARTIAL DISCHARGE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET,  BY REGION, 2025–2030 (USD MILLION)            106

TABLE 47              GAS MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)            107

TABLE 48              GAS MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2025–2030 (USD MILLION)            108

TABLE 49              TEMPERATURE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET,

BY REGION, 2021–2024 (USD MILLION)   109

TABLE 50              TEMPERATURE MONITORING: SWITCHGEAR MONITORING SYSTEM MARKET,

BY REGION, 2025–2030 (USD MILLION)   109

TABLE 51              OTHER SERVICES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)                 110

TABLE 52              OTHER SERVICES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2025–2030 (USD MILLION)                 110

TABLE 53              SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,

2021–2024 (USD MILLION)            112

TABLE 54              SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,

2025–2030 (USD MILLION)            113

TABLE 55              HARDWARE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            115

TABLE 56              HARDWARE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            116

TABLE 57              SOFTWARE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            117

TABLE 58              SOFTWARE: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            117

TABLE 59              SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,

2021–2024 (USD MILLION)            119

TABLE 60              SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)            120

TABLE 61              UTILITIES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            121

TABLE 62              UTILITIES: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 63              INDUSTRIAL: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            122

TABLE 64              INDUSTRIAL: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            122

TABLE 65              COMMERCIAL: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION

2021–2024 (USD MILLION)            123

TABLE 66              COMMERCIAL: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION

2025–2030 (USD MILLION)            124

TABLE 67              OTHER END USERS: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)            124

TABLE 68              OTHER END USERS: SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,  2025–2030 (USD MILLION)            125

TABLE 69              SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            128

TABLE 70              SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            128

TABLE 71              SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2021–2024 (UNITS)  128

TABLE 72              SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2025–2030 (UNITS)  129

TABLE 73              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            130

TABLE 74              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            131

TABLE 75              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            131

TABLE 76              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            131

TABLE 77              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2021–2024 (USD MILLION)                 131

TABLE 78              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2025–2030 (USD MILLION)                 132

TABLE 79              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2021–2024 (USD MILLION)            132

TABLE 80              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2025–2030 (USD MILLION)            132

TABLE 81              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET,

BY END USER,  2021–2024 (USD MILLION)            133

TABLE 82              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,  2025–2030 (USD MILLION)                 133

TABLE 83              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            133

TABLE 84              ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            134

TABLE 85              CHINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 135

TABLE 86              CHINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 135

TABLE 87              JAPAN: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 136

TABLE 88              JAPAN: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 136

TABLE 89              INDIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 137

TABLE 90              INDIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 137

TABLE 91              SOUTH KOREA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            138

TABLE 92              SOUTH KOREA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            138

TABLE 93              AUSTRALIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)            139

TABLE 94              AUSTRALIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)            139

TABLE 95              REST OF ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            140

TABLE 96              REST OF ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            140

TABLE 97              EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 141

TABLE 98              EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 142

TABLE 99              EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            142

TABLE 100            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            142

TABLE 101            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,

2021–2024 (USD MILLION)            142

TABLE 102            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,

2025–2030 (USD MILLION)          143

TABLE 103            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2021–2024 (USD MILLION)            143

TABLE 104            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,

2025–2030 (USD MILLION)            143

TABLE 105            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,

2021–2024 (USD MILLION)            144

TABLE 106            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)            144

TABLE 107            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            144

TABLE 108            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            145

TABLE 109            GERMANY: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)            145

TABLE 110            GERMANY: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)            146

TABLE 111            UK: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2021–2024 (USD MILLION)            146

TABLE 112            UK: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2025–2030 (USD MILLION)            147

TABLE 113            FRANCE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 147

TABLE 114            FRANCE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 148

TABLE 115            ITALY: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 148

TABLE 116            ITALY: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 148

TABLE 117            RUSSIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 149

TABLE 118            RUSSIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 149

TABLE 119            REST OF EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            150

TABLE 120            REST OF EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            150

TABLE 121            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            151

TABLE 122            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            151

TABLE 123            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)                 151

TABLE 124            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)                 152

TABLE 125            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2021–2024 (USD MILLION)                 152

TABLE 126            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2025–2030 (USD MILLION)                 152

TABLE 127            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,  2021–2024 (USD MILLION)                 152

TABLE 128            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,  2025–2030 (USD MILLION)                 153

TABLE 129            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,  2021–2024 (USD MILLION)                 153

TABLE 130            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,  2025–2030 (USD MILLION)                 153

TABLE 131            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,  2021–2024 (USD MILLION)                 154

TABLE 132            NORTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,  2025–2030 (USD MILLION)                 154

TABLE 133            US: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2021–2024 (USD MILLION)            155

TABLE 134            US: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2025–2030 (USD MILLION)            155

TABLE 135            CANADA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 155

TABLE 136            CANADA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 156

TABLE 137            MEXICO: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 156

TABLE 138            MEXICO: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 157

TABLE 139            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            157

TABLE 140            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            158

TABLE 141            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY VOLTAGE, 2021–2024 (USD MILLION)                158

TABLE 142            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY VOLTAGE, 2025–2030 (USD MILLION)                158

TABLE 143            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY COMPONENT, 2021–2024 (USD MILLION)        158

TABLE 144            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY COMPONENT, 2025–2030 (USD MILLION)        159

TABLE 145            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SERVICE, 2021–2024 (USD MILLION)  159

TABLE 146            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SERVICE, 2025–2030 (USD MILLION)  159

TABLE 147            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY END USER, 2021–2024 (USD MILLION)               160

TABLE 148            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY END USER, 2025–2030 (USD MILLION)               160

TABLE 149            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY COUNTRY, 2021–2024 (USD MILLION)               160

TABLE 150            MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               161

TABLE 151            GCC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            161

TABLE 152            GCC: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            161

TABLE 153            SAUDI ARABIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            162

TABLE 154            SAUDI ARABIA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            162

TABLE 155            UAE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2021–2024 (USD MILLION)            163

TABLE 156            UAE: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,

2025–2030 (USD MILLION)            163

TABLE 157            KUWAIT: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 164

TABLE 158            KUWAIT: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 164

TABLE 159            REST OF GCC: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            165

TABLE 160            REST OF GCC: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            165

TABLE 161            SOUTH AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            166

TABLE 162            SOUTH AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            166

TABLE 163            REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,  BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)       166

TABLE 164            REST OF MIDDLE EAST & AFRICA: SWITCHGEAR MONITORING SYSTEM MARKET,  BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)       167

TABLE 165            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            167

TABLE 166            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            168

TABLE 167            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)                 168

TABLE 168            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)                 168

TABLE 169            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2021–2024 (USD MILLION)                 168

TABLE 170            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COMPONENT,  2025–2030 (USD MILLION)                 169

TABLE 171            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,  2021–2024 (USD MILLION)                 169

TABLE 172            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE,  2025–2030 (USD MILLION)                 169

TABLE 173            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,  2021–2024 (USD MILLION)                 170

TABLE 174            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY END USER,  2025–2030 (USD MILLION)                 170

TABLE 175            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,  2021–2024 (USD MILLION)                 170

TABLE 176            SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET, BY COUNTRY,  2025–2030 (USD MILLION)                 171

TABLE 177            BRAZIL: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)                 171

TABLE 178            BRAZIL: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)                 172

TABLE 179            ARGENTINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2021–2024 (USD MILLION)            172

TABLE 180            ARGENTINA: SWITCHGEAR MONITORING SYSTEM MARKET, BY SWITCHGEAR TYPE,  2025–2030 (USD MILLION)            173

TABLE 181            REST OF SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2021–2024 (USD MILLION)            174

TABLE 182            REST OF SOUTH AMERICA: SWITCHGEAR MONITORING SYSTEM MARKET,

BY SWITCHGEAR TYPE, 2025–2030 (USD MILLION)            174

TABLE 183            SWITCHGEAR MONITORING SYSTEM MARKET: OVERVIEW OF STRATEGIES ADOPTED  BY KEY PLAYERS, MARCH 2021–JUNE 2025 175

TABLE 184            SWITCHGEAR MONITORING SYSTEM MARKET: DEGREE OF COMPETITION, 2024               176

TABLE 185            SWITCHGEAR MONITORING SYSTEM MARKET: REGION FOOTPRINT     182

TABLE 186            SWITCHGEAR MONITORING SYSTEM MARKET: SWITCHGEAR TYPE FOOTPRINT               183

TABLE 187            SWITCHGEAR MONITORING SYSTEM MARKET: VOLTAGE FOOTPRINT  184

TABLE 188            SWITCHGEAR MONITORING SYSTEM MARKET: END USER FOOTPRINT 185

TABLE 189            SWITCHGEAR MONITORING SYSTEM MARKET: LIST OF KEY STARTUPS/SMES   188

TABLE 190            SWITCHGEAR MONITORING SYSTEM MARKET: COMPETITIVE BENCHMARKING OF  KEY STARTUPS/SMES                 189

TABLE 191            SWITCHGEAR MONITORING SYSTEM MARKET: PRODUCT LAUNCHES,

JANUARY 2021–JUNE 2025              190

TABLE 192            SWITCHGEAR MONITORING SYSTEM MARKET: DEALS, JANUARY 2021–JUNE 2025              192

TABLE 193            SWITCHGEAR MONITORING SYSTEM MARKET: EXPANSIONS,

JANUARY 2021–JUNE 2025              193

TABLE 194            SWITCHGEAR MONITORING SYSTEM MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–JUNE 2025              195

TABLE 195            SIEMENS: COMPANY OVERVIEW               198

TABLE 196            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             199

TABLE 197            SIEMENS: PRODUCT LAUNCHES               200

TABLE 198            SIEMENS: DEALS               201

TABLE 199            SIEMENS: EXPANSIONS 201

TABLE 200            SIEMENS: OTHER DEVELOPMENTS         201

TABLE 201            ABB: COMPANY OVERVIEW         203

TABLE 202            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             204

TABLE 203            ABB: PRODUCT LAUNCHES         205

TABLE 204            ABB: EXPANSIONS           205

TABLE 205            ABB: OTHER DEVELOPMENTS   206

TABLE 206            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 207

TABLE 207            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    208

TABLE 208            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES                 209

TABLE 209            SCHNEIDER ELECTRIC: DEALS  209

TABLE 210            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              210

TABLE 211            EATON: COMPANY OVERVIEW  212

TABLE 212            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             213

TABLE 213            EATON: PRODUCT LAUNCHES  214

TABLE 214            EATON: EXPANSIONS    214

TABLE 215            EATON: OTHER DEVELOPMENTS            215

TABLE 216            GE VERNOVA: COMPANY OVERVIEW      217

TABLE 217            GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    218

TABLE 218            GE VERNOVA: PRODUCT LAUNCHES      219

TABLE 219            MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW   221

TABLE 220            MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        222

TABLE 221            MITSUBISHI ELECTRIC CORPORATION: EXPANSIONS     223

TABLE 222            MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS              224

TABLE 223            EMERSON ELECTRIC CO.: COMPANY OVERVIEW                 225

TABLE 224            EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    226

TABLE 225            HITACHI, LTD.: COMPANY OVERVIEW   227

TABLE 226            HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    228

TABLE 227            HITACHI, LTD.: DEALS  229

TABLE 228            HITACHI, LTD.: EXPANSIONS     229

TABLE 229            PT. TIARA VIBRASINDO PRATAMA: COMPANY OVERVIEW          230

TABLE 230            PT. TIARA VIBRASINDO PRATAMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    230

TABLE 231            SENSEOR – WIKA GROUP: COMPANY OVERVIEW                 231

TABLE 232            SENSEOR – WIKA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 233            BLUE JAY TECHNOLOGY CO. LTD.: COMPANY OVERVIEW          232

TABLE 234            BLUE JAY TECHNOLOGY CO. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    232

TABLE 235            DYNAMIC RATINGS: COMPANY OVERVIEW                 233

TABLE 236            DYNAMIC RATINGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    233

TABLE 237            DYNAMIC RATINGS: DEALS         234

TABLE 238            DYNAMIC RATINGS: EXPANSIONS            234

TABLE 239            OSENSA INNOVATIONS: COMPANY OVERVIEW                 235

TABLE 240            OSENSA INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235

TABLE 241            OSENSA INNOVATIONS: PRODUCT LAUNCHES                 236

TABLE 242            MEGGER: COMPANY OVERVIEW               237

TABLE 243            MEGGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED             237

TABLE 244            MEGGER: EXPANSIONS 238

TABLE 245            IPEC LTD.: COMPANY OVERVIEW             239

TABLE 246            IPEC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             239

TABLE 247            IPEC LTD.: PRODUCT LAUNCHES             240

TABLE 248            IPEC LTD.: EXPANSIONS               240

LIST OF FIGURES

FIGURE 1              SWITCHGEAR MONITORING SYSTEM MARKET: RESEARCH DESIGN         31

FIGURE 2              BREAKDOWN OF PRIMARIES      35

FIGURE 3              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR SWITCHGEAR MONITORING SYSTEMS     35

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              36

FIGURE 5              SWITCHGEAR MONITORING SYSTEM MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                 39

FIGURE 6              KEY STEPS CONSIDERED IN ASSESSING SUPPLY OF SWITCHGEAR

MONITORING SYSTEMS                40

FIGURE 7              SWITCHGEAR MONITORING SYSTEM MARKET: SUPPLY-SIDE ANALYSIS                 41

FIGURE 8              DATA TRIANGULATION METHODOLOGY                 42

FIGURE 9              ASIA PACIFIC TO BE FASTEST-GROWTHING MARKET FOR SWITCHGEAR MONITORING SYSTEMS DURING FORECAST PERIOD         45

FIGURE 10            GAS-INSULATED SEGMENT HELD MAJORITY OF MARKET SHARE IN 2024 46

FIGURE 11            SOFTWARE SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD          46

FIGURE 12            HIGH AND EXTRA HIGH SEGMENT ACCOUNTED FOR LARGEST MARKET

SHARE IN 2024   47

FIGURE 13            TEMPERATURE MONITORING SEGMENT TO RECORD HIGHEST

CAGR  FROM 2025 TO 2030          47

FIGURE 14            UTILITIES SEGMENT LED MARKET IN 2024                 48

FIGURE 15            GROWING DEPLOYMENT OF SMART GRIDS GLOBALLY TO DRIVE MARKET 49

FIGURE 16            ASIA PACIFIC TO WITNESS HIGHEST CAGR FROM 2025 TO 2030          49

FIGURE 17            UTILITIES SEGMENT AND CHINA HELD LARGEST SHARE OF ASIA PACIFIC SWITCHGEAR MONITORING SYSTEM MARKET IN 2024              50

FIGURE 18            GAS-INSULATED SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2030               51

FIGURE 19            HARDWARE COMPONENTS TO SECURE PROMINENT MARKET SHARE IN 2030      51

FIGURE 20            HIGH AND EXTRA HIGH SEGMENT TO DOMINATE MARKET IN 2030       51

FIGURE 21            TEMPERATURE MONITORING SEGMENT TO LEAD MARKET IN 2030   52

FIGURE 22            UTILITIES SEGMENT TO COMMAND MARKET IN 2030  52

FIGURE 23            SWITCHGEAR MONITORING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 53

FIGURE 24            ANNUAL CLEAN ENERGY INVESTMENTS, 2019–2024        55

FIGURE 25            GLOBAL ENERGY TRANSITION INVESTMENT, 2013–2023              56

FIGURE 26            INVESTMENT IN POWER GRIDS AND STORAGE INFRASTRUCTURE,

BY REGION, 2019-2024     58

FIGURE 27            GLOBAL RENEWABLE ELECTRICITY GENERATION, 2013–2023                59

FIGURE 28            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 29            SWITCHGEAR MONITORING SYSTEM ECOSYSTEM PLAYERS    62

FIGURE 30            SYSTEM MANUFACTURERS AND ASSEMBLERS SERVICE PROVIDERS

TO ADD MAXIMUM VALUE TO OVERALL PRODUCT        63

FIGURE 31            AVERAGE SELLING PRICE TREND OF DIFFERENT TYPE OF SWITCHGEAR

DEPLOYED IN SWITCHGEAR MONITORING SYSTEMS, 2021–2024                 65

FIGURE 32            AVERAGE SELLING PRICE TREND OF SWITCHGEAR MONITORING SYSTEMS,

BY REGION, 2021–2024    66

FIGURE 33            PATENT ANALYSIS, 2014–2024     73

FIGURE 34            IMPORT SCENARIO FOR HS CODE-853590 COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2022–2024     76

FIGURE 35            EXPORT SCENARIO FOR HS CODE-853590 COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2022–2024     78

FIGURE 36            SWITCHGEAR MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS           79

FIGURE 37            KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS            81

FIGURE 38            KEY BUYING CRITERIA FOR TOP 3 END USERS                 81

FIGURE 39            IMPACT OF GENERATIVE AI/AI ON END USERS, BY REGION         84

FIGURE 40            SWITCHGEAR MONITORING SYSTEM MARKET SHARE,

BY SWITCHGEAR  TYPE, 2024    93

FIGURE 41            SWITCHGEAR MONITORING SYSTEM MARKET SHARE, BY VOLTAGE, 2024           98

FIGURE 42            SWITCHGEAR MONITORING SYSTEM MARKET, BY SERVICE, 2024              104

FIGURE 43            SWITCHGEAR MONITORING SYSTEM MARKET SHARE, BY COMPONENT, 2024   112

FIGURE 44            SWITCHGEAR MONITORING SYSTEM MARKET SHARE, BY END USER, 2024           119

FIGURE 45            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SWITCHGEAR MONITORING SYSTEM MARKET FROM 2025 TO 2030        127

FIGURE 46            SWITCHGEAR MONITORING SYSTEM MARKET, BY REGION, 2024               127

FIGURE 47            ASIA PACIFIC: SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT     130

FIGURE 48            EUROPE: SWITCHGEAR MONITORING SYSTEM MARKET SNAPSHOT       141

FIGURE 49            MARKET SHARE ANALYSIS OF COMPANIES OFFERING SWITCHGEAR MONITORING SYSTEMS, 2024 177

FIGURE 50            SWITCHGEAR MONITORING SYSTEM MARKET: REVENUE ANALYSIS  OF KEY PLAYERS, 2020–2024             179

FIGURE 51            SWITCHGEAR MONITORING SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  180

FIGURE 52            SWITCHGEAR MONITORING SYSTEM MARKET: COMPANY FOOTPRINT 181

FIGURE 53            SWITCHGEAR MONITORING SYSTEM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 187

FIGURE 54            SIEMENS: COMPANY SNAPSHOT               199

FIGURE 55            ABB: COMPANY SNAPSHOT        204

FIGURE 56            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 208

FIGURE 57            EATON: COMPANY SNAPSHOT  213

FIGURE 58            GE VERNOVA: COMPANY SNAPSHOT     218

FIGURE 59            MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT   222

FIGURE 60            EMERSON ELECTRIC CO.: COMPANY SNAPSHOT                 226

FIGURE 61            HITACHI, LTD.: COMPANY SNAPSHOT  228