Top 5 Vendors in the Global Hybrid Switchgear Market from 2016-2020: Technavio

LONDON--()--Technavio has announced the top five leading vendors in their recent global hybrid switchgear market report until 2020. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.

According to Technavio’s findings, global energy consumption increased by approximately 10% from 2010 to reach 20,567 TWh in 2015 and is expected to increase by 15%-20% in 2020. Transmission and distribution (T&D) network expansion and renovation are imminent to cater to the growing need for uninterrupted and quality power supply.

T&D equipment, such as transformers and switchgears, plays a significant role in ensuring uninterrupted, reliable power supply. Hybrid switchgears have been gaining importance as they solve space problems across the globe,” says Gaurav Mohindru, a lead tools and components research analyst at Technavio.

Competitive vendor landscape

The global hybrid switchgear market is moderately fragmented, comprising a diverse group of international as well as regional vendors. The concept of hybrid switchgears was introduced by ABB, one of the leading vendors in the market, after which several international players started to shift their focus on the same.

However, these vendors may not have to compete with many new entrants during the forecast period because new entrants have to make heavy capital expenditure to enter the market. New entrants would also find it difficult to compete with international vendors in terms of quality, design, product features, turnaround time, services, and maintenance of customer relationships. All the prominent vendors have a presence across the globe, with some having a comparatively stronger presence in some regions as compared to other regions across the globe.

Request a sample report: http://www.technavio.com/request-a-sample?report=53804

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Top five hybrid switchgear market vendors

ABB

ABB provides automation and power technologies to diverse industries, including the utilities, infrastructure, transport, and other industries. ABB operates its business through various reportable segments, including power systems, power products, low voltage products, process automation, and discrete automation and motion.

The company offers various hybrid compact switchgear, one of which is PASS. It makes use of traditional air insulated busbars to connect with other equipment in the substation while enclosing the bay functions in a single-phase gas insulated housing.

GE

HYpact is GE's hybrid compact switchgear assembly that consists of circuit breakers, disconnectors, and earthing switches. Here, the current and voltage transformers and cable connectors can be added. Also, its modular design allows for a variety of different layout configurations.

HYpact enables economic substation designs and operations with savings achieved in space consumption, transport and at-site installation, preparation planning, and switchyard cost and maintenance. When compared to conventional air-insulated substations, the maintenance free periods of the substations using HYpact can be tripled or even quadrupled. HYpact also reduces the switchgear’s exposure to environmental influences, thus providing an alternative to gas insulated substations.

Mitsubishi Electric

Mitsubishi Electric gas insulated switchgears and gas circuit breakers represent the best of modern technologies. The company offers various high voltage switchgears, one of which is the gas insulated switchgear. The advantages of Mitsubishi Electric gas-insulated switchgears are numerous. They include space savings, flexible designs, less field construction work, minimal maintenance, and high reliability and safety. This includes 550kV GIS and 300kV GIS.

Siemens

Siemens' mixed technologies substations are hybrid substations. These are compact switchgear applications used mainly in the refurbishment and expansion of substations with air-insulated outdoor and indoor switchgear. Its circuit breakers, grounding switches, disconnectors, and instrument transformers are housed in pressure resistant, gas-tight enclosures. Siemens integrated switchgear provides the possibility to adapt a substation to various demands in short time and without the need for extra space. Some of the key benefits of Siemens mixed technologies substations are ideally suited for new substations when space is limited. There is good clarity and accessibility for all equipment, and compact solution is provided due to hybridization of GIS and AIS technology.

Toshiba

As Toshiba manufactures a range of computers and office automation equipment, the company requires stable and high-quality electric power supply. The company's highly reliable gas insulated switchgear contributes for ensuring its delivery. This is compact and sophisticated, but robust enough to survive in hostile environments. Its products are being used everywhere from mountainous sites to congested metropolitan areas day and night.

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the top five leading vendors in their recent global hybrid switchgear market report until 2020.

$Cashtags

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com