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Switchgears are electrically disconnected switches that are used to protect, control, regulate and isolate electrical equipment’s from damage from overpowering or less power fluctuations in Power Transmission and Distribution networks. 

Switchgear Monitoring System also known as Switchgear Condition Monitoring system is a set of equipment’s used to monitor, diagnose, and control the condition of switchgears and detect any defects in them. These are composed of components such as partial discharge sensors, instruments, and diagnostic software to observe the condition and current working of switchgears online to prohibit possible failure of switchgear system which may cause unwanted power outages.

Some benefits which these systems offer include avoiding unplanned outages, reducing industrial downtimes, reducing repair costs through improved failure detection, improving switchgear availability, cost-effectiveness, and proactive maintenance strategy.

The global switchgear monitoring system market size is anticipated to cross USD 2.0 billion by 2025, at a CAGR of around 9.5%, from an estimated USD 1.2 billion in 2020.

MARKET DRIVERS:

The growth of this market is attributed towards major pertaining factors including; the rising demand for secured electrical transmission and distribution systems, the increasing demand for continuous monitoring of switchgear across various industry verticals, the rising investments for efficient and reliable renewable energy and in T&D networks for upgrading the aging infrastructure, the rapid expansion of power plants and transmission lines to meet the growing electricity need, the increasing awareness about importance of Switchgear Monitoring Systems and the growing demand to safeguard and secure electricity grid distribution systems among energy etc.

Additionally, switchgear monitoring systems help prevent the leakage of SF6 gas, which is considered to be a major greenhouse gas. This makes them eco-friendly and also immensely desirable in various industry verticals. Alongside, benefits such as product compactness, safe operation, and economical costs offered by the switchgear monitoring systems enhance the growth of the overall market considerably.

Moreover, the manufacturing and service industry along with major government and public agencies depend on real time data analysis and rely on continuous supply of power from electric utilities to ensure continuous and efficient working of their electrically powered equipment’s. This makes switchgears one of the most important equipment in complete power distribution setup which needs proper monitoring to avoid failures and hefty damages. This propels the demand for switchgear monitoring systems and boosts their global market growth.

Furthermore, other factors such as the growth of data centers, execution of performance-based incentive systems and definite service programs, the increasing focus towards maximizing reliability of electrical assets through early detection of failure, the growing demand for retrofitting of existing electrical network in line with regulatory and fiscal reorganization across the large-scale industries and the rising inclination towards the advancement of prevailing grid infrastructure across developed nations will further propel the market growth.

However, high capital requirement for installing switchgear monitoring systems, stringent environmental and safety regulations for SF6 switchgears, increased reliability and quality assurance by switchgear manufacturers, onsite inspection and maintenance services provided by various power distributors and complexity in the timely detection of abnormal temperature rise in switchgears restrain the growth of this market.

SWITCHGEAR MONITORING SYSTEM MARKET SEGMENTATION:

By Type:

  • GIS (Gas Insulated Switchgear)
  • AIS (Air Insulated Switchgear)

By Component:

  • Hardware
  • Software & Services

By Voltage:

  • High Voltage
  • Medium Voltage
  • Low Voltage

By Monitoring Type:

  • Temperature Monitoring
  • Partial Discharge Monitoring
  • Gas Monitoring
  • Others

By End-Use Industry:

  • Energy and Utilities
  • Manufacturing
  • BFSI
  • Information Technology and Telecommunications
  • Government
  • Travel and Hospitality
  • Food & Beverage
  • Commercial
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

REGIONAL INSIGHT:

The Asia Pacific region holds the largest share in the switchgear monitoring systems market and is also the fastest growing regional market followed by Europe and North America. The region is expected to grow rapidly and maintain its position at the top in the forthcoming years as well. The growth in the region can be well attributed to factors such as the growing focus of countries such as China on developing transmission lines that are capable of high-load transfer over long distances and creating a nation-wide reliable power system, the increasing T&D network in the region, the rapid development and growth of renewable energy projects such as wind and solar and the increasing need for efficient grid distribution among large population areas. Also, factors such as rapid electrification, urbanization, the growing number of renewable, smart grid and substation projects and the increasing government initiatives, laws and regulations also contribute to the growth of this market. The major contributors in the region include India, China, Japan and South Korea.

The North American and European regions hold substantial shares in the switchgear monitoring systems market and are both anticipated to witness moderate growth in the upcoming years. The growth in these regions can be accounted to various factors such as the rise in demand for electricity reliability for commercial applications and stabilization of the power generation capacity, the availability and early adoption of technological advancement and enhancements in electronic products and the high traction towards efficient electric grid performance etc. The U.S and Canada in North America and the Germany, UK, and France in the European region are the major contributors in these respective regions.

FEW KEY PLAYERS IN SWITCHGEAR MONITORING SYSTEM MARKET:

  • Siemens AG
  • Emerson
  • Schneider Electric
  • General Electric
  • Eaton
  • Fortive
  • Mitsubishi Electric Corporation
  • Independent Power Engineering Consultant
  • Trafag AG
  • Konèar-Electrical Engineering Institute Inc.
  • ABB
  • Tiara Vibrasindo Pratama
  • SENSeOR
  • Other Players

RECENT DEVELOPMENTS:

  • In September 2020, Semco Maritime awarded German energy tech giant, Siemens with an order on equipment for the electrical service platform at the planned 1.6-GW Mayflower Wind project off the coast of Massachusetts. The equipment is said to include three 275 kV / 265 MVAr shunt reactors, a 72 kV HV gas insulated switchgear (GIS), three 275 kV MV GIS systems, integrated conditioning monitoring system and SCADA and protection systems. 
  • In December 2020, Hitachi ABB Power Grids launched a new high-voltage hybrid switchgear for offshore wind application which is said to be the first-of-its-kind to enable the collection grid between the wind towers to operate at a higher voltage level. The switchgear comes with a digital motor drive and local control cabinet with built-in intelligence for monitoring and diagnostics.

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