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The North America metal-clad switchgear market was valued at USD 955.9 Million in 2019 and is projected to reach USD 1,128.1 Million by 2027, expanding at a CAGR of 3.3% during the forecast period 2020-2027. – PowerPoint PPT presentation

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Title: yashivaidya12 (2)


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Forecast
Metal-clad Switchgear Market - North America
Industry Analysis, Size, Share, Growth, Trends and
North America Metal-clad Switchgear Market By
Type (5kV Metal-clad Switchgear, 15kV Metal-clad
Switchgear, 27kV Metal-clad Switchgear, 38kV
Metal-clad Switchgear, and Other), By End Use
(Commercial and Industrial), and Country (U.S.,
Canada, and Mexico) Report ID 98 Rating
4.8 Author Growth Market Reports Reviews
46 No. Of Pages 181 Format PDF,XLSX Report
Description
Market Outlook The North America metal-clad
switchgear market was valued at USD 955.9 Million
in 2019 and is projected to reach USD 1,128.1
Million by 20 27, expanding at a CAGR of 3.3
during the forecast period 2020-2027. The growth
of the market is attributed to rapid
industrialization and urb anization across the
globe. Additionally, the customization abilities
associated with metal-clad switchgear further
results in the expansion of the market in North
America. It offers the client with a basic load
protection and generally operates on the basis of
instructions of the relay that is in stalled
making it effective for several
applications. Market Dynamics The market is
majorly driven by factors such as enhanced safety
as well as ease of maintenance associated with
metal-clad switchgears. Howe ver, maintenance
requirements vary from client to client based on
its application and usage. Some frameworks need
reduced equipment switchi ng. The primary
objective a of metal-clad switchgear is to
operate as a disconnect that consistently
functions in the on position except for an a
nnual shutdown. Other applications demand that
the system moves more frequently from 'open to
close' or on to off' mode. Customers prefer e
quipment that can handle the continuous usage of
to operate the loads that are fed for regular
switching applications. Segmental Outlook On the
basis of type, the North America metal-clad
switchgear market is bifurcated into 5kV
metal-clad switchgear, 15kV metal-clad
switchgear, 27kV metal-clad switchgear, 38kV
metal-clad switchgear, other. The 5kV metal-clad
switchgear segment is anticipated to expand at a
CAGR of 3.7 during the forecast period owing to
its use in generator and control applications.
Additionally, the use of 5kV metal-clad
switchgear in new constructions and installation
of air brake devices is expected to drive the
growth of the segment. The 15kV metal-clad
switchgear segment is e stimated to hold 32.7
share of the market in 2019 owing to its usage in
larger voltage class applications. Based on end
uses, the market is segmented into commercial and
industrial. The industrial segment is projected
to hold a significant share of the market during
the forecast period owing to the enhanced safety
features offered by metal-clad switchgear for
several industrial applications. The commercial
segment is expected to grow at a substantial pace
as it offers large electrical backups which are
required in commercial establi shments. Definition
s By Type 5kV Metal-clad Switchgear These
metal-clad switchgears operate through voltage
range of 5 kV. These switchgears consist of
breakers, a cell, and auxiliary equipment. 5 kV
metal-clad switchgear are used in new
constructions and installation of air brake
devices. This type of switchgear s is used in
generator and control applications. 15kV
Metal-clad Switchgear 15 kV metal-clad
switchgear operate through maximum voltage range
15kV. They comprise four auxiliary compart ments,
a safety shutter, and a transformer. Auxiliary
compartments are used for installing voltage or
control power transformers, or primary fuse s.
Safety shutter operates when the auxiliary drawer
is withdrawn to protect workmen from accidental
contact. 27kV Metal-clad Switchgear These
switchgears encompass horizontal draw out vacuum
circuit breaks and it consist of features and
advantage s of 5 kV and 15 kV metal-clad
switchgear. The 27kV metal-clad switchgear are
insulated with cycloaliphatic epoxy. 27 kV
metal-clad switchgea r operates through voltage
higher than 15 kV to 27 kV. 38kV Metal-clad
Switchgear 38kV metal-clad switchgear are mostly
used in new constructions and also to replace old
air-break. These metal-c lad switchgears are
preferred in industries, as they provide high
voltage and require less space. These switchgears
are made up of axial-magnetic and copper-chrome
which provide dielectric strength and better
performance. The 38kV metal-clad switchgear have
separate control compartment for monitoring and
protecting devices.
2
Others The others segment includes metal-clad
switchgear of different voltage such as 2.4 kV,
25 kV, 27.6 kV, 34.5 kV, etc. By End
Use Commercial Metal-clad switchgear are used
for commercial purpose in office buildings,
medical centers, hotels, malls, retail stores,
multifamily housing buildings, farm land, and
warehouses. Metal-clad switchgear are used to
provide large electrical backups which are
required for electrical equipment in commercial
establishments. Industrial Metal-clad switchgear
provide protection and safety and thus are used
in large industries. These gears are primarily
used in the elect rical industry to stabilize
voltage. Metal-clad switchgear are used in power
generation, transportation, marine industries.
Large amounts of ener gy are required for power
generation, which requires electricity load
protection. In the marine industry, low voltage
motors are used for cargo pu mps, steering pumps,
engine rooms, which require metal-clad switchgear
load protection and safety. Competitive
Landscape Key players in the market include
ABB Ltd., Allis Electric Co., Ltd., AZZ Inc.,
Crown Technical Systems, Eaton Corporation plc,
Efacec Po wer Solutions, Electro-Mechanical
Industries, Inc., General Switchgear Controls
Ltd., Hitachi, Ltd., Industrial Electric Mfg.,
LSIS Co., Ltd ., Myers Power Products, Powell
Industries, powerconcorp.com, RIC Power Corp.,
Schneider Electric, Siemens, and Switchgear Power
S ystems LLC. These companies are considered
manufacturers of Metal-clad Switchgear based on
their revenue, research development (R D)
activities, regional presence, and supply chain
management system. The players are adopting
key strategies such as acquisition, and
geographical expansion where potential
opportunity for the metal-clad s witchgear
extraction is added in the companys capacity.
For instance, On March 22, 2018, AZZ completed
the acquisition of Tennessee based Lectrus
Corporation. The latter company designed and
manufactured custom metal enclosures while also
provided electrical and mechanical integration.
This acquisition has helped AZZ in developing its
switchgear business. In May 2020, On July
19, 2019, Eaton completed the acquisition of
Innovative Switchgear Solutions, Inc., a
specialty manufacturer caterin g to North America
utility, commercial, and industrial sectors with
medium-voltage electrical equipment. On June
30, 2018, ABB completed the acquisition of
General Electric Industrial Solutions. This
acquisition helped the former companys
Electrification Products division increase its
range of product offerings, while increasing its
presence in the market in North America. Key
Benefits for Industry Participants
Stakeholders In-depth Analysis of the North
America Metal-clad Switchgear Market
Historical, Current and Projected Market Size in
terms of Value Potential Niche Segments
and Countries Exhibiting Promising Growth
Covered Industry Drivers, Restraints and
Opportunities Covered in the Study Recent
Industry Trends and Developments Competitive
Landscape Strategies of Key Players
Neutral Perspective on North America Metal-clad
Switchgear Market Performance
Table Of Content
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