China Switchgear Market (2024-2030) | Outlook , Share, Companies, Trends, Analysis, Growth, Industry, Value, Revenue, Forecast & Size

Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape

Product Code: ETC001482 Publication Date: May 2022 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

China Switchgear Market Competition 2023

China Switchgear market currently, in 2023, has witnessed an HHI of 1133, Which has decreased slightly as compared to the HHI of 1567 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 China Switchgear Market Competition 2023

China Export Potential Assessment For Switchgear Market (Values in USD Thousand)


China Export Potential Assessment For Switchgear Market (Values in USD Thousand)

China Switchgear Market | Country-Wise Share and Competition Analysis

China Switchgear Market - Export Market Opportunities

Topics Covered in the China Switchgear Market

China Switchgear Market report thoroughly covers the market by voltage, by insulation, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Switchgear Market Synopsis

China Switchgear Market is poised to grow at an impressive rate in the coming years due to the country's growing demand for electricity, supportive government policies, and shift towards renewable energy sources. The increasing trend towards sustainable and energy-efficient products and the integration of digital technologies in switchgear provide added advantages to the market players. However, the high cost of installation, lack of standardization, and stringent regulations could hinder the market's growth. The potential opportunities in rural electrification and off-grid power supply provide immense opportunities for the market players. 

According to 6Wresearch, the China Switchgear Market size is anticipated to grow at a CAGR of 8.9% during the forecast period of 2024-2030. The shift towards renewable energy sources and the government's supportive policies in the energy sector are driving the market growth. Furthermore, the increasing demand for electricity due to rapid urbanization, industrialization, and rising population is also fueling the China Switchgear Market Growth. Additionally, the increasing need for high-voltage transmission and distribution systems also contributes to the growth of the China switchgear market. Apart from this, the trend for green energy and sustainability is prominent in the China switchgear market.

The switchgear designers and manufacturers are focused on developing low-carbon, energy-efficient, and environmentally friendly products. The market is also moving towards compact switchgear, which requires less space for installation. The primary challenge faced by the China switchgear industry is the high cost of installation and maintenance. The switchgear equipment typically requires a higher initial investment, which could deter potential investors, especially in developing countries. The increasing need for electrification, rural electrification, and off-grid power supply in remote areas provides immense opportunities for the China switchgear market. Furthermore, the up-gradation of existing power infrastructure and the shift towards renewable energy sources also opens up new avenues of growth. The increasing investments in the energy sector and the government's focus on the power sector are expected to further contribute to the China switchgear market's growth.

Government policies and schemes introduced in the China Switchgear Market 

In recent years, the government has introduced several policies and schemes to encourage the adoption of renewable energy and promote energy conservation. One of the most significant schemes is the Renewable Energy Law, which aims to promote renewable energy generation in the country. The law also mandates the use of renewable energy in the power sector, creating opportunities for switchgear manufacturers to develop new, innovative products to meet the growing demand. Government policies and schemes have had a significant impact on the China switchgear market. The Renewable Energy Law and other policies aimed at promoting renewable energy have created substantial demand for switchgear products. This has led to increased research and development efforts by manufacturers to meet the specific needs of renewable energy projects. 

Leading Players in the China Switchgear Market

Several companies dominate the China switchgear market, including Schneider Electric, ABB, Siemens, and Hyundai Electric. These leading players have invested in research and development, driving innovation in the sector, and developing new products to meet the needs of customers. 

Market Analysis by Voltage

According to Aditi, Senior Research Analyst, 6Wresearch, low voltage switchgear is the largest segment, accounting for more than 60% of the market share. However, the high-voltage switchgear segment is expected to grow rapidly due to the expansion of the power transmission and distribution network in China.

Market Analysis by Applications

In terms of Applications, the power utilities segment dominates the China Switchgear Market Share, owing to the expanding power generation sector in China. Additionally, the industrial sector is expected to grow more rapidly regarding switchgear usage due to the country's growing manufacturing sector.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of Switchgear Report

  • China Switchgear Market Overview
  • China Switchgear Market Outlook
  • China Switchgear Market Forecast
  • Historical Data and Forecast of China Switchgear Market Revenues, By Voltage and By Applications for the Period 2020-2030F
  • Historical Data and Forecast of China Low Voltage Switchgear Market Revenues, By Types for the Period 2020-2030F
  • Historical Data and Forecast of China Low Voltage Switchgear Market Revenues, By Applications for the Period 2020-2030F
  • Historical Data and Forecast of China Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2020-2030F
  • Historical Data and Forecast of China Medium Voltage Switchgear Market Revenues, By Applications for the Period 2020-2030F
  • Historical Data and Forecast of China High Voltage Switchgear Market Revenues, By Types for the Period 2020-2030F
  • Historical Data and Forecast of China High Voltage Switchgear Market Revenues, By Applications for the Period 2020-2030F
  • Market Drivers and Restraints
  • China Switchgear Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • China Switchgear Market Share, By Company
  • Company Profiles
  • Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

  • Low Voltage Switchgear
  • Medium Voltage Switchgear
  • High Voltage Switchgear

By Insulation

Medium Voltage Switchgear

  • Air Insulated
  • Gas Insulated

High Voltage Switchgear

  • Air Insulated
  • Gas Insulated

Low Voltage Switchgear

  • MCB
  • MCCB
  • C&R
  • ACB
  • COS
  • Others

By Applications

  • Residential
  • Commercial
  • Industrial
  • Power Utilities
China Switchgear Market (2024-2030): FAQs
The market size of China switchgear industry is expected to grow at a CAGR of 8.9% during the forecast period.
The primary drivers of the China switchgear market are increased electricity demand due to urbanization, the need to upgrade aging infrastructure, and the push towards clean energy sources.
The major players in China switchgear market include Siemens AG, ABB Ltd., Schneider Electric SE, General Electric Company, and Eaton Corporation.
The growing adoption of digital switchgear and the increasing focus of companies on research and development to improve product efficiency and reduce costs are the emerging trends in China switchgear market.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. China Switchgear Market Overview
3.1 China Country Indicators
3.2 China Switchgear Market Revenues & Volume 2020-2030F
3.3 China Switchgear Market Revenue Share, By Voltage, 2020 & 2030F
3.4 China Switchgear Market Revenue Share, By Insulation, 2020 & 2030F
3.5 China Switchgear Market Revenue Share, By Application, 2020 & 2030F
3.6  China Switchgear Market - Industry Life Cycle
3.7  China Switchgear Market - Porter’s Five Forces
4. China Switchgear Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. China Switchgear Market Trends
6. China Switchgear Market Overview, By Voltage
6.1 China Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F
6.2 China Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F
6.3 China Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F
7. China Switchgear Market Overview, By Insulation
7.1 China Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F
7.2 China Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F
7.3 China Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F
8. China Switchgear Market Overview, By Application
8.1 China Switchgear Market Revenues & Volume, By Residential, 2020-2030F
8.2 China Switchgear Market Revenues & Volume, By Commercial, 2020-2030F
8.3 China Switchgear Market Revenues & Volume, By Industrial, 2020-2030F
8.4 China Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F
9.  China Switchgear Market - Key Performance Indicators
10. China Switchgear Market - Opportunity Assessment
10.1 China Switchgear Market Opportunity Assessment, By Voltage 2030F
10.2 China Switchgear Market Opportunity Assessment, By Insulation 2030F
10.3 China Switchgear Market Opportunity Assessment, By Application, 2030F
11. China Switchgear Market Competitive Landscape
11.1 China Switchgear Market Revenue Share, By Company, 2023
11.2 China Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
13. Key Recommendations
14. Disclaimer
 

Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others ), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage(By Application(Residential, Commercial, Industrial, Power Utilities &Others), By Insulation Type(Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application(Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications(Residential, Commercial, Industrial, Power Utilities & others ) And Competitive Landscape.

Product Code: ETC001482 Publication Date: Apr 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 80 No. of Figures: 45 No. of Tables: 1

China Switchgear Market is gaining momentum owing to government initiatives associated with the use of clean and sustainable energy resources, rising investment in the infrastructure sector, increasing demand for advanced monitoring units, and control distribution systems. Along with this, the replacement and modernization of aging power networks would further stimulate the growth of the switchgear market in China over the coming years

According to 6Wresearch, China Switchgear Market size is projected to grow at a CAGR of 8.4% during 2019-2025. Increasing government investment in the power sector leads to the widespread construction of power grids in China, which would accelerate the switchgear market growth. The National Energy Administration aims at strengthening sustainable power generation technologies across China by 2020. Additionally, the Serbian government has entered into a strategic partnership with the Government of China to upgrade its existing electrical grid infrastructure. This would further spur the growth of the switchgear market in China. Competitive price offerings and increasing development of technology are also proliferating the growth of the market. 

The residential sector would generate the highest revenue due to increasing infrastructure activities. This rise in infrastructure activities would require up-gradation and installation of new transmission lines and distribution networks across the country, which acts as a major driving factor for the growth of China switchgear market.

The development of smart and connected switchgear is expected to add to the development of China Switchgear Market Share. Surging urbanization, economic expansion, and population growth are some of the key factors adding to the development of the market. 

China switchgear market report thoroughly covers the market by voltage and applications. China switchgear market outlook report provides an unbiased and detailed analysis of the ongoing China switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • China Switchgear Market Overview
  • China Switchgear Market Outlook
  • China Switchgear Market Forecast
  • Historical Data of China Switchgear Market Revenues for the Period 2015-2018
  • China Switchgear Market Size and Forecast of Revenues, Until 2025
  • Historical Data of China Switchgear Market Revenues, By Voltage, for the Period 2015-2018
  • Market Size & Forecast of China Switchgear Market Revenues, By Voltage, until 2025
  • Historical Data of China Switchgear Market Revenues, By Applications, for the Period 2015-2018
  • Market Size & Forecast of China Switchgear Market Revenues, By Applications, until 2025
  • Market Drivers and Restraints
  • China Switchgear Market Trends
  • Market Opportunity Assessment
  • China Switchgear Market Share, By Players
  • China Switchgear Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The China switchgear market report provides a detailed analysis of the following market segments:

  • By Voltage

    • Low Voltage (<1.1 kV)
      • By Types

        • MCB
        • MCCB
        • C&R
        • ACB
        • COS
        • Others (Distribution Boards, RCB, ELCB)
      • By Applications

        • Residential
        • Commercial
        • Industrial
        • Power Utilities
        • Others (Transportation infrastructure etc.)
    • Medium Voltage (1.1 kV – 36 kV)
      • By Types

        • ISG (Indoor Switchgear)
        • OSG (Outdoor Switchgear)
        • Others (RMU, CSS)
      • By Insulation Type

        • Air Insulated Switchgear
        • Gas Insulated Switchgear
        • Other Insulated Switchgear (Hybrid, Oil)
      • By Applications

        • Commercial
        • Industrial
        • Power Utilities
        • Others (Transportation infrastructure etc.)
    • High voltage Switchgear (<36 kV)
      • By Insulation Type

        • Air Insulated Switchgear
        • Gas Insulated Switchgear
        • Other Insulated Switchgear (Hybrid, Oil)
      • By Applications

        • Industrial
        • Power Utilities
        • Others (Transportation infrastructure etc.)

By Applications

  • Residential
  • Commercial
  • Industrial
  • Power Utilities
  • Others (Transportation infrastructure etc.)

Other Key Reports Available:

  • Japan Switchgear Market Report
  • India Switchgear Market Report
  • Indonesia Switchgear Market Report
  • Mexico Switchgear Market Report
  • South Africa Switchgear Market Report
  • Saudi Arabia Switchgear Market Report

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